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Re: Real, inflation adjusted 5% rate of withdrawal during retirement

SJ60 asks what we’d do if our financial situations deteriorated badly, perhaps because of bad markets, high taxes, and/or high inflation. Although I’m fortunate to be in good health (at 75), I don’t have skills that would enable me (a retired philosophy professor) to earn a significant income. So I’d cut expenses. Having a good cushion, thanks to an inheritance, and with no one depending on me, I could cut a lot and still enjoy life. If my financial situation deteriorated beyond that point, I’d consider the option I have in mind in case I eventually lose the ability to take care of myself. Since I have no relatives and no spouse, no one would be badly traumatized.

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