Life-cycle Finance and the Dimensional Managed DC® Solution
Pension plans are like cars, according to Nobel laureate Robert Merton. People want a car they can drive and a pension that will maintain their standard of living in retirement; they do not care about what goes on under the hood. Advisors, however, must care. So when a new pension-like option hits the market, as Dimensional Retirement’s Dimensional Managed DC® recently did, it’s important to go beyond simply kicking the tires and carefully examine how it works as a retirement- saving vehicle.
Pfau, Wade, "Life-cycle Finance and the Dimensional Managed DC® Solution" (2012). Faculty Publications. 162.