New Research Challenges 4% Withdrawal Rule
For many readers, the phrase "utility maximization" may conjure up undesirable flashbacks to their principles of economics course in college. Any efforts to reconnect with those ideas would also be stymied by online searches that mostly turn up equation-heavy treatises with very little intuition. But when it comes to retirement planning, this concept is much more important and less boring than it sounds.
Pfau, Wade, "New Research Challenges 4% Withdrawal Rule" (2012). Faculty Publications. 166.