Quote:
Originally Posted by rustyp
I wonder why when the markets were breaking all time highs the gurus didn't change the "guideline" to 5%. I think I know. Without my money they make no money.
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4% a heuristic rule, a generalized rule of thumb based upon a generalized rule of fingers of inflation, bonds and equity returns. Simplicity for non financial long term planning before the explosion in market data and software programming. . .
you don't hear about the 4% rule much because the software programs create customized plans with as much detail as you want to stuff into it.
The fidelity plan has car replacement inputs with/without loans, has forecasted health care costs, now that it is a large expense, etc. . . so advancements make thumbs meaningless. .
that's why