Bills for the Bonds You Choose
In his October 2015 retirement planning column for the Journal of Financial Planning, Jonathan lifts up an important-but-little-noticed result in 2014 research by Michael Kitces and Wade Pfau. Perhaps surprisingly, higher sustainable withdrawal amounts are possible with fixed income portfolios comprised of Treasury Bills than intermediate-term U.S. Government Bonds. Still more important is understanding why correlations matter more than yield.
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