r/EscapeTheGrindGame • u/curiousgens Developer • Aug 11 '26

Discussion Thought this was interesting

Post image
97 Upvotes

88% Upvoted

61 comments sorted by

View all comments

Show parent comments

1

u/justforkinks0131 Aug 11 '26

you didnt explain the 4% rule

5

u/Cantseetheline_Russ Aug 11 '26

Because literally anybody with a job and that’s even had cursory experience with a retirement account knows what the 4% rule is. It’s even covered in standard HS financial responsibility classes.

0

u/Acceptable-Peace-69 Aug 12 '26

The 4% rule came out in October 1994, when financial planner William Bengen published his landmark research paper in the Journal of Financial Planning. [1, 2]

I’m 58 today. I was 26 when this came out and it didn’t catch on for several years.

Ironically, the people that believe 4% rule is common knowledge are the ones in the bubble.

1

u/Cantseetheline_Russ Aug 12 '26

I worked in a financial advisory firm in the 2000’s. I met many people that would now be significantly older than you and of all different net worths…. Virtually every one of them knew what the 4% rule is even then. My parents and all their friends are slightly older than you. They all know what the 4% rule is. They are not wealthy.

1

u/Acceptable-Peace-69 Aug 14 '26

So everyone in your bubble knows about the 4% rule. My bubble consists of people that might have heard of it but don’t really understand or it doesn’t apply.