The 4 percent rule is not safe in a low-yield world
The safety of a 4% initial withdrawal strategy depends on asset return assumptions. Using
historical averages to guide simulations for failure rates for retirees spending an inflation-…
historical averages to guide simulations for failure rates for retirees spending an inflation-…
Alpha, beta, and now… gamma
D Blanchett, P Kaplan - The Journal of Retirement, 2013 - jor.pm-research.com
Investors arguably spend the most time and effort selecting “good” investment funds/managers—the
so-called alpha decision—as well as on the asset-allocation, or beta, decision. …
so-called alpha decision—as well as on the asset-allocation, or beta, decision. …
[PDF][PDF] Dynamic allocation strategies for distribution portfolios: determining the optimal distribution glide path
D Blanchett - Journal of Financial Planning, 2007 - financialplanningassociation.org
Contributions years, should be safe. In no past case has it caused a portfolio to be exhausted
before 33 years.” He goes on to analyze the probability of five different equity portfolios (0 …
before 33 years.” He goes on to analyze the probability of five different equity portfolios (0 …
Exploring the cost of investing in socially responsible mutual funds: An empirical study
DM Blanchett - The Journal of Investing, 2010 - pm-research.com
Socially Responsible Investing (SRI), also known as sustainable, socially conscious, or ethical
investing, describes an investment strategy that seeks to maximize both financial return …
investing, describes an investment strategy that seeks to maximize both financial return …
[PDF][PDF] A dynamic and adaptive approach to distribution planning and monitoring
DM Blanchett, LR Frank - Journal of Financial Planning, 2009 - resource.fpanet.org
• This paper advances the “secondgeneration approach” to the sustainable withdrawal rate
question. The study evaluates the ongoing sustainability of the withdrawal rate that is …
question. The study evaluates the ongoing sustainability of the withdrawal rate that is …
[HTML][HTML] Probability-of-failure-based decision rules to manage sequence risk in retirement
…, JB Mitchell, DM Blanchett - Journal of …, 2011 - financialplanningassociation.org
… Little research (see Garrison, Sera, and Cribbs 2010 for a recent exception) has explored
the dynamic effect of changing the portfolio allocation within the simulation, as has been …
the dynamic effect of changing the portfolio allocation within the simulation, as has been …
The effect of advanced age and equity values on risk preferences
D Blanchett, M Finke, M Guillemette - Journal of Behavioral …, 2018 - Taylor & Francis
The authors analyze the effect equity values and age have on the risk aversion of participants
in US-defined contribution plans using a unique dataset with daily responses to a risk …
in US-defined contribution plans using a unique dataset with daily responses to a risk …
No portfolio is an island
DM Blanchett, PU Straehl - Financial Analysts Journal, 2015 - Taylor & Francis
… David M. Blanchett, CFA, is head of retirement research and Philip U. Straehl is a senior
research consultant and portfolio manager at Morningstar Investment Management, Chicago. …
research consultant and portfolio manager at Morningstar Investment Management, Chicago. …
Planning for a More Expensive Retirement.
Recent asset pricing studies have suggested that demand for stocks since 1980 has driven
expected returns below their historical average. The current yield of risk-free assets in the US …
expected returns below their historical average. The current yield of risk-free assets in the US …
[PDF][PDF] The dynamic implications of sequence risk on a distribution portfolio
L Frank, D Blanchett - Journal of Financial …, 2010 - financialplanningassociation.org
• A practical method for advisers to measure this exposure to sequence risk is through
evaluation of the current probability of failure rate.• The fundamental withdrawal rate formula is …
evaluation of the current probability of failure rate.• The fundamental withdrawal rate formula is …