Subject: Re: 100% Stocks
And also assuming that fixed income investments will not be effected by whatever is happening in the economy that is cratering businesses for 10 years. A somewhat "bold" assumption.
Companies are going broke right and left, which causes stocks to go down and down but they keep paying the interest on their bonds no problem.
Bengen's study used 100% government bonds. If the US government isn't paying interest on bonds, then it is safe to assume it won't be paying Social Security either.