Quote:
Originally Posted by opendoor
He is though:
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What I am saying is that, unless you are fortunate enough to have a DB pension that will never run out, the only way that you can be sure that you won't outlive your money is to be able to live off of the income.
Sure, if you are in your 90s and are sure that you are not going to be around for too many more years, and also that your medical expenses aren't going to skyrocket, then sure, you can start to erode the principal.
But that doesn't change the point about what is required in order to secure your future.