TITLE

THE HISTORICAL RETIREMENT INCOME PROJECTOR MODEL - UPDATED, UPGRADED, AND MORE ACCESSIBLE

AUTHOR(S)
Everett, Michael D.; Anthony, Murray S.; Burkette, Gary D.
PUB. DATE
June 2007
SOURCE
Journal of Personal Finance;2007, Vol. 6 Issue 2/3, p62
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article presents a more accessible and enhanced revision of a retirement income projector model which uses actual (not average) yearly historical returns (Everett, 1995; Everett & Anthony, 2002). This allows users to test drive different portfolio strategies over different historical time periods and evaluate the outcomes. The program builds existing retirement assets and new savings up until retirement, then during retirement the model takes out enough accumulated assets to supplement other retirement income sources to meet target retirement income. The authors converted the program to a widely accessible spreadsheet software (Excelâ„¢) and upgraded the program to consider increased medical costs and decreased Social Security benefits during retirement. The revised model also incorporates easy-to-read output charts and updated asset returns data through 2005. Financial advisors and laypersons with basic Excelâ„¢ spreadsheet skills should find this model useful for analyzing individual risk-return tradeoffs for long-term retirement portfolios using different investment strategies.
ACCESSION #
32599946

 

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