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Continuing Saga of So-Called 'Safe Withdrawal Plan' -- Good News, Bad News
Ken Steiner, FSA Retired
[Opinion] Apr. 14, 2017
"[T]he good news in this research is that: it is a mistake to view portfolio withdrawals in isolation from other sources of income (as is the common practice), and risks retirees face in retirement can be mitigated by investing in guaranteed lifetime income sources and using dynamic rather than static spending strategies. The bad news ... is that Dr. Blanchett is even talking about utilizing safe withdrawal strategies with the implication that there are still financial planners out there who continue to use such strategies for their clients."
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