I had to google that one. So…the Merton rule also works in reverse (bad). And the slope is steeper the closer you get to “retirement”. I was thinking of it more as the sum of a series of right sized bets. A step function. A ratchet. Each bet is one of, say, 22 years remaining to retirement.
You know…the kelly criterion is totally applicable to retirement planning.
merton rule right? read about it on elm site years ago iirc
I had to google that one. So…the Merton rule also works in reverse (bad). And the slope is steeper the closer you get to “retirement”. I was thinking of it more as the sum of a series of right sized bets. A step function. A ratchet. Each bet is one of, say, 22 years remaining to retirement.