Hi Deza.

If you want to pull your money out, at any time, not just in 30 years, you simply put in a sell order for however much you’d like to sell of the shares you own.

Same process as buying but in reverse :)

The money can be in your bank account within 2 days. Brokerage will be taken out and you’ll likely have to declare your capital gains to the ATO and pay some tax.

Hope that helps.
Dave

Thanks for the info Dave! Really helpful 😊

When considering how to withdraw from your investment after 30 years, it’s important to focus on a strategy that balances the need for income with the preservation of your capital. One widely referenced approach is the 4% rule, which emerged from the Trinity Study. This rule suggests that you can withdraw 4% of your retirement portfolio in the first year of retirement, and then adjust that amount each year for inflation, to help ensure that your savings last for a 30-year retirement period.

For example, if you have a retirement portfolio of $1,000,000, according to the 4% rule, you could safely withdraw $40,000 in the first year. In subsequent years, you would adjust this amount to account for inflation. This strategy is based on a balanced portfolio of 50% shares and 50% bonds, which historically has provided a good mix of growth (from shares) and income (from bonds), while also helping to manage risk.

It’s important to note that while the 4% rule is a useful guideline, it’s not foolproof. Factors such as market volatility, life expectancy, and personal spending needs can affect the sustainability of your withdrawals. Therefore, it’s crucial to regularly review and adjust your withdrawal strategy as needed, based on your actual investment performance and personal circumstances.

Pearler can assist in this process by providing tools and resources to help you plan and manage your investment strategy effectively. With Pearler, you can track your investment portfolio’s performance, simulate different withdrawal scenarios, and adjust your investment allocations to better align with your retirement goals. This can be a valuable support as you navigate the complexities of managing your investments post-retirement.

You can find out more about this topic here: What Is Fire Get Rich Slow Club

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