MAYBE, “NUMBERS DON’T LIE”, BUT HOW WE COLLECT THEM, ARRANGE THEM, MANIPULATE THEM, AND INTERPRET THEM CAN CERTAINLY LEAD TO SOME HIGH-BROWED LYING.

How to Lie with Statistics https://www.amazon.com/dp/0393310728/ref=cm_sw_r_apan_glt_fabc_0NHDTR8HCDZM6G557FBP Lies, Damn Lies, and Statistics: The Manipulation of Public Opinion in America https://www.amazon.com/dp/0393331490/ref=cm_sw_r_apan_glt_fabc_4BJA3XX476A6KZNQN9WN Charles Tadros, M.D. January 9, 2022 Saint Louis, Missouri

BECAUSE WE FORGET SO QUICKLY… 35 YEARS AGO A FINANCIAL PLANNER ASKED ME HOW MUCH I WOULD EVENTUALLY LIKE TO PULL OUT, ANNUALLY, FROM MY INVESTMENTS, IN ORDER TO FUND MY LIVING EXPENSES DURING RETIREMENT. I HAD READ THAT A 6% ANNUAL WITHDRAWAL WOULD BE HISTORICALLY SUSTAINABLE, SO I SUGGESTED 6%. HE THOUGHT THAT WAS PERFECTLY REASONABLE. SOMEWHERE BETWEEN THEN AND NOW, WE HAVE DOWNGRADED OUR EXPECTATIONS AND WE HAVE NOW NAMED IT THE, “4% RULE” (https://www.investopedia.com/terms/f/four-percent-rule.asp).

OHH, WAIT…4%…HA, how about 3.3%! (https://www.marketwatch.com/story/the-4-rule-is-being-debated-again-but-heres-what-you-should-do-11636999447) Charles Tadros, M.D. December 21, 2021 Saint Louis, Missouri