William Bengen, the creator of the
Why the change of heart? Low inflation.
Bengen’s initial assumptions were that inflation would run close to its historical norm of 3%. But given the ultra-low levels of inflation that prevailed for much of the past decade, his view was that a higher starting withdrawal, combined with smaller annual adjustments thereafter, would likely be sustainable. But he added a caveat: “We won’t know for 30 years, so I can safely say that in an interview.”
Fast forward half a year and the possibility of
higher inflation is a hot topic, thanks to the prospect of a diminished coronavirus, an ascendant economy, and massive amounts of government stimulus.
It’s been almost a year since we’ve had police beat, but it’s back and better than ever, folks. The semester is well under way, along with all of our favorite college campus antics. On a more serious note before we get into the entertainment, six reports were made for vehicular break-ins during the week of Jan. 18, three of them being on a single day. Make sure to lock your cars and be weary of keeping valuables inside.
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