Spending Retirement on Planet Vulcan: The Impact of Longevity Risk Aversion on Optimal Withdrawal Rates

Financial Analysts Journal
March/April 2011 | Vol. 67 | No. 2 | 14 pages
Source: CFA Institute
Moshe A. Milevsky Huaxiong Huang

US$0.00 Member | US$0.00 Candidate | US$15.00 Nonmember

Read

Summary

Recommendations from the media and financial planners regarding retirement spending rates deviate considerably from utility maximization models. This study argues that wealth managers should advocate dynamic spending in proportion to survival probabilities, adjusted up for exogenous pension income and down for longevity risk aversion.

Self-test

View more information

Topics
Credits · About the CE Program
1 CE (including 0 SER) Manage CE Credits

People who viewed this page also viewed:

Webcast / Podcast
Seeking Value in an Overpriced World
CFA Institute Annual Conferences: 2015 CFA Institute Annual Conference
Article
The Only Spending Rule Article You Will Ever Need
CFA Institute: Financial Analysts Journal

Loading ...