Cut-Throat
Thinks s/he gets paid by the post
I do believe it is a good concept, but just not for me, plus not sure if one has a much higher equity allocation (even though covered in the choices), one would still be very comfortable in a 50% downturn.
Exactly, if you have a high equity allocation, the 50% downturn is a Big hit... Factor that with a smaller Withdrawal Rate and the money that you did not Withdraw from Stocks in the Up Market years is now pretty much gone forever. It evaporated in the Market Downturn. BTW - I worked with the Author of VPW over at Bogelheads during the Development Phase.