GLOBAL RETIREMENT STRATEGY
Franck Nicolas
Chapter 15 in Investment Strategies for Retirement, 2019, pp 381-406 from World Scientific Publishing Co. Pte. Ltd.
Abstract:
Calculating the lifetime retirement income that a defined contribution retirement plan balance can be expected to produce at retirement age is an important step in understanding how plan contributions, and the time horizon over which those contributions are made, impact that potential income. A younger worker armed with retirement income projections may choose to increase contributions, resulting in a higher probability that accumulated retirement savings will produce a sufficient level of lifetime retirement income. An older worker might both increase contributions and also begin planning to retire later, if possible, increasing the time horizon for contributions and investment returns to accumulate…
Keywords: Retirement Investment Strategies; Pension Financing; Retirement Planning; Personal Finance; Retirement Savings; Asset Management (search for similar items in EconPapers)
JEL-codes: D14 J13 (search for similar items in EconPapers)
Date: 2019
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