Document Type
Working Paper
Date of this Version
10-1-2009
Abstract
This chapter describes and evaluates alternative approaches to spending in retirement, including income annuities, common rules of thumb for spending used by financial planners and advisors, and the spending rules that have been incorporated into payout funds, a relatively new type of investment product designed to be used by investors in the spending stage of life.
Working Paper Number
WP2009-22
Copyright/Permission Statement
Opinions and conclusions are solely those of the author(s) and do not reflect views of the institutions supporting the research, with whom the authors are affiliated, or the Pension Research Council. Copyright 2009 © Pension Research Council of the Wharton School of the University of Pennsylvania. All rights reserved.
Date Posted: 23 August 2019
Comments
The published version of this Working Paper may be found in the 2010 publication: Reorienting Retirement Risk Management.