Illustration by Matthew Liderbach Retirement is a longed-for milestone in most workers’ lives, but the transition requires a delicate financial balance. Retirees must anticipate life expectancy, inflation, recurring expenses and more as they manage their investments to ensure their life savings last through their golden years.
A study by Doug Waggle, professor of finance at the University of West Florida, and Pankaj Agrrawal, Nicolas M. Salgo Professor of Finance at the University of Maine, simulated five potential approaches, or glide paths, to assess their performance amid fluctuating stock prices and other uncertainties. Their findings countered the approach that most financial […]
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