| Description |
1 online resource (viii, 128 pages). |
| Physical Medium |
polychrome. |
| Description |
text file |
| Series |
Retirement issues, plans and lifestyles
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Retirement issues, plans and lifestyles.
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| Bibliography |
Includes bibliographical references and index. |
| Contents |
FINANCIAL ASSET MANAGEMENT AND WEALTH IN RETIREMENT; RETIREMENT ISSUES, PLANS AND LIFESTYLES; CONTENTS; PREFACE; THE TRAJECTORY OF WEALTH IN RETIREMENT ; ABSTRACT; 1. INTRODUCTION; 2. DATA; 2.1. Methods; 2.2. Characteristics of the Sample; 2.3. The Composition and Level of Comprehensive Wealth in the HRS; 3. A MEASURE OF ANNUALIZED WEALTH FOR RETIREES; 3.1. Definition of Annualized Wealth; 3.2. Annualized Wealth and the Life Cycle Model; 3.3. Annualized Wealth and Joint Life Annuities; 3.4. Discussion of Annualized Wealth; 3.5. Annualized Wealth in the HRS. |
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4. NONPARAMETRIC AGE PROFILES OF COMPREHENSIVE WEALTH IN THE HRS4.1. Methodology; 4.2. Results; 5. REGRESSION-BASED AGE PROFILES OF COMPREHENSIVE WEALTH IN THE HRS; 5.1. Methodology; 5.2. Results; 5.3. The Effect of Capital Gains on the Estimated Age Profiles; 6. PREDICTED AGE PROFILES FOR ANNUALIZED COMPREHENSIVE WEALTH FROM LIFE CYCLE MODEL SIMULATIONS; 6.1. Description of the Models We Consider; 6.2. Comparison of Age Profiles from the HRS and the Model Simulations; 7. CONCLUSION; REFERENCES; APPENDIX 1: PRESENT VALUE CALCULATIONS FOR THE ANNUITY-LIKE COMPONENTS OF COMPREHENSIVE WEALTH. |
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Defined Benefit Pension BenefitsSocial Security Benefits; Annuities and Welfare Benefits; APPENDIX 2: DETAILED DESCRIPTION OF THE LIFE CYCLE MODEL SIMULATIONS REPORTED IN THE PAPER; Simulation Results; Baseline Life Cycle Model; Effect of Uncertain Longevity; Effect of a Bequest Function; Effect of Differential Mortality by Wealth; Effect of Random Medical Expenses; End Notes; CONVERTING RETIREMENT SAVINGS INTO INCOME: ANNUITIES AND PERIODIC WITHDRAWALS ; SUMMARY; INTRODUCTION; THE NATURE OF RISK IN RETIREMENT; Longevity Risk; Inflation Risk; Investment Risk; Unexpected Events. |
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ANNUITIES AS A SOURCE OF RETIREMENT INCOMEThe Current Market for Annuities; Group Annuities; Individual Annuities; Timing of Payments; Rates of Return; Inflation Protection Options; Tax Treatment of Annuities; Taxation of Income from a Fixed Annuity; Taxation of Income from a Variable Annuity; Tax Exclusion for Long-Term Care Insurance; Consumer Protections and the Regulatory Environment; State Regulation of Annuities; Federal Regulation of Annuities; Why Is Demand for Individual Annuities So Low?; Complexity and Lack of Transparency in Annuity Expenses. |
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Lack of Flexibility in Dealing with Unexpected ExpensesRETIREMENT ACCOUNT WITHDRAWAL STRATEGIES; HOW LONG WILL A RETIREMENT ACCOUNT LAST WITH FIXED ANNUAL WITHDRAWALS?; Initial Rate of Withdrawal; Investment Portfolio; Probability of Assets Lasting for at Least a Specific Number of Years; Portfolio of 65% Stocks and 35% Bonds; Portfolio of 35% Stocks and 65% Bonds; Estimates Incorporating Life Expectancy; Estimates of Variable Annual Withdrawals; SUMMARY OF WITHDRAWAL STRATEGIES: BALANCING RISKS; APPENDIX A. WHAT IS ""MONTE CARLO"" ANALYSIS?; APPENDIX B. UNITED STATES LIFE TABLES, 2004. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Cost and standard of living -- United States -- Econometric models.
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Cost and standard of living. |
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United States. |
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Econometric models. |
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Retirement income -- United States -- Econometric models.
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Retirees -- United States -- Economic conditions.
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Retirement income. |
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Retirees. |
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Wealth -- United States -- Econometric models.
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Wealth. |
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Economic conditions. |
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BUSINESS & ECONOMICS -- Personal Finance -- Retirement Planning. |
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Cost and standard of living -- Econometric models. |
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Retirees -- Economic conditions. |
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Retirement income -- Econometric models. |
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Wealth -- Econometric models. |
| Genre/Form |
Electronic books.
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| Added Author |
Waverly, Terrance G.
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| Other Form: |
Print version: Financial asset management and wealth in retirement New York : Nova Science Publishers, c2010. 9781607416968 (hbk.) (DLC) 2010016687 |
| ISBN |
9781613246061 ebook |
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1613246064 |
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9781607416968 hardback |
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1607416964 hardback |
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