Reflecting on Heuristics
Steve Shu Consulting
MAY 18, 2017
What type of risk analysis have you done? For example, people often talk about a 4% drawdown rule/heuristic for using your wealth at retirement (e.g., use up 4% of your wealth each year). But one has to remember that using up your wealth is essentially an irreversible process. What happens if you live 40 more years?
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