Investors who are about to retire are first and foremost concerned with supporting their
spending needs throughout retirement. But they also derive satisfaction from growing their …

Standard analysis of retirement strategies involves evaluating their failure rate. One of the
shortcomings of this approach is that a strategy may have a low failure rate and at the same …

We examine the consequences of alternative popular investment strategies for the
decumulation of fundsinvested for retirement through a defined contribution pension …

Retirees need to make two critical financial decisions, namely, the withdrawal rate and the
asset allocation of their portfolios. We propose a methodology that retirees, and particularly …

The evaluation of retirement strategies is typically based on the failure rate (the rate at which
a retiree's nest egg is exhausted prematurely), although some alternatives have been …

The failure rate is arguably the variable most widely used in the evaluation of retirement
strategies. Its main shortcoming, evaluating how often a strategy fails but not by how much it …

Academics, practitioners, and investors at large typically have a preference for making
decisions based on a single variable that is supposed to be maximized or minimized. This …

A bucket approach, which broadly consists of parking a few years of annual withdrawals
safely in cash and investing the rest of the portfolio more aggressively, is a popular strategy …

Longevity insurance annuities are deferred annuities that begin payment at advanced ages,
such as age 82. They provide insurance against running out of money in old age. They …

The important decisions that retirees have to make to try to achieve their financial goals
during retirement often stem from models used by financial planners. Despite the important …