Drawdown Strategy – Joining the Chain Gang
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Mike, thanks so much for joining The Chain Gang!! You’re officially in as “Link #12”! I love your detailed strategy, and appreciate you adding to the discussion on a topic which is under-reported in the FIRE community. Thanks to you, and the others in the chain, we’ve added some serious content which will bring value to those designing their own drawdown strategy. Even better, we now have two British perspectives on the topic, which is invaluable. Your strategy appears well thought out, and I wish you the best of luck as you execute the details!
Great to see another UK contributor to the chain gang… I’m interested that your ISA’a will be spent after your SIPPs because I have my proposal the other way round. Mainly because we can hopefully leave our SIPPs to our 2 sons… But as my life expectancy has me at 100, I might have used it all by then, if inflation goes mad.
I love reading your articles, they always give me food for thought.
Nice to see you join the chain, Mike.
With 100 x your expenses a pension, you look golden to me!
Thanks – I usually feel that way, but we’re a few votes from communism over here!
Though I may not join the chain but I am passionately following the trends. Mike, you post actually challenged me. You mentioned that you have seven sources of income. This is a food for thought for me. I hope other people will pick the point too. Thanks for sharing this piece with us.
Thanks / you’re welcome. There are seven potential sources of income (actually ten if you include the three I ruled out in the section below).
But we will only be using five of the seven (or five of the ten, if you prefer).
Mike