Evidence shows alarming numbers of US workers nearing retirement insufficiently save for
this next life stage. Moreover, many women invest too conservatively. This finding is of …

More and more defined contribution (DC) plans are offering lifecycle funds as investment
options to their participants Page 1 1 Portfolio Size Effect in Retirement Accounts: What Does It …

Target-date or lifecycle funds have been growing at a very rapid rate over the past few years
and currently are the default option in many employer-sponsored and individual retirement …

Goal-based investing is an approach to wealth management that prioritizes achieving
specific financial goals. It is naturally formulated as a sequential decision-making problem …

Financial advisors commonly recommend that the investment horizon should be rather long
in order to benefit from the 'time diversification'. In this case, in order to choose the optimal …

This paper looks at standard retirement targets such as “70@ 65,” meaning 70% income
replacement at age 65, and reconsiders them in a probabilistic setting. The paper uses a …

The current research explores the influence of implicit self-theories on decisions involving
financial risk. Building from research on self-signaling, we explore how loss salience …

This study uses a block bootstrap method to construct random samples of returns of six
major financial assets and identifies optimal portfolios for three different objectives relating to …

This baseline study examines the retirement adequacy of indigenous Australians. Using
indigenous Australian demographic and employment data, we construct a forty years …

A key challenge for retired investors is determining the stock-bond asset allocation that, for a
given spending rate, minimizes the probability of shortfall—having real wealth drop below a …