Johnston, Ken; Hatem, John; Carnes, Thomas; Kosedag, Arman - In: Managerial Finance 45 (2019) 12, pp. 1509-1525
Purpose: The purpose of this paper is to compare simple dynamic withdrawal strategies with the static withdrawal method, examining not only failure rates and ending wealth but also spending. All withdrawal strategies are adjusted for the Internal Revenue Service’s (IRS) required minimum...