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As individuals we only have one obligation to society: to ensure we, and our children, are not a burden to others. The rest is our personal choice. Make your own and make the world a far more interesting place.
Withdrawing 3% or less annually is as near a sure bet as anything in this life can be. Stray much further out than 7% and your future will include dining on dog food.
Before you start trying to pick individual stocks and/or fund managers ask yourself this simple question: “Am I Warren Buffett?” If the answer is “no”, keep your feet firmly on the ground with indexing.
The three tools: 1. Stocks: VTSAX ( Vanguard Total Stock Market Index Fund) - a wealth builder 2. Bonds: VBTLX (Vanguard Total Bonds Market Index Fund) - an inflation hedge 3. Cash: VMMXX (Vanguard Prime Money Market Fund) - a deflation hedge
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