Optimal withdrawal frequency for sustainable retirement withdrawals
Wiley Online Library » Financial Planning Review
by Stephen M. Horan
1M ago
Abstract Researchers have studied factors that influence the sustainability of retirement withdrawals (e.g., withdrawal rate, withdrawal rules, volatility, asset allocation, taxes, longevity) for 30 years. The frequency of withdrawal patterns (e.g., annual, quarterly, monthly) has escaped inquiry. This study uses Monte Carlo simulation to show that, despite intuitive reasons to believe that dividing retirement withdrawals into smaller amounts over more frequent intervals might control volatility or sequence of return risk, withdrawal frequency has no effect on retirement withdrawal sustainabil ..read more
Visit website
U.S. Black adults' estate planning: The role of financial planner use, inheritance receipt, and life insurance ownership
Wiley Online Library » Financial Planning Review
by Kimberly Watkins, Shinae L. Choi, Miranda Reiter, Megan McCoy, Shelitha Smodic, Cory Thompson, Kenneth White Jr, Bertranna Muruthi
2M ago
Abstract While an emerging body of research has documented the significance of estate planning, there remains limited understanding regarding the extent of Black adults' engagement with estate planning in the United States. The objectives of this study were to examine whether the utilization of financial planners, the status of inheritance receipt, and religion are associated with engagement in estate planning among U.S. Black adults, and how these associations vary based on life insurance policy ownership. Participants for this study were 673 U.S. Black adults aged 25 and older who completed ..read more
Visit website
Dollar cost averaging and fair value dispersion
Wiley Online Library » Financial Planning Review
by Thomas J. O'Brien, Christopher D. Piros
3M ago
Abstract This study proposes a simple theoretical model to compare dollar cost averaging and buy-and-hold strategies for investors who perceive that equity's unobservable fair (intrinsic) value is symmetrically dispersed around the observable price. For reasonable model inputs, the study shows that if the fair value dispersion is relatively high, dollar cost averaging can be superior to a buy-and-hold strategy ..read more
Visit website
From the Executive Editor
Wiley Online Library » Financial Planning Review
by Stephen M. Horan
3M ago
FINANCIAL PLANNING REVIEW, Volume 7, Issue 1, March 2024 ..read more
Visit website
Issue Information
Wiley Online Library » Financial Planning Review
by
3M ago
FINANCIAL PLANNING REVIEW, Volume 7, Issue 1, March 2024 ..read more
Visit website
From the CEO
Wiley Online Library » Financial Planning Review
by Kevin R. Keller
3M ago
FINANCIAL PLANNING REVIEW, Volume 7, Issue 1, March 2024 ..read more
Visit website
Human capital and pandemic‐related stimulus usage
Wiley Online Library » Financial Planning Review
by Sabina Pandey, Michael A. Guillemette, Sarah D. Asebedo
3M ago
Abstract Using nationally representative data from the 2021 National Financial Capability Study (NFCS), this study investigates the association between human capital, as proxied through education and objective financial knowledge, and stimulus payment usage for spending, debt repayment, savings, and investments during the COVID-19 pandemic. The results from a sample of 23,344 observations suggest that human capital relates to differences in how people used their COVID-19 stimulus payments. In particular, the study found that human capital is associated positively with using stimulus payments t ..read more
Visit website
Way of life: A future research agenda for how worldviews impact financial attitudes and behaviors
Wiley Online Library » Financial Planning Review
by Shane Enete, Sean McDowell
5M ago
Abstract The purpose of this paper is to provide a future research agenda to study how worldviews impact financial attitudes and behaviors. In addition, this paper will help operationalize many of the constructs associated with an individual's values and personal worldview. As a result of this research agenda, researchers and financial planners will move towards developing personal value and worldview identification tools that will help individuals more intrinsically adopt savings goals that help meet their life goals ..read more
Visit website
Issue Information
Wiley Online Library » Financial Planning Review
by
6M ago
FINANCIAL PLANNING REVIEW, Volume 6, Issue 4, December 2023 ..read more
Visit website
Optimal decisions under price dynamics for Roth conversions
Wiley Online Library » Financial Planning Review
by James A. DiLellio, Philip M. Goldfeder, Edward F. McQuarrie
6M ago
Abstract Retirees are faced with a variety of choices during their working and retirement years on how to best support their retirement lifestyle and estate planning goals. One of these choices is the option to convert a portion of their pretax savings from a tax-deferred account (TDA) into a tax-exempt Roth account. In this article, we quantify the Roth conversion payoff and when/how it depends on investment returns. We show that, while the use of taxable account assets may produce a larger payoff than early withdrawals from the Roth IRA, large unrealized taxable account gains and estate plan ..read more
Visit website

Follow Wiley Online Library » Financial Planning Review on FeedSpot

Continue with Google
Continue with Apple
OR