How best to annuitize defined contribution assets?

AH Munnell, G Wettstein, W Hou - Journal of Risk and …, 2022 - Wiley Online Library
Abstract 401 (k) plans provide little guidance on turning accumulated assets into income.
Insurance against the risk of outliving one's assets is available through immediate annuities …

Identifying economic regimes: Reducing downside risks for university endowments and foundations

JM Mulvey, H Liu - Journal of Portfolio Management, 2016 - search.proquest.com
One of the most durable patterns in market behavior involves contagion--increases in
correlation and volatility--during crash periods such as 2008. This condition can cause major …

[BOOK][B] Improving US Stock Return Forecasts: A'Fair-Value'Cape Approach

JH Davis, R Aliaga-Díaz, H Ahluwalia, R Tolani - 2017 - mebfaber.com
The accuracy of US stock return forecasts based on the cyclically-adjusted P/E (CAPE) ratio
has deteriorated since 1985. The issue is not the CAPE ratio, but CAPE regressions that …

An overview of the pension/OPEB landscape

AH Munnell, JP Aubry - CRR WP, 2016 - papers.ssrn.com
It is impossible to discuss municipal finance without considering the cost of pensions and
other post-retirement employee benefits (OPEB), largest of which is retiree health insurance …

[PDF][PDF] State and local pension plan funding sputters in FY 2016

JP Aubry, CV Crawford, AH Munnell - State and Local Pension Plans, 2017 - dlib.bc.edu
The aggregate funded status of state and local pension plans declined in fiscal year (FY)
2016, because liabilities continued to grow steadily while poor stock market performance led …

[BOOK][B] How Accurate Are Retirees' Assessments of Their Retirement Risk?

W Hou - 2020 - search.proquest.com
Retirees with limited financial resources face numerous risks, including out-living their
money (longevity risk), investment losses (market risk), unexpected health expenses (health …

Forecasting the long-term equity premium for asset allocation

A Sakkas, N Tessaromatis - Financial Analysts Journal, 2022 - Taylor & Francis
Long-term country equity premium forecasts based on a cross-sectional global factor model
(CS-GFM), where factors represent compensation for risks proxied by valuation and financial …

[PDF][PDF] The funding of state and local pensions: 2015-2020

AH Munnell, JP Aubry - Center for Retirement Research at Boston …, 2016 - dlib.bc.edu
The funded status of state and local pension plans based on the Governmental Accounting
Standards Board's traditional rules (GASB 25) increased slightly in 2015. The main reason is …

A Factor- and Goal-Driven Model for Defined Benefit Pensions: Setting Realistic Benefits

JM Mulvey, L Martellini, H Han… - Journal of Portfolio …, 2019 - search.proquest.com
A factor and goal-driven framework for assessing asset allocation and contribution decisions
within defined-benefit pension plans is developed in this article. A critical element is setting …

The best of both worlds: Forecasting us equity market returns using a hybrid machine learning–time series approach

H Wang, H Ahluwalia, RA Aliaga-Díaz… - Available at SSRN …, 2019 - papers.ssrn.com
Predicting long-term equity market returns is of great importance for investors to strategically
allocate their assets. We apply machine learning methods to forecast 10-year-ahead US …