gcgang
Thinks s/he gets paid by the post
- Joined
- Sep 16, 2012
- Messages
- 1,571
https://www.jpmorganfunds.com/blobcontent/13/504/1323375360677_RI-DYNAMIC.pdf
Above link to a JP Morgan " white paper" advocating a " dynamic" approach to withdrawal rates.
Not sure I understand it all. Would be interested in others opinions.
Makes some interesting points, among them:
Money has more "utility" when you are younger than when you are older.
Focusing exclusively on possibility of failure causes one to overlook how you may best utilize your money over your remaining one life to live.
The conventional Bengen 4-4.5% withdrawal rate, set when you retire and to be followed for the rest of your life, does not correspond to how people actually behave.
Above link to a JP Morgan " white paper" advocating a " dynamic" approach to withdrawal rates.
Not sure I understand it all. Would be interested in others opinions.
Makes some interesting points, among them:
Money has more "utility" when you are younger than when you are older.
Focusing exclusively on possibility of failure causes one to overlook how you may best utilize your money over your remaining one life to live.
The conventional Bengen 4-4.5% withdrawal rate, set when you retire and to be followed for the rest of your life, does not correspond to how people actually behave.