In the News

Title

Exploring the Optimal Equity Allocation Path for Retirees

Document Type

Article

Publication Date

12-2015

Abstract

Until recently, a portfolio allocation that evolved over time (meaning followed a “glide path”) to become more conservative after retirement was the widely accepted standard approach.

However, recent studies by Michael Kitces and Wade Pfau (“Reduce Stock Exposure in Retirement, or Gradually Increase It?,”AAII Journal, April 2014) and Luke Delorme (“Mathematical Support for Rising Equity Glide Paths,”