Wharton Pension Research Council Working Papers
 

Document Type

Working Paper

Date of this Version

2-1-2001

Abstract

This paper proposes a new approach to investing for retirement that takes advantage of recent market innovations and advances in finance theory to improve the risk/reward opportunities available to individual investors before and after retirement. The approach introduces three new elements: 1. It uses inflation-protected bonds to hedge a minimum standard of living after retirement; 2. It takes account of a person’s willingness to postpone retirement, and 3. It uses option “ladders” to lever growth in retirement income.

Working Paper Number

WP2001-08

Copyright/Permission Statement

©2001 Pension Research Council of the Wharton School of the University of Pennsylvania. All Rights Reserved.

Included in

Economics Commons

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Date Posted: 13 September 2019