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
Tag Archives: lies
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%…how about 3.3%…OR MAYBE 3.0%! (https://www.marketwatch.com/story/the-4-rule-is-being-debated-again-but-heres-what-you-should-do-11636999447). (https://www.barrons.com/articles/retirement-4-percent-rule-downturn-strategy-51642806039). https://finance.yahoo.com/news/author-discovers-most-important-financial-skill-for-achieving-financial-freedom-115918521.html Charles Tadros, M.D. December 21, 2021 Saint Louis, Missouri