What Is The ‘Floor & Ceiling’ Retirement Spending Strategy?
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.
Pfau, Wade D. PhD, "What Is The ‘Floor & Ceiling’ Retirement Spending Strategy?" (2016). Faculty Publications. 623.