This is a guest post from Rob Bennett. In the Carnival of Personal Finance we recently hosted, we included a submission from Mike Piper at The Oblivious Investor that Rob disagreed with. He asked if he could rebut it, and because he largely met the Control Your Cash guest post criteria, we said yes. We then gave Mike the opportunity to rebut the rebuttal. He politely declined, so we’ll consider today’s post to be the terminus of this issue. (So if you want to leave a comment today, you’d better make it count.)
As for Rob, his claim to fame is developing “the first retirement calculator that contains an adjustment for the valuation level that applies on the day the retirement begins.” His bio is here.