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- Title
The perfect withdrawal amount: A methodology for creating retirement account distribution strategies.
- Authors
Suarez, E. Dante; Suarez, Antonio; Walz, Daniel T.
- Abstract
We present a new way to develop withdrawal strategies from retirement portfolios. It is derived analytically, instead of from empirical testing, and it iterates always in the same manner. It is based on a new measure we develop, the Perfect Withdrawal Amount, for which we discuss how to construct a probability distribution and how to apply it sequentially. We also derive a new measure of sequencing risk. We present new strategies built with this framework.
- Subjects
INDIVIDUAL retirement accounts; DISTRIBUTION (Economic theory); PROBABILITY theory; FINANCIAL management; FINANCIAL planning
- Publication
Financial Services Review, 2015, Vol 24, Issue 4, p331
- ISSN
1057-0810
- Publication type
Article