You will find that the Singhs are drawing more income than the target from the age of 82 and on and they never run out. By 90, the excess income is about $15,000 a year since they are getting so much guaranteed income from government sources.
It is hard not to notice that the Singhs receive substantially more lifetime income than the Thompsons with much less effort. The real point, however, is that the Thompsons have an investment horizon of nearly 25 years compared with a little more than five years for the Singhs. In summary, the Singhs are so much further ahead than the Thompsons because they transferred a great deal of risk to both the government and an insurance company, and also because they protected themselves against potentially poor longer-term investment returns.
globemoney I'm shortening my life. No cancer screenings, no treatments for anything that qualifies for MAiD. Have no wish to be a vulnerable, dependent, frail elderly waste of space for 30+ years. The mental damage to me of the boomer remover, 60 is the new 90, is worse than the virus.
globemoney Sorry that is GDP now
globemoney I am guessing Mr Caldwell from Morningstar does not look at the Atlanta Fed's tool Fednow that forecasts GDP negative 43% for Q2, when he arrives at his eatimate of annual GDP at -2.4%
globemoney Or shorten your life. Then you can spend your dough when you’re still young enough to enjoy it.