The Retirement Glidepath: An International Perspective

@article{Estrada2016TheRG,
  title={The Retirement Glidepath: An International Perspective},
  author={Javier Estrada},
  journal={The Journal of Investing},
  year={2016},
  volume={25},
  pages={28-54}
}
All individuals need to decide how much to save during their working years, how much to spend during retirement, and the asset allocation of their portfolio in both periods. A portfolio’s exposure to stocks and bonds affects key variables, such as the probability of portfolio failure, degree of downside protection, and expected bequest. How this exposure should evolve during retirement is the ultimate issue explored in this article. After considering declining-equity, rising-equity, and static… 
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