Thanks for the interesting article. Another strategy that seems to be missing from this article is the dividend growth strategy in which the retiree lives entirely on some percentage of the growing stream of dividends and interest generated by his/her portfolio (plus any pension and SS payments). The retiree never sells portfolio principle with this strategy. It is not necessarily better than the other strategies but I think it deserves to be mentioned. Since dividends tend to be much more reliable and predictable and stable than stock prices, there really isn't much SoR risk with the strategy. Of course, the investor needs to avoid the temptation to just focus on high yield, high risk stocks, and instead focus on high quality stocks, REITs, BDCs, MLPs, etc. As a result, the retiree may need a higher portfolio value and will likely underspend and leave money on the table with this strategy. Personally I am completely ok with these consequences because God has blessed us with enough. I enjoy the peace of mind from this strategy, although to be honest currently we are only semi retired and continue to have income from consulting, etc on top of our portfolio income.