%0 Journal Article %A Wade Pfau %A Joe Tomlinson %A Steve Vernon %T Practical Applications of A Portfolio Approach to Retirement Income Security %D 2018 %R 10.3905/pa.5.4.255 %J Practical Applications %P 1-4 %V 5 %N 4 %X Prospective retirees face many uncertainties in the attempt to convert their hard-won savings into a reliable stream of income for 20 or 30 years of retirement. Fortunately, they have a range of viable approaches to investing and spending. In A Portfolio Approach to Retirement Income Security, Wade Pfau, Joe Tomlison, and Steve Vernon analyze the problem of retirement planning through the lens of modern portfolio theory. Assets can remain invested in the markets, or thye may be put to work through an annuity purchase. Importantly, retirees and their advisors should consider a portfolio approach that combines these elements to meet each individual’s goals and tolerance for risk. Their article was originally published in The Journal of Retirement. %U https://pa.pm-research.com/content/iijpracapp/5/4/1.1.full.pdf