Why the 5% Rule is the New 4% Rule
Overall, retirees don’t spend enough in retirement as it is. This underspending has been documented both in the U.S. and in Canada.
“After working in litigation consulting/data analytics for 5 years, I decided to start a personal finance blog. Michael Batnick was one of my first 20 Twitter followers, and we eventually met at EBI East in November 2017. We quickly realized that Ritholtz needed someone to help with scaling operations and data science. I pitched them on my vision and the rest is history.”
“I love the fact that I’m using what I love (programming) to improve the experience for our clients and help them achieve their goals. It’s also nice that I get to work with like-minded individuals where I can be myself. I am a huge proponent of cultural fit, and the values practiced by Ritholtz resonate with me.”
“I spend a lot of time reading, seeing friends, and with my wife in Jersey City, where we live.”

Overall, retirees don’t spend enough in retirement as it is. This underspending has been documented both in the U.S. and in Canada.
There’s something happening to the upper middle class in the United States that no one is talking about. They are going through an existential crisis.
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