In the News

Title

Who’s Afraid to Know the True Safe Withdrawal Rate?

Document Type

Article

Publication Date

8-9-2016

Abstract

I wrote last week about a recent article in the Wall Street Journal (What Is the Sustainable Spending Rate for Retirees in 2016?) by Wade Pfau that adopts my suggestion (from 14 years ago) that a valuation adjustment be included in safe withdrawal rate calculations while also tweaking the concept a bit so that the new calculations cannot be compared directly with the old, discredited ones (Wade calls his new version of the concept “Sustainable Spending Rates”).