DocumentCode
1052056
Title
Retirement Calculus [Wireless Investor]
Author
Blakey, P.
Author_Institution
Northern Arizona Univ., Flagstaff
Volume
8
Issue
4
fYear
2007
Firstpage
18
Lastpage
20
Abstract
This paper presents a quantitative approach for estimating retirement numbers and the levels of savings needed to achieve them. The analysis incorporates insights provided by modern financial theory. It is careful to eliminate the "money illusion," i.e., the tendency to assume that future dollars will have the same purchasing power as current dollars, which leads to underestimation of the retirement number. It also includes several factors which, if neglected, can cause significant overestimation of the retirement number.
Keywords
financial management; termination of employment; die broke strategy; modern financial theory; retirement number; retirement savings; Aging; Calculus; Engineering profession; Fluctuations; H infinity control; Pediatrics; Performance analysis; Remuneration; Retirement; Uncertainty;
fLanguage
English
Journal_Title
Microwave Magazine, IEEE
Publisher
ieee
ISSN
1527-3342
Type
jour
DOI
10.1109/MMW.2007.383935
Filename
4271261
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