How to Make Time Segmentation Work in Practice: Three Options for Extending a Bond Ladder
For time segmentation to work, there must be a clear procedure for how to extend the bond ladder. Unfortunately, with its varied implementation, that procedure is often overlooked. I will examine the potential for time segmentation by considering three different ways to implement it.
Pfau, Wade D. PhD, "How to Make Time Segmentation Work in Practice: Three Options for Extending a Bond Ladder" (2017). Faculty Publications. 749.