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The Pernicious Effect of Inflation
Tyree: Nothing kills wealth faster than inflation, particularly the wealth that is held by retirees who are necessarily tilted towards more conservative investments and a higher cash allocation. As you take longer and longer during time, your withdrawal rate reaches kind of like what's called an asymptote mathematically, where it just kind of flattens out. Tyree: I can't really say with absolute assurance that 4%, 4 and a half percent, whatever rule you want to use is going to hold up on these circumstances. Unfortunately, we won't know for a long time.