Faculty Publications

Title

Floor And Ceiling Retirement Spending, With A Twist

Document Type

Article

Publication Date

10-25-2016

Abstract

In a 2013 article, a Vanguard research team headed by Colleen Jaconetti developed an alternative form of the floor-and-ceiling spending rule that relies on percentages rather than hard dollar amounts.

With their framework, the ceiling refers to a maximum percentage increase in spending each year, while the floor refers to a maximum percentage drop in spending for each year.