Re: When do you want your jam?
Posted: May 17th, 2021, 6:48 pm
Lootman wrote:But I can see the argument that anything left over when you expire has, in a sense, been wasted. Or rather, that there were years of working and saving and doing without that ended up not being necessary.
When I first heard about the HYP method the idea of establishing an income producing pot and leaving that to your estate when you expired struck me as a dumb idea. Who wants to be the rich corpse - I have no dependents nor progeny. Trouble is how do you know how long that pot has to last, I have made a plan to run my pot down by the time I'm 100 and will have residual income from a small government DC and the state pension in the unlikely chance I need some cash for hookers and beer.