Ioulia Tretiakova and Advisor.ca columnist Mark Yamada have designed an investment approach that seeks to resolve the tradeoff between two retiree goals: payment certainty and liquidity.
“The heart of this approach is a dynamic investment strategy aimed at sustaining a steady income stream while also minimizing the risk of running out of money. The result is a defined-benefit-like outcome in a defined contribution pension-plan structure,” they write.
Read their study here.
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