There is a lot of talk about safe rates of withdrawal. I would venture to opine that discussions on the safe rates of withdrawal in this blogosphere are enough for more than a lifetime! I think the problem with this train of discussion is that we don't spend enough time discussing the opposite of a safe rate of withdrawal and taking a leaf off Charlie Munger's page, I wish to invert this topic so that we can glean some insights on retirement planning. Today I want to talk about why I prefer unsafe withdrawal rates and why most readers should agree with me more than anyone asserting a safe option. Specifically, an unsafe withdrawal rate applies to an intermediate investor who builds a decent dividends portfolio and spends about the current yield annually. In today's market, if you successfully replace your expenses with dividends, you may withdraw about 6-6.5% of your portfolio, which...