Why I Choose Not to Follow the 4% Rule for My Retirement Savings

Critique of the 4% Rule: The author finds the 4% rule for retirement withdrawals too restrictive and prefers a more flexible approach that adjusts based on market conditions and personal spending needs.

Personal Financial Management: The author compares retirement savings management to their current freelance income, advocating for a withdrawal strategy that allows for increased spending during profitable years and reduced withdrawals during downturns.

Investment Considerations: The effectiveness of the 4% rule may vary based on individual investment portfolios, with conservative portfolios potentially unable to sustain such a withdrawal rate, while more aggressive portfolios might allow for higher withdrawals.

Tailored Withdrawal Strategies: The author emphasizes the importance of developing a personalized withdrawal strategy through careful analysis rather than strictly adhering to general rules, suggesting that individuals should consider their unique financial situations.