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Welcome to the 2017 AFS Annual Meeing, being held this year, in conjunction with FPA in Nashville!
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Monday, October 2 • 1:30pm - Saturday, October 28 • 2:30pm
H2b The Psychology of Portfolio Withdrawal Rates

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Spending down retirement assets is a rational behavior undertaken by retirees to maximize utility from consumption over the lifecycle; however, the literature on post-retirement spending suggests that actual behavior may deviate from rational expectations. The concern expressed by older consumers about transitioning from retirement saving to retirement spending is psychologically challenging, even when the ability and motivation to spend are present. This study investigates how psychological characteristics combine to support the portfolio withdrawal behavior of retirees.

Authors: Sarah Asebedo, Ph.D., Chris Browning, Ph.D.


Sarah Asebedo, Ph.D., CFP®

Assistant Professor, Texas Tech University

Monday October 2, 2017 1:30pm - Saturday October 28, 2017 2:30pm

Attendees (3)