Oct 14, 2019
In 1994, the 4% rule (which said you could spend 4% of your nest
egg annually and have an enjoyable retirement) was
established. That was 25 years ago, and 25 x 4= 100% of a
nest egg being gone by now if that rule were followed.
This week, Rick and Granger talk why rules of thumb are a good starting point ina plan, but shouldn't be the entirety of it.