Don't sleep on ChatGPT as a mild sense checker
I have a decent grasp on my FIRE numbers and roughly what that will be and draw down strategies. But I sometimes doubt my calculations.
So today I tried chatgpt with lots of assumptions, giving it high level numbers with inflation year on year, compound growth and drawdown amounts required to maintain my lifestyle.
I asked it to give me the most tax efficient way of drawing down and it did a pretty damn good job!
Try it out as a sense check. It won't replace a professional but it's fun to see how it comes to answers and provides you with reasoning.
Obviously all tax and pension rules can change with our government but it's a fun experiment.