Perfect Withdrawal in a Noisy World: Investing Lessons with and without Annuities while in Drawdown between 2000 and 2019
Andrew Clare, James Seaton, Peter N. Smith and Stephen Thomas
The Journal of Retirement Summer 2021, 9 (1) 9-39; DOI: https://doi.org/10.3905/jor.2021.1.090
Andrew Clare
is a professor of asset management in the Bayes (formally Cass) Business School at the City University of London, London, UK
James Seaton
is a former research fellow in the Bayes (formally Cass) Business School at the City University of London, London, UK
Peter N. Smith
is a professor of economics and finance at the University of York in York, UK, and a research associate in the Centre for Applied Macroeconomic Analysis (CAMA) at the Australian National University in Canberra, Australia
Stephen Thomas
is a professor of finance in the Bayes (formally Cass) Business School at the City University of London, London, UK
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In this issue
The Journal of Retirement
Vol. 9, Issue 1
Summer 2021
Perfect Withdrawal in a Noisy World: Investing Lessons with and without Annuities while in Drawdown between 2000 and 2019
Andrew Clare, James Seaton, Peter N. Smith, Stephen Thomas
The Journal of Retirement Jul 2021, 9 (1) 9-39; DOI: 10.3905/jor.2021.1.090
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- Article
- Abstract
- USING THE PERFECT WITHDRAWAL RATE AS A MEANS OF ASSESSING WITHDRAWAL POSSIBILITIES
- WITHDRAWAL EXPERIENCE IN THE UK, 2000–19
- DECUMULATION TO A RESIDUAL BALANCE: MANAGING LONGEVITY RISK
- ADDING DIFFERENT ASSET CLASSES AND STRATEGIES
- MOTIVATING GLIDEPATH INVESTMENT STRATEGIES
- FURTHER CONSIDERATIONS
- CONCLUSIONS AND LESSONS LEARNED
- ACKNOWLEDGMENTS
- ENDNOTES
- REFERENCES
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