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dc.contributor.authorSpitzer, John J.
dc.date.accessioned2021-09-07T17:29:26Z
dc.date.available2021-09-07T17:29:26Z
dc.date.issued2009-07-01
dc.identifier.citationSpitzer, J. J. (2009). Managing a Retirement Portfolio: Do Annuities Provide More Safety?. Journal Of Financial Counseling & Planning , 20 (1), 58-69.
dc.identifier.urihttp://hdl.handle.net/20.500.12648/2079
dc.description.abstractEven with the generally recognized “safe” withdrawal amount of 4% of the retirement portfolio starting balance, more than 5% of retirement portfolios will run out of money over a 30-year period. Bootstrap simulations were used to estimate the probability of outliving a retirement portfolio as increasing proportions of a tax-deferred account are annuitized. The impacts of Required Minimum Distributions and taxable Social Security income were incorporated into the analysis. Results indicate that annuities significantly extend the length of time the portfolio lasts, but the expected balance remaining (estate size) will decrease substantially, a trade-off of security versus a legacy. Advisors and planners may find the graphical exposition helpful when showing clients different tradeoff options.
dc.subjectAnnuity
dc.subjectAsset Allocation
dc.subjectBootstrap
dc.subjectRequired Minimum Distributions
dc.subjectRetirement Withdrawals
dc.titleManaging a Retirement Portfolio: Do Annuities Provide More Safety?
dc.typearticle
dc.source.journaltitleJournal of Financial Counseling & Planning
dc.source.volume20
dc.source.issue1
refterms.dateFOA2021-09-07T17:29:26Z
dc.description.institutionSUNY Brockport
dc.source.peerreviewedTRUE
dc.source.statuspublished
dc.description.publicationtitleBusiness-Economics Faculty Publications
dc.contributor.organizationThe College at Brockport
dc.languate.isoen_US


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