New Research on How Much Clients can Spend in Retirement
A major problem remains unsolved in the discipline of financial planning: How should clients adjust their spending patterns in response to changes in the value of their retirement portfolios? The original research on this topic was based on a fixed percentage of assets, adjusted for inflation. Numerous refinements to that model have been proposed, and I will look at how the updated models can help clients maintain their desired standard of living without depleting their assets.
Pfau, Wade, "New Research on How Much Clients can Spend in Retirement" (2013). Faculty Publications. 144.