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

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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”).