Taking Portfolio Spending Out Of The Vacuum For Retirees
I would like to address one further aspect of the research on sustainable spending rates before moving to another topic. The Trinity study established the idea of focusing on success and failure rates, building into our psyche the idea that your retirement is a failure if the investment portfolio is depleted.
Pfau, Wade D. PhD, "Taking Portfolio Spending Out Of The Vacuum For Retirees" (2017). Faculty Publications. 789.