About This Book:
Dr. Wade Pfau, a leading expert in retirement income planning, presents a rigorous, research-driven exploration of how retirees can sustainably manage their withdrawals:
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Explains the origins and limitations of the widely-used 4% withdrawal rule, including interest rate and market valuation considerations.
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Introduces the Four L’s of Retirement—Lifestyle, Longevity, Liquidity, Legacy—as a holistic framework.
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Compares probability‑based vs. safety‑first strategies, offering balanced guidance for adapting spending to changing markets.
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Advocates dynamic spending and bucketing, using bond ladders for near-term needs and equities for long-run growth .
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Incorporates Monte Carlo simulations, case studies, and tools for tailoring personal spending plans .
Product details:
- Publisher : McLean Asset Management Corporation (September 23, 2017)
- Language : English
- Paperback : 362 pages
- ISBN-10 : 1945640022
- ISBN-13 : 978-1945640025
- Item Weight : 1.07 pounds
- Dimensions : 6 x 0.82 x 9 inches
This book comes of great help to everyone the retirement issue is extremely important,it’s a must read