Safe Retirement Portfolio Withdrawal Rate as of April 2013
July 12, 2013 - Bonds, Equity Premium, Fundamental Valuation
What initial retirement portfolio withdrawal rate is sustainable over long horizons when, as currently, bond yields are well below and stock market valuations well above historical averages? In their June 2013 paper entitled “Asset Valuations and Safe Portfolio Withdrawal Rates”, David Blanchett, Michael Finke and Wade Pfau apply predictions of bond yields and stock market… Keep Reading