Jerry Recco
👤 SpeakerAppearances Over Time
Podcast Appearances
Okay.
I get the huge crash.
But using the format, I do not have $4 million.
Maybe you do.
But that number came to mind.
I do not.
But let's just say it was $4 million.
And let's say...
you were making 7% annually, and you decided I'm gonna pull out 7% annually so that on January 1st of 2028, I have the same amount of money that I started on January 1st, 2027.
Even if the stock market crashed, that's not going to zero.
You might lose 50% of your money, no doubt, maybe 70% of your money.
You're not gonna have zero.
That's not, even in 1929, did the stock market go down to zero?
No.
So I don't understand.
It's almost like you're pulling out the minimum.
And that's what I'm talking about, take out level.
But even with that, you're guarded against the crash, but you're still never touching the principle of the money.
It's really interesting.
This is what we pay taxes for.