1. Repeat Step 4 using each sequential DP from Step 3b until all the rows are completed in the fourth column. c. Note: FMB 2012a and 2012b describe the methodology of annually recalculating the withdrawal and portfolio balances and serially connecting the results. Steps 4 and 5 describe this methodology further. The methodology provides more insight into prudent management of withdrawals since it continually refers back to the portfolio value at any given time (as would occur in real life during annual reviews);Step 4 using the next DP from Step 3b. However, the beginning portfolio balance for this iteration would be the balance from step 4.b. b