Texas Proud
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 16, 2005
- Messages
- 17,322
This thread started with discounting Sharpe because he talked about rigorous adherence to the 4% SWR rule. Why should the 4%/95% rule be any different. I think there is consensus here that all these are guidelines and you need to be flexible to make them work.
People have different and multiple ways of being flexible. Rich talks of one way. For us, ER'ing in our late 40's, going back to work is also a feasible option. We would rather have a few years of ER now, and then work for a while (part-time or even full-time) than continue working till I have a fool-proof plan. (if that is even possible).
Not just that.... but Sharpe was also advocating something you can not do now... and his suggestion also had and end date... since he was talking about funding a 'fixed' expense with variable income... then I would suggest that there is not a 'fixed' time period that we can use either... I am not saying his findings are wrong for the questions he asked, but that in the real world we do not have the ability to connect everything with a like opposite. (fixed expense with fixed income or variable expense with variable income)... you have to adjust just like any business does... and most families...