Resources -
I only know the US resources such as
earlyretirementnow.com, which is very in-depth.
SOR risk also important to read about.
Pfau is also worth reading.
Brokerage is absurdly cheap these days if you go with SelfWealth or OpenTrader, so I would think withdrawing every 1-2 months would cost you an extraordinarily small amount. Capital gains are also more efficient being taxed at 50% of the capital gain and can remain invested, earning money on the not-yet-paid tax until you actually need it.
This is opposed to dividends, where the amount paid out has not considered your personal circumstances.
The most important thing really is SOR risk (which you can search), and there is no known financial solution. It would be best if you built in some flexibility in case of multiple down years early on in your retirement via as many ways as possible such as these:
- working part-time or casual for the first few years.
- over funding your retirement nest egg by working an extra year or two.
- having discretionary expenses that you can cut from.
- vanguard's floor and ceiling rule for spending.
- having some secure income (although not sure the annuity market in Australia is sound or not).
I wish I had more information and links, but at this stage, I don't.
One thing I would say is that superannuation and the rules around retirement can be complex, so it may be worth seeking professional advice on possible strategies of which there are many. For instance, upsizing to get the pension, then downsizing later when you have begun to burn through some funds. There is a contribution strategy to reduce tax payable by your adult children from any remaining super you have. There are gifting rules with time frames of how long it can affect you getting the age pension. Lost more.