Safe Withdrawal Rates – ERN #9 (Extras)
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With regards to ERN’s Article 26 and the summary above on Flexibility, ERN and I had a recent discussion on this topic – see later comments to ERN’s SWR post #25 – and concluded that, as modelled by ERN, an individual needs to “find” about 2.5-3.0 times annual consumption of “flexibility” in the form of lower consumption, work or cash buffer. How people come up with it is up to individual preferences. If an individual cannot generate this much “flexibility” then they may well may need to cut back / work for many more years.