Making retirement income last a lifetime

• Autores: Stephen C. Sexauer, Michael W. Peskin, Daniel Cassidy
• Localización: Financial analysts journal, ISSN-e 0015-198X, Vol. 71, Nº. 1, 2015, págs. 79-89
• Idioma: inglés
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• Resumen

  • 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.