Breaking Free from the Safe Withdrawal Rate Paradigm: Extending the Efficient Frontier for Retirement Income
Combining stocks with single-premium immediate annuities (SPIAs) may be the way to optimize a retirement income portfolio for a robust set of circumstances. That is the finding in my article from the February 2013 issue of the Journal of Financial Planning, A Broader Framework for Determining an Efficient Frontier for Retirement Income. I will provide an overview of that article and then delve deeper into some key assumptions and the implications of changing them.
Pfau, Wade, "Breaking Free from the Safe Withdrawal Rate Paradigm: Extending the Efficient Frontier for Retirement Income" (2013). Faculty Publications. 134.