Quote:
Originally Posted by rustyp
If these financial gurus are so smart why would there be a need to modify the 4% rule. Did not the rule accommodate economic changes over the long haul ? Every time there is a hiccup we need a new rule ? Not a very comforting feeling. Never forget fear and greed the world's two biggest motivators.
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Thats the problem right there! It was never intended as a rule...more of a guideline. Over the years it became "a rule" that people viewed as inflexible and unchangeable, so thats why you literally see almost everyone questioning the 4%. Its kind of like the recommendation to walk 10,000 steps or drink 8 glasses of water, general guidelines that people now follow to the step...er...glass.