Roxanne Jones: You're going to do very well in your life and help out a lot of people. She says the 4% rule is about how much less you should withdraw from an account than it's returning on average. The study, known as the Trinity study, looked at rolling 30 year time periods. Jones: Historically, if you took out 3% that portfolio made 8%, none of the portfolios ran out of money just an upward for inflation.
This Doc was on the podcast a few years ago to celebrate paying off his student loans. Just a few years later he is back as a millionaire. He said they live below their means and are happy to live a frugal lifestyle. For this doc the point of growing wealth is it gives him the ability to give back to the community. He has a broad investment and savings strategy and is continuing to look for ways to diversify. After the interview stick around for Finance 101: The 4% Rule.
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