bilperk:

The safest WR for MFs  is equal to or less than the "yield" of your portfolio the year before including dividends, interest, and CGs.

For funds like Wellesley, Wellington, and DODBX this has averaged between 6-7% over the last 20 years with moderate principal growth.  If you only need 4%, then you will have better principal growth and a growing yield.

Yes, it will be higher some years and lower others.

best,

Bill

Bill,

I would agree with your premise for funds like Wellesley, Wellington, and DODBX, but would disagree with you for funds like ADVDX or closed end funds like BLU that have a managed distribution policy.

helmut