for their input and review: Michael Archer Gavin Benjamin Kevin Binder
Judith Chan Ian Genno Eric …
This web page, provided by the Society of Actuaries Pension Section, contains a link to the June 2011 research paper, 'Research and Reality - A Literature Review on Drawing Down Retirement Financial Savings,' by Bonnie-Jeanne MacDonald, Bruce Jones, Richard J. Morrison, Robert L Brown and Mary Hardy. By reviewing literature that identifies and evaluates the tradeoffs among annuitization and self-managed drawdown strategies, this paper examines the questions 1. How DO Retirees Draw Down their Financial Savings? 2. How COULD Retirees Draw Down their Financial Savings? and 3. How SHOULD Retirees Draw Down their Financial Savings? In doing so, the authors provide not only the perspective of the individual, but also other stakeholders, such as family, government and financial institutions.