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- Title
ARE SAFE WITHDRAWAL RATES REALLY SAFE?
- Authors
Tresidder, Todd R.
- Abstract
Retirees in 1921, 1966, and 2010 have little in common. Each faced a different life expectancy and invested in a different economic climate with varying inflation expectations, interest rates, and market valuations. These dates weren't chosen at random: one had the highest safe withdrawal rate in recorded history, the other the lowest, and the third barely survived the ravages of inflation. Each of these three retirees lived through dramatically different economic times, yet according to conventional wisdom they all share the same safe withdrawal rate in retirement—roughly 4% according to traditional retirement withdrawal methodology (e.g. Bengen, 1994).
- Publication
Journal of Personal Finance, 2012, Vol 11, Issue 1, p113
- ISSN
1540-6717
- Publication type
Academic Journal