Faculty Publications

Title

What Is The 'Floor & Ceiling' Retirement Spending Strategy?

Document Type

Article

Publication Date

10-18-2016

Abstract

In a 2001 article, William Bengen offered a new balance between the constant amount and fixed percentage strategies with his “floor and ceiling” spending approach.

This method begins by applying the fixed percentage rule, which allows greater spending when markets are up and forces spending reductions when they are down.