Socially Responsible Investing (SRI), also known as sustainable, socially conscious, or ethical
investing, describes an investment strategy that seeks to maximize both financial return …

• This paper advances the “secondgeneration approach” to the sustainable withdrawal rate
question. The study evaluates the ongoing sustainability of the withdrawal rate that is …

… Little research (see Garrison, Sera, and Cribbs 2010 for a recent exception) has explored
the dynamic effect of changing the portfolio allocation within the simulation, as has been …

… Blanchett, CFA, is head of retirement research and Philip U. Straehl is a senior research
consultant and portfolio manager at Morningstar Investment Management, Chicago. …

The majority of research on sustainable withdrawal strategies has used either historical
rolling time periods or a stochastic (Monte Carlo) simulation process based on long-term …

… This approach is similar to a concept introduced by Blanchett, Kowara, and Chen (2012),
which was used to estimate the “sustainable spending rate.” … Blanchett, David, Maciej Kowara …

… Because a slightly modified version of the WER equation was used in this paper versus
Blanchett et al. (2012), new optimal parameters for the DC approach were estimated. The same …

… The utility model used for this analysis was based on the model introduced by Blanchett
and Kaplan (2013) where the risk tolerance parameter and the elasticity of intertemporal …

… This paper uses an autoregressive return simulation model similar to the one introduced
by Blanchett et al. (2013) that incorporates low bond yields, yet assumes yields drift toward a …

Past distribution research has focused primarily on determining sustainable withdrawal
strategies based on fixed distribution periods, such as 30 years. While such research provides …