Chapter

Comparing Spending Approaches in Retirement

John Ameriks, Michael Hess and Liqian Ren

in Reorienting Retirement Risk Management

Published in print August 2010 | ISBN: 9780199592609
Published online September 2010 | e-ISBN: 9780191594618 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199592609.003.0011
Comparing Spending Approaches in Retirement

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This chapter describes and evaluates alternative approaches to spending in retirement, including income annuities, common rules of thumb for spending used by financial planners and advisors, and the spending rules that have been incorporated into payout funds, a relatively new type of investment product designed to be used by investors in the spending stage of life.

Keywords: retirement spending; annuity; rules of thumb; payout funds; longevity risk

Chapter.  6560 words.  Illustrated.

Subjects: Pensions

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