tag:blogger.com,1999:blog-6167053228142922997.post582520942685509131..comments2023-10-30T11:57:40.433-04:00Comments on Wade Pfau's Retirement Researcher Blog: Safe Savings Rates: A New Approach to Retirement Planning over the LifecycleAnonymoushttp://www.blogger.com/profile/04168922717655562721noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6167053228142922997.post-86949726528074301292011-02-24T23:56:03.354-05:002011-02-24T23:56:03.354-05:00This comment has been removed by the author.Anonymoushttps://www.blogger.com/profile/04168922717655562721noreply@blogger.comtag:blogger.com,1999:blog-6167053228142922997.post-54347064606852190852011-02-12T16:14:30.328-05:002011-02-12T16:14:30.328-05:00Your point appears to be that year-to-year investm...Your point appears to be that year-to-year investment returns are not independent. Savings rate can be considered an antithetic variable with smaller variance than withdrawal rate or wealth accumulation. However, I think you need to consider how a responsible human would behave. Would it be responsible for a 1921 to start withdrawing >9% and hope for good investment returns so they don't run out of money half way through retirement? Even if a study says they could have, would they really have the guts to do it? Maybe if they have a pension and/or government retirement benefits that would provide for their minimal retirement needs, this strategy would be appropriate for a portion of their investment that provide some bonus income for luxuries. But I don't see it being a viable strategy for someone to use for their needs.Anonymousnoreply@blogger.com