Chuckanut
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
It looks like new assumptions are changing the recent view on equity glide paths.
To Rise or Not To Rise: Stock Allocation During RetirementWith a 4% withdrawal rate, he finds that declining equity glidepaths in retirement support higher probabilities of success than fixed equity glidepaths, which in turn supports higher probabilities of success than rising equity glidepaths. This finding contrasts with an earlier 2007 article he wrote