Authors: Dr. Wade Pfau; Joe Tomlinson, FSA, CFP®; Steve Vernon, FSA

Abstract

This project explores various design and implementation details for the Spend Safely in Retirement Strategy (SSiRS), a strategy identified by the authors’ 2017 research project titled Optimizing Retirement Income by Integrating Retirement Plans, IRAs, and Home Equity: A Framework for Evaluating Retirement Income Decisions.

The SSiRS is intended as a baseline retirement strategy, to be used by middle-income workers and retirees to generate retirement income from their IRAs or employer-sponsored defined contribution (DC) retirement plans, such as 401(k) plans. It uses investment options commonly found in IRA and DC administrative platforms, and does not require the ongoing assistance of a financial adviser.

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To access the full article, please go to https://www.soa.org/globalassets/assets/files/resources/research-report/2019/viability-spend-safely.pdf