Unfunded personal pension liabilities

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.


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

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