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Episode 3685:
Mr. 1500 Days explains why he thinks the endless debate over the 4% rule is a waste of energy for anyone chasing financial independence. He argues the rule rests on historical data that says little about future returns, that sequence of returns risk is overstated because an early retiree still has the skills and network to go back to work, and that almost nobody who retires early stops earning entirely. His real point is that shaving your withdrawal rate down to 3.25% adds years of work to reach a number your experience, your partner, and your community already insure against.
Read along with the original article(s) here: https://www.1500days.com/rant-stop-focusing-on-the-4-rule/
Quotes to ponder:
"The only thing that I'm completely certain about is that future returns are uncertain."
"Instead of obsessing over withdrawal rates, use your precious brainpower and time to figure out how to live your best life."
"You probably won't run out of money, but you will run out of life."
Optimal Finance Daily is a daily personal finance podcast where we narrate the best articles on financial independence, investing, saving money, and money management, read to you by a professional narrator so you can grow your wealth a little more every day.
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