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

The Rational Reminder Podcast

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The Dynamic Spending Rule

The vast majority of research out there, great research, it would never actually work in a financial planning software. Problem with the rules is they're usually based upon a portfolio that exists with no uneven cash flows. So what happens if you retire at 60, you claim your public pension at 65, your wife retires at 70, you have a deferring company that kicks in at 85? That'll break the vast majority of existing dynamic rules to figure out safe controls. And I don't think we have a retirement crisis. We have our time at savings prices.

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