I'm assuming a fixed real rate of return of 1% during retirement. My total estimated retirement expense in today's dollar is $58,000.
When I plan out over the next 30 years or so, I'm increasing the value of my portfolio each year by 1% (I account for RMD & taxes) but keeping the expense column constant as $58,000. Is this correct, or should $58,000 also be increased to account for inflation?
Thanks!
When I plan out over the next 30 years or so, I'm increasing the value of my portfolio each year by 1% (I account for RMD & taxes) but keeping the expense column constant as $58,000. Is this correct, or should $58,000 also be increased to account for inflation?
Thanks!
Statistics: Posted by Cincy_1988 — Sun Dec 22, 2024 10:46 am — Replies 9 — Views 218