Magazine article from our research archive:
|
|
Retirement withdrawals: an analysis of the benefits of periodic "midcourse" adjustments
- Article from:
-
Financial Services Review
- Article date:
-
April 1, 2008
- Author:
-
|
Copyright informationCopyright Academy of Financial Services Spring 2008. Provided by ProQuest LLC. (Hide copyright information)
|
Abstract
Much research has addressed the question of how much money can safely be withdrawn from a retirement portfolio without prematurely running out of money (shortfall risk). Instead of constant (inflation adjusted) annual withdrawals, this study uses withdrawal amounts (and optionally, asset allocations) that are modified every five years over a 30-year withdrawal horizon. A bootstrap is used initially to obtain the conditional probability rules. Further simulations demonstrate that periodic (every five years) adjustments can decrease the risk of running out of money as well as increase the amount withdrawn, as compared to a "constant withdrawal amount" strategy.
© 2008 Academy of ...
Related newspaper, magazine, and journal articles:
|
Customers prefer tellers.(automated teller machines)
Australian Banking & Finance;
July 31, 2004 ;
344 words
......five transactions and a pre-selected withdrawal, amount. More than 30 per cent expressed...the option of selecting a preferred withdrawal amount since 2002. The feature is currently...selecting a fast cash or preferred withdrawal amount, as well as whether or not they want...
|
|
Check the Odds on Your Nest Egg.
Kiplinger's Ask Kim Web Column;
August 1, 2003 ;
291 words
......software's scenarios tends to shrink down your monthly withdrawal amount way more than you would generally need to. A big red X...retirement (by retiring later) or decrease your monthly withdrawal amount. The calculator then shows how making each of those changes...
|
|
KATRINA TAX RELIEF BILL PASSED \ DAVIS 401(K) BILL ALSO OFFERED PENALTY...
The Kentucky Post (Covington, KY);
September 16, 2005 ;
248 words
......years. Davis' legislation also would have set the maximum withdrawal amount at $250,000, or 50 percent of the value of the retirement...whichever is greater. The bill approved by the House sets the withdrawal amount at $100,000. The Senate also approved nearly identical...
|
|
The District Takes a Bite Out of State-Issued Bonds
The Washington Post;
October 13, 2002 ;
700+ words
......and then be hit with penalties because they changed the withdrawal amount -- to zero, because there was no more money. Now the IRS...account holders to switch to the third method, in which the withdrawal amount is based on the holder's life expectancy and the account...
|
|
EVERYBODY'S BUSINESS; Tips to tap savings for a lifetime; A new study...
Star Tribune (Minneapolis, MN);
March 19, 2006 ;
700+ words
......rate is 5.5 percent. If the current withdrawal amount is 20 percent above that [target...A 10 percent cut from an initial withdrawal amount of $60,000 would be $54,000. That...rate is 5.5 percent. If the current withdrawal amount is 20 percent below your 5.5 pecent...
|
|
Creating a Cash Flow That Lasts a Lifetime.
Kiplinger's Retirement Report;
March 1, 2004 ;
700+ words
......distributions from the IRA exceed the 4%-plus-inflation withdrawal amount, the excess distribution should be reinvested. A free...Solutions practice of Ernst & Young in New York City. That withdrawal amount serves as an ultraconservative baseline for planning. Raasch...
|
|
Mandatory Withdrawals From IRAs May Require Yearly Recalculation
The Washington Post;
September 5, 1988 ;
693 words
......average interest of 8 percent, the interest would exceed the withdrawal amount for the first few years. Can these current IRAs be rolled...that the IRA income for the year will exceed the mandatory withdrawal amount. However, that covers only the first year-the amount will...
|
|
Texas Inventors Develop Electronic Withdrawals Control Method
US Fed News Service, Including US State News;
January 31, 2008 ;
328 words
......withdrawal device identifier, a drawer identifier, and a withdrawal amount; retrieving from storage in computer memory of the drawee...withdrawal type account, withdrawal period, and maximum withdrawal amount. In typical embodiments, the limitation on drawer location...
|
|
New rules for IRA withdrawals to begin
Post-Tribune (IN);
December 24, 2004 ;
132 words
......IRS of the year-end balance of an IRA. This information can be cross-referenced with the tax return to double-check the withdrawal amount. The penalties for incorrect withdrawals are substantial. so be extra diligent about this going forward. Write to him at...
|
|
ATMs Poised for Transformation
Community Banker;
August 1, 2008 ;
150 words
......no-envelope deposit imaging (including bulk deposits) and personalization (e.g., memory of user preferences, such as standard withdrawal amount). Some industry experts foresee an even greater transformation of ATMs in the future. The machines may soon be able to...
|
|
T. Rowe offering VA income account.(Brief Article)
Investment News;
August 30, 1999 ;
120 words
......Account. During the first five years of account ownership, part or all of the initial investment can be withdrawn. The withdrawal amount is subject to a 5% fee in the first year, declining to 1% in year 5 -- after which withdrawals are not permitted. Monthly...
|
|
Guardian Enhances Variable Annuity Rider.
PR Newswire;
January 3, 2008 ;
700+ words
......help retirees generate a guaranteed withdrawal amount to supplement retirement income that...used to determine the guaranteed withdrawal amount and build more income for their retirement...6% (up from 5%). -- The Lifetime Withdrawal Amount is now available at age 60 (instead...
|
|
Football: Tosh facing a Bellamy test.(Sport)
Wales On Sunday (Cardiff, Wales);
November 4, 2007 ;
242 words
......policy could come in for its first major test this week, writes CHRIS WATHAN. The Wales boss has become fed-up with the constant withdrawal of his players through injury, only to see them play for their clubs soon after missing out on international games. He...
|
|
The Boston Globe Kenneth Hooker Column.
Knight Ridder/Tribune Business News;
February 22, 1999 ;
700+ words
......being taxed. The recalculated method is just that, with the withdrawal amount recalculated each year based on the remaining life expectancy...number by one as each year passes. It's not a flat-rate withdrawal amount, as your explanation suggests. One result: If you or your...
|
|
Starting IRA withdrawals
The Boston Globe;
February 22, 1999 ;
700+ words
......being taxed. The recalculated method is just that, with the withdrawal amount recalculated each year based on the remaining life expectancy...number by one as each year passes. It's not a flat-rate withdrawal amount, as your explanation suggests. One result: If you or your...
|
See all results.
Or, try our
Advanced Search.
|