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any comment on Michael MCClung and his book for asset drawdown in retirement?
catch....thanks for your prompt reply! above is a link to a M* bogleheads dicussion from a few years ago.
chapter 3 of the free link of the first 3 chapters of the book is the most crucial to get the gist of what McClung has studied to be a way of providing a reasonably probable MSWR for varying projected years of retirement.
i understand his concepts with a layman's knowledge,and my library has been able to get me a copy of 'LIVING OFF YOUR MONEY'
what i'm curious about is if any of the MFO community know of McCLUNG's study,and possibly have any experience w/ using his concepts for establishing stock/bond allocations,withdrawal patterns, and various asset allocation breakdowns.(us/intl/lc/mc/sc/ growth/ value/bond choices/etc)
it is fairly complex, not a simple strategy.........and he does provide a remarkable trove of research to support his premises.
i'm most curious to know if anyone has familiarity/opinions re his work, and how his credentials/work have been received.
Comments
A complex question that would involve at least several common scenarios based upon needs, and money sources at retirement.
Sorry, that I don't have time now to read more about this, or provide anything of value to submit.
Regards,
Catch
catch....thanks for your prompt reply!
above is a link to a M* bogleheads dicussion from a few years ago.
chapter 3 of the free link of the first 3 chapters of the book is the most crucial to get the gist of what McClung
has studied to be a way of providing a reasonably probable MSWR for varying projected years of retirement.
i understand his concepts with a layman's knowledge,and my library has been able to get me a copy of
'LIVING OFF YOUR MONEY'
what i'm curious about is if any of the MFO community know of McCLUNG's study,and possibly have any experience
w/ using his concepts for establishing stock/bond allocations,withdrawal patterns, and various asset allocation
breakdowns.(us/intl/lc/mc/sc/ growth/ value/bond choices/etc)
it is fairly complex, not a simple strategy.........and he does provide a remarkable trove of research
to support his premises.
i'm most curious to know if anyone has familiarity/opinions re his work, and how his credentials/work have been received.
thanks again,
tony
a lot of useful info there to study and understand.