FIREwire

The Only Safe Withdrawal Rate is 0.5%

at EDT by Joshua Holt

Sam Dogen: “For those of you without cushy pensions, I’m sorry folks. The 4 percent rule is outdated. It is now unwise to follow the 4 percent rule as a proper safe withdrawal rate in retirement.”

“Thanks to a steady decline in interest rates, 4 percent rule from 1998 has declined by over 85%. In other words, we should change the name of the 4 percent rule to the 0.5 percent rule.”

About FIREwire

Joshua Holt is the founder of FIREwire, a site that aggregates personal finance, investing and financial independence stories. He is also the creator of Biglaw Investor.

Joshua spent more than a decade as a corporate lawyer in New York City representing sovereign nations and private equity clients in mergers & acquisitions.

He earned degrees from the University of Arkansas and Boston College, while also spending a year at Cambridge University in the United Kingdom. He lives in Austin with his wife and son.

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