I agree and disagree. For most folks, the fear of running out of money in retirement is their greatest fear. By sticking with a conservative withdrawal rate, these folks sleep better at night knowing that they'll never run out of money, plus their kids will be rich when they're six feet under. Yes, for most folks, it is possible to have a withdrawal rate of 5% or more, with a very high level of assurance that the money will last until they are dead. The important thing is for people to use their brains to figure this stuff out for themselves, because the folks out there who earn their living giving advice don't know what the hell they are talking about. Their only interest is in taking as much of your hard earned money as they can for themselves.
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