The Importance of Safe Withdrawal Weights

40% of Americans don't even have a portfolio they literally just live off like Social Security. Only one in seven are actually drawing down principal in a given year. People hedge for edge case scenarios where you get super sick and know a lot of health care costs. I think that's why people end up having more than they really need. We're so obsessed with efficiency and saving and investing we're so good at it that spending is the hard part.