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An Age-Based, Three Dimensional, Universal Distribution Model Incorporating Sequence RiskLarry R. Frank Sr.Academy of Financial Services; Better Financial Education; Certified Financial Planner Board (CFP) John B. MitchellCentral Michigan University - Department of Finance and Law David M. Blanchettaffiliation not provided to SSRN April 11, 2011 Abstract: The authors develop an Age-Based Three Dimensional Distribution Model that illustrates a retiree transition from early retirement into later retirement, including superannuated years for the long-lived who continue to survive. The model for this concept development simultaneously: 1) Establishes an age-based distribution model; 2) Incorporates current age life expectancy directly into the model; 3) Addresses survivorship into superannuated ages; 4) Addresses sequence risk to incorporate decisions due to market changes as the retiree ages.
Number of Pages in PDF File: 25 Keywords: Retirement Planning, Adjustable Withdrawal Rates, Sequence Risk, Probability of Failure, Expected Longevity working papers seriesDate posted: May 24, 2011Suggested CitationContact Information
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