Review Detail

Given the time David had, I think he did a good job and is helping us with younger clients. He glosses over some of the trade offs with using a simple approach. In bad periods, clients could go years with no inflation increase which would have a major impact on their lifestyle. Not having the flexibility or knowledge to change the probabilities to a 25 or 35 year retirement period is a real issue. Not being able to adjust spending over time is also a big deal for some clients.