Even the Experts Can’t Figure Out How to Plan for Retirement Income
An article in The New York Times this August, “How to Enjoy Retirement Without Going Broke,” is a reminder that experts — from Nobel Prize winners to financial advisers — are challenged by planning for retirement income. It also showed that those who provide investment advice are stymied by this almost universal problem for a large part of the retiree market.
On the academic side:
“It’s really nasty. It’s the nastiest, hardest problem I’ve ever looked at,” William Sharpe told the . Sharpe, who won the Nobel Prize in economics, reported his progress on the problem
