Market Gyrations And Retirement Spending Volatility
Wade D. Pfau
Depending on where you are in the lifecycle, you likely will be better served managing savings or managing spending than managing the volatility of returns.
Over a 30-year retirement, changes in interest rates and inflation can cause wide swings in the cost of retirement - the ever-changing present value of all future expenses.
Lonier, Michael, "Market Gyrations And Retirement Spending Volatility" (2016). In the News. 1507.