Unfunded personal pension liabilities

EREVN
EREVN
Aug 28, 2016 · 7 min read

This rule determines whether a retrenchment is required at any time, and if so how much.



investment risk translates directly into consumption risk

1966 retiree
1980 retiree



Even with smoothing, the true underlying, unsmoothed risk is realized whenever there is a long period of disappointing returns


1966 retiree. VPW with Steiner smoothing.

EREVN

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EREVN

Learn how to enjoy early retirement in Vietnam. With charts and graphs.

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