Retirees face the drawdown maths nobody explained

Minimum drawdown rates were built for a different return environment. Balances are being spent faster than planned.

The rules set a floor on withdrawals, not a plan. Plenty of retirees draw the minimum and assume it is the recommendation.

Sequencing risk does the rest: a weak first few years of returns permanently lowers what the balance can support.

Advice fixes this cheaply. Most people never get it.