Example #4,080,875 in the re-hashing of the 4% rule’s drawbacks and reviewed as an example of what my last post ranted against. Neglects portfolio construction, asset selection, rebalancing, and more. Ends where the industry pieces always seem to end up: private annuities.
The seemingly never-ending debate over the 4% rule has been refreshed again by a recent Morningstar report. "4%" is dead, they say. My thoughts: what if we availed ourselves of all the techniques that can improve the rule's chances of being viable? Mainly, what if we had better portfolios?