Transcription
I'll give you an example. What's not stacking income is if you're a financial advisor that manages your non-annuity assets, stocks, etc.
If they say to you, "Well, let's forget Stan and his crazy baseball caps and his logo gear. Forget him. Let's just manage the money and then I'll just peel off 4% and you can just have the income that way."
That person's either young and they've never seen a down market, or they're stupid. Because that 4% rule has been disproven by so many academics, academicians, and me. That doesn't work.
My comment to that, well, you know, I know we're in a bull market at the time of this taping and people are, "Well, it's just going to keep going up, son. It's an AI thing." Okay, whatever.
What if we're down 20% one year and you still got to take the 4% out? Boy, you got to have a good year next year, right? It's dumb.
And for any advisor out there that's managing your assets to say that and to actually believe that it will work, they're crazy.