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Just How Safe are ‘Safe Withdrawal Rates’ in Retirement? Cover

Just How Safe are ‘Safe Withdrawal Rates’ in Retirement?

By: Michael E. Drew and  Adam N. Walk  
Open Access
|Mar 2024

References

  1. ASFA (Association of Superannuation Funds of Australia). (2013). ASFA Retirement Income Standard (June Quarter), Sydney.
  2. Basu, Anup, Doran, Brett, and Drew, Michael E. (2012). Sequencing Risk: A Key Challenge to Sustainable Retirement Incomes, Finsia (Financial Services Institute of Australasia), Sydney.
  3. Basu, Anup and Drew, Michael E. (2009). Portfolio size and lifecycle asset allocation in pension funds, Journal of Portfolio Management, vol. 35, no. 3, pp. 61-72.
  4. Bengen, William P. (1994). Determining withdrawal rates using historical data, Journal of Financial Planning, vol. 7, no. 4, pp. 171-180.
  5. Bengen, William P. (2006). Baking a withdrawal plan ‘layer cake’ for your retirement clients, Journal of Financial Planning, vol. 19, no. 8, pp. 44–51.
  6. Cooley, Philip L., Hubbard, Carl M. and Walz, Daniel T. (2011). Portfolio success rates: Where to draw the line, Journal of Financial Planning vol. 24, no. 4, pp. 48-60.
  7. Dimson, Elroy, Marsh, Paul, and Staunton, Mike. (2012). The Dimson-Marsh-Staunton Global Investment Returns Database, Morningstar Inc.
  8. Drew, Michael E. and Walk, Adam N. (2014). How Safe are Safe Withdrawal Rates in Retirement? An Australian Perspective, Finsia (Financial Services Institute of Australasia), Sydney.
  9. Drew, Michael E., Walk, Adam N. and West, Jason. (2015) Conditional Allocations to Real Estate: An Antidote to Sequencing Risk in Defined Contribution Retirement Plans, Journal of Portfolio Management, vol. 41, no. 6: pp. 82–95.
  10. Harris, John. (2009). Market cycles and safe withdrawal rates, Journal of Financial Planning, vol. 22, no. 9, pp. 38-48.
  11. Pfau, Wade D. (2010). An international perspective on safe withdrawal rates: the demise of the 4 percent rule? Journal of Financial Planning, vol. 23, no. 12, pp. 52-61.
  12. Pfau, Wade D. (2011). Can we predict the sustainable withdrawal rate for new retirees? Journal of Financial Planning, vol. 24, no. 8, pp. 40-47.
  13. Scott, Jason S., Sharpe, William F., and Watson, John G. (2009). The 4% rule – at what price? Journal of Investment Management, vol. 7, no. 3, pp. 31-48.
  14. Spitzer, John J. (2008). Do required minimum distributions endanger “safe” portfolio withdrawal rates? Journal of Financial Planning, vol. 21, no. 8, pp. 40-51.
  15. Spitzer, John J., Strieter, Jeffrey C., and Singh, Sandeep. (2007). Guidelines for withdrawal rates and portfolio safety during retirement, Journal of Financial Planning, vol. 20, no. 10, pp. 52-59.
DOI: https://doi.org/10.2478/fprj-2015-0002 | Journal eISSN: 2206-1355 | Journal ISSN: 2206-1347
Language: English
Page range: 22 - 32
Submitted on: Jul 14, 2015
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Accepted on: Oct 28, 2015
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Published on: Mar 17, 2024
In partnership with: Paradigm Publishing Services
Publication frequency: 2 issues per year

© 2024 Michael E. Drew, Adam N. Walk, published by Financial Advice Association of Australia
This work is licensed under the Creative Commons Attribution 4.0 License.