I think the 4% is a starting point for young investors and agree that it’s great in a growing market.

However, it would be a poor approach for older investors in a down turn. We have seen wild market turns, what happens if we have five years of a down market? The thing the 4% rule becomes broken for someone using it in the short term.

Ultimately. We need to adapt when things go wrong. Personally, I am trying to create a situation that surpasses 4% to create additional margin.