3 citations · 3 across the 2 of their papers we have counts for
2 papers
q-fin.CP2022★ 3 cited
Optimal performance of a tontine overlay subject to withdrawal constraints
Peter A. Forsyth, Kenneth R. Vetzal, G. Westmacott
We consider the holder of an individual tontine retirement account, with maximum and minimum withdrawal amounts (per year) specified. The tontine account holder initiates the accou…
q-fin.CP2021
Optimal control of the decumulation of a retirement portfolio with variable spending and dynamic asset allocation
Peter A. Forsyth, Kenneth R. Vetzal, Graham Westmacott
We extend the Annually Recalculated Virtual Annuity (ARVA) spending rule for retirement savings decumulation to include a cap and a floor on withdrawals. With a minimum withdrawal…