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It’s Worth Examining How Numerous Allocation Options Are Likely to Perform Over Numerous Time-Periods

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This is my third column commenting on a recent article published in the Wall Street Journal by Wade Pfau (What Is the Sustainable Spending Rate for Retirees in 2016?). The first column raised doubts as to whether Wade did the right thing by incorporating adjustments not only for valuations (which I of course see as a huge advance) but also for interest rates.