I don't think he was implying that you CAN'T draw in a down year, but that if you want your money to last a lifetime then it would be better for you to not draw at all in that year, or if you did, to draw a lesser amount. Most likely if you have other assets to pull from or can sell something or do something creatively frugal and get by w/just SS or something like a pension program or annuity, then that would be the best in a down market for the overall long-term 'last a lifetime' scenario.
Again, I think he was implying - If you didn't adjust up for inflation one year because the market was down, and just took the amount you took the year before in an effort to be sure your capital still has enough 'oompf' & volume to continue earning dividends, capital gains, interest, etc.
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