I have this intuition that withdrawal rates are far more important than asset allocation. Whether you withdraw 3% versus 4% is far more important than whether you have an 80/20 portfolio versus, say, a rising equity glidepath.

But how to test that intuition? How to quantify it and puts some bounds on it? Is having a “good” asset allocation (whatever that means) more important that going from 4% withdrawals to 3.9% withdrawals?

When I say “going from 4% withdrawals to 3.9% withdrawals” there are two ways to think about. One, sure, we can find a way to cut our spending…

EREVN

Learn how to enjoy early retirement in Vietnam. With charts and graphs.

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