This paper develops a dynamic model of retirement withdrawal planning that allows retirees and financial planners to improve the probability of retirement portfolio success while simultaneously increasing the average withdrawal rate. The key elements of the model are periodic adjustments of...

This paper summarizes scientific thought on the likelihood of Climate Change and explores potential implications for retirement planning. The thoughts of several authors are combined to place Climate Change risk within the context of Black Swans and Deep Risk and describe implications for...

This paper reviews principles of behavioral finance as applicable to retirement withdrawal planning, discusses common retirement planning problems, reviews relevant law, and proposes an application of Thaler and Sunstein's NUDGE (2008). The paper includes a proposal for modification of federal...

Past research on the topic of sustainable withdrawal rates has primarily focused on longer distribution periods which apply to younger age retirees.A structural problem with pensions, annuities, and first generation "safe withdrawal rate" is a disconnect of benefits paid (fixed or fixed with...

This paper builds on the work of Stout and Mitchell (2006), Stout (2008), and Blanchett and Frank (2009) by creating a preventive approach to withdrawal management. Proactive strategies, which reduce the withdrawal rate before there are insufficient funds, are shown to significantly reduce the...

Historic returns from 1926 to present are commonly used to predict future returns when planning retirement withdrawals. This paper examines the accuracy of historic returns for predicting future returns, implications of historic returns for setting withdrawal rates, and the ramifications for...

This paper compares sustainable retirement withdrawal rates for same-sex versus heterosexual couples. Due to convergence of expected longevity for males and females at typical retirement ages, systematic differences between same-sex versus heterosexual couples are slight, ranging from .03% at...