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dc.contributor.authorSpitzer, John J.
dc.contributor.authorSingh, Sandeep
dc.date.accessioned2021-09-07T17:31:27Z
dc.date.available2021-09-07T17:31:27Z
dc.date.issued6/1/2008
dc.identifier.citationSpitzer, J. J., & Singh, S. (2008). Shortfall risk of target-date funds during retirement. Financial Services Review , 17 (2), 143-153.
dc.identifier.urihttp://hdl.handle.net/20.500.12648/2109
dc.description.abstractTarget-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.subjectRetirement
dc.subjectAsset Allocation
dc.subjectBootstrap
dc.subjectTarget-Date Funds
dc.subjectLifecycle Funds
dc.subjectMutual Funds
dc.titleShortfall Risk of Target-date Funds During Retirement
dc.typearticle
dc.source.journaltitleFinancial Services Review
dc.source.volume17
dc.source.issue2
refterms.dateFOA2021-09-07T17:31:27Z
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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