Making Retirement Income Last a Lifetime

Financial Analysts Journal
January/February 2012 | Vol. 68 | No. 1 | 11 pages
Source: CFA Institute
Stephen C. Sexauer Michael W. Peskin Daniel Cassidy, CFA

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

Read

Summary

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.

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:

Article
A Pension Promise to Oneself
CFA Institute: Financial Analysts Journal
Article
The Arithmetic of “All-In” Investment Expenses
CFA Institute: Financial Analysts Journal
Article
My Top 10 Peeves
CFA Institute: Financial Analysts Journal

Loading ...