How does the main formula for the optimal retirement consumption rate change, in the presence of pension
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How does the main formula for the optimal retirement consumption rate change, in the presence of pension income, when the pension increases annually at a cost-of-living (COLA) rate denoted by z%?
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Related Book For
Strategic Financial Planning Over The Lifecycle A Conceptual Approach To Personal Risk Management
ISBN: 9780521148030
1st Edition
Authors: Narat Charupat, Huaxiong Huang, Moshe A. Milevsky
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