The value of retirement income streams
the value of military retirement
DOI:
https://doi.org/10.1016/S1057-0810(02)00097-5Keywords:
Retirement, Valuation, Portfolio choice, PensionsAbstract
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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