10-01-2013, 11:34 AM
Retired about 9 years now. My plan is to invest 100% of our social security in a cash account and to only spend the income generated from that accumulation. So I would call that accumulation and figure that it will help us deal with inflation.
I'm drawing IRA's down for five or six years (three more years), then after that period will only draw off about 80% of the income stream until RMDs kick in.
Each year NAV growth is adjusted for both withdrawals and freshly invested money. My plan for investing our social security benefit is temporarily on hold, but should get back on track early next year. We are a bit ahead anyway, as the account is up to a little over $30K but have only been drawing my modest s.s. check for about 18 months. All dividends have been allowed to accumulate thus far.
I'm drawing IRA's down for five or six years (three more years), then after that period will only draw off about 80% of the income stream until RMDs kick in.
Each year NAV growth is adjusted for both withdrawals and freshly invested money. My plan for investing our social security benefit is temporarily on hold, but should get back on track early next year. We are a bit ahead anyway, as the account is up to a little over $30K but have only been drawing my modest s.s. check for about 18 months. All dividends have been allowed to accumulate thus far.
Alex