Conserving Client Portfolios During Retirement, Part IV

Bengen, William P.
May 2001
Journal of Financial Planning;May2001, Vol. 14 Issue 5, p110
Academic Journal
The author presents new findings in his ongoing research into asset allocation and withdrawal rates during retirement .The goal, as in earlier articles in this Journal, is determining how much a client can extract from his or her portfolio annually without running out of money during lifetime. This article explores alternative withdrawal strategies: (1) a "Prosperous Retirement" model--larger withdrawals early In retirement-- and (2) a performance-based model--relating withdrawals to portfolio performance.


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