Faculty Publications


Retirement Risks: It All Starts With Longevity

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With retirement, one sometimes sees the terms accumulation and decumlation. The accumulation phase is the pre-retirement period when we work and save for retirement. Upon retiring, decumulation begins. We need to determine the best way to spend down our assets and obtain lifelong income. When saving for retirement, the focus tends to be on asset growth and total returns. But after retiring the goal becomes to maintain a standard of living.