Why-Five? The Strange, Magnetic and Mesmerizing Effect of the Five Percent Unitrust and Spending Rate on Settlors, Their Advisers, and Retirees

36 Pages Posted: 11 Apr 2005

See all articles by Joel C. Dobris

Joel C. Dobris

University of California at Davis School of Law

Abstract

Investment literature aimed at trustees and retirees often assumes that investors can obtain a return sufficient to support a five percent annual payout without impairing capital. According to the author, truly sophisticated commentators see this as over-optimistic at this time. This disconnect between investor fantasy and investment reality is the topic of this essay. The author explores the idea primarily in a trust context.

Suggested Citation

Dobris, Joel Charles, Why-Five? The Strange, Magnetic and Mesmerizing Effect of the Five Percent Unitrust and Spending Rate on Settlors, Their Advisers, and Retirees. Available at SSRN: https://ssrn.com/abstract=701503

Joel Charles Dobris (Contact Author)

University of California at Davis School of Law ( email )

Martin Luther King, Jr. Hall
400 Mrak Hall Drive
Davis, CA 95616-5201
United States
(530) 752-1600 (Phone)
(530) 754-5311 (Fax)

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
122
Abstract Views
1,423
Rank
414,524
PlumX Metrics