Fritz at The Retirement Manifesto suggested we start a series covering how different FIRE bloggers plan to implement their drawdown strategy. I realize we are a bit late to the party given how many fellow bloggers have already contributed:
- The Anchor: Physician on FIRE: Our Drawdown Plan in Early Retirement
- Link 1: The Retirement Manifesto: Our Retirement Investment Drawdown Strategy
- Link 2: OthalaFehu: Retirement Master Plan
- Link 3: Plan Invest Escape (PIE): Planning for Success: Drawdown versus Wealth Preservation in Early Retirement
- Link 4: Freedom is Groovy: Freedom is Groovy
- Link 5: The Green Swan: The Green Swan
- Link 6: My Curiosity Lab: Show Me The Money: My Retirement Drawdown Plan
- Link 7: Cracking Retirement: Our Drawdown Strategy
- Link 8: The Financial Journeyman: Early Retirement Portfolio & Plan
- Link 9: Retire By 40: Our Unusual Retirement Withdrawal Strategy
- Link 10: Early Retirement Now: The ERN Family Early Retirement Capital Preservation Plan (This will land you back in this post. Make sure you don’t end up in an infinite loop! 🙂 )
- Link 11: 39 Months: Mr. 39 Months Drawdown Plan
- Link 12: 7 Circles: Drawdown Strategy – Joining The Chain Gang
- Link 13: Retirement Starts Today: What’s Your Retirement Withdrawal Strategy?
- Link 14: Ms. Liz Money Matters: How I’ll fund my retirement
- Link 15a: Dads Dollars Debts: DDD Drawdown Part 1: Living With A Pension
- Link 15b: Dads Dollars Debts: DDD Drawdown Plan Part 2: Retire at 48?
- Link 16: Penny & Rich: Rich’s Retirement Plan
- Link 17: Atypical Life: Our Retirement Drawdown Strategy
- Link 18: New Retirement: 5 Steps For Defining Your Retirement Drawdown Strategy
- Link 19: Maximize Your Money: Practical Retirement Withdrawal Strategies Are Important
- Link 20: ChooseFI: The Retirement Manifesto – Drawdown Strategy Podcast
- Link 21: Coach Carson: My Rental Retirement Strategy (or How to Not Run Out of Money)
- Link 22: Accidentally Retired: How I Planned my Early Retirement Withdrawal Strategy After I Accidentally Retired Without a Plan
So, better late than never: here’s the ERN family contribution. To begin, we are intentionally not calling this a drawdown plan. We will draw from our investments but hopefully never significantly draw them down. So, we are more in the PIE camp, trying to maintain our capital. Even if we were comfortable with leaving nothing to our heirs and charitable causes in 60 years, the drawdown over 60 years would be so small (especially early on, think of this as the initial amortization in a 60-year mortgage!) that we might as well plan for capital preservation rather than drawdown.
Continue reading “The ERN Family Early Retirement Capital Preservation Plan”