whidbey

Using Dynamic Withdrawal Policies with Retirement Portfolios

I looked at your site and read over your literature. I think it meets my concerns for flexibility and the RMD problems. I currently use Financial Engines Monte Carlo which is OK but nothing to shout about, and some of the Mathematica 7 modeling tools for case studies for clients. Most of my clients have very large estates and we model of the whole thing for them, if we can. Both of the sets we are using are more powerful than yours, but I hope that interested people will given yours a shot ;the are certainly priced right. BTW the piling problem is solved relative easily and it should be fixed since the size limits on models appear to be unattractive. Good going and nice work.

Using Dynamic Withdrawal Policies with Retirement Portfolios

Your work does not seem to note the Required Minimum Withdrawal for the retired person. It removes increasing amounts each year, at about 4 or 5% per year, if earnings are not close to the RMW (as they have not been in recent years) the portfolio depletes rapidly. The taxes on the RMW are taxed at ordinary income tax levels which can reach 8% in some Fed/State jurisdictions.

Thanks for the software access, I will take advantage.