Investing for Retirement Income: A Comparison of Asset Allocations and Spending Strategies

2021 ◽  
Author(s):  
Mathieu Pellerin
Keyword(s):  
Retirement Income ◽  
Asset Allocations

scholarly journals Rule-based strategies for dynamic life cycle investment

2021 ◽  
Author(s):  
T. R. B. den Haan ◽  
K. W. Chau ◽  
M. van der Schans ◽  
C. W. Oosterlee
Keyword(s):  
Dynamic Programming ◽  
Life Cycle ◽  
Pension Fund ◽  
Retirement Income ◽  
Investment Strategies ◽  
Defined Contribution ◽  
Rule Based ◽  
Testing Model ◽  
Combined Strategy ◽  
Asset Allocations

AbstractIn this work, we consider rule-based investment strategies for managing a defined contribution pension savings scheme, under the Dutch pension fund testing model. We find that dynamic, rule-based investment strategies can outperform traditional static strategies, by which we mean that the investor may achieve the target retirement income with a higher probability or limit the shortfall when the target is not met. In comparison with dynamic programming-based strategies, the rule-based strategies have more stable asset allocations throughout time and avoid excessive transactions that may be hard to explain to an investor. We also study a combined strategy of a rule-based target with dynamic programming. A key feature of our setting is that there is no risk-free asset, instead, a matching portfolio is introduced for the investor to avoid unnecessary risk.

Who's Managing Your Retirement Income?

CFA Magazine ◽  
2008 ◽  
Vol 19 (5) ◽  
pp. 18-19 ◽  
Author(s):  
Jon Stokes
Keyword(s):  
Retirement Income

The Impact of Trustees' Age and Representation on Strategic Asset Allocations

2020 ◽  
Author(s):  
Rob Bauer ◽  
Rien Bogman ◽  
Matteo Bonetti ◽  
Dirk Broeders
Keyword(s):  
Asset Allocations ◽  
The Impact
Sign in / Sign up

Export Citation Format

Share Document