Phil discusses why relying on “rule of thumb” fixed withdrawal rates in retirement doesn’t align with the reality with a household’s changing needs over time. A case is presented that illustrates how the emergent withdrawal rates change based on a customized needs-based plan.
Tom showcases a new feature that allows excess income in the final year of the plan, most often resulting from the modeling of life insurance proceeds, are now illustrated in various Ending Balance figures around the editor and reports.