Comprehensive Financial Planning for a Sustainable Retirement <sup>†</sup>

Nabil Tahani & Chris Robinson

Financial Planning Research Journal2024https://doi.org/10.2478/fprj-2024-0002article
ABDC C
Weight
0.30

What the paper says

Abstract We demonstrate a comprehensive approach to the dual problems of saving enough for retirement and determining how much saving is enough at retirement date, using a probabilistic (stochastic) model. Our model estimates the probability of success of a comprehensive plan that spans the life cycle. Retirement plans are riskier than the financial planners’ deterministic models show, using a simple case study as a comparative example. Variables the family can control for a successful retirement plan are the patterns of pre-retirement saving and retirement consumption, the probability of running out of money in retirement that the family will accept, and the age of retirement.

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https://doi.org/https://doi.org/10.2478/fprj-2024-0002

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@article{nabil2024,
  title        = {{Comprehensive Financial Planning for a Sustainable Retirement <sup>†</sup>}},
  author       = {Nabil Tahani & Chris Robinson},
  journal      = {Financial Planning Research Journal},
  year         = {2024},
  doi          = {https://doi.org/https://doi.org/10.2478/fprj-2024-0002},
}

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Comprehensive Financial Planning for a Sustainable Retirement <sup>†</sup>

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Evidence weight

0.30

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.00 × 0.4 = 0.00
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.