[GNC] To whoever explained the 4% safe withdrawal rule - thank you

[Bruce Griffis]

So I also misunderstood the 4% rule. I figured I would calculate it as I 
can take out 4% of my investments in 2024, then in 2025 take out 4% 
based on what I had in my portfolio as of 1/1/2025. And I misunderstood 
it. I recalculated based on 4% of what was in investments on the day I 
retired, then checked inflation rate (2.5% on August 2024 - I would need 
to check again at the end of the year) - and compared it to 4% of what I 
have in my portfolio today - and there was over a 2K difference in 
calculations. I could have taken out too much.

So, note to self. Each year check what was in investments on date of 
retirement. Check inflation rate. Recalculate safe withdrawal amount.

Now I need to go back and read up on what to do in years three, four, 
five, ... - I only know what to do in years one (4%) and two (4% plus 
annual inflation rate).

BruceG