“…The literature provides varying WR s, from safe WR s (Finke, Pfau and William, 2012) to WR s across a series of percentiles, e.g. 4%, 5%, 6%, 10% (Woerheide and Nanigian, 2012;Frank et. al., 2010;.…”
For Islamic investors, sequencing risk is an omnipresent factor for retirement outcomes. This study shows that simple diversification can provide benefits to reducing the impact of sequencing risk. However, the results from the accumulation and distribution phases suggest that retirement products need to consider approaches that go beyond the received set-andforget approach. The findings point rather to a more dynamic, whole-of-life approach to be adopted by Islamic retirement products.
“…The literature provides varying WR s, from safe WR s (Finke, Pfau and William, 2012) to WR s across a series of percentiles, e.g. 4%, 5%, 6%, 10% (Woerheide and Nanigian, 2012;Frank et. al., 2010;.…”
For Islamic investors, sequencing risk is an omnipresent factor for retirement outcomes. This study shows that simple diversification can provide benefits to reducing the impact of sequencing risk. However, the results from the accumulation and distribution phases suggest that retirement products need to consider approaches that go beyond the received set-andforget approach. The findings point rather to a more dynamic, whole-of-life approach to be adopted by Islamic retirement products.
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