Socially Responsible Investing (SRI), also known as sustainable, socially conscious, or ethical
investing, describes an investment strategy that seeks to maximize both financial return …

This paper demonstrates how two simple formulas can be used to determine the optimal
portfolio withdrawal amount each year during retirement. The first formula, which is called the …

• This paper advances the “secondgeneration approach” to the sustainable withdrawal rate
question. The study evaluates the ongoing sustainability of the withdrawal rate that is …

… Little research (see Garrison, Sera, and Cribbs 2010 for a recent exception) has explored
the dynamic effect of changing the portfolio allocation within the simulation, as has been …

… David M. Blanchett, CFA, is head of retirement research and Philip U. Straehl is a senior
research consultant and portfolio manager at Morningstar Investment Management, Chicago. …

… (david.blanchett@morningstar.com) This paper extends the three-dimensional (3-D)
distribution model developed in the work of Frank, Mitchell, and Blanchett (hereafter FMB) (2011 …

The majority of research on sustainable withdrawal strategies has used either historical
rolling time periods or a stochastic (Monte Carlo) simulation process based on long-term …

… This approach is similar to a concept introduced by Blanchett, Kowara, and Chen (2012),
which was used to estimate the “sustainable spending rate.” … Quine, Susan, Yvonne Wells …

Optimal safe initial withdrawal rates can differ significantly across relatively similar retiree
household scenarios and to a much larger extent than has been commonly noted in retirement …

Debate continues regarding how an investor’s equity allocation should change during
retirement. This study tests four different changing equity glide path shapes: increasing, …