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Defined Contribution

Spending in RetirementSpendinginRetirement

Jul 3, 2020

15 mins read

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Most investment solutions have been designed under the assumption that retirement spending is the same for all individuals, but the reality is the characteristics of retiree expenses vary greatly. For solutions to be successful in providing retirement income, they will need to better address the different types of spending workers will experience after they leave the workforce. In this paper, PGIM Defined Contribution focuses on better understanding expenses in retirement and explores the idea of using a “Needs and Wants” framework for designing income-oriented investment solutions.

PGIM’s defined contribution and QMA teams, along with special guest Professor Michael Finke, also held a webinar to discuss their findings and to examine how providing more participant customization can help improve outcomes.

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    DEFINED CONTRIBUTION

     

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