answered
Q: Hello. My names Nick. Im.just after a quick answer or your knowledge on my situation. Im single 50yrs old. With $2million in managed funds withing Anz bank. Ive been with them 10yrs now. An average of 8-9% returns. Which included 2007 GFC .
I have no debts. Own my house. Now. If i retire would it be reasonable to assume a 4% SWR yearly. Say $7k monlthy withdrawal. For the next 30-40yrs.... will i still retain my principle ?. Im asking th
A: Hello. My names Nick. Im.just after a quick answer or your knowledge on my situation. Im single 50yrs old. With $2million in managed funds withing Anz bank. Ive been with them 10yrs now. An average of 8-9% returns. Which included 2007 GFC .
I have no debts. Own my house. Now. If i retire would it be reasonable to assume a 4% SWR yearly. Say $7k monlthy withdrawal. For the next 30-40yrs.... will i still retain my principle ?. Im asking this bcos i dont need to leave funds behind. Would it be more beneficial for me to enjoy 5% SWR or 6. I dont expect crystall ball answers however there must be some guide to follow surely. Thank u so much. Im afraid to retire without sound security. They all telling me im too young to retire😊. Any help .
Pls.....
