When the markets go down, what does a retiree do?
This paper develops Probability of Failure based decision rules that address negative market sequences for retirement de-cumulation (i.e., income).
Link to paper (click on title below to go to paper):
Linked, and cover photo, with permission by the Financial Planning Association, Journal of Financial Planning, November 2011, by Larry R Frank Sr, John B Mitchell, and David M. Blanchett.
The Journal of Financial Planning is published by the Financial Planning Association® (FPA®) and all information published within is the sole property of FPA.
This paper was presented to the Academy of Financial Services in Denver CO, October 9th, 2010 (see Proceedings for other papers presented), and the working paper with data is also available at Social Sciences Research Network.
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