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Engen, Eric; Gale, William; Uccello, Cori - 1999

DURING THE PAST half century, retirement income security in the United States has been based on a combination of social security, employer sponsored pensions, and households’ own saving. Social security was intended to provide a retirement income base. Pensions generated additional retirement...

Persistent link: https://www.econbiz.de/10015242824

Optimizing models of a stock portfolio issued by Financial Investment Companies

Corduneanu, Carmen; Turcas, Daniela - 2008

, real time access to information, the performance maximization criterion for managed portfolios, are fundamental factors …

Persistent link: https://www.econbiz.de/10015215349

How to adapt to changing markets: experience and personality in a repeated investment game

Hopfensitz, Astrid; Wranik, Tanja - 2009

Investment behavior is traditionally investigated with the assumption that risky investment is on average advantageous. However, this may not always be the case. In this paper, we experimentally studied investment choices made by students and financial professionals under favorable and...

Persistent link: https://www.econbiz.de/10015218593

Will 2000-era retirees experience the worst retirement outcomes in U.S. history? A progress report after 10 years

Pfau, Wade Donald - 2010

outcomes of any retiree since 1926. This holds for a wide variety of asset allocations and withdrawal rate strategies. Wealth …

Persistent link: https://www.econbiz.de/10015224504

Predicting Sustainable Retirement Withdrawal Rates Using Valuation and Yield Measures

Pfau, Wade Donald - 2010

This study attempts to quantify whether a 4 percent withdrawal rate can still be considered as safe for U.S. retirees in recent years when earnings valuations have been at historical highs and the dividend yield has been at historical lows. We find that the traditional 4 percent withdrawal rule...

Persistent link: https://www.econbiz.de/10015224750

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

Pfau, Wade Donald - 2011

Focusing on a “safe withdrawal rate” and then deriving a “wealth accumulation target” to achieve by the retirement date … retirement expenditure goals. Actual withdrawal rates and wealth accumulations at retirement may be treated as almost an … more or less wealth than is needed based on traditional criteria. …

Persistent link: https://www.econbiz.de/10015225602

Revisiting the Fisher and Statman Study on Market Timing

Pfau, Wade Donald - 2011

Valuation-based market timing demonstrates greater potential to improve risk-adjusted returns for conservative long-term investors than given credit by Fisher and Statman (2006). On a risk-adjusted basis, market-timing strategies provide comparable returns as a 100 percent stocks buy-and-hold...

Persistent link: https://www.econbiz.de/10015225965

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

Pfau, Wade Donald - 2011

Persistent link: https://www.econbiz.de/10015226146

Demand Spillovers and Market Outcomes in the Mutual Fund Industry

Gavazza, Alessandro - 2011

When consumers concentrate their purchases at a single firm, a firm that offers more products than its rivals can gain market share for all its other products, as well. These spillovers induce firms to compete by oﬀering a greater variety of products rather than lower prices, and a natural...

Persistent link: https://www.econbiz.de/10015226438

Can We Predict the Sustainable Withdrawal Rate for New Retirees?

Pfau, Wade Donald - 2011

I investigate how well market valuation and yield measures predict the maximum sustainable withdrawal rate (MWR) that a person can use with their retirement savings to obtain inflation-adjusted income over a 30-year period. The regression framework includes variables to predict long-term stock...

Persistent link: https://www.econbiz.de/10015226876