Touching The Principal!

[ken-do-nim]

I'm thinking along similar lines, except I think by the time I'm 60 my portfolio will be 80% dividend producing growth stocks, and 20% pure growth stocks and ETFs, and it is from that latter 20% that I will trim from during up markets. So in a good year, I'll have my full income and enjoy a nice lifestyle, and in a down year, provided dividends aren't cut as well, I'll still have most of my income but will have to cut back a bit; maybe one vacation instead of two and less dining out.