You must be 64 then?
TBH, I'm not sure how I could live with myself if I burnt through that much fiat in a year, unless it was applied to other investments - Exactly what I'm doing.
Already talked to my advisors and they've created a good plan for me to draw down $xxxk per year over the next decade or so.
Will be starting to move money into the investments in the early New Year ahead of retiring End of Q1 2018. Want to make sure all the money is already working for me a month prior to officially retiring.
Yep... you seem to be among the ones with the greatest quantity of BTC to draw down upon.. but surely each of us are going to have to start to contemplate these kinds of draw down considerations and strategies, given the outrageous appreciation of one portion of our investment (namely BTC)... so considering timeline and quantity of bitcoins, it is not a bad problem to have.
During 2016, I had considered a fairly bullish scenario for BTC prices to be bouncing between about $1,200 and $5,000 for 2018... and surely, it seems that we have experienced some luck of a greater our security cushion regarding our BTC, based on outrageously higher than expected BTC prices, which is currently floating 3x to 4x higher than my most rosey of likely bullish scenarios....
It is really nice to have such currently existing decent 3x to 4x BTC price cushion, and also the upside price potential of BTC is not done yet, either.. so without even making additional diversifications, the 3x to 4x cushion lends a whole hell-of-a lot of decent security... regarding the downside and even making the downside, from where we are currently at much more difficult to play out.
From a personal perspective, I have made some changes to my personal business related plans based on overly expected BTC price appreciations which such changed plans are also going to transition me to another state of work-related relief (in other words non-work) at the end of Q1 2018.. just like you, but different.
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