It’s a financial nightmare of nearly every retiree—not to mention their financial planner—that, despite their careful planning and adherence to the tenets of safe withdrawal rate research, their retirement date will turn out to be that “perfect storm” distribution period that ultimately runs out of money. And it has been suggested that by following a static withdrawal strategy with annual inflation adjustments and rebalancing, the millennial retirement date of January 2000 could ultimately be just that scenario.

Reprinted with permission by the Financial Planning Association, Journal of Financial Planning. For more information on the Financial Planning Association, please visit www.fpanet.org or call 1.800.322.4237.