The Big Financial Stretch:
Preparing for Those Later Decades
Knowledge@Wharton (December 06, 2010)
Good article. Two comments:
The article asks (but does not
answer) the question, "How much is enough for retirees to live on?"
I hope that visitors to this site realize that they can use the simple
spreadsheet to "back into" how much accumulated savings they will
need to produce their desired level of real annual income in retirement.
This is another article that raises
concerns about the 4% Withdrawal rule. "Critics say such guidelines
should not be blindly followed. The 4% rule 'just doesn't work' when
investments are tumbling, says Stezfand [Director of Financial Security] of
AARP."
