Videos

 

Strategies for Managing Retirement Risks

NEVENKA VRDOLJAK
Director of Retirement Strategies at Merrill Lynch Wealth Management at Bank of America

Retirement poses challenges which require a combination of strategies: when to claim Social Security, allocating assets to lifetime income annuities, adopting a systematic withdrawal strategy, and planning for long-term care

 

 

A Glide Path for Target Date Fund Annuitization

MOSHE A. MILEVSKY
Associate Professor of Finance at the Schulich School of Business, York University, and Executive Director of the IFID Centre in Toronto

Milevsky, Huang, and Young describe a recursive algorithm that computes the timing and quantity of purchase of deferred income annuities (DIAs) within target-date funds (TDF) in defined contribution (DC) plans.

 

 

Retirement Income for the Wealthy, Middle, and Poor

MEIR STATMAN
Glenn Klimek Professor of Finance at Leavey School of Business at Santa Clara University

Discussions about retirement income are unfocused because they blur distinctions between the wealthy and the poor, and between the stable-middle and the precarious-middle.

 

 

When Should You Claim Social Security?

DAVID LASTER
Head of Retirement Strategies at Merrill Lynch Wealth Management

When to claim Social Security is for many retirees among the most important financial decisions they will make. For many families, the lifetime expected value of future Social Security benefits exceeds half a million dollars.

 

 

Building Efficient Income Portfolios

DAVID BLANCHETT
Head of Retirement Research at Morningstar Investment Management

In this article, the authors introduce a new utility function to determine the optimal portfolio allocation for an income-focused investor which incorporates downside risk.

 

 

Mortality Plateaus and the Pricing of Longevity Insurance

MOSHE A. MILEVSKY
Professor at York University and a Managing Director of the Pi Longevity Extension Corporation in Toronto

The article examines the implications—concerning the pricing of longevity insurance and life annuities—of a “plateauing” in the instantaneous force of mortality (IFM) at advanced ages.

 

 

Investment Performance, Inflation, and Taxes: Redefining History’s Bear Markets

MATTHEW B. KENIGSBERG
Vice President at Fidelity Investments

Withdrawals from investment accounts tend to amplify the impact of taxes and inflation, and their interaction can have a dire effect on one’s qualified accounts.

 

 

Retirement Income for Participants in Defined Contribution Plans and Holders of IRAs: Recent Developments in Immediate Life Annuities and Other Income Products

MARK J. WARSHAWSKY
President ReLIAS LLC

Mark discusses the benefits and drawbacks of many of the immediate life annuity and income products available today.

 

 

Why Does Retirement Readiness Vary: Results from EBRI’s 2014 Retirement Security Projection Model®

JACK VANDERHEI
Research Director at the Employee Benefit Research Institute

The probability that Generation Xers and Baby Boomers will not run short of income in retirement has increased, according to EBRI’s 2014 Retirement Security Projection Model, and Jack tells us why.

 

 

Financial Security in Retirement

GEORGE A. (SANDY) MACKENZIE
Editor, The Journal of Retirement

Life annuities and self insurance are two tools that may help Americans achieve financial security in retirement, Sandy says.

 

 

The Journal of Retirement

The Journal of Retirement is a scholarly, thought-leading practitioner journal presenting retirement research by and for financial advisors, retirement savings plan sponsors, consultants, policy experts, and those structuring retirement products. It focuses on issues surrounding retirement savings plans such as defined contribution and individual retirement accounts, retirement planning, and decumulation.