More than 4% withdrawals is dangerous? I don't get it. The NYSE has returned about 11% since 1926. Surely a portfolio of S&P500/Investment grade bonds has returned in excess of 4% since 1926.
Mr. Burn's position results in an account balance greater at death than when withdrawals started.
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[This message has been edited by jlf (edited 09-09-1999).]