Decision Rules and Maximum Initial Withdrawal Rates

Guyton, Jonathan T.; Klinger, William J.
March 2006
Journal of Financial Planning;Mar2006, Vol. 19 Issue 3, p48
Academic Journal
The article presents an analysis of maximum initial withdrawal rates from retirement savings The authors use stochastic (Monte Carlo) analysis to test the findings of co-author Jonathan Guyton in his article published in the "Journal of Financial Planning," October 2004. In this article, the authors also test different scenarios related to: length of retirement; inflation and the condition of the stock market; and the percentage of stock and mutual fund holdings that retirees possess.


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