Faculty Publications


An Asset Hiding in Plain Sight

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What doRobert C. Merton, Nobel Laureate and MIT Professor ; Wade Pfau, Princeton PhD, CFA, Professor of Retirement Income at the American College; John Salter, PhD, CFP, Associate Professor Department of Personal Financial Planning at Texas Tech University; and Barry S. Sacks, MIT PhD, Harvard JD have in common? One answer would be that they, like other academicians in a range of disciplines, are concerned that American Boomer retirees will fall woefully short in providing for themselves as they begin to draw against their defined contribution plans.