Shortfall Risk of Target-date Funds During Retirement
dc.contributor.author | Spitzer, John J. | |
dc.contributor.author | Singh, Sandeep | |
dc.date.accessioned | 2021-09-07T17:29:27Z | |
dc.date.available | 2021-09-07T17:29:27Z | |
dc.date.issued | 2008-06-01 | |
dc.identifier.citation | Spitzer, J. J., & Singh, S. (2008). Shortfall risk of target-date funds during retirement. Financial Services Review , 17 (2), 143-153. | |
dc.identifier.uri | http://hdl.handle.net/20.500.12648/2084 | |
dc.description.abstract | Target-date mutual funds are likely to increase in popularity because they are now one of the three approved default options for many retirement plans. In the retirement years, target-date funds become increasingly conservative with higher bond concentrations. Using a bootstrap simulation and rolling period analysis, three target-date fund classifications are shown to have higher probabilities of running out of money and lower balance remaining when compared to fixed allocation portfolios. A fixed 50/50 stock/bond portfolio unambiguously out-performs the target-date funds, regardless of methodology employed. In light of this evidence, these funds should revisit their asset allocation strategy. | |
dc.subject | Retirement | |
dc.subject | Asset Allocation | |
dc.subject | Bootstrap | |
dc.subject | Target-Date Funds | |
dc.subject | Lifecycle Funds | |
dc.subject | Mutual Funds | |
dc.title | Shortfall Risk of Target-date Funds During Retirement | |
dc.type | article | |
dc.source.journaltitle | Financial Services Review | |
dc.source.volume | 17 | |
dc.source.issue | 2 | |
refterms.dateFOA | 2021-09-07T17:29:27Z | |
dc.description.institution | SUNY Brockport | |
dc.source.peerreviewed | TRUE | |
dc.source.status | published | |
dc.description.publicationtitle | Business-Economics Faculty Publications | |
dc.contributor.organization | The College at Brockport | |
dc.languate.iso | en_US |