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Capital reduction
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16th August 2007, 15:27
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jcrian
Moderator
Re: Capital reduction
Quote:
Originally Posted by
Rachels100
I added inflation by changing the amount you are withdrawing each year by making it £500 more each year. my total figure declined rapidly over the years, but I still had loads money left after 30 years.
The secret Rach is to get the last year with a capital figure of zero unless you want to be the richest person in the graveyard.Difficult to predict when that final year will be especially when you are as young as you!
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