The Pros And Cons Of Rising Equity Glide Paths In Retirement
A common assumption for withdrawal rate studies is that the asset allocation remains fixed throughout retirement and is rebalanced to the targeted allocation every year.
For this discussion, we will relax the assumption that retirees maintain the same fixed asset allocation throughout their retirements.
Pfau, Wade D. PhD, "The Pros And Cons Of Rising Equity Glide Paths In Retirement" (2017). Faculty Publications. 775.