Optimal control of the decumulation of a retirement portfolio with variable spending and dynamic asset allocation
PA Forsyth, KR Vetzal, G Westmacott - ASTIN Bulletin: The Journal of …, 2021 - cambridge.org
We extend the Annually Recalculated Virtual Annuity (ARVA) spending rule for retirement
savings decumulation (Waring and Siegel (2015) Financial Analysts Journal, 71 (1), 91 …
savings decumulation (Waring and Siegel (2015) Financial Analysts Journal, 71 (1), 91 …
[PDF][PDF] Decumulation of Defined Contribution Pension Plans: The Canasta Strategy
PA Forsyth - 2022 - cs.uwaterloo.ca
Suppose an investor has diligently saved and invested in a defined contribution (DC)
pension plan account. Upon retirement, the investor has to decide (i) on an investment …
pension plan account. Upon retirement, the investor has to decide (i) on an investment …