
The problem is that’s not a sustainable withdrawal rate. Also it’s 10% average before factoring in inflation, so I’m real dollars it’s close to 7% on average, but some years are a negative return, where you’re eating into the principle, and require a portion of the up years to make up for those.
An indefinitely sustainable withdrawal rate is closer to 3.5%.
Also the federal poverty line is horrendously out of touch.
And that’s literally how retirement accounts work, so it’s not really that fucked up a concept
I doubt they’re impressed, just disdainful if you don’t have one.