No. of Recommendations: 2

Nobody that I know of ever said that 4% was a firm and fast rule that would be perfect for all people all of time. It's a rule of thumb, a good benchmark. But, leave it to the financial advisors (aka, crooks) to try to make it so complex that normal folk would feel compelled to seek their expert advice. It's like low expense ratios: They're good for your porfolio. It's like high fees and expenses: They're bad for your porfolio. 4% is as good as any rule of thumb, to be adjusted as needed for each individual, using simple common sense.
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