Living off investments
I have an idea of how much I "need" to live "comfortably" based on my current salary and wonder whether at retirement, it is "better" to withdraw the amount in a lump sum or whether to take it monthly.
The benefit that I can see with a lump sum withdrawal is that it simplifies income tax calculations/reporting at filing in April of each year.
The benefit that I can see with monthly withdrawals is that one gets possible continued growth/dividend/income from the investments as opposed to having it in a safer high interest savings account from a lump sum withdrawal.
I have enough self control that even if I were to withdraw the entire amount as a lump sum at the beginning or mid-year point, I would be able to control how much I spend each month.
Am I missing anything? Comments?