tag:blogger.com,1999:blog-6167053228142922997.post3052717786398601965..comments2023-10-30T11:57:40.433-04:00Comments on Wade Pfau's Retirement Researcher Blog: Japan 1990 --- A Black Swan for Retirees? No.Anonymoushttp://www.blogger.com/profile/04168922717655562721noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6167053228142922997.post-4767104892954163982011-11-17T17:48:09.526-05:002011-11-17T17:48:09.526-05:00Brad,
Thanks. I made a new post with an answer:
...Brad,<br /><br />Thanks. I made a new post with an answer:<br /><br />http://wpfau.blogspot.com/2011/11/length-of-retirement-and-safe.html<br /><br />Best wishes, WadeAnonymoushttps://www.blogger.com/profile/04168922717655562721noreply@blogger.comtag:blogger.com,1999:blog-6167053228142922997.post-13170393833401083612011-11-17T11:48:15.482-05:002011-11-17T11:48:15.482-05:00Wade - thanks for this post. I know it's stil...Wade - thanks for this post. I know it's still a work in progress but it's the first chart I've seen that shows MSWR for a 15 year retirement. I'm a Financial Planner that focuses on retirement income planning for my clients. Most research (Bengen, Kitces, etc) shows 30 year SWR's. But I recently had a client in his late 70's come to me to discuss retirement income. Seems like a 4% SWR would be inappropriate for someone with what could be a less-than-30 year lifespan. Michael Kitces and I emailed about this and he mentioned that even he hadn't done (or seen) the research on 15 - 20 year SWR's. Which brings me to my point: as a client ages and their retirement timeline moves from 30 to 20 to 10 years, the SWR should (I think) be raised to counter the effect of a declining lifespan. I, for one, continue to focus on a 4.5% - 5% SWR (I use Bengen's research plus Cuts/Freezes/Raises advocated by Guyton & Klinger) even when a client is in his/her 70's/80's. But, that doesn't "seem" right. Anyhow, thanks for letting me spill my thoughts and thanks for your research on this subject. I've subscribed to get your updates via email. <br /><br />Best,<br /><br />BradBradhttp://www.dwa-sd.comnoreply@blogger.com