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How Conservative Are Your Planning Assumptions About the Future?
Ken Steiner, FSA Retired Link to more items from this source
May 20, 2020

"[W]hile current interest rates are indeed very low, we are picking assumptions for a 25–30-year period in the future and the actuarial process is self-adjusting, so future spending budgets will be automatically reduced if assumptions employed today are too optimistic (and vice versa if assumptions are too conservative).... The net effect of using our default assumptions is to produce much lower (more conservative) current spending budgets and higher present values of essential expenses than would be produced if you overrode our default assumptions with the Social Security assumptions."

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