Faculty Publications

Title

Lifecycle Finance: An Alternative For A Lifetime Financial Plan

Document Type

Article

Publication Date

3-3-2014

Abstract

Some of the most common rules of thumb used to guide retirement planning include the following: Retirees should be able to sustainably withdraw 4% of their retirement date assets over their retirement, retirees should seek to replace 80% of their pre-retirement income after retiring, and households should save 10% of their salary for retirement.