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

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 …

On account of the current low interest rate phase, which is most likely to continue in the
coming years, the average yields to be achieved in the bond, time deposit and savings …

In this article, we integrate investment decisions in the post-retirement period with the
inclusion of a deferred annuity (DA) to provide a lifetime decumulation solution. We use the …

We show how the relatively new concept of Perfect Withdrawal Rate can be used in
assessing the appropriate sustainable withdrawal amounts from a pot of wealth. This can be …

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 …

What has been the perfect withdrawal amount (PWA) from retirement savings accounts in
long-term historical data? The PWA is that which, if taken out in the first year of retirement …

The traditional model of retirement planning centers around the accumulation of a portfolio
dur-ing the earning years followed by a drawdown from this portfolio after retirement. This …

Financial planners are keenly aware of, and routinely warn clients about, sequence risk; that
is, the possibility of facing a sequence of low returns early in retirement that may force …

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 …