Horneff, Wolfram J.; Maurer, Raimond H.; Mitchell, Olivia S. - In: Insurance: Mathematics and Economics 42 (2008) 1, pp. 396-408
Financial advisers have developed standardized payout strategies to help Baby Boomers manage their money in their golden years. Prominent among these are phased withdrawal plans offered by mutual funds including the "self-annuitization" or default rules encouraged under US tax law, and fixed...