Post #15485 by elann on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)

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I think the best withdrawal strategy is the RMD as required from retirement accounts by the IRS. Each year you withdraw a percentage of your account's latest balance, calculated based on your life expectancy. So you'd withdraw about 3.6% at age 70, gradually rising to 10% at age 92, and 20% at 104 if you should live so long.

Note that the IRS tables are more conservative than people's true life expectancy. Actuarial tables show a life expectancy of 17 years at age 65 for men and 20 years for women. So you'd be starting with 5%+ withdrawals at age 65. The IRS mandated RMD is only about half of the true life expectancy.

Elan

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