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North American Actuarial Journal Volume 17, 2013 - Issue 3
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Feature Articles

Research and Reality: A Literature Review on Drawing Down Retirement Financial Savings

Bonnie-Jeanne MacDonald Department of Economics, Dalhousie University, Halifax, Nova Scotia, Canada
,
Bruce Jones Department of Statistical and Actuarial Sciences, University of Western Ontario, London, Ontario, Canada
,
Richard J. Morrison Human Resources and Skills Development Canada, Ottawa, Ontario, Canada (retired)
,
Robert L. Brown Department of Statistics and Actuarial Sciences, University of Waterloo, Waterloo, Ontario, Canada
&
Mary Hardy Department of Statistics and Actuarial Sciences, University of Waterloo, Waterloo, Ontario, Canada
Pages 181-215 | Published online: 11 Sep 2013

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An Chen, Stefan Schelling & Nils Sørensen. (2023) On the impact of low interest rates on common withdrawal rules in old age. The European Journal of Finance 29:9, pages 999-1021.
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Maximilian Bär & Nadine Gatzert. (2023) Products and Strategies for the Decumulation of Wealth during Retirement: Insights from the Literature. North American Actuarial Journal 27:2, pages 322-340.
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Peter A. Forsyth. (2022) A Stochastic Control Approach to Defined Contribution Plan Decumulation: “The Nastiest, Hardest Problem in Finance”. North American Actuarial Journal 26:2, pages 227-251.
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Peter A. Forsyth, Kenneth R. Vetzal & Graham Westmacott. (2019) Management of Portfolio Depletion Risk through Optimal Life Cycle Asset Allocation. North American Actuarial Journal 23:3, pages 447-468.
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Colin M. Ramsay & Victor I. Oguledo. (2018) The Annuity Puzzle and an Outline of Its Solution. North American Actuarial Journal 22:4, pages 623-645.
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Articles from other publishers (25)

Peter A. Forsyth, Kenneth R. Vetzal & Graham Westmacott. (2023) Optimal performance of a tontine overlay subject to withdrawal constraints. ASTIN Bulletin, pages 1-35.
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Franziska Unger, Martina Steul-Fischer & Nadine Gatzert. (2022) How default effects and decision timing affect annuity uptake and health consciousness. The Geneva Papers on Risk and Insurance - Issues and Practice.
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Arun Aggarwal, Dinesh Jaisinghani & Kamrunnisha Nobi. (2022) Effect of organizational justice and support on organizational commitment and employee turnover intentions: the mediating role of employee engagement. International Journal of Quality and Service Sciences 14:4, pages 525-554.
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Peter A. Forsyth. (2022) Short term decumulation strategies for underspending retirees. Insurance: Mathematics and Economics 102, pages 56-74.
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Peter A. Forsyth, Kenneth R. Vetzal & Graham Westmacott. (2021) OPTIMAL CONTROL OF THE DECUMULATION OF A RETIREMENT PORTFOLIO WITH VARIABLE SPENDING AND DYNAMIC ASSET ALLOCATION. ASTIN Bulletin 51:3, pages 905-938.
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Aaron Bruhn & Anthony Asher. (2020) The primacy of ethics in the provision of financial advice. Accounting & Finance 61:2, pages 3305-3327.
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Najat El Mekkaoui & Jorge Miguel Bravo. (2021) Drawing Down Retirement Financial Savings: A Welfare Analysis using French data. Drawing Down Retirement Financial Savings: A Welfare Analysis using French data.
PETER A. FORSYTH. (2021) TWO STAGE DECUMULATION STRATEGIES FOR DC PLAN INVESTORS. International Journal of Theoretical and Applied Finance 24:01, pages 2150007.
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Peter A. Forsyth. (2020) Optimal dynamic asset allocation for DC plan accumulation/decumulation: Ambition-CVAR. Insurance: Mathematics and Economics 93, pages 230-245.
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Peter A. Forsyth, Kenneth R. Vetzal & Graham Westmacott. (2020) OPTIMAL ASSET ALLOCATION FOR DC PENSION DECUMULATION WITH A VARIABLE SPENDING RULE. ASTIN Bulletin 50:2, pages 419-447.
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Bonnie-Jeanne MacDonald. (2019) New Canada Pension Plan Enhancements: What Will They Mean for Canadian Seniors?. Canadian Public Policy 45:4, pages 403-427.
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Peter A. Forsyth & Kenneth R. Vetzal. (2019) Defined Contribution Pension Plans: Who Has Seen the Risk?. Journal of Risk and Financial Management 12:2, pages 70.
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Aaron Bruhn. (2018) Relying on the heuristic of trust: a case study. Accounting & Finance 59:S1, pages 333-357.
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Aaron Bruhn. (2018) Trust in, trust out: a real cost of sudden and significant financial loss. Accounting & Finance 59:S1, pages 359-381.
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Maria Alexandrova & Nadine Gatzert. (2019) What Do We Know About Annuitization Decisions?. Risk Management and Insurance Review 22:1, pages 57-100.
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Bonnie-Jeanne MacDonald, Richard J. Morrison, Marvin Avery & Lars Osberg. (2018) DRAWING DOWN RETIREMENT SAVINGS—DO PENSIONS, TAXES AND GOVERNMENT TRANSFERS MATTER MUCH FOR OPTIMAL DECISIONS?. ASTIN Bulletin 48:3, pages 1277-1306.
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M.A.H. Dempster, Dwayne Kloppers, Elena Medova, Igor Osmolovsky & Philipp Ustinov. (2016) Lifecycle Goal Achievement or Portfolio Volatility Reduction?. The Journal of Portfolio Management 42:2, pages 99-117.
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Charles SutcliffeCharles Sutcliffe. 2016. Finance and Occupational Pensions. Finance and Occupational Pensions 247 299 .
Aizhan Anarkulova, Scott Cederburg, Michael S. O'Doherty & Richard W. Sias. (2022) The Safe Withdrawal Rate: Evidence from a Broad Sample of Developed Markets. SSRN Electronic Journal.
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Anqi Chen & Alicia Munnell. (2020) How Much Taxes Will Retirees Owe on Their Retirement Income?. SSRN Electronic Journal.
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Peter Forsyth & Kenneth R. Vetzal. (2019) Defined Contribution Pension Plans: Who Has Seen the Risk?. SSRN Electronic Journal.
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Bonnie-Jeanne MacDonald. (2018) Headed for the Poorhouse: How to Ensure Seniors Don't Run Out of Cash Before They Run Out of Time. SSRN Electronic Journal.
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Bonnie-Jeanne MacDonald, Richard J. Morrison, Marvin Avery & Lars Osberg. (2017) Drawing Down Retirement Savings - Do Pensions, Taxes and Government Transfers Matter Much for Optimal Decisions?. SSRN Electronic Journal.
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John R. Evans, Amandha Ganegoda & Toby Razeed. (2015) A Threat to the Viability of the SGL Retirement System: The Risk Management Mitigation Necessary for the Creation of a Viable Lifetime Annuity Market in Australia. SSRN Electronic Journal.
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M. A. H. Dempster, Dwayne Kloppers, Igor Osmolovskiy, Elena Medova & Philipp Ustinov. (2015) Life Cycle Goal Achievement or Portfolio Volatility Reduction?. SSRN Electronic Journal.
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