No. of Recommendations: 14
Might I assume that, if invested properly with some other person or group, that might grow, say, to 4 times as much, or 32 percent, by the end of a full year (4 quarter)? If so, could I maybe take 4.5 percent out and be "daring"?

What that means is that you don't understand how to use the 4% rule of thumb, or the assumptions that went into it's development.

If you don't understand those things, then you're like a 3 year old wielding a butcher's knife. It's a handy tool, but dangerous when mis-used.

On the other hand, if you do understand those things but prefer to mis-use it anyway, you're more like a man with a hammer. Every thing he sees looks like a nail.

Again, the problem is not with the tool, it's with how it's used.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.