I just heard this discussed on NPR and thought I'd share it. Basically, this study says that if you have 20% in stocks in the beginning of retirement (as opposed to 50% or 60%) that your money will actually last longer. I don't agree with this, but I wanted to share the link for anyone interested in reading it.
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If a fairly straightforward issue like this cannot be got right the first several years, or even the first time it was sold publically, why trust whatever is the newest idea to hatch in the minds of the same sort of people who have been confidently telling us how to do it for years and years?
One too many "Ifs" in the article with no real focus on how to determine longevity of savings and other income vs retirement budget prior to retirement. Firecalc and other retirement budgeting tools might be useful here. But then that wasn't the purpose of the article.
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