I'll take a look at it at some point.I do suggest you take a good look at VPW withdrawal methodology.
You're right, financial planning isn't static, it's an ongoing process since as you say circumstance or priorities can change. That's a point the planner made at the outset. One can plan without planning one's life away. I meet with the financial planner quarterly now that I've made some major decisions, including where and how to invest. In between those meetings there's no need to discuss it. I have an upcoming meeting, which prompted this question about what age is realistic to plan until ... I put it on the meeting agenda.Keep in mind that this is a plan. Circumstances change over time. I started planning in my early 50's. Running the numbers on my own program and doing the whatifs and tax scenerios.
We have changed the plan multiple times, even since early retirement. Why? Lifestyle choices, ROR on our assets, spending...whatever. Even some health issues. Like others I took the plan out to 90. Perhaps in five years I might take it to 95 or perhaps drop it down to 75 for one us. One thing for certain...I do not want to be the richest person in the old folks home wishing that we had done this or that in retirement whilst we had the health, the inclination, and the money. Plan your retirement but don't plan it away.
Be flexible and acknowledge that changes in your life will necessitate changes in your financial plan. AltaRed certainly has the right mindset for this. Practical, Flexible, Realistic.
So LTA ... you can mock me for "wanting to know when I'm going to die" (which obviously I don't). I'm just exploring a point to discuss with my planner prior to our next meeting.