What Is The Sustainable Spending Rate For Retirees In 2016?
My previous discussion has focused on low interest rates without accounting for high stock market valuations. Exhibit 1 shows the type of risks created by the combination of high stock market valuations and low interest rates.
Pfau, Wade D. PhD, "What Is The Sustainable Spending Rate For Retirees In 2016?" (2016). Faculty Publications. 531.