6♠ – Don’t Blindly Use the 4% Rule
Don't blindly use the 4% rule - because times have changed and it won't work any more.
by Mike Rawson · Published · Updated
Don't blindly use the 4% rule - because times have changed and it won't work any more.
Tags: What worksDrawdown
by Mike Rawson · Published July 22, 2019 · Last modified December 17, 2019
by Mike Rawson · Published May 17, 2018 · Last modified January 14, 2020
by Mike Rawson · Published April 30, 2018 · Last modified December 17, 2019
More
Everybody gets what they want out of the market.
Mike thanks for a great article.
What is also really helpful is if in retirement you still have some income from working part time and or a hobby that also generates income.
This takes a lot of pressure off the investment returns and going from 80% work to 20% work is not a bad idea, especially because we are all living longer and healthier into old age.
Hi Tim,
I appreciate the feedback – I’m a big fan of your own articles.
I agree about a side income. I’ve found I can’t really face working in an office any more, but if I can turn a hobby into an income stream, that would be great.
Even if you don’t make any real money, structure in retirement is important. Thirty years is a long time to sit on a sofa.