The value of retirement income streams

the value of military retirement

Authors

  • William W. Jennings HQ USAFA/DFM, U.S. Air Force Academy, Academy, CO 80840, USA
  • William Reichenstein Pat and Thomas R. Powers Chair in Investment Management, Department of Finance, Hankamer School of Business, Baylor University, Waco, TX 76798, USA

DOI:

https://doi.org/10.1016/S1057-0810(02)00097-5

Keywords:

Retirement, Valuation, Portfolio choice, Pensions

Abstract

We examine issues surrounding the value of military retirement income. We then provide estimates of the expected present value of this income stream after taxes for singles, married couples, widows and widowers of military retirees. Finally, we contend that individuals should treat the after- tax present value of military retirement income as a bond in their family portfolio. When so considered, it can dramatically affect the family's asset allocation. Published by Elsevier Science Inc.

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Published

2001-12-30

How to Cite

Jennings, W. W., & Reichenstein, W. (2001). The value of retirement income streams: the value of military retirement. Financial Services Review, 10(1-4), 19–35. https://doi.org/10.1016/S1057-0810(02)00097-5

Issue

Vol. 10 No. 1-4 (2001): Financial Services Review

Section

New Original Submission

License

Copyright (c) 2001 Elsevier Science Inc.

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