Toward Determining the Optimal Investment Strategy for Retirement

• Published in: The journal of retirement Vol. 7; no. 1; pp. 35 - 42
• Main Authors: Estrada, Javier, Kritzman, Mark
• Format: Journal Article
• Language: English
• Published: London Pageant Media 31.07.2019
• Subjects: Advisors; Asset allocation; Economic models; Expected utility; Failure; Government bonds; Investment policy; Investments; Investors; Retirement; Stocks; Success; Utility functions

Investors who are about to retire are first and foremost concerned with supporting their spending needs throughout retirement. But they also derive satisfaction from growing their wealth beyond what is needed to support consumption in order to leave a bequest to their heirs or chosen charities. The...