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: The strategy relies on estimated future returns; if the market performs significantly worse than the model's assumptions, spending power could drop drastically. 5. Conclusion

: Explain that its primary goal is to maximize spending during retirement without the risk of prematurely depleting the portfolio. 2. How VPW Works VPW.7z.008

: It allows for higher spending in early retirement years compared to more conservative fixed-dollar strategies. : The strategy relies on estimated future returns;

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