Spot on! I retired with more than enough to fund retirement but very little cash. Many of the things we want, ang things we want to do, are beyond our ability to write the check. We spent our last 20 working years debt free and now find ourselves contemplating loans.
I love the guard rails. It is exactly my philosophy. For instance, I have managed my mother-in-law’s money and our philosophy is to make changes in our strategy to spend more when times are good and to spend less when they are not. I love having software that provides that does the same. Makes sense.
In my taxable account I went into dividend investing route. In my Roth I did the buy and hold route with an S&P 500 etf and total market etf along with some Berkshire B stock and SCHD.
The piece that I never hear anyone talk about is the timing of taking cash out of your retirements. Do you do the full amount on January 1? Do you do it every month? Do you do it 2, 3, 4 times a year? Do you treat your savings as a big checking account and just spend from it directly? I suspect these are all possible options but what are the pros and cons and which one works the best?
