how these interact is of key importance in order to generate efficient retirement portfolios. Additionally, there is … their assets inside and outside tax-qualified retirement plans, their mortality assumptions, and their accrued Social …

We develop a retirement model with long-run income risk in which the wealth threshold for retirement is shown to be a …-dimensional retirement problem. The two-dimensional retirement framework has changed quantitative and qualitative features of retirement … strategies as suggested by the literature. Having derived the optimal life-cycle consumption/savings, investment, and retirement …

used for rebalancing purposes. We argue that the optimal retirement product for a household is much more complex than any …

-annuity world, while being an efficient setup that helps providers to hedge long-term risks that are difficult to hedge otherwise …