Faculty Publications

Title

Retirement Income Planning Should Focus On Saving, Not Withdrawing

Document Type

Article

Publication Date

7-19-2016

Abstract

In my last article, I discussed “safe savings rates.” The following case study illustrates the safe savings rate concept using someone saving for retirement during the final thirty years of her career, and she earns a constant real income in each of these years. A fixed savings rate determines the fraction of this income she saves at the end of each of the thirty years.