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No mention of SWR
Old 05-02-2008, 01:48 PM   #1
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No mention of SWR

Ask the Expert - Money Magazine Can you retire by 55?

Is he really an expert? I think the person asking the question would be better of asking here? What do you think?

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Old 05-02-2008, 02:06 PM   #2
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I think it is a pretty good article. Perhaps he should have mentioned SWR and asset allocation. I have never used that Fidelity retirement income planner (linked in the article) but I would bet that it makes it's numbers up based upon what it thinks is a good SWR for whatever portfolio information the individual plugs into it. Many of us here like to think in terms of an SWR around 4%. That is fine US with our deversified portfolios. What about the individual who is deathly afraid of the market and has every penny invested in MM accounts? Seems like a really lousy financial plan and it results in an estimated SWR far below 4%.

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Old 05-02-2008, 02:17 PM   #3
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I agree, good article. Given the sketchy information given, the answer is appropriate........ suggestions for further reading, research, references and a little pat on the back that they're off to a good start.

jclarksnakes...... agree with your observation that throwing the rule of thumb 4% SWR around can be dangerous. That number implies a pretty specific set of investment circumstances that need to be understood before taking it to the bank!
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