By the way, maybe I remain somewhat bothered (molested, no homo) by your statement about cashing out once a year because I have also seen you make statements in the past about cashing out and living on that cashed out amount for 5 years or 10 years or something like that, and I just find that kind of psychology (or even financial management) to be a wee bit problematic and even lacking in confidence in terms of figuring out how to manage your cash in such a way to largely keep yourself in bitcoin rather than so easily defaulting into getting into cash (or cash equivalents) for extended periods of time.
Thanks for the link, did not realize it was already there. Also found the other ones that use 200 week and 1458 days (4 years?) ... might be simpler as a general gauge.
The reason for cashing out, is because most things in life are currently paid in fiat, and most banks will not accept payment in bitcoin for the usual stuff like mortgages, rent, groceries. Some will. Or you can use those bitcoin debit / credit cards. In many cases, you can probably do that and spend what you need.
I just find that having an annual or some other periodic amount (maybe monthly or quarterly) makes it easier to stick to a budget, otherwise, if you are way above FU status, then you don't really care and can do it any time, keeping in mind you're not buying a lambo every week or something crazy.
Elwar has mentioned having cash reserves of about 4 years. I've seen other finance bloggers state they have between 6 months to 7 years worth of cash (not invested in anything, certainly not in bitcoin) and top that up regularly. That also gives you what some call a "cash cushion", in that if its a bear market, you still have some cash left to spend without touching your coins (or maybe buy back some, if you're still in the game or want to play). 6 months to 1 year, I would consider as "emergency cash", where it sits in your fiat / dollars in some readily available account.
For us coiners, this may be something like maybe one of the stablecoins, if you don't like the cash sitting in your fiat bank account. Even the most bitcoin maximalists that absolutely hate shitcoins understand that stablecoins don't exist as their own on their own blockchains, but on top of "platforms", which include all those smart-contract shitcoins like eth, ... sol? ada? poly? tron? ... at least the stablecoins are attempting to stick to as close as it can to the US dollar.