Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Retirement As A Risky Project: Monitoring, Evaluating, and Managing a Retirement Income Portfolio

Retirement As A Risky Project: Monitoring, Evaluating, and Managing a Retirement Income Portfolio

Stampfli, Josh
Collins, Patrick J.

Paperback

Personal Finance

ISBN10: 057834601X
ISBN13: 9780578346014
Publisher: Lightning Source Inc
Published: Mar 11 2022
Pages: 266
Weight: 1.37
Height: 0.56 Width: 8.50 Depth: 11.00
Language: English
Investors, investment advisors, and trustees of irrevocable family trusts face the challenge of providing sustainable periodic cash flows from financial asset portfolios. As the title suggests, this study gives primary emphasis to retirement-income planning for private investors. Initially, the retirement-planning process focuses on designing a portfolio (usually in terms of strategic or tactical asset allocation approaches), deciding on spending (withdrawal) elections, memorializing decisions in a written investment policy statement, and implementing the portfolio through the acquisition of investments. Following the first-stage activities, retirement planning becomes a measuring and managing problem. Although this book does not ignore first-stage activities, it focuses primarily on retirement-income portfolio management where the term management encompasses an assessment of investment resources and goals, elucidation of options, and implementation of a process to decide which options are appropriate and prudent.

Retirement is a risky project. We use the term project in a real-options sense where the investor has the option to accept the project (start retirement immediately), delay the project (postpone the retirement start date), or, health permitting, reject the project (work for the remainder of life). This book demonstrates that real options are rarely binary. Rather, they exist along a decision path where the advisor invites the investor to consider which asset management options are available currently. Real options, evaluated intelligently, offer the investor both risk and opportunity. This book examines retirement risk and opportunity by considering three metrics: feasibility, sustainability, and flexibility.

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