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dc.contributor.authorSpitzer, John J.
dc.date.accessioned2021-09-07T17:29:27Z
dc.date.available2021-09-07T17:29:27Z
dc.date.issued4/1/2008
dc.identifier.citationSpitzer, J. J. (2008). Retirement withdrawals: an analysis of the benefits of periodic "midcourse" adjustments. Financial Services Review , 17 (1), 17-29.
dc.identifier.urihttp://hdl.handle.net/20.500.12648/2083
dc.description© 2008 Academy of Financial Services. All rights reserved.
dc.description.abstractMuch research has addressed the question of how much money can safely be withdrawn from a retirement portfolio without prematurely running out of money (shortfall risk). Instead of constant (inflation adjusted) annual withdrawals, this study uses withdrawal amounts (and optionally, asset allocations) that are modified every five years over a 30-year withdrawal horizon. A bootstrap is used initially to obtain the conditional probability rules. Further simulations demonstrate that periodic (every five years) adjustments can decrease the risk of running out of money as well as increase the amount withdrawn, as compared to a “constant withdrawal amount” strategy
dc.subjectRetirement
dc.subjectWithdrawals
dc.subjectAsset Allocation
dc.subjectBootstrap
dc.titleRetirement Withdrawals: an Analysis of the Benefits of Periodic “Midcourse” Adjustments
dc.typearticle
dc.source.journaltitleFinancial Services Review
dc.source.volume17
dc.source.issue1
refterms.dateFOA2021-09-07T17:29:27Z
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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