For years, Saint Louis had the Globe Democrat, Post-Dispatch, Beacon (online) and other newspapers. All of these sources of news have/had different politics and different points of view. News outlets have always had a point of view (and not just expressed in their editorial columns). This makes for a lot of work for the rest of us if we do not want to rely on the story angle, or the data, facts, and statistics from one, “authoritative”, source.

Charles Tadros, M.D. February 4, 2022 Saint Louis, Missouri

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%…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). Charles Tadros, M.D. December 21, 2021 Saint Louis, Missouri