5 ms·
It's also nonsense because it doesn't factor in the fact that if you live past 81, the 5k a month is worth more even ignoring the safe withdrawal rule. A prett
by sushisource 10y ago
It's also nonsense because it doesn't factor in the fact that if you live past 81, the 5k a month is worth more even ignoring the safe withdrawal rule.
A pretty poorly constructed example for WSJ I think
- AstralStorm 10y agoIs it really? Consider even one medical event, likelihood of which is high... Unless you have a sterling medical coverage you might get into medical debt or be unable to perform procedures.
- Spooky23 10y agoIn the US, acute events are usually covered by Medicare. Your risk in that scenario is long term care needs. That will drain your savings until you're poor enough to move to Medicaid. Another good reason to take the $5,000