The Yin and Yang of Retirement Income Philosophies

32 Pages Posted: 17 Jan 2015

See all articles by Wade D. Pfau

Wade D. Pfau

The American College for Financial Services; Retirement Researcher

Jeremy Cooper

affiliation not provided to SSRN

Date Written: November 10, 2014

Abstract

This is an Australian first: a bottom-up exploration of the range of philosophies that have been applied in generating retirement income, broken down into eight examples. What can be seen is that the eight examples sit on a spectrum from what we call 'safety-first' at one end to entirely 'probability-based' at the other end.

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

JEL Classification: D81, G11, J26, O16

Suggested Citation

Pfau, Wade D. and Cooper, Jeremy, The Yin and Yang of Retirement Income Philosophies (November 10, 2014). Available at SSRN: https://ssrn.com/abstract=2548114 or http://dx.doi.org/10.2139/ssrn.2548114

Wade D. Pfau (Contact Author)

The American College for Financial Services ( email )

630 Allendale Rd
King of Prussia, PA 19406
United States

HOME PAGE: http://www.retirementresearcher.com

Retirement Researcher ( email )

1900 Gallows Rd, Suite 350
Vienna, VA 22182
United States

HOME PAGE: http://www.retirementresearcher.com

Jeremy Cooper

affiliation not provided to SSRN

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