Review Detail

Discussion was very thought-provoking about the 4% rule in all of its iterations. However, it appeared that Craig believes the original rule was 4% of portfolio with NO adjustment for inflation. That is not correct. The original paper adjusted withdrawals for inflation every year beginning in year 2. That's why the failure rates were higher than Craig's flat 4% each year, although as he demonstrated, the actual results favor the flat 4% each year, with a bit of flexibility o the part of the retiree.