FAMILY FINANCE: OK for retirees to draw on principal

Your June 15 column said retirees should withdraw only 4 percent a year of their nest egg.

[Honey pot]

I am retired at 70 and living on income from a 30% stock 70%mix of bonds ,CD's and money market with no debt. suppose it depends on the amount from which income is withdrawn and lifestyle/habits .I feel as if I am comitting a sin if I withdraw principle because I feel obliged to leave my entire estate to my daughters.

[liner]

Honey pot wrote:

I am retired at 70 and living on income from a 30% stock 70%mix of bonds ,CD's and money market with no debt. suppose it depends on the amount from which income is withdrawn and lifestyle/habits .I feel as if I am comitting a sin if I withdraw principle because I feel obliged to leave my entire estate to my daughters.

Why are you obliged to leave YOUR money to your kids? Do you owe them anything?