CRLLS
Thinks s/he gets paid by the post
A lot of talk here about less than 100% is good enough. That's OK for them. And a 100% success virtually guarantees that you will die leaving money behind. That is a given, not a possibility, assuming the calculators were right, the market does vary from past performances and we follow the "plan" throughout retirement. For me (us) 100% up to age 100 are the plan. Even then, we have padded our expenses a bit higher than we will actually spend. It is not a goal to spend our last dime. I can't imagine how horrible life would be when/if we reach 90+ yrs and have no money left to spend on a "good home".
Further, I don't understand why Bernstein "seriously backpedaled" from his earlier recommendation based on some people's decision to vary from their plan during the last downturn. That is on the individual person, not Bernstein's recommendation.
Further, I don't understand why Bernstein "seriously backpedaled" from his earlier recommendation based on some people's decision to vary from their plan during the last downturn. That is on the individual person, not Bernstein's recommendation.