3 ms·
> Even if with investment returns as low as 4% That line of reasoning always make me smile. That's like assuming that once you get a certain threshold of weal
by znpy 6y ago
> Even if with investment returns as low as 4%
That line of reasoning always make me smile.
That's like assuming that once you get a certain threshold of wealth, you can automatically assume you'll be fine forever.
And by the way, that "as low as 4%"... Most people throw percentages all around the table, easy like that... Seems funny.
Call me stupid, but the idea of a whole country being able to piggyback off all other countries seems unlikely to say the least.
- arjun-menon 6y agoDo you realize most 401(k) and IRA accounts in the US are all invested securities (like equities and bonds)? Similarly, most wealthy people invest their money in general? Also, I didn’t pull the 4% out of a hat. It’s actually the “Safe Withdrawal Rate[a]” recommended by Mr. Money Mustache. See his blog posts on it: https://www.mrmoneymustache.com/2012/05/29/how-much-do-i-need-for-retirement/ https://www.mrmoneymustache.com/2012/05/29/how-much-do-i-nee... Also, see: https://www.mrmoneymustache.com/2018/11/29/how-to-retire-forever-on-a-fixed-chunk-of-money/ https://www.mrmoneymustache.com/2018/11/29/how-to-retire-for... [a] Bogleheads article on Safe withdrawal rates: https://www.bogleheads.org/wiki/Safe_withdrawal_rates https://www.bogleheads.org/wiki/Safe_withdrawal_rates