This paper presents the optimal continuous time dynamic consumption and portfolio choice
for pooled annuity funds. A pooled annuity fund constitutes an alternative way to protect …

Retirees must draw down their accumulated assets in an orderly fashion, so as not to
exhaust their funds too soon. We compare alternative phased withdrawal strategies to a life …

Financial advisers have developed standardized payout strategies to help Baby Boomers
manage their money in their golden years. Prominent among these are phased withdrawal …

Retirees must draw down their accumulated assets in an orderly fashion so as not to
exhaust their funds too soon. We derive the optimal retirement portfolio from a menu that …

Abstract This study uses Monte Carlo simulation to evaluate the ability of various deposit
percentages and asset allocation weights to support withdrawals in retirement that permit …

Adequately sustaining lifetime income is a critical portfolio objective for retired investors.
This article provides a brief review of various retirement income modeling approaches …

IRAs Under Progressive Tax Regimes and Income Growth Stephen M. Horan Head,
Professional Education Content and Private Wealth CF Page 1 IRAs Under Progressive Tax …

Page 1 Springer Gabler | Springer Fachmedien Wiesbaden GmbH, Postfach 1546, 65173
Wiesbaden ZFB SPECIAL ISSUE 1/2012 JOURNAL OF BUSINESS ECONOMICS Real Estate …

This study employed the RISK simulation to estimate the net portfolio value of a long-term
investment in a diversified asset allocation. The simulations take into consideration the risk …

As the most influential factor driving investment performance, asset allocation has received a
considerable amount of attention from researchers since the introduction of the mean …