TexasFreeper2009 wrote: Here’s the key point to remember about retirement: Any plan that involves living off the principle puts you in the unenviable position of needing to die before you run out of money.
Here’s another key point: If you don’t travel first class, your grand kids will.
Question: what are you going to do with your principal? I personally have no desire to sit on the front porch of a nursing home bragging about my principal. I fully intend to liquidate a very sizeable portion prior to my death.
well, it’s your money to do with as you please.
But when your eating cat food to survive, don’t go begging to the government to rob those who didn’t blow their money on your behalf.
I personally wish to amass enough principal to live off the interest/earnings alone. And then leave the principal to my children so that they can do the same.