When the question is raised, what is a safe withdrawal rate, ~4% is the number for a 25 year plus period.
When that 4% is used, does that mean every year it's 4% + inflation? Or 4% of portfolio.
IOW, in 10 years portfolio is down to $100K, do I just take out $4K or how does it work?
Probably foolish question, but I'm just not sure.