Social Sciences
4 years ago

New Asset Allocation Strategy Protects Retirement Savings from Depletion Risk

SSRN Electronic Journal
Management of Withdrawal Risk Through Optimal Life Cycle Asset Allocation
Peter Forsyth, Kenneth R. Vetzal, Graham Westmacott

Paper Summary

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The article explores how people in retirement plans can manage the risk of running out of money by adjusting their investments over time. By using a special financial strategy, retirees can have a retirement lifestyle similar to those in traditional pension plans. The study shows that setting a target amount of savings at the end of retirement is more effective than just trying to avoid running out of money. This approach helps retirees have enough money for unexpected expenses or to leave an inheritance.