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Managing Your Spending in Retirement -- It's Not Rocket Science
Ken Steiner, FSA Retired Link to more items from this source
Sept. 1, 2014
"This is not a 'set-and-forget' process. You need to periodically [revisit this process] to reflect investment gains and losses, changes in assumptions, deviations of actual spending from the budget or other changes.... Under [the author's] smoothing algorithm, you generally increase your budget by the increase in inflation over the previous year unless your budget falls outside a 10% corridor around the 'actuarial value' produced by the spreadsheet. Depending on actual results, your budget may increase or decrease from year to year."

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