Faculty Publications


What Does Spending Look Like In Poor, Great, And Average Retirement Conditions?

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With this overview of how the different variable spending strategies performed historically, it is worthwhile to put a bit more effort into understanding the relative performance of these strategies in different market environments.

Toward this end, I chose the years 1966 (poor retirement environment), 1982 (great retirement environment), and 1946 (average retirement environment) to demonstrate the evolution of spending and wealth with the strategies.