Safe Withdrawal Rate

Beware of Annuities	What is the Safe Withdrawal Rate For people in Retirement?	US Treasury Rates at a Glance
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"Determining Withdrawal Rates Using Historical Data" by William P. Bengen
Journal of Financial Planning, October 1994

Investment advisors make crucial recommendations to retiree clients concerning asset allocation as well as dollar amounts they can safely withdraw annually, so clients will not outlive their money. But too often advisors make recommendations based on long-term average returns and average inflation rates, which may not hold up because of short-term volatility or excess withdrawals. Historical investment data should be used as a rational basis for these recommendations.

"Achieving Sustainable Retirement Withdrawals: A Combined Equity and Annuity Approach."
by Craig Lemoine, David M. Cordell, A. William Gustafson
Journal of Financial Planning, January 2010

The article highlights how an equity portfolio with a fixed annuity component provides a higher change of maintaining retirement distributions than other alternatives.
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"Asset Allocation for a Lifetime" by William Bengen; Journal of Financial Planning, August 1996 : 58–67.

Following up his acclaimed October 1994 article in the Journal, "Determining Withdrawal Rates Using Historical Data," Bengen takes readers through three client scenarios and recommendations for the clients' retirement money management plans.

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