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Using Multiple 'Data Points' to Determine How Much You Should Spend
Ken Steiner, FSA Retired
Nov. 21, 2016
"[While] the development of a reasonable spending budget is an important part of an individual's spending decision process, it is but one 'data point' of several that may be considered.... [O]ther possible data points that may also be useful in your spending decision process[:] Applying the ABC ... The ABC with recommended assumptions ... ABC run-out tabs ... ABC 5-year projection tab ... Historical record ... Your gut instinct."
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