Combining Investment and Tax Strategies for Optimizing Lifetime Solvency under Uncertain Returns and Mortality

Combining Investment and Tax Strategies for Optimizing Lifetime Solvency under Uncertain Returns and Mortality

This paper considers investors who are looking to maximize their probability of remaining solvent throughout their lifetime by using an algorithm that aims to optimize their investment allocation strategy and optimize their tax strategy for withdrawal allocations between tax deferred accounts (TDAs)...

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Bibliographic Details
Main Authors: Sanjiv R. Das, Daniel Ostrov, Aviva Casanova, Anand Radhakrishnan, Deep Srivastav
Format: Article
Language:English
Published: MDPI AG 2021-06-01
Series:Journal of Risk and Financial Management
Subjects:
goals-based wealth management
dynamic programming
retirement planning
taxes
Monte Carlo methods
mortality
Online Access:https://www.mdpi.com/1911-8074/14/7/285

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