The Actuarial Approach and Withdrawal Policy Statements--Its in There!

In his February 26 post, Michael Kitces encourages the use of a written Withdrawal Policy Statement to ensure that retirees have a plan for dealing with market declines.

The Actuarial Approach described in this website automatically adjusts spending not only for market declines (or spending more than the budget) but also for favorable experience (or spending less than the budget).  So like the slogan in the old Prego commercial goes--"Its in There!"