Assumptions:
Age: 35, married 2 kids
Net worth (not including primary house): $700K
Total cost of living: 28K/yr (technically @ 4% withdrawal, this is possible)
I consider my 401k money, dead, because there's a long way from 34 to 60-62 when that money is actually available. How is it that people are so quick to say stach * @4% withdrawal will get you what you need. Allocation seems to be a BIG part of it, and I need to get that RIGHT.
Can someone walk me through the mechanics of how this 700K would be allocated, ideally? Assuming you are moderate-risk and reasonably diversified and dont want to erode your principal.
My apologies if this has been discussed before, please feel free to point me to the right threads.