I’ve posted Entry #102 to my weekly Beyond Buy-and-Hold column at the Out of Your Rut site. It’s called Retirement Warning: The Safe Withdrawal Rate Is NOT a Fixed Number.
Juicy Excerpt: Why is there no consensus? It’s not that there’s not a mountain of research supporting the New School approach to SWR analysis. There’s a mountain. The trouble is that the results you get when you perform the analysis are so darn shocking that a good number of prudent people just cannot get behind the idea.