Wade D. Pfau

The American College

Bryn Mawr, PA 19010

United States

http://www.retirementresearcher.com

McLean Asset Management

Principal

8200 Greensboro Dr

# 1150

McLean, VA

United States

SCHOLARLY PAPERS

43

DOWNLOADS
Rank 145

SSRN RANKINGS

Top 145

in Total Papers Downloads

60,018

CITATIONS
Rank 19,394

SSRN RANKINGS

Top 19,394

in Total Papers Citations

16

Scholarly Papers (43)

1.

Reducing Retirement Risk with a Rising Equity Glide-Path

Number of pages: 19 Posted: 13 Sep 2013
Wade D. Pfau and Michael E. Kitces
The American College and The Kitces Report & Nerd's Eye View
Downloads 7,971 (349)

Abstract:

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retirement planning, investing, asset allocation, glide-path

2.

Making Sense Out of Variable Spending Strategies for Retirees

Number of pages: 18 Posted: 17 Mar 2015
Wade D. Pfau
The American College
Downloads 6,910 (454)

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retirement planning, retirement income modeling, systematic withdrawals, variable spending in retirement

3.

An Efficient Frontier for Retirement Income

Number of pages: 12 Posted: 25 Sep 2012
Wade D. Pfau
The American College
Downloads 5,301 (679)
Citation 2

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retirement planning, retirement income modeling, efficient frontier, annuities, systematic withdrawals

4.

The 4 Percent Rule is Not Safe in a Low-Yield World

Number of pages: 15 Posted: 16 Jan 2013 Last Revised: 17 Jan 2013
Michael S. Finke, Wade D. Pfau and David Blanchett
The American College, The American College and Morningstar Investment Management
Downloads 4,514 (687)

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retirement, systematic withdrawals, 4% rule, safe withdrawal rates

5.

Asset Valuations and Safe Portfolio Withdrawal Rates

Number of pages: 17 Posted: 28 Jun 2013 Last Revised: 01 Jul 2013
David Blanchett, Michael S. Finke and Wade D. Pfau
Morningstar Investment Management, The American College and The American College
Downloads 3,419 (1,868)

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retirement, asset valuations, withdrawal rates, Monte Carlo

6.

Optimal Portfolios for the Long Run

Number of pages: 26 Posted: 06 Sep 2013 Last Revised: 05 Feb 2014
David Blanchett, Michael S. Finke and Wade D. Pfau
Morningstar Investment Management, The American College and The American College
Downloads 2,752 (2,400)

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time diversification, portfolio choice, stock allocation

7.

Lifetime Expected Income Breakeven Comparison between SPIAs and Managed Portfolios

Number of pages: 65 Posted: 30 Aug 2013 Last Revised: 25 Apr 2015
Academy of Financial Services, Central Michigan University - Department of Finance and Law and The American College
Downloads 1,990 (4,857)

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SPIA, Immediate annuity, managed diversified portfolio, cash flow comparisons, breakeven comparison

8.

Retirement Risk, Rising Equity Glidepaths, and Valuation-Based Asset Allocation

Number of pages: 21 Posted: 18 Sep 2014
Michael E. Kitces and Wade D. Pfau
The Kitces Report & Nerd's Eye View and The American College
Downloads 1,773 (4,767)

Abstract:

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retirement planning, investing, asset allocation, glide-path

9.

The True Impact of Immediate Annuities on Retirement Sustainability: A Total Wealth Perspective

Number of pages: 18 Posted: 23 Jul 2013
Michael E. Kitces and Wade D. Pfau
The Kitces Report & Nerd's Eye View and The American College
Downloads 1,744 (4,570)

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retirement income, annuities, systematic withdrawals, SPIAs

10.

VAR Analysis of the Monetary Transmission Mechanism in Vietnam

Applied Econometrics and International Development. Vol. 9, No. 1, pp. 165-179, January – June 2009,
Number of pages: 14 Posted: 27 Aug 2008 Last Revised: 15 Oct 2009
Le Viet Hung and Wade D. Pfau
State Bank of Vietnam and The American College
Downloads 810 (19,439)
Citation 2

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Monetary policy, transmission mechanism, vector autoregression, Vietnam

11.

Safe Savings Rates: A New Approach to Retirement Planning Over the Lifecycle

Journal of Financial Planning, Vol. 24, No. 5, May 2011
Number of pages: 15 Posted: 03 Jul 2011
Wade D. Pfau
The American College
Downloads 439 (19,151)
Citation 1

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safe withdrawal rates, retirement planning, lifetime perspective, safe savings rate, wealth accumulation targets, retirement spending goals, SAFEMAX, SAFEMIN

12.
Downloads 397 (53,064)
Citation 1

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retirement planning, safe withdrawal rates, sequence of returns risk, retirement ruin, retiring in 2000, current withdrawal rate

13.

Spending Flexibility and Safe Withdrawal Rates

Number of pages: 20 Posted: 09 Nov 2011
Michael S. Finke, Wade D. Pfau and Duncan Williams
The American College, The American College and Texas Tech University
Downloads 382 (34,179)
Citation 1

Abstract:

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retirement planning, retirement income, shortfall risk, safe withdrawal rates

14.

The Lifetime Sequence of Returns: A Retirement Planning Conundrum

Number of pages: 11 Posted: 04 Jan 2015
Wade D. Pfau
The American College
Downloads 372 (29,154)

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retirement planning, sequence of returns risk

15.

Long-Term Investors and Valuation-Based Asset Allocation

Number of pages: 20 Posted: 04 Jan 2015
Wade D. Pfau
The American College
Downloads 263 (29,742)

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market valuations, cyclically-adjusted price-earnings ratio, PE10, stock returns, market timing, long term, tactical asset allocation, buy and hold

16.

Choosing a Retirement Income Strategy: A New Evaluation Framework

Number of pages: 14 Posted: 04 Jan 2015
Wade D. Pfau
The American College
Downloads 262 (33,041)

Abstract:

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retirement planning, retirement income modeling

17.

Revisiting the Fisher and Statman Study on Market Timing

Number of pages: 17 Posted: 03 Jul 2011
Wade D. Pfau
The American College
Downloads 247 (86,664)

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market valuations, cyclically-adjusted price-earnings ratio, PE10, stock returns, market timing, long term, tactical asset allocation, buy and hold

18.

Predicting Sustainable Retirement Withdrawal Rates Using Valuation and Yield Measures

Number of pages: 21 Posted: 17 Dec 2010
Wade D. Pfau
The American College
Downloads 240 (71,936)

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safe withdrawal rates, retirement planning, market valuation, price-earnings ratio, dividend yield. stock returns, bond returns

19.

An International Perspective on Safe Withdrawal Rates from Retirement Savings: The Demise of the 4 Percent Rule?

Journal of Financial Planning, Forthcoming
Number of pages: 15 Posted: 31 Oct 2010
Wade D. Pfau
The American College
Downloads 225 (46,595)
Citation 4

Abstract:

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SAFEMAX, retirement, withdrawal rates, international comparison, sustainable

20.

Emerging Market Pension Funds and International Diversification

Journal of Developing Areas, Forthcoming
Number of pages: 29 Posted: 14 Sep 2008 Last Revised: 28 Oct 2010
Wade D. Pfau
The American College
Downloads 213 (106,992)

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emerging markets, pension, asset allocation, international diversification

21.

Predicting the Medal Wins by Country at the 2006 Winter Olympic Games: An Econometrics Approach

Korean Economic Review, Vol. 22, No. 2, pp. 233-247, Winter 2006
Number of pages: 15 Posted: 08 Nov 2008
Wade D. Pfau
The American College
Downloads 186 (100,046)

Abstract:

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Olympics, Econometrics, Forecasting

22.

The Portfolio Size Effect and Lifecycle Asset Allocation Funds: A Different Perspective

Journalof Portfolio Management, Forthcoming
Number of pages: 18 Posted: 31 Oct 2010
Wade D. Pfau
The American College
Downloads 180 (83,834)
Citation 1

Abstract:

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lifecycle funds, target date funds, retirement planning, asset allocation, portfolio size effect

23.

Choosing a Retirement Income Strategy: Outcome Measures and Best Practices

Number of pages: 12 Posted: 04 Jan 2015
Wade D. Pfau
The American College
Downloads 172 (62,090)

Abstract:

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retirement planning, retirement income modeling

24.

Lifecycle Funds and Wealth Accumulation for Retirement: Evidence for a More Conservative Asset Allocation as Retirement Approaches

Financial Services Review, Vol. 19, No. 1, Forthcoming
Number of pages: 19 Posted: 19 Dec 2009 Last Revised: 29 Oct 2010
Wade D. Pfau
The American College
Downloads 164 (119,668)
Citation 1

Abstract:

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lifecycle funds, target date funds, retirement planning, asset allocation

25.

Capital Market Expectations, Asset Allocation, and Safe Withdrawal Rates

Number of pages: 20 Posted: 04 Jan 2015
Wade D. Pfau
The American College
Downloads 154 (82,627)
Citation 1

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retirement planning, safe withdrawal rates, asset allocation, capital market expectations

26.

An Optimizing Framework for the Glide Paths of Lifecyle Asset Allocation Funds

Applied Economics Letters, Forthcoming
Number of pages: 7 Posted: 19 Oct 2009 Last Revised: 28 Oct 2010
Wade D. Pfau
The American College
Downloads 146 (137,615)

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lifecycle, target date, retirement planning, glide paths

27.

Withdrawal Rates, Savings Rates, and Valuation-Based Asset Allocation

Number of pages: 13 Posted: 04 Jan 2015
Wade D. Pfau
The American College
Downloads 133 (82,627)

Abstract:

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market valuations, cyclically-adjusted price-earnings ratio, PE10, stock returns, asset allocation

28.

Lifetime Expected Income Breakeven Comparison between SPIAs and Managed Portfolios (A Descriptive Work for Data that is in SSRN Abstract http://ssrn.com/abstract= 2317857)

Number of pages: 18 Posted: 11 Nov 2013 Last Revised: 25 Apr 2015
Academy of Financial Services, Central Michigan University - Department of Finance and Law and The American College
Downloads 127 (151,415)

Abstract:

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SPIA, Immediate annuity, managed diversified portfolio, cash flow comparisons, breakeven comparison

29.

The Yin and Yang of Retirement Income Philosophies

Number of pages: 32 Posted: 17 Jan 2015
Wade D. Pfau and Jeremy Cooper
The American College and Challenger Limited
Downloads 116 (57,694)

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Retirement income, safe withdrawal rate, probability-based, safety-first, volatility, annuity, risk, growth assets, equities, longevity risk

30.

Getting on Track for a Sustainable Retirement: A Reality Check on Savings and Work

Number of pages: 16 Posted: 04 Jan 2015
Wade D. Pfau
The American College
Downloads 103 (109,709)

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retirement planning, lifetime perspective, safe savings rate, safe retirement age, wealth accumulation targets, retirement spending goals, safe withdrawal rates

31.

The Role of International Diversification in Public Pension Systems: The Case of Pakistan

Economic Issues. Vol. 14, Part 2, pp. 81-105, September 2009
Number of pages: 27 Posted: 27 Aug 2008 Last Revised: 28 Oct 2010
Wade D. Pfau
The American College
Downloads 99 (180,632)

Abstract:

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pension, asset allocation, financial markets, Asia, Pakistan

32.

The Effects of Social Security on Private Savings: A Reappraisal of the Time Series Evidence

Sophia International Review, Vol. 27, No. 1, p. 57-70, March 2005
Number of pages: 15 Posted: 21 Feb 2009 Last Revised: 28 Oct 2010
Wade D. Pfau
The American College
Downloads 92 (226,779)

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Social Security, Private Savings, Crowding Out

33.

The Impact of the National Pension Fund on the Suitability of Elderly Pensions in Thailand

Asian Economic Journal. Vol. 23, No. 1 (March 2009), p. 41-63.
Number of pages: 23 Posted: 27 Aug 2008 Last Revised: 28 Oct 2010
Wade D. Pfau and Vararat Atisophon
The American College and National Graduate Institute for Policy Studies (GRIPS)
Downloads 84 (233,062)

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defined-contribution pension, pension suitability, stochastic forecast, Thailand

34.

Demographic Changes and the Long-Term Pension Finances in Vietnam: A Stochastic Actuarial Assessment

Journal of Population Ageing, Vol. 1, No. 2-4, pp. 125-151, July 2009
Number of pages: 25 Posted: 07 Nov 2008 Last Revised: 28 Oct 2010
Giang T. Long and Wade D. Pfau
National Economics University of Vietnam - Faculty of Economics and The American College
Downloads 65 (279,674)

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aging, stochastic projections, pension finances, Vietnam

35.

The Funded Pension Scheme in Uzbekistan: An Analysis

Sophia International Review, Vol. 31, No. 1, pp. 75-92, March 2009
Number of pages: 18 Posted: 22 Jun 2009
Alisher Khasanbaev and Wade D. Pfau
affiliation not provided to SSRN and The American College
Downloads 62 (251,794)
Citation 1

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pension, Uzbekistan, defined-contribution

36.

Comparing the Impacts of Social Security Benefit Reductions on the Income Distribution of the Elderly

National Tax Journal, Vol. 59, No. 2, pp. 195-210, June 2006
Number of pages: 16 Posted: 27 Aug 2008 Last Revised: 28 Oct 2010
Wade D. Pfau
The American College
Downloads 47 (332,581)
Citation 1

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37.

Assessing the Applicability of Hypothetical Workers for Defined-Contribution Pensions

Journal of Income Distribution, Vol 18, No. 2, pp. 92-117, June 2009
Number of pages: 27 Posted: 27 Aug 2008 Last Revised: 15 Jan 2013
Wade D. Pfau
The American College
Downloads 45 (341,478)

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Social Security, Hypothetical Workers, Defined-Contribution Pensions

38.

Reforming Social Security: Issues and Challenges for Personal Retirement Accounts

East and West Studies, Vol. 19, No. 1, pp. 215-242, 2007
Posted: 09 Dec 2009
Wade D. Pfau
The American College
Downloads 31 (392,625)

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Social Security Reform, Personal Retirement Accounts, Public Finance

39.

Life Insurance as a Retirement Income Tool

Number of pages: 45 Posted: 26 Sep 2017
Russell DeLibero and Wade D. Pfau
The American College of Financial Services and The American College
Downloads 0 (404,657)

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Life Insurance, Retirement Planning, Asset Allocation, Retirement Spending

40.

Retirement Income Showdown: Risk Pooling vs. Risk Premium

Number of pages: 17 Posted: 29 Oct 2016
Wade D. Pfau
The American College
Downloads 0 (197,852)

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retirement planning, income annuity, risk premium, investments

41.

Required Retirement Savings Rates Today

Number of pages: 22 Posted: 18 Oct 2016
David Blanchett, Michael S. Finke and Wade D. Pfau
Morningstar Investment Management, The American College and The American College
Downloads 0 (22,037)

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Retirement Savings, Life Cycle Saving, Low Returns, Financial Planning, Household Finance

42.

Incorporating Home Equity into a Retirement Income Strategy

Number of pages: 17 Posted: 04 Nov 2015
Wade D. Pfau
The American College
Downloads 0 (2,556)

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retirement, reverse mortgage, retirement income

43.

Reforming Pension Funds in Sri Lanka: International Diversification and the Employees' Provident Fund

Australian Economic Papers, Vol. 51, Issue 1, pp. 23-37, 2012
Number of pages: 15 Posted: 14 Mar 2012
Ajantha Sisira Kumara and Wade D. Pfau
affiliation not provided to SSRN and The American College
Downloads 0 (576,309)
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