I’ve posted Entry #104 to my weekly Beyond Buy-and-Hold column at the Out of Your Rut site. It’s called How Much Do You Pay for Various Improvement to Your Retirement Plan?
Juicy Excerpt: There are lots of possible changes you might want to make to this plan to suit your personal preferences. You might want to be sure to have money to leave to heirs when you die (that’s the change we examined in last week’s column). You might want to take out more money each year and still have a reasonable chance of seeing your plan work out. You might want to be able to retire at a time when valuations are higher than fair-value levels. You might want to go with a higher or lower stock allocation. You might want to assume a better or worse return on your non-stock assets. I’ve looked at ten possible changes to the scenario I described above and report below on how each of those changes affects the amount you will take out of the portfolio to live on each year.