Investors Fall Victim to an Anchoring Bias when they Fail to Quantify the Effects Of Overvaluation
October 01, 2018 at 06:15 AM EDT
I stirred up some controversy when I said in a May 13, 2002, post to a Motley Fool retirement planning board that it is not possible to calculate the safe withdrawal rate accurately without taking into consideration the valuation level that applies on the day the retirement begins. One of the first...