Never met someone who retired with 7 figures and ran out of money in retirement, no. I wouldn't call it "just a strategy to get more $ form investors" though since these theories are often promoted by those who have no skin in the game either way.I can understand the flexibility of probabilities, but I wonder if there are actual & recent real-life cases proving their point, or if it a strategy to get more $ from investors. This might include experiences in which people started with sound recommended practices (like 4% or the above) and had to re-adjust way down permanently & prematurely. I am not talking about normal slow-go/no-go phases and I assume that most prudent (I almost wrote sane) people will use some references to foresee the problem before running out of money, So any case?
It's more just the fact that people naturally spend less than they could (especially once the go go years are gone) and nobody robotically spends 4% + inflation of the original amount. They all adjust as they go. As they should.
Statistics: Posted by White Coat Investor — Sun Mar 17, 2024 9:31 am — Replies 44 — Views 4662