In this episode we, ahem, "address" a recent attempt by Morningstar to predict the future returns and performance of markets for the next 30-40 years using a bag of crystal balls and their conclusions about safe withdrawal rates.

Links: 

The Report in Question:  State-of-retirement-income.pdf (morningstar.com)

The Data They Should Have Been Using:  Diversification_Landscape_033021v2.pdf (morningstar.com)

The Track Record Of These Methodologies According To Morningstar:  Your Forecasts for Stock and Bond Returns  (2011)| Morningstar

And a nice tax advisor:  The FI Tax Guy (Sean Mullaney)– Tax, Financial Independence, and Fun

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