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David Blanchett: Regret Optimized Portfolios, and Optimal Retirement Income (EP.254)

The Rational Reminder Podcast

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The Importance of Aggregating Results

The key is how you aggregate them. It's not, it's not a one or a zero. It's like a 0.9 or a 0.7 or a 1.3. So I don't think telling someone that there's a 90% success rate really helps them make better choices. Because in reality, they're in really good shape. Nobody wants to see a bunny on a plane crash. That would just be terrible right? Terrence: How do first year safe withdrawal rates change when you do 30 years plus 35 years of planning? And why now is more important than ever for advisors to incorporate dynamic spending and utility into their plans.

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