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In the summer Voyager 2005 edition of The Vanguard, there was a case study on long term care in which the persons in the study, 65 and 61 years old, were told by a Vanguard Asset Management Services Manager, Ms. Rhoads, that they could safely withdraw $94000 per year over a 30 year period from an initial portfolio of $1200000. Thats 7.8% per year.
I have run the numbers through Firecalc, with and without SS, and can not see how a 7.8% withdrawl rate is possible. Can any one explain this to me. I have Emailed The Vanguard but got no response.
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