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Financial asset management and wealth in retirement /
| Clasificación: | Libro Electrónico |
|---|---|
| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
New York :
Nova Science Publishers,
c2010.
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| Colección: | Retirement issues, plans and lifestyles.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- FINANCIAL ASSET MANAGEMENT AND WEALTH IN RETIREMENT; RETIREMENT ISSUES, PLANS AND LIFESTYLES; CONTENTS; PREFACE; THE TRAJECTORY OF WEALTH IN RETIREMENT ; ABSTRACT; 1. INTRODUCTION; 2. DATA; 2.1. Methods; 2.2. Characteristics of the Sample; 2.3. The Composition and Level of Comprehensive Wealth in the HRS; 3. A MEASURE OF ANNUALIZED WEALTH FOR RETIREES; 3.1. Definition of Annualized Wealth; 3.2. Annualized Wealth and the Life Cycle Model; 3.3. Annualized Wealth and Joint Life Annuities; 3.4. Discussion of Annualized Wealth; 3.5. Annualized Wealth in the HRS.
- 4. NONPARAMETRIC AGE PROFILES OF COMPREHENSIVE WEALTH IN THE HRS4.1. Methodology; 4.2. Results; 5. REGRESSION-BASED AGE PROFILES OF COMPREHENSIVE WEALTH IN THE HRS; 5.1. Methodology; 5.2. Results; 5.3. The Effect of Capital Gains on the Estimated Age Profiles; 6. PREDICTED AGE PROFILES FOR ANNUALIZED COMPREHENSIVE WEALTH FROM LIFE CYCLE MODEL SIMULATIONS; 6.1. Description of the Models We Consider; 6.2. Comparison of Age Profiles from the HRS and the Model Simulations; 7. CONCLUSION; REFERENCES; APPENDIX 1: PRESENT VALUE CALCULATIONS FOR THE ANNUITY-LIKE COMPONENTS OF COMPREHENSIVE WEALTH.
- Defined Benefit Pension BenefitsSocial Security Benefits; Annuities and Welfare Benefits; APPENDIX 2: DETAILED DESCRIPTION OF THE LIFE CYCLE MODEL SIMULATIONS REPORTED IN THE PAPER; Simulation Results; Baseline Life Cycle Model; Effect of Uncertain Longevity; Effect of a Bequest Function; Effect of Differential Mortality by Wealth; Effect of Random Medical Expenses; End Notes; CONVERTING RETIREMENT SAVINGS INTO INCOME: ANNUITIES AND PERIODIC WITHDRAWALS ; SUMMARY; INTRODUCTION; THE NATURE OF RISK IN RETIREMENT; Longevity Risk; Inflation Risk; Investment Risk; Unexpected Events.
- ANNUITIES AS A SOURCE OF RETIREMENT INCOMEThe Current Market for Annuities; Group Annuities; Individual Annuities; Timing of Payments; Rates of Return; Inflation Protection Options; Tax Treatment of Annuities; Taxation of Income from a Fixed Annuity; Taxation of Income from a Variable Annuity; Tax Exclusion for Long-Term Care Insurance; Consumer Protections and the Regulatory Environment; State Regulation of Annuities; Federal Regulation of Annuities; Why Is Demand for Individual Annuities So Low?; Complexity and Lack of Transparency in Annuity Expenses.
- Lack of Flexibility in Dealing with Unexpected ExpensesRETIREMENT ACCOUNT WITHDRAWAL STRATEGIES; HOW LONG WILL A RETIREMENT ACCOUNT LAST WITH FIXED ANNUAL WITHDRAWALS?; Initial Rate of Withdrawal; Investment Portfolio; Probability of Assets Lasting for at Least a Specific Number of Years; Portfolio of 65% Stocks and 35% Bonds; Portfolio of 35% Stocks and 65% Bonds; Estimates Incorporating Life Expectancy; Estimates of Variable Annual Withdrawals; SUMMARY OF WITHDRAWAL STRATEGIES: BALANCING RISKS; APPENDIX A. WHAT IS ""MONTE CARLO"" ANALYSIS?; APPENDIX B. UNITED STATES LIFE TABLES, 2004.