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Strategies & Market Trends : Retirement - Now what?
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To: OldAIMGuy who wrote (101)5/10/2005 4:50:35 PM
From: Drygulch Dan  Read Replies (2) of 288
 
I find it interesting that your approach says, "...that will generate that level of income without invading the principle."

While this is a most conservative and therefore appropriate attitude for a retiree to adopt, in my case I have already given up on achieving that ideal. I accept that some capital depletion will occur over time. Else I would have to go back to work for a number of years, something I do not want to consider at this time.

So with this reality, I want to manage that capital depletion such that I don't deplete it at an unsustainable rate. I hope I can do this. My thought is to sell off properties in a ranked order such that I preserve the most personally valuable ones till last.

The problem with this approach comes from death taxes. Do you have any ideas for dealing with this ultimate reality given the approach I am taking? ie Is there a free lunch at the end of life? At least for the heirs/beneficiaries.
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