Document Type
Working Paper
Date of this Version
12-2-2018
Abstract
Digital investment advice providers have traditionally focused on the process of assets accumulation. But as Baby Boomers and Gen Xers age, they will need to shift from accumulation to decumulation, and there is less agreement about how to manage payouts during retirement. This chapter provides on overview of digital investment advice in the U.S., explores how digital advice providers are thinking about and executing decumulation strategies, identifies challenges they face, and discusses how these decumulation strategies could affect investors.
Keywords
Digital investment advice, decumulation strategies, investing in retirement, payouts, robo-advisor
Working Paper Number
WP2018-18
Copyright/Permission Statement
All findings, interpretations, and conclusions of this paper represent the views of the author(s) and not those of the Wharton School or the Pension Research Council. © 2018 Pension Research Council of the Wharton School of the University of Pennsylvania. All rights reserved.
Date Posted: 18 January 2019
Comments
The published version of this working paper may be found in the 2019 publication: The Disruptive Impact of FinTech on Retirement Systems.