Hello All,
I'm working on my retirement modeling and have a few questions.
1. Do links exist showing a poll of what percent of members use the Constant Spending Level option vs. the Bernicke's model? The former seems quite conservative and seems to be a worst case condition. The latter model gives a higher Spending Level. Or do members take an average of somewhere between the two? There's a big difference between the two results.
2. What inflation factor do most members use (eg 3%, 4%, CPI)?
3. What is the number of years used for retirement ( eg 30 years, 35 years)?
Thanks.
I'm working on my retirement modeling and have a few questions.
1. Do links exist showing a poll of what percent of members use the Constant Spending Level option vs. the Bernicke's model? The former seems quite conservative and seems to be a worst case condition. The latter model gives a higher Spending Level. Or do members take an average of somewhere between the two? There's a big difference between the two results.
2. What inflation factor do most members use (eg 3%, 4%, CPI)?
3. What is the number of years used for retirement ( eg 30 years, 35 years)?
Thanks.