Spur21 July 2019 at 13:46:00 GMT+8 Usually any drawdown is taken from the least volatile asset i.e. cash then bonds. Not ideal to drawdown from equities unless size of equities is >= 30X annual expenses.
We have to be realistic with retirement income for life as not every one can afford Fat FIRE or Fat retirement. For Lean FIRE or Lean retirement; we have to be very cautious over sequence-of-returns risk. Like it or not; long-term investing for income is a Game of Capital size and investing strategies. For Lean FIRE or Lean retirement; there is little room to recover from any large draw-down at market low.
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