Horneff, Vanya_Lifetime Portfolio Choice and Optimal Retirement Decisions

Horneff, Vanya_Lifetime Portfolio Choice and Optimal Retirement Decisions

Caption

Figure 1: The policy plot for Riester IRA investments on the z-axis displays how much a saver should optimally invest in a Riester IRA given that she has a particular age (x-axis) and level of financial resources (y-axis). Herein it is assumed that the individual has never before made a contribution to the IRA and that she earns the populations’ average income.

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