Making Sense Out of Variable Spending Strategies for Retirees
Pfau, Wade D., Making Sense Out of Variable Spending Strategies for Retirees (March 16, 2015). Available for download at SSRN: http://ssrn.com/abstract=2579123 or http://dx.doi.org/10.2139/ssrn.2579123 “Variable spending strategies can be situated on a continuum between two extremes: spending a constant amount from the portfolio each year without regard for the remaining portfolio balance, and spending a fixed …