Why a PhD from MIT Thinks the 4% Rule Is Too Cautious

A rare book, a PhD economist, and a smarter way to spend

I was deep in research one night when I came across a strange little book I'd never heard of before.

It wasn’t a bestseller. It wasn’t trending on Twitter. It wasn’t even from a well-known publisher.

But what caught my attention was the author’s background.

Gordon B. Pye earned a BS in Chemical Engineering and later a PhD in Economics from MIT. He became a…