FYI: With all the back and forth over whether to withdraw 4% from your portfolio in your golden years, few would blame you if you simply threw in the towel and put your money in a managed payout fund.
Those are funds that, at least on paper, are supposed to provide you with a steady stream of income, say 4%, over the course of your retirement. And in doing so, you presumably wouldn’t have to worry about asset allocation or outliving your money or any of the other issues that plague retirees trying to use what’s called a systematic withdrawal plan or SWiP.
Regards,
Ted
http://www.marketwatch.com/story/how-to-tell-if-retirement-income-funds-are-right-for-you-2015-04-11/print
