Faculty Publications


Life-cycle Finance and the Dimensional Managed DC® Solution

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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.