What is the 3% withdrawal rule?
Could you please explain to me the concept of the 3% withdrawal rule in the context of cryptocurrency investments and finances? I'm curious to know how it works and why it's considered a wise approach when managing one's digital assets. Is it a strategy that investors should always follow, or are there specific circumstances where it might not be applicable? Thank you for your insights.
What is the 7% withdrawal rule?
Can you please explain what the 7% withdrawal rule is in the context of cryptocurrency and finance? I'm curious to understand how this rule is applied and what its purpose is. Is it a commonly accepted strategy among investors, and how does it help manage risk and ensure long-term financial stability? Additionally, are there any potential drawbacks or limitations to using this rule that investors should be aware of?