References
zbib.org/37315fd951f3402c8baaba6f64076fe7
Anarkulova, A., Cederburg, S., & O’Doherty, M. S. (2021). Long-horizon losses in stocks, bonds, and bills. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3964908
Anarkulova, A., Cederburg, S., & O’Doherty, M. S. (2023). Beyond the status quo: A critical assessment of lifecycle investment advice. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.4590406
Anarkulova, A., Cederburg, S., O’Doherty, M. S., & Sias, R. (2025). The safe withdrawal rate: Evidence from a broad sample of developed markets. Journal of Pension Economics and Finance, 1–37. https://doi.org/10.1017/S1474747225000010
Estrada, J. (2016). The retirement glidepath: An international perspective. The Journal of Investing, 25(2), 28–54. https://doi.org/10.3905/joi.2016.25.2.028
Estrada, J. (2019). The bucket approach for retirement: A suboptimal behavioral trick? . The Journal of Investing, 28(5), 54–68. https://doi.org/10.3905/joi.2019.1.093
Merton, R. C. (1969). Lifetime portfolio selection under uncertainty: The continuous-time case. The Review of Economics and Statistics, 51(3), 247. https://doi.org/10.2307/1926560
Learn about amortization based spending from economist Ben Mathew on the Rational Reminder podcast: The Lifecycle Model vs. Safe Withdrawal Rates (SWR) - youtube.com/watch?v=-2Ul4bdHkXE
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I do use the bucket approach to cover yearly expenses.
Portfolios are variable, trying to force constant returns from a variable asset can cause problems.