Yesterday’s blog entry reported on an e-mail that I sent to academic researcher Wade Pfau on December 21, 2010. Wade was visiting family for the holidays at that time. So that series of e-mails came to an end. The topics discussed in it were picked up in subsequent e-mail discussions.
One separate discussion grew out of some matters brought up in the discussion thread referred to above. The focus of this discussion was a research paper that Wade prepared on safe withdrawal rates. Set forth below is the text of an e-mail that I sent to Wade on December 16, 2010, relating to his safe withdrawal rate research.