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Should Your Retirement Portfolio Withdrawals Vary With the Market?
We delve into the trade-offs associated with flexible withdrawal systems versus those that deliver steady cash flows.
William klinger
Jonathan guyton
More flexible withdrawals
Less flexible withdrawals
Equity valuations
Low bond yields
High bond yields
Fixed expenses from nonportfolio income sources
Social security
Income while working
Variable income stream
Stable income stream
Maximize lifetime spending
Bequest motive
Weak bequest motive
Certainty about not running
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