Making Retirement Income Last a Lifetime

Autor:	Michael W. Peskin, Daniel Cassidy, Stephen C. Sexauer
Rok vydání:	2012
Předmět:	Economics and Econometrics 050208 finance Actuarial science Financial economics 05 social sciences Life annuity Accounting Capital (economics) 0502 economics and business Benchmark (computing) Economics Portfolio 050207 economics Finance
Zdroj:	Financial Analysts Journal. 68:74-84
ISSN:	1938-3312 0015-198X
DOI:	10.2469/faj.v68.n1.7
Popis:	To enable investors to spend down the assets in their defined contribution accounts more easily, the authors propose a decumulation benchmark comprising a laddered portfolio of TIPS for the first 20 years (consuming 88 percent of available capital) and a deferred life annuity purchased with the remaining 12 percent. This portfolio can be used directly by the investor (akin to indexing) or as a benchmark for evaluating the performance of a more aggressive strategy.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::ba195d2ab3b785ab5883f26b7d6d7bc4 https://doi.org/10.2469/faj.v68.n1.7 Zobrazit plný text záznamu Plný text ve formátu PDF