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 …

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 …

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 …

This definition of risk has the advantage of being consistent with the way people think about
risk in everyday life, but is more comprehensive because it accounts for the possibility that …

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 …

The article describes and showcases a framework to analyze life-cycle, or target-date,
investment strategies with intuitive, practical metrics. Anchored in the complex theory of life …

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 …

The most important financial issue retirees have to deal with is whether their strategy will be
able to sustain all the withdrawals they expect to make in retirement, as well as a bequest …