About

FAQ:

• Frequently Asked Questions

Presentations:

• Investing in Retirement with Floor and Upside Utility - expanded RIIA presentation (2015).

Publications:

• Irlam, G. (2017). Human Capital, Social Security, and Asset Allocation.
• Irlam, G. (2015). Asset Allocation Confidence Intervals in Retirement.
• Irlam, G. (2015). Floor and Upside Investing in Retirement with Real Instruments.
• Irlam, G. (2014). Floor and Upside Investing in Retirement with Nominal SPIAs.
• Irlam, G. (2014). Floor and Upside Investing in Retirement without Annuities.
• Irlam, G. (2014). Portfolio Size Matters. The Journal of Personal Finance. 13(2), 9-16.
• Irlam, G. & Tomlinson, J. (2014). Retirement Income Research: What Can We Learn from Economics?. The Journal of Retirement, 1(4), 118-128.

Research notes:

• Asset Allocator Comparison - 11 asset allocators, 9 different asset allocations
• Simple Rules of Thumb for Investing
• When to Annuitize - annuitize bonds early, stocks late
• Estimating the Coefficient of Relative Risk Aversion for Consumption
• Asset Allocation Cross Validation
• An Introduction to Stochastic Dynamic Programming
• Variable withdrawals - recommended
  • Variable Withdrawals - variable withdrawals offer improved well being over fixed withdrawals
  • Variable Withdrawal Showdown - realistic comparison of asset allocation and withdrawal strategies
  • How Much Does Asset Allocation Matter?
  • Variable Withdrawal Portfolios Should Be Stock Heavy
  • Variable Withdrawal Utility Function Sensitivity - CARA utility increases bonds slightly compared to CRRA
  • Variable Withdrawals When Leaving a Bequest - valuing a bequest causes a tilt to stocks
  • An Efficient Frontier for Non-normal Returns?
• Fixed withdrawals - not recommended
  • Asset Allocation Showdown - SDP outperforms other common asset allocation schemes
  • Portfolio Size and Asset Allocation - portfolio size matters to asset allocation
  • When to Rebalance - rebalance annually with a rebalance band half width of 15%
  • Quantifying Cost Basis Methods - HIFO is only slightly better than avgcost which is only slightly better than FIFO
  • The Cost of Safety - retirement portfolio safety comes at a heavy cost

Code:

• Available under a GNU Affero license on GitHub: https://github.com/gordoni/aiplanner

AACalc was developed by Gordon Irlam.

AACalc is Copyright © 2009, 2011-2017 Gordon Irlam.

I may be contacted as follows: