id	sid	tid	token	lemma	pos
fsr-3160	1	1	seeking	seek	VERB
fsr-3160	1	2	tax	tax	NOUN
fsr-3160	1	3	alpha	alpha	NOUN
fsr-3160	1	4	in	in	ADP
fsr-3160	1	5	retirement	retirement	NOUN
fsr-3160	1	6	income	income	NOUN
fsr-3160	1	7	james	james	PROPN
fsr-3160	1	8	a.	a.	PROPN
fsr-3160	1	9	dilellioa	dilellioa	PROPN
fsr-3160	1	10	,	,	PUNCT
fsr-3160	1	11	*	*	PROPN
fsr-3160	1	12	,	,	PUNCT
fsr-3160	1	13	andreas	andreas	PROPN
fsr-3160	1	14	simonb	simonb	PROPN
fsr-3160	1	15	adepartment	adepartment	NOUN
fsr-3160	1	16	of	of	ADP
fsr-3160	1	17	decision	decision	NOUN
fsr-3160	1	18	sciences	science	NOUN
fsr-3160	1	19	,	,	PUNCT
fsr-3160	1	20	information	information	NOUN
fsr-3160	1	21	systems	system	NOUN
fsr-3160	1	22	and	and	CCONJ
fsr-3160	1	23	strategy	strategy	NOUN
fsr-3160	1	24	,	,	PUNCT
fsr-3160	1	25	graziadio	graziadio	NOUN
fsr-3160	1	26	business	business	NOUN
fsr-3160	1	27	school	school	NOUN
fsr-3160	1	28	,	,	PUNCT
fsr-3160	1	29	pepperdine	pepperdine	PROPN
fsr-3160	1	30	university	university	PROPN
fsr-3160	1	31	,	,	PUNCT
fsr-3160	1	32	24255	24255	NUM
fsr-3160	1	33	pacific	pacific	PROPN
fsr-3160	1	34	coast	coast	PROPN
fsr-3160	1	35	highway	highway	PROPN
fsr-3160	1	36	,	,	PUNCT
fsr-3160	1	37	malibu	malibu	NOUN
fsr-3160	1	38	,	,	PUNCT
fsr-3160	1	39	ca	ca	NOUN
fsr-3160	1	40	90263	90263	NUM
fsr-3160	1	41	,	,	PUNCT
fsr-3160	1	42	usa	usa	PROPN
fsr-3160	1	43	bleventhal	bleventhal	PROPN
fsr-3160	1	44	school	school	NOUN
fsr-3160	1	45	of	of	ADP
fsr-3160	1	46	accounting	accounting	NOUN
fsr-3160	1	47	,	,	PUNCT
fsr-3160	1	48	marshall	marshall	PROPN
fsr-3160	1	49	school	school	PROPN
fsr-3160	1	50	of	of	ADP
fsr-3160	1	51	business	business	NOUN
fsr-3160	1	52	,	,	PUNCT
fsr-3160	1	53	the	the	DET
fsr-3160	1	54	university	university	NOUN
fsr-3160	1	55	of	of	ADP
fsr-3160	1	56	southern	southern	PROPN
fsr-3160	1	57	california	california	PROPN
fsr-3160	1	58	,	,	PUNCT
fsr-3160	1	59	3660	3660	NUM
fsr-3160	1	60	trousdale	trousdale	PROPN
fsr-3160	1	61	parkway	parkway	PROPN
fsr-3160	1	62	,	,	PUNCT
fsr-3160	1	63	los	los	PROPN
fsr-3160	1	64	angeles	angeles	PROPN
fsr-3160	1	65	,	,	PUNCT
fsr-3160	1	66	ca	ca	NOUN
fsr-3160	1	67	90089	90089	NUM
fsr-3160	1	68	-	-	SYM
fsr-3160	1	69	0441	0441	NUM
fsr-3160	1	70	,	,	PUNCT
fsr-3160	1	71	usa	usa	PROPN
fsr-3160	1	72	abstract	abstract	NOUN
fsr-3160	1	73	we	we	PRON
fsr-3160	1	74	provide	provide	VERB
fsr-3160	1	75	a	a	DET
fsr-3160	1	76	framework	framework	NOUN
fsr-3160	1	77	to	to	PART
fsr-3160	1	78	find	find	VERB
fsr-3160	1	79	an	an	DET
fsr-3160	1	80	optimal	optimal	ADJ
fsr-3160	1	81	decision	decision	NOUN
fsr-3160	1	82	for	for	ADP
fsr-3160	1	83	tax	tax	NOUN
fsr-3160	1	84	-	-	PUNCT
fsr-3160	1	85	efficient	efficient	ADJ
fsr-3160	1	86	retirement	retirement	NOUN
fsr-3160	1	87	income	income	NOUN
fsr-3160	1	88	.	.	PUNCT
fsr-3160	2	1	by	by	ADP
fsr-3160	2	2	developing	develop	VERB
fsr-3160	2	3	a	a	DET
fsr-3160	2	4	model	model	NOUN
fsr-3160	2	5	for	for	ADP
fsr-3160	2	6	income	income	NOUN
fsr-3160	2	7	and	and	CCONJ
fsr-3160	2	8	capital	capital	NOUN
fsr-3160	2	9	gains	gain	NOUN
fsr-3160	2	10	tax	tax	NOUN
fsr-3160	2	11	with	with	ADP
fsr-3160	2	12	stock	stock	NOUN
fsr-3160	2	13	and	and	CCONJ
fsr-3160	2	14	bond	bond	NOUN
fsr-3160	2	15	investments	investment	NOUN
fsr-3160	2	16	in	in	ADP
fsr-3160	2	17	taxdeferred	taxdeferre	VERB
fsr-3160	2	18	,	,	PUNCT
fsr-3160	2	19	tax	tax	NOUN
fsr-3160	2	20	-	-	PUNCT
fsr-3160	2	21	exempt	exempt	ADJ
fsr-3160	2	22	,	,	PUNCT
fsr-3160	2	23	and	and	CCONJ
fsr-3160	2	24	taxable	taxable	ADJ
fsr-3160	2	25	accounts	account	NOUN
fsr-3160	2	26	,	,	PUNCT
fsr-3160	2	27	we	we	PRON
fsr-3160	2	28	identify	identify	VERB
fsr-3160	2	29	three	three	NUM
fsr-3160	2	30	categories	category	NOUN
fsr-3160	2	31	of	of	ADP
fsr-3160	2	32	retirees	retiree	NOUN
fsr-3160	2	33	based	base	VERB
fsr-3160	2	34	on	on	ADP
fsr-3160	2	35	their	their	PRON
fsr-3160	2	36	income	income	NOUN
fsr-3160	2	37	needs	need	NOUN
fsr-3160	2	38	and	and	CCONJ
fsr-3160	2	39	net	net	ADJ
fsr-3160	2	40	worth	worth	NOUN
fsr-3160	2	41	.	.	PUNCT
fsr-3160	3	1	we	we	PRON
fsr-3160	3	2	propose	propose	VERB
fsr-3160	3	3	and	and	CCONJ
fsr-3160	3	4	evaluate	evaluate	VERB
fsr-3160	3	5	a	a	DET
fsr-3160	3	6	simple	simple	ADJ
fsr-3160	3	7	heuristic	heuristic	NOUN
fsr-3160	3	8	to	to	PART
fsr-3160	3	9	determine	determine	VERB
fsr-3160	3	10	the	the	DET
fsr-3160	3	11	optimal	optimal	ADJ
fsr-3160	3	12	retirement	retirement	NOUN
fsr-3160	3	13	income	income	NOUN
fsr-3160	3	14	strategy	strategy	NOUN
fsr-3160	3	15	,	,	PUNCT
fsr-3160	3	16	quantifying	quantify	VERB
fsr-3160	3	17	a	a	DET
fsr-3160	3	18	0.5	0.5	NUM
fsr-3160	3	19	%	%	NOUN
fsr-3160	3	20	annual	annual	ADJ
fsr-3160	3	21	return	return	NOUN
fsr-3160	3	22	benefit	benefit	NOUN
fsr-3160	3	23	.	.	PUNCT
fsr-3160	4	1	we	we	PRON
fsr-3160	4	2	call	call	VERB
fsr-3160	4	3	this	this	DET
fsr-3160	4	4	benefit	benefit	NOUN
fsr-3160	4	5	tax	tax	NOUN
fsr-3160	4	6	alpha	alpha	NOUN
fsr-3160	4	7	and	and	CCONJ
fsr-3160	4	8	show	show	VERB
fsr-3160	4	9	its	its	PRON
fsr-3160	4	10	robustness	robustness	NOUN
fsr-3160	4	11	to	to	ADP
fsr-3160	4	12	varying	vary	VERB
fsr-3160	4	13	model	model	NOUN
fsr-3160	4	14	input	input	NOUN
fsr-3160	4	15	parameters	parameter	NOUN
fsr-3160	4	16	.	.	PUNCT
fsr-3160	5	1	we	we	PRON
fsr-3160	5	2	also	also	ADV
fsr-3160	5	3	suggest	suggest	VERB
fsr-3160	5	4	approaches	approach	NOUN
fsr-3160	5	5	for	for	ADP
fsr-3160	5	6	large	large	ADJ
fsr-3160	5	7	institutions	institution	NOUN
fsr-3160	5	8	or	or	CCONJ
fsr-3160	5	9	fintech	fintech	NOUN
fsr-3160	5	10	firms	firm	NOUN
fsr-3160	5	11	to	to	PART
fsr-3160	5	12	improve	improve	VERB
fsr-3160	5	13	their	their	PRON
fsr-3160	5	14	existing	exist	VERB
fsr-3160	5	15	financial	financial	ADJ
fsr-3160	5	16	planning	planning	NOUN
fsr-3160	5	17	tools	tool	NOUN
fsr-3160	5	18	.	.	PUNCT
fsr-3160	6	1	©	©	ADP
fsr-3160	6	2	2022	2022	NUM
fsr-3160	6	3	academy	academy	NOUN
fsr-3160	6	4	of	of	ADP
fsr-3160	6	5	financial	financial	ADJ
fsr-3160	6	6	services	service	NOUN
fsr-3160	6	7	.	.	PUNCT
fsr-3160	7	1	all	all	DET
fsr-3160	7	2	rights	right	NOUN
fsr-3160	7	3	reserved	reserve	VERB
fsr-3160	7	4	.	.	PUNCT
fsr-3160	8	1	jel	jel	PROPN
fsr-3160	8	2	classifications	classification	NOUN
fsr-3160	8	3	:	:	PUNCT
fsr-3160	8	4	g11	g11	NOUN
fsr-3160	8	5	;	;	PUNCT
fsr-3160	8	6	h21	h21	NOUN
fsr-3160	8	7	keywords	keyword	NOUN
fsr-3160	8	8	:	:	PUNCT
fsr-3160	8	9	retirement	retirement	NOUN
fsr-3160	8	10	income	income	NOUN
fsr-3160	8	11	;	;	PUNCT
fsr-3160	8	12	longevity	longevity	NOUN
fsr-3160	8	13	risk	risk	NOUN
fsr-3160	8	14	;	;	PUNCT
fsr-3160	8	15	tax	tax	NOUN
fsr-3160	8	16	efficiency	efficiency	NOUN
fsr-3160	8	17	;	;	PUNCT
fsr-3160	8	18	asset	asset	NOUN
fsr-3160	8	19	location	location	NOUN
fsr-3160	8	20	1	1	NUM
fsr-3160	8	21	.	.	PUNCT
fsr-3160	8	22	introduction	introduction	NOUN
fsr-3160	8	23	as	as	SCONJ
fsr-3160	8	24	the	the	DET
fsr-3160	8	25	baby	baby	NOUN
fsr-3160	8	26	boomer	boomer	NOUN
fsr-3160	8	27	generation	generation	NOUN
fsr-3160	8	28	exits	exit	VERB
fsr-3160	8	29	the	the	DET
fsr-3160	8	30	workforce	workforce	NOUN
fsr-3160	8	31	,	,	PUNCT
fsr-3160	8	32	their	their	PRON
fsr-3160	8	33	needs	need	NOUN
fsr-3160	8	34	for	for	ADP
fsr-3160	8	35	tax	tax	NOUN
fsr-3160	8	36	-	-	PUNCT
fsr-3160	8	37	efficient	efficient	ADJ
fsr-3160	8	38	use	use	NOUN
fsr-3160	8	39	of	of	ADP
fsr-3160	8	40	their	their	PRON
fsr-3160	8	41	retirement	retirement	NOUN
fsr-3160	8	42	assets	asset	NOUN
fsr-3160	8	43	grow	grow	VERB
fsr-3160	8	44	.	.	PUNCT
fsr-3160	9	1	according	accord	VERB
fsr-3160	9	2	to	to	ADP
fsr-3160	9	3	the	the	DET
fsr-3160	9	4	st	st	PROPN
fsr-3160	9	5	.	.	PROPN
fsr-3160	9	6	louis	louis	PROPN
fsr-3160	9	7	fed	fed	PROPN
fsr-3160	9	8	,	,	PUNCT
fsr-3160	9	9	approximately	approximately	ADV
fsr-3160	9	10	10,000	10,000	NUM
fsr-3160	9	11	u.s	u.s	PROPN
fsr-3160	9	12	.	.	PROPN
fsr-3160	9	13	baby	baby	NOUN
fsr-3160	9	14	boomers	boomer	NOUN
fsr-3160	9	15	expect	expect	VERB
fsr-3160	9	16	to	to	PART
fsr-3160	9	17	retire	retire	VERB
fsr-3160	9	18	every	every	DET
fsr-3160	9	19	day	day	NOUN
fsr-3160	9	20	from	from	ADP
fsr-3160	9	21	2019	2019	NUM
fsr-3160	9	22	to	to	ADP
fsr-3160	9	23	2039.1	2039.1	NUM
fsr-3160	9	24	similar	similar	ADJ
fsr-3160	9	25	trends	trend	NOUN
fsr-3160	9	26	are	be	AUX
fsr-3160	9	27	seen	see	VERB
fsr-3160	9	28	in	in	ADP
fsr-3160	9	29	other	other	ADJ
fsr-3160	9	30	western	western	ADJ
fsr-3160	9	31	countries	country	NOUN
fsr-3160	9	32	,	,	PUNCT
fsr-3160	9	33	like	like	ADP
fsr-3160	9	34	the	the	DET
fsr-3160	9	35	united	united	PROPN
fsr-3160	9	36	kingdom	kingdom	PROPN
fsr-3160	9	37	,	,	PUNCT
fsr-3160	9	38	germany	germany	PROPN
fsr-3160	9	39	,	,	PUNCT
fsr-3160	9	40	australia	australia	PROPN
fsr-3160	9	41	,	,	PUNCT
fsr-3160	9	42	and	and	CCONJ
fsr-3160	9	43	others	other	NOUN
fsr-3160	9	44	due	due	ADP
fsr-3160	9	45	to	to	ADP
fsr-3160	9	46	the	the	DET
fsr-3160	9	47	mid20th	mid20th	ADJ
fsr-3160	9	48	century	century	NOUN
fsr-3160	9	49	baby	baby	NOUN
fsr-3160	9	50	boom.2	boom.2	VERB
fsr-3160	9	51	many	many	ADJ
fsr-3160	9	52	of	of	ADP
fsr-3160	9	53	these	these	DET
fsr-3160	9	54	retirees	retiree	NOUN
fsr-3160	9	55	will	will	AUX
fsr-3160	9	56	have	have	AUX
fsr-3160	9	57	built	build	VERB
fsr-3160	9	58	up	up	ADP
fsr-3160	9	59	substantial	substantial	ADJ
fsr-3160	9	60	assets	asset	NOUN
fsr-3160	9	61	in	in	ADP
fsr-3160	9	62	taxdeferred	taxdeferre	VERB
fsr-3160	9	63	accounts	account	NOUN
fsr-3160	9	64	,	,	PUNCT
fsr-3160	9	65	for	for	ADP
fsr-3160	9	66	example	example	NOUN
fsr-3160	9	67	,	,	PUNCT
fsr-3160	9	68	the	the	DET
fsr-3160	9	69	u.s	u.s	PROPN
fsr-3160	9	70	.	.	PROPN
fsr-3160	9	71	401(k	401(k	PROPN
fsr-3160	9	72	)	)	PUNCT
fsr-3160	9	73	plans	plan	NOUN
fsr-3160	9	74	,	,	PUNCT
fsr-3160	9	75	since	since	SCONJ
fsr-3160	9	76	their	their	PRON
fsr-3160	9	77	introduction	introduction	NOUN
fsr-3160	9	78	in	in	ADP
fsr-3160	9	79	1981.3	1981.3	NUM
fsr-3160	9	80	accounts	account	NOUN
fsr-3160	9	81	like	like	ADP
fsr-3160	9	82	traditional	traditional	ADJ
fsr-3160	9	83	or	or	CCONJ
fsr-3160	9	84	rollover	rollover	PROPN
fsr-3160	9	85	u.s	u.s	PROPN
fsr-3160	9	86	.	.	PROPN
fsr-3160	9	87	iras	iras	PROPN
fsr-3160	9	88	,	,	PUNCT
fsr-3160	9	89	403(b)s	403(b)s	PROPN
fsr-3160	9	90	,	,	PUNCT
fsr-3160	9	91	and	and	CCONJ
fsr-3160	9	92	457	457	NUM
fsr-3160	9	93	plans	plan	NOUN
fsr-3160	9	94	offer	offer	VERB
fsr-3160	9	95	similar	similar	ADJ
fsr-3160	9	96	tax*corresponding	tax*corresponding	NOUN
fsr-3160	9	97	author	author	NOUN
fsr-3160	9	98	.	.	PUNCT
fsr-3160	10	1	tel	tel	PROPN
fsr-3160	10	2	.	.	PUNCT
fsr-3160	10	3	:	:	PUNCT
fsr-3160	11	1	+1	+1	PROPN
fsr-3160	11	2	-	-	PUNCT
fsr-3160	11	3	714	714	NUM
fsr-3160	11	4	-	-	NUM
fsr-3160	11	5	403	403	NUM
fsr-3160	11	6	-	-	SYM
fsr-3160	11	7	0085	0085	NUM
fsr-3160	11	8	;	;	PUNCT
fsr-3160	11	9	fax	fax	NOUN
fsr-3160	11	10	:	:	PUNCT
fsr-3160	11	11	+1	+1	ADJ
fsr-3160	11	12	-	-	PUNCT
fsr-3160	11	13	949	949	NUM
fsr-3160	11	14	-	-	PUNCT
fsr-3160	11	15	223	223	NUM
fsr-3160	11	16	-	-	SYM
fsr-3160	11	17	2575	2575	NUM
fsr-3160	11	18	.	.	PUNCT
fsr-3160	12	1	e	e	X
fsr-3160	12	2	-	-	NOUN
fsr-3160	12	3	mail	mail	NOUN
fsr-3160	12	4	address	address	NOUN
fsr-3160	12	5	:	:	PUNCT
fsr-3160	12	6	james.dilellio@pepperdine.edu	james.dilellio@pepperdine.edu	PROPN
fsr-3160	12	7	1057	1057	NUM
fsr-3160	12	8	-	-	SYM
fsr-3160	12	9	0810/22/$	0810/22/$	NUM
fsr-3160	12	10	–	–	PUNCT
fsr-3160	12	11	see	see	VERB
fsr-3160	12	12	front	front	ADJ
fsr-3160	12	13	matter	matter	NOUN
fsr-3160	12	14	©	©	PROPN
fsr-3160	12	15	2022	2022	NUM
fsr-3160	12	16	academy	academy	NOUN
fsr-3160	12	17	of	of	ADP
fsr-3160	12	18	financial	financial	ADJ
fsr-3160	12	19	services	service	NOUN
fsr-3160	12	20	.	.	PUNCT
fsr-3160	13	1	all	all	DET
fsr-3160	13	2	rights	right	NOUN
fsr-3160	13	3	reserved	reserve	VERB
fsr-3160	13	4	.	.	PUNCT
fsr-3160	14	1	financial	financial	ADJ
fsr-3160	14	2	services	service	NOUN
fsr-3160	14	3	review	review	VERB
fsr-3160	14	4	30	30	NUM
fsr-3160	14	5	(	(	PUNCT
fsr-3160	14	6	2022	2022	NUM
fsr-3160	14	7	)	)	PUNCT
fsr-3160	15	1	223–249	223–249	NUM
fsr-3160	15	2	deferred	defer	VERB
fsr-3160	15	3	investing	investing	NOUN
fsr-3160	15	4	for	for	ADP
fsr-3160	15	5	non	non	ADJ
fsr-3160	15	6	-	-	ADJ
fsr-3160	15	7	profit	profit	ADJ
fsr-3160	15	8	and	and	CCONJ
fsr-3160	15	9	government	government	NOUN
fsr-3160	15	10	employees	employee	NOUN
fsr-3160	15	11	,	,	PUNCT
fsr-3160	15	12	and	and	CCONJ
fsr-3160	15	13	in	in	ADP
fsr-3160	15	14	some	some	DET
fsr-3160	15	15	cases	case	NOUN
fsr-3160	15	16	,	,	PUNCT
fsr-3160	15	17	have	have	AUX
fsr-3160	15	18	been	be	AUX
fsr-3160	15	19	around	around	ADV
fsr-3160	15	20	for	for	ADP
fsr-3160	15	21	even	even	ADV
fsr-3160	15	22	longer.4	longer.4	ADJ
fsr-3160	15	23	consequently	consequently	ADV
fsr-3160	15	24	,	,	PUNCT
fsr-3160	15	25	many	many	ADJ
fsr-3160	15	26	retirees	retiree	NOUN
fsr-3160	15	27	are	be	AUX
fsr-3160	15	28	now	now	ADV
fsr-3160	15	29	beginning	begin	VERB
fsr-3160	15	30	to	to	PART
fsr-3160	15	31	draw	draw	VERB
fsr-3160	15	32	down	down	ADP
fsr-3160	15	33	these	these	DET
fsr-3160	15	34	assets	asset	NOUN
fsr-3160	15	35	,	,	PUNCT
fsr-3160	15	36	either	either	CCONJ
fsr-3160	15	37	voluntarily	voluntarily	ADV
fsr-3160	15	38	or	or	CCONJ
fsr-3160	15	39	involuntarily	involuntarily	ADV
fsr-3160	15	40	,	,	PUNCT
fsr-3160	15	41	due	due	ADP
fsr-3160	15	42	to	to	ADP
fsr-3160	15	43	required	require	VERB
fsr-3160	15	44	minimum	minimum	NOUN
fsr-3160	15	45	distributions	distribution	NOUN
fsr-3160	15	46	(	(	PUNCT
fsr-3160	15	47	rmds).5	rmds).5	VERB
fsr-3160	15	48	in	in	ADP
fsr-3160	15	49	addition	addition	NOUN
fsr-3160	15	50	to	to	ADP
fsr-3160	15	51	tax	tax	NOUN
fsr-3160	15	52	-	-	PUNCT
fsr-3160	15	53	deferred	defer	VERB
fsr-3160	15	54	accounts	account	NOUN
fsr-3160	15	55	,	,	PUNCT
fsr-3160	15	56	many	many	ADJ
fsr-3160	15	57	baby	baby	NOUN
fsr-3160	15	58	boomers	boomer	NOUN
fsr-3160	15	59	also	also	ADV
fsr-3160	15	60	have	have	VERB
fsr-3160	15	61	tax	tax	NOUN
fsr-3160	15	62	-	-	PUNCT
fsr-3160	15	63	exempt	exempt	ADJ
fsr-3160	15	64	accounts	account	NOUN
fsr-3160	15	65	,	,	PUNCT
fsr-3160	15	66	such	such	ADJ
fsr-3160	15	67	as	as	ADP
fsr-3160	15	68	the	the	DET
fsr-3160	15	69	u.s	u.s	PROPN
fsr-3160	15	70	.	.	PROPN
fsr-3160	15	71	roth	roth	PROPN
fsr-3160	15	72	iras	iras	PROPN
fsr-3160	15	73	,	,	PUNCT
fsr-3160	15	74	roth	roth	PROPN
fsr-3160	15	75	401(k)s	401(k)s	PROPN
fsr-3160	15	76	,	,	PUNCT
fsr-3160	15	77	and	and	CCONJ
fsr-3160	15	78	roth	roth	PROPN
fsr-3160	15	79	403(b)s	403(b)s	PROPN
fsr-3160	15	80	.	.	PUNCT
fsr-3160	16	1	tax	tax	NOUN
fsr-3160	16	2	-	-	PUNCT
fsr-3160	16	3	exempt	exempt	ADJ
fsr-3160	16	4	accounts	account	NOUN
fsr-3160	16	5	in	in	ADP
fsr-3160	16	6	the	the	DET
fsr-3160	16	7	united	united	PROPN
fsr-3160	16	8	states	states	PROPN
fsr-3160	16	9	have	have	AUX
fsr-3160	16	10	only	only	ADV
fsr-3160	16	11	been	be	AUX
fsr-3160	16	12	around	around	ADV
fsr-3160	16	13	for	for	ADP
fsr-3160	16	14	less	less	ADJ
fsr-3160	16	15	time	time	NOUN
fsr-3160	16	16	compared	compare	VERB
fsr-3160	16	17	with	with	ADP
fsr-3160	16	18	tax	tax	NOUN
fsr-3160	16	19	-	-	PUNCT
fsr-3160	16	20	deferred	defer	VERB
fsr-3160	16	21	accounts	account	NOUN
fsr-3160	16	22	and	and	CCONJ
fsr-3160	16	23	typically	typically	ADV
fsr-3160	16	24	have	have	VERB
fsr-3160	16	25	fewer	few	ADJ
fsr-3160	16	26	assets	asset	NOUN
fsr-3160	16	27	.	.	PUNCT
fsr-3160	17	1	in	in	ADP
fsr-3160	17	2	the	the	DET
fsr-3160	17	3	united	united	PROPN
fsr-3160	17	4	states	states	PROPN
fsr-3160	17	5	,	,	PUNCT
fsr-3160	17	6	the	the	DET
fsr-3160	17	7	roth	roth	NOUN
fsr-3160	17	8	iras	ira	NOUN
fsr-3160	17	9	also	also	ADV
fsr-3160	17	10	restrict	restrict	VERB
fsr-3160	17	11	direct	direct	ADJ
fsr-3160	17	12	contributions	contribution	NOUN
fsr-3160	17	13	for	for	ADP
fsr-3160	17	14	higher	high	ADJ
fsr-3160	17	15	wage	wage	NOUN
fsr-3160	17	16	earners	earner	NOUN
fsr-3160	17	17	,	,	PUNCT
fsr-3160	17	18	further	far	ADV
fsr-3160	17	19	limiting	limit	VERB
fsr-3160	17	20	the	the	DET
fsr-3160	17	21	assets	asset	NOUN
fsr-3160	17	22	in	in	ADP
fsr-3160	17	23	these	these	DET
fsr-3160	17	24	accounts	account	NOUN
fsr-3160	17	25	.	.	PUNCT
fsr-3160	18	1	brown	brown	PROPN
fsr-3160	18	2	et	et	PROPN
fsr-3160	18	3	al	al	PROPN
fsr-3160	18	4	.	.	PROPN
fsr-3160	19	1	(	(	PUNCT
fsr-3160	19	2	2017	2017	NUM
fsr-3160	19	3	)	)	PUNCT
fsr-3160	19	4	reported	report	VERB
fsr-3160	19	5	tax	tax	NOUN
fsr-3160	19	6	-	-	PUNCT
fsr-3160	19	7	exempt	exempt	ADJ
fsr-3160	19	8	retirement	retirement	NOUN
fsr-3160	19	9	income	income	NOUN
fsr-3160	19	10	as	as	ADP
fsr-3160	19	11	very	very	ADV
fsr-3160	19	12	beneficial	beneficial	ADJ
fsr-3160	19	13	for	for	ADP
fsr-3160	19	14	all	all	DET
fsr-3160	19	15	wage	wage	NOUN
fsr-3160	19	16	earners	earner	NOUN
fsr-3160	19	17	entering	enter	VERB
fsr-3160	19	18	retirement	retirement	NOUN
fsr-3160	19	19	as	as	SCONJ
fsr-3160	19	20	these	these	DET
fsr-3160	19	21	assets	asset	NOUN
fsr-3160	19	22	can	can	AUX
fsr-3160	19	23	be	be	AUX
fsr-3160	19	24	used	use	VERB
fsr-3160	19	25	to	to	PART
fsr-3160	19	26	support	support	VERB
fsr-3160	19	27	higher	high	ADJ
fsr-3160	19	28	levels	level	NOUN
fsr-3160	19	29	of	of	ADP
fsr-3160	19	30	retirement	retirement	NOUN
fsr-3160	19	31	income	income	NOUN
fsr-3160	19	32	in	in	ADP
fsr-3160	19	33	a	a	DET
fsr-3160	19	34	progressive	progressive	ADJ
fsr-3160	19	35	tax	tax	NOUN
fsr-3160	19	36	system	system	NOUN
fsr-3160	19	37	,	,	PUNCT
fsr-3160	19	38	like	like	ADP
fsr-3160	19	39	in	in	ADP
fsr-3160	19	40	the	the	DET
fsr-3160	19	41	united	united	PROPN
fsr-3160	19	42	states	states	PROPN
fsr-3160	19	43	,	,	PUNCT
fsr-3160	19	44	germany	germany	PROPN
fsr-3160	19	45	,	,	PUNCT
fsr-3160	19	46	united	united	ADJ
fsr-3160	19	47	kingdom	kingdom	PROPN
fsr-3160	19	48	,	,	PUNCT
fsr-3160	19	49	canada	canada	PROPN
fsr-3160	19	50	,	,	PUNCT
fsr-3160	19	51	australia	australia	PROPN
fsr-3160	19	52	,	,	PUNCT
fsr-3160	19	53	among	among	ADP
fsr-3160	19	54	others	other	NOUN
fsr-3160	19	55	.	.	PUNCT
fsr-3160	20	1	moreover	moreover	ADV
fsr-3160	20	2	,	,	PUNCT
fsr-3160	20	3	many	many	ADJ
fsr-3160	20	4	retirees	retiree	NOUN
fsr-3160	20	5	may	may	AUX
fsr-3160	20	6	have	have	VERB
fsr-3160	20	7	direct	direct	ADJ
fsr-3160	20	8	ownership	ownership	NOUN
fsr-3160	20	9	in	in	ADP
fsr-3160	20	10	other	other	ADJ
fsr-3160	20	11	assets	asset	NOUN
fsr-3160	20	12	residing	reside	VERB
fsr-3160	20	13	in	in	ADP
fsr-3160	20	14	accounts	account	NOUN
fsr-3160	20	15	that	that	PRON
fsr-3160	20	16	are	be	AUX
fsr-3160	20	17	taxable	taxable	ADJ
fsr-3160	20	18	each	each	DET
fsr-3160	20	19	year	year	NOUN
fsr-3160	20	20	,	,	PUNCT
fsr-3160	20	21	such	such	ADJ
fsr-3160	20	22	as	as	ADP
fsr-3160	20	23	stocks	stock	NOUN
fsr-3160	20	24	,	,	PUNCT
fsr-3160	20	25	bonds	bond	NOUN
fsr-3160	20	26	,	,	PUNCT
fsr-3160	20	27	mutual	mutual	ADJ
fsr-3160	20	28	funds	fund	NOUN
fsr-3160	20	29	,	,	PUNCT
fsr-3160	20	30	exchange	exchange	NOUN
fsr-3160	20	31	traded	trade	VERB
fsr-3160	20	32	funds	fund	NOUN
fsr-3160	20	33	(	(	PUNCT
fsr-3160	20	34	etfs	etfs	PROPN
fsr-3160	20	35	)	)	PUNCT
fsr-3160	20	36	,	,	PUNCT
fsr-3160	20	37	cds	cd	NOUN
fsr-3160	20	38	,	,	PUNCT
fsr-3160	20	39	and	and	CCONJ
fsr-3160	20	40	savings	saving	NOUN
fsr-3160	20	41	accounts	account	NOUN
fsr-3160	20	42	.	.	PUNCT
fsr-3160	21	1	with	with	ADP
fsr-3160	21	2	few	few	ADJ
fsr-3160	21	3	exceptions	exception	NOUN
fsr-3160	21	4	,	,	PUNCT
fsr-3160	21	5	retirees	retiree	NOUN
fsr-3160	21	6	are	be	AUX
fsr-3160	21	7	also	also	ADV
fsr-3160	21	8	entitled	entitle	VERB
fsr-3160	21	9	to	to	ADP
fsr-3160	21	10	government	government	NOUN
fsr-3160	21	11	benefits	benefit	NOUN
fsr-3160	21	12	,	,	PUNCT
fsr-3160	21	13	like	like	ADP
fsr-3160	21	14	social	social	ADJ
fsr-3160	21	15	security	security	NOUN
fsr-3160	21	16	in	in	ADP
fsr-3160	21	17	the	the	DET
fsr-3160	21	18	united	united	PROPN
fsr-3160	21	19	states	states	PROPN
fsr-3160	21	20	,	,	PUNCT
fsr-3160	21	21	or	or	CCONJ
fsr-3160	21	22	the	the	DET
fsr-3160	21	23	superannuation	superannuation	NOUN
fsr-3160	21	24	guarantee	guarantee	NOUN
fsr-3160	21	25	in	in	ADP
fsr-3160	21	26	australia	australia	PROPN
fsr-3160	21	27	(	(	PUNCT
fsr-3160	21	28	see	see	VERB
fsr-3160	21	29	gerrans	gerran	NOUN
fsr-3160	21	30	et	et	PROPN
fsr-3160	21	31	al	al	PROPN
fsr-3160	21	32	.	.	PROPN
fsr-3160	21	33	,	,	PUNCT
fsr-3160	21	34	2009	2009	NUM
fsr-3160	21	35	)	)	PUNCT
fsr-3160	21	36	.	.	PUNCT
fsr-3160	22	1	lastly	lastly	ADV
fsr-3160	22	2	,	,	PUNCT
fsr-3160	22	3	some	some	DET
fsr-3160	22	4	retirees	retiree	NOUN
fsr-3160	22	5	may	may	AUX
fsr-3160	22	6	have	have	VERB
fsr-3160	22	7	access	access	NOUN
fsr-3160	22	8	to	to	ADP
fsr-3160	22	9	pension	pension	NOUN
fsr-3160	22	10	plans	plan	NOUN
fsr-3160	22	11	.	.	PUNCT
fsr-3160	23	1	while	while	SCONJ
fsr-3160	23	2	tax	tax	NOUN
fsr-3160	23	3	law	law	NOUN
fsr-3160	23	4	does	do	AUX
fsr-3160	23	5	vary	vary	VERB
fsr-3160	23	6	from	from	ADP
fsr-3160	23	7	country	country	NOUN
fsr-3160	23	8	to	to	ADP
fsr-3160	23	9	country	country	NOUN
fsr-3160	23	10	,	,	PUNCT
fsr-3160	23	11	most	most	ADJ
fsr-3160	23	12	of	of	ADP
fsr-3160	23	13	the	the	DET
fsr-3160	23	14	basic	basic	ADJ
fsr-3160	23	15	concepts	concept	NOUN
fsr-3160	23	16	of	of	ADP
fsr-3160	23	17	investor	investor	NOUN
fsr-3160	23	18	taxation	taxation	NOUN
fsr-3160	23	19	(	(	PUNCT
fsr-3160	23	20	e.g.	e.g.	ADV
fsr-3160	23	21	,	,	PUNCT
fsr-3160	23	22	capital	capital	NOUN
fsr-3160	23	23	gains	gain	NOUN
fsr-3160	23	24	,	,	PUNCT
fsr-3160	23	25	taxes	taxis	NOUN
fsr-3160	23	26	on	on	ADP
fsr-3160	23	27	dividends	dividend	NOUN
fsr-3160	23	28	,	,	PUNCT
fsr-3160	23	29	and	and	CCONJ
fsr-3160	23	30	tax	tax	NOUN
fsr-3160	23	31	-	-	PUNCT
fsr-3160	23	32	deferred	defer	VERB
fsr-3160	23	33	accounts	account	NOUN
fsr-3160	23	34	)	)	PUNCT
fsr-3160	23	35	exist	exist	VERB
fsr-3160	23	36	globally	globally	ADV
fsr-3160	23	37	in	in	ADP
fsr-3160	23	38	developed	develop	VERB
fsr-3160	23	39	countries	country	NOUN
fsr-3160	23	40	.	.	PUNCT
fsr-3160	24	1	therefore	therefore	ADV
fsr-3160	24	2	,	,	PUNCT
fsr-3160	24	3	the	the	DET
fsr-3160	24	4	problem	problem	NOUN
fsr-3160	24	5	facing	face	VERB
fsr-3160	24	6	our	our	PRON
fsr-3160	24	7	current	current	ADJ
fsr-3160	24	8	and	and	CCONJ
fsr-3160	24	9	future	future	ADJ
fsr-3160	24	10	generations	generation	NOUN
fsr-3160	24	11	of	of	ADP
fsr-3160	24	12	retirees	retiree	NOUN
fsr-3160	24	13	throughout	throughout	ADP
fsr-3160	24	14	the	the	DET
fsr-3160	24	15	world	world	NOUN
fsr-3160	24	16	is	be	AUX
fsr-3160	24	17	how	how	SCONJ
fsr-3160	24	18	they	they	PRON
fsr-3160	24	19	may	may	AUX
fsr-3160	24	20	draw	draw	VERB
fsr-3160	24	21	down	down	ADP
fsr-3160	24	22	their	their	PRON
fsr-3160	24	23	assets	asset	NOUN
fsr-3160	24	24	in	in	ADP
fsr-3160	24	25	the	the	DET
fsr-3160	24	26	most	most	ADJ
fsr-3160	24	27	tax	tax	NOUN
fsr-3160	24	28	-	-	PUNCT
fsr-3160	24	29	efficient	efficient	ADJ
fsr-3160	24	30	manner	manner	NOUN
fsr-3160	24	31	.	.	PUNCT
fsr-3160	25	1	improving	improve	VERB
fsr-3160	25	2	tax	tax	NOUN
fsr-3160	25	3	efficiency	efficiency	NOUN
fsr-3160	25	4	will	will	AUX
fsr-3160	25	5	extend	extend	VERB
fsr-3160	25	6	portfolio	portfolio	NOUN
fsr-3160	25	7	longevity	longevity	NOUN
fsr-3160	25	8	and	and	CCONJ
fsr-3160	25	9	increase	increase	VERB
fsr-3160	25	10	the	the	DET
fsr-3160	25	11	retiree	retiree	NOUN
fsr-3160	25	12	’s	’s	PART
fsr-3160	25	13	bequest	bequest	NOUN
fsr-3160	25	14	.	.	PUNCT
fsr-3160	26	1	the	the	DET
fsr-3160	26	2	wide	wide	ADJ
fsr-3160	26	3	variation	variation	NOUN
fsr-3160	26	4	in	in	ADP
fsr-3160	26	5	retirement	retirement	NOUN
fsr-3160	26	6	assets	asset	NOUN
fsr-3160	26	7	and	and	CCONJ
fsr-3160	26	8	retirees	retiree	NOUN
fsr-3160	26	9	living	live	VERB
fsr-3160	26	10	longer	long	ADV
fsr-3160	26	11	,	,	PUNCT
fsr-3160	26	12	as	as	SCONJ
fsr-3160	26	13	discussed	discuss	VERB
fsr-3160	26	14	in	in	ADP
fsr-3160	26	15	poterba	poterba	NOUN
fsr-3160	26	16	(	(	PUNCT
fsr-3160	26	17	2014	2014	NUM
fsr-3160	26	18	)	)	PUNCT
fsr-3160	26	19	,	,	PUNCT
fsr-3160	26	20	further	far	ADV
fsr-3160	26	21	complicates	complicate	VERB
fsr-3160	26	22	this	this	DET
fsr-3160	26	23	problem	problem	NOUN
fsr-3160	26	24	.	.	PUNCT
fsr-3160	27	1	indeed	indeed	ADV
fsr-3160	27	2	,	,	PUNCT
fsr-3160	27	3	nobel	nobel	PROPN
fsr-3160	27	4	laureate	laureate	PROPN
fsr-3160	27	5	bill	bill	PROPN
fsr-3160	27	6	sharpe	sharpe	PROPN
fsr-3160	27	7	described	describe	VERB
fsr-3160	27	8	tax	tax	NOUN
fsr-3160	27	9	-	-	PUNCT
fsr-3160	27	10	efficient	efficient	ADJ
fsr-3160	27	11	retirement	retirement	NOUN
fsr-3160	27	12	drawdowns	drawdown	NOUN
fsr-3160	27	13	as	as	ADP
fsr-3160	27	14	“	"	PUNCT
fsr-3160	27	15	one	one	NUM
fsr-3160	27	16	of	of	ADP
fsr-3160	27	17	the	the	DET
fsr-3160	27	18	most	most	ADV
fsr-3160	27	19	difficult	difficult	ADJ
fsr-3160	27	20	financial	financial	ADJ
fsr-3160	27	21	problems	problem	NOUN
fsr-3160	27	22	”	"	PUNCT
fsr-3160	27	23	he	he	PRON
fsr-3160	27	24	has	have	AUX
fsr-3160	27	25	ever	ever	ADV
fsr-3160	27	26	attempted	attempt	VERB
fsr-3160	27	27	(	(	PUNCT
fsr-3160	27	28	see	see	VERB
fsr-3160	27	29	milesvsky	milesvsky	ADJ
fsr-3160	27	30	,	,	PUNCT
fsr-3160	27	31	2020	2020	NUM
fsr-3160	27	32	)	)	PUNCT
fsr-3160	27	33	.	.	PUNCT
fsr-3160	28	1	the	the	DET
fsr-3160	28	2	paper	paper	NOUN
fsr-3160	28	3	rises	rise	VERB
fsr-3160	28	4	to	to	ADP
fsr-3160	28	5	this	this	DET
fsr-3160	28	6	challenge	challenge	NOUN
fsr-3160	28	7	,	,	PUNCT
fsr-3160	28	8	showing	show	VERB
fsr-3160	28	9	how	how	SCONJ
fsr-3160	28	10	0.5	0.5	NUM
fsr-3160	28	11	%	%	NOUN
fsr-3160	28	12	of	of	ADP
fsr-3160	28	13	added	add	VERB
fsr-3160	28	14	investment	investment	NOUN
fsr-3160	28	15	return	return	NOUN
fsr-3160	28	16	may	may	AUX
fsr-3160	28	17	be	be	AUX
fsr-3160	28	18	by	by	ADP
fsr-3160	28	19	following	follow	VERB
fsr-3160	28	20	optimal	optimal	ADJ
fsr-3160	28	21	decisions	decision	NOUN
fsr-3160	28	22	in	in	ADP
fsr-3160	28	23	retirement	retirement	NOUN
fsr-3160	28	24	drawdowns	drawdown	NOUN
fsr-3160	28	25	.	.	PUNCT
fsr-3160	29	1	addressing	address	VERB
fsr-3160	29	2	tax	tax	NOUN
fsr-3160	29	3	-	-	PUNCT
fsr-3160	29	4	efficient	efficient	ADJ
fsr-3160	29	5	retirement	retirement	NOUN
fsr-3160	29	6	drawdowns	drawdown	NOUN
fsr-3160	29	7	falls	fall	VERB
fsr-3160	29	8	into	into	ADP
fsr-3160	29	9	the	the	DET
fsr-3160	29	10	category	category	NOUN
fsr-3160	29	11	of	of	ADP
fsr-3160	29	12	prescriptive	prescriptive	ADJ
fsr-3160	29	13	analytics	analytic	NOUN
fsr-3160	29	14	and	and	CCONJ
fsr-3160	29	15	optimization	optimization	NOUN
fsr-3160	29	16	.	.	PUNCT
fsr-3160	30	1	unfortunately	unfortunately	ADV
fsr-3160	30	2	,	,	PUNCT
fsr-3160	30	3	the	the	DET
fsr-3160	30	4	optimization	optimization	NOUN
fsr-3160	30	5	model	model	NOUN
fsr-3160	30	6	is	be	AUX
fsr-3160	30	7	non	non	ADJ
fsr-3160	30	8	-	-	ADJ
fsr-3160	30	9	linear	linear	ADJ
fsr-3160	30	10	,	,	PUNCT
fsr-3160	30	11	constrained	constrain	VERB
fsr-3160	30	12	,	,	PUNCT
fsr-3160	30	13	and	and	CCONJ
fsr-3160	30	14	stochastic	stochastic	NOUN
fsr-3160	30	15	.	.	PUNCT
fsr-3160	31	1	non	non	ADJ
fsr-3160	31	2	-	-	NOUN
fsr-3160	31	3	linearities	linearity	NOUN
fsr-3160	31	4	arise	arise	VERB
fsr-3160	31	5	from	from	ADP
fsr-3160	31	6	a	a	DET
fsr-3160	31	7	progressive	progressive	ADJ
fsr-3160	31	8	tax	tax	NOUN
fsr-3160	31	9	system	system	NOUN
fsr-3160	31	10	,	,	PUNCT
fsr-3160	31	11	and	and	CCONJ
fsr-3160	31	12	constraints	constraint	NOUN
fsr-3160	31	13	occur	occur	VERB
fsr-3160	31	14	from	from	ADP
fsr-3160	31	15	income	income	NOUN
fsr-3160	31	16	needs	need	NOUN
fsr-3160	31	17	,	,	PUNCT
fsr-3160	31	18	limited	limit	VERB
fsr-3160	31	19	(	(	PUNCT
fsr-3160	31	20	if	if	SCONJ
fsr-3160	31	21	any	any	DET
fsr-3160	31	22	)	)	PUNCT
fsr-3160	31	23	loan	loan	NOUN
fsr-3160	31	24	options	option	NOUN
fsr-3160	31	25	to	to	PART
fsr-3160	31	26	fund	fund	VERB
fsr-3160	31	27	retirement	retirement	NOUN
fsr-3160	31	28	,	,	PUNCT
fsr-3160	31	29	and	and	CCONJ
fsr-3160	31	30	rmds	rmds	NOUN
fsr-3160	31	31	(	(	PUNCT
fsr-3160	31	32	when	when	SCONJ
fsr-3160	31	33	applicable	applicable	ADJ
fsr-3160	31	34	)	)	PUNCT
fsr-3160	31	35	.	.	PUNCT
fsr-3160	32	1	uncertainty	uncertainty	NOUN
fsr-3160	32	2	appears	appear	VERB
fsr-3160	32	3	in	in	ADP
fsr-3160	32	4	future	future	ADJ
fsr-3160	32	5	tax	tax	NOUN
fsr-3160	32	6	law	law	NOUN
fsr-3160	32	7	,	,	PUNCT
fsr-3160	32	8	investment	investment	NOUN
fsr-3160	32	9	returns	return	NOUN
fsr-3160	32	10	,	,	PUNCT
fsr-3160	32	11	and	and	CCONJ
fsr-3160	32	12	inflation	inflation	NOUN
fsr-3160	32	13	in	in	ADP
fsr-3160	32	14	such	such	DET
fsr-3160	32	15	a	a	DET
fsr-3160	32	16	model	model	NOUN
fsr-3160	32	17	.	.	PUNCT
fsr-3160	33	1	in	in	ADP
fsr-3160	33	2	this	this	DET
fsr-3160	33	3	article	article	NOUN
fsr-3160	33	4	,	,	PUNCT
fsr-3160	33	5	we	we	PRON
fsr-3160	33	6	provide	provide	VERB
fsr-3160	33	7	a	a	DET
fsr-3160	33	8	comprehensive	comprehensive	ADJ
fsr-3160	33	9	mathematical	mathematical	ADJ
fsr-3160	33	10	representation	representation	NOUN
fsr-3160	33	11	of	of	ADP
fsr-3160	33	12	this	this	DET
fsr-3160	33	13	stochastic	stochastic	ADJ
fsr-3160	33	14	optimization	optimization	NOUN
fsr-3160	33	15	problem	problem	NOUN
fsr-3160	33	16	and	and	CCONJ
fsr-3160	33	17	provide	provide	VERB
fsr-3160	33	18	a	a	DET
fsr-3160	33	19	simple	simple	ADJ
fsr-3160	33	20	heuristic	heuristic	NOUN
fsr-3160	33	21	to	to	PART
fsr-3160	33	22	inform	inform	VERB
fsr-3160	33	23	future	future	ADJ
fsr-3160	33	24	retirement	retirement	NOUN
fsr-3160	33	25	planning	planning	NOUN
fsr-3160	33	26	.	.	PUNCT
fsr-3160	34	1	it	it	PRON
fsr-3160	34	2	includes	include	VERB
fsr-3160	34	3	the	the	DET
fsr-3160	34	4	use	use	NOUN
fsr-3160	34	5	of	of	ADP
fsr-3160	34	6	the	the	DET
fsr-3160	34	7	sequential	sequential	ADJ
fsr-3160	34	8	least	least	ADJ
fsr-3160	34	9	squares	square	NOUN
fsr-3160	34	10	programming	programming	NOUN
fsr-3160	34	11	(	(	PUNCT
fsr-3160	34	12	slsqp	slsqp	ADJ
fsr-3160	34	13	)	)	PUNCT
fsr-3160	34	14	approach	approach	NOUN
fsr-3160	34	15	,	,	PUNCT
fsr-3160	34	16	and	and	CCONJ
fsr-3160	34	17	a	a	DET
fsr-3160	34	18	heuristic	heuristic	NOUN
fsr-3160	34	19	to	to	PART
fsr-3160	34	20	identify	identify	VERB
fsr-3160	34	21	when	when	SCONJ
fsr-3160	34	22	it	it	PRON
fsr-3160	34	23	can	can	AUX
fsr-3160	34	24	(	(	PUNCT
fsr-3160	34	25	and	and	CCONJ
fsr-3160	34	26	can	can	AUX
fsr-3160	34	27	not	not	PART
fsr-3160	34	28	)	)	PUNCT
fsr-3160	34	29	be	be	AUX
fsr-3160	34	30	applied	apply	VERB
fsr-3160	34	31	.	.	PUNCT
fsr-3160	35	1	we	we	PRON
fsr-3160	35	2	also	also	ADV
fsr-3160	35	3	conduct	conduct	VERB
fsr-3160	35	4	a	a	DET
fsr-3160	35	5	detailed	detailed	ADJ
fsr-3160	35	6	sensitivity	sensitivity	NOUN
fsr-3160	35	7	analysis	analysis	NOUN
fsr-3160	35	8	to	to	PART
fsr-3160	35	9	show	show	VERB
fsr-3160	35	10	how	how	SCONJ
fsr-3160	35	11	the	the	DET
fsr-3160	35	12	optimal	optimal	ADJ
fsr-3160	35	13	solution	solution	NOUN
fsr-3160	35	14	is	be	AUX
fsr-3160	35	15	(	(	PUNCT
fsr-3160	35	16	or	or	CCONJ
fsr-3160	35	17	is	be	AUX
fsr-3160	35	18	not	not	PART
fsr-3160	35	19	)	)	PUNCT
fsr-3160	35	20	impacted	impact	VERB
fsr-3160	35	21	by	by	ADP
fsr-3160	35	22	uncertainty	uncertainty	NOUN
fsr-3160	35	23	.	.	PUNCT
fsr-3160	36	1	2	2	X
fsr-3160	36	2	.	.	X
fsr-3160	36	3	how	how	SCONJ
fsr-3160	36	4	this	this	DET
fsr-3160	36	5	work	work	NOUN
fsr-3160	36	6	contributes	contribute	VERB
fsr-3160	36	7	to	to	ADP
fsr-3160	36	8	the	the	DET
fsr-3160	36	9	current	current	ADJ
fsr-3160	36	10	body	body	NOUN
fsr-3160	36	11	of	of	ADP
fsr-3160	36	12	knowledge	knowledge	NOUN
fsr-3160	36	13	the	the	DET
fsr-3160	36	14	literature	literature	NOUN
fsr-3160	36	15	in	in	ADP
fsr-3160	36	16	retirement	retirement	NOUN
fsr-3160	36	17	planning	planning	NOUN
fsr-3160	36	18	generally	generally	ADV
fsr-3160	36	19	falls	fall	VERB
fsr-3160	36	20	into	into	ADP
fsr-3160	36	21	two	two	NUM
fsr-3160	36	22	categories	category	NOUN
fsr-3160	36	23	of	of	ADP
fsr-3160	36	24	analysis	analysis	NOUN
fsr-3160	36	25	using	use	VERB
fsr-3160	36	26	either	either	CCONJ
fsr-3160	36	27	objective	objective	ADJ
fsr-3160	36	28	wealth	wealth	NOUN
fsr-3160	36	29	functions	function	NOUN
fsr-3160	36	30	or	or	CCONJ
fsr-3160	36	31	utility	utility	NOUN
fsr-3160	36	32	functions	function	NOUN
fsr-3160	36	33	.	.	PUNCT
fsr-3160	37	1	we	we	PRON
fsr-3160	37	2	discuss	discuss	VERB
fsr-3160	37	3	each	each	DET
fsr-3160	37	4	category	category	NOUN
fsr-3160	37	5	below	below	ADV
fsr-3160	37	6	,	,	PUNCT
fsr-3160	37	7	and	and	CCONJ
fsr-3160	37	8	how	how	SCONJ
fsr-3160	37	9	this	this	DET
fsr-3160	37	10	work	work	NOUN
fsr-3160	37	11	contributes	contribute	VERB
fsr-3160	37	12	and	and	CCONJ
fsr-3160	37	13	extends	extend	VERB
fsr-3160	37	14	previous	previous	ADJ
fsr-3160	37	15	research	research	NOUN
fsr-3160	37	16	in	in	ADP
fsr-3160	37	17	this	this	DET
fsr-3160	37	18	area	area	NOUN
fsr-3160	37	19	.	.	PUNCT
fsr-3160	38	1	224	224	NUM
fsr-3160	38	2	j.	j.	PROPN
fsr-3160	38	3	a.	a.	PROPN
fsr-3160	38	4	dilellio	dilellio	PROPN
fsr-3160	38	5	and	and	CCONJ
fsr-3160	38	6	a.	a.	PROPN
fsr-3160	38	7	simon	simon	PROPN
fsr-3160	38	8	/	/	SYM
fsr-3160	38	9	financial	financial	ADJ
fsr-3160	38	10	services	service	NOUN
fsr-3160	38	11	review	review	VERB
fsr-3160	38	12	30	30	NUM
fsr-3160	38	13	(	(	PUNCT
fsr-3160	38	14	2022	2022	NUM
fsr-3160	38	15	)	)	PUNCT
fsr-3160	38	16	223–249	223–249	NUM
fsr-3160	38	17	2.1	2.1	NUM
fsr-3160	38	18	.	.	PUNCT
fsr-3160	39	1	objective	objective	ADJ
fsr-3160	39	2	wealth	wealth	NOUN
fsr-3160	39	3	functions	function	NOUN
fsr-3160	39	4	and	and	CCONJ
fsr-3160	39	5	tax	tax	NOUN
fsr-3160	39	6	law	law	NOUN
fsr-3160	39	7	models	model	VERB
fsr-3160	39	8	the	the	DET
fsr-3160	39	9	first	first	ADJ
fsr-3160	39	10	group	group	NOUN
fsr-3160	39	11	of	of	ADP
fsr-3160	39	12	research	research	NOUN
fsr-3160	39	13	investigates	investigate	VERB
fsr-3160	39	14	optimization	optimization	NOUN
fsr-3160	39	15	and	and	CCONJ
fsr-3160	39	16	constraints	constraint	NOUN
fsr-3160	39	17	imposed	impose	VERB
fsr-3160	39	18	by	by	ADP
fsr-3160	39	19	federal	federal	ADJ
fsr-3160	39	20	tax	tax	NOUN
fsr-3160	39	21	laws	law	NOUN
fsr-3160	39	22	.	.	PUNCT
fsr-3160	40	1	al	al	PROPN
fsr-3160	40	2	zaman	zaman	PROPN
fsr-3160	40	3	(	(	PUNCT
fsr-3160	40	4	2008	2008	NUM
fsr-3160	40	5	)	)	PUNCT
fsr-3160	40	6	was	be	AUX
fsr-3160	40	7	the	the	DET
fsr-3160	40	8	first	first	ADJ
fsr-3160	40	9	to	to	PART
fsr-3160	40	10	introduce	introduce	VERB
fsr-3160	40	11	a	a	DET
fsr-3160	40	12	retiree	retiree	NOUN
fsr-3160	40	13	’s	’s	PART
fsr-3160	40	14	objective	objective	NOUN
fsr-3160	40	15	that	that	PRON
fsr-3160	40	16	includes	include	VERB
fsr-3160	40	17	tax	tax	NOUN
fsr-3160	40	18	rates	rate	NOUN
fsr-3160	40	19	of	of	ADP
fsr-3160	40	20	their	their	PRON
fsr-3160	40	21	heirs	heir	NOUN
fsr-3160	40	22	in	in	ADP
fsr-3160	40	23	account	account	NOUN
fsr-3160	40	24	selection	selection	NOUN
fsr-3160	40	25	to	to	PART
fsr-3160	40	26	fund	fund	VERB
fsr-3160	40	27	retirement	retirement	NOUN
fsr-3160	40	28	income	income	NOUN
fsr-3160	40	29	.	.	PUNCT
fsr-3160	41	1	we	we	PRON
fsr-3160	41	2	contribute	contribute	VERB
fsr-3160	41	3	to	to	ADP
fsr-3160	41	4	this	this	DET
fsr-3160	41	5	work	work	NOUN
fsr-3160	41	6	by	by	ADP
fsr-3160	41	7	including	include	VERB
fsr-3160	41	8	it	it	PRON
fsr-3160	41	9	as	as	ADP
fsr-3160	41	10	part	part	NOUN
fsr-3160	41	11	of	of	ADP
fsr-3160	41	12	the	the	DET
fsr-3160	41	13	optimal	optimal	ADJ
fsr-3160	41	14	decision	decision	NOUN
fsr-3160	41	15	-	-	PUNCT
fsr-3160	41	16	making	make	VERB
fsr-3160	41	17	process	process	NOUN
fsr-3160	41	18	.	.	PUNCT
fsr-3160	42	1	we	we	PRON
fsr-3160	42	2	show	show	VERB
fsr-3160	42	3	that	that	SCONJ
fsr-3160	42	4	the	the	DET
fsr-3160	42	5	optimal	optimal	ADJ
fsr-3160	42	6	decision	decision	NOUN
fsr-3160	42	7	can	can	AUX
fsr-3160	42	8	be	be	AUX
fsr-3160	42	9	significantly	significantly	ADV
fsr-3160	42	10	affected	affect	VERB
fsr-3160	42	11	by	by	ADP
fsr-3160	42	12	this	this	DET
fsr-3160	42	13	parameter	parameter	NOUN
fsr-3160	42	14	.	.	PUNCT
fsr-3160	43	1	similarly	similarly	ADV
fsr-3160	43	2	,	,	PUNCT
fsr-3160	43	3	recent	recent	ADJ
fsr-3160	43	4	work	work	NOUN
fsr-3160	43	5	by	by	ADP
fsr-3160	43	6	pfau	pfau	NOUN
fsr-3160	43	7	et	et	PROPN
fsr-3160	43	8	al	al	PROPN
fsr-3160	43	9	.	.	PROPN
fsr-3160	44	1	(	(	PUNCT
fsr-3160	44	2	2017	2017	NUM
fsr-3160	44	3	)	)	PUNCT
fsr-3160	44	4	analyzed	analyze	VERB
fsr-3160	44	5	three	three	NUM
fsr-3160	44	6	unique	unique	ADJ
fsr-3160	44	7	scenarios	scenario	NOUN
fsr-3160	44	8	,	,	PUNCT
fsr-3160	44	9	including	include	VERB
fsr-3160	44	10	home	home	NOUN
fsr-3160	44	11	equity	equity	NOUN
fsr-3160	44	12	,	,	PUNCT
fsr-3160	44	13	social	social	ADJ
fsr-3160	44	14	security	security	NOUN
fsr-3160	44	15	,	,	PUNCT
fsr-3160	44	16	and	and	CCONJ
fsr-3160	44	17	other	other	ADJ
fsr-3160	44	18	retirement	retirement	NOUN
fsr-3160	44	19	assets	asset	NOUN
fsr-3160	44	20	in	in	ADP
fsr-3160	44	21	identifying	identify	VERB
fsr-3160	44	22	potential	potential	ADJ
fsr-3160	44	23	enhancements	enhancement	NOUN
fsr-3160	44	24	.	.	PUNCT
fsr-3160	45	1	cook	cook	VERB
fsr-3160	45	2	et	et	PROPN
fsr-3160	45	3	al	al	PROPN
fsr-3160	45	4	.	.	PROPN
fsr-3160	46	1	(	(	PUNCT
fsr-3160	46	2	2015	2015	NUM
fsr-3160	46	3	)	)	PUNCT
fsr-3160	46	4	show	show	VERB
fsr-3160	46	5	the	the	DET
fsr-3160	46	6	significant	significant	ADJ
fsr-3160	46	7	benefit	benefit	NOUN
fsr-3160	46	8	of	of	ADP
fsr-3160	46	9	roth	roth	PROPN
fsr-3160	46	10	conversions	conversion	NOUN
fsr-3160	46	11	in	in	ADP
fsr-3160	46	12	extending	extend	VERB
fsr-3160	46	13	portfolio	portfolio	NOUN
fsr-3160	46	14	longevity	longevity	NOUN
fsr-3160	46	15	using	use	VERB
fsr-3160	46	16	specific	specific	ADJ
fsr-3160	46	17	use	use	NOUN
fsr-3160	46	18	cases	case	NOUN
fsr-3160	46	19	.	.	PUNCT
fsr-3160	47	1	in	in	ADP
fsr-3160	47	2	the	the	DET
fsr-3160	47	3	results	result	NOUN
fsr-3160	47	4	shown	show	VERB
fsr-3160	47	5	here	here	ADV
fsr-3160	47	6	,	,	PUNCT
fsr-3160	47	7	we	we	PRON
fsr-3160	47	8	demonstrate	demonstrate	VERB
fsr-3160	47	9	a	a	DET
fsr-3160	47	10	similar	similar	ADJ
fsr-3160	47	11	increase	increase	NOUN
fsr-3160	47	12	in	in	ADP
fsr-3160	47	13	longevity	longevity	NOUN
fsr-3160	47	14	by	by	ADP
fsr-3160	47	15	modifying	modify	VERB
fsr-3160	47	16	the	the	DET
fsr-3160	47	17	common	common	ADJ
fsr-3160	47	18	rule	rule	NOUN
fsr-3160	47	19	withdrawal	withdrawal	NOUN
fsr-3160	47	20	strategy	strategy	NOUN
fsr-3160	47	21	to	to	PART
fsr-3160	47	22	include	include	VERB
fsr-3160	47	23	taxdeferred	taxdeferre	VERB
fsr-3160	47	24	account	account	NOUN
fsr-3160	47	25	withdrawals	withdrawal	NOUN
fsr-3160	47	26	dependent	dependent	ADJ
fsr-3160	47	27	on	on	ADP
fsr-3160	47	28	the	the	DET
fsr-3160	47	29	heir	heir	NOUN
fsr-3160	47	30	’s	’s	PART
fsr-3160	47	31	tax	tax	NOUN
fsr-3160	47	32	rate	rate	NOUN
fsr-3160	47	33	.	.	PUNCT
fsr-3160	48	1	the	the	DET
fsr-3160	48	2	common	common	ADJ
fsr-3160	48	3	rule	rule	NOUN
fsr-3160	48	4	withdrawal	withdrawal	NOUN
fsr-3160	48	5	strategy	strategy	NOUN
fsr-3160	48	6	is	be	AUX
fsr-3160	48	7	often	often	ADV
fsr-3160	48	8	used	use	VERB
fsr-3160	48	9	as	as	ADP
fsr-3160	48	10	the	the	DET
fsr-3160	48	11	baseline	baseline	NOUN
fsr-3160	48	12	approach	approach	NOUN
fsr-3160	48	13	used	use	VERB
fsr-3160	48	14	by	by	ADP
fsr-3160	48	15	coopersmith	coopersmith	NOUN
fsr-3160	48	16	and	and	CCONJ
fsr-3160	48	17	sumutka	sumutka	ADJ
fsr-3160	48	18	(	(	PUNCT
fsr-3160	48	19	2011	2011	NUM
fsr-3160	48	20	)	)	PUNCT
fsr-3160	48	21	,	,	PUNCT
fsr-3160	48	22	sumutka	sumutka	PROPN
fsr-3160	48	23	et	et	PROPN
fsr-3160	48	24	al	al	PROPN
fsr-3160	48	25	.	.	PUNCT
fsr-3160	49	1	(	(	PUNCT
fsr-3160	49	2	2012	2012	NUM
fsr-3160	49	3	)	)	PUNCT
fsr-3160	49	4	,	,	PUNCT
fsr-3160	49	5	and	and	CCONJ
fsr-3160	49	6	others	other	NOUN
fsr-3160	49	7	.	.	PUNCT
fsr-3160	50	1	the	the	DET
fsr-3160	50	2	common	common	ADJ
fsr-3160	50	3	rule	rule	NOUN
fsr-3160	50	4	withdrawal	withdrawal	NOUN
fsr-3160	50	5	strategy	strategy	NOUN
fsr-3160	50	6	is	be	AUX
fsr-3160	50	7	also	also	ADV
fsr-3160	50	8	widely	widely	ADV
fsr-3160	50	9	discussed	discuss	VERB
fsr-3160	50	10	in	in	ADP
fsr-3160	50	11	the	the	DET
fsr-3160	50	12	popular	popular	ADJ
fsr-3160	50	13	press	press	NOUN
fsr-3160	50	14	by	by	ADP
fsr-3160	50	15	solin	solin	PROPN
fsr-3160	50	16	(	(	PUNCT
fsr-3160	50	17	2010	2010	NUM
fsr-3160	50	18	)	)	PUNCT
fsr-3160	50	19	,	,	PUNCT
fsr-3160	50	20	rodgers	rodger	VERB
fsr-3160	50	21	(	(	PUNCT
fsr-3160	50	22	2009	2009	NUM
fsr-3160	50	23	)	)	PUNCT
fsr-3160	50	24	,	,	PUNCT
fsr-3160	50	25	and	and	CCONJ
fsr-3160	50	26	lange	lange	NOUN
fsr-3160	50	27	(	(	PUNCT
fsr-3160	50	28	2009	2009	NUM
fsr-3160	50	29	)	)	PUNCT
fsr-3160	50	30	,	,	PUNCT
fsr-3160	50	31	endorsed	endorse	VERB
fsr-3160	50	32	by	by	ADP
fsr-3160	50	33	large	large	ADJ
fsr-3160	50	34	retail	retail	ADJ
fsr-3160	50	35	investment	investment	NOUN
fsr-3160	50	36	firms	firm	NOUN
fsr-3160	50	37	fidelity	fidelity	NOUN
fsr-3160	50	38	(	(	PUNCT
fsr-3160	50	39	see	see	VERB
fsr-3160	50	40	fidelity	fidelity	NOUN
fsr-3160	50	41	,	,	PUNCT
fsr-3160	50	42	2014	2014	NUM
fsr-3160	50	43	)	)	PUNCT
fsr-3160	50	44	and	and	CCONJ
fsr-3160	50	45	vanguard	vanguard	NOUN
fsr-3160	50	46	(	(	PUNCT
fsr-3160	50	47	see	see	VERB
fsr-3160	50	48	vanguard	vanguard	NOUN
fsr-3160	50	49	,	,	PUNCT
fsr-3160	50	50	2016	2016	NUM
fsr-3160	50	51	)	)	PUNCT
fsr-3160	50	52	.	.	PUNCT
fsr-3160	51	1	the	the	DET
fsr-3160	51	2	common	common	ADJ
fsr-3160	51	3	rule	rule	NOUN
fsr-3160	51	4	withdrawal	withdrawal	NOUN
fsr-3160	51	5	strategy	strategy	NOUN
fsr-3160	51	6	first	first	ADV
fsr-3160	51	7	applies	apply	VERB
fsr-3160	51	8	rmds	rmds	NOUN
fsr-3160	51	9	to	to	ADP
fsr-3160	51	10	tax	tax	NOUN
fsr-3160	51	11	-	-	PUNCT
fsr-3160	51	12	deferred	defer	VERB
fsr-3160	51	13	accounts	account	NOUN
fsr-3160	51	14	,	,	PUNCT
fsr-3160	51	15	when	when	SCONJ
fsr-3160	51	16	applicable	applicable	ADJ
fsr-3160	51	17	,	,	PUNCT
fsr-3160	51	18	each	each	DET
fsr-3160	51	19	year	year	NOUN
fsr-3160	51	20	.	.	PUNCT
fsr-3160	52	1	any	any	DET
fsr-3160	52	2	unmet	unmet	NOUN
fsr-3160	52	3	income	income	NOUN
fsr-3160	52	4	is	be	AUX
fsr-3160	52	5	then	then	ADV
fsr-3160	52	6	met	meet	VERB
fsr-3160	52	7	by	by	ADP
fsr-3160	52	8	taxable	taxable	ADJ
fsr-3160	52	9	account	account	NOUN
fsr-3160	52	10	funds	fund	NOUN
fsr-3160	52	11	until	until	SCONJ
fsr-3160	52	12	exhausted	exhausted	ADJ
fsr-3160	52	13	.	.	PUNCT
fsr-3160	53	1	next	next	ADJ
fsr-3160	53	2	,	,	PUNCT
fsr-3160	53	3	voluntary	voluntary	ADJ
fsr-3160	53	4	tax	tax	NOUN
fsr-3160	53	5	-	-	PUNCT
fsr-3160	53	6	deferred	defer	VERB
fsr-3160	53	7	account	account	NOUN
fsr-3160	53	8	withdrawals	withdrawal	NOUN
fsr-3160	53	9	are	be	AUX
fsr-3160	53	10	made	make	VERB
fsr-3160	53	11	until	until	SCONJ
fsr-3160	53	12	these	these	DET
fsr-3160	53	13	accounts	account	NOUN
fsr-3160	53	14	are	be	AUX
fsr-3160	53	15	exhausted	exhausted	ADJ
fsr-3160	53	16	.	.	PUNCT
fsr-3160	54	1	finally	finally	ADV
fsr-3160	54	2	,	,	PUNCT
fsr-3160	54	3	taxexempt	taxexempt	ADJ
fsr-3160	54	4	accounts	account	NOUN
fsr-3160	54	5	are	be	AUX
fsr-3160	54	6	used	use	VERB
fsr-3160	54	7	to	to	PART
fsr-3160	54	8	satisfy	satisfy	VERB
fsr-3160	54	9	retirement	retirement	NOUN
fsr-3160	54	10	income	income	NOUN
fsr-3160	54	11	.	.	PUNCT
fsr-3160	55	1	when	when	SCONJ
fsr-3160	55	2	tax	tax	NOUN
fsr-3160	55	3	-	-	PUNCT
fsr-3160	55	4	exempt	exempt	ADJ
fsr-3160	55	5	funds	fund	NOUN
fsr-3160	55	6	are	be	AUX
fsr-3160	55	7	exhausted	exhaust	VERB
fsr-3160	55	8	,	,	PUNCT
fsr-3160	55	9	the	the	DET
fsr-3160	55	10	retiree	retiree	NOUN
fsr-3160	55	11	has	have	VERB
fsr-3160	55	12	insufficient	insufficient	ADJ
fsr-3160	55	13	assets	asset	NOUN
fsr-3160	55	14	to	to	PART
fsr-3160	55	15	support	support	VERB
fsr-3160	55	16	their	their	PRON
fsr-3160	55	17	desired	desire	VERB
fsr-3160	55	18	retirement	retirement	NOUN
fsr-3160	55	19	income	income	NOUN
fsr-3160	55	20	.	.	PUNCT
fsr-3160	56	1	however	however	ADV
fsr-3160	56	2	,	,	PUNCT
fsr-3160	56	3	practitioners	practitioner	NOUN
fsr-3160	56	4	like	like	ADP
fsr-3160	56	5	piper	piper	NOUN
fsr-3160	56	6	(	(	PUNCT
fsr-3160	56	7	2013	2013	NUM
fsr-3160	56	8	)	)	PUNCT
fsr-3160	56	9	and	and	CCONJ
fsr-3160	56	10	demuth	demuth	NOUN
fsr-3160	56	11	(	(	PUNCT
fsr-3160	56	12	2016	2016	NUM
fsr-3160	56	13	)	)	PUNCT
fsr-3160	56	14	provide	provide	VERB
fsr-3160	56	15	many	many	ADJ
fsr-3160	56	16	insights	insight	NOUN
fsr-3160	56	17	into	into	ADP
fsr-3160	56	18	when	when	SCONJ
fsr-3160	56	19	and	and	CCONJ
fsr-3160	56	20	how	how	SCONJ
fsr-3160	56	21	such	such	DET
fsr-3160	56	22	an	an	DET
fsr-3160	56	23	approach	approach	NOUN
fsr-3160	56	24	is	be	AUX
fsr-3160	56	25	far	far	ADV
fsr-3160	56	26	from	from	ADP
fsr-3160	56	27	optimal	optimal	ADJ
fsr-3160	56	28	.	.	PUNCT
fsr-3160	57	1	we	we	PRON
fsr-3160	57	2	contribute	contribute	VERB
fsr-3160	57	3	to	to	ADP
fsr-3160	57	4	this	this	DET
fsr-3160	57	5	work	work	NOUN
fsr-3160	57	6	by	by	ADP
fsr-3160	57	7	showing	show	VERB
fsr-3160	57	8	that	that	SCONJ
fsr-3160	57	9	the	the	DET
fsr-3160	57	10	common	common	ADJ
fsr-3160	57	11	rule	rule	NOUN
fsr-3160	57	12	strategy	strategy	NOUN
fsr-3160	57	13	provides	provide	VERB
fsr-3160	57	14	an	an	DET
fsr-3160	57	15	important	important	ADJ
fsr-3160	57	16	heuristic	heuristic	NOUN
fsr-3160	57	17	in	in	ADP
fsr-3160	57	18	seeking	seek	VERB
fsr-3160	57	19	a	a	DET
fsr-3160	57	20	global	global	ADJ
fsr-3160	57	21	optimal	optimal	ADJ
fsr-3160	57	22	retirement	retirement	NOUN
fsr-3160	57	23	income	income	NOUN
fsr-3160	57	24	decision	decision	NOUN
fsr-3160	57	25	.	.	PUNCT
fsr-3160	58	1	geisler	geisler	PROPN
fsr-3160	58	2	and	and	CCONJ
fsr-3160	58	3	hulse	hulse	PROPN
fsr-3160	58	4	(	(	PUNCT
fsr-3160	58	5	2018	2018	NUM
fsr-3160	58	6	)	)	PUNCT
fsr-3160	58	7	extended	extend	VERB
fsr-3160	58	8	work	work	NOUN
fsr-3160	58	9	on	on	ADP
fsr-3160	58	10	the	the	DET
fsr-3160	58	11	common	common	ADJ
fsr-3160	58	12	rule	rule	NOUN
fsr-3160	58	13	by	by	ADP
fsr-3160	58	14	expanding	expand	VERB
fsr-3160	58	15	it	it	PRON
fsr-3160	58	16	to	to	PART
fsr-3160	58	17	include	include	VERB
fsr-3160	58	18	social	social	ADJ
fsr-3160	58	19	security	security	NOUN
fsr-3160	58	20	benefits	benefit	NOUN
fsr-3160	58	21	and	and	CCONJ
fsr-3160	58	22	rmds	rmds	NOUN
fsr-3160	58	23	.	.	PUNCT
fsr-3160	59	1	they	they	PRON
fsr-3160	59	2	confirmed	confirm	VERB
fsr-3160	59	3	the	the	DET
fsr-3160	59	4	persistence	persistence	NOUN
fsr-3160	59	5	of	of	ADP
fsr-3160	59	6	outperformance	outperformance	NOUN
fsr-3160	59	7	against	against	ADP
fsr-3160	59	8	the	the	DET
fsr-3160	59	9	common	common	ADJ
fsr-3160	59	10	rule	rule	NOUN
fsr-3160	59	11	withdrawal	withdrawal	NOUN
fsr-3160	59	12	strategy	strategy	NOUN
fsr-3160	59	13	.	.	PUNCT
fsr-3160	60	1	the	the	DET
fsr-3160	60	2	effect	effect	NOUN
fsr-3160	60	3	of	of	ADP
fsr-3160	60	4	social	social	ADJ
fsr-3160	60	5	security	security	NOUN
fsr-3160	60	6	on	on	ADP
fsr-3160	60	7	tax	tax	NOUN
fsr-3160	60	8	-	-	PUNCT
fsr-3160	60	9	efficient	efficient	ADJ
fsr-3160	60	10	retirement	retirement	NOUN
fsr-3160	60	11	income	income	NOUN
fsr-3160	60	12	has	have	AUX
fsr-3160	60	13	also	also	ADV
fsr-3160	60	14	been	be	AUX
fsr-3160	60	15	investigated	investigate	VERB
fsr-3160	60	16	by	by	ADP
fsr-3160	60	17	meyer	meyer	PROPN
fsr-3160	60	18	and	and	CCONJ
fsr-3160	60	19	reichenstein	reichenstein	PROPN
fsr-3160	60	20	(	(	PUNCT
fsr-3160	60	21	2013	2013	NUM
fsr-3160	60	22	)	)	PUNCT
fsr-3160	60	23	and	and	CCONJ
fsr-3160	60	24	reichenstein	reichenstein	PROPN
fsr-3160	60	25	&	&	CCONJ
fsr-3160	60	26	meyer	meyer	PROPN
fsr-3160	60	27	(	(	PUNCT
fsr-3160	60	28	2018	2018	NUM
fsr-3160	60	29	)	)	PUNCT
fsr-3160	60	30	,	,	PUNCT
fsr-3160	60	31	who	who	PRON
fsr-3160	60	32	identify	identify	VERB
fsr-3160	60	33	that	that	PRON
fsr-3160	60	34	,	,	PUNCT
fsr-3160	60	35	for	for	ADP
fsr-3160	60	36	certain	certain	ADJ
fsr-3160	60	37	lower	low	ADJ
fsr-3160	60	38	-	-	PUNCT
fsr-3160	60	39	income	income	NOUN
fsr-3160	60	40	retirees	retiree	NOUN
fsr-3160	60	41	,	,	PUNCT
fsr-3160	60	42	a	a	DET
fsr-3160	60	43	spike	spike	NOUN
fsr-3160	60	44	in	in	ADP
fsr-3160	60	45	marginal	marginal	ADJ
fsr-3160	60	46	tax	tax	NOUN
fsr-3160	60	47	rates	rate	NOUN
fsr-3160	60	48	occurs	occur	VERB
fsr-3160	60	49	that	that	SCONJ
fsr-3160	60	50	they	they	PRON
fsr-3160	60	51	call	call	VERB
fsr-3160	60	52	the	the	DET
fsr-3160	60	53	“	"	PUNCT
fsr-3160	60	54	tax	tax	NOUN
fsr-3160	60	55	torpedo	torpedo	NOUN
fsr-3160	60	56	.	.	PUNCT
fsr-3160	60	57	”	"	PUNCT
fsr-3160	61	1	in	in	ADP
fsr-3160	61	2	our	our	PRON
fsr-3160	61	3	work	work	NOUN
fsr-3160	61	4	here	here	ADV
fsr-3160	61	5	,	,	PUNCT
fsr-3160	61	6	we	we	PRON
fsr-3160	61	7	avoid	avoid	VERB
fsr-3160	61	8	this	this	DET
fsr-3160	61	9	issue	issue	NOUN
fsr-3160	61	10	by	by	ADP
fsr-3160	61	11	assuming	assume	VERB
fsr-3160	61	12	a	a	DET
fsr-3160	61	13	retiree	retiree	NOUN
fsr-3160	61	14	’s	’s	PART
fsr-3160	61	15	modified	modify	VERB
fsr-3160	61	16	adjusted	adjust	VERB
fsr-3160	61	17	gross	gross	ADJ
fsr-3160	61	18	income	income	NOUN
fsr-3160	61	19	(	(	PUNCT
fsr-3160	61	20	magi	magi	NOUN
fsr-3160	61	21	)	)	PUNCT
fsr-3160	61	22	is	be	AUX
fsr-3160	61	23	high	high	ADJ
fsr-3160	61	24	enough	enough	ADV
fsr-3160	61	25	that	that	SCONJ
fsr-3160	61	26	85	85	NUM
fsr-3160	61	27	%	%	NOUN
fsr-3160	61	28	of	of	ADP
fsr-3160	61	29	social	social	ADJ
fsr-3160	61	30	security	security	NOUN
fsr-3160	61	31	income	income	NOUN
fsr-3160	61	32	is	be	AUX
fsr-3160	61	33	taxable	taxable	ADJ
fsr-3160	61	34	as	as	ADP
fsr-3160	61	35	ordinary	ordinary	ADJ
fsr-3160	61	36	income	income	NOUN
fsr-3160	61	37	,	,	PUNCT
fsr-3160	61	38	and	and	CCONJ
fsr-3160	61	39	the	the	DET
fsr-3160	61	40	remaining	remain	VERB
fsr-3160	61	41	15	15	NUM
fsr-3160	61	42	%	%	NOUN
fsr-3160	61	43	is	be	AUX
fsr-3160	61	44	not.6	not.6	PROPN
fsr-3160	61	45	coopersmith	coopersmith	NOUN
fsr-3160	61	46	and	and	CCONJ
fsr-3160	61	47	sumutka	sumutka	ADJ
fsr-3160	61	48	(	(	PUNCT
fsr-3160	61	49	2011	2011	NUM
fsr-3160	61	50	)	)	PUNCT
fsr-3160	61	51	highlight	highlight	VERB
fsr-3160	61	52	the	the	DET
fsr-3160	61	53	benefits	benefit	NOUN
fsr-3160	61	54	of	of	ADP
fsr-3160	61	55	general	general	ADJ
fsr-3160	61	56	-	-	PUNCT
fsr-3160	61	57	purpose	purpose	NOUN
fsr-3160	61	58	optimization	optimization	NOUN
fsr-3160	61	59	routines	routine	NOUN
fsr-3160	61	60	,	,	PUNCT
fsr-3160	61	61	as	as	ADV
fsr-3160	61	62	well	well	ADV
fsr-3160	61	63	as	as	ADP
fsr-3160	61	64	the	the	DET
fsr-3160	61	65	mathematical	mathematical	ADJ
fsr-3160	61	66	and	and	CCONJ
fsr-3160	61	67	implementation	implementation	NOUN
fsr-3160	61	68	challenges	challenge	NOUN
fsr-3160	61	69	it	it	PRON
fsr-3160	61	70	faces	face	VERB
fsr-3160	61	71	due	due	ADJ
fsr-3160	61	72	to	to	ADP
fsr-3160	61	73	non	non	ADJ
fsr-3160	61	74	-	-	ADJ
fsr-3160	61	75	linear	linear	ADJ
fsr-3160	61	76	constraints	constraint	NOUN
fsr-3160	61	77	imposed	impose	VERB
fsr-3160	61	78	by	by	ADP
fsr-3160	61	79	progressive	progressive	ADJ
fsr-3160	61	80	taxes	taxis	NOUN
fsr-3160	61	81	.	.	PUNCT
fsr-3160	62	1	their	their	PRON
fsr-3160	62	2	work	work	NOUN
fsr-3160	62	3	builds	build	VERB
fsr-3160	62	4	on	on	ADP
fsr-3160	62	5	the	the	DET
fsr-3160	62	6	pioneering	pioneering	ADJ
fsr-3160	62	7	work	work	NOUN
fsr-3160	62	8	of	of	ADP
fsr-3160	62	9	linear	linear	PROPN
fsr-3160	62	10	programming	programming	NOUN
fsr-3160	62	11	for	for	ADP
fsr-3160	62	12	retirement	retirement	NOUN
fsr-3160	62	13	income	income	NOUN
fsr-3160	62	14	planning	planning	NOUN
fsr-3160	62	15	by	by	ADP
fsr-3160	62	16	ragsdale	ragsdale	PROPN
fsr-3160	62	17	et	et	PROPN
fsr-3160	62	18	al	al	PROPN
fsr-3160	62	19	.	.	PROPN
fsr-3160	63	1	(	(	PUNCT
fsr-3160	63	2	1994	1994	NUM
fsr-3160	63	3	)	)	PUNCT
fsr-3160	63	4	.	.	PUNCT
fsr-3160	64	1	most	most	ADV
fsr-3160	64	2	recently	recently	ADV
fsr-3160	64	3	,	,	PUNCT
fsr-3160	64	4	welch	welch	PROPN
fsr-3160	64	5	(	(	PUNCT
fsr-3160	64	6	2016	2016	NUM
fsr-3160	64	7	,	,	PUNCT
fsr-3160	64	8	2017	2017	NUM
fsr-3160	64	9	)	)	PUNCT
fsr-3160	64	10	showed	show	VERB
fsr-3160	64	11	how	how	SCONJ
fsr-3160	64	12	linear	linear	ADJ
fsr-3160	64	13	programming	programming	NOUN
fsr-3160	64	14	models	model	NOUN
fsr-3160	64	15	can	can	AUX
fsr-3160	64	16	measure	measure	VERB
fsr-3160	64	17	tax	tax	NOUN
fsr-3160	64	18	-	-	PUNCT
fsr-3160	64	19	exempt	exempt	ADJ
fsr-3160	64	20	conversion	conversion	NOUN
fsr-3160	64	21	effectiveness	effectiveness	NOUN
fsr-3160	64	22	and	and	CCONJ
fsr-3160	64	23	be	be	AUX
fsr-3160	64	24	adapted	adapt	VERB
fsr-3160	64	25	to	to	ADP
fsr-3160	64	26	upward	upward	ADJ
fsr-3160	64	27	or	or	CCONJ
fsr-3160	64	28	downward	downward	ADJ
fsr-3160	64	29	trending	trend	VERB
fsr-3160	64	30	markets	market	NOUN
fsr-3160	64	31	.	.	PUNCT
fsr-3160	65	1	we	we	PRON
fsr-3160	65	2	contribute	contribute	VERB
fsr-3160	65	3	to	to	ADP
fsr-3160	65	4	this	this	DET
fsr-3160	65	5	work	work	NOUN
fsr-3160	65	6	by	by	ADP
fsr-3160	65	7	using	use	VERB
fsr-3160	65	8	the	the	DET
fsr-3160	65	9	sequential	sequential	ADJ
fsr-3160	65	10	least	least	ADJ
fsr-3160	65	11	squares	square	NOUN
fsr-3160	65	12	programming	programming	NOUN
fsr-3160	65	13	(	(	PUNCT
fsr-3160	65	14	slsqp	slsqp	ADJ
fsr-3160	65	15	)	)	PUNCT
fsr-3160	65	16	routine	routine	NOUN
fsr-3160	65	17	,	,	PUNCT
fsr-3160	65	18	which	which	PRON
fsr-3160	65	19	is	be	AUX
fsr-3160	65	20	freely	freely	ADV
fsr-3160	65	21	available	available	ADJ
fsr-3160	65	22	in	in	ADP
fsr-3160	65	23	the	the	DET
fsr-3160	65	24	scipy	scipy	NOUN
fsr-3160	65	25	package	package	NOUN
fsr-3160	65	26	of	of	ADP
fsr-3160	65	27	the	the	DET
fsr-3160	65	28	python	python	NOUN
fsr-3160	65	29	3	3	NUM
fsr-3160	65	30	open	open	ADJ
fsr-3160	65	31	-	-	PUNCT
fsr-3160	65	32	source	source	NOUN
fsr-3160	65	33	programming	programming	NOUN
fsr-3160	65	34	language.7	language.7	PROPN
fsr-3160	65	35	j.	j.	PROPN
fsr-3160	65	36	a.	a.	PROPN
fsr-3160	65	37	dilellio	dilellio	PROPN
fsr-3160	65	38	and	and	CCONJ
fsr-3160	65	39	a.	a.	PROPN
fsr-3160	65	40	simon	simon	PROPN
fsr-3160	65	41	/	/	SYM
fsr-3160	65	42	financial	financial	ADJ
fsr-3160	65	43	services	service	NOUN
fsr-3160	65	44	review	review	VERB
fsr-3160	65	45	30	30	NUM
fsr-3160	65	46	(	(	PUNCT
fsr-3160	65	47	2022	2022	NUM
fsr-3160	65	48	)	)	PUNCT
fsr-3160	66	1	223–249	223–249	NUM
fsr-3160	66	2	225	225	NUM
fsr-3160	66	3	coopersmith	coopersmith	NOUN
fsr-3160	66	4	and	and	CCONJ
fsr-3160	66	5	sumutka	sumutka	ADJ
fsr-3160	66	6	(	(	PUNCT
fsr-3160	66	7	2017	2017	NUM
fsr-3160	66	8	)	)	PUNCT
fsr-3160	66	9	evaluated	evaluate	VERB
fsr-3160	66	10	the	the	DET
fsr-3160	66	11	effectiveness	effectiveness	NOUN
fsr-3160	66	12	of	of	ADP
fsr-3160	66	13	tax	tax	NOUN
fsr-3160	66	14	-	-	PUNCT
fsr-3160	66	15	exempt	exempt	ADJ
fsr-3160	66	16	conversions	conversion	NOUN
fsr-3160	66	17	using	use	VERB
fsr-3160	66	18	a	a	DET
fsr-3160	66	19	linear	linear	ADJ
fsr-3160	66	20	programming	programming	NOUN
fsr-3160	66	21	model	model	NOUN
fsr-3160	66	22	when	when	SCONJ
fsr-3160	66	23	different	different	ADJ
fsr-3160	66	24	rates	rate	NOUN
fsr-3160	66	25	of	of	ADP
fsr-3160	66	26	returns	return	NOUN
fsr-3160	66	27	are	be	AUX
fsr-3160	66	28	used	use	VERB
fsr-3160	66	29	.	.	PUNCT
fsr-3160	67	1	their	their	PRON
fsr-3160	67	2	article	article	NOUN
fsr-3160	67	3	is	be	AUX
fsr-3160	67	4	the	the	DET
fsr-3160	67	5	first	first	ADJ
fsr-3160	67	6	to	to	PART
fsr-3160	67	7	highlight	highlight	VERB
fsr-3160	67	8	how	how	SCONJ
fsr-3160	67	9	different	different	ADJ
fsr-3160	67	10	investment	investment	NOUN
fsr-3160	67	11	returns	return	NOUN
fsr-3160	67	12	in	in	ADP
fsr-3160	67	13	tax	tax	NOUN
fsr-3160	67	14	-	-	PUNCT
fsr-3160	67	15	deferred	defer	VERB
fsr-3160	67	16	and	and	CCONJ
fsr-3160	67	17	tax	tax	NOUN
fsr-3160	67	18	-	-	PUNCT
fsr-3160	67	19	exempt	exempt	ADJ
fsr-3160	67	20	accounts	account	NOUN
fsr-3160	67	21	influence	influence	VERB
fsr-3160	67	22	the	the	DET
fsr-3160	67	23	benefit	benefit	NOUN
fsr-3160	67	24	of	of	ADP
fsr-3160	67	25	tax	tax	NOUN
fsr-3160	67	26	-	-	PUNCT
fsr-3160	67	27	exempt	exempt	ADJ
fsr-3160	67	28	conversions	conversion	NOUN
fsr-3160	67	29	.	.	PUNCT
fsr-3160	68	1	dilellio	dilellio	PROPN
fsr-3160	68	2	and	and	CCONJ
fsr-3160	68	3	ostrov	ostrov	NOUN
fsr-3160	68	4	(	(	PUNCT
fsr-3160	68	5	2017	2017	NUM
fsr-3160	68	6	)	)	PUNCT
fsr-3160	68	7	show	show	VERB
fsr-3160	68	8	that	that	SCONJ
fsr-3160	68	9	,	,	PUNCT
fsr-3160	68	10	under	under	ADP
fsr-3160	68	11	progressive	progressive	ADJ
fsr-3160	68	12	income	income	NOUN
fsr-3160	68	13	tax	tax	NOUN
fsr-3160	68	14	rates	rate	NOUN
fsr-3160	68	15	,	,	PUNCT
fsr-3160	68	16	there	there	PRON
fsr-3160	68	17	is	be	VERB
fsr-3160	68	18	a	a	DET
fsr-3160	68	19	simple	simple	ADJ
fsr-3160	68	20	geometric	geometric	ADJ
fsr-3160	68	21	representation	representation	NOUN
fsr-3160	68	22	of	of	ADP
fsr-3160	68	23	account	account	NOUN
fsr-3160	68	24	consumption	consumption	NOUN
fsr-3160	68	25	that	that	PRON
fsr-3160	68	26	maximizes	maximize	VERB
fsr-3160	68	27	wealth	wealth	NOUN
fsr-3160	68	28	transferred	transfer	VERB
fsr-3160	68	29	to	to	ADP
fsr-3160	68	30	an	an	DET
fsr-3160	68	31	heir	heir	NOUN
fsr-3160	68	32	.	.	PUNCT
fsr-3160	69	1	they	they	PRON
fsr-3160	69	2	also	also	ADV
fsr-3160	69	3	note	note	VERB
fsr-3160	69	4	the	the	DET
fsr-3160	69	5	existence	existence	NOUN
fsr-3160	69	6	of	of	ADP
fsr-3160	69	7	multiple	multiple	ADJ
fsr-3160	69	8	optimal	optimal	ADJ
fsr-3160	69	9	solutions	solution	NOUN
fsr-3160	69	10	for	for	ADP
fsr-3160	69	11	income	income	NOUN
fsr-3160	69	12	falling	fall	VERB
fsr-3160	69	13	within	within	ADP
fsr-3160	69	14	a	a	DET
fsr-3160	69	15	given	give	VERB
fsr-3160	69	16	tax	tax	NOUN
fsr-3160	69	17	bracket	bracket	NOUN
fsr-3160	69	18	,	,	PUNCT
fsr-3160	69	19	which	which	PRON
fsr-3160	69	20	can	can	AUX
fsr-3160	69	21	confound	confound	VERB
fsr-3160	69	22	general	general	ADJ
fsr-3160	69	23	-	-	PUNCT
fsr-3160	69	24	purpose	purpose	NOUN
fsr-3160	69	25	optimization	optimization	NOUN
fsr-3160	69	26	algorithms	algorithm	NOUN
fsr-3160	69	27	.	.	PUNCT
fsr-3160	70	1	this	this	DET
fsr-3160	70	2	article	article	NOUN
fsr-3160	70	3	uses	use	VERB
fsr-3160	70	4	this	this	DET
fsr-3160	70	5	important	important	ADJ
fsr-3160	70	6	insight	insight	NOUN
fsr-3160	70	7	to	to	PART
fsr-3160	70	8	develop	develop	VERB
fsr-3160	70	9	a	a	DET
fsr-3160	70	10	“	"	PUNCT
fsr-3160	70	11	modified	modified	ADJ
fsr-3160	70	12	”	"	PUNCT
fsr-3160	70	13	common	common	ADJ
fsr-3160	70	14	rule	rule	NOUN
fsr-3160	70	15	that	that	SCONJ
fsr-3160	70	16	,	,	PUNCT
fsr-3160	70	17	with	with	ADP
fsr-3160	70	18	insight	insight	NOUN
fsr-3160	70	19	into	into	ADP
fsr-3160	70	20	the	the	DET
fsr-3160	70	21	heir	heir	NOUN
fsr-3160	70	22	’s	’s	PART
fsr-3160	70	23	marginal	marginal	ADJ
fsr-3160	70	24	tax	tax	NOUN
fsr-3160	70	25	rate	rate	NOUN
fsr-3160	70	26	,	,	PUNCT
fsr-3160	70	27	can	can	AUX
fsr-3160	70	28	extend	extend	VERB
fsr-3160	70	29	portfolio	portfolio	NOUN
fsr-3160	70	30	longevity	longevity	NOUN
fsr-3160	70	31	or	or	CCONJ
fsr-3160	70	32	increase	increase	VERB
fsr-3160	70	33	a	a	DET
fsr-3160	70	34	bequest	bequest	NOUN
fsr-3160	70	35	.	.	PUNCT
fsr-3160	71	1	in	in	ADP
fsr-3160	71	2	dilellio	dilellio	PROPN
fsr-3160	71	3	and	and	CCONJ
fsr-3160	71	4	ostrov	ostrov	NOUN
fsr-3160	71	5	(	(	PUNCT
fsr-3160	71	6	2020	2020	NUM
fsr-3160	71	7	)	)	PUNCT
fsr-3160	71	8	,	,	PUNCT
fsr-3160	71	9	the	the	DET
fsr-3160	71	10	authors	author	NOUN
fsr-3160	71	11	extend	extend	VERB
fsr-3160	71	12	their	their	PRON
fsr-3160	71	13	previous	previous	ADJ
fsr-3160	71	14	study	study	NOUN
fsr-3160	71	15	by	by	ADP
fsr-3160	71	16	including	include	VERB
fsr-3160	71	17	a	a	DET
fsr-3160	71	18	taxable	taxable	ADJ
fsr-3160	71	19	account	account	NOUN
fsr-3160	71	20	with	with	ADP
fsr-3160	71	21	stock	stock	NOUN
fsr-3160	71	22	reinvested	reinveste	VERB
fsr-3160	71	23	.	.	PUNCT
fsr-3160	72	1	they	they	PRON
fsr-3160	72	2	develop	develop	VERB
fsr-3160	72	3	a	a	DET
fsr-3160	72	4	complex	complex	ADJ
fsr-3160	72	5	algorithm	algorithm	NOUN
fsr-3160	72	6	that	that	PRON
fsr-3160	72	7	finds	find	VERB
fsr-3160	72	8	the	the	DET
fsr-3160	72	9	optimal	optimal	ADJ
fsr-3160	72	10	switching	switching	NOUN
fsr-3160	72	11	time	time	NOUN
fsr-3160	72	12	between	between	ADP
fsr-3160	72	13	tax	tax	NOUN
fsr-3160	72	14	-	-	PUNCT
fsr-3160	72	15	exempt	exempt	ADJ
fsr-3160	72	16	and	and	CCONJ
fsr-3160	72	17	taxable	taxable	ADJ
fsr-3160	72	18	accounts	account	NOUN
fsr-3160	72	19	.	.	PUNCT
fsr-3160	73	1	we	we	PRON
fsr-3160	73	2	extended	extend	VERB
fsr-3160	73	3	this	this	DET
fsr-3160	73	4	work	work	NOUN
fsr-3160	73	5	by	by	ADP
fsr-3160	73	6	showing	show	VERB
fsr-3160	73	7	that	that	SCONJ
fsr-3160	73	8	,	,	PUNCT
fsr-3160	73	9	under	under	ADP
fsr-3160	73	10	the	the	DET
fsr-3160	73	11	regime	regime	NOUN
fsr-3160	73	12	of	of	ADP
fsr-3160	73	13	sufficient	sufficient	ADJ
fsr-3160	73	14	but	but	CCONJ
fsr-3160	73	15	not	not	PART
fsr-3160	73	16	excessive	excessive	ADJ
fsr-3160	73	17	assets	asset	NOUN
fsr-3160	73	18	,	,	PUNCT
fsr-3160	73	19	switching	switch	VERB
fsr-3160	73	20	times	time	NOUN
fsr-3160	73	21	can	can	AUX
fsr-3160	73	22	also	also	ADV
fsr-3160	73	23	be	be	AUX
fsr-3160	73	24	found	find	VERB
fsr-3160	73	25	using	use	VERB
fsr-3160	73	26	a	a	DET
fsr-3160	73	27	general	general	ADJ
fsr-3160	73	28	-	-	PUNCT
fsr-3160	73	29	purpose	purpose	NOUN
fsr-3160	73	30	optimization	optimization	NOUN
fsr-3160	73	31	routine	routine	NOUN
fsr-3160	73	32	,	,	PUNCT
fsr-3160	73	33	avoiding	avoid	VERB
fsr-3160	73	34	the	the	DET
fsr-3160	73	35	complexity	complexity	NOUN
fsr-3160	73	36	of	of	ADP
fsr-3160	73	37	a	a	DET
fsr-3160	73	38	customized	customized	ADJ
fsr-3160	73	39	algorithm	algorithm	NOUN
fsr-3160	73	40	.	.	PUNCT
fsr-3160	74	1	horan	horan	PROPN
fsr-3160	74	2	(	(	PUNCT
fsr-3160	74	3	2006	2006	NUM
fsr-3160	74	4	)	)	PUNCT
fsr-3160	74	5	wrote	write	VERB
fsr-3160	74	6	one	one	NUM
fsr-3160	74	7	of	of	ADP
fsr-3160	74	8	the	the	DET
fsr-3160	74	9	pioneering	pioneering	ADJ
fsr-3160	74	10	articles	article	NOUN
fsr-3160	74	11	that	that	PRON
fsr-3160	74	12	quantified	quantify	VERB
fsr-3160	74	13	,	,	PUNCT
fsr-3160	74	14	under	under	ADP
fsr-3160	74	15	a	a	DET
fsr-3160	74	16	progressive	progressive	ADJ
fsr-3160	74	17	tax	tax	NOUN
fsr-3160	74	18	system	system	NOUN
fsr-3160	74	19	,	,	PUNCT
fsr-3160	74	20	tax	tax	NOUN
fsr-3160	74	21	-	-	PUNCT
fsr-3160	74	22	efficient	efficient	ADJ
fsr-3160	74	23	withdrawal	withdrawal	NOUN
fsr-3160	74	24	strategies	strategy	NOUN
fsr-3160	74	25	.	.	PUNCT
fsr-3160	75	1	he	he	PRON
fsr-3160	75	2	showed	show	VERB
fsr-3160	75	3	that	that	SCONJ
fsr-3160	75	4	tax	tax	NOUN
fsr-3160	75	5	-	-	PUNCT
fsr-3160	75	6	deferred	defer	VERB
fsr-3160	75	7	accounts	account	NOUN
fsr-3160	75	8	could	could	AUX
fsr-3160	75	9	take	take	VERB
fsr-3160	75	10	advantage	advantage	NOUN
fsr-3160	75	11	of	of	ADP
fsr-3160	75	12	deductions	deduction	NOUN
fsr-3160	75	13	and	and	CCONJ
fsr-3160	75	14	lower	low	ADJ
fsr-3160	75	15	tax	tax	NOUN
fsr-3160	75	16	brackets	bracket	NOUN
fsr-3160	75	17	to	to	PART
fsr-3160	75	18	significantly	significantly	ADV
fsr-3160	75	19	increase	increase	VERB
fsr-3160	75	20	wealth	wealth	NOUN
fsr-3160	75	21	accumulation	accumulation	NOUN
fsr-3160	75	22	over	over	ADP
fsr-3160	75	23	the	the	DET
fsr-3160	75	24	common	common	ADJ
fsr-3160	75	25	rule	rule	NOUN
fsr-3160	75	26	withdrawal	withdrawal	NOUN
fsr-3160	75	27	strategy	strategy	NOUN
fsr-3160	75	28	.	.	PUNCT
fsr-3160	76	1	we	we	PRON
fsr-3160	76	2	build	build	VERB
fsr-3160	76	3	upon	upon	SCONJ
fsr-3160	76	4	this	this	DET
fsr-3160	76	5	seminal	seminal	ADJ
fsr-3160	76	6	work	work	NOUN
fsr-3160	76	7	by	by	ADP
fsr-3160	76	8	generalizing	generalize	VERB
fsr-3160	76	9	tax	tax	NOUN
fsr-3160	76	10	efficiency	efficiency	NOUN
fsr-3160	76	11	across	across	ADP
fsr-3160	76	12	three	three	NUM
fsr-3160	76	13	categories	category	NOUN
fsr-3160	76	14	of	of	ADP
fsr-3160	76	15	a	a	DET
fsr-3160	76	16	retiree	retiree	NOUN
fsr-3160	76	17	’s	’s	PART
fsr-3160	76	18	net	net	ADJ
fsr-3160	76	19	worth	worth	NOUN
fsr-3160	76	20	,	,	PUNCT
fsr-3160	76	21	retirement	retirement	NOUN
fsr-3160	76	22	income	income	NOUN
fsr-3160	76	23	needs	need	NOUN
fsr-3160	76	24	,	,	PUNCT
fsr-3160	76	25	and	and	CCONJ
fsr-3160	76	26	retirement	retirement	NOUN
fsr-3160	76	27	horizon	horizon	NOUN
fsr-3160	76	28	.	.	PUNCT
fsr-3160	77	1	these	these	DET
fsr-3160	77	2	categories	category	NOUN
fsr-3160	77	3	are	be	AUX
fsr-3160	77	4	retirees	retiree	NOUN
fsr-3160	77	5	with	with	ADP
fsr-3160	77	6	insufficient	insufficient	ADJ
fsr-3160	77	7	assets	asset	NOUN
fsr-3160	77	8	,	,	PUNCT
fsr-3160	77	9	sufficient	sufficient	ADJ
fsr-3160	77	10	assets	asset	NOUN
fsr-3160	77	11	,	,	PUNCT
fsr-3160	77	12	or	or	CCONJ
fsr-3160	77	13	excessive	excessive	ADJ
fsr-3160	77	14	assets	asset	NOUN
fsr-3160	77	15	relative	relative	ADJ
fsr-3160	77	16	to	to	ADP
fsr-3160	77	17	their	their	PRON
fsr-3160	77	18	income	income	NOUN
fsr-3160	77	19	needs	need	NOUN
fsr-3160	77	20	and	and	CCONJ
fsr-3160	77	21	retirement	retirement	NOUN
fsr-3160	77	22	horizon	horizon	NOUN
fsr-3160	77	23	.	.	PUNCT
fsr-3160	78	1	2.2	2.2	NUM
fsr-3160	78	2	.	.	PUNCT
fsr-3160	78	3	economic	economic	ADJ
fsr-3160	78	4	utility	utility	NOUN
fsr-3160	78	5	functions	function	VERB
fsr-3160	78	6	another	another	DET
fsr-3160	78	7	group	group	NOUN
fsr-3160	78	8	of	of	ADP
fsr-3160	78	9	retirement	retirement	NOUN
fsr-3160	78	10	income	income	NOUN
fsr-3160	78	11	research	research	NOUN
fsr-3160	78	12	uses	use	VERB
fsr-3160	78	13	utility	utility	NOUN
fsr-3160	78	14	functions	function	NOUN
fsr-3160	78	15	.	.	PUNCT
fsr-3160	79	1	in	in	ADP
fsr-3160	79	2	brown	brown	PROPN
fsr-3160	79	3	et	et	PROPN
fsr-3160	79	4	al	al	PROPN
fsr-3160	79	5	.	.	PROPN
fsr-3160	80	1	(	(	PUNCT
fsr-3160	80	2	2017	2017	NUM
fsr-3160	80	3	)	)	PUNCT
fsr-3160	80	4	,	,	PUNCT
fsr-3160	80	5	the	the	DET
fsr-3160	80	6	authors	author	NOUN
fsr-3160	80	7	find	find	VERB
fsr-3160	80	8	that	that	SCONJ
fsr-3160	80	9	tax	tax	NOUN
fsr-3160	80	10	-	-	PUNCT
fsr-3160	80	11	exempt	exempt	ADJ
fsr-3160	80	12	accounts	account	NOUN
fsr-3160	80	13	can	can	AUX
fsr-3160	80	14	be	be	AUX
fsr-3160	80	15	important	important	ADJ
fsr-3160	80	16	for	for	ADP
fsr-3160	80	17	high	high	ADJ
fsr-3160	80	18	net	net	ADJ
fsr-3160	80	19	worth	worth	ADJ
fsr-3160	80	20	retirees	retiree	NOUN
fsr-3160	80	21	subject	subject	ADJ
fsr-3160	80	22	to	to	ADP
fsr-3160	80	23	uncertain	uncertain	ADJ
fsr-3160	80	24	future	future	ADJ
fsr-3160	80	25	investment	investment	NOUN
fsr-3160	80	26	returns	return	NOUN
fsr-3160	80	27	and	and	CCONJ
fsr-3160	80	28	tax	tax	NOUN
fsr-3160	80	29	rates	rate	NOUN
fsr-3160	80	30	.	.	PUNCT
fsr-3160	81	1	dammon	dammon	PROPN
fsr-3160	81	2	et	et	PROPN
fsr-3160	81	3	al	al	PROPN
fsr-3160	81	4	.	.	PROPN
fsr-3160	82	1	(	(	PUNCT
fsr-3160	82	2	2004	2004	NUM
fsr-3160	82	3	)	)	PUNCT
fsr-3160	82	4	conclude	conclude	VERB
fsr-3160	82	5	that	that	SCONJ
fsr-3160	82	6	in	in	ADP
fsr-3160	82	7	the	the	DET
fsr-3160	82	8	presence	presence	NOUN
fsr-3160	82	9	of	of	ADP
fsr-3160	82	10	liquidity	liquidity	NOUN
fsr-3160	82	11	shocks	shock	NOUN
fsr-3160	82	12	,	,	PUNCT
fsr-3160	82	13	there	there	PRON
fsr-3160	82	14	is	be	VERB
fsr-3160	82	15	a	a	DET
fsr-3160	82	16	strong	strong	ADJ
fsr-3160	82	17	preference	preference	NOUN
fsr-3160	82	18	for	for	ADP
fsr-3160	82	19	holding	hold	VERB
fsr-3160	82	20	taxable	taxable	ADJ
fsr-3160	82	21	bonds	bond	NOUN
fsr-3160	82	22	in	in	ADP
fsr-3160	82	23	a	a	DET
fsr-3160	82	24	tax	tax	NOUN
fsr-3160	82	25	-	-	PUNCT
fsr-3160	82	26	deferred	defer	VERB
fsr-3160	82	27	account	account	NOUN
fsr-3160	82	28	and	and	CCONJ
fsr-3160	82	29	stocks	stock	NOUN
fsr-3160	82	30	in	in	ADP
fsr-3160	82	31	a	a	DET
fsr-3160	82	32	taxable	taxable	ADJ
fsr-3160	82	33	account	account	NOUN
fsr-3160	82	34	.	.	PUNCT
fsr-3160	83	1	fischer	fischer	PROPN
fsr-3160	83	2	and	and	CCONJ
fsr-3160	83	3	gallmeyer	gallmeyer	NOUN
fsr-3160	83	4	(	(	PUNCT
fsr-3160	83	5	2017	2017	NUM
fsr-3160	83	6	)	)	PUNCT
fsr-3160	83	7	reinforce	reinforce	VERB
fsr-3160	83	8	these	these	DET
fsr-3160	83	9	findings	finding	NOUN
fsr-3160	83	10	in	in	ADP
fsr-3160	83	11	the	the	DET
fsr-3160	83	12	context	context	NOUN
fsr-3160	83	13	of	of	ADP
fsr-3160	83	14	mutual	mutual	ADJ
fsr-3160	83	15	fund	fund	NOUN
fsr-3160	83	16	tax	tax	NOUN
fsr-3160	83	17	efficiency	efficiency	NOUN
fsr-3160	83	18	.	.	PUNCT
fsr-3160	84	1	garlappi	garlappi	NOUN
fsr-3160	84	2	and	and	CCONJ
fsr-3160	84	3	huang	huang	PROPN
fsr-3160	84	4	(	(	PUNCT
fsr-3160	84	5	2006	2006	NUM
fsr-3160	84	6	)	)	PUNCT
fsr-3160	84	7	predict	predict	VERB
fsr-3160	84	8	that	that	SCONJ
fsr-3160	84	9	the	the	DET
fsr-3160	84	10	preference	preference	NOUN
fsr-3160	84	11	to	to	PART
fsr-3160	84	12	hold	hold	VERB
fsr-3160	84	13	bonds	bond	NOUN
fsr-3160	84	14	in	in	ADP
fsr-3160	84	15	a	a	DET
fsr-3160	84	16	tax	tax	NOUN
fsr-3160	84	17	-	-	PUNCT
fsr-3160	84	18	deferred	defer	VERB
fsr-3160	84	19	account	account	NOUN
fsr-3160	84	20	can	can	AUX
fsr-3160	84	21	change	change	VERB
fsr-3160	84	22	when	when	SCONJ
fsr-3160	84	23	tax	tax	NOUN
fsr-3160	84	24	benefits	benefit	NOUN
fsr-3160	84	25	are	be	AUX
fsr-3160	84	26	more	more	ADV
fsr-3160	84	27	uncertain	uncertain	ADJ
fsr-3160	84	28	.	.	PUNCT
fsr-3160	85	1	most	most	ADV
fsr-3160	85	2	recently	recently	ADV
fsr-3160	85	3	,	,	PUNCT
fsr-3160	85	4	kobor	kobor	NOUN
fsr-3160	85	5	and	and	CCONJ
fsr-3160	85	6	muralidhar	muralidhar	PROPN
fsr-3160	85	7	(	(	PUNCT
fsr-3160	85	8	2020	2020	NUM
fsr-3160	85	9	)	)	PUNCT
fsr-3160	85	10	developed	develop	VERB
fsr-3160	85	11	and	and	CCONJ
fsr-3160	85	12	tested	test	VERB
fsr-3160	85	13	a	a	DET
fsr-3160	85	14	goal	goal	NOUN
fsr-3160	85	15	-	-	PUNCT
fsr-3160	85	16	based	base	VERB
fsr-3160	85	17	,	,	PUNCT
fsr-3160	85	18	lifetime	lifetime	NOUN
fsr-3160	85	19	-	-	PUNCT
fsr-3160	85	20	income	income	NOUN
fsr-3160	85	21	approach	approach	NOUN
fsr-3160	85	22	that	that	PRON
fsr-3160	85	23	has	have	VERB
fsr-3160	85	24	a	a	DET
fsr-3160	85	25	better	well	ADJ
fsr-3160	85	26	chance	chance	NOUN
fsr-3160	85	27	of	of	ADP
fsr-3160	85	28	success	success	NOUN
fsr-3160	85	29	than	than	ADP
fsr-3160	85	30	a	a	DET
fsr-3160	85	31	traditional	traditional	ADJ
fsr-3160	85	32	glide	glide	ADJ
fsr-3160	85	33	-	-	PUNCT
fsr-3160	85	34	path	path	NOUN
fsr-3160	85	35	approach	approach	NOUN
fsr-3160	85	36	using	use	VERB
fsr-3160	85	37	target	target	NOUN
fsr-3160	85	38	-	-	PUNCT
fsr-3160	85	39	date	date	NOUN
fsr-3160	85	40	funds	fund	NOUN
fsr-3160	85	41	.	.	PUNCT
fsr-3160	86	1	many	many	ADJ
fsr-3160	86	2	authors	author	NOUN
fsr-3160	86	3	also	also	ADV
fsr-3160	86	4	used	use	VERB
fsr-3160	86	5	life	life	NOUN
fsr-3160	86	6	-	-	PUNCT
fsr-3160	86	7	cycle	cycle	NOUN
fsr-3160	86	8	models	model	NOUN
fsr-3160	86	9	that	that	PRON
fsr-3160	86	10	focus	focus	VERB
fsr-3160	86	11	on	on	ADP
fsr-3160	86	12	both	both	CCONJ
fsr-3160	86	13	the	the	DET
fsr-3160	86	14	accumulation	accumulation	NOUN
fsr-3160	86	15	and	and	CCONJ
fsr-3160	86	16	decumulation	decumulation	NOUN
fsr-3160	86	17	phases	phase	NOUN
fsr-3160	86	18	.	.	PUNCT
fsr-3160	87	1	lachance	lachance	NOUN
fsr-3160	87	2	(	(	PUNCT
fsr-3160	87	3	2013	2013	NUM
fsr-3160	87	4	)	)	PUNCT
fsr-3160	87	5	solves	solve	VERB
fsr-3160	87	6	a	a	DET
fsr-3160	87	7	life	life	NOUN
fsr-3160	87	8	-	-	PUNCT
fsr-3160	87	9	cycle	cycle	NOUN
fsr-3160	87	10	model	model	NOUN
fsr-3160	87	11	for	for	ADP
fsr-3160	87	12	both	both	CCONJ
fsr-3160	87	13	the	the	DET
fsr-3160	87	14	accumulation	accumulation	NOUN
fsr-3160	87	15	and	and	CCONJ
fsr-3160	87	16	decumulation	decumulation	NOUN
fsr-3160	87	17	phases	phase	NOUN
fsr-3160	87	18	using	use	VERB
fsr-3160	87	19	tax	tax	NOUN
fsr-3160	87	20	-	-	PUNCT
fsr-3160	87	21	deferred	defer	VERB
fsr-3160	87	22	and	and	CCONJ
fsr-3160	87	23	tax	tax	NOUN
fsr-3160	87	24	-	-	PUNCT
fsr-3160	87	25	exempt	exempt	ADJ
fsr-3160	87	26	accounts	account	NOUN
fsr-3160	87	27	.	.	PUNCT
fsr-3160	88	1	they	they	PRON
fsr-3160	88	2	find	find	VERB
fsr-3160	88	3	that	that	SCONJ
fsr-3160	88	4	choosing	choose	VERB
fsr-3160	88	5	a	a	DET
fsr-3160	88	6	tax	tax	NOUN
fsr-3160	88	7	-	-	PUNCT
fsr-3160	88	8	deferred	defer	VERB
fsr-3160	88	9	over	over	ADP
fsr-3160	88	10	a	a	DET
fsr-3160	88	11	tax	tax	NOUN
fsr-3160	88	12	-	-	PUNCT
fsr-3160	88	13	exempt	exempt	ADJ
fsr-3160	88	14	account	account	NOUN
fsr-3160	88	15	creates	create	VERB
fsr-3160	88	16	a	a	DET
fsr-3160	88	17	reduction	reduction	NOUN
fsr-3160	88	18	in	in	ADP
fsr-3160	88	19	wealth	wealth	NOUN
fsr-3160	88	20	,	,	PUNCT
fsr-3160	88	21	most	most	ADV
fsr-3160	88	22	noticeable	noticeable	ADJ
fsr-3160	88	23	for	for	ADP
fsr-3160	88	24	those	those	PRON
fsr-3160	88	25	with	with	ADP
fsr-3160	88	26	higher	high	ADJ
fsr-3160	88	27	incomes	income	NOUN
fsr-3160	88	28	and	and	CCONJ
fsr-3160	88	29	pensions	pension	NOUN
fsr-3160	88	30	,	,	PUNCT
fsr-3160	88	31	which	which	PRON
fsr-3160	88	32	increases	increase	VERB
fsr-3160	88	33	social	social	ADJ
fsr-3160	88	34	security	security	NOUN
fsr-3160	88	35	taxation	taxation	NOUN
fsr-3160	88	36	.	.	PUNCT
fsr-3160	89	1	marekwica	marekwica	PROPN
fsr-3160	89	2	et	et	PROPN
fsr-3160	89	3	al	al	PROPN
fsr-3160	89	4	.	.	PROPN
fsr-3160	90	1	(	(	PUNCT
fsr-3160	90	2	2013	2013	NUM
fsr-3160	90	3	)	)	PUNCT
fsr-3160	90	4	also	also	ADV
fsr-3160	90	5	examine	examine	VERB
fsr-3160	90	6	a	a	DET
fsr-3160	90	7	life	life	NOUN
fsr-3160	90	8	-	-	PUNCT
fsr-3160	90	9	cycle	cycle	NOUN
fsr-3160	90	10	model	model	NOUN
fsr-3160	90	11	,	,	PUNCT
fsr-3160	90	12	including	include	VERB
fsr-3160	90	13	renting	rent	VERB
fsr-3160	90	14	versus	versus	ADP
fsr-3160	90	15	owning	own	VERB
fsr-3160	90	16	a	a	DET
fsr-3160	90	17	home	home	NOUN
fsr-3160	90	18	.	.	PUNCT
fsr-3160	91	1	they	they	PRON
fsr-3160	91	2	find	find	VERB
fsr-3160	91	3	that	that	SCONJ
fsr-3160	91	4	a	a	DET
fsr-3160	91	5	tax	tax	NOUN
fsr-3160	91	6	arbitrage	arbitrage	NOUN
fsr-3160	91	7	exists	exist	VERB
fsr-3160	91	8	from	from	ADP
fsr-3160	91	9	mortgage	mortgage	NOUN
fsr-3160	91	10	interest	interest	NOUN
fsr-3160	91	11	payments	payment	NOUN
fsr-3160	91	12	and	and	CCONJ
fsr-3160	91	13	investing	invest	VERB
fsr-3160	91	14	in	in	ADP
fsr-3160	91	15	226	226	NUM
fsr-3160	91	16	j.	j.	PROPN
fsr-3160	91	17	a.	a.	NOUN
fsr-3160	91	18	dilellio	dilellio	PROPN
fsr-3160	91	19	and	and	CCONJ
fsr-3160	91	20	a.	a.	PROPN
fsr-3160	91	21	simon	simon	PROPN
fsr-3160	91	22	/	/	SYM
fsr-3160	91	23	financial	financial	ADJ
fsr-3160	91	24	services	service	NOUN
fsr-3160	91	25	review	review	VERB
fsr-3160	91	26	30	30	NUM
fsr-3160	91	27	(	(	PUNCT
fsr-3160	91	28	2022	2022	NUM
fsr-3160	91	29	)	)	PUNCT
fsr-3160	91	30	223–249	223–249	NUM
fsr-3160	91	31	tax	tax	NOUN
fsr-3160	91	32	-	-	PUNCT
fsr-3160	91	33	deferred	defer	VERB
fsr-3160	91	34	accounts	account	NOUN
fsr-3160	91	35	.	.	PUNCT
fsr-3160	92	1	zhou	zhou	PROPN
fsr-3160	92	2	(	(	PUNCT
fsr-3160	92	3	2009	2009	NUM
fsr-3160	92	4	)	)	PUNCT
fsr-3160	92	5	developed	develop	VERB
fsr-3160	92	6	a	a	DET
fsr-3160	92	7	life	life	NOUN
fsr-3160	92	8	-	-	PUNCT
fsr-3160	92	9	cycle	cycle	NOUN
fsr-3160	92	10	model	model	NOUN
fsr-3160	92	11	and	and	CCONJ
fsr-3160	92	12	finds	find	VERB
fsr-3160	92	13	that	that	SCONJ
fsr-3160	92	14	asset	asset	NOUN
fsr-3160	92	15	location	location	NOUN
fsr-3160	92	16	decisions	decision	NOUN
fsr-3160	92	17	are	be	AUX
fsr-3160	92	18	very	very	ADV
fsr-3160	92	19	sensitive	sensitive	ADJ
fsr-3160	92	20	to	to	ADP
fsr-3160	92	21	a	a	DET
fsr-3160	92	22	progressive	progressive	ADJ
fsr-3160	92	23	tax	tax	NOUN
fsr-3160	92	24	system	system	NOUN
fsr-3160	92	25	.	.	PUNCT
fsr-3160	93	1	the	the	DET
fsr-3160	93	2	life	life	NOUN
fsr-3160	93	3	-	-	PUNCT
fsr-3160	93	4	cycle	cycle	NOUN
fsr-3160	93	5	model	model	NOUN
fsr-3160	93	6	by	by	ADP
fsr-3160	93	7	zhou	zhou	PROPN
fsr-3160	93	8	(	(	PUNCT
fsr-3160	93	9	2012	2012	NUM
fsr-3160	93	10	)	)	PUNCT
fsr-3160	93	11	identified	identify	VERB
fsr-3160	93	12	the	the	DET
fsr-3160	93	13	optimal	optimal	ADJ
fsr-3160	93	14	stock	stock	NOUN
fsr-3160	93	15	market	market	NOUN
fsr-3160	93	16	participation	participation	NOUN
fsr-3160	93	17	between	between	ADP
fsr-3160	93	18	taxable	taxable	ADJ
fsr-3160	93	19	and	and	CCONJ
fsr-3160	93	20	tax	tax	NOUN
fsr-3160	93	21	-	-	PUNCT
fsr-3160	93	22	deferred	defer	VERB
fsr-3160	93	23	accounts	account	NOUN
fsr-3160	93	24	,	,	PUNCT
fsr-3160	93	25	finding	find	VERB
fsr-3160	93	26	a	a	DET
fsr-3160	93	27	preference	preference	NOUN
fsr-3160	93	28	for	for	ADP
fsr-3160	93	29	higher	high	ADJ
fsr-3160	93	30	tax	tax	NOUN
fsr-3160	93	31	-	-	PUNCT
fsr-3160	93	32	deferred	defer	VERB
fsr-3160	93	33	account	account	NOUN
fsr-3160	93	34	participation	participation	NOUN
fsr-3160	93	35	earlier	early	ADV
fsr-3160	93	36	in	in	ADP
fsr-3160	93	37	life	life	NOUN
fsr-3160	93	38	,	,	PUNCT
fsr-3160	93	39	and	and	CCONJ
fsr-3160	93	40	higher	high	ADJ
fsr-3160	93	41	participation	participation	NOUN
fsr-3160	93	42	in	in	ADP
fsr-3160	93	43	taxable	taxable	ADJ
fsr-3160	93	44	accounts	account	NOUN
fsr-3160	93	45	later	later	ADV
fsr-3160	93	46	.	.	PUNCT
fsr-3160	94	1	3	3	X
fsr-3160	94	2	.	.	X
fsr-3160	94	3	model	model	NOUN
fsr-3160	94	4	in	in	ADP
fsr-3160	94	5	this	this	DET
fsr-3160	94	6	section	section	NOUN
fsr-3160	94	7	,	,	PUNCT
fsr-3160	94	8	we	we	PRON
fsr-3160	94	9	model	model	VERB
fsr-3160	94	10	the	the	DET
fsr-3160	94	11	various	various	ADJ
fsr-3160	94	12	accounts	account	NOUN
fsr-3160	94	13	available	available	ADJ
fsr-3160	94	14	to	to	ADP
fsr-3160	94	15	retirees	retiree	NOUN
fsr-3160	94	16	,	,	PUNCT
fsr-3160	94	17	as	as	ADV
fsr-3160	94	18	well	well	ADV
fsr-3160	94	19	as	as	ADP
fsr-3160	94	20	other	other	ADJ
fsr-3160	94	21	sources	source	NOUN
fsr-3160	94	22	of	of	ADP
fsr-3160	94	23	income	income	NOUN
fsr-3160	94	24	.	.	PUNCT
fsr-3160	95	1	we	we	PRON
fsr-3160	95	2	also	also	ADV
fsr-3160	95	3	describe	describe	VERB
fsr-3160	95	4	our	our	PRON
fsr-3160	95	5	tax	tax	NOUN
fsr-3160	95	6	model	model	NOUN
fsr-3160	95	7	and	and	CCONJ
fsr-3160	95	8	its	its	PRON
fsr-3160	95	9	basis	basis	NOUN
fsr-3160	95	10	in	in	ADP
fsr-3160	95	11	current	current	ADJ
fsr-3160	95	12	tax	tax	NOUN
fsr-3160	95	13	law	law	NOUN
fsr-3160	95	14	in	in	ADP
fsr-3160	95	15	the	the	DET
fsr-3160	95	16	united	united	PROPN
fsr-3160	95	17	states	states	PROPN
fsr-3160	95	18	and	and	CCONJ
fsr-3160	95	19	other	other	ADJ
fsr-3160	95	20	developed	develop	VERB
fsr-3160	95	21	countries	country	NOUN
fsr-3160	95	22	of	of	ADP
fsr-3160	95	23	the	the	DET
fsr-3160	95	24	world	world	NOUN
fsr-3160	95	25	.	.	PUNCT
fsr-3160	96	1	for	for	ADP
fsr-3160	96	2	details	detail	NOUN
fsr-3160	96	3	on	on	ADP
fsr-3160	96	4	u.s	u.s	PROPN
fsr-3160	96	5	.	.	PROPN
fsr-3160	96	6	rates	rate	NOUN
fsr-3160	96	7	and	and	CCONJ
fsr-3160	96	8	income	income	NOUN
fsr-3160	96	9	limits	limit	NOUN
fsr-3160	96	10	,	,	PUNCT
fsr-3160	96	11	please	please	INTJ
fsr-3160	96	12	see	see	VERB
fsr-3160	96	13	details	detail	NOUN
fsr-3160	96	14	in	in	ADP
fsr-3160	96	15	the	the	DET
fsr-3160	96	16	appendix	appendix	NOUN
fsr-3160	96	17	.	.	PUNCT
fsr-3160	97	1	there	there	PRON
fsr-3160	97	2	are	be	VERB
fsr-3160	97	3	two	two	NUM
fsr-3160	97	4	methods	method	NOUN
fsr-3160	97	5	for	for	ADP
fsr-3160	97	6	defining	define	VERB
fsr-3160	97	7	this	this	DET
fsr-3160	97	8	optimization	optimization	NOUN
fsr-3160	97	9	problem	problem	NOUN
fsr-3160	97	10	.	.	PUNCT
fsr-3160	98	1	the	the	DET
fsr-3160	98	2	first	first	ADJ
fsr-3160	98	3	approach	approach	NOUN
fsr-3160	98	4	uses	use	VERB
fsr-3160	98	5	power	power	NOUN
fsr-3160	98	6	-	-	PUNCT
fsr-3160	98	7	law	law	NOUN
fsr-3160	98	8	utility	utility	NOUN
fsr-3160	98	9	functions	function	NOUN
fsr-3160	98	10	,	,	PUNCT
fsr-3160	98	11	which	which	PRON
fsr-3160	98	12	may	may	AUX
fsr-3160	98	13	include	include	VERB
fsr-3160	98	14	a	a	DET
fsr-3160	98	15	coefficient	coefficient	NOUN
fsr-3160	98	16	of	of	ADP
fsr-3160	98	17	relative	relative	ADJ
fsr-3160	98	18	risk	risk	NOUN
fsr-3160	98	19	aversion	aversion	NOUN
fsr-3160	98	20	,	,	PUNCT
fsr-3160	98	21	such	such	ADJ
fsr-3160	98	22	as	as	ADP
fsr-3160	98	23	those	those	PRON
fsr-3160	98	24	used	use	VERB
fsr-3160	98	25	in	in	ADP
fsr-3160	98	26	brown	brown	PROPN
fsr-3160	98	27	et	et	PROPN
fsr-3160	98	28	al	al	PROPN
fsr-3160	98	29	.	.	PROPN
fsr-3160	99	1	(	(	PUNCT
fsr-3160	99	2	2017	2017	NUM
fsr-3160	99	3	)	)	PUNCT
fsr-3160	99	4	,	,	PUNCT
fsr-3160	99	5	sialm	sialm	NOUN
fsr-3160	99	6	(	(	PUNCT
fsr-3160	99	7	2006	2006	NUM
fsr-3160	99	8	)	)	PUNCT
fsr-3160	99	9	,	,	PUNCT
fsr-3160	99	10	and	and	CCONJ
fsr-3160	99	11	others	other	NOUN
fsr-3160	99	12	.	.	PUNCT
fsr-3160	100	1	then	then	ADV
fsr-3160	100	2	,	,	PUNCT
fsr-3160	100	3	future	future	ADJ
fsr-3160	100	4	consumption	consumption	NOUN
fsr-3160	100	5	is	be	AUX
fsr-3160	100	6	discounted	discount	VERB
fsr-3160	100	7	at	at	ADP
fsr-3160	100	8	some	some	DET
fsr-3160	100	9	discount	discount	NOUN
fsr-3160	100	10	factor	factor	NOUN
fsr-3160	100	11	.	.	PUNCT
fsr-3160	101	1	these	these	DET
fsr-3160	101	2	models	model	NOUN
fsr-3160	101	3	often	often	ADV
fsr-3160	101	4	include	include	VERB
fsr-3160	101	5	variables	variable	NOUN
fsr-3160	101	6	for	for	ADP
fsr-3160	101	7	pre	pre	ADJ
fsr-3160	101	8	-	-	ADJ
fsr-3160	101	9	tax	tax	ADJ
fsr-3160	101	10	income	income	NOUN
fsr-3160	101	11	in	in	ADP
fsr-3160	101	12	retirement	retirement	NOUN
fsr-3160	101	13	,	,	PUNCT
fsr-3160	101	14	taxable	taxable	ADJ
fsr-3160	101	15	accounts	account	NOUN
fsr-3160	101	16	,	,	PUNCT
fsr-3160	101	17	tax	tax	NOUN
fsr-3160	101	18	-	-	PUNCT
fsr-3160	101	19	deferred	defer	VERB
fsr-3160	101	20	,	,	PUNCT
fsr-3160	101	21	and	and	CCONJ
fsr-3160	101	22	tax	tax	NOUN
fsr-3160	101	23	-	-	PUNCT
fsr-3160	101	24	exempt	exempt	ADJ
fsr-3160	101	25	retirement	retirement	NOUN
fsr-3160	101	26	accounts	account	NOUN
fsr-3160	101	27	.	.	PUNCT
fsr-3160	102	1	asset	asset	NOUN
fsr-3160	102	2	allocation	allocation	NOUN
fsr-3160	102	3	in	in	ADP
fsr-3160	102	4	these	these	DET
fsr-3160	102	5	models	model	NOUN
fsr-3160	102	6	usually	usually	ADV
fsr-3160	102	7	consists	consist	VERB
fsr-3160	102	8	of	of	ADP
fsr-3160	102	9	a	a	DET
fsr-3160	102	10	stock	stock	NOUN
fsr-3160	102	11	portfolio	portfolio	NOUN
fsr-3160	102	12	and	and	CCONJ
fsr-3160	102	13	a	a	DET
fsr-3160	102	14	riskless	riskless	NOUN
fsr-3160	102	15	bond	bond	NOUN
fsr-3160	102	16	.	.	PUNCT
fsr-3160	103	1	progressive	progressive	ADJ
fsr-3160	103	2	tax	tax	NOUN
fsr-3160	103	3	brackets	bracket	NOUN
fsr-3160	103	4	may	may	AUX
fsr-3160	103	5	be	be	AUX
fsr-3160	103	6	simplified	simplify	VERB
fsr-3160	103	7	and	and	CCONJ
fsr-3160	103	8	future	future	ADJ
fsr-3160	103	9	tax	tax	NOUN
fsr-3160	103	10	rates	rate	NOUN
fsr-3160	103	11	and	and	CCONJ
fsr-3160	103	12	investment	investment	NOUN
fsr-3160	103	13	returns	return	NOUN
fsr-3160	103	14	found	find	VERB
fsr-3160	103	15	using	use	VERB
fsr-3160	103	16	a	a	DET
fsr-3160	103	17	bootstrapping	bootstrappe	VERB
fsr-3160	103	18	method	method	NOUN
fsr-3160	103	19	or	or	CCONJ
fsr-3160	103	20	a	a	DET
fsr-3160	103	21	stochastic	stochastic	ADJ
fsr-3160	103	22	process	process	NOUN
fsr-3160	103	23	model	model	NOUN
fsr-3160	103	24	.	.	PUNCT
fsr-3160	104	1	these	these	DET
fsr-3160	104	2	models	model	NOUN
fsr-3160	104	3	provide	provide	VERB
fsr-3160	104	4	strong	strong	ADJ
fsr-3160	104	5	evidence	evidence	NOUN
fsr-3160	104	6	for	for	ADP
fsr-3160	104	7	optimal	optimal	ADJ
fsr-3160	104	8	decision	decision	NOUN
fsr-3160	104	9	-	-	PUNCT
fsr-3160	104	10	making	making	NOUN
fsr-3160	104	11	for	for	ADP
fsr-3160	104	12	large	large	ADJ
fsr-3160	104	13	portions	portion	NOUN
fsr-3160	104	14	of	of	ADP
fsr-3160	104	15	the	the	DET
fsr-3160	104	16	population	population	NOUN
fsr-3160	104	17	and	and	CCONJ
fsr-3160	104	18	help	help	VERB
fsr-3160	104	19	inform	inform	VERB
fsr-3160	104	20	policy	policy	NOUN
fsr-3160	104	21	.	.	PUNCT
fsr-3160	105	1	however	however	ADV
fsr-3160	105	2	,	,	PUNCT
fsr-3160	105	3	the	the	DET
fsr-3160	105	4	use	use	NOUN
fsr-3160	105	5	of	of	ADP
fsr-3160	105	6	utility	utility	NOUN
fsr-3160	105	7	functions	function	NOUN
fsr-3160	105	8	prevents	prevent	VERB
fsr-3160	105	9	their	their	PRON
fsr-3160	105	10	direct	direct	ADJ
fsr-3160	105	11	application	application	NOUN
fsr-3160	105	12	by	by	ADP
fsr-3160	105	13	fintech	fintech	NOUN
fsr-3160	105	14	companies	company	NOUN
fsr-3160	105	15	interested	interested	ADJ
fsr-3160	105	16	in	in	ADP
fsr-3160	105	17	building	build	VERB
fsr-3160	105	18	software	software	NOUN
fsr-3160	105	19	tools	tool	NOUN
fsr-3160	105	20	needed	need	VERB
fsr-3160	105	21	by	by	ADP
fsr-3160	105	22	the	the	DET
fsr-3160	105	23	unique	unique	ADJ
fsr-3160	105	24	circumstances	circumstance	NOUN
fsr-3160	105	25	that	that	PRON
fsr-3160	105	26	current	current	ADJ
fsr-3160	105	27	and	and	CCONJ
fsr-3160	105	28	future	future	ADJ
fsr-3160	105	29	retirees	retiree	NOUN
fsr-3160	105	30	face	face	VERB
fsr-3160	105	31	.	.	PUNCT
fsr-3160	106	1	cook	cook	VERB
fsr-3160	106	2	et	et	PROPN
fsr-3160	106	3	al	al	PROPN
fsr-3160	106	4	.	.	PROPN
fsr-3160	107	1	(	(	PUNCT
fsr-3160	107	2	2015	2015	NUM
fsr-3160	107	3	)	)	PUNCT
fsr-3160	107	4	,	,	PUNCT
fsr-3160	107	5	al	al	PROPN
fsr-3160	107	6	zaman	zaman	PROPN
fsr-3160	107	7	(	(	PUNCT
fsr-3160	107	8	2008	2008	NUM
fsr-3160	107	9	)	)	PUNCT
fsr-3160	107	10	,	,	PUNCT
fsr-3160	107	11	dilellio	dilellio	NOUN
fsr-3160	107	12	and	and	CCONJ
fsr-3160	107	13	ostrov	ostrov	NOUN
fsr-3160	107	14	(	(	PUNCT
fsr-3160	107	15	2017	2017	NUM
fsr-3160	107	16	,	,	PUNCT
fsr-3160	107	17	2020	2020	NUM
fsr-3160	107	18	)	)	PUNCT
fsr-3160	107	19	,	,	PUNCT
fsr-3160	107	20	coopersmith	coopersmith	NOUN
fsr-3160	107	21	and	and	CCONJ
fsr-3160	107	22	sumutka	sumutka	ADJ
fsr-3160	107	23	(	(	PUNCT
fsr-3160	107	24	2011	2011	NUM
fsr-3160	107	25	)	)	PUNCT
fsr-3160	107	26	,	,	PUNCT
fsr-3160	107	27	ragsdale	ragsdale	PROPN
fsr-3160	107	28	et	et	PROPN
fsr-3160	107	29	al	al	PROPN
fsr-3160	107	30	.	.	PROPN
fsr-3160	108	1	(	(	PUNCT
fsr-3160	108	2	1994	1994	NUM
fsr-3160	108	3	)	)	PUNCT
fsr-3160	108	4	,	,	PUNCT
fsr-3160	108	5	among	among	ADP
fsr-3160	108	6	others	other	NOUN
fsr-3160	108	7	,	,	PUNCT
fsr-3160	108	8	used	use	VERB
fsr-3160	108	9	an	an	DET
fsr-3160	108	10	alternative	alternative	ADJ
fsr-3160	108	11	optimization	optimization	NOUN
fsr-3160	108	12	approach	approach	NOUN
fsr-3160	108	13	.	.	PUNCT
fsr-3160	109	1	these	these	DET
fsr-3160	109	2	authors	author	NOUN
fsr-3160	109	3	impose	impose	VERB
fsr-3160	109	4	an	an	DET
fsr-3160	109	5	objective	objective	ADJ
fsr-3160	109	6	function	function	NOUN
fsr-3160	109	7	to	to	PART
fsr-3160	109	8	maximize	maximize	VERB
fsr-3160	109	9	portfolio	portfolio	NOUN
fsr-3160	109	10	longevity	longevity	NOUN
fsr-3160	109	11	and/	and/	PROPN
fsr-3160	109	12	or	or	CCONJ
fsr-3160	109	13	the	the	DET
fsr-3160	109	14	size	size	NOUN
fsr-3160	109	15	of	of	ADP
fsr-3160	109	16	the	the	DET
fsr-3160	109	17	bequest	bequest	NOUN
fsr-3160	109	18	.	.	PUNCT
fsr-3160	110	1	to	to	ADP
fsr-3160	110	2	varying	vary	VERB
fsr-3160	110	3	degrees	degree	NOUN
fsr-3160	110	4	,	,	PUNCT
fsr-3160	110	5	these	these	DET
fsr-3160	110	6	authors	author	NOUN
fsr-3160	110	7	include	include	VERB
fsr-3160	110	8	additional	additional	ADJ
fsr-3160	110	9	aspects	aspect	NOUN
fsr-3160	110	10	of	of	ADP
fsr-3160	110	11	their	their	PRON
fsr-3160	110	12	models	model	NOUN
fsr-3160	110	13	to	to	PART
fsr-3160	110	14	better	well	ADV
fsr-3160	110	15	reflect	reflect	VERB
fsr-3160	110	16	tax	tax	NOUN
fsr-3160	110	17	law	law	NOUN
fsr-3160	110	18	.	.	PUNCT
fsr-3160	111	1	for	for	ADP
fsr-3160	111	2	instance	instance	NOUN
fsr-3160	111	3	,	,	PUNCT
fsr-3160	111	4	many	many	ADJ
fsr-3160	111	5	include	include	VERB
fsr-3160	111	6	rmds	rmds	NOUN
fsr-3160	111	7	,	,	PUNCT
fsr-3160	111	8	all	all	DET
fsr-3160	111	9	current	current	ADJ
fsr-3160	111	10	tax	tax	NOUN
fsr-3160	111	11	brackets	bracket	NOUN
fsr-3160	111	12	,	,	PUNCT
fsr-3160	111	13	qualified	qualified	ADJ
fsr-3160	111	14	versus	versus	ADP
fsr-3160	111	15	non	non	ADJ
fsr-3160	111	16	-	-	ADJ
fsr-3160	111	17	qualified	qualified	ADJ
fsr-3160	111	18	dividends	dividend	NOUN
fsr-3160	111	19	,	,	PUNCT
fsr-3160	111	20	and	and	CCONJ
fsr-3160	111	21	the	the	DET
fsr-3160	111	22	special	special	ADJ
fsr-3160	111	23	treatment	treatment	NOUN
fsr-3160	111	24	of	of	ADP
fsr-3160	111	25	capital	capital	NOUN
fsr-3160	111	26	gains	gain	NOUN
fsr-3160	111	27	taxes	taxis	NOUN
fsr-3160	111	28	(	(	PUNCT
fsr-3160	111	29	see	see	VERB
fsr-3160	111	30	sumutka	sumutka	PROPN
fsr-3160	111	31	et	et	PROPN
fsr-3160	111	32	al	al	PROPN
fsr-3160	111	33	.	.	PROPN
fsr-3160	111	34	,	,	PUNCT
fsr-3160	111	35	2012	2012	NUM
fsr-3160	111	36	)	)	PUNCT
fsr-3160	111	37	.	.	PUNCT
fsr-3160	112	1	we	we	PRON
fsr-3160	112	2	emphasize	emphasize	VERB
fsr-3160	112	3	this	this	DET
fsr-3160	112	4	latter	latter	ADJ
fsr-3160	112	5	approach	approach	NOUN
fsr-3160	112	6	here	here	ADV
fsr-3160	112	7	,	,	PUNCT
fsr-3160	112	8	as	as	SCONJ
fsr-3160	112	9	many	many	ADJ
fsr-3160	112	10	retirees	retiree	NOUN
fsr-3160	112	11	look	look	VERB
fsr-3160	112	12	to	to	ADP
fsr-3160	112	13	the	the	DET
fsr-3160	112	14	financial	financial	ADJ
fsr-3160	112	15	services	service	NOUN
fsr-3160	112	16	industry	industry	NOUN
fsr-3160	112	17	for	for	ADP
fsr-3160	112	18	retirement	retirement	NOUN
fsr-3160	112	19	income	income	NOUN
fsr-3160	112	20	planning	planning	NOUN
fsr-3160	112	21	software	software	NOUN
fsr-3160	112	22	.	.	PUNCT
fsr-3160	113	1	in	in	ADP
fsr-3160	113	2	turn	turn	NOUN
fsr-3160	113	3	,	,	PUNCT
fsr-3160	113	4	many	many	ADJ
fsr-3160	113	5	in	in	ADP
fsr-3160	113	6	the	the	DET
fsr-3160	113	7	financial	financial	ADJ
fsr-3160	113	8	services	service	NOUN
fsr-3160	113	9	industry	industry	NOUN
fsr-3160	113	10	look	look	VERB
fsr-3160	113	11	to	to	ADP
fsr-3160	113	12	academia	academia	VERB
fsr-3160	113	13	to	to	PART
fsr-3160	113	14	advance	advance	VERB
fsr-3160	113	15	research	research	NOUN
fsr-3160	113	16	that	that	PRON
fsr-3160	113	17	can	can	AUX
fsr-3160	113	18	support	support	VERB
fsr-3160	113	19	the	the	DET
fsr-3160	113	20	development	development	NOUN
fsr-3160	113	21	of	of	ADP
fsr-3160	113	22	algorithms	algorithm	NOUN
fsr-3160	113	23	necessary	necessary	ADJ
fsr-3160	113	24	to	to	PART
fsr-3160	113	25	improve	improve	VERB
fsr-3160	113	26	their	their	PRON
fsr-3160	113	27	ongoing	ongoing	ADJ
fsr-3160	113	28	practice	practice	NOUN
fsr-3160	113	29	supporting	support	VERB
fsr-3160	113	30	their	their	PRON
fsr-3160	113	31	clients	client	NOUN
fsr-3160	113	32	’	'	PUNCT
fsr-3160	113	33	needs	need	NOUN
fsr-3160	113	34	.	.	PUNCT
fsr-3160	114	1	3.1	3.1	NUM
fsr-3160	114	2	.	.	PUNCT
fsr-3160	114	3	decision	decision	NOUN
fsr-3160	114	4	variables	variable	NOUN
fsr-3160	114	5	and	and	CCONJ
fsr-3160	114	6	objective	objective	ADJ
fsr-3160	114	7	function	function	NOUN
fsr-3160	114	8	our	our	PRON
fsr-3160	114	9	model	model	NOUN
fsr-3160	114	10	definition	definition	NOUN
fsr-3160	114	11	begins	begin	VERB
fsr-3160	114	12	with	with	ADP
fsr-3160	114	13	our	our	PRON
fsr-3160	114	14	decision	decision	NOUN
fsr-3160	114	15	variables	variable	NOUN
fsr-3160	114	16	.	.	PUNCT
fsr-3160	115	1	for	for	ADP
fsr-3160	115	2	each	each	DET
fsr-3160	115	3	year	year	NOUN
fsr-3160	115	4	over	over	ADP
fsr-3160	115	5	a	a	DET
fsr-3160	115	6	fixed	fix	VERB
fsr-3160	115	7	retirement	retirement	NOUN
fsr-3160	115	8	horizon	horizon	NOUN
fsr-3160	115	9	of	of	ADP
fsr-3160	115	10	n	n	PRON
fsr-3160	115	11	years	year	NOUN
fsr-3160	115	12	,	,	PUNCT
fsr-3160	115	13	a	a	DET
fsr-3160	115	14	retiree	retiree	NOUN
fsr-3160	115	15	has	have	VERB
fsr-3160	115	16	to	to	PART
fsr-3160	115	17	decide	decide	VERB
fsr-3160	115	18	how	how	SCONJ
fsr-3160	115	19	much	much	ADJ
fsr-3160	115	20	of	of	ADP
fsr-3160	115	21	their	their	PRON
fsr-3160	115	22	retirement	retirement	NOUN
fsr-3160	115	23	income	income	NOUN
fsr-3160	115	24	comes	come	VERB
fsr-3160	115	25	from	from	ADP
fsr-3160	115	26	tax	tax	NOUN
fsr-3160	115	27	-	-	PUNCT
fsr-3160	115	28	deferred	defer	VERB
fsr-3160	115	29	accounts	account	NOUN
fsr-3160	115	30	,	,	PUNCT
fsr-3160	115	31	tax	tax	NOUN
fsr-3160	115	32	-	-	PUNCT
fsr-3160	115	33	exempt	exempt	ADJ
fsr-3160	115	34	accounts	account	NOUN
fsr-3160	115	35	,	,	PUNCT
fsr-3160	115	36	and	and	CCONJ
fsr-3160	115	37	taxable	taxable	ADJ
fsr-3160	115	38	accounts	account	NOUN
fsr-3160	115	39	.	.	PUNCT
fsr-3160	116	1	we	we	PRON
fsr-3160	116	2	define	define	VERB
fsr-3160	116	3	these	these	DET
fsr-3160	116	4	decision	decision	NOUN
fsr-3160	116	5	variables	variable	NOUN
fsr-3160	116	6	mtaxable;t	mtaxable;t	NOUN
fsr-3160	116	7	,	,	PUNCT
fsr-3160	116	8	respectively	respectively	ADV
fsr-3160	116	9	,	,	PUNCT
fsr-3160	116	10	as	as	SCONJ
fsr-3160	116	11	1	1	NUM
fsr-3160	116	12	�	�	PROPN
fsr-3160	116	13	n	n	NUM
fsr-3160	116	14	vectors	vector	NOUN
fsr-3160	116	15	representing	represent	VERB
fsr-3160	116	16	after	after	ADP
fsr-3160	116	17	-	-	PUNCT
fsr-3160	116	18	tax	tax	NOUN
fsr-3160	116	19	income	income	NOUN
fsr-3160	116	20	j.	j.	PROPN
fsr-3160	116	21	a.	a.	PROPN
fsr-3160	116	22	dilellio	dilellio	PROPN
fsr-3160	116	23	and	and	CCONJ
fsr-3160	116	24	a.	a.	PROPN
fsr-3160	116	25	simon	simon	PROPN
fsr-3160	116	26	/	/	SYM
fsr-3160	116	27	financial	financial	ADJ
fsr-3160	116	28	services	service	NOUN
fsr-3160	116	29	review	review	VERB
fsr-3160	116	30	30	30	NUM
fsr-3160	116	31	(	(	PUNCT
fsr-3160	116	32	2022	2022	NUM
fsr-3160	116	33	)	)	PUNCT
fsr-3160	116	34	223–249	223–249	NUM
fsr-3160	116	35	227	227	NUM
fsr-3160	116	36	sources	source	NOUN
fsr-3160	116	37	for	for	ADP
fsr-3160	116	38	each	each	DET
fsr-3160	116	39	year	year	NOUN
fsr-3160	116	40	t	t	NOUN
fsr-3160	116	41	=	=	SYM
fsr-3160	116	42	1	1	NUM
fsr-3160	116	43	to	to	ADP
fsr-3160	116	44	n.8	n.8	PROPN
fsr-3160	116	45	in	in	ADP
fsr-3160	116	46	the	the	DET
fsr-3160	116	47	following	following	ADJ
fsr-3160	116	48	section	section	NOUN
fsr-3160	116	49	,	,	PUNCT
fsr-3160	116	50	we	we	PRON
fsr-3160	116	51	provide	provide	VERB
fsr-3160	116	52	details	detail	NOUN
fsr-3160	116	53	on	on	ADP
fsr-3160	116	54	assumptions	assumption	NOUN
fsr-3160	116	55	on	on	ADP
fsr-3160	116	56	how	how	SCONJ
fsr-3160	116	57	these	these	DET
fsr-3160	116	58	after	after	ADP
fsr-3160	116	59	-	-	PUNCT
fsr-3160	116	60	tax	tax	NOUN
fsr-3160	116	61	income	income	NOUN
fsr-3160	116	62	sources	source	NOUN
fsr-3160	116	63	are	be	AUX
fsr-3160	116	64	determined	determine	VERB
fsr-3160	116	65	.	.	PUNCT
fsr-3160	117	1	next	next	ADV
fsr-3160	117	2	,	,	PUNCT
fsr-3160	117	3	we	we	PRON
fsr-3160	117	4	state	state	VERB
fsr-3160	117	5	the	the	DET
fsr-3160	117	6	optimization	optimization	NOUN
fsr-3160	117	7	problem	problem	NOUN
fsr-3160	117	8	to	to	PART
fsr-3160	117	9	maximize	maximize	VERB
fsr-3160	117	10	our	our	PRON
fsr-3160	117	11	objective	objective	ADJ
fsr-3160	117	12	wealth	wealth	NOUN
fsr-3160	117	13	function	function	NOUN
fsr-3160	117	14	for	for	ADP
fsr-3160	117	15	retirees	retiree	NOUN
fsr-3160	117	16	.	.	PUNCT
fsr-3160	118	1	max	max	PROPN
fsr-3160	118	2	g	g	PROPN
fsr-3160	118	3	1	1	NUM
fsr-3160	118	4	�	�	PROPN
fsr-3160	118	5	t	t	PROPN
fsr-3160	118	6	heirð	heirð	VERB
fsr-3160	118	7	þwtax	þwtax	VERB
fsr-3160	118	8	-	-	PUNCT
fsr-3160	118	9	deferred;n	deferred;n	VERB
fsr-3160	118	10	þwtax	þwtax	NOUN
fsr-3160	118	11	-	-	PUNCT
fsr-3160	118	12	exempt;n	exempt;n	PROPN
fsr-3160	118	13	�	�	PROPN
fsr-3160	118	14	�	�	PROPN
fsr-3160	118	15	þwtaxable;n	þwtaxable;n	PROPN
fsr-3160	118	16	�	�	PROPN
fsr-3160	118	17	�	�	PROPN
fsr-3160	118	18	(	(	PUNCT
fsr-3160	118	19	1	1	NUM
fsr-3160	118	20	)	)	PUNCT
fsr-3160	118	21	eq	eq	NOUN
fsr-3160	118	22	.	.	PUNCT
fsr-3160	119	1	(	(	PUNCT
fsr-3160	119	2	1	1	X
fsr-3160	119	3	)	)	PUNCT
fsr-3160	119	4	represents	represent	VERB
fsr-3160	119	5	the	the	DET
fsr-3160	119	6	total	total	ADJ
fsr-3160	119	7	wealth	wealth	NOUN
fsr-3160	119	8	transfer	transfer	NOUN
fsr-3160	119	9	to	to	ADP
fsr-3160	119	10	a	a	DET
fsr-3160	119	11	retiree	retiree	NOUN
fsr-3160	119	12	’s	’s	PART
fsr-3160	119	13	non	non	ADJ
fsr-3160	119	14	-	-	ADJ
fsr-3160	119	15	spouse	spouse	ADJ
fsr-3160	119	16	heirs	heir	NOUN
fsr-3160	119	17	.	.	PUNCT
fsr-3160	120	1	here	here	ADV
fsr-3160	120	2	,	,	PUNCT
fsr-3160	120	3	their	their	PRON
fsr-3160	120	4	is	be	AUX
fsr-3160	120	5	the	the	DET
fsr-3160	120	6	marginal	marginal	ADJ
fsr-3160	120	7	tax	tax	NOUN
fsr-3160	120	8	rate	rate	NOUN
fsr-3160	120	9	of	of	ADP
fsr-3160	120	10	the	the	DET
fsr-3160	120	11	retiree	retiree	NOUN
fsr-3160	120	12	’s	’s	PART
fsr-3160	120	13	heir	heir	NOUN
fsr-3160	120	14	,	,	PUNCT
fsr-3160	120	15	so	so	ADV
fsr-3160	120	16	represents	represent	VERB
fsr-3160	120	17	an	an	DET
fsr-3160	120	18	estimate	estimate	NOUN
fsr-3160	120	19	of	of	ADP
fsr-3160	120	20	the	the	DET
fsr-3160	120	21	government	government	NOUN
fsr-3160	120	22	’s	’s	PART
fsr-3160	120	23	share	share	NOUN
fsr-3160	120	24	in	in	ADP
fsr-3160	120	25	this	this	DET
fsr-3160	120	26	account	account	NOUN
fsr-3160	120	27	,	,	PUNCT
fsr-3160	120	28	as	as	SCONJ
fsr-3160	120	29	described	describe	VERB
fsr-3160	120	30	in	in	ADP
fsr-3160	120	31	reichenstein	reichenstein	PROPN
fsr-3160	120	32	et	et	PROPN
fsr-3160	120	33	al	al	PROPN
fsr-3160	120	34	.	.	PUNCT
fsr-3160	121	1	(	(	PUNCT
fsr-3160	121	2	2012	2012	NUM
fsr-3160	121	3	)	)	PUNCT
fsr-3160	121	4	.	.	PUNCT
fsr-3160	122	1	the	the	DET
fsr-3160	122	2	variables	variable	NOUN
fsr-3160	122	3	wtax	wtax	NOUN
fsr-3160	122	4	-	-	PUNCT
fsr-3160	122	5	deferred;n	deferred;n	NOUN
fsr-3160	122	6	and	and	CCONJ
fsr-3160	122	7	wtax	wtax	NOUN
fsr-3160	122	8	-	-	PUNCT
fsr-3160	122	9	exempt;n	exempt;n	NOUN
fsr-3160	122	10	are	be	AUX
fsr-3160	122	11	the	the	DET
fsr-3160	122	12	tax	tax	NOUN
fsr-3160	122	13	-	-	PUNCT
fsr-3160	122	14	deferred	defer	VERB
fsr-3160	122	15	account	account	NOUN
fsr-3160	122	16	and	and	CCONJ
fsr-3160	122	17	tax	tax	NOUN
fsr-3160	122	18	-	-	PUNCT
fsr-3160	122	19	exempt	exempt	ADJ
fsr-3160	122	20	account	account	NOUN
fsr-3160	122	21	balances	balance	NOUN
fsr-3160	122	22	at	at	ADP
fsr-3160	122	23	the	the	DET
fsr-3160	122	24	retirement	retirement	NOUN
fsr-3160	122	25	horizon	horizon	PROPN
fsr-3160	122	26	n	n	CCONJ
fsr-3160	122	27	,	,	PUNCT
fsr-3160	122	28	inflated	inflate	VERB
fsr-3160	122	29	by	by	ADP
fsr-3160	122	30	a	a	DET
fsr-3160	122	31	factor	factor	NOUN
fsr-3160	122	32	g	g	PROPN
fsr-3160	122	33	≥	≥	NUM
fsr-3160	122	34	1	1	NUM
fsr-3160	122	35	.	.	PUNCT
fsr-3160	123	1	this	this	DET
fsr-3160	123	2	inflation	inflation	NOUN
fsr-3160	123	3	factor	factor	NOUN
fsr-3160	123	4	represents	represent	VERB
fsr-3160	123	5	the	the	DET
fsr-3160	123	6	additional	additional	ADJ
fsr-3160	123	7	value	value	NOUN
fsr-3160	123	8	in	in	ADP
fsr-3160	123	9	these	these	DET
fsr-3160	123	10	retirement	retirement	NOUN
fsr-3160	123	11	accounts	account	NOUN
fsr-3160	123	12	if	if	SCONJ
fsr-3160	123	13	the	the	DET
fsr-3160	123	14	non	non	ADJ
fsr-3160	123	15	-	-	ADJ
fsr-3160	123	16	spouse	spouse	ADJ
fsr-3160	123	17	heir	heir	NOUN
fsr-3160	123	18	were	be	AUX
fsr-3160	123	19	to	to	PART
fsr-3160	123	20	exercise	exercise	VERB
fsr-3160	123	21	the	the	DET
fsr-3160	123	22	full	full	ADJ
fsr-3160	123	23	stretch	stretch	NOUN
fsr-3160	123	24	provision	provision	NOUN
fsr-3160	123	25	of	of	ADP
fsr-3160	123	26	10	10	NUM
fsr-3160	123	27	years	year	NOUN
fsr-3160	123	28	,	,	PUNCT
fsr-3160	123	29	established	establish	VERB
fsr-3160	123	30	by	by	ADP
fsr-3160	123	31	the	the	DET
fsr-3160	123	32	secure	secure	ADJ
fsr-3160	123	33	act	act	NOUN
fsr-3160	123	34	,	,	PUNCT
fsr-3160	123	35	as	as	SCONJ
fsr-3160	123	36	shown	show	VERB
fsr-3160	123	37	in	in	ADP
fsr-3160	123	38	dilellio	dilellio	NOUN
fsr-3160	123	39	and	and	CCONJ
fsr-3160	123	40	kinsman	kinsman	NOUN
fsr-3160	123	41	(	(	PUNCT
fsr-3160	123	42	2020	2020	NUM
fsr-3160	123	43	)	)	PUNCT
fsr-3160	123	44	.	.	PUNCT
fsr-3160	124	1	for	for	ADP
fsr-3160	124	2	countries	country	NOUN
fsr-3160	124	3	that	that	PRON
fsr-3160	124	4	do	do	AUX
fsr-3160	124	5	not	not	PART
fsr-3160	124	6	permit	permit	VERB
fsr-3160	124	7	stretch	stretch	NOUN
fsr-3160	124	8	provisions	provision	NOUN
fsr-3160	124	9	in	in	ADP
fsr-3160	124	10	these	these	DET
fsr-3160	124	11	accounts	account	NOUN
fsr-3160	124	12	,	,	PUNCT
fsr-3160	124	13	g	g	NOUN
fsr-3160	124	14	¼	¼	NOUN
fsr-3160	124	15	1	1	NUM
fsr-3160	124	16	:	:	PUNCT
fsr-3160	124	17	the	the	DET
fsr-3160	124	18	variable	variable	ADJ
fsr-3160	124	19	wtaxable	wtaxable	NOUN
fsr-3160	124	20	account;n	account;n	INTJ
fsr-3160	124	21	is	be	AUX
fsr-3160	124	22	the	the	DET
fsr-3160	124	23	taxable	taxable	ADJ
fsr-3160	124	24	account	account	NOUN
fsr-3160	124	25	balance	balance	NOUN
fsr-3160	124	26	,	,	PUNCT
fsr-3160	124	27	which	which	PRON
fsr-3160	124	28	assumes	assume	VERB
fsr-3160	124	29	non	non	ADJ
fsr-3160	124	30	-	-	ADJ
fsr-3160	124	31	spouse	spouse	ADJ
fsr-3160	124	32	heirs	heir	NOUN
fsr-3160	124	33	receive	receive	VERB
fsr-3160	124	34	a	a	DET
fsr-3160	124	35	full	full	ADJ
fsr-3160	124	36	step	step	NOUN
fsr-3160	124	37	-	-	PUNCT
fsr-3160	124	38	up	up	NOUN
fsr-3160	124	39	in	in	ADP
fsr-3160	124	40	cost	cost	NOUN
fsr-3160	124	41	basis	basis	NOUN
fsr-3160	124	42	.	.	PUNCT
fsr-3160	125	1	we	we	PRON
fsr-3160	125	2	also	also	ADV
fsr-3160	125	3	neglect	neglect	VERB
fsr-3160	125	4	the	the	DET
fsr-3160	125	5	effect	effect	NOUN
fsr-3160	125	6	of	of	ADP
fsr-3160	125	7	estate	estate	NOUN
fsr-3160	125	8	taxes	taxis	NOUN
fsr-3160	125	9	.	.	PUNCT
fsr-3160	126	1	in	in	ADP
fsr-3160	126	2	the	the	DET
fsr-3160	126	3	united	united	PROPN
fsr-3160	126	4	states	states	PROPN
fsr-3160	126	5	,	,	PUNCT
fsr-3160	126	6	and	and	CCONJ
fsr-3160	126	7	as	as	SCONJ
fsr-3160	126	8	reported	report	VERB
fsr-3160	126	9	by	by	ADP
fsr-3160	126	10	huang	huang	PROPN
fsr-3160	126	11	and	and	CCONJ
fsr-3160	126	12	cho	cho	PROPN
fsr-3160	126	13	(	(	PUNCT
fsr-3160	126	14	2017	2017	NUM
fsr-3160	126	15	)	)	PUNCT
fsr-3160	126	16	,	,	PUNCT
fsr-3160	126	17	affects	affect	VERB
fsr-3160	126	18	about	about	ADV
fsr-3160	126	19	0.2	0.2	NUM
fsr-3160	126	20	%	%	NOUN
fsr-3160	126	21	of	of	ADP
fsr-3160	126	22	taxpayers	taxpayer	NOUN
fsr-3160	126	23	.	.	PUNCT
fsr-3160	127	1	we	we	PRON
fsr-3160	127	2	assume	assume	VERB
fsr-3160	127	3	the	the	DET
fsr-3160	127	4	retiree	retiree	NOUN
fsr-3160	127	5	may	may	AUX
fsr-3160	127	6	have	have	VERB
fsr-3160	127	7	other	other	ADJ
fsr-3160	127	8	sources	source	NOUN
fsr-3160	127	9	of	of	ADP
fsr-3160	127	10	income	income	NOUN
fsr-3160	127	11	.	.	PUNCT
fsr-3160	128	1	this	this	DET
fsr-3160	128	2	income	income	NOUN
fsr-3160	128	3	may	may	AUX
fsr-3160	128	4	include	include	VERB
fsr-3160	128	5	social	social	ADJ
fsr-3160	128	6	security	security	NOUN
fsr-3160	128	7	or	or	CCONJ
fsr-3160	128	8	some	some	DET
fsr-3160	128	9	other	other	ADJ
fsr-3160	128	10	lifetime	lifetime	NOUN
fsr-3160	128	11	annuity	annuity	NOUN
fsr-3160	128	12	annually	annually	ADV
fsr-3160	128	13	adjusted	adjust	VERB
fsr-3160	128	14	at	at	ADP
fsr-3160	128	15	a	a	DET
fsr-3160	128	16	rate	rate	NOUN
fsr-3160	128	17	it	it	PRON
fsr-3160	128	18	.	.	PUNCT
fsr-3160	129	1	this	this	DET
fsr-3160	129	2	income	income	NOUN
fsr-3160	129	3	may	may	AUX
fsr-3160	129	4	also	also	ADV
fsr-3160	129	5	include	include	VERB
fsr-3160	129	6	pension	pension	NOUN
fsr-3160	129	7	benefits	benefit	NOUN
fsr-3160	129	8	that	that	PRON
fsr-3160	129	9	remain	remain	AUX
fsr-3160	129	10	fixed	fix	VERB
fsr-3160	129	11	in	in	ADP
fsr-3160	129	12	current	current	ADJ
fsr-3160	129	13	-	-	PUNCT
fsr-3160	129	14	year	year	NOUN
fsr-3160	129	15	dollars	dollar	NOUN
fsr-3160	129	16	.	.	PUNCT
fsr-3160	130	1	we	we	PRON
fsr-3160	130	2	defined	define	VERB
fsr-3160	130	3	these	these	DET
fsr-3160	130	4	variables	variable	NOUN
fsr-3160	130	5	as	as	ADP
fsr-3160	130	6	sst;taxable	sst;taxable	ADJ
fsr-3160	130	7	,	,	PUNCT
fsr-3160	130	8	sst;tax	sst;tax	NOUN
fsr-3160	130	9	free	free	ADJ
fsr-3160	130	10	,	,	PUNCT
fsr-3160	130	11	and	and	CCONJ
fsr-3160	130	12	pt	pt	INTJ
fsr-3160	130	13	,	,	PUNCT
fsr-3160	130	14	respectively	respectively	ADV
fsr-3160	130	15	,	,	PUNCT
fsr-3160	130	16	in	in	ADP
fsr-3160	130	17	retirement	retirement	NOUN
fsr-3160	130	18	year	year	NOUN
fsr-3160	130	19	t.	t.	PROPN
fsr-3160	130	20	3.2	3.2	NUM
fsr-3160	130	21	.	.	PUNCT
fsr-3160	131	1	constraints	constraint	NOUN
fsr-3160	131	2	this	this	DET
fsr-3160	131	3	optimization	optimization	NOUN
fsr-3160	131	4	problem	problem	NOUN
fsr-3160	131	5	in	in	ADP
fsr-3160	131	6	eq	eq	ADP
fsr-3160	131	7	.	.	PUNCT
fsr-3160	132	1	(	(	PUNCT
fsr-3160	132	2	1	1	X
fsr-3160	132	3	)	)	PUNCT
fsr-3160	132	4	is	be	AUX
fsr-3160	132	5	subject	subject	ADJ
fsr-3160	132	6	to	to	ADP
fsr-3160	132	7	the	the	DET
fsr-3160	132	8	inequality	inequality	NOUN
fsr-3160	132	9	constraints	constraint	NOUN
fsr-3160	132	10	for	for	ADP
fsr-3160	132	11	rmds	rmds	NOUN
fsr-3160	132	12	and	and	CCONJ
fsr-3160	132	13	account	account	NOUN
fsr-3160	132	14	balances	balance	NOUN
fsr-3160	132	15	.	.	PUNCT
fsr-3160	133	1	mtax	mtax	NOUN
fsr-3160	133	2	-	-	PUNCT
fsr-3160	133	3	deferred;t	deferred;t	NOUN
fsr-3160	133	4	≥rmdt	≥rmdt	NOUN
fsr-3160	133	5	for	for	ADP
fsr-3160	133	6	1≤	1≤	NUM
fsr-3160	133	7	t≤n	t≤n	PROPN
fsr-3160	133	8	(	(	PUNCT
fsr-3160	133	9	2	2	NUM
fsr-3160	133	10	)	)	PUNCT
fsr-3160	133	11	etax	etax	NOUN
fsr-3160	133	12	-	-	PUNCT
fsr-3160	133	13	deferreed;t	deferreed;t	NOUN
fsr-3160	133	14	≥	≥	NOUN
fsr-3160	133	15	0	0	NUM
fsr-3160	133	16	for	for	ADP
fsr-3160	133	17	1≤	1≤	NUM
fsr-3160	133	18	t≤n	t≤n	PROPN
fsr-3160	133	19	(	(	PUNCT
fsr-3160	133	20	3	3	NUM
fsr-3160	133	21	)	)	PUNCT
fsr-3160	133	22	etax	etax	NOUN
fsr-3160	133	23	-	-	PUNCT
fsr-3160	133	24	exempt;t	exempt;t	PROPN
fsr-3160	133	25	≥	≥	NOUN
fsr-3160	133	26	0	0	NUM
fsr-3160	133	27	for	for	ADP
fsr-3160	133	28	1≤	1≤	NUM
fsr-3160	133	29	t≤n	t≤n	PROPN
fsr-3160	133	30	(	(	PUNCT
fsr-3160	133	31	4	4	NUM
fsr-3160	133	32	)	)	PUNCT
fsr-3160	133	33	etaxable;t	etaxable;t	NOUN
fsr-3160	133	34	≥	≥	NOUN
fsr-3160	133	35	0	0	NUM
fsr-3160	133	36	for	for	ADP
fsr-3160	133	37	1≤	1≤	NUM
fsr-3160	133	38	t≤n	t≤n	PROPN
fsr-3160	133	39	(	(	PUNCT
fsr-3160	133	40	5	5	NUM
fsr-3160	133	41	)	)	PUNCT
fsr-3160	133	42	in	in	ADP
fsr-3160	133	43	eq	eq	ADP
fsr-3160	133	44	.	.	PUNCT
fsr-3160	134	1	(	(	PUNCT
fsr-3160	134	2	2	2	NUM
fsr-3160	134	3	)	)	PUNCT
fsr-3160	134	4	,	,	PUNCT
fsr-3160	134	5	we	we	PRON
fsr-3160	134	6	determine	determine	VERB
fsr-3160	134	7	rmds	rmds	NOUN
fsr-3160	134	8	from	from	ADP
fsr-3160	134	9	balances	balance	NOUN
fsr-3160	134	10	of	of	ADP
fsr-3160	134	11	the	the	DET
fsr-3160	134	12	previous	previous	ADJ
fsr-3160	134	13	year	year	NOUN
fsr-3160	134	14	’s	’s	PART
fsr-3160	134	15	tax	tax	NOUN
fsr-3160	134	16	-	-	PUNCT
fsr-3160	134	17	deferred	defer	VERB
fsr-3160	134	18	account	account	NOUN
fsr-3160	134	19	balances	balance	NOUN
fsr-3160	134	20	based	base	VERB
fsr-3160	134	21	on	on	ADP
fsr-3160	134	22	the	the	DET
fsr-3160	134	23	retiree	retiree	NOUN
fsr-3160	134	24	’s	’s	PART
fsr-3160	134	25	life	life	NOUN
fsr-3160	134	26	expectancy	expectancy	NOUN
fsr-3160	134	27	let	let	VERB
fsr-3160	134	28	.	.	PUNCT
fsr-3160	135	1	if	if	SCONJ
fsr-3160	135	2	the	the	DET
fsr-3160	135	3	retiree	retiree	NOUN
fsr-3160	135	4	was	be	AUX
fsr-3160	135	5	born	bear	VERB
fsr-3160	135	6	before	before	ADP
fsr-3160	135	7	june	june	PROPN
fsr-3160	135	8	30	30	NUM
fsr-3160	135	9	,	,	PUNCT
fsr-3160	135	10	1949	1949	NUM
fsr-3160	135	11	,	,	PUNCT
fsr-3160	135	12	then	then	ADV
fsr-3160	135	13	the	the	DET
fsr-3160	135	14	retiree	retiree	NOUN
fsr-3160	135	15	’s	’s	PART
fsr-3160	135	16	age	age	NOUN
fsr-3160	135	17	at	at	ADP
fsr-3160	135	18	the	the	DET
fsr-3160	135	19	end	end	NOUN
fsr-3160	135	20	of	of	ADP
fsr-3160	135	21	the	the	DET
fsr-3160	135	22	year	year	NOUN
fsr-3160	135	23	,	,	PUNCT
fsr-3160	135	24	at	at	ADP
fsr-3160	135	25	,	,	PUNCT
fsr-3160	135	26	is	be	AUX
fsr-3160	135	27	compared	compare	VERB
fsr-3160	135	28	with	with	ADP
fsr-3160	135	29	70.5	70.5	NUM
fsr-3160	135	30	years	year	NOUN
fsr-3160	135	31	.	.	PUNCT
fsr-3160	136	1	otherwise	otherwise	ADV
fsr-3160	136	2	,	,	PUNCT
fsr-3160	136	3	the	the	DET
fsr-3160	136	4	age	age	NOUN
fsr-3160	136	5	is	be	AUX
fsr-3160	136	6	compared	compare	VERB
fsr-3160	136	7	to	to	ADP
fsr-3160	136	8	72	72	NUM
fsr-3160	136	9	years	year	NOUN
fsr-3160	136	10	.	.	PUNCT
fsr-3160	137	1	we	we	PRON
fsr-3160	137	2	obtain	obtain	VERB
fsr-3160	137	3	life	life	NOUN
fsr-3160	137	4	expectancy	expectancy	NOUN
fsr-3160	137	5	from	from	ADP
fsr-3160	137	6	the	the	DET
fsr-3160	137	7	irs	irs	PROPN
fsr-3160	137	8	tables	table	NOUN
fsr-3160	137	9	,	,	PUNCT
fsr-3160	137	10	form	form	VERB
fsr-3160	137	11	590	590	NUM
fsr-3160	137	12	-	-	PUNCT
fsr-3160	137	13	b	b	NOUN
fsr-3160	137	14	,	,	PUNCT
fsr-3160	137	15	appendix	appendix	NOUN
fsr-3160	137	16	b.9	b.9	PUNCT
fsr-3160	137	17	note	note	NOUN
fsr-3160	137	18	that	that	SCONJ
fsr-3160	137	19	this	this	DET
fsr-3160	137	20	table	table	NOUN
fsr-3160	137	21	does	do	AUX
fsr-3160	137	22	not	not	PART
fsr-3160	137	23	distinguish	distinguish	VERB
fsr-3160	137	24	between	between	ADP
fsr-3160	137	25	men	man	NOUN
fsr-3160	137	26	and	and	CCONJ
fsr-3160	137	27	228	228	NUM
fsr-3160	137	28	j.	j.	PROPN
fsr-3160	137	29	a.	a.	PROPN
fsr-3160	137	30	dilellio	dilellio	PROPN
fsr-3160	137	31	and	and	CCONJ
fsr-3160	137	32	a.	a.	PROPN
fsr-3160	137	33	simon	simon	PROPN
fsr-3160	137	34	/	/	SYM
fsr-3160	137	35	financial	financial	ADJ
fsr-3160	137	36	services	service	NOUN
fsr-3160	137	37	review	review	VERB
fsr-3160	137	38	30	30	NUM
fsr-3160	137	39	(	(	PUNCT
fsr-3160	137	40	2022	2022	NUM
fsr-3160	137	41	)	)	PUNCT
fsr-3160	137	42	223–249	223–249	NUM
fsr-3160	137	43	women	woman	NOUN
fsr-3160	137	44	,	,	PUNCT
fsr-3160	137	45	so	so	ADV
fsr-3160	137	46	our	our	PRON
fsr-3160	137	47	reference	reference	NOUN
fsr-3160	137	48	to	to	ADP
fsr-3160	137	49	retiree	retiree	NOUN
fsr-3160	137	50	and	and	CCONJ
fsr-3160	137	51	spouse	spouse	NOUN
fsr-3160	137	52	in	in	ADP
fsr-3160	137	53	the	the	DET
fsr-3160	137	54	following	follow	VERB
fsr-3160	137	55	calculations	calculation	NOUN
fsr-3160	137	56	can	can	AUX
fsr-3160	137	57	be	be	AUX
fsr-3160	137	58	either	either	DET
fsr-3160	137	59	gender	gender	NOUN
fsr-3160	137	60	.	.	PUNCT
fsr-3160	138	1	rmdt	rmdt	ADJ
fsr-3160	138	2	¼	¼	NOUN
fsr-3160	138	3	0	0	NUM
fsr-3160	138	4	for	for	ADP
fsr-3160	138	5	at	at	ADP
fsr-3160	138	6	<	<	X
fsr-3160	138	7	70:5	70:5	NUM
fsr-3160	138	8	or	or	CCONJ
fsr-3160	138	9	72	72	NUM
fsr-3160	138	10	etax	etax	NOUN
fsr-3160	138	11	-	-	PUNCT
fsr-3160	138	12	deferred;t	deferred;t	NOUN
fsr-3160	138	13	�	�	NOUN
fsr-3160	138	14	1	1	NUM
fsr-3160	138	15	let	let	VERB
fsr-3160	138	16	for	for	ADP
fsr-3160	138	17	at	at	ADP
fsr-3160	138	18	>	>	X
fsr-3160	138	19	70:5	70:5	NUM
fsr-3160	138	20	or	or	CCONJ
fsr-3160	138	21	72	72	NUM
fsr-3160	138	22	(	(	PUNCT
fsr-3160	138	23	(	(	PUNCT
fsr-3160	138	24	6	6	NUM
fsr-3160	138	25	)	)	PUNCT
fsr-3160	138	26	eqs	eqs	X
fsr-3160	138	27	.	.	PUNCT
fsr-3160	139	1	(	(	PUNCT
fsr-3160	139	2	3–5	3–5	NOUN
fsr-3160	139	3	)	)	PUNCT
fsr-3160	139	4	represent	represent	VERB
fsr-3160	139	5	account	account	NOUN
fsr-3160	139	6	balances	balance	NOUN
fsr-3160	139	7	at	at	ADP
fsr-3160	139	8	the	the	DET
fsr-3160	139	9	end	end	NOUN
fsr-3160	139	10	of	of	ADP
fsr-3160	139	11	each	each	DET
fsr-3160	139	12	retirement	retirement	NOUN
fsr-3160	139	13	year	year	NOUN
fsr-3160	139	14	and	and	CCONJ
fsr-3160	139	15	thus	thus	ADV
fsr-3160	139	16	restrict	restrict	VERB
fsr-3160	139	17	negative	negative	ADJ
fsr-3160	139	18	balances	balance	NOUN
fsr-3160	139	19	in	in	ADP
fsr-3160	139	20	any	any	DET
fsr-3160	139	21	account	account	NOUN
fsr-3160	139	22	.	.	PUNCT
fsr-3160	140	1	we	we	PRON
fsr-3160	140	2	determine	determine	VERB
fsr-3160	140	3	account	account	NOUN
fsr-3160	140	4	balances	balance	NOUN
fsr-3160	140	5	each	each	DET
fsr-3160	140	6	year	year	NOUN
fsr-3160	140	7	using	use	VERB
fsr-3160	140	8	the	the	DET
fsr-3160	140	9	real	real	ADJ
fsr-3160	140	10	rate	rate	NOUN
fsr-3160	140	11	of	of	ADP
fsr-3160	140	12	return	return	NOUN
fsr-3160	140	13	of	of	ADP
fsr-3160	140	14	the	the	DET
fsr-3160	140	15	retiree	retiree	NOUN
fsr-3160	140	16	’s	’s	PART
fsr-3160	140	17	investments	investment	NOUN
fsr-3160	140	18	and	and	CCONJ
fsr-3160	140	19	deduct	deduct	VERB
fsr-3160	140	20	any	any	DET
fsr-3160	140	21	taxes	taxis	NOUN
fsr-3160	140	22	owed	owe	VERB
fsr-3160	140	23	.	.	PUNCT
fsr-3160	141	1	for	for	ADP
fsr-3160	141	2	the	the	DET
fsr-3160	141	3	tax	tax	NOUN
fsr-3160	141	4	-	-	PUNCT
fsr-3160	141	5	deferred	defer	VERB
fsr-3160	141	6	account	account	NOUN
fsr-3160	141	7	,	,	PUNCT
fsr-3160	141	8	we	we	PRON
fsr-3160	141	9	find	find	VERB
fsr-3160	141	10	the	the	DET
fsr-3160	141	11	end	end	NOUN
fsr-3160	141	12	-	-	PUNCT
fsr-3160	141	13	of	of	ADP
fsr-3160	141	14	-	-	PUNCT
fsr-3160	141	15	the	the	DET
fsr-3160	141	16	-	-	PUNCT
fsr-3160	141	17	year	year	NOUN
fsr-3160	141	18	account	account	NOUN
fsr-3160	141	19	balance	balance	NOUN
fsr-3160	141	20	in	in	ADP
fsr-3160	141	21	year	year	NOUN
fsr-3160	141	22	t	t	PROPN
fsr-3160	141	23	,	,	PUNCT
fsr-3160	141	24	etax	etax	PROPN
fsr-3160	141	25	�	�	PROPN
fsr-3160	141	26	deferred;t	deferred;t	PROPN
fsr-3160	141	27	,	,	PUNCT
fsr-3160	141	28	as	as	ADP
fsr-3160	141	29	etax	etax	NOUN
fsr-3160	141	30	-	-	PUNCT
fsr-3160	141	31	deferred;t	deferred;t	NOUN
fsr-3160	141	32	¼	¼	NOUN
fsr-3160	141	33	etax	etax	NOUN
fsr-3160	141	34	-	-	PUNCT
fsr-3160	141	35	deferred;t	deferred;t	NOUN
fsr-3160	141	36	�	�	PROPN
fsr-3160	141	37	1	1	NUM
fsr-3160	141	38	�	�	PROPN
fsr-3160	141	39	mtax	mtax	NOUN
fsr-3160	141	40	-	-	PUNCT
fsr-3160	141	41	deferred;t	deferred;t	NOUN
fsr-3160	141	42	þ	þ	NOUN
fsr-3160	141	43	ttax	ttax	ADJ
fsr-3160	141	44	-	-	PUNCT
fsr-3160	141	45	deferred;tð	deferred;tð	PROPN
fsr-3160	141	46	þ½	þ½	PROPN
fsr-3160	141	47	�	�	PROPN
fsr-3160	141	48	�	�	PROPN
fsr-3160	141	49	1þmtð	1þmtð	NUM
fsr-3160	141	50	þ	þ	NOUN
fsr-3160	141	51	:	:	PUNCT
fsr-3160	141	52	(	(	PUNCT
fsr-3160	141	53	7	7	X
fsr-3160	141	54	)	)	PUNCT
fsr-3160	141	55	the	the	DET
fsr-3160	141	56	term	term	NOUN
fsr-3160	141	57	mt	mt	PROPN
fsr-3160	141	58	is	be	AUX
fsr-3160	141	59	the	the	DET
fsr-3160	141	60	time	time	NOUN
fsr-3160	141	61	-	-	PUNCT
fsr-3160	141	62	dependent	dependent	ADJ
fsr-3160	141	63	real	real	ADJ
fsr-3160	141	64	rate	rate	NOUN
fsr-3160	141	65	of	of	ADP
fsr-3160	141	66	return	return	NOUN
fsr-3160	141	67	of	of	ADP
fsr-3160	141	68	a	a	DET
fsr-3160	141	69	stock	stock	NOUN
fsr-3160	141	70	-	-	PUNCT
fsr-3160	141	71	bond	bond	NOUN
fsr-3160	141	72	portfolio	portfolio	NOUN
fsr-3160	141	73	,	,	PUNCT
fsr-3160	141	74	and	and	CCONJ
fsr-3160	141	75	ttax	ttax	ADJ
fsr-3160	141	76	-	-	PUNCT
fsr-3160	141	77	deferred;t	deferred;t	NOUN
fsr-3160	141	78	are	be	AUX
fsr-3160	141	79	the	the	DET
fsr-3160	141	80	income	income	NOUN
fsr-3160	141	81	taxes	taxis	NOUN
fsr-3160	141	82	due	due	ADJ
fsr-3160	141	83	from	from	ADP
fsr-3160	141	84	the	the	DET
fsr-3160	141	85	tax	tax	NOUN
fsr-3160	141	86	-	-	PUNCT
fsr-3160	141	87	deferred	defer	VERB
fsr-3160	141	88	account	account	NOUN
fsr-3160	141	89	distribution	distribution	NOUN
fsr-3160	141	90	.	.	PUNCT
fsr-3160	142	1	because	because	SCONJ
fsr-3160	142	2	there	there	PRON
fsr-3160	142	3	may	may	AUX
fsr-3160	142	4	also	also	ADV
fsr-3160	142	5	be	be	AUX
fsr-3160	142	6	retiree	retiree	NOUN
fsr-3160	142	7	income	income	NOUN
fsr-3160	142	8	tax	tax	NOUN
fsr-3160	142	9	due	due	ADP
fsr-3160	142	10	to	to	ADP
fsr-3160	142	11	their	their	PRON
fsr-3160	142	12	social	social	ADJ
fsr-3160	142	13	security	security	NOUN
fsr-3160	142	14	and	and	CCONJ
fsr-3160	142	15	pension	pension	NOUN
fsr-3160	142	16	benefits	benefit	NOUN
fsr-3160	142	17	received	receive	VERB
fsr-3160	142	18	,	,	PUNCT
fsr-3160	142	19	ttax	ttax	PROPN
fsr-3160	142	20	�	�	PROPN
fsr-3160	142	21	deferred;t	deferred;t	PROPN
fsr-3160	142	22	is	be	AUX
fsr-3160	142	23	found	find	VERB
fsr-3160	142	24	after	after	ADP
fsr-3160	142	25	accounting	account	VERB
fsr-3160	142	26	for	for	ADP
fsr-3160	142	27	this	this	DET
fsr-3160	142	28	other	other	ADJ
fsr-3160	142	29	income	income	NOUN
fsr-3160	142	30	.	.	PUNCT
fsr-3160	143	1	our	our	PRON
fsr-3160	143	2	model	model	NOUN
fsr-3160	143	3	assumes	assume	VERB
fsr-3160	143	4	that	that	SCONJ
fsr-3160	143	5	85	85	NUM
fsr-3160	143	6	%	%	NOUN
fsr-3160	143	7	of	of	ADP
fsr-3160	143	8	social	social	ADJ
fsr-3160	143	9	security	security	NOUN
fsr-3160	143	10	benefits	benefit	NOUN
fsr-3160	143	11	are	be	AUX
fsr-3160	143	12	taxed	tax	VERB
fsr-3160	143	13	as	as	ADP
fsr-3160	143	14	ordinary	ordinary	ADJ
fsr-3160	143	15	income	income	NOUN
fsr-3160	143	16	,	,	PUNCT
fsr-3160	143	17	which	which	PRON
fsr-3160	143	18	is	be	AUX
fsr-3160	143	19	an	an	DET
fsr-3160	143	20	upper	upper	ADJ
fsr-3160	143	21	bound	bind	VERB
fsr-3160	143	22	on	on	ADP
fsr-3160	143	23	the	the	DET
fsr-3160	143	24	amount	amount	NOUN
fsr-3160	143	25	of	of	ADP
fsr-3160	143	26	tax	tax	NOUN
fsr-3160	143	27	that	that	PRON
fsr-3160	143	28	could	could	AUX
fsr-3160	143	29	be	be	AUX
fsr-3160	143	30	due	due	ADJ
fsr-3160	143	31	from	from	ADP
fsr-3160	143	32	social	social	ADJ
fsr-3160	143	33	security	security	NOUN
fsr-3160	143	34	.	.	PUNCT
fsr-3160	144	1	otherwise	otherwise	ADV
fsr-3160	144	2	,	,	PUNCT
fsr-3160	144	3	the	the	DET
fsr-3160	144	4	value	value	NOUN
fsr-3160	144	5	would	would	AUX
fsr-3160	144	6	not	not	PART
fsr-3160	144	7	solely	solely	ADV
fsr-3160	144	8	depend	depend	VERB
fsr-3160	144	9	on	on	ADP
fsr-3160	144	10	both	both	DET
fsr-3160	144	11	tax	tax	NOUN
fsr-3160	144	12	-	-	PUNCT
fsr-3160	144	13	deferred	defer	VERB
fsr-3160	144	14	account	account	NOUN
fsr-3160	144	15	distributions	distribution	NOUN
fsr-3160	144	16	,	,	PUNCT
fsr-3160	144	17	increasing	increase	VERB
fsr-3160	144	18	the	the	DET
fsr-3160	144	19	complexity	complexity	NOUN
fsr-3160	144	20	of	of	ADP
fsr-3160	144	21	the	the	DET
fsr-3160	144	22	optimization	optimization	NOUN
fsr-3160	144	23	problem	problem	NOUN
fsr-3160	144	24	.	.	PUNCT
fsr-3160	145	1	all	all	DET
fsr-3160	145	2	examples	example	NOUN
fsr-3160	145	3	shown	show	VERB
fsr-3160	145	4	in	in	ADP
fsr-3160	145	5	the	the	DET
fsr-3160	145	6	following	follow	VERB
fsr-3160	145	7	sections	section	NOUN
fsr-3160	145	8	satisfy	satisfy	VERB
fsr-3160	145	9	this	this	DET
fsr-3160	145	10	condition	condition	NOUN
fsr-3160	145	11	,	,	PUNCT
fsr-3160	145	12	which	which	PRON
fsr-3160	145	13	is	be	AUX
fsr-3160	145	14	an	an	DET
fsr-3160	145	15	individual	individual	NOUN
fsr-3160	145	16	with	with	ADP
fsr-3160	145	17	a	a	DET
fsr-3160	145	18	modified	modify	VERB
fsr-3160	145	19	adjusted	adjust	VERB
fsr-3160	145	20	gross	gross	ADJ
fsr-3160	145	21	income	income	NOUN
fsr-3160	145	22	of	of	ADP
fsr-3160	145	23	at	at	ADV
fsr-3160	145	24	least	least	ADV
fsr-3160	145	25	$	$	SYM
fsr-3160	145	26	34,000	34,000	NUM
fsr-3160	145	27	or	or	CCONJ
fsr-3160	145	28	at	at	ADV
fsr-3160	145	29	least	least	ADV
fsr-3160	145	30	$	$	SYM
fsr-3160	145	31	44,00	44,00	NOUN
fsr-3160	145	32	for	for	ADP
fsr-3160	145	33	a	a	DET
fsr-3160	145	34	married	married	ADJ
fsr-3160	145	35	couple	couple	NOUN
fsr-3160	145	36	filing	filing	NOUN
fsr-3160	145	37	jointly	jointly	ADV
fsr-3160	145	38	.	.	PUNCT
fsr-3160	146	1	for	for	ADP
fsr-3160	146	2	the	the	DET
fsr-3160	146	3	tax	tax	NOUN
fsr-3160	146	4	-	-	PUNCT
fsr-3160	146	5	exempt	exempt	ADJ
fsr-3160	146	6	account	account	NOUN
fsr-3160	146	7	,	,	PUNCT
fsr-3160	146	8	we	we	PRON
fsr-3160	146	9	find	find	VERB
fsr-3160	146	10	the	the	DET
fsr-3160	146	11	end	end	NOUN
fsr-3160	146	12	-	-	PUNCT
fsr-3160	146	13	of	of	ADP
fsr-3160	146	14	-	-	PUNCT
fsr-3160	146	15	the	the	DET
fsr-3160	146	16	-	-	PUNCT
fsr-3160	146	17	year	year	NOUN
fsr-3160	146	18	account	account	NOUN
fsr-3160	146	19	balance	balance	NOUN
fsr-3160	146	20	in	in	ADP
fsr-3160	146	21	year	year	NOUN
fsr-3160	146	22	t	t	PROPN
fsr-3160	146	23	,	,	PUNCT
fsr-3160	146	24	etax	etax	NOUN
fsr-3160	146	25	-	-	PUNCT
fsr-3160	146	26	exempt;t	exempt;t	PROPN
fsr-3160	146	27	,	,	PUNCT
fsr-3160	146	28	as	as	SCONJ
fsr-3160	146	29	etax	etax	NOUN
fsr-3160	146	30	-	-	PUNCT
fsr-3160	146	31	exempt;t	exempt;t	PROPN
fsr-3160	146	32	¼	¼	NOUN
fsr-3160	146	33	etax	etax	NOUN
fsr-3160	146	34	-	-	PUNCT
fsr-3160	146	35	exempt;t	exempt;t	NOUN
fsr-3160	146	36	�	�	PROPN
fsr-3160	146	37	1	1	NUM
fsr-3160	146	38	�	�	PROPN
fsr-3160	146	39	mtax	mtax	NOUN
fsr-3160	146	40	-	-	PUNCT
fsr-3160	146	41	exempt;t½	exempt;t½	PROPN
fsr-3160	146	42	�	�	PROPN
fsr-3160	146	43	1þmtð	1þmtð	NUM
fsr-3160	146	44	þ	þ	NOUN
fsr-3160	146	45	:	:	PUNCT
fsr-3160	146	46	(	(	PUNCT
fsr-3160	146	47	8)	8)	NUM
fsr-3160	146	48	note	note	NOUN
fsr-3160	146	49	that	that	SCONJ
fsr-3160	146	50	we	we	PRON
fsr-3160	146	51	assume	assume	VERB
fsr-3160	146	52	that	that	SCONJ
fsr-3160	146	53	the	the	DET
fsr-3160	146	54	asset	asset	NOUN
fsr-3160	146	55	allocation	allocation	NOUN
fsr-3160	146	56	in	in	ADP
fsr-3160	146	57	the	the	DET
fsr-3160	146	58	tax	tax	NOUN
fsr-3160	146	59	-	-	PUNCT
fsr-3160	146	60	deferred	defer	VERB
fsr-3160	146	61	account	account	NOUN
fsr-3160	146	62	is	be	AUX
fsr-3160	146	63	also	also	ADV
fsr-3160	146	64	applied	apply	VERB
fsr-3160	146	65	to	to	ADP
fsr-3160	146	66	the	the	DET
fsr-3160	146	67	tax	tax	NOUN
fsr-3160	146	68	-	-	PUNCT
fsr-3160	146	69	exempt	exempt	ADJ
fsr-3160	146	70	account	account	NOUN
fsr-3160	146	71	,	,	PUNCT
fsr-3160	146	72	so	so	CCONJ
fsr-3160	146	73	the	the	DET
fsr-3160	146	74	tax	tax	NOUN
fsr-3160	146	75	-	-	PUNCT
fsr-3160	146	76	exempt	exempt	ADJ
fsr-3160	146	77	account	account	NOUN
fsr-3160	146	78	grows	grow	VERB
fsr-3160	146	79	at	at	ADP
fsr-3160	146	80	the	the	DET
fsr-3160	146	81	same	same	ADJ
fsr-3160	146	82	rate	rate	NOUN
fsr-3160	146	83	mt	mt	PROPN
fsr-3160	146	84	each	each	DET
fsr-3160	146	85	year	year	NOUN
fsr-3160	146	86	.	.	PUNCT
fsr-3160	147	1	we	we	PRON
fsr-3160	147	2	shall	shall	AUX
fsr-3160	147	3	also	also	ADV
fsr-3160	147	4	apply	apply	VERB
fsr-3160	147	5	this	this	DET
fsr-3160	147	6	asset	asset	NOUN
fsr-3160	147	7	allocation	allocation	NOUN
fsr-3160	147	8	to	to	ADP
fsr-3160	147	9	the	the	DET
fsr-3160	147	10	taxable	taxable	ADJ
fsr-3160	147	11	account	account	NOUN
fsr-3160	147	12	.	.	PUNCT
fsr-3160	148	1	therefore	therefore	ADV
fsr-3160	148	2	,	,	PUNCT
fsr-3160	148	3	we	we	PRON
fsr-3160	148	4	determine	determine	VERB
fsr-3160	148	5	the	the	DET
fsr-3160	148	6	taxable	taxable	ADJ
fsr-3160	148	7	account	account	NOUN
fsr-3160	148	8	end	end	NOUN
fsr-3160	148	9	of	of	ADP
fsr-3160	148	10	year	year	NOUN
fsr-3160	148	11	balance	balance	NOUN
fsr-3160	148	12	in	in	ADP
fsr-3160	148	13	year	year	NOUN
fsr-3160	148	14	t	t	PROPN
fsr-3160	148	15	,	,	PUNCT
fsr-3160	148	16	etaxable;t	etaxable;t	PROPN
fsr-3160	148	17	,	,	PUNCT
fsr-3160	148	18	as	as	SCONJ
fsr-3160	148	19	etaxable;t	etaxable;t	PROPN
fsr-3160	148	20	¼	¼	NOUN
fsr-3160	148	21	etaxable;t	etaxable;t	PROPN
fsr-3160	148	22	�	�	PROPN
fsr-3160	148	23	1	1	NUM
fsr-3160	148	24	�	�	PROPN
fsr-3160	148	25	mtaxable;t	mtaxable;t	NOUN
fsr-3160	148	26	þ	þ	PROPN
fsr-3160	148	27	tgains;tð	tgains;tð	PROPN
fsr-3160	148	28	þ½	þ½	PROPN
fsr-3160	148	29	�	�	PROPN
fsr-3160	148	30	1þmtð	1þmtð	NUM
fsr-3160	148	31	þ	þ	NOUN
fsr-3160	148	32	:	:	PUNCT
fsr-3160	148	33	(	(	PUNCT
fsr-3160	148	34	9	9	X
fsr-3160	148	35	)	)	PUNCT
fsr-3160	148	36	we	we	PRON
fsr-3160	148	37	model	model	VERB
fsr-3160	148	38	our	our	PRON
fsr-3160	148	39	capital	capital	NOUN
fsr-3160	148	40	gains	gain	NOUN
fsr-3160	148	41	tax	tax	NOUN
fsr-3160	148	42	calculation	calculation	NOUN
fsr-3160	148	43	of	of	ADP
fsr-3160	148	44	tgains;tin	tgains;tin	NOUN
fsr-3160	148	45	the	the	DET
fsr-3160	148	46	following	following	ADJ
fsr-3160	148	47	ways	way	NOUN
fsr-3160	148	48	.	.	PUNCT
fsr-3160	149	1	first	first	ADV
fsr-3160	149	2	,	,	PUNCT
fsr-3160	149	3	we	we	PRON
fsr-3160	149	4	assume	assume	VERB
fsr-3160	149	5	all	all	DET
fsr-3160	149	6	gains	gain	NOUN
fsr-3160	149	7	are	be	AUX
fsr-3160	149	8	long	long	ADJ
fsr-3160	149	9	-	-	PUNCT
fsr-3160	149	10	term	term	NOUN
fsr-3160	149	11	,	,	PUNCT
fsr-3160	149	12	so	so	ADV
fsr-3160	149	13	we	we	PRON
fsr-3160	149	14	tax	tax	VERB
fsr-3160	149	15	these	these	DET
fsr-3160	149	16	gains	gain	NOUN
fsr-3160	149	17	at	at	ADP
fsr-3160	149	18	the	the	DET
fsr-3160	149	19	lower	low	ADJ
fsr-3160	149	20	capital	capital	NOUN
fsr-3160	149	21	gains	gain	NOUN
fsr-3160	149	22	rate	rate	NOUN
fsr-3160	149	23	,	,	PUNCT
fsr-3160	149	24	which	which	PRON
fsr-3160	149	25	is	be	AUX
fsr-3160	149	26	very	very	ADV
fsr-3160	149	27	likely	likely	ADJ
fsr-3160	149	28	for	for	ADP
fsr-3160	149	29	retirees	retiree	NOUN
fsr-3160	149	30	that	that	PRON
fsr-3160	149	31	are	be	AUX
fsr-3160	149	32	not	not	PART
fsr-3160	149	33	actively	actively	ADV
fsr-3160	149	34	trading	trade	VERB
fsr-3160	149	35	assets	asset	NOUN
fsr-3160	149	36	in	in	ADP
fsr-3160	149	37	their	their	PRON
fsr-3160	149	38	taxable	taxable	ADJ
fsr-3160	149	39	account	account	NOUN
fsr-3160	149	40	.	.	PUNCT
fsr-3160	150	1	tax	tax	NOUN
fsr-3160	150	2	brackets	bracket	NOUN
fsr-3160	150	3	used	use	VERB
fsr-3160	150	4	in	in	ADP
fsr-3160	150	5	this	this	DET
fsr-3160	150	6	paper	paper	NOUN
fsr-3160	150	7	appear	appear	VERB
fsr-3160	150	8	in	in	ADP
fsr-3160	150	9	the	the	DET
fsr-3160	150	10	appendix	appendix	ADJ
fsr-3160	150	11	table	table	NOUN
fsr-3160	150	12	a1	a1	NOUN
fsr-3160	150	13	and	and	CCONJ
fsr-3160	150	14	a2	a2	PROPN
fsr-3160	150	15	,	,	PUNCT
fsr-3160	150	16	for	for	ADP
fsr-3160	150	17	u.s	u.s	PROPN
fsr-3160	150	18	.	.	PROPN
fsr-3160	150	19	taxpayers	taxpayer	NOUN
fsr-3160	150	20	.	.	PUNCT
fsr-3160	151	1	however	however	ADV
fsr-3160	151	2	,	,	PUNCT
fsr-3160	151	3	other	other	ADJ
fsr-3160	151	4	developed	develop	VERB
fsr-3160	151	5	countries	country	NOUN
fsr-3160	151	6	also	also	ADV
fsr-3160	151	7	use	use	VERB
fsr-3160	151	8	a	a	DET
fsr-3160	151	9	progressive	progressive	ADJ
fsr-3160	151	10	tax	tax	NOUN
fsr-3160	151	11	system	system	NOUN
fsr-3160	151	12	,	,	PUNCT
fsr-3160	151	13	such	such	ADJ
fsr-3160	151	14	as	as	ADP
fsr-3160	151	15	the	the	DET
fsr-3160	151	16	united	united	PROPN
fsr-3160	151	17	kingdom	kingdom	PROPN
fsr-3160	151	18	,	,	PUNCT
fsr-3160	151	19	germany	germany	PROPN
fsr-3160	151	20	,	,	PUNCT
fsr-3160	151	21	canada	canada	PROPN
fsr-3160	151	22	,	,	PUNCT
fsr-3160	151	23	and	and	CCONJ
fsr-3160	151	24	australia	australia	PROPN
fsr-3160	151	25	,	,	PUNCT
fsr-3160	151	26	among	among	ADP
fsr-3160	151	27	others	other	NOUN
fsr-3160	151	28	.	.	PUNCT
fsr-3160	152	1	therefore	therefore	ADV
fsr-3160	152	2	,	,	PUNCT
fsr-3160	152	3	while	while	SCONJ
fsr-3160	152	4	the	the	DET
fsr-3160	152	5	results	result	NOUN
fsr-3160	152	6	that	that	PRON
fsr-3160	152	7	j.	j.	PROPN
fsr-3160	152	8	a.	a.	PROPN
fsr-3160	152	9	dilellio	dilellio	PROPN
fsr-3160	152	10	and	and	CCONJ
fsr-3160	152	11	a.	a.	PROPN
fsr-3160	152	12	simon	simon	PROPN
fsr-3160	152	13	/	/	SYM
fsr-3160	152	14	financial	financial	ADJ
fsr-3160	152	15	services	service	NOUN
fsr-3160	152	16	review	review	VERB
fsr-3160	152	17	30	30	NUM
fsr-3160	152	18	(	(	PUNCT
fsr-3160	152	19	2022	2022	NUM
fsr-3160	152	20	)	)	PUNCT
fsr-3160	152	21	223–249	223–249	NUM
fsr-3160	152	22	229	229	NUM
fsr-3160	152	23	follow	follow	NOUN
fsr-3160	152	24	will	will	AUX
fsr-3160	152	25	implement	implement	VERB
fsr-3160	152	26	only	only	ADV
fsr-3160	152	27	u.s	u.s	PROPN
fsr-3160	152	28	.	.	PROPN
fsr-3160	152	29	tax	tax	NOUN
fsr-3160	152	30	law	law	NOUN
fsr-3160	152	31	,	,	PUNCT
fsr-3160	152	32	we	we	PRON
fsr-3160	152	33	expect	expect	VERB
fsr-3160	152	34	these	these	DET
fsr-3160	152	35	results	result	NOUN
fsr-3160	152	36	to	to	PART
fsr-3160	152	37	be	be	AUX
fsr-3160	152	38	generalizable	generalizable	ADJ
fsr-3160	152	39	to	to	ADP
fsr-3160	152	40	any	any	DET
fsr-3160	152	41	country	country	NOUN
fsr-3160	152	42	with	with	ADP
fsr-3160	152	43	a	a	DET
fsr-3160	152	44	progressive	progressive	ADJ
fsr-3160	152	45	tax	tax	NOUN
fsr-3160	152	46	system	system	NOUN
fsr-3160	152	47	and	and	CCONJ
fsr-3160	152	48	different	different	ADJ
fsr-3160	152	49	rates	rate	NOUN
fsr-3160	152	50	for	for	ADP
fsr-3160	152	51	capital	capital	NOUN
fsr-3160	152	52	gains	gain	NOUN
fsr-3160	152	53	.	.	PUNCT
fsr-3160	153	1	we	we	PRON
fsr-3160	153	2	also	also	ADV
fsr-3160	153	3	assume	assume	VERB
fsr-3160	153	4	a	a	DET
fsr-3160	153	5	single	single	ADJ
fsr-3160	153	6	cost	cost	NOUN
fsr-3160	153	7	basis	basis	NOUN
fsr-3160	153	8	for	for	ADP
fsr-3160	153	9	the	the	DET
fsr-3160	153	10	taxable	taxable	ADJ
fsr-3160	153	11	account	account	NOUN
fsr-3160	153	12	.	.	PUNCT
fsr-3160	154	1	in	in	ADP
fsr-3160	154	2	fact	fact	NOUN
fsr-3160	154	3	,	,	PUNCT
fsr-3160	154	4	a	a	DET
fsr-3160	154	5	retiree	retiree	NOUN
fsr-3160	154	6	may	may	AUX
fsr-3160	154	7	have	have	AUX
fsr-3160	154	8	purchased	purchase	VERB
fsr-3160	154	9	stocks	stock	NOUN
fsr-3160	154	10	or	or	CCONJ
fsr-3160	154	11	bonds	bond	NOUN
fsr-3160	154	12	at	at	ADP
fsr-3160	154	13	multiple	multiple	ADJ
fsr-3160	154	14	basis	basis	NOUN
fsr-3160	154	15	,	,	PUNCT
fsr-3160	154	16	and	and	CCONJ
fsr-3160	154	17	could	could	AUX
fsr-3160	154	18	realize	realize	VERB
fsr-3160	154	19	additional	additional	ADJ
fsr-3160	154	20	tax	tax	NOUN
fsr-3160	154	21	savings	saving	NOUN
fsr-3160	154	22	if	if	SCONJ
fsr-3160	154	23	higher	high	ADJ
fsr-3160	154	24	basis	basis	NOUN
fsr-3160	154	25	investments	investment	NOUN
fsr-3160	154	26	are	be	AUX
fsr-3160	154	27	liquidated	liquidate	VERB
fsr-3160	154	28	first	first	ADV
fsr-3160	154	29	.	.	PUNCT
fsr-3160	155	1	however	however	ADV
fsr-3160	155	2	,	,	PUNCT
fsr-3160	155	3	it	it	PRON
fsr-3160	155	4	is	be	AUX
fsr-3160	155	5	also	also	ADV
fsr-3160	155	6	possible	possible	ADJ
fsr-3160	155	7	that	that	SCONJ
fsr-3160	155	8	a	a	DET
fsr-3160	155	9	retiree	retiree	NOUN
fsr-3160	155	10	may	may	AUX
fsr-3160	155	11	not	not	PART
fsr-3160	155	12	be	be	AUX
fsr-3160	155	13	aware	aware	ADJ
fsr-3160	155	14	of	of	ADP
fsr-3160	155	15	this	this	DET
fsr-3160	155	16	fact	fact	NOUN
fsr-3160	155	17	,	,	PUNCT
fsr-3160	155	18	and	and	CCONJ
fsr-3160	155	19	liquidate	liquidate	VERB
fsr-3160	155	20	lower	low	ADJ
fsr-3160	155	21	basis	basis	NOUN
fsr-3160	155	22	investment	investment	NOUN
fsr-3160	155	23	first	first	ADV
fsr-3160	155	24	,	,	PUNCT
fsr-3160	155	25	increasing	increase	VERB
fsr-3160	155	26	their	their	PRON
fsr-3160	155	27	tax	tax	NOUN
fsr-3160	155	28	liability	liability	NOUN
fsr-3160	155	29	.	.	PUNCT
fsr-3160	156	1	therefore	therefore	ADV
fsr-3160	156	2	,	,	PUNCT
fsr-3160	156	3	the	the	DET
fsr-3160	156	4	single	single	ADJ
fsr-3160	156	5	cost	cost	NOUN
fsr-3160	156	6	basis	basis	NOUN
fsr-3160	156	7	represents	represent	VERB
fsr-3160	156	8	a	a	DET
fsr-3160	156	9	weighted	weighted	ADJ
fsr-3160	156	10	average	average	NOUN
fsr-3160	156	11	of	of	ADP
fsr-3160	156	12	all	all	DET
fsr-3160	156	13	cost	cost	NOUN
fsr-3160	156	14	basis	basis	NOUN
fsr-3160	156	15	.	.	PUNCT
fsr-3160	157	1	the	the	DET
fsr-3160	157	2	framework	framework	NOUN
fsr-3160	157	3	of	of	ADP
fsr-3160	157	4	the	the	DET
fsr-3160	157	5	model	model	NOUN
fsr-3160	157	6	could	could	AUX
fsr-3160	157	7	be	be	AUX
fsr-3160	157	8	expanded	expand	VERB
fsr-3160	157	9	to	to	PART
fsr-3160	157	10	include	include	VERB
fsr-3160	157	11	multiple	multiple	ADJ
fsr-3160	157	12	cost	cost	NOUN
fsr-3160	157	13	bases	basis	NOUN
fsr-3160	157	14	,	,	PUNCT
fsr-3160	157	15	but	but	CCONJ
fsr-3160	157	16	the	the	DET
fsr-3160	157	17	generalization	generalization	NOUN
fsr-3160	157	18	of	of	ADP
fsr-3160	157	19	the	the	DET
fsr-3160	157	20	findings	finding	NOUN
fsr-3160	157	21	would	would	AUX
fsr-3160	157	22	be	be	AUX
fsr-3160	157	23	unchanged	unchanged	ADJ
fsr-3160	157	24	.	.	PUNCT
fsr-3160	158	1	consequently	consequently	ADV
fsr-3160	158	2	,	,	PUNCT
fsr-3160	158	3	we	we	PRON
fsr-3160	158	4	do	do	AUX
fsr-3160	158	5	not	not	PART
fsr-3160	158	6	attempt	attempt	VERB
fsr-3160	158	7	to	to	PART
fsr-3160	158	8	reinvest	reinvest	VERB
fsr-3160	158	9	stock	stock	NOUN
fsr-3160	158	10	dividends	dividend	NOUN
fsr-3160	158	11	and	and	CCONJ
fsr-3160	158	12	bond	bond	NOUN
fsr-3160	158	13	coupon	coupon	NOUN
fsr-3160	158	14	payments	payment	NOUN
fsr-3160	158	15	,	,	PUNCT
fsr-3160	158	16	but	but	CCONJ
fsr-3160	158	17	rather	rather	ADV
fsr-3160	158	18	use	use	VERB
fsr-3160	158	19	them	they	PRON
fsr-3160	158	20	to	to	PART
fsr-3160	158	21	satisfy	satisfy	VERB
fsr-3160	158	22	current	current	ADJ
fsr-3160	158	23	-	-	PUNCT
fsr-3160	158	24	year	year	NOUN
fsr-3160	158	25	retirement	retirement	NOUN
fsr-3160	158	26	income	income	NOUN
fsr-3160	158	27	needs	need	NOUN
fsr-3160	158	28	.	.	PUNCT
fsr-3160	159	1	in	in	ADP
fsr-3160	159	2	the	the	DET
fsr-3160	159	3	event	event	NOUN
fsr-3160	159	4	that	that	PRON
fsr-3160	159	5	tax	tax	NOUN
fsr-3160	159	6	-	-	PUNCT
fsr-3160	159	7	deferred	defer	VERB
fsr-3160	159	8	account	account	NOUN
fsr-3160	159	9	withdrawals	withdrawal	NOUN
fsr-3160	159	10	,	,	PUNCT
fsr-3160	159	11	along	along	ADP
fsr-3160	159	12	with	with	ADP
fsr-3160	159	13	other	other	ADJ
fsr-3160	159	14	interest	interest	NOUN
fsr-3160	159	15	income	income	NOUN
fsr-3160	159	16	,	,	PUNCT
fsr-3160	159	17	pensions	pension	NOUN
fsr-3160	159	18	,	,	PUNCT
fsr-3160	159	19	and	and	CCONJ
fsr-3160	159	20	social	social	ADJ
fsr-3160	159	21	security	security	NOUN
fsr-3160	159	22	exceed	exceed	VERB
fsr-3160	159	23	the	the	DET
fsr-3160	159	24	income	income	NOUN
fsr-3160	159	25	needed	need	VERB
fsr-3160	159	26	,	,	PUNCT
fsr-3160	159	27	we	we	PRON
fsr-3160	159	28	transfer	transfer	VERB
fsr-3160	159	29	these	these	DET
fsr-3160	159	30	excess	excess	ADJ
fsr-3160	159	31	amounts	amount	NOUN
fsr-3160	159	32	to	to	ADP
fsr-3160	159	33	a	a	DET
fsr-3160	159	34	zero	zero	NUM
fsr-3160	159	35	-	-	PUNCT
fsr-3160	159	36	dividend	dividend	NOUN
fsr-3160	159	37	investment	investment	NOUN
fsr-3160	159	38	.	.	PUNCT
fsr-3160	160	1	using	use	VERB
fsr-3160	160	2	a	a	DET
fsr-3160	160	3	zero	zero	NUM
fsr-3160	160	4	-	-	PUNCT
fsr-3160	160	5	dividend	dividend	NOUN
fsr-3160	160	6	investment	investment	NOUN
fsr-3160	160	7	minimizes	minimize	VERB
fsr-3160	160	8	annual	annual	ADJ
fsr-3160	160	9	taxes	taxis	NOUN
fsr-3160	160	10	on	on	ADP
fsr-3160	160	11	dividends	dividend	NOUN
fsr-3160	160	12	while	while	SCONJ
fsr-3160	160	13	maximizing	maximize	VERB
fsr-3160	160	14	the	the	DET
fsr-3160	160	15	step	step	NOUN
fsr-3160	160	16	-	-	PUNCT
fsr-3160	160	17	up	up	NOUN
fsr-3160	160	18	in	in	ADP
fsr-3160	160	19	cost	cost	NOUN
fsr-3160	160	20	basis	basis	NOUN
fsr-3160	160	21	.	.	PUNCT
fsr-3160	161	1	this	this	DET
fsr-3160	161	2	approach	approach	NOUN
fsr-3160	161	3	is	be	AUX
fsr-3160	161	4	similar	similar	ADJ
fsr-3160	161	5	to	to	ADP
fsr-3160	161	6	the	the	DET
fsr-3160	161	7	strategy	strategy	NOUN
fsr-3160	161	8	employed	employ	VERB
fsr-3160	161	9	by	by	ADP
fsr-3160	161	10	cook	cook	NOUN
fsr-3160	161	11	et	et	PROPN
fsr-3160	161	12	al	al	PROPN
fsr-3160	161	13	.	.	PUNCT
fsr-3160	162	1	(	(	PUNCT
fsr-3160	162	2	2015	2015	NUM
fsr-3160	162	3	)	)	PUNCT
fsr-3160	162	4	,	,	PUNCT
fsr-3160	162	5	except	except	SCONJ
fsr-3160	162	6	we	we	PRON
fsr-3160	162	7	minimize	minimize	VERB
fsr-3160	162	8	the	the	DET
fsr-3160	162	9	tax	tax	NOUN
fsr-3160	162	10	drag	drag	NOUN
fsr-3160	162	11	of	of	ADP
fsr-3160	162	12	dividends	dividend	NOUN
fsr-3160	162	13	in	in	ADP
fsr-3160	162	14	this	this	DET
fsr-3160	162	15	separate	separate	ADJ
fsr-3160	162	16	taxable	taxable	ADJ
fsr-3160	162	17	account	account	NOUN
fsr-3160	162	18	,	,	PUNCT
fsr-3160	162	19	which	which	PRON
fsr-3160	162	20	will	will	AUX
fsr-3160	162	21	be	be	AUX
fsr-3160	162	22	transferred	transfer	VERB
fsr-3160	162	23	in	in	ADP
fsr-3160	162	24	its	its	PRON
fsr-3160	162	25	entirety	entirety	NOUN
fsr-3160	162	26	to	to	ADP
fsr-3160	162	27	the	the	DET
fsr-3160	162	28	heirs	heir	NOUN
fsr-3160	162	29	.	.	PUNCT
fsr-3160	163	1	next	next	ADV
fsr-3160	163	2	,	,	PUNCT
fsr-3160	163	3	we	we	PRON
fsr-3160	163	4	assume	assume	VERB
fsr-3160	163	5	a	a	DET
fsr-3160	163	6	“	"	PUNCT
fsr-3160	163	7	glide	glide	ADJ
fsr-3160	163	8	path	path	NOUN
fsr-3160	163	9	”	"	PUNCT
fsr-3160	163	10	asset	asset	NOUN
fsr-3160	163	11	allocation	allocation	NOUN
fsr-3160	163	12	of	of	ADP
fsr-3160	163	13	stock	stock	NOUN
fsr-3160	163	14	and	and	CCONJ
fsr-3160	163	15	bonds	bond	NOUN
fsr-3160	163	16	in	in	ADP
fsr-3160	163	17	the	the	DET
fsr-3160	163	18	taxable	taxable	ADJ
fsr-3160	163	19	account	account	NOUN
fsr-3160	163	20	identical	identical	ADJ
fsr-3160	163	21	to	to	ADP
fsr-3160	163	22	the	the	DET
fsr-3160	163	23	tax	tax	NOUN
fsr-3160	163	24	-	-	PUNCT
fsr-3160	163	25	deferred	defer	VERB
fsr-3160	163	26	and	and	CCONJ
fsr-3160	163	27	tax	tax	NOUN
fsr-3160	163	28	-	-	PUNCT
fsr-3160	163	29	exempt	exempt	ADJ
fsr-3160	163	30	accounts	account	NOUN
fsr-3160	163	31	,	,	PUNCT
fsr-3160	163	32	which	which	PRON
fsr-3160	163	33	is	be	AUX
fsr-3160	163	34	consistent	consistent	ADJ
fsr-3160	163	35	with	with	ADP
fsr-3160	163	36	the	the	DET
fsr-3160	163	37	practice	practice	NOUN
fsr-3160	163	38	among	among	ADP
fsr-3160	163	39	financial	financial	ADJ
fsr-3160	163	40	advisors	advisor	NOUN
fsr-3160	163	41	.	.	PUNCT
fsr-3160	164	1	additionally	additionally	ADV
fsr-3160	164	2	,	,	PUNCT
fsr-3160	164	3	varying	vary	VERB
fsr-3160	164	4	asset	asset	NOUN
fsr-3160	164	5	allocations	allocation	NOUN
fsr-3160	164	6	between	between	ADP
fsr-3160	164	7	accounts	account	NOUN
fsr-3160	164	8	can	can	AUX
fsr-3160	164	9	bias	bias	VERB
fsr-3160	164	10	optimal	optimal	ADJ
fsr-3160	164	11	drawdowns	drawdown	NOUN
fsr-3160	164	12	,	,	PUNCT
fsr-3160	164	13	delaying	delay	VERB
fsr-3160	164	14	account	account	NOUN
fsr-3160	164	15	drawdowns	drawdown	NOUN
fsr-3160	164	16	with	with	ADP
fsr-3160	164	17	higher	high	ADJ
fsr-3160	164	18	stock	stock	NOUN
fsr-3160	164	19	allocations	allocation	NOUN
fsr-3160	164	20	due	due	ADP
fsr-3160	164	21	to	to	ADP
fsr-3160	164	22	their	their	PRON
fsr-3160	164	23	higher	high	ADJ
fsr-3160	164	24	expected	expect	VERB
fsr-3160	164	25	returns	return	NOUN
fsr-3160	164	26	.	.	PUNCT
fsr-3160	165	1	the	the	DET
fsr-3160	165	2	glide	glide	ADJ
fsr-3160	165	3	path	path	NOUN
fsr-3160	165	4	is	be	AUX
fsr-3160	165	5	initially	initially	ADV
fsr-3160	165	6	set	set	VERB
fsr-3160	165	7	based	base	VERB
fsr-3160	165	8	on	on	ADP
fsr-3160	165	9	the	the	DET
fsr-3160	165	10	retiree	retiree	NOUN
fsr-3160	165	11	’s	’s	PART
fsr-3160	165	12	age	age	NOUN
fsr-3160	165	13	so	so	SCONJ
fsr-3160	165	14	that	that	SCONJ
fsr-3160	165	15	stock	stock	NOUN
fsr-3160	165	16	allocation	allocation	NOUN
fsr-3160	165	17	is	be	AUX
fsr-3160	165	18	equal	equal	ADJ
fsr-3160	165	19	to	to	ADP
fsr-3160	165	20	120	120	NUM
fsr-3160	165	21	-	-	PUNCT
fsr-3160	165	22	age	age	NOUN
fsr-3160	165	23	.	.	PUNCT
fsr-3160	166	1	thus	thus	ADV
fsr-3160	166	2	,	,	PUNCT
fsr-3160	166	3	a	a	DET
fsr-3160	166	4	60	60	NUM
fsr-3160	166	5	-	-	PUNCT
fsr-3160	166	6	year	year	NOUN
fsr-3160	166	7	-	-	PUNCT
fsr-3160	166	8	old	old	ADJ
fsr-3160	166	9	retiree	retiree	NOUN
fsr-3160	166	10	starts	start	VERB
fsr-3160	166	11	with	with	ADP
fsr-3160	166	12	an	an	DET
fsr-3160	166	13	asset	asset	NOUN
fsr-3160	166	14	allocation	allocation	NOUN
fsr-3160	166	15	of	of	ADP
fsr-3160	166	16	60	60	NUM
fsr-3160	166	17	%	%	NOUN
fsr-3160	166	18	stock	stock	NOUN
fsr-3160	166	19	and	and	CCONJ
fsr-3160	166	20	40	40	NUM
fsr-3160	166	21	%	%	NOUN
fsr-3160	166	22	bonds	bond	NOUN
fsr-3160	166	23	,	,	PUNCT
fsr-3160	166	24	with	with	ADP
fsr-3160	166	25	a	a	DET
fsr-3160	166	26	1	1	NUM
fsr-3160	166	27	%	%	NOUN
fsr-3160	166	28	shift	shift	NOUN
fsr-3160	166	29	from	from	ADP
fsr-3160	166	30	stocks	stock	NOUN
fsr-3160	166	31	to	to	ADP
fsr-3160	166	32	bonds	bond	NOUN
fsr-3160	166	33	each	each	DET
fsr-3160	166	34	year	year	NOUN
fsr-3160	166	35	of	of	ADP
fsr-3160	166	36	retirement	retirement	NOUN
fsr-3160	166	37	.	.	PUNCT
fsr-3160	167	1	a	a	DET
fsr-3160	167	2	similar	similar	ADJ
fsr-3160	167	3	glide	glide	NOUN
fsr-3160	167	4	path	path	NOUN
fsr-3160	167	5	is	be	AUX
fsr-3160	167	6	set	set	VERB
fsr-3160	167	7	for	for	ADP
fsr-3160	167	8	the	the	DET
fsr-3160	167	9	spouse	spouse	NOUN
fsr-3160	167	10	,	,	PUNCT
fsr-3160	167	11	in	in	ADP
fsr-3160	167	12	case	case	NOUN
fsr-3160	167	13	their	their	PRON
fsr-3160	167	14	age	age	NOUN
fsr-3160	167	15	differs	differ	VERB
fsr-3160	167	16	.	.	PUNCT
fsr-3160	168	1	we	we	PRON
fsr-3160	168	2	do	do	AUX
fsr-3160	168	3	not	not	PART
fsr-3160	168	4	include	include	VERB
fsr-3160	168	5	investor	investor	NOUN
fsr-3160	168	6	sentiment	sentiment	NOUN
fsr-3160	168	7	to	to	ADP
fsr-3160	168	8	market	market	NOUN
fsr-3160	168	9	risk	risk	NOUN
fsr-3160	168	10	,	,	PUNCT
fsr-3160	168	11	which	which	PRON
fsr-3160	168	12	is	be	AUX
fsr-3160	168	13	likely	likely	ADJ
fsr-3160	168	14	to	to	PART
fsr-3160	168	15	affect	affect	VERB
fsr-3160	168	16	their	their	PRON
fsr-3160	168	17	asset	asset	NOUN
fsr-3160	168	18	allocation	allocation	NOUN
fsr-3160	168	19	decisions	decision	NOUN
fsr-3160	168	20	during	during	ADP
fsr-3160	168	21	retirement	retirement	NOUN
fsr-3160	168	22	.	.	PUNCT
fsr-3160	169	1	eqs	eqs	PROPN
fsr-3160	169	2	.	.	PUNCT
fsr-3160	170	1	(	(	PUNCT
fsr-3160	170	2	7–9	7–9	NOUN
fsr-3160	170	3	)	)	PUNCT
fsr-3160	170	4	above	above	ADV
fsr-3160	170	5	can	can	AUX
fsr-3160	170	6	accommodate	accommodate	VERB
fsr-3160	170	7	time	time	NOUN
fsr-3160	170	8	variation	variation	NOUN
fsr-3160	170	9	,	,	PUNCT
fsr-3160	170	10	so	so	CCONJ
fsr-3160	170	11	our	our	PRON
fsr-3160	170	12	model	model	NOUN
fsr-3160	170	13	’s	’s	PART
fsr-3160	170	14	framework	framework	NOUN
fsr-3160	170	15	is	be	AUX
fsr-3160	170	16	sufficiently	sufficiently	ADV
fsr-3160	170	17	flexible	flexible	ADJ
fsr-3160	170	18	to	to	PART
fsr-3160	170	19	accommodate	accommodate	VERB
fsr-3160	170	20	this	this	DET
fsr-3160	170	21	effect	effect	NOUN
fsr-3160	170	22	.	.	PUNCT
fsr-3160	171	1	lastly	lastly	ADV
fsr-3160	171	2	,	,	PUNCT
fsr-3160	171	3	we	we	PRON
fsr-3160	171	4	assume	assume	VERB
fsr-3160	171	5	stock	stock	NOUN
fsr-3160	171	6	dividends	dividend	NOUN
fsr-3160	171	7	are	be	AUX
fsr-3160	171	8	all	all	ADV
fsr-3160	171	9	qualified	qualified	ADJ
fsr-3160	171	10	,	,	PUNCT
fsr-3160	171	11	so	so	SCONJ
fsr-3160	171	12	they	they	PRON
fsr-3160	171	13	are	be	AUX
fsr-3160	171	14	taxed	tax	VERB
fsr-3160	171	15	as	as	ADP
fsr-3160	171	16	a	a	DET
fsr-3160	171	17	capital	capital	NOUN
fsr-3160	171	18	gain	gain	NOUN
fsr-3160	171	19	,	,	PUNCT
fsr-3160	171	20	like	like	ADP
fsr-3160	171	21	the	the	DET
fsr-3160	171	22	ishares	ishares	PROPN
fsr-3160	171	23	core	core	PROPN
fsr-3160	171	24	s&p	s&p	PROPN
fsr-3160	171	25	500	500	NUM
fsr-3160	171	26	index	index	NOUN
fsr-3160	171	27	etf	etf	NOUN
fsr-3160	171	28	(	(	PUNCT
fsr-3160	171	29	ticker	ticker	NOUN
fsr-3160	171	30	:	:	PUNCT
fsr-3160	171	31	ivv	ivv	PROPN
fsr-3160	171	32	)	)	PUNCT
fsr-3160	171	33	.	.	PUNCT
fsr-3160	172	1	alternatively	alternatively	ADV
fsr-3160	172	2	,	,	PUNCT
fsr-3160	172	3	we	we	PRON
fsr-3160	172	4	assume	assume	VERB
fsr-3160	172	5	bond	bond	NOUN
fsr-3160	172	6	income	income	NOUN
fsr-3160	172	7	is	be	AUX
fsr-3160	172	8	taxed	tax	VERB
fsr-3160	172	9	as	as	ADP
fsr-3160	172	10	ordinary	ordinary	ADJ
fsr-3160	172	11	income	income	NOUN
fsr-3160	172	12	,	,	PUNCT
fsr-3160	172	13	like	like	ADP
fsr-3160	172	14	the	the	DET
fsr-3160	172	15	ishares	ishares	NOUN
fsr-3160	172	16	aggregate	aggregate	NOUN
fsr-3160	172	17	bond	bond	NOUN
fsr-3160	172	18	index	index	NOUN
fsr-3160	172	19	etf	etf	NOUN
fsr-3160	172	20	(	(	PUNCT
fsr-3160	172	21	ticker	ticker	PROPN
fsr-3160	172	22	agg	agg	PROPN
fsr-3160	172	23	)	)	PUNCT
fsr-3160	172	24	.	.	PUNCT
fsr-3160	173	1	because	because	SCONJ
fsr-3160	173	2	return	return	NOUN
fsr-3160	173	3	uncertainty	uncertainty	NOUN
fsr-3160	173	4	is	be	AUX
fsr-3160	173	5	not	not	PART
fsr-3160	173	6	included	include	VERB
fsr-3160	173	7	in	in	ADP
fsr-3160	173	8	this	this	DET
fsr-3160	173	9	model	model	NOUN
fsr-3160	173	10	,	,	PUNCT
fsr-3160	173	11	we	we	PRON
fsr-3160	173	12	do	do	AUX
fsr-3160	173	13	not	not	PART
fsr-3160	173	14	model	model	VERB
fsr-3160	173	15	tax	tax	NOUN
fsr-3160	173	16	-	-	PUNCT
fsr-3160	173	17	loss	loss	NOUN
fsr-3160	173	18	harvesting	harvesting	NOUN
fsr-3160	173	19	of	of	ADP
fsr-3160	173	20	either	either	CCONJ
fsr-3160	173	21	short	short	ADJ
fsr-3160	173	22	-	-	PUNCT
fsr-3160	173	23	term	term	NOUN
fsr-3160	173	24	or	or	CCONJ
fsr-3160	173	25	long	long	ADJ
fsr-3160	173	26	-	-	PUNCT
fsr-3160	173	27	term	term	NOUN
fsr-3160	173	28	losses	loss	NOUN
fsr-3160	173	29	on	on	ADP
fsr-3160	173	30	taxable	taxable	ADJ
fsr-3160	173	31	account	account	NOUN
fsr-3160	173	32	investments	investment	NOUN
fsr-3160	173	33	.	.	PUNCT
fsr-3160	174	1	however	however	ADV
fsr-3160	174	2	,	,	PUNCT
fsr-3160	174	3	we	we	PRON
fsr-3160	174	4	do	do	AUX
fsr-3160	174	5	generalize	generalize	VERB
fsr-3160	174	6	our	our	PRON
fsr-3160	174	7	results	result	NOUN
fsr-3160	174	8	using	use	VERB
fsr-3160	174	9	a	a	DET
fsr-3160	174	10	sensitivity	sensitivity	NOUN
fsr-3160	174	11	analysis	analysis	NOUN
fsr-3160	174	12	that	that	PRON
fsr-3160	174	13	varies	vary	VERB
fsr-3160	174	14	the	the	DET
fsr-3160	174	15	expected	expect	VERB
fsr-3160	174	16	return	return	NOUN
fsr-3160	174	17	(	(	PUNCT
fsr-3160	174	18	among	among	ADP
fsr-3160	174	19	other	other	ADJ
fsr-3160	174	20	inputs	input	NOUN
fsr-3160	174	21	)	)	PUNCT
fsr-3160	174	22	to	to	PART
fsr-3160	174	23	capture	capture	VERB
fsr-3160	174	24	the	the	DET
fsr-3160	174	25	effect	effect	NOUN
fsr-3160	174	26	of	of	ADP
fsr-3160	174	27	different	different	ADJ
fsr-3160	174	28	long	long	ADJ
fsr-3160	174	29	-	-	PUNCT
fsr-3160	174	30	run	run	VERB
fsr-3160	174	31	stock	stock	NOUN
fsr-3160	174	32	and	and	CCONJ
fsr-3160	174	33	bond	bond	NOUN
fsr-3160	174	34	total	total	ADJ
fsr-3160	174	35	return	return	NOUN
fsr-3160	174	36	performances	performance	NOUN
fsr-3160	174	37	.	.	PUNCT
fsr-3160	175	1	we	we	PRON
fsr-3160	175	2	show	show	VERB
fsr-3160	175	3	that	that	SCONJ
fsr-3160	175	4	the	the	DET
fsr-3160	175	5	optimization	optimization	NOUN
fsr-3160	175	6	is	be	AUX
fsr-3160	175	7	largely	largely	ADV
fsr-3160	175	8	insensitive	insensitive	ADJ
fsr-3160	175	9	to	to	ADP
fsr-3160	175	10	stock	stock	NOUN
fsr-3160	175	11	returns	return	NOUN
fsr-3160	175	12	and	and	CCONJ
fsr-3160	175	13	bond	bond	NOUN
fsr-3160	175	14	returns	return	NOUN
fsr-3160	175	15	.	.	PUNCT
fsr-3160	176	1	fig	fig	NOUN
fsr-3160	176	2	.	.	PUNCT
fsr-3160	177	1	1	1	NUM
fsr-3160	177	2	provides	provide	VERB
fsr-3160	177	3	a	a	DET
fsr-3160	177	4	graphical	graphical	ADJ
fsr-3160	177	5	representation	representation	NOUN
fsr-3160	177	6	of	of	ADP
fsr-3160	177	7	these	these	DET
fsr-3160	177	8	assumptions	assumption	NOUN
fsr-3160	177	9	.	.	PUNCT
fsr-3160	178	1	this	this	DET
fsr-3160	178	2	model	model	NOUN
fsr-3160	178	3	does	do	AUX
fsr-3160	178	4	include	include	VERB
fsr-3160	178	5	many	many	ADJ
fsr-3160	178	6	aspects	aspect	NOUN
fsr-3160	178	7	of	of	ADP
fsr-3160	178	8	the	the	DET
fsr-3160	178	9	tax	tax	NOUN
fsr-3160	178	10	systems	system	NOUN
fsr-3160	178	11	throughout	throughout	ADP
fsr-3160	178	12	the	the	DET
fsr-3160	178	13	world	world	NOUN
fsr-3160	178	14	,	,	PUNCT
fsr-3160	178	15	such	such	ADJ
fsr-3160	178	16	as	as	ADP
fsr-3160	178	17	deductions	deduction	NOUN
fsr-3160	178	18	,	,	PUNCT
fsr-3160	178	19	income	income	NOUN
fsr-3160	178	20	tax	tax	NOUN
fsr-3160	178	21	,	,	PUNCT
fsr-3160	178	22	and	and	CCONJ
fsr-3160	178	23	capital	capital	NOUN
fsr-3160	178	24	gains	gain	NOUN
fsr-3160	178	25	taxes	taxis	NOUN
fsr-3160	178	26	stack	stack	VERB
fsr-3160	178	27	on	on	ADP
fsr-3160	178	28	top	top	NOUN
fsr-3160	178	29	of	of	ADP
fsr-3160	178	30	one	one	NUM
fsr-3160	178	31	another	another	DET
fsr-3160	178	32	.	.	PUNCT
fsr-3160	179	1	however	however	ADV
fsr-3160	179	2	,	,	PUNCT
fsr-3160	179	3	other	other	ADJ
fsr-3160	179	4	elements	element	NOUN
fsr-3160	179	5	,	,	PUNCT
fsr-3160	179	6	like	like	ADP
fsr-3160	179	7	the	the	DET
fsr-3160	179	8	u.s	u.s	PROPN
fsr-3160	179	9	.	.	PROPN
fsr-3160	179	10	alternative	alternative	ADJ
fsr-3160	179	11	minimum	minimum	ADJ
fsr-3160	179	12	tax	tax	NOUN
fsr-3160	179	13	(	(	PUNCT
fsr-3160	179	14	amt	amt	PROPN
fsr-3160	179	15	)	)	PUNCT
fsr-3160	179	16	,	,	PUNCT
fsr-3160	179	17	the	the	DET
fsr-3160	179	18	united	united	PROPN
fsr-3160	179	19	states	states	PROPN
fsr-3160	179	20	3.8	3.8	NUM
fsr-3160	179	21	%	%	NOUN
fsr-3160	179	22	medicare	medicare	PROPN
fsr-3160	179	23	tax	tax	NOUN
fsr-3160	179	24	,	,	PUNCT
fsr-3160	179	25	and	and	CCONJ
fsr-3160	179	26	local	local	ADJ
fsr-3160	179	27	province	province	NOUN
fsr-3160	179	28	or	or	CCONJ
fsr-3160	179	29	state	state	NOUN
fsr-3160	179	30	taxes	taxis	NOUN
fsr-3160	179	31	are	be	AUX
fsr-3160	179	32	not	not	PART
fsr-3160	179	33	included	include	VERB
fsr-3160	179	34	.	.	PUNCT
fsr-3160	180	1	sumutka	sumutka	PROPN
fsr-3160	180	2	et	et	PROPN
fsr-3160	180	3	al	al	PROPN
fsr-3160	180	4	.	.	PUNCT
fsr-3160	181	1	(	(	PUNCT
fsr-3160	181	2	2012	2012	NUM
fsr-3160	181	3	)	)	PUNCT
fsr-3160	181	4	developed	develop	VERB
fsr-3160	181	5	and	and	CCONJ
fsr-3160	181	6	tested	test	VERB
fsr-3160	181	7	a	a	DET
fsr-3160	181	8	tax	tax	NOUN
fsr-3160	181	9	-	-	PUNCT
fsr-3160	181	10	efficient	efficient	ADJ
fsr-3160	181	11	model	model	NOUN
fsr-3160	181	12	that	that	PRON
fsr-3160	181	13	included	include	VERB
fsr-3160	181	14	these	these	DET
fsr-3160	181	15	additional	additional	ADJ
fsr-3160	181	16	elements	element	NOUN
fsr-3160	181	17	for	for	ADP
fsr-3160	181	18	u.s	u.s	PROPN
fsr-3160	181	19	.	.	PROPN
fsr-3160	181	20	retirees	retiree	NOUN
fsr-3160	181	21	.	.	PUNCT
fsr-3160	182	1	as	as	SCONJ
fsr-3160	182	2	these	these	DET
fsr-3160	182	3	taxes	taxis	NOUN
fsr-3160	182	4	are	be	AUX
fsr-3160	182	5	almost	almost	ADV
fsr-3160	182	6	always	always	ADV
fsr-3160	182	7	much	much	ADV
fsr-3160	182	8	smaller	small	ADJ
fsr-3160	182	9	than	than	ADP
fsr-3160	182	10	those	those	PRON
fsr-3160	182	11	imposed	impose	VERB
fsr-3160	182	12	at	at	ADP
fsr-3160	182	13	a	a	DET
fsr-3160	182	14	national	national	ADJ
fsr-3160	182	15	level	level	NOUN
fsr-3160	182	16	,	,	PUNCT
fsr-3160	182	17	we	we	PRON
fsr-3160	182	18	do	do	AUX
fsr-3160	182	19	not	not	PART
fsr-3160	182	20	expect	expect	VERB
fsr-3160	182	21	our	our	PRON
fsr-3160	182	22	findings	finding	NOUN
fsr-3160	182	23	to	to	PART
fsr-3160	182	24	change	change	VERB
fsr-3160	182	25	significantly	significantly	ADV
fsr-3160	182	26	if	if	SCONJ
fsr-3160	182	27	these	these	DET
fsr-3160	182	28	country	country	NOUN
fsr-3160	182	29	-	-	PUNCT
fsr-3160	182	30	specific	specific	ADJ
fsr-3160	182	31	taxes	taxis	NOUN
fsr-3160	182	32	were	be	AUX
fsr-3160	182	33	imposed	impose	VERB
fsr-3160	182	34	.	.	PUNCT
fsr-3160	183	1	230	230	NUM
fsr-3160	183	2	j.	j.	PROPN
fsr-3160	183	3	a.	a.	PROPN
fsr-3160	183	4	dilellio	dilellio	PROPN
fsr-3160	183	5	and	and	CCONJ
fsr-3160	183	6	a.	a.	PROPN
fsr-3160	183	7	simon	simon	PROPN
fsr-3160	183	8	/	/	SYM
fsr-3160	183	9	financial	financial	ADJ
fsr-3160	183	10	services	service	NOUN
fsr-3160	183	11	review	review	VERB
fsr-3160	183	12	30	30	NUM
fsr-3160	183	13	(	(	PUNCT
fsr-3160	183	14	2022	2022	NUM
fsr-3160	183	15	)	)	PUNCT
fsr-3160	184	1	223–249	223–249	NUM
fsr-3160	184	2	finally	finally	ADV
fsr-3160	184	3	,	,	PUNCT
fsr-3160	184	4	the	the	DET
fsr-3160	184	5	equality	equality	NOUN
fsr-3160	184	6	constraint	constraint	NOUN
fsr-3160	184	7	for	for	ADP
fsr-3160	184	8	the	the	DET
fsr-3160	184	9	after	after	ADP
fsr-3160	184	10	-	-	PUNCT
fsr-3160	184	11	tax	tax	NOUN
fsr-3160	184	12	retirement	retirement	NOUN
fsr-3160	184	13	income	income	NOUN
fsr-3160	184	14	needed	need	VERB
fsr-3160	184	15	,	,	PUNCT
fsr-3160	184	16	ct	ct	PROPN
fsr-3160	184	17	,	,	PUNCT
fsr-3160	184	18	is	be	AUX
fsr-3160	184	19	pt	pt	PROPN
fsr-3160	184	20	þ	þ	PROPN
fsr-3160	184	21	sst;taxable	sst;taxable	ADJ
fsr-3160	184	22	þ	þ	PROPN
fsr-3160	184	23	dt	dt	X
fsr-3160	184	24	�	�	PROPN
fsr-3160	184	25	tð	tð	ADP
fsr-3160	184	26	þ	þ	PROPN
fsr-3160	184	27	þmtda;t	þmtda;t	PROPN
fsr-3160	184	28	þ	þ	PROPN
fsr-3160	184	29	d	d	AUX
fsr-3160	184	30	�	�	PROPN
fsr-3160	184	31	t	t	PROPN
fsr-3160	184	32	�	�	PROPN
fsr-3160	184	33	tqdiv;t	tqdiv;t	PROPN
fsr-3160	184	34	þmta;t	þmta;t	PROPN
fsr-3160	184	35	�	�	PROPN
fsr-3160	184	36	�	�	PROPN
fsr-3160	184	37	þmtea;t	þmtea;t	ADJ
fsr-3160	184	38	þ	þ	PROPN
fsr-3160	184	39	sst;tax	sst;tax	NOUN
fsr-3160	184	40	free	free	ADJ
fsr-3160	184	41	¼	¼	NOUN
fsr-3160	184	42	ct	ct	PROPN
fsr-3160	184	43	:	:	PUNCT
fsr-3160	184	44	(	(	PUNCT
fsr-3160	184	45	10	10	NUM
fsr-3160	184	46	)	)	PUNCT
fsr-3160	184	47	the	the	DET
fsr-3160	184	48	first	first	ADJ
fsr-3160	184	49	terms	term	NOUN
fsr-3160	184	50	represent	represent	VERB
fsr-3160	184	51	income	income	NOUN
fsr-3160	184	52	taxed	tax	VERB
fsr-3160	184	53	as	as	ADP
fsr-3160	184	54	ordinary	ordinary	ADJ
fsr-3160	184	55	income	income	NOUN
fsr-3160	184	56	,	,	PUNCT
fsr-3160	184	57	where	where	SCONJ
fsr-3160	184	58	pt	pt	PROPN
fsr-3160	184	59	is	be	AUX
fsr-3160	184	60	the	the	DET
fsr-3160	184	61	pre	pre	ADJ
fsr-3160	184	62	-	-	ADJ
fsr-3160	184	63	tax	tax	ADJ
fsr-3160	184	64	pension	pension	NOUN
fsr-3160	184	65	,	,	PUNCT
fsr-3160	184	66	sst	sst	NOUN
fsr-3160	184	67	,	,	PUNCT
fsr-3160	184	68	taxable	taxable	ADJ
fsr-3160	184	69	is	be	AUX
fsr-3160	184	70	pre	pre	ADJ
fsr-3160	184	71	-	-	ADJ
fsr-3160	184	72	tax	tax	ADJ
fsr-3160	184	73	social	social	ADJ
fsr-3160	184	74	security	security	NOUN
fsr-3160	184	75	,	,	PUNCT
fsr-3160	184	76	and	and	CCONJ
fsr-3160	184	77	dt	dt	PROPN
fsr-3160	184	78	are	be	AUX
fsr-3160	184	79	pre	pre	ADJ
fsr-3160	184	80	-	-	ADJ
fsr-3160	184	81	tax	tax	ADJ
fsr-3160	184	82	bond	bond	NOUN
fsr-3160	184	83	coupon	coupon	NOUN
fsr-3160	184	84	payments	payment	NOUN
fsr-3160	184	85	from	from	ADP
fsr-3160	184	86	the	the	DET
fsr-3160	184	87	brokerage	brokerage	NOUN
fsr-3160	184	88	account	account	NOUN
fsr-3160	184	89	.	.	PUNCT
fsr-3160	185	1	the	the	DET
fsr-3160	185	2	ordinary	ordinary	ADJ
fsr-3160	185	3	income	income	NOUN
fsr-3160	185	4	tax	tax	NOUN
fsr-3160	185	5	paid	pay	VERB
fsr-3160	185	6	on	on	ADP
fsr-3160	185	7	these	these	DET
fsr-3160	185	8	three	three	NUM
fsr-3160	185	9	income	income	NOUN
fsr-3160	185	10	sources	source	NOUN
fsr-3160	185	11	is	be	AUX
fsr-3160	185	12	t.	t.	NOUN
fsr-3160	185	13	the	the	DET
fsr-3160	185	14	next	next	ADJ
fsr-3160	185	15	terms	term	NOUN
fsr-3160	185	16	in	in	ADP
fsr-3160	185	17	parentheses	parenthesis	NOUN
fsr-3160	185	18	are	be	AUX
fsr-3160	185	19	the	the	DET
fsr-3160	185	20	pre	pre	ADJ
fsr-3160	185	21	-	-	ADJ
fsr-3160	185	22	tax	tax	ADJ
fsr-3160	185	23	qualified	qualified	ADJ
fsr-3160	185	24	dividends	dividend	NOUN
fsr-3160	186	1	d	d	VERB
fsr-3160	186	2	�	�	PROPN
fsr-3160	186	3	t	t	PROPN
fsr-3160	186	4	from	from	ADP
fsr-3160	186	5	the	the	DET
fsr-3160	186	6	taxable	taxable	ADJ
fsr-3160	186	7	brokerage	brokerage	NOUN
fsr-3160	186	8	account	account	NOUN
fsr-3160	186	9	and	and	CCONJ
fsr-3160	186	10	the	the	DET
fsr-3160	186	11	taxes	taxis	NOUN
fsr-3160	186	12	paid	pay	VERB
fsr-3160	186	13	on	on	ADP
fsr-3160	186	14	the	the	DET
fsr-3160	186	15	qualified	qualified	ADJ
fsr-3160	186	16	dividends	dividend	NOUN
fsr-3160	186	17	tqdiv;t	tqdiv;t	NOUN
fsr-3160	186	18	.	.	PUNCT
fsr-3160	187	1	the	the	DET
fsr-3160	187	2	term	term	NOUN
fsr-3160	187	3	sst;tax	sst;tax	NOUN
fsr-3160	187	4	free	free	ADJ
fsr-3160	187	5	is	be	AUX
fsr-3160	187	6	the	the	DET
fsr-3160	187	7	taxfree	taxfree	ADJ
fsr-3160	187	8	portion	portion	NOUN
fsr-3160	187	9	of	of	ADP
fsr-3160	187	10	social	social	ADJ
fsr-3160	187	11	security	security	NOUN
fsr-3160	187	12	benefits	benefit	NOUN
fsr-3160	187	13	.	.	PUNCT
fsr-3160	188	1	note	note	VERB
fsr-3160	188	2	that	that	SCONJ
fsr-3160	188	3	in	in	ADP
fsr-3160	188	4	eq	eq	ADP
fsr-3160	188	5	.	.	PUNCT
fsr-3160	189	1	(	(	PUNCT
fsr-3160	189	2	10	10	NUM
fsr-3160	189	3	)	)	PUNCT
fsr-3160	189	4	,	,	PUNCT
fsr-3160	189	5	time	time	NOUN
fsr-3160	189	6	-	-	PUNCT
fsr-3160	189	7	depended	depend	VERB
fsr-3160	189	8	retirement	retirement	NOUN
fsr-3160	189	9	income	income	NOUN
fsr-3160	189	10	can	can	AUX
fsr-3160	189	11	be	be	AUX
fsr-3160	189	12	accommodated	accommodate	VERB
fsr-3160	189	13	by	by	ADP
fsr-3160	189	14	this	this	DET
fsr-3160	189	15	model	model	NOUN
fsr-3160	189	16	,	,	PUNCT
fsr-3160	189	17	consistent	consistent	ADJ
fsr-3160	189	18	with	with	ADP
fsr-3160	189	19	retirees	retiree	NOUN
fsr-3160	189	20	differing	differ	VERB
fsr-3160	189	21	views	view	NOUN
fsr-3160	189	22	of	of	ADP
fsr-3160	189	23	using	use	VERB
fsr-3160	189	24	retirement	retirement	NOUN
fsr-3160	189	25	assets	asset	NOUN
fsr-3160	189	26	for	for	ADP
fsr-3160	189	27	generating	generate	VERB
fsr-3160	189	28	income	income	NOUN
fsr-3160	189	29	,	,	PUNCT
fsr-3160	189	30	supporting	support	VERB
fsr-3160	189	31	health	health	NOUN
fsr-3160	189	32	,	,	PUNCT
fsr-3160	189	33	and	and	CCONJ
fsr-3160	189	34	intergenerational	intergenerational	ADJ
fsr-3160	189	35	planning	planning	NOUN
fsr-3160	189	36	as	as	SCONJ
fsr-3160	189	37	shown	show	VERB
fsr-3160	189	38	in	in	ADP
fsr-3160	189	39	chambers	chamber	NOUN
fsr-3160	189	40	et	et	PROPN
fsr-3160	189	41	al	al	PROPN
fsr-3160	189	42	(	(	PUNCT
fsr-3160	189	43	2021	2021	NUM
fsr-3160	189	44	)	)	PUNCT
fsr-3160	189	45	.	.	PUNCT
fsr-3160	190	1	3.3	3.3	NUM
fsr-3160	190	2	.	.	PUNCT
fsr-3160	191	1	withdrawal	withdrawal	NOUN
fsr-3160	191	2	strategies	strategy	NOUN
fsr-3160	191	3	we	we	PRON
fsr-3160	191	4	implement	implement	VERB
fsr-3160	191	5	three	three	NUM
fsr-3160	191	6	strategies	strategy	NOUN
fsr-3160	191	7	to	to	PART
fsr-3160	191	8	solve	solve	VERB
fsr-3160	191	9	the	the	DET
fsr-3160	191	10	optimization	optimization	NOUN
fsr-3160	191	11	problem	problem	NOUN
fsr-3160	191	12	described	describe	VERB
fsr-3160	191	13	in	in	ADP
fsr-3160	191	14	the	the	DET
fsr-3160	191	15	previous	previous	ADJ
fsr-3160	191	16	section	section	NOUN
fsr-3160	191	17	.	.	PUNCT
fsr-3160	192	1	we	we	PRON
fsr-3160	192	2	find	find	VERB
fsr-3160	192	3	the	the	DET
fsr-3160	192	4	optimal	optimal	ADJ
fsr-3160	192	5	strategy	strategy	NOUN
fsr-3160	192	6	depends	depend	VERB
fsr-3160	192	7	on	on	ADP
fsr-3160	192	8	the	the	DET
fsr-3160	192	9	relationship	relationship	NOUN
fsr-3160	192	10	between	between	ADP
fsr-3160	192	11	a	a	DET
fsr-3160	192	12	retiree	retiree	NOUN
fsr-3160	192	13	’s	’s	PART
fsr-3160	192	14	net	net	ADJ
fsr-3160	192	15	worth	worth	NOUN
fsr-3160	192	16	(	(	PUNCT
fsr-3160	192	17	including	include	VERB
fsr-3160	192	18	the	the	DET
fsr-3160	192	19	present	present	ADJ
fsr-3160	192	20	value	value	NOUN
fsr-3160	192	21	of	of	ADP
fsr-3160	192	22	annuities	annuity	NOUN
fsr-3160	192	23	)	)	PUNCT
fsr-3160	192	24	and	and	CCONJ
fsr-3160	192	25	the	the	DET
fsr-3160	192	26	retiree	retiree	NOUN
fsr-3160	192	27	’s	’s	PART
fsr-3160	192	28	desired	desire	VERB
fsr-3160	192	29	retirement	retirement	NOUN
fsr-3160	192	30	income	income	NOUN
fsr-3160	192	31	.	.	PUNCT
fsr-3160	193	1	fig	fig	NOUN
fsr-3160	193	2	.	.	PUNCT
fsr-3160	194	1	2	2	NUM
fsr-3160	194	2	presents	present	VERB
fsr-3160	194	3	a	a	DET
fsr-3160	194	4	summary	summary	NOUN
fsr-3160	194	5	of	of	ADP
fsr-3160	194	6	this	this	DET
fsr-3160	194	7	finding	finding	NOUN
fsr-3160	194	8	that	that	PRON
fsr-3160	194	9	will	will	AUX
fsr-3160	194	10	be	be	AUX
fsr-3160	194	11	supported	support	VERB
fsr-3160	194	12	by	by	ADP
fsr-3160	194	13	results	result	NOUN
fsr-3160	194	14	in	in	ADP
fsr-3160	194	15	the	the	DET
fsr-3160	194	16	next	next	ADJ
fsr-3160	194	17	section	section	NOUN
fsr-3160	194	18	.	.	PUNCT
fsr-3160	195	1	in	in	ADP
fsr-3160	195	2	the	the	DET
fsr-3160	195	3	three	three	NUM
fsr-3160	195	4	categories	category	NOUN
fsr-3160	195	5	appearing	appear	VERB
fsr-3160	195	6	in	in	ADP
fsr-3160	195	7	fig	fig	NOUN
fsr-3160	195	8	.	.	PUNCT
fsr-3160	196	1	2	2	NUM
fsr-3160	196	2	,	,	PUNCT
fsr-3160	196	3	the	the	DET
fsr-3160	196	4	common	common	ADJ
fsr-3160	196	5	rule	rule	NOUN
fsr-3160	196	6	strategy	strategy	NOUN
fsr-3160	196	7	,	,	PUNCT
fsr-3160	196	8	as	as	SCONJ
fsr-3160	196	9	described	describe	VERB
fsr-3160	196	10	in	in	ADP
fsr-3160	196	11	coopersmith	coopersmith	PROPN
fsr-3160	196	12	and	and	CCONJ
fsr-3160	196	13	sumutka	sumutka	ADJ
fsr-3160	196	14	(	(	PUNCT
fsr-3160	196	15	2011	2011	NUM
fsr-3160	196	16	)	)	PUNCT
fsr-3160	196	17	,	,	PUNCT
fsr-3160	196	18	provides	provide	VERB
fsr-3160	196	19	an	an	DET
fsr-3160	196	20	important	important	ADJ
fsr-3160	196	21	heuristic	heuristic	NOUN
fsr-3160	196	22	in	in	ADP
fsr-3160	196	23	selecting	select	VERB
fsr-3160	196	24	an	an	DET
fsr-3160	196	25	optimal	optimal	ADJ
fsr-3160	196	26	strategy	strategy	NOUN
fsr-3160	196	27	.	.	PUNCT
fsr-3160	197	1	here	here	ADV
fsr-3160	197	2	,	,	PUNCT
fsr-3160	197	3	we	we	PRON
fsr-3160	197	4	define	define	VERB
fsr-3160	197	5	the	the	DET
fsr-3160	197	6	common	common	ADJ
fsr-3160	197	7	rule	rule	NOUN
fsr-3160	197	8	strategy	strategy	NOUN
fsr-3160	197	9	as	as	ADP
fsr-3160	197	10	one	one	NUM
fsr-3160	197	11	that	that	PRON
fsr-3160	197	12	exhausts	exhaust	VERB
fsr-3160	197	13	rmds	rmds	NOUN
fsr-3160	197	14	first	first	ADV
fsr-3160	197	15	,	,	PUNCT
fsr-3160	197	16	then	then	ADV
fsr-3160	197	17	taxable	taxable	ADJ
fsr-3160	197	18	account	account	NOUN
fsr-3160	197	19	funds	fund	NOUN
fsr-3160	197	20	,	,	PUNCT
fsr-3160	197	21	then	then	ADV
fsr-3160	197	22	tax	tax	NOUN
fsr-3160	197	23	-	-	PUNCT
fsr-3160	197	24	deferred	defer	VERB
fsr-3160	197	25	account	account	NOUN
fsr-3160	197	26	funds	fund	NOUN
fsr-3160	197	27	,	,	PUNCT
fsr-3160	197	28	then	then	ADV
fsr-3160	197	29	lastly	lastly	ADV
fsr-3160	197	30	taxexempt	taxexempt	ADJ
fsr-3160	197	31	funds	fund	NOUN
fsr-3160	197	32	.	.	PUNCT
fsr-3160	198	1	fig	fig	NOUN
fsr-3160	198	2	.	.	PUNCT
fsr-3160	199	1	1	1	X
fsr-3160	199	2	.	.	X
fsr-3160	199	3	conceptual	conceptual	ADJ
fsr-3160	199	4	model	model	NOUN
fsr-3160	199	5	for	for	ADP
fsr-3160	199	6	retirement	retirement	NOUN
fsr-3160	199	7	income	income	NOUN
fsr-3160	199	8	sources	source	NOUN
fsr-3160	199	9	and	and	CCONJ
fsr-3160	199	10	taxation	taxation	NOUN
fsr-3160	199	11	.	.	PUNCT
fsr-3160	200	1	in	in	ADP
fsr-3160	200	2	this	this	DET
fsr-3160	200	3	illustration	illustration	NOUN
fsr-3160	200	4	,	,	PUNCT
fsr-3160	200	5	the	the	DET
fsr-3160	200	6	retiree	retiree	NOUN
fsr-3160	200	7	’s	’s	PART
fsr-3160	200	8	deductions	deduction	NOUN
fsr-3160	200	9	exceed	exceed	VERB
fsr-3160	200	10	their	their	PRON
fsr-3160	200	11	income	income	NOUN
fsr-3160	200	12	from	from	ADP
fsr-3160	200	13	social	social	ADJ
fsr-3160	200	14	security	security	NOUN
fsr-3160	200	15	,	,	PUNCT
fsr-3160	200	16	pension	pension	NOUN
fsr-3160	200	17	,	,	PUNCT
fsr-3160	200	18	and	and	CCONJ
fsr-3160	200	19	taxable	taxable	ADJ
fsr-3160	200	20	bond	bond	NOUN
fsr-3160	200	21	interest	interest	NOUN
fsr-3160	200	22	.	.	PUNCT
fsr-3160	201	1	j.	j.	PROPN
fsr-3160	201	2	a.	a.	PROPN
fsr-3160	201	3	dilellio	dilellio	PROPN
fsr-3160	201	4	and	and	CCONJ
fsr-3160	201	5	a.	a.	PROPN
fsr-3160	201	6	simon	simon	PROPN
fsr-3160	201	7	/	/	SYM
fsr-3160	201	8	financial	financial	ADJ
fsr-3160	201	9	services	service	NOUN
fsr-3160	201	10	review	review	VERB
fsr-3160	201	11	30	30	NUM
fsr-3160	201	12	(	(	PUNCT
fsr-3160	201	13	2022	2022	NUM
fsr-3160	201	14	)	)	PUNCT
fsr-3160	201	15	223–249	223–249	NUM
fsr-3160	201	16	231	231	NUM
fsr-3160	201	17	referring	refer	VERB
fsr-3160	201	18	to	to	ADP
fsr-3160	201	19	the	the	DET
fsr-3160	201	20	upper	upper	ADJ
fsr-3160	201	21	left	left	NOUN
fsr-3160	201	22	of	of	ADP
fsr-3160	201	23	fig	fig	NOUN
fsr-3160	201	24	.	.	PUNCT
fsr-3160	202	1	2	2	NUM
fsr-3160	202	2	,	,	PUNCT
fsr-3160	202	3	this	this	DET
fsr-3160	202	4	category	category	NOUN
fsr-3160	202	5	corresponds	correspond	VERB
fsr-3160	202	6	to	to	ADP
fsr-3160	202	7	a	a	DET
fsr-3160	202	8	situation	situation	NOUN
fsr-3160	202	9	where	where	SCONJ
fsr-3160	202	10	the	the	DET
fsr-3160	202	11	common	common	ADJ
fsr-3160	202	12	rule	rule	NOUN
fsr-3160	202	13	strategy	strategy	NOUN
fsr-3160	202	14	exhausts	exhaust	VERB
fsr-3160	202	15	all	all	DET
fsr-3160	202	16	funds	fund	NOUN
fsr-3160	202	17	over	over	ADP
fsr-3160	202	18	the	the	DET
fsr-3160	202	19	retirement	retirement	NOUN
fsr-3160	202	20	horizon	horizon	NOUN
fsr-3160	202	21	.	.	PUNCT
fsr-3160	203	1	dilellio	dilellio	PROPN
fsr-3160	203	2	and	and	CCONJ
fsr-3160	203	3	ostrov	ostrov	NOUN
fsr-3160	203	4	(	(	PUNCT
fsr-3160	203	5	2017	2017	NUM
fsr-3160	203	6	)	)	PUNCT
fsr-3160	203	7	show	show	VERB
fsr-3160	203	8	that	that	SCONJ
fsr-3160	203	9	portfolio	portfolio	NOUN
fsr-3160	203	10	longevity	longevity	NOUN
fsr-3160	203	11	can	can	AUX
fsr-3160	203	12	be	be	AUX
fsr-3160	203	13	extended	extend	VERB
fsr-3160	203	14	by	by	ADP
fsr-3160	203	15	more	more	ADJ
fsr-3160	203	16	tax	tax	NOUN
fsr-3160	203	17	-	-	PUNCT
fsr-3160	203	18	efficient	efficient	ADJ
fsr-3160	203	19	planning	planning	NOUN
fsr-3160	203	20	that	that	PRON
fsr-3160	203	21	includes	include	VERB
fsr-3160	203	22	knowledge	knowledge	NOUN
fsr-3160	203	23	about	about	ADP
fsr-3160	203	24	the	the	DET
fsr-3160	203	25	heir	heir	NOUN
fsr-3160	203	26	’s	’s	PART
fsr-3160	203	27	tax	tax	NOUN
fsr-3160	203	28	rate	rate	NOUN
fsr-3160	203	29	.	.	PUNCT
fsr-3160	204	1	cook	cook	VERB
fsr-3160	204	2	et	et	PROPN
fsr-3160	204	3	al	al	PROPN
fsr-3160	204	4	.	.	PROPN
fsr-3160	205	1	(	(	PUNCT
fsr-3160	205	2	2015	2015	NUM
fsr-3160	205	3	)	)	PUNCT
fsr-3160	205	4	show	show	VERB
fsr-3160	205	5	that	that	SCONJ
fsr-3160	205	6	the	the	DET
fsr-3160	205	7	most	most	ADV
fsr-3160	205	8	effective	effective	ADJ
fsr-3160	205	9	approach	approach	NOUN
fsr-3160	205	10	to	to	ADP
fsr-3160	205	11	possibly	possibly	ADV
fsr-3160	205	12	extending	extend	VERB
fsr-3160	205	13	portfolio	portfolio	NOUN
fsr-3160	205	14	longevity	longevity	NOUN
fsr-3160	205	15	is	be	AUX
fsr-3160	205	16	careful	careful	ADJ
fsr-3160	205	17	roth	roth	PROPN
fsr-3160	205	18	conversions	conversion	NOUN
fsr-3160	205	19	during	during	ADP
fsr-3160	205	20	either	either	DET
fsr-3160	205	21	preor	preor	NOUN
fsr-3160	205	22	early	early	ADJ
fsr-3160	205	23	retirement	retirement	NOUN
fsr-3160	205	24	years	year	NOUN
fsr-3160	205	25	.	.	PUNCT
fsr-3160	206	1	in	in	ADP
fsr-3160	206	2	the	the	DET
fsr-3160	206	3	following	following	ADJ
fsr-3160	206	4	section	section	NOUN
fsr-3160	206	5	,	,	PUNCT
fsr-3160	206	6	we	we	PRON
fsr-3160	206	7	show	show	VERB
fsr-3160	206	8	that	that	SCONJ
fsr-3160	206	9	the	the	DET
fsr-3160	206	10	modified	modified	ADJ
fsr-3160	206	11	common	common	ADJ
fsr-3160	206	12	rule	rule	NOUN
fsr-3160	206	13	withdrawal	withdrawal	NOUN
fsr-3160	206	14	strategy	strategy	NOUN
fsr-3160	206	15	provides	provide	VERB
fsr-3160	206	16	a	a	DET
fsr-3160	206	17	similar	similar	ADJ
fsr-3160	206	18	benefit	benefit	NOUN
fsr-3160	206	19	of	of	ADP
fsr-3160	206	20	three	three	NUM
fsr-3160	206	21	additional	additional	ADJ
fsr-3160	206	22	years	year	NOUN
fsr-3160	206	23	found	find	VERB
fsr-3160	206	24	in	in	ADP
fsr-3160	206	25	cook	cook	NOUN
fsr-3160	206	26	et	et	PROPN
fsr-3160	206	27	al	al	PROPN
fsr-3160	206	28	.	.	PROPN
fsr-3160	207	1	(	(	PUNCT
fsr-3160	207	2	2015	2015	NUM
fsr-3160	207	3	)	)	PUNCT
fsr-3160	207	4	by	by	ADP
fsr-3160	207	5	first	first	ADV
fsr-3160	207	6	drawing	draw	VERB
fsr-3160	207	7	down	down	ADP
fsr-3160	207	8	from	from	ADP
fsr-3160	207	9	the	the	DET
fsr-3160	207	10	tax	tax	NOUN
fsr-3160	207	11	-	-	PUNCT
fsr-3160	207	12	deferred	defer	VERB
fsr-3160	207	13	account	account	NOUN
fsr-3160	207	14	up	up	ADP
fsr-3160	207	15	to	to	ADP
fsr-3160	207	16	the	the	DET
fsr-3160	207	17	heir	heir	NOUN
fsr-3160	207	18	’s	’s	PART
fsr-3160	207	19	tax	tax	NOUN
fsr-3160	207	20	rate	rate	NOUN
fsr-3160	207	21	.	.	PUNCT
fsr-3160	208	1	the	the	DET
fsr-3160	208	2	modified	modify	VERB
fsr-3160	208	3	common	common	ADJ
fsr-3160	208	4	rule	rule	NOUN
fsr-3160	208	5	strategy	strategy	NOUN
fsr-3160	208	6	is	be	AUX
fsr-3160	208	7	one	one	NUM
fsr-3160	208	8	that	that	PRON
fsr-3160	208	9	initially	initially	ADV
fsr-3160	208	10	withdraws	withdraw	VERB
fsr-3160	208	11	tax	tax	NOUN
fsr-3160	208	12	-	-	PUNCT
fsr-3160	208	13	deferred	defer	VERB
fsr-3160	208	14	account	account	NOUN
fsr-3160	208	15	funds	fund	NOUN
fsr-3160	208	16	up	up	ADP
fsr-3160	208	17	to	to	ADP
fsr-3160	208	18	the	the	DET
fsr-3160	208	19	heir	heir	NOUN
fsr-3160	208	20	’s	’s	PART
fsr-3160	208	21	tax	tax	NOUN
fsr-3160	208	22	bracket	bracket	NOUN
fsr-3160	208	23	,	,	PUNCT
fsr-3160	208	24	before	before	ADP
fsr-3160	208	25	using	use	VERB
fsr-3160	208	26	taxable	taxable	ADJ
fsr-3160	208	27	account	account	NOUN
fsr-3160	208	28	funds	fund	NOUN
fsr-3160	208	29	.	.	PUNCT
fsr-3160	209	1	otherwise	otherwise	ADV
fsr-3160	209	2	,	,	PUNCT
fsr-3160	209	3	the	the	DET
fsr-3160	209	4	modified	modified	ADJ
fsr-3160	209	5	common	common	ADJ
fsr-3160	209	6	rule	rule	NOUN
fsr-3160	209	7	strategy	strategy	NOUN
fsr-3160	209	8	is	be	AUX
fsr-3160	209	9	identical	identical	ADJ
fsr-3160	209	10	to	to	ADP
fsr-3160	209	11	the	the	DET
fsr-3160	209	12	common	common	ADJ
fsr-3160	209	13	rule	rule	NOUN
fsr-3160	209	14	strategy	strategy	NOUN
fsr-3160	209	15	.	.	PUNCT
fsr-3160	210	1	we	we	PRON
fsr-3160	210	2	also	also	ADV
fsr-3160	210	3	show	show	VERB
fsr-3160	210	4	that	that	SCONJ
fsr-3160	210	5	the	the	DET
fsr-3160	210	6	modified	modified	ADJ
fsr-3160	210	7	common	common	ADJ
fsr-3160	210	8	rule	rule	NOUN
fsr-3160	210	9	produces	produce	VERB
fsr-3160	210	10	0.35	0.35	NUM
fsr-3160	210	11	%	%	NOUN
fsr-3160	210	12	of	of	ADP
fsr-3160	210	13	additional	additional	ADJ
fsr-3160	210	14	return	return	NOUN
fsr-3160	210	15	over	over	ADP
fsr-3160	210	16	the	the	DET
fsr-3160	210	17	common	common	ADJ
fsr-3160	210	18	rule	rule	NOUN
fsr-3160	210	19	strategy	strategy	NOUN
fsr-3160	210	20	.	.	PUNCT
fsr-3160	211	1	the	the	DET
fsr-3160	211	2	lower	low	ADJ
fsr-3160	211	3	left	left	ADJ
fsr-3160	211	4	and	and	CCONJ
fsr-3160	211	5	upper	upper	ADJ
fsr-3160	211	6	right	right	NOUN
fsr-3160	211	7	in	in	ADP
fsr-3160	211	8	fig	fig	NOUN
fsr-3160	211	9	.	.	PUNCT
fsr-3160	212	1	2	2	NUM
fsr-3160	212	2	represents	represent	VERB
fsr-3160	212	3	the	the	DET
fsr-3160	212	4	most	most	ADV
fsr-3160	212	5	significant	significant	ADJ
fsr-3160	212	6	retiree	retiree	NOUN
fsr-3160	212	7	category	category	NOUN
fsr-3160	212	8	for	for	ADP
fsr-3160	212	9	increasing	increase	VERB
fsr-3160	212	10	a	a	DET
fsr-3160	212	11	bequest	bequest	NOUN
fsr-3160	212	12	.	.	PUNCT
fsr-3160	213	1	we	we	PRON
fsr-3160	213	2	identify	identify	VERB
fsr-3160	213	3	this	this	DET
fsr-3160	213	4	category	category	NOUN
fsr-3160	213	5	by	by	ADP
fsr-3160	213	6	applying	apply	VERB
fsr-3160	213	7	the	the	DET
fsr-3160	213	8	common	common	ADJ
fsr-3160	213	9	rule	rule	NOUN
fsr-3160	213	10	strategy	strategy	NOUN
fsr-3160	213	11	and	and	CCONJ
fsr-3160	213	12	seeing	see	VERB
fsr-3160	213	13	that	that	SCONJ
fsr-3160	213	14	there	there	PRON
fsr-3160	213	15	are	be	VERB
fsr-3160	213	16	sufficient	sufficient	ADJ
fsr-3160	213	17	,	,	PUNCT
fsr-3160	213	18	but	but	CCONJ
fsr-3160	213	19	not	not	PART
fsr-3160	213	20	excessive	excessive	ADJ
fsr-3160	213	21	funds	fund	NOUN
fsr-3160	213	22	,	,	PUNCT
fsr-3160	213	23	in	in	ADP
fsr-3160	213	24	meeting	meet	VERB
fsr-3160	213	25	retirement	retirement	NOUN
fsr-3160	213	26	income	income	NOUN
fsr-3160	213	27	needs	need	NOUN
fsr-3160	213	28	.	.	PUNCT
fsr-3160	214	1	put	put	VERB
fsr-3160	214	2	another	another	DET
fsr-3160	214	3	way	way	NOUN
fsr-3160	214	4	,	,	PUNCT
fsr-3160	214	5	the	the	DET
fsr-3160	214	6	retiree	retiree	NOUN
fsr-3160	214	7	can	can	AUX
fsr-3160	214	8	not	not	PART
fsr-3160	214	9	solely	solely	ADV
fsr-3160	214	10	fund	fund	VERB
fsr-3160	214	11	their	their	PRON
fsr-3160	214	12	retirement	retirement	NOUN
fsr-3160	214	13	income	income	NOUN
fsr-3160	214	14	without	without	ADP
fsr-3160	214	15	voluntary	voluntary	ADJ
fsr-3160	214	16	withdrawals	withdrawal	NOUN
fsr-3160	214	17	from	from	ADP
fsr-3160	214	18	their	their	PRON
fsr-3160	214	19	tax	tax	NOUN
fsr-3160	214	20	-	-	PUNCT
fsr-3160	214	21	deferred	defer	VERB
fsr-3160	214	22	,	,	PUNCT
fsr-3160	214	23	tax	tax	NOUN
fsr-3160	214	24	-	-	PUNCT
fsr-3160	214	25	exempt	exempt	ADJ
fsr-3160	214	26	,	,	PUNCT
fsr-3160	214	27	or	or	CCONJ
fsr-3160	214	28	taxable	taxable	ADJ
fsr-3160	214	29	accounts	account	NOUN
fsr-3160	214	30	.	.	PUNCT
fsr-3160	215	1	in	in	ADP
fsr-3160	215	2	the	the	DET
fsr-3160	215	3	following	following	ADJ
fsr-3160	215	4	section	section	NOUN
fsr-3160	215	5	,	,	PUNCT
fsr-3160	215	6	we	we	PRON
fsr-3160	215	7	show	show	VERB
fsr-3160	215	8	that	that	SCONJ
fsr-3160	215	9	using	use	VERB
fsr-3160	215	10	the	the	DET
fsr-3160	215	11	sequential	sequential	ADJ
fsr-3160	215	12	least	least	ADJ
fsr-3160	215	13	squares	square	NOUN
fsr-3160	215	14	programming	programming	NOUN
fsr-3160	215	15	(	(	PUNCT
fsr-3160	215	16	slsqp	slsqp	ADJ
fsr-3160	215	17	)	)	PUNCT
fsr-3160	215	18	withdrawal	withdrawal	NOUN
fsr-3160	215	19	strategy	strategy	NOUN
fsr-3160	215	20	can	can	AUX
fsr-3160	215	21	add	add	VERB
fsr-3160	215	22	the	the	DET
fsr-3160	215	23	equivalent	equivalent	NOUN
fsr-3160	215	24	of	of	ADP
fsr-3160	215	25	0.54	0.54	NUM
fsr-3160	215	26	%	%	NOUN
fsr-3160	215	27	to	to	ADP
fsr-3160	215	28	the	the	DET
fsr-3160	215	29	annual	annual	ADJ
fsr-3160	215	30	return	return	NOUN
fsr-3160	215	31	of	of	ADP
fsr-3160	215	32	the	the	DET
fsr-3160	215	33	common	common	ADJ
fsr-3160	215	34	rule	rule	NOUN
fsr-3160	215	35	strategy	strategy	NOUN
fsr-3160	215	36	.	.	PUNCT
fsr-3160	216	1	the	the	DET
fsr-3160	216	2	slsqp	slsqp	PROPN
fsr-3160	216	3	withdrawal	withdrawal	NOUN
fsr-3160	216	4	strategy	strategy	NOUN
fsr-3160	216	5	uses	use	VERB
fsr-3160	216	6	non	non	ADJ
fsr-3160	216	7	-	-	ADJ
fsr-3160	216	8	linear	linear	ADJ
fsr-3160	216	9	constrained	constrain	VERB
fsr-3160	216	10	optimization	optimization	NOUN
fsr-3160	216	11	methods	method	NOUN
fsr-3160	216	12	to	to	PART
fsr-3160	216	13	solve	solve	VERB
fsr-3160	216	14	this	this	DET
fsr-3160	216	15	optimization	optimization	NOUN
fsr-3160	216	16	problem	problem	NOUN
fsr-3160	216	17	.	.	PUNCT
fsr-3160	217	1	the	the	DET
fsr-3160	217	2	last	last	ADJ
fsr-3160	217	3	category	category	NOUN
fsr-3160	217	4	appears	appear	VERB
fsr-3160	217	5	in	in	ADP
fsr-3160	217	6	the	the	DET
fsr-3160	217	7	lower	low	ADJ
fsr-3160	217	8	right	right	NOUN
fsr-3160	217	9	of	of	ADP
fsr-3160	217	10	fig	fig	NOUN
fsr-3160	217	11	.	.	PUNCT
fsr-3160	218	1	2	2	NUM
fsr-3160	218	2	when	when	SCONJ
fsr-3160	218	3	a	a	DET
fsr-3160	218	4	retiree	retiree	NOUN
fsr-3160	218	5	has	have	VERB
fsr-3160	218	6	some	some	DET
fsr-3160	218	7	years	year	NOUN
fsr-3160	218	8	when	when	SCONJ
fsr-3160	218	9	rmds	rmds	NOUN
fsr-3160	218	10	plus	plus	CCONJ
fsr-3160	218	11	other	other	ADJ
fsr-3160	218	12	income	income	NOUN
fsr-3160	218	13	sources	source	NOUN
fsr-3160	218	14	like	like	ADP
fsr-3160	218	15	dividends	dividend	NOUN
fsr-3160	218	16	,	,	PUNCT
fsr-3160	218	17	pensions	pension	NOUN
fsr-3160	218	18	,	,	PUNCT
fsr-3160	218	19	and	and	CCONJ
fsr-3160	218	20	social	social	ADJ
fsr-3160	218	21	security	security	NOUN
fsr-3160	218	22	exceed	exceed	VERB
fsr-3160	218	23	their	their	PRON
fsr-3160	218	24	income	income	NOUN
fsr-3160	218	25	needs	need	NOUN
fsr-3160	218	26	.	.	PUNCT
fsr-3160	219	1	in	in	ADP
fsr-3160	219	2	this	this	DET
fsr-3160	219	3	case	case	NOUN
fsr-3160	219	4	,	,	PUNCT
fsr-3160	219	5	the	the	DET
fsr-3160	219	6	optimal	optimal	ADJ
fsr-3160	219	7	strategy	strategy	NOUN
fsr-3160	219	8	is	be	AUX
fsr-3160	219	9	again	again	ADV
fsr-3160	219	10	the	the	DET
fsr-3160	219	11	modified	modified	ADJ
fsr-3160	219	12	common	common	ADJ
fsr-3160	219	13	rule	rule	NOUN
fsr-3160	219	14	,	,	PUNCT
fsr-3160	219	15	which	which	PRON
fsr-3160	219	16	takes	take	VERB
fsr-3160	219	17	full	full	ADJ
fsr-3160	219	18	advantage	advantage	NOUN
fsr-3160	219	19	of	of	ADP
fsr-3160	219	20	their	their	PRON
fsr-3160	219	21	tax	tax	NOUN
fsr-3160	219	22	-	-	PUNCT
fsr-3160	219	23	deferred	defer	VERB
fsr-3160	219	24	account	account	NOUN
fsr-3160	219	25	up	up	ADP
fsr-3160	219	26	to	to	ADP
fsr-3160	219	27	the	the	DET
fsr-3160	219	28	tax	tax	NOUN
fsr-3160	219	29	bracket	bracket	NOUN
fsr-3160	219	30	of	of	ADP
fsr-3160	219	31	their	their	PRON
fsr-3160	219	32	heir	heir	NOUN
fsr-3160	219	33	.	.	PUNCT
fsr-3160	220	1	note	note	VERB
fsr-3160	220	2	that	that	SCONJ
fsr-3160	220	3	the	the	DET
fsr-3160	220	4	slsqp	slsqp	ADJ
fsr-3160	220	5	strategy	strategy	NOUN
fsr-3160	220	6	is	be	AUX
fsr-3160	220	7	often	often	ADV
fsr-3160	220	8	not	not	PART
fsr-3160	220	9	feasible	feasible	ADJ
fsr-3160	220	10	here	here	ADV
fsr-3160	220	11	because	because	SCONJ
fsr-3160	220	12	the	the	DET
fsr-3160	220	13	equality	equality	NOUN
fsr-3160	220	14	constraint	constraint	NOUN
fsr-3160	220	15	in	in	ADP
fsr-3160	220	16	eq	eq	ADP
fsr-3160	220	17	.	.	PUNCT
fsr-3160	221	1	(	(	PUNCT
fsr-3160	221	2	10	10	NUM
fsr-3160	221	3	)	)	PUNCT
fsr-3160	221	4	may	may	AUX
fsr-3160	221	5	not	not	PART
fsr-3160	221	6	be	be	AUX
fsr-3160	221	7	satisfied	satisfied	ADJ
fsr-3160	221	8	in	in	ADP
fsr-3160	221	9	some	some	DET
fsr-3160	221	10	retirement	retirement	NOUN
fsr-3160	221	11	years	year	NOUN
fsr-3160	221	12	.	.	PUNCT
fsr-3160	222	1	in	in	ADP
fsr-3160	222	2	this	this	DET
fsr-3160	222	3	last	last	ADJ
fsr-3160	222	4	category	category	NOUN
fsr-3160	222	5	,	,	PUNCT
fsr-3160	222	6	we	we	PRON
fsr-3160	222	7	model	model	VERB
fsr-3160	222	8	this	this	DET
fsr-3160	222	9	so	so	ADV
fsr-3160	222	10	-	-	PUNCT
fsr-3160	222	11	called	call	VERB
fsr-3160	222	12	fig	fig	NOUN
fsr-3160	222	13	.	.	PUNCT
fsr-3160	223	1	2	2	X
fsr-3160	223	2	.	.	X
fsr-3160	223	3	the	the	DET
fsr-3160	223	4	optimal	optimal	ADJ
fsr-3160	223	5	withdrawal	withdrawal	NOUN
fsr-3160	223	6	strategy	strategy	NOUN
fsr-3160	223	7	depends	depend	VERB
fsr-3160	223	8	on	on	ADP
fsr-3160	223	9	the	the	DET
fsr-3160	223	10	relationship	relationship	NOUN
fsr-3160	223	11	between	between	ADP
fsr-3160	223	12	the	the	DET
fsr-3160	223	13	retirees	retiree	NOUN
fsr-3160	223	14	net	net	ADJ
fsr-3160	223	15	worth	worth	ADJ
fsr-3160	223	16	+	+	CCONJ
fsr-3160	223	17	present	present	ADJ
fsr-3160	223	18	value	value	NOUN
fsr-3160	223	19	of	of	ADP
fsr-3160	223	20	annuities	annuity	NOUN
fsr-3160	223	21	and	and	CCONJ
fsr-3160	223	22	their	their	PRON
fsr-3160	223	23	retirement	retirement	NOUN
fsr-3160	223	24	income	income	NOUN
fsr-3160	223	25	needs	need	VERB
fsr-3160	223	26	*	*	PUNCT
fsr-3160	223	27	their	their	PRON
fsr-3160	223	28	retirement	retirement	NOUN
fsr-3160	223	29	horizon	horizon	NOUN
fsr-3160	223	30	.	.	PUNCT
fsr-3160	224	1	232	232	NUM
fsr-3160	224	2	j.	j.	PROPN
fsr-3160	224	3	a.	a.	PROPN
fsr-3160	224	4	dilellio	dilellio	PROPN
fsr-3160	224	5	and	and	CCONJ
fsr-3160	224	6	a.	a.	PROPN
fsr-3160	224	7	simon	simon	PROPN
fsr-3160	224	8	/	/	SYM
fsr-3160	224	9	financial	financial	ADJ
fsr-3160	224	10	services	service	NOUN
fsr-3160	224	11	review	review	VERB
fsr-3160	224	12	30	30	NUM
fsr-3160	224	13	(	(	PUNCT
fsr-3160	224	14	2022	2022	NUM
fsr-3160	224	15	)	)	PUNCT
fsr-3160	224	16	223–249	223–249	NUM
fsr-3160	224	17	“	"	PUNCT
fsr-3160	224	18	excess	excess	ADJ
fsr-3160	224	19	income	income	NOUN
fsr-3160	224	20	”	"	PUNCT
fsr-3160	224	21	as	as	ADP
fsr-3160	224	22	a	a	DET
fsr-3160	224	23	direct	direct	ADJ
fsr-3160	224	24	contribution	contribution	NOUN
fsr-3160	224	25	to	to	ADP
fsr-3160	224	26	another	another	DET
fsr-3160	224	27	taxable	taxable	ADJ
fsr-3160	224	28	brokerage	brokerage	NOUN
fsr-3160	224	29	account	account	NOUN
fsr-3160	224	30	that	that	PRON
fsr-3160	224	31	is	be	AUX
fsr-3160	224	32	invested	invest	VERB
fsr-3160	224	33	in	in	ADP
fsr-3160	224	34	a	a	DET
fsr-3160	224	35	zero	zero	NUM
fsr-3160	224	36	-	-	PUNCT
fsr-3160	224	37	dividend	dividend	NOUN
fsr-3160	224	38	stock	stock	NOUN
fsr-3160	224	39	,	,	PUNCT
fsr-3160	224	40	to	to	PART
fsr-3160	224	41	minimize	minimize	VERB
fsr-3160	224	42	the	the	DET
fsr-3160	224	43	corrosive	corrosive	ADJ
fsr-3160	224	44	effects	effect	NOUN
fsr-3160	224	45	of	of	ADP
fsr-3160	224	46	dividends	dividend	NOUN
fsr-3160	224	47	,	,	PUNCT
fsr-3160	224	48	as	as	SCONJ
fsr-3160	224	49	suggested	suggest	VERB
fsr-3160	224	50	by	by	ADP
fsr-3160	224	51	demuth	demuth	NOUN
fsr-3160	224	52	(	(	PUNCT
fsr-3160	224	53	2016	2016	NUM
fsr-3160	224	54	)	)	PUNCT
fsr-3160	224	55	.	.	PUNCT
fsr-3160	225	1	investing	invest	VERB
fsr-3160	225	2	a	a	DET
fsr-3160	225	3	retiree	retiree	NOUN
fsr-3160	225	4	’s	’s	PART
fsr-3160	225	5	excess	excess	ADJ
fsr-3160	225	6	income	income	NOUN
fsr-3160	225	7	in	in	ADP
fsr-3160	225	8	this	this	DET
fsr-3160	225	9	way	way	NOUN
fsr-3160	225	10	maximizes	maximize	VERB
fsr-3160	225	11	the	the	DET
fsr-3160	225	12	benefits	benefit	NOUN
fsr-3160	225	13	of	of	ADP
fsr-3160	225	14	the	the	DET
fsr-3160	225	15	step	step	NOUN
fsr-3160	225	16	-	-	PUNCT
fsr-3160	225	17	up	up	NOUN
fsr-3160	225	18	in	in	ADP
fsr-3160	225	19	cost	cost	NOUN
fsr-3160	225	20	basis	basis	NOUN
fsr-3160	225	21	realized	realize	VERB
fsr-3160	225	22	by	by	ADP
fsr-3160	225	23	a	a	DET
fsr-3160	225	24	retiree	retiree	NOUN
fsr-3160	225	25	’s	’s	PART
fsr-3160	225	26	non	non	ADJ
fsr-3160	225	27	-	-	ADJ
fsr-3160	225	28	spouse	spouse	ADJ
fsr-3160	225	29	heirs	heir	NOUN
fsr-3160	225	30	.	.	PUNCT
fsr-3160	226	1	4	4	X
fsr-3160	226	2	.	.	X
fsr-3160	226	3	results	result	VERB
fsr-3160	226	4	the	the	DET
fsr-3160	226	5	following	follow	VERB
fsr-3160	226	6	subsections	subsection	NOUN
fsr-3160	226	7	demonstrate	demonstrate	VERB
fsr-3160	226	8	the	the	DET
fsr-3160	226	9	results	result	NOUN
fsr-3160	226	10	using	use	VERB
fsr-3160	226	11	the	the	DET
fsr-3160	226	12	three	three	NUM
fsr-3160	226	13	categories	category	NOUN
fsr-3160	226	14	that	that	PRON
fsr-3160	226	15	appear	appear	VERB
fsr-3160	226	16	in	in	ADP
fsr-3160	226	17	fig	fig	NOUN
fsr-3160	226	18	.	.	PUNCT
fsr-3160	227	1	2	2	X
fsr-3160	227	2	.	.	X
fsr-3160	227	3	using	use	VERB
fsr-3160	227	4	the	the	DET
fsr-3160	227	5	common	common	ADJ
fsr-3160	227	6	rule	rule	NOUN
fsr-3160	227	7	withdrawal	withdrawal	NOUN
fsr-3160	227	8	strategy	strategy	NOUN
fsr-3160	227	9	,	,	PUNCT
fsr-3160	227	10	three	three	NUM
fsr-3160	227	11	outcomes	outcome	NOUN
fsr-3160	227	12	occur	occur	VERB
fsr-3160	227	13	.	.	PUNCT
fsr-3160	228	1	1	1	X
fsr-3160	228	2	.	.	X
fsr-3160	228	3	retiree	retiree	NOUN
fsr-3160	228	4	and	and	CCONJ
fsr-3160	228	5	spouse	spouse	NOUN
fsr-3160	228	6	exhaust	exhaust	NOUN
fsr-3160	228	7	all	all	DET
fsr-3160	228	8	account	account	NOUN
fsr-3160	228	9	assets	asset	NOUN
fsr-3160	228	10	over	over	ADP
fsr-3160	228	11	their	their	PRON
fsr-3160	228	12	retirement	retirement	NOUN
fsr-3160	228	13	horizon	horizon	NOUN
fsr-3160	228	14	.	.	PUNCT
fsr-3160	229	1	2	2	X
fsr-3160	229	2	.	.	X
fsr-3160	229	3	retiree	retiree	NOUN
fsr-3160	229	4	and	and	CCONJ
fsr-3160	229	5	spouse	spouse	NOUN
fsr-3160	229	6	have	have	VERB
fsr-3160	229	7	sufficient	sufficient	ADJ
fsr-3160	229	8	assets	asset	NOUN
fsr-3160	229	9	to	to	PART
fsr-3160	229	10	fund	fund	VERB
fsr-3160	229	11	their	their	PRON
fsr-3160	229	12	retirement	retirement	NOUN
fsr-3160	229	13	but	but	CCONJ
fsr-3160	229	14	some	some	PRON
fsr-3160	229	15	of	of	ADP
fsr-3160	229	16	their	their	PRON
fsr-3160	229	17	account	account	NOUN
fsr-3160	229	18	assets	asset	NOUN
fsr-3160	229	19	must	must	AUX
fsr-3160	229	20	be	be	AUX
fsr-3160	229	21	drawn	draw	VERB
fsr-3160	229	22	down	down	ADP
fsr-3160	229	23	.	.	PUNCT
fsr-3160	230	1	3	3	X
fsr-3160	230	2	.	.	X
fsr-3160	230	3	retiree	retiree	NOUN
fsr-3160	230	4	and	and	CCONJ
fsr-3160	230	5	spouse	spouse	NOUN
fsr-3160	230	6	have	have	VERB
fsr-3160	230	7	an	an	DET
fsr-3160	230	8	excess	excess	NOUN
fsr-3160	230	9	of	of	ADP
fsr-3160	230	10	assets	asset	NOUN
fsr-3160	230	11	,	,	PUNCT
fsr-3160	230	12	generating	generate	VERB
fsr-3160	230	13	more	more	ADJ
fsr-3160	230	14	income	income	NOUN
fsr-3160	230	15	from	from	ADP
fsr-3160	230	16	dividends	dividend	NOUN
fsr-3160	230	17	,	,	PUNCT
fsr-3160	230	18	interest	interest	NOUN
fsr-3160	230	19	,	,	PUNCT
fsr-3160	230	20	coupon	coupon	NOUN
fsr-3160	230	21	payments	payment	NOUN
fsr-3160	230	22	,	,	PUNCT
fsr-3160	230	23	and	and	CCONJ
fsr-3160	230	24	rmds	rmds	NOUN
fsr-3160	230	25	than	than	SCONJ
fsr-3160	230	26	is	be	AUX
fsr-3160	230	27	needed	need	VERB
fsr-3160	230	28	over	over	ADP
fsr-3160	230	29	their	their	PRON
fsr-3160	230	30	retirement	retirement	NOUN
fsr-3160	230	31	horizon	horizon	NOUN
fsr-3160	230	32	.	.	PUNCT
fsr-3160	231	1	4.1	4.1	NUM
fsr-3160	231	2	.	.	PUNCT
fsr-3160	231	3	retiree	retiree	NOUN
fsr-3160	231	4	and	and	CCONJ
fsr-3160	231	5	spouse	spouse	NOUN
fsr-3160	231	6	run	run	VERB
fsr-3160	231	7	out	out	ADP
fsr-3160	231	8	of	of	ADP
fsr-3160	231	9	funds	fund	NOUN
fsr-3160	231	10	over	over	ADP
fsr-3160	231	11	their	their	PRON
fsr-3160	231	12	retirement	retirement	NOUN
fsr-3160	231	13	horizon	horizon	NOUN
fsr-3160	231	14	table	table	NOUN
fsr-3160	231	15	1	1	NUM
fsr-3160	231	16	shows	show	VERB
fsr-3160	231	17	the	the	DET
fsr-3160	231	18	assumptions	assumption	NOUN
fsr-3160	231	19	that	that	SCONJ
fsr-3160	231	20	,	,	PUNCT
fsr-3160	231	21	after	after	ADP
fsr-3160	231	22	following	follow	VERB
fsr-3160	231	23	the	the	DET
fsr-3160	231	24	common	common	ADJ
fsr-3160	231	25	rule	rule	NOUN
fsr-3160	231	26	strategy	strategy	NOUN
fsr-3160	231	27	,	,	PUNCT
fsr-3160	231	28	exhaust	exhaust	NOUN
fsr-3160	231	29	all	all	DET
fsr-3160	231	30	account	account	NOUN
fsr-3160	231	31	funds	fund	NOUN
fsr-3160	231	32	.	.	PUNCT
fsr-3160	232	1	we	we	PRON
fsr-3160	232	2	use	use	VERB
fsr-3160	232	3	the	the	DET
fsr-3160	232	4	average	average	ADJ
fsr-3160	232	5	spousal	spousal	NOUN
fsr-3160	232	6	age	age	NOUN
fsr-3160	232	7	differential	differential	NOUN
fsr-3160	232	8	of	of	ADP
fsr-3160	232	9	3	3	NUM
fsr-3160	232	10	years.10	years.10	NOUN
fsr-3160	232	11	these	these	DET
fsr-3160	232	12	results	result	NOUN
fsr-3160	232	13	include	include	VERB
fsr-3160	232	14	the	the	DET
fsr-3160	232	15	effect	effect	NOUN
fsr-3160	232	16	of	of	ADP
fsr-3160	232	17	a	a	DET
fsr-3160	232	18	surviving	surviving	NOUN
fsr-3160	232	19	spouse	spouse	NOUN
fsr-3160	232	20	,	,	PUNCT
fsr-3160	232	21	who	who	PRON
fsr-3160	232	22	can	can	AUX
fsr-3160	232	23	realize	realize	VERB
fsr-3160	232	24	a	a	DET
fsr-3160	232	25	step	step	NOUN
fsr-3160	232	26	-	-	PUNCT
fsr-3160	232	27	up	up	NOUN
fsr-3160	232	28	in	in	ADP
fsr-3160	232	29	cost	cost	NOUN
fsr-3160	232	30	basis	basis	NOUN
fsr-3160	232	31	because	because	SCONJ
fsr-3160	232	32	we	we	PRON
fsr-3160	232	33	assume	assume	VERB
fsr-3160	232	34	they	they	PRON
fsr-3160	232	35	reside	reside	VERB
fsr-3160	232	36	in	in	ADP
fsr-3160	232	37	a	a	DET
fsr-3160	232	38	community	community	NOUN
fsr-3160	232	39	property	property	NOUN
fsr-3160	232	40	state	state	NOUN
fsr-3160	232	41	.	.	PUNCT
fsr-3160	233	1	we	we	PRON
fsr-3160	233	2	also	also	ADV
fsr-3160	233	3	assume	assume	VERB
fsr-3160	233	4	these	these	DET
fsr-3160	233	5	retirees	retiree	NOUN
fsr-3160	233	6	need	need	VERB
fsr-3160	233	7	to	to	PART
fsr-3160	233	8	begin	begin	VERB
fsr-3160	233	9	taking	take	VERB
fsr-3160	233	10	their	their	PRON
fsr-3160	233	11	rmds	rmds	NOUN
fsr-3160	233	12	in	in	ADP
fsr-3160	233	13	the	the	DET
fsr-3160	233	14	year	year	NOUN
fsr-3160	233	15	they	they	PRON
fsr-3160	233	16	turn	turn	VERB
fsr-3160	233	17	70.5.11	70.5.11	NUM
fsr-3160	233	18	the	the	DET
fsr-3160	233	19	implied	imply	VERB
fsr-3160	233	20	life	life	NOUN
fsr-3160	233	21	expectancy	expectancy	NOUN
fsr-3160	233	22	of	of	ADP
fsr-3160	233	23	95	95	NUM
fsr-3160	233	24	and	and	CCONJ
fsr-3160	233	25	100	100	NUM
fsr-3160	233	26	years	year	NOUN
fsr-3160	233	27	in	in	ADP
fsr-3160	233	28	table	table	NOUN
fsr-3160	233	29	1	1	NUM
fsr-3160	233	30	are	be	AUX
fsr-3160	233	31	conservative	conservative	ADJ
fsr-3160	233	32	estimates	estimate	NOUN
fsr-3160	233	33	often	often	ADV
fsr-3160	233	34	used	use	VERB
fsr-3160	233	35	by	by	ADP
fsr-3160	233	36	financial	financial	ADJ
fsr-3160	233	37	planners	planner	NOUN
fsr-3160	233	38	.	.	PUNCT
fsr-3160	234	1	we	we	PRON
fsr-3160	234	2	investigate	investigate	VERB
fsr-3160	234	3	shorter	short	ADJ
fsr-3160	234	4	life	life	NOUN
fsr-3160	234	5	expectancies	expectancy	NOUN
fsr-3160	234	6	in	in	ADP
fsr-3160	234	7	the	the	DET
fsr-3160	234	8	following	follow	VERB
fsr-3160	234	9	subsections	subsection	NOUN
fsr-3160	234	10	.	.	PUNCT
fsr-3160	235	1	we	we	PRON
fsr-3160	235	2	determine	determine	VERB
fsr-3160	235	3	the	the	DET
fsr-3160	235	4	cost	cost	NOUN
fsr-3160	235	5	basis	basis	NOUN
fsr-3160	235	6	for	for	ADP
fsr-3160	235	7	stocks	stock	NOUN
fsr-3160	235	8	and	and	CCONJ
fsr-3160	235	9	bonds	bond	NOUN
fsr-3160	235	10	using	use	VERB
fsr-3160	235	11	the	the	DET
fsr-3160	235	12	nominal	nominal	ADJ
fsr-3160	235	13	return	return	NOUN
fsr-3160	235	14	found	find	VERB
fsr-3160	235	15	lower	low	ADJ
fsr-3160	235	16	in	in	ADP
fsr-3160	235	17	the	the	DET
fsr-3160	235	18	table	table	NOUN
fsr-3160	235	19	,	,	PUNCT
fsr-3160	235	20	to	to	PART
fsr-3160	235	21	be	be	AUX
fsr-3160	235	22	consistent	consistent	ADJ
fsr-3160	235	23	with	with	ADP
fsr-3160	235	24	current	current	ADJ
fsr-3160	235	25	assumptions	assumption	NOUN
fsr-3160	235	26	about	about	ADP
fsr-3160	235	27	capital	capital	NOUN
fsr-3160	235	28	markets	market	NOUN
fsr-3160	235	29	.	.	PUNCT
fsr-3160	236	1	using	use	VERB
fsr-3160	236	2	the	the	DET
fsr-3160	236	3	ishares	ishares	NOUN
fsr-3160	236	4	s&p	s&p	PROPN
fsr-3160	236	5	500	500	NUM
fsr-3160	236	6	etf	etf	NOUN
fsr-3160	236	7	(	(	PUNCT
fsr-3160	236	8	ticker	ticker	NOUN
fsr-3160	236	9	ivv	ivv	PROPN
fsr-3160	236	10	)	)	PUNCT
fsr-3160	236	11	as	as	ADP
fsr-3160	236	12	a	a	DET
fsr-3160	236	13	proxy	proxy	NOUN
fsr-3160	236	14	for	for	ADP
fsr-3160	236	15	stock	stock	NOUN
fsr-3160	236	16	investing	investing	NOUN
fsr-3160	236	17	,	,	PUNCT
fsr-3160	236	18	its	its	PRON
fsr-3160	236	19	lifetime	lifetime	NOUN
fsr-3160	236	20	annualized	annualize	VERB
fsr-3160	236	21	return	return	NOUN
fsr-3160	236	22	(	(	PUNCT
fsr-3160	236	23	from	from	ADP
fsr-3160	236	24	may	may	PROPN
fsr-3160	236	25	15	15	NUM
fsr-3160	236	26	,	,	PUNCT
fsr-3160	236	27	2000	2000	NUM
fsr-3160	236	28	,	,	PUNCT
fsr-3160	236	29	to	to	ADP
fsr-3160	236	30	april	april	PROPN
fsr-3160	236	31	27	27	NUM
fsr-3160	236	32	,	,	PUNCT
fsr-3160	236	33	2021	2021	NUM
fsr-3160	236	34	)	)	PUNCT
fsr-3160	236	35	was	be	AUX
fsr-3160	236	36	7.2	7.2	NUM
fsr-3160	236	37	%	%	NOUN
fsr-3160	236	38	.	.	PUNCT
fsr-3160	237	1	similarly	similarly	ADV
fsr-3160	237	2	,	,	PUNCT
fsr-3160	237	3	the	the	DET
fsr-3160	237	4	ishares	ishares	NOUN
fsr-3160	237	5	aggregate	aggregate	NOUN
fsr-3160	237	6	bond	bond	NOUN
fsr-3160	237	7	index	index	NOUN
fsr-3160	237	8	etf	etf	NOUN
fsr-3160	237	9	(	(	PUNCT
fsr-3160	237	10	ticker	ticker	PROPN
fsr-3160	237	11	agg	agg	PROPN
fsr-3160	237	12	)	)	PUNCT
fsr-3160	237	13	was	be	AUX
fsr-3160	237	14	used	use	VERB
fsr-3160	237	15	as	as	ADP
fsr-3160	237	16	a	a	DET
fsr-3160	237	17	proxy	proxy	NOUN
fsr-3160	237	18	for	for	ADP
fsr-3160	237	19	bond	bond	NOUN
fsr-3160	237	20	investing	investing	NOUN
fsr-3160	237	21	,	,	PUNCT
fsr-3160	237	22	and	and	CCONJ
fsr-3160	237	23	its	its	PRON
fsr-3160	237	24	lifetime	lifetime	NOUN
fsr-3160	237	25	annual	annual	ADJ
fsr-3160	237	26	return	return	NOUN
fsr-3160	237	27	(	(	PUNCT
fsr-3160	237	28	from	from	ADP
fsr-3160	237	29	september	september	PROPN
fsr-3160	237	30	22	22	NUM
fsr-3160	237	31	,	,	PUNCT
fsr-3160	237	32	2003	2003	NUM
fsr-3160	237	33	,	,	PUNCT
fsr-3160	237	34	to	to	ADP
fsr-3160	237	35	april	april	PROPN
fsr-3160	237	36	27	27	NUM
fsr-3160	237	37	,	,	PUNCT
fsr-3160	237	38	2021	2021	NUM
fsr-3160	237	39	)	)	PUNCT
fsr-3160	237	40	was	be	AUX
fsr-3160	237	41	4.0	4.0	NUM
fsr-3160	237	42	%	%	NOUN
fsr-3160	237	43	.	.	PUNCT
fsr-3160	238	1	with	with	ADP
fsr-3160	238	2	these	these	DET
fsr-3160	238	3	returns	return	NOUN
fsr-3160	238	4	in	in	ADP
fsr-3160	238	5	mind	mind	NOUN
fsr-3160	238	6	,	,	PUNCT
fsr-3160	238	7	a	a	DET
fsr-3160	238	8	taxable	taxable	ADJ
fsr-3160	238	9	investment	investment	NOUN
fsr-3160	238	10	in	in	ADP
fsr-3160	238	11	each	each	PRON
fsr-3160	238	12	of	of	ADP
fsr-3160	238	13	these	these	DET
fsr-3160	238	14	funds	fund	NOUN
fsr-3160	238	15	10	10	NUM
fsr-3160	238	16	years	year	NOUN
fsr-3160	238	17	before	before	SCONJ
fsr-3160	238	18	retirement	retirement	NOUN
fsr-3160	238	19	yields	yield	NOUN
fsr-3160	238	20	cost	cost	VERB
fsr-3160	238	21	bases	basis	NOUN
fsr-3160	238	22	of	of	ADP
fsr-3160	238	23	50	50	NUM
fsr-3160	238	24	%	%	NOUN
fsr-3160	238	25	for	for	ADP
fsr-3160	238	26	stocks	stock	NOUN
fsr-3160	238	27	and	and	CCONJ
fsr-3160	238	28	68	68	NUM
fsr-3160	238	29	%	%	NOUN
fsr-3160	238	30	for	for	ADP
fsr-3160	238	31	bonds	bond	NOUN
fsr-3160	238	32	.	.	PUNCT
fsr-3160	239	1	additionally	additionally	ADV
fsr-3160	239	2	,	,	PUNCT
fsr-3160	239	3	we	we	PRON
fsr-3160	239	4	assume	assume	VERB
fsr-3160	239	5	a	a	DET
fsr-3160	239	6	1	1	NUM
fsr-3160	239	7	%	%	NOUN
fsr-3160	239	8	transition	transition	NOUN
fsr-3160	239	9	from	from	ADP
fsr-3160	239	10	stocks	stock	NOUN
fsr-3160	239	11	to	to	ADP
fsr-3160	239	12	bonds	bond	NOUN
fsr-3160	239	13	in	in	ADP
fsr-3160	239	14	retirement	retirement	NOUN
fsr-3160	239	15	,	,	PUNCT
fsr-3160	239	16	which	which	PRON
fsr-3160	239	17	follows	follow	VERB
fsr-3160	239	18	conventional	conventional	ADJ
fsr-3160	239	19	wisdom	wisdom	NOUN
fsr-3160	239	20	.	.	PUNCT
fsr-3160	240	1	to	to	PART
fsr-3160	240	2	provide	provide	VERB
fsr-3160	240	3	support	support	NOUN
fsr-3160	240	4	for	for	ADP
fsr-3160	240	5	empirical	empirical	ADJ
fsr-3160	240	6	observations	observation	NOUN
fsr-3160	240	7	by	by	ADP
fsr-3160	240	8	gerrans	gerran	NOUN
fsr-3160	240	9	et	et	PROPN
fsr-3160	240	10	al	al	PROPN
fsr-3160	240	11	.	.	PROPN
fsr-3160	241	1	(	(	PUNCT
fsr-3160	241	2	2009	2009	NUM
fsr-3160	241	3	)	)	PUNCT
fsr-3160	241	4	and	and	CCONJ
fsr-3160	241	5	investment	investment	NOUN
fsr-3160	241	6	theory	theory	NOUN
fsr-3160	241	7	by	by	ADP
fsr-3160	241	8	samuelson	samuelson	PROPN
fsr-3160	241	9	(	(	PUNCT
fsr-3160	241	10	1969	1969	NUM
fsr-3160	241	11	)	)	PUNCT
fsr-3160	241	12	,	,	PUNCT
fsr-3160	241	13	we	we	PRON
fsr-3160	241	14	include	include	VERB
fsr-3160	241	15	a	a	DET
fsr-3160	241	16	sensitivity	sensitivity	NOUN
fsr-3160	241	17	analysis	analysis	NOUN
fsr-3160	241	18	with	with	ADP
fsr-3160	241	19	this	this	DET
fsr-3160	241	20	input	input	NOUN
fsr-3160	241	21	parameter	parameter	NOUN
fsr-3160	241	22	.	.	PUNCT
fsr-3160	242	1	we	we	PRON
fsr-3160	242	2	set	set	VERB
fsr-3160	242	3	social	social	ADJ
fsr-3160	242	4	security	security	NOUN
fsr-3160	242	5	to	to	ADP
fsr-3160	242	6	its	its	PRON
fsr-3160	242	7	median	median	ADJ
fsr-3160	242	8	value	value	NOUN
fsr-3160	242	9	,	,	PUNCT
fsr-3160	242	10	assume	assume	VERB
fsr-3160	242	11	it	it	PRON
fsr-3160	242	12	grows	grow	VERB
fsr-3160	242	13	at	at	ADP
fsr-3160	242	14	the	the	DET
fsr-3160	242	15	rate	rate	NOUN
fsr-3160	242	16	of	of	ADP
fsr-3160	242	17	inflation	inflation	NOUN
fsr-3160	242	18	appearing	appear	VERB
fsr-3160	242	19	lower	lower	ADV
fsr-3160	242	20	in	in	ADP
fsr-3160	242	21	table	table	NOUN
fsr-3160	242	22	1	1	NUM
fsr-3160	242	23	,	,	PUNCT
fsr-3160	242	24	and	and	CCONJ
fsr-3160	242	25	begins	begin	VERB
fsr-3160	242	26	at	at	ADP
fsr-3160	242	27	the	the	DET
fsr-3160	242	28	full	full	ADJ
fsr-3160	242	29	retirement	retirement	NOUN
fsr-3160	242	30	age	age	NOUN
fsr-3160	242	31	of	of	ADP
fsr-3160	242	32	67.12	67.12	NUM
fsr-3160	242	33	similarly	similarly	ADV
fsr-3160	242	34	,	,	PUNCT
fsr-3160	242	35	we	we	PRON
fsr-3160	242	36	set	set	VERB
fsr-3160	242	37	pension	pension	NOUN
fsr-3160	242	38	benefits	benefit	NOUN
fsr-3160	242	39	to	to	ADP
fsr-3160	242	40	their	their	PRON
fsr-3160	242	41	median	median	ADJ
fsr-3160	242	42	value	value	NOUN
fsr-3160	242	43	of	of	ADP
fsr-3160	242	44	$	$	SYM
fsr-3160	242	45	11,000	11,000	NUM
fsr-3160	242	46	per	per	ADP
fsr-3160	242	47	year	year	NOUN
fsr-3160	242	48	for	for	ADP
fsr-3160	242	49	private	private	ADJ
fsr-3160	242	50	and	and	CCONJ
fsr-3160	242	51	union	union	NOUN
fsr-3160	242	52	pensions	pension	NOUN
fsr-3160	242	53	,	,	PUNCT
fsr-3160	242	54	but	but	CCONJ
fsr-3160	242	55	do	do	AUX
fsr-3160	242	56	not	not	PART
fsr-3160	242	57	adjust	adjust	VERB
fsr-3160	242	58	its	its	PRON
fsr-3160	242	59	annual	annual	ADJ
fsr-3160	242	60	payment	payment	NOUN
fsr-3160	242	61	for	for	ADP
fsr-3160	242	62	inflation.13	inflation.13	NOUN
fsr-3160	242	63	we	we	PRON
fsr-3160	242	64	derive	derive	VERB
fsr-3160	242	65	the	the	DET
fsr-3160	242	66	inflation	inflation	NOUN
fsr-3160	242	67	rate	rate	NOUN
fsr-3160	242	68	using	use	VERB
fsr-3160	242	69	the	the	DET
fsr-3160	242	70	long	long	ADJ
fsr-3160	242	71	-	-	PUNCT
fsr-3160	242	72	term	term	NOUN
fsr-3160	242	73	average	average	NOUN
fsr-3160	242	74	from	from	ADP
fsr-3160	242	75	the	the	DET
fsr-3160	242	76	consumer	consumer	NOUN
fsr-3160	242	77	price	price	NOUN
fsr-3160	242	78	index	index	NOUN
fsr-3160	242	79	from	from	ADP
fsr-3160	242	80	1992	1992	NUM
fsr-3160	242	81	to	to	ADP
fsr-3160	242	82	2020	2020	NUM
fsr-3160	242	83	.	.	PUNCT
fsr-3160	243	1	however	however	ADV
fsr-3160	243	2	,	,	PUNCT
fsr-3160	243	3	given	give	VERB
fsr-3160	243	4	how	how	SCONJ
fsr-3160	243	5	much	much	ADJ
fsr-3160	243	6	inflation	inflation	NOUN
fsr-3160	243	7	may	may	AUX
fsr-3160	243	8	change	change	VERB
fsr-3160	243	9	,	,	PUNCT
fsr-3160	243	10	we	we	PRON
fsr-3160	243	11	include	include	VERB
fsr-3160	243	12	this	this	DET
fsr-3160	243	13	input	input	NOUN
fsr-3160	243	14	as	as	ADP
fsr-3160	243	15	part	part	NOUN
fsr-3160	243	16	of	of	ADP
fsr-3160	243	17	the	the	DET
fsr-3160	243	18	sensitivity	sensitivity	NOUN
fsr-3160	243	19	analysis	analysis	NOUN
fsr-3160	243	20	explored	explore	VERB
fsr-3160	243	21	in	in	ADP
fsr-3160	243	22	the	the	DET
fsr-3160	243	23	later	later	ADJ
fsr-3160	243	24	sections	section	NOUN
fsr-3160	243	25	.	.	PUNCT
fsr-3160	244	1	j.	j.	PROPN
fsr-3160	244	2	a.	a.	PROPN
fsr-3160	244	3	dilellio	dilellio	PROPN
fsr-3160	244	4	and	and	CCONJ
fsr-3160	244	5	a.	a.	PROPN
fsr-3160	244	6	simon	simon	PROPN
fsr-3160	244	7	/	/	SYM
fsr-3160	244	8	financial	financial	ADJ
fsr-3160	244	9	services	service	NOUN
fsr-3160	244	10	review	review	VERB
fsr-3160	244	11	30	30	NUM
fsr-3160	244	12	(	(	PUNCT
fsr-3160	244	13	2022	2022	NUM
fsr-3160	244	14	)	)	PUNCT
fsr-3160	245	1	223–249	223–249	NUM
fsr-3160	245	2	233	233	NUM
fsr-3160	245	3	using	use	VERB
fsr-3160	245	4	the	the	DET
fsr-3160	245	5	variables	variable	NOUN
fsr-3160	245	6	in	in	ADP
fsr-3160	245	7	table	table	NOUN
fsr-3160	245	8	1	1	NUM
fsr-3160	245	9	,	,	PUNCT
fsr-3160	245	10	the	the	DET
fsr-3160	245	11	retiree	retiree	NOUN
fsr-3160	245	12	’s	’s	PART
fsr-3160	245	13	spouse	spouse	NOUN
fsr-3160	245	14	exhausts	exhaust	VERB
fsr-3160	245	15	all	all	DET
fsr-3160	245	16	their	their	PRON
fsr-3160	245	17	funds	fund	NOUN
fsr-3160	245	18	in	in	ADP
fsr-3160	245	19	the	the	DET
fsr-3160	245	20	37th	37th	ADJ
fsr-3160	245	21	year	year	NOUN
fsr-3160	245	22	,	,	PUNCT
fsr-3160	245	23	for	for	ADP
fsr-3160	245	24	portfolio	portfolio	NOUN
fsr-3160	245	25	longevity	longevity	NOUN
fsr-3160	245	26	of	of	ADP
fsr-3160	245	27	36.5	36.5	NUM
fsr-3160	245	28	years	year	NOUN
fsr-3160	245	29	.	.	PUNCT
fsr-3160	246	1	the	the	DET
fsr-3160	246	2	upper	upper	ADJ
fsr-3160	246	3	pane	pane	NOUN
fsr-3160	246	4	of	of	ADP
fsr-3160	246	5	fig	fig	NOUN
fsr-3160	246	6	.	.	PUNCT
fsr-3160	247	1	3	3	NUM
fsr-3160	247	2	shows	show	VERB
fsr-3160	247	3	how	how	SCONJ
fsr-3160	247	4	the	the	DET
fsr-3160	247	5	retiree	retiree	NOUN
fsr-3160	247	6	and	and	CCONJ
fsr-3160	247	7	spouse	spouse	NOUN
fsr-3160	247	8	use	use	VERB
fsr-3160	247	9	each	each	DET
fsr-3160	247	10	source	source	NOUN
fsr-3160	247	11	of	of	ADP
fsr-3160	247	12	after	after	ADP
fsr-3160	247	13	-	-	PUNCT
fsr-3160	247	14	tax	tax	NOUN
fsr-3160	247	15	income	income	NOUN
fsr-3160	247	16	to	to	PART
fsr-3160	247	17	meet	meet	VERB
fsr-3160	247	18	the	the	DET
fsr-3160	247	19	annual	annual	ADJ
fsr-3160	247	20	income	income	NOUN
fsr-3160	247	21	needs	need	NOUN
fsr-3160	247	22	using	use	VERB
fsr-3160	247	23	the	the	DET
fsr-3160	247	24	common	common	ADJ
fsr-3160	247	25	rule	rule	NOUN
fsr-3160	247	26	withdrawal	withdrawal	NOUN
fsr-3160	247	27	strategy	strategy	NOUN
fsr-3160	247	28	.	.	PUNCT
fsr-3160	248	1	here	here	ADV
fsr-3160	248	2	,	,	PUNCT
fsr-3160	248	3	all	all	DET
fsr-3160	248	4	taxable	taxable	ADJ
fsr-3160	248	5	account	account	NOUN
fsr-3160	248	6	funds	fund	NOUN
fsr-3160	248	7	(	(	PUNCT
fsr-3160	248	8	orange	orange	ADJ
fsr-3160	248	9	)	)	PUNCT
fsr-3160	248	10	are	be	AUX
fsr-3160	248	11	exhausted	exhausted	ADJ
fsr-3160	248	12	first	first	ADV
fsr-3160	248	13	,	,	PUNCT
fsr-3160	248	14	then	then	ADV
fsr-3160	248	15	tax	tax	NOUN
fsr-3160	248	16	-	-	PUNCT
fsr-3160	248	17	deferred	defer	VERB
fsr-3160	248	18	account	account	NOUN
fsr-3160	248	19	funds	fund	NOUN
fsr-3160	248	20	(	(	PUNCT
fsr-3160	248	21	blue	blue	ADJ
fsr-3160	248	22	)	)	PUNCT
fsr-3160	248	23	,	,	PUNCT
fsr-3160	248	24	and	and	CCONJ
fsr-3160	248	25	tax	tax	NOUN
fsr-3160	248	26	-	-	PUNCT
fsr-3160	248	27	exempt	exempt	ADJ
fsr-3160	248	28	account	account	NOUN
fsr-3160	248	29	funds	fund	NOUN
fsr-3160	248	30	last	last	ADJ
fsr-3160	248	31	(	(	PUNCT
fsr-3160	248	32	green	green	ADJ
fsr-3160	248	33	)	)	PUNCT
fsr-3160	248	34	.	.	PUNCT
fsr-3160	249	1	also	also	ADV
fsr-3160	249	2	,	,	PUNCT
fsr-3160	249	3	note	note	VERB
fsr-3160	249	4	that	that	SCONJ
fsr-3160	249	5	the	the	DET
fsr-3160	249	6	rmds	rmds	NOUN
fsr-3160	249	7	(	(	PUNCT
fsr-3160	249	8	yellow	yellow	ADJ
fsr-3160	249	9	bars	bar	NOUN
fsr-3160	249	10	overlapping	overlap	VERB
fsr-3160	249	11	the	the	DET
fsr-3160	249	12	blue	blue	NOUN
fsr-3160	249	13	)	)	PUNCT
fsr-3160	249	14	appear	appear	VERB
fsr-3160	249	15	completely	completely	ADV
fsr-3160	249	16	over	over	ADP
fsr-3160	249	17	the	the	DET
fsr-3160	249	18	tax	tax	NOUN
fsr-3160	249	19	-	-	PUNCT
fsr-3160	249	20	deferred	defer	VERB
fsr-3160	249	21	account	account	NOUN
fsr-3160	249	22	bars	bar	NOUN
fsr-3160	249	23	when	when	SCONJ
fsr-3160	249	24	representing	represent	VERB
fsr-3160	249	25	a	a	DET
fsr-3160	249	26	binding	bind	VERB
fsr-3160	249	27	constraint	constraint	NOUN
fsr-3160	249	28	in	in	ADP
fsr-3160	249	29	years	year	NOUN
fsr-3160	249	30	5	5	NUM
fsr-3160	249	31	through	through	ADP
fsr-3160	249	32	17	17	NUM
fsr-3160	249	33	.	.	PUNCT
fsr-3160	250	1	lastly	lastly	ADV
fsr-3160	250	2	,	,	PUNCT
fsr-3160	250	3	income	income	NOUN
fsr-3160	250	4	tax	tax	NOUN
fsr-3160	250	5	brackets	bracket	NOUN
fsr-3160	250	6	are	be	AUX
fsr-3160	250	7	constant	constant	ADJ
fsr-3160	250	8	each	each	DET
fsr-3160	250	9	year	year	NOUN
fsr-3160	250	10	,	,	PUNCT
fsr-3160	250	11	because	because	SCONJ
fsr-3160	250	12	all	all	DET
fsr-3160	250	13	the	the	DET
fsr-3160	250	14	results	result	NOUN
fsr-3160	250	15	are	be	AUX
fsr-3160	250	16	in	in	ADP
fsr-3160	250	17	the	the	DET
fsr-3160	250	18	current	current	ADJ
fsr-3160	250	19	year	year	NOUN
fsr-3160	250	20	,	,	PUNCT
fsr-3160	250	21	not	not	PART
fsr-3160	250	22	future	future	ADJ
fsr-3160	250	23	dollars.14	dollars.14	PROPN
fsr-3160	250	24	however	however	ADV
fsr-3160	250	25	,	,	PUNCT
fsr-3160	250	26	income	income	NOUN
fsr-3160	250	27	brackets	bracket	NOUN
fsr-3160	250	28	drop	drop	VERB
fsr-3160	250	29	in	in	ADP
fsr-3160	250	30	year	year	NOUN
fsr-3160	250	31	31	31	NUM
fsr-3160	250	32	,	,	PUNCT
fsr-3160	250	33	when	when	SCONJ
fsr-3160	250	34	the	the	DET
fsr-3160	250	35	surviving	surviving	NOUN
fsr-3160	250	36	spouse	spouse	NOUN
fsr-3160	250	37	must	must	AUX
fsr-3160	250	38	file	file	VERB
fsr-3160	250	39	their	their	PRON
fsr-3160	250	40	taxes	taxis	NOUN
fsr-3160	250	41	as	as	ADP
fsr-3160	250	42	“	"	PUNCT
fsr-3160	250	43	single	single	ADJ
fsr-3160	250	44	.	.	PUNCT
fsr-3160	250	45	”	"	PUNCT
fsr-3160	251	1	the	the	DET
fsr-3160	251	2	0	0	NUM
fsr-3160	251	3	%	%	NOUN
fsr-3160	251	4	tax	tax	NOUN
fsr-3160	251	5	bracket	bracket	NOUN
fsr-3160	251	6	corresponds	correspond	VERB
fsr-3160	251	7	to	to	ADP
fsr-3160	251	8	the	the	DET
fsr-3160	251	9	income	income	NOUN
fsr-3160	251	10	below	below	ADP
fsr-3160	251	11	the	the	DET
fsr-3160	251	12	standard	standard	ADJ
fsr-3160	251	13	deduction	deduction	NOUN
fsr-3160	251	14	in	in	ADP
fsr-3160	251	15	the	the	DET
fsr-3160	251	16	united	united	PROPN
fsr-3160	251	17	states	states	PROPN
fsr-3160	251	18	or	or	CCONJ
fsr-3160	251	19	income	income	NOUN
fsr-3160	251	20	below	below	ADP
fsr-3160	251	21	the	the	DET
fsr-3160	251	22	so	so	ADV
fsr-3160	251	23	-	-	PUNCT
fsr-3160	251	24	called	call	VERB
fsr-3160	251	25	exclusion	exclusion	NOUN
fsr-3160	251	26	limit	limit	NOUN
fsr-3160	251	27	for	for	ADP
fsr-3160	251	28	retirees	retiree	NOUN
fsr-3160	251	29	paying	pay	VERB
fsr-3160	251	30	taxes	taxis	NOUN
fsr-3160	251	31	outside	outside	ADP
fsr-3160	251	32	the	the	DET
fsr-3160	251	33	united	united	PROPN
fsr-3160	251	34	states	states	PROPN
fsr-3160	251	35	.	.	PUNCT
fsr-3160	252	1	the	the	DET
fsr-3160	252	2	lower	low	ADJ
fsr-3160	252	3	pane	pane	NOUN
fsr-3160	252	4	of	of	ADP
fsr-3160	252	5	fig	fig	NOUN
fsr-3160	252	6	.	.	PUNCT
fsr-3160	253	1	3	3	NUM
fsr-3160	253	2	shows	show	VERB
fsr-3160	253	3	the	the	DET
fsr-3160	253	4	modified	modified	ADJ
fsr-3160	253	5	common	common	ADJ
fsr-3160	253	6	rule	rule	NOUN
fsr-3160	253	7	withdrawal	withdrawal	NOUN
fsr-3160	253	8	strategy	strategy	NOUN
fsr-3160	253	9	increasing	increase	VERB
fsr-3160	253	10	portfolio	portfolio	NOUN
fsr-3160	253	11	longevity	longevity	NOUN
fsr-3160	253	12	to	to	ADP
fsr-3160	253	13	39.7	39.7	NUM
fsr-3160	253	14	years	year	NOUN
fsr-3160	253	15	or	or	CCONJ
fsr-3160	253	16	about	about	ADP
fsr-3160	253	17	3.2	3.2	NUM
fsr-3160	253	18	years	year	NOUN
fsr-3160	253	19	.	.	PUNCT
fsr-3160	254	1	put	put	VERB
fsr-3160	254	2	another	another	DET
fsr-3160	254	3	way	way	NOUN
fsr-3160	254	4	,	,	PUNCT
fsr-3160	254	5	the	the	DET
fsr-3160	254	6	common	common	ADJ
fsr-3160	254	7	rule	rule	NOUN
fsr-3160	254	8	withdrawal	withdrawal	NOUN
fsr-3160	254	9	strategy	strategy	NOUN
fsr-3160	254	10	would	would	AUX
fsr-3160	254	11	need	need	VERB
fsr-3160	254	12	to	to	PART
fsr-3160	254	13	increase	increase	VERB
fsr-3160	254	14	its	its	PRON
fsr-3160	254	15	investment	investment	NOUN
fsr-3160	254	16	returns	return	NOUN
fsr-3160	254	17	by	by	ADP
fsr-3160	254	18	0.35	0.35	NUM
fsr-3160	254	19	%	%	NOUN
fsr-3160	254	20	per	per	ADP
fsr-3160	254	21	year	year	NOUN
fsr-3160	254	22	to	to	PART
fsr-3160	254	23	achieve	achieve	VERB
fsr-3160	254	24	the	the	DET
fsr-3160	254	25	same	same	ADJ
fsr-3160	254	26	portfolio	portfolio	NOUN
fsr-3160	254	27	longevity.15	longevity.15	NOUN
fsr-3160	254	28	recall	recall	VERB
fsr-3160	254	29	that	that	SCONJ
fsr-3160	254	30	the	the	DET
fsr-3160	254	31	modified	modified	ADJ
fsr-3160	254	32	common	common	ADJ
fsr-3160	254	33	rule	rule	NOUN
fsr-3160	254	34	strategy	strategy	NOUN
fsr-3160	254	35	first	first	ADV
fsr-3160	254	36	uses	use	VERB
fsr-3160	254	37	tax	tax	NOUN
fsr-3160	254	38	-	-	PUNCT
fsr-3160	254	39	deferred	defer	VERB
fsr-3160	254	40	account	account	NOUN
fsr-3160	254	41	assets	asset	NOUN
fsr-3160	254	42	up	up	ADP
fsr-3160	254	43	to	to	ADP
fsr-3160	254	44	the	the	DET
fsr-3160	254	45	top	top	NOUN
fsr-3160	254	46	of	of	ADP
fsr-3160	254	47	the	the	DET
fsr-3160	254	48	income	income	NOUN
fsr-3160	254	49	bracket	bracket	NOUN
fsr-3160	254	50	associated	associate	VERB
fsr-3160	254	51	with	with	ADP
fsr-3160	254	52	greater	great	ADJ
fsr-3160	254	53	efficiency	efficiency	NOUN
fsr-3160	254	54	relative	relative	ADJ
fsr-3160	254	55	to	to	ADP
fsr-3160	254	56	the	the	DET
fsr-3160	254	57	heir	heir	NOUN
fsr-3160	254	58	.	.	PUNCT
fsr-3160	255	1	in	in	ADP
fsr-3160	255	2	this	this	DET
fsr-3160	255	3	case	case	NOUN
fsr-3160	255	4	,	,	PUNCT
fsr-3160	255	5	the	the	DET
fsr-3160	255	6	heir	heir	NOUN
fsr-3160	255	7	’s	’s	PART
fsr-3160	255	8	marginal	marginal	ADJ
fsr-3160	255	9	tax	tax	NOUN
fsr-3160	255	10	rate	rate	NOUN
fsr-3160	255	11	is	be	AUX
fsr-3160	255	12	25	25	NUM
fsr-3160	255	13	%	%	NOUN
fsr-3160	255	14	,	,	PUNCT
fsr-3160	255	15	so	so	CCONJ
fsr-3160	255	16	tax	tax	NOUN
fsr-3160	255	17	-	-	PUNCT
fsr-3160	255	18	efficient	efficient	ADJ
fsr-3160	255	19	tax	tax	NOUN
fsr-3160	255	20	-	-	PUNCT
fsr-3160	255	21	deferred	defer	VERB
fsr-3160	255	22	account	account	NOUN
fsr-3160	255	23	withdrawals	withdrawal	NOUN
fsr-3160	255	24	can	can	AUX
fsr-3160	255	25	occur	occur	VERB
fsr-3160	255	26	up	up	ADP
fsr-3160	255	27	to	to	ADP
fsr-3160	255	28	the	the	DET
fsr-3160	255	29	top	top	NOUN
fsr-3160	255	30	of	of	ADP
fsr-3160	255	31	the	the	DET
fsr-3160	255	32	24	24	NUM
fsr-3160	255	33	%	%	NOUN
fsr-3160	255	34	bracket	bracket	NOUN
fsr-3160	255	35	,	,	PUNCT
fsr-3160	255	36	but	but	CCONJ
fsr-3160	255	37	not	not	PART
fsr-3160	255	38	the	the	DET
fsr-3160	255	39	bracket	bracket	NOUN
fsr-3160	255	40	above	above	ADP
fsr-3160	255	41	it	it	PRON
fsr-3160	255	42	corresponding	correspond	VERB
fsr-3160	255	43	to	to	ADP
fsr-3160	255	44	the	the	DET
fsr-3160	255	45	32	32	NUM
fsr-3160	255	46	%	%	NOUN
fsr-3160	255	47	income	income	NOUN
fsr-3160	255	48	tax	tax	NOUN
fsr-3160	255	49	rate	rate	NOUN
fsr-3160	255	50	.	.	PUNCT
fsr-3160	256	1	the	the	DET
fsr-3160	256	2	most	most	ADV
fsr-3160	256	3	noticeable	noticeable	ADJ
fsr-3160	256	4	difference	difference	NOUN
fsr-3160	256	5	between	between	ADP
fsr-3160	256	6	the	the	DET
fsr-3160	256	7	upper	upper	ADJ
fsr-3160	256	8	and	and	CCONJ
fsr-3160	256	9	lower	low	ADJ
fsr-3160	256	10	panes	pane	NOUN
fsr-3160	256	11	in	in	ADP
fsr-3160	256	12	fig	fig	NOUN
fsr-3160	256	13	.	.	PUNCT
fsr-3160	257	1	3	3	NUM
fsr-3160	257	2	is	be	AUX
fsr-3160	257	3	the	the	DET
fsr-3160	257	4	rmds	rmds	NOUN
fsr-3160	257	5	are	be	AUX
fsr-3160	257	6	no	no	ADV
fsr-3160	257	7	longer	long	ADV
fsr-3160	257	8	binding	bind	VERB
fsr-3160	257	9	during	during	ADP
fsr-3160	257	10	any	any	DET
fsr-3160	257	11	table	table	NOUN
fsr-3160	257	12	1	1	NUM
fsr-3160	257	13	input	input	NOUN
fsr-3160	257	14	variables	variable	NOUN
fsr-3160	257	15	for	for	ADP
fsr-3160	257	16	a	a	DET
fsr-3160	257	17	retiree	retiree	NOUN
fsr-3160	257	18	and	and	CCONJ
fsr-3160	257	19	spouse	spouse	NOUN
fsr-3160	257	20	that	that	PRON
fsr-3160	257	21	lead	lead	VERB
fsr-3160	257	22	to	to	ADP
fsr-3160	257	23	insufficient	insufficient	ADJ
fsr-3160	257	24	funds	fund	NOUN
fsr-3160	257	25	for	for	ADP
fsr-3160	257	26	retirement	retirement	NOUN
fsr-3160	257	27	age	age	NOUN
fsr-3160	257	28	of	of	ADP
fsr-3160	257	29	retiree	retiree	NOUN
fsr-3160	257	30	,	,	PUNCT
fsr-3160	257	31	spouse	spouse	NOUN
fsr-3160	257	32	65	65	NUM
fsr-3160	257	33	,	,	PUNCT
fsr-3160	257	34	62	62	NUM
fsr-3160	257	35	after	after	ADP
fsr-3160	257	36	-	-	PUNCT
fsr-3160	257	37	tax	tax	NOUN
fsr-3160	257	38	income	income	NOUN
fsr-3160	257	39	needed	need	VERB
fsr-3160	257	40	,	,	PUNCT
fsr-3160	257	41	per	per	ADP
fsr-3160	257	42	year	year	NOUN
fsr-3160	257	43	$	$	SYM
fsr-3160	257	44	150k	150k	NUM
fsr-3160	257	45	(	(	PUNCT
fsr-3160	257	46	retiree	retiree	NOUN
fsr-3160	257	47	+	+	CCONJ
fsr-3160	257	48	spouse	spouse	NOUN
fsr-3160	257	49	)	)	PUNCT
fsr-3160	257	50	,	,	PUNCT
fsr-3160	257	51	$	$	SYM
fsr-3160	257	52	140k	140k	NUM
fsr-3160	257	53	(	(	PUNCT
fsr-3160	257	54	surviving	surviving	NOUN
fsr-3160	257	55	spouse	spouse	NOUN
fsr-3160	257	56	)	)	PUNCT
fsr-3160	257	57	retirement	retirement	NOUN
fsr-3160	257	58	time	time	PROPN
fsr-3160	257	59	horizon	horizon	PROPN
fsr-3160	257	60	,	,	PUNCT
fsr-3160	257	61	retiree	retiree	NOUN
fsr-3160	257	62	,	,	PUNCT
fsr-3160	257	63	and	and	CCONJ
fsr-3160	257	64	spouse	spouse	NOUN
fsr-3160	257	65	30	30	NUM
fsr-3160	257	66	years	year	NOUN
fsr-3160	257	67	(	(	PUNCT
fsr-3160	257	68	retiree	retiree	NOUN
fsr-3160	257	69	)	)	PUNCT
fsr-3160	257	70	,	,	PUNCT
fsr-3160	257	71	40	40	NUM
fsr-3160	257	72	years	year	NOUN
fsr-3160	257	73	(	(	PUNCT
fsr-3160	257	74	spouse	spouse	NOUN
fsr-3160	257	75	)	)	PUNCT
fsr-3160	257	76	community	community	NOUN
fsr-3160	257	77	property	property	NOUN
fsr-3160	257	78	state	state	NOUN
fsr-3160	257	79	?	?	PUNCT
fsr-3160	258	1	yes	yes	INTJ
fsr-3160	258	2	account	account	NOUN
fsr-3160	258	3	information	information	NOUN
fsr-3160	258	4	retiree	retiree	NOUN
fsr-3160	258	5	and	and	CCONJ
fsr-3160	258	6	spouse	spouse	NOUN
fsr-3160	258	7	tax	tax	NOUN
fsr-3160	258	8	-	-	PUNCT
fsr-3160	258	9	deferred	defer	VERB
fsr-3160	258	10	account	account	NOUN
fsr-3160	258	11	starting	start	VERB
fsr-3160	258	12	balance	balance	NOUN
fsr-3160	258	13	$	$	SYM
fsr-3160	258	14	800,000	800,000	NUM
fsr-3160	258	15	and	and	CCONJ
fsr-3160	258	16	$	$	SYM
fsr-3160	258	17	100,000	100,000	NUM
fsr-3160	258	18	retiree	retiree	NOUN
fsr-3160	258	19	and	and	CCONJ
fsr-3160	258	20	spouse	spouse	NOUN
fsr-3160	258	21	tax	tax	NOUN
fsr-3160	258	22	-	-	PUNCT
fsr-3160	258	23	exempt	exempt	ADJ
fsr-3160	258	24	account	account	NOUN
fsr-3160	258	25	starting	start	VERB
fsr-3160	258	26	balance	balance	NOUN
fsr-3160	258	27	$	$	SYM
fsr-3160	258	28	400,000	400,000	NUM
fsr-3160	258	29	and	and	CCONJ
fsr-3160	258	30	$	$	SYM
fsr-3160	258	31	50,000	50,000	NUM
fsr-3160	258	32	taxable	taxable	ADJ
fsr-3160	258	33	account	account	NOUN
fsr-3160	258	34	starting	start	VERB
fsr-3160	258	35	balance	balance	NOUN
fsr-3160	258	36	$	$	SYM
fsr-3160	258	37	1,000,000	1,000,000	NUM
fsr-3160	258	38	cost	cost	NOUN
fsr-3160	258	39	basis	basis	NOUN
fsr-3160	258	40	50	50	NUM
fsr-3160	258	41	%	%	NOUN
fsr-3160	258	42	(	(	PUNCT
fsr-3160	258	43	stocks	stock	NOUN
fsr-3160	258	44	)	)	PUNCT
fsr-3160	258	45	,	,	PUNCT
fsr-3160	258	46	68	68	NUM
fsr-3160	258	47	%	%	NOUN
fsr-3160	258	48	(	(	PUNCT
fsr-3160	258	49	bonds	bond	NOUN
fsr-3160	258	50	)	)	PUNCT
fsr-3160	258	51	initial	initial	ADJ
fsr-3160	258	52	asset	asset	NOUN
fsr-3160	258	53	allocation	allocation	NOUN
fsr-3160	258	54	60	60	NUM
fsr-3160	258	55	%	%	NOUN
fsr-3160	258	56	stocks	stock	NOUN
fsr-3160	258	57	,	,	PUNCT
fsr-3160	258	58	40	40	NUM
fsr-3160	258	59	%	%	NOUN
fsr-3160	258	60	taxable	taxable	ADJ
fsr-3160	258	61	bonds	bond	NOUN
fsr-3160	258	62	glide	glide	NOUN
fsr-3160	258	63	slope	slope	NOUN
fsr-3160	258	64	transition	transition	NOUN
fsr-3160	258	65	from	from	ADP
fsr-3160	258	66	stock	stock	NOUN
fsr-3160	258	67	to	to	ADP
fsr-3160	258	68	bonds	bond	NOUN
fsr-3160	258	69	1	1	NUM
fsr-3160	258	70	%	%	NOUN
fsr-3160	258	71	per	per	ADP
fsr-3160	258	72	year	year	NOUN
fsr-3160	258	73	filing	filing	NOUN
fsr-3160	258	74	status	status	NOUN
fsr-3160	258	75	married	married	ADJ
fsr-3160	258	76	filing	filing	NOUN
fsr-3160	258	77	jointly	jointly	ADV
fsr-3160	258	78	,	,	PUNCT
fsr-3160	258	79	then	then	ADV
fsr-3160	258	80	single	single	VERB
fsr-3160	258	81	the	the	DET
fsr-3160	258	82	deduction	deduction	NOUN
fsr-3160	258	83	,	,	PUNCT
fsr-3160	258	84	tax	tax	NOUN
fsr-3160	258	85	year	year	NOUN
fsr-3160	258	86	the	the	DET
fsr-3160	258	87	standard	standard	ADJ
fsr-3160	258	88	deduction	deduction	NOUN
fsr-3160	258	89	,	,	PUNCT
fsr-3160	258	90	2020	2020	NUM
fsr-3160	258	91	retiree	retiree	NOUN
fsr-3160	258	92	’s	’s	PART
fsr-3160	258	93	social	social	ADJ
fsr-3160	258	94	security	security	NOUN
fsr-3160	258	95	amount	amount	NOUN
fsr-3160	258	96	and	and	CCONJ
fsr-3160	258	97	age	age	NOUN
fsr-3160	258	98	to	to	PART
fsr-3160	258	99	start	start	VERB
fsr-3160	258	100	$	$	SYM
fsr-3160	258	101	18,500	18,500	NUM
fsr-3160	258	102	at	at	ADP
fsr-3160	258	103	age	age	NOUN
fsr-3160	258	104	67	67	NUM
fsr-3160	258	105	spouse	spouse	NOUN
fsr-3160	258	106	social	social	ADJ
fsr-3160	258	107	security	security	NOUN
fsr-3160	258	108	amount	amount	NOUN
fsr-3160	258	109	and	and	CCONJ
fsr-3160	258	110	age	age	NOUN
fsr-3160	258	111	to	to	PART
fsr-3160	258	112	start	start	VERB
fsr-3160	258	113	$	$	SYM
fsr-3160	258	114	18,500	18,500	NUM
fsr-3160	258	115	at	at	ADP
fsr-3160	258	116	age	age	NOUN
fsr-3160	258	117	67	67	NUM
fsr-3160	258	118	retiree	retiree	NOUN
fsr-3160	258	119	’s	’s	PART
fsr-3160	258	120	pension	pension	NOUN
fsr-3160	258	121	and	and	CCONJ
fsr-3160	258	122	start	start	VERB
fsr-3160	258	123	age	age	NOUN
fsr-3160	258	124	$	$	SYM
fsr-3160	258	125	3,667	3,667	NUM
fsr-3160	258	126	at	at	ADP
fsr-3160	258	127	age	age	NOUN
fsr-3160	258	128	65	65	NUM
fsr-3160	258	129	spouse	spouse	NOUN
fsr-3160	258	130	’s	’s	PART
fsr-3160	258	131	pension	pension	NOUN
fsr-3160	258	132	and	and	CCONJ
fsr-3160	258	133	start	start	VERB
fsr-3160	258	134	age	age	NOUN
fsr-3160	258	135	$	$	SYM
fsr-3160	258	136	3,667	3,667	NUM
fsr-3160	258	137	at	at	ADP
fsr-3160	258	138	age	age	NOUN
fsr-3160	258	139	65	65	NUM
fsr-3160	258	140	stretch	stretch	NOUN
fsr-3160	258	141	tax	tax	NOUN
fsr-3160	258	142	-	-	PUNCT
fsr-3160	258	143	deferred	defer	VERB
fsr-3160	258	144	account	account	NOUN
fsr-3160	258	145	withdrawals	withdrawal	NOUN
fsr-3160	258	146	for	for	ADP
fsr-3160	258	147	10	10	NUM
fsr-3160	258	148	years	year	NOUN
fsr-3160	258	149	no	no	DET
fsr-3160	258	150	heir	heir	NOUN
fsr-3160	258	151	’s	’s	PART
fsr-3160	258	152	tax	tax	NOUN
fsr-3160	258	153	rate	rate	NOUN
fsr-3160	258	154	25	25	NUM
fsr-3160	258	155	%	%	NOUN
fsr-3160	258	156	inflation	inflation	NOUN
fsr-3160	258	157	2.1	2.1	NUM
fsr-3160	258	158	%	%	NOUN
fsr-3160	258	159	nominal	nominal	ADJ
fsr-3160	258	160	return	return	NOUN
fsr-3160	258	161	,	,	PUNCT
fsr-3160	258	162	stocks	stock	VERB
fsr-3160	258	163	7.2	7.2	NUM
fsr-3160	258	164	%	%	NOUN
fsr-3160	258	165	nominal	nominal	ADJ
fsr-3160	258	166	return	return	NOUN
fsr-3160	258	167	,	,	PUNCT
fsr-3160	258	168	bonds	bond	NOUN
fsr-3160	258	169	4	4	NUM
fsr-3160	258	170	%	%	NOUN
fsr-3160	258	171	stock	stock	NOUN
fsr-3160	258	172	dividend	dividend	NOUN
fsr-3160	258	173	rate	rate	NOUN
fsr-3160	258	174	2	2	NUM
fsr-3160	258	175	%	%	NOUN
fsr-3160	258	176	bond	bond	NOUN
fsr-3160	258	177	coupon	coupon	NOUN
fsr-3160	258	178	rate	rate	NOUN
fsr-3160	258	179	2.5	2.5	NUM
fsr-3160	258	180	%	%	NOUN
fsr-3160	258	181	234	234	NUM
fsr-3160	258	182	j.	j.	PROPN
fsr-3160	258	183	a.	a.	NOUN
fsr-3160	258	184	dilellio	dilellio	PROPN
fsr-3160	258	185	and	and	CCONJ
fsr-3160	258	186	a.	a.	PROPN
fsr-3160	258	187	simon	simon	PROPN
fsr-3160	258	188	/	/	SYM
fsr-3160	258	189	financial	financial	ADJ
fsr-3160	258	190	services	service	NOUN
fsr-3160	258	191	review	review	VERB
fsr-3160	258	192	30	30	NUM
fsr-3160	258	193	(	(	PUNCT
fsr-3160	258	194	2022	2022	NUM
fsr-3160	258	195	)	)	PUNCT
fsr-3160	258	196	223–249	223–249	NUM
fsr-3160	258	197	year	year	NOUN
fsr-3160	258	198	.	.	PUNCT
fsr-3160	259	1	there	there	PRON
fsr-3160	259	2	is	be	VERB
fsr-3160	259	3	also	also	ADV
fsr-3160	259	4	a	a	DET
fsr-3160	259	5	longer	long	ADJ
fsr-3160	259	6	duration	duration	NOUN
fsr-3160	259	7	of	of	ADP
fsr-3160	259	8	stock	stock	NOUN
fsr-3160	259	9	dividends	dividend	NOUN
fsr-3160	259	10	(	(	PUNCT
fsr-3160	259	11	gray	gray	ADJ
fsr-3160	259	12	)	)	PUNCT
fsr-3160	259	13	and	and	CCONJ
fsr-3160	259	14	bond	bond	NOUN
fsr-3160	259	15	interest	interest	NOUN
fsr-3160	259	16	(	(	PUNCT
fsr-3160	259	17	light	light	NOUN
fsr-3160	259	18	blue	blue	NOUN
fsr-3160	259	19	)	)	PUNCT
fsr-3160	259	20	contributing	contribute	VERB
fsr-3160	259	21	to	to	ADP
fsr-3160	259	22	retirement	retirement	NOUN
fsr-3160	259	23	income	income	NOUN
fsr-3160	259	24	needs	need	NOUN
fsr-3160	259	25	because	because	SCONJ
fsr-3160	259	26	the	the	DET
fsr-3160	259	27	taxable	taxable	ADJ
fsr-3160	259	28	account	account	NOUN
fsr-3160	259	29	assets	asset	NOUN
fsr-3160	259	30	are	be	AUX
fsr-3160	259	31	not	not	PART
fsr-3160	259	32	used	use	VERB
fsr-3160	259	33	up	up	ADP
fsr-3160	259	34	as	as	ADV
fsr-3160	259	35	quickly	quickly	ADV
fsr-3160	259	36	in	in	ADP
fsr-3160	259	37	the	the	DET
fsr-3160	259	38	lower	low	ADJ
fsr-3160	259	39	pane	pane	NOUN
fsr-3160	259	40	of	of	ADP
fsr-3160	259	41	fig	fig	NOUN
fsr-3160	259	42	.	.	PUNCT
fsr-3160	260	1	3	3	X
fsr-3160	260	2	.	.	X
fsr-3160	260	3	fig	fig	NOUN
fsr-3160	260	4	.	.	PUNCT
fsr-3160	261	1	4	4	NUM
fsr-3160	261	2	shows	show	VERB
fsr-3160	261	3	how	how	SCONJ
fsr-3160	261	4	up	up	ADP
fsr-3160	261	5	to	to	PART
fsr-3160	261	6	four	four	NUM
fsr-3160	261	7	different	different	ADJ
fsr-3160	261	8	taxes	taxis	NOUN
fsr-3160	261	9	are	be	AUX
fsr-3160	261	10	paid	pay	VERB
fsr-3160	261	11	each	each	DET
fsr-3160	261	12	year	year	NOUN
fsr-3160	261	13	of	of	ADP
fsr-3160	261	14	retirement	retirement	NOUN
fsr-3160	261	15	:	:	PUNCT
fsr-3160	261	16	two	two	NUM
fsr-3160	261	17	sources	source	NOUN
fsr-3160	261	18	of	of	ADP
fsr-3160	261	19	income	income	NOUN
fsr-3160	261	20	taxes	taxis	NOUN
fsr-3160	261	21	and	and	CCONJ
fsr-3160	261	22	two	two	NUM
fsr-3160	261	23	sources	source	NOUN
fsr-3160	261	24	of	of	ADP
fsr-3160	261	25	capital	capital	NOUN
fsr-3160	261	26	gains	gain	NOUN
fsr-3160	261	27	taxes	taxis	NOUN
fsr-3160	261	28	.	.	PUNCT
fsr-3160	262	1	in	in	ADP
fsr-3160	262	2	the	the	DET
fsr-3160	262	3	early	early	ADJ
fsr-3160	262	4	retirement	retirement	NOUN
fsr-3160	262	5	years	year	NOUN
fsr-3160	262	6	,	,	PUNCT
fsr-3160	262	7	using	use	VERB
fsr-3160	262	8	the	the	DET
fsr-3160	262	9	common	common	ADJ
fsr-3160	262	10	rule	rule	NOUN
fsr-3160	262	11	strategy	strategy	NOUN
fsr-3160	262	12	in	in	ADP
fsr-3160	262	13	the	the	DET
fsr-3160	262	14	upper	upper	ADJ
fsr-3160	262	15	pane	pane	NOUN
fsr-3160	262	16	,	,	PUNCT
fsr-3160	262	17	the	the	DET
fsr-3160	262	18	retiree	retiree	NOUN
fsr-3160	262	19	pays	pay	VERB
fsr-3160	262	20	very	very	ADV
fsr-3160	262	21	little	little	ADJ
fsr-3160	262	22	tax	tax	NOUN
fsr-3160	262	23	,	,	PUNCT
fsr-3160	262	24	because	because	SCONJ
fsr-3160	262	25	the	the	DET
fsr-3160	262	26	income	income	NOUN
fsr-3160	262	27	tax	tax	NOUN
fsr-3160	262	28	from	from	ADP
fsr-3160	262	29	ordinary	ordinary	ADJ
fsr-3160	262	30	income	income	NOUN
fsr-3160	262	31	barely	barely	ADV
fsr-3160	262	32	exceeds	exceed	VERB
fsr-3160	262	33	the	the	DET
fsr-3160	262	34	standard	standard	ADJ
fsr-3160	262	35	deduction	deduction	NOUN
fsr-3160	262	36	,	,	PUNCT
fsr-3160	262	37	and	and	CCONJ
fsr-3160	262	38	no	no	DET
fsr-3160	262	39	tax	tax	NOUN
fsr-3160	262	40	-	-	PUNCT
fsr-3160	262	41	deferred	defer	VERB
fsr-3160	262	42	account	account	NOUN
fsr-3160	262	43	withdrawals	withdrawal	NOUN
fsr-3160	262	44	occur	occur	VERB
fsr-3160	262	45	yet	yet	ADV
fsr-3160	262	46	.	.	PUNCT
fsr-3160	263	1	additionally	additionally	ADV
fsr-3160	263	2	,	,	PUNCT
fsr-3160	263	3	the	the	DET
fsr-3160	263	4	retiree	retiree	NOUN
fsr-3160	263	5	and	and	CCONJ
fsr-3160	263	6	spouse	spouse	NOUN
fsr-3160	263	7	can	can	AUX
fsr-3160	263	8	realize	realize	VERB
fsr-3160	263	9	gains	gain	NOUN
fsr-3160	263	10	by	by	ADP
fsr-3160	263	11	selling	sell	VERB
fsr-3160	263	12	stock	stock	NOUN
fsr-3160	263	13	and	and	CCONJ
fsr-3160	263	14	bond	bond	NOUN
fsr-3160	263	15	shares	share	NOUN
fsr-3160	263	16	in	in	ADP
fsr-3160	263	17	their	their	PRON
fsr-3160	263	18	taxable	taxable	ADJ
fsr-3160	263	19	brokerage	brokerage	NOUN
fsr-3160	263	20	account	account	NOUN
fsr-3160	263	21	that	that	SCONJ
fsr-3160	263	22	,	,	PUNCT
fsr-3160	263	23	with	with	ADP
fsr-3160	263	24	an	an	DET
fsr-3160	263	25	initial	initial	ADJ
fsr-3160	263	26	fraction	fraction	NOUN
fsr-3160	263	27	of	of	ADP
fsr-3160	263	28	their	their	PRON
fsr-3160	263	29	cost	cost	NOUN
fsr-3160	263	30	basis	basis	NOUN
fsr-3160	263	31	shown	show	VERB
fsr-3160	263	32	in	in	ADP
fsr-3160	263	33	table	table	NOUN
fsr-3160	263	34	1	1	NUM
fsr-3160	263	35	,	,	PUNCT
fsr-3160	263	36	does	do	AUX
fsr-3160	263	37	not	not	PART
fsr-3160	263	38	trigger	trigger	VERB
fsr-3160	263	39	any	any	DET
fsr-3160	263	40	long	long	ADJ
fsr-3160	263	41	-	-	PUNCT
fsr-3160	263	42	term	term	NOUN
fsr-3160	263	43	capital	capital	NOUN
fsr-3160	263	44	gains	gain	NOUN
fsr-3160	263	45	taxes	taxis	NOUN
fsr-3160	263	46	.	.	PUNCT
fsr-3160	264	1	this	this	DET
fsr-3160	264	2	fig	fig	NOUN
fsr-3160	264	3	.	.	PUNCT
fsr-3160	265	1	3	3	X
fsr-3160	265	2	.	.	X
fsr-3160	265	3	meeting	meet	VERB
fsr-3160	265	4	after	after	ADP
fsr-3160	265	5	-	-	PUNCT
fsr-3160	265	6	tax	tax	NOUN
fsr-3160	265	7	income	income	NOUN
fsr-3160	265	8	using	use	VERB
fsr-3160	265	9	the	the	DET
fsr-3160	265	10	common	common	ADJ
fsr-3160	265	11	rule	rule	NOUN
fsr-3160	265	12	withdrawal	withdrawal	NOUN
fsr-3160	265	13	strategy	strategy	NOUN
fsr-3160	265	14	(	(	PUNCT
fsr-3160	265	15	upper	upper	ADJ
fsr-3160	265	16	pane	pane	NOUN
fsr-3160	265	17	)	)	PUNCT
fsr-3160	265	18	and	and	CCONJ
fsr-3160	265	19	modified	modify	VERB
fsr-3160	265	20	common	common	ADJ
fsr-3160	265	21	rule	rule	NOUN
fsr-3160	265	22	withdrawal	withdrawal	NOUN
fsr-3160	265	23	strategy	strategy	NOUN
fsr-3160	265	24	(	(	PUNCT
fsr-3160	265	25	lower	lower	X
fsr-3160	265	26	pane	pane	NOUN
fsr-3160	265	27	)	)	PUNCT
fsr-3160	265	28	using	use	VERB
fsr-3160	265	29	variables	variable	NOUN
fsr-3160	265	30	in	in	ADP
fsr-3160	265	31	table	table	NOUN
fsr-3160	265	32	1	1	NUM
fsr-3160	265	33	.	.	PUNCT
fsr-3160	266	1	the	the	DET
fsr-3160	266	2	retiree	retiree	NOUN
fsr-3160	266	3	and	and	CCONJ
fsr-3160	266	4	spouse	spouse	NOUN
fsr-3160	266	5	exhaust	exhaust	NOUN
fsr-3160	266	6	all	all	DET
fsr-3160	266	7	their	their	PRON
fsr-3160	266	8	accounts	account	NOUN
fsr-3160	266	9	.	.	PUNCT
fsr-3160	267	1	j.	j.	PROPN
fsr-3160	267	2	a.	a.	PROPN
fsr-3160	267	3	dilellio	dilellio	PROPN
fsr-3160	267	4	and	and	CCONJ
fsr-3160	267	5	a.	a.	PROPN
fsr-3160	267	6	simon	simon	PROPN
fsr-3160	267	7	/	/	SYM
fsr-3160	267	8	financial	financial	ADJ
fsr-3160	267	9	services	service	NOUN
fsr-3160	267	10	review	review	VERB
fsr-3160	267	11	30	30	NUM
fsr-3160	267	12	(	(	PUNCT
fsr-3160	267	13	2022	2022	NUM
fsr-3160	267	14	)	)	PUNCT
fsr-3160	267	15	223–249	223–249	NUM
fsr-3160	267	16	235	235	NUM
fsr-3160	267	17	small	small	ADJ
fsr-3160	267	18	capital	capital	NOUN
fsr-3160	267	19	gains	gain	NOUN
fsr-3160	267	20	tax	tax	NOUN
fsr-3160	267	21	liability	liability	NOUN
fsr-3160	267	22	is	be	AUX
fsr-3160	267	23	thanks	thank	NOUN
fsr-3160	267	24	to	to	ADP
fsr-3160	267	25	the	the	DET
fsr-3160	267	26	fairly	fairly	ADV
fsr-3160	267	27	large	large	ADJ
fsr-3160	267	28	0	0	NUM
fsr-3160	267	29	%	%	NOUN
fsr-3160	267	30	capital	capital	NOUN
fsr-3160	267	31	gains	gain	NOUN
fsr-3160	267	32	bracket	bracket	NOUN
fsr-3160	267	33	that	that	PRON
fsr-3160	267	34	is	be	AUX
fsr-3160	267	35	mostly	mostly	ADV
fsr-3160	267	36	available	available	ADJ
fsr-3160	267	37	due	due	ADP
fsr-3160	267	38	to	to	ADP
fsr-3160	267	39	limited	limit	VERB
fsr-3160	267	40	ordinary	ordinary	ADJ
fsr-3160	267	41	income	income	NOUN
fsr-3160	267	42	.	.	PUNCT
fsr-3160	268	1	in	in	ADP
fsr-3160	268	2	the	the	DET
fsr-3160	268	3	years	year	NOUN
fsr-3160	268	4	5	5	NUM
fsr-3160	268	5	to	to	PART
fsr-3160	268	6	17	17	NUM
fsr-3160	268	7	,	,	PUNCT
fsr-3160	268	8	rmds	rmds	NOUN
fsr-3160	268	9	initiate	initiate	NOUN
fsr-3160	268	10	and	and	CCONJ
fsr-3160	268	11	are	be	AUX
fsr-3160	268	12	a	a	DET
fsr-3160	268	13	binding	bind	VERB
fsr-3160	268	14	constraint	constraint	NOUN
fsr-3160	268	15	.	.	PUNCT
fsr-3160	269	1	also	also	ADV
fsr-3160	269	2	,	,	PUNCT
fsr-3160	269	3	long	long	ADJ
fsr-3160	269	4	-	-	PUNCT
fsr-3160	269	5	term	term	NOUN
fsr-3160	269	6	capital	capital	NOUN
fsr-3160	269	7	gains	gain	NOUN
fsr-3160	269	8	are	be	AUX
fsr-3160	269	9	realized	realize	VERB
fsr-3160	269	10	above	above	ADP
fsr-3160	269	11	the	the	DET
fsr-3160	269	12	0	0	NUM
fsr-3160	269	13	%	%	NOUN
fsr-3160	269	14	capital	capital	NOUN
fsr-3160	269	15	gain	gain	NOUN
fsr-3160	269	16	rate	rate	NOUN
fsr-3160	269	17	,	,	PUNCT
fsr-3160	269	18	so	so	SCONJ
fsr-3160	269	19	taxes	taxis	NOUN
fsr-3160	269	20	become	become	VERB
fsr-3160	269	21	more	more	ADV
fsr-3160	269	22	significant	significant	ADJ
fsr-3160	269	23	.	.	PUNCT
fsr-3160	270	1	once	once	ADV
fsr-3160	270	2	the	the	DET
fsr-3160	270	3	retiree	retiree	NOUN
fsr-3160	270	4	exhausts	exhaust	VERB
fsr-3160	270	5	the	the	DET
fsr-3160	270	6	taxable	taxable	ADJ
fsr-3160	270	7	brokerage	brokerage	NOUN
fsr-3160	270	8	account	account	NOUN
fsr-3160	270	9	in	in	ADP
fsr-3160	270	10	year	year	NOUN
fsr-3160	270	11	18	18	NUM
fsr-3160	270	12	,	,	PUNCT
fsr-3160	270	13	retirement	retirement	NOUN
fsr-3160	270	14	income	income	NOUN
fsr-3160	270	15	shifts	shift	NOUN
fsr-3160	270	16	to	to	PART
fsr-3160	270	17	withdrawals	withdrawal	VERB
fsr-3160	270	18	entirely	entirely	ADV
fsr-3160	270	19	from	from	ADP
fsr-3160	270	20	the	the	DET
fsr-3160	270	21	tax	tax	NOUN
fsr-3160	270	22	-	-	PUNCT
fsr-3160	270	23	deferred	defer	VERB
fsr-3160	270	24	account	account	NOUN
fsr-3160	270	25	,	,	PUNCT
fsr-3160	270	26	significantly	significantly	ADV
fsr-3160	270	27	increasing	increase	VERB
fsr-3160	270	28	income	income	NOUN
fsr-3160	270	29	taxes	taxis	NOUN
fsr-3160	270	30	paid	pay	VERB
fsr-3160	270	31	in	in	ADP
fsr-3160	270	32	years	year	NOUN
fsr-3160	270	33	19–25	19–25	NUM
fsr-3160	270	34	.	.	PUNCT
fsr-3160	271	1	the	the	DET
fsr-3160	271	2	retiree	retiree	NOUN
fsr-3160	271	3	exhausts	exhaust	VERB
fsr-3160	271	4	the	the	DET
fsr-3160	271	5	tax	tax	NOUN
fsr-3160	271	6	-	-	PUNCT
fsr-3160	271	7	deferred	defer	VERB
fsr-3160	271	8	account	account	NOUN
fsr-3160	271	9	in	in	ADP
fsr-3160	271	10	year	year	NOUN
fsr-3160	271	11	26	26	NUM
fsr-3160	271	12	.	.	PUNCT
fsr-3160	272	1	in	in	ADP
fsr-3160	272	2	the	the	DET
fsr-3160	272	3	later	later	ADJ
fsr-3160	272	4	years	year	NOUN
fsr-3160	272	5	,	,	PUNCT
fsr-3160	272	6	taxable	taxable	ADJ
fsr-3160	272	7	income	income	NOUN
fsr-3160	272	8	barely	barely	ADV
fsr-3160	272	9	exceeds	exceed	VERB
fsr-3160	272	10	the	the	DET
fsr-3160	272	11	standard	standard	ADJ
fsr-3160	272	12	deduction	deduction	NOUN
fsr-3160	272	13	,	,	PUNCT
fsr-3160	272	14	thanks	thank	NOUN
fsr-3160	272	15	to	to	ADP
fsr-3160	272	16	the	the	DET
fsr-3160	272	17	funds	fund	NOUN
fsr-3160	272	18	from	from	ADP
fsr-3160	272	19	the	the	DET
fsr-3160	272	20	tax	tax	NOUN
fsr-3160	272	21	-	-	PUNCT
fsr-3160	272	22	exempt	exempt	ADJ
fsr-3160	272	23	account	account	NOUN
fsr-3160	272	24	,	,	PUNCT
fsr-3160	272	25	so	so	ADV
fsr-3160	272	26	minimal	minimal	ADJ
fsr-3160	272	27	taxes	taxis	NOUN
fsr-3160	272	28	are	be	AUX
fsr-3160	272	29	due	due	ADJ
fsr-3160	272	30	.	.	PUNCT
fsr-3160	273	1	the	the	DET
fsr-3160	273	2	lower	low	ADJ
fsr-3160	273	3	pane	pane	NOUN
fsr-3160	273	4	of	of	ADP
fsr-3160	273	5	fig	fig	NOUN
fsr-3160	273	6	.	.	PUNCT
fsr-3160	274	1	4	4	NUM
fsr-3160	274	2	shows	show	VERB
fsr-3160	274	3	how	how	SCONJ
fsr-3160	274	4	shifting	shift	VERB
fsr-3160	274	5	taxes	taxis	NOUN
fsr-3160	274	6	to	to	ADP
fsr-3160	274	7	earlier	early	ADJ
fsr-3160	274	8	years	year	NOUN
fsr-3160	274	9	increased	increase	VERB
fsr-3160	274	10	the	the	DET
fsr-3160	274	11	portfolio	portfolio	NOUN
fsr-3160	274	12	longevity	longevity	NOUN
fsr-3160	274	13	.	.	PUNCT
fsr-3160	275	1	in	in	ADP
fsr-3160	275	2	years	year	NOUN
fsr-3160	275	3	1–10	1–10	NOUN
fsr-3160	275	4	,	,	PUNCT
fsr-3160	275	5	the	the	DET
fsr-3160	275	6	retiree	retiree	NOUN
fsr-3160	275	7	uses	use	VERB
fsr-3160	275	8	tax	tax	NOUN
fsr-3160	275	9	-	-	PUNCT
fsr-3160	275	10	deferred	defer	VERB
fsr-3160	275	11	funds	fund	NOUN
fsr-3160	275	12	instead	instead	ADV
fsr-3160	275	13	of	of	ADP
fsr-3160	275	14	taxable	taxable	ADJ
fsr-3160	275	15	brokerage	brokerage	NOUN
fsr-3160	275	16	account	account	NOUN
fsr-3160	275	17	funds	fund	NOUN
fsr-3160	275	18	.	.	PUNCT
fsr-3160	276	1	the	the	DET
fsr-3160	276	2	modified	modify	VERB
fsr-3160	276	3	common	common	ADJ
fsr-3160	276	4	rule	rule	NOUN
fsr-3160	276	5	withdrawal	withdrawal	NOUN
fsr-3160	276	6	strategy	strategy	NOUN
fsr-3160	276	7	identifies	identify	VERB
fsr-3160	276	8	their	their	PRON
fsr-3160	276	9	use	use	NOUN
fsr-3160	276	10	because	because	SCONJ
fsr-3160	276	11	fig	fig	NOUN
fsr-3160	276	12	.	.	PUNCT
fsr-3160	277	1	4	4	X
fsr-3160	277	2	.	.	X
fsr-3160	277	3	taxes	taxis	NOUN
fsr-3160	277	4	paid	pay	VERB
fsr-3160	277	5	with	with	ADP
fsr-3160	277	6	the	the	DET
fsr-3160	277	7	common	common	ADJ
fsr-3160	277	8	rule	rule	NOUN
fsr-3160	277	9	and	and	CCONJ
fsr-3160	277	10	modified	modify	VERB
fsr-3160	277	11	common	common	ADJ
fsr-3160	277	12	rule	rule	NOUN
fsr-3160	277	13	withdrawal	withdrawal	NOUN
fsr-3160	277	14	strategies	strategy	NOUN
fsr-3160	277	15	using	use	VERB
fsr-3160	277	16	conditions	condition	NOUN
fsr-3160	277	17	in	in	ADP
fsr-3160	277	18	table	table	NOUN
fsr-3160	277	19	1	1	NUM
fsr-3160	277	20	.	.	PUNCT
fsr-3160	278	1	the	the	DET
fsr-3160	278	2	retiree	retiree	NOUN
fsr-3160	278	3	and	and	CCONJ
fsr-3160	278	4	spouse	spouse	NOUN
fsr-3160	278	5	exhaust	exhaust	NOUN
fsr-3160	278	6	all	all	DET
fsr-3160	278	7	their	their	PRON
fsr-3160	278	8	accounts	account	NOUN
fsr-3160	278	9	.	.	PUNCT
fsr-3160	279	1	236	236	NUM
fsr-3160	279	2	j.	j.	PROPN
fsr-3160	279	3	a.	a.	NOUN
fsr-3160	279	4	dilellio	dilellio	PROPN
fsr-3160	279	5	and	and	CCONJ
fsr-3160	279	6	a.	a.	PROPN
fsr-3160	279	7	simon	simon	PROPN
fsr-3160	279	8	/	/	SYM
fsr-3160	279	9	financial	financial	ADJ
fsr-3160	279	10	services	service	NOUN
fsr-3160	279	11	review	review	VERB
fsr-3160	279	12	30	30	NUM
fsr-3160	279	13	(	(	PUNCT
fsr-3160	279	14	2022	2022	NUM
fsr-3160	279	15	)	)	PUNCT
fsr-3160	280	1	223–249	223–249	NUM
fsr-3160	280	2	they	they	PRON
fsr-3160	280	3	are	be	AUX
fsr-3160	280	4	more	more	ADV
fsr-3160	280	5	efficient	efficient	ADJ
fsr-3160	280	6	than	than	ADP
fsr-3160	280	7	the	the	DET
fsr-3160	280	8	possible	possible	ADJ
fsr-3160	280	9	transfer	transfer	NOUN
fsr-3160	280	10	to	to	ADP
fsr-3160	280	11	the	the	DET
fsr-3160	280	12	heir	heir	NOUN
fsr-3160	280	13	,	,	PUNCT
fsr-3160	280	14	whose	whose	DET
fsr-3160	280	15	tax	tax	NOUN
fsr-3160	280	16	rate	rate	NOUN
fsr-3160	280	17	is	be	AUX
fsr-3160	280	18	assumed	assume	VERB
fsr-3160	280	19	at	at	ADP
fsr-3160	280	20	25	25	NUM
fsr-3160	280	21	%	%	NOUN
fsr-3160	280	22	in	in	ADP
fsr-3160	280	23	table	table	NOUN
fsr-3160	280	24	1	1	NUM
fsr-3160	280	25	.	.	PUNCT
fsr-3160	281	1	then	then	ADV
fsr-3160	281	2	,	,	PUNCT
fsr-3160	281	3	in	in	ADP
fsr-3160	281	4	the	the	DET
fsr-3160	281	5	later	later	ADJ
fsr-3160	281	6	years	year	NOUN
fsr-3160	281	7	,	,	PUNCT
fsr-3160	281	8	the	the	DET
fsr-3160	281	9	retiree	retiree	NOUN
fsr-3160	281	10	pays	pay	VERB
fsr-3160	281	11	some	some	DET
fsr-3160	281	12	long	long	ADJ
fsr-3160	281	13	-	-	PUNCT
fsr-3160	281	14	term	term	NOUN
fsr-3160	281	15	capital	capital	NOUN
fsr-3160	281	16	gains	gain	NOUN
fsr-3160	281	17	taxes	taxis	NOUN
fsr-3160	281	18	,	,	PUNCT
fsr-3160	281	19	along	along	ADP
fsr-3160	281	20	with	with	ADP
fsr-3160	281	21	a	a	DET
fsr-3160	281	22	small	small	ADJ
fsr-3160	281	23	amount	amount	NOUN
fsr-3160	281	24	of	of	ADP
fsr-3160	281	25	income	income	NOUN
fsr-3160	281	26	tax	tax	NOUN
fsr-3160	281	27	.	.	PUNCT
fsr-3160	282	1	after	after	ADP
fsr-3160	282	2	year	year	NOUN
fsr-3160	282	3	31	31	NUM
fsr-3160	282	4	,	,	PUNCT
fsr-3160	282	5	the	the	DET
fsr-3160	282	6	taxes	taxis	NOUN
fsr-3160	282	7	paid	pay	VERB
fsr-3160	282	8	are	be	AUX
fsr-3160	282	9	identical	identical	ADJ
fsr-3160	282	10	to	to	ADP
fsr-3160	282	11	the	the	DET
fsr-3160	282	12	common	common	ADJ
fsr-3160	282	13	rule	rule	NOUN
fsr-3160	282	14	withdrawal	withdrawal	NOUN
fsr-3160	282	15	strategy	strategy	NOUN
fsr-3160	282	16	.	.	PUNCT
fsr-3160	283	1	therefore	therefore	ADV
fsr-3160	283	2	,	,	PUNCT
fsr-3160	283	3	a	a	DET
fsr-3160	283	4	key	key	ADJ
fsr-3160	283	5	insight	insight	NOUN
fsr-3160	283	6	here	here	ADV
fsr-3160	283	7	is	be	AUX
fsr-3160	283	8	that	that	SCONJ
fsr-3160	283	9	portfolio	portfolio	NOUN
fsr-3160	283	10	longevity	longevity	NOUN
fsr-3160	283	11	increases	increase	VERB
fsr-3160	283	12	if	if	SCONJ
fsr-3160	283	13	one	one	PRON
fsr-3160	283	14	defies	defy	VERB
fsr-3160	283	15	conventional	conventional	ADJ
fsr-3160	283	16	wisdom	wisdom	NOUN
fsr-3160	283	17	to	to	PART
fsr-3160	283	18	always	always	ADV
fsr-3160	283	19	defer	defer	VERB
fsr-3160	283	20	taxes	taxis	NOUN
fsr-3160	283	21	until	until	ADP
fsr-3160	283	22	future	future	ADJ
fsr-3160	283	23	years	year	NOUN
fsr-3160	283	24	.	.	PUNCT
fsr-3160	284	1	these	these	DET
fsr-3160	284	2	results	result	NOUN
fsr-3160	284	3	demonstrate	demonstrate	VERB
fsr-3160	284	4	that	that	SCONJ
fsr-3160	284	5	withdrawing	withdraw	VERB
fsr-3160	284	6	from	from	ADP
fsr-3160	284	7	the	the	DET
fsr-3160	284	8	tax	tax	NOUN
fsr-3160	284	9	-	-	PUNCT
fsr-3160	284	10	deferred	defer	VERB
fsr-3160	284	11	account	account	NOUN
fsr-3160	284	12	earlier	early	ADV
fsr-3160	284	13	than	than	SCONJ
fsr-3160	284	14	the	the	DET
fsr-3160	284	15	rmds	rmds	NOUN
fsr-3160	284	16	suggest	suggest	VERB
fsr-3160	284	17	can	can	AUX
fsr-3160	284	18	provide	provide	VERB
fsr-3160	284	19	real	real	ADJ
fsr-3160	284	20	benefits	benefit	NOUN
fsr-3160	284	21	.	.	PUNCT
fsr-3160	285	1	in	in	ADP
fsr-3160	285	2	this	this	DET
fsr-3160	285	3	case	case	NOUN
fsr-3160	285	4	,	,	PUNCT
fsr-3160	285	5	the	the	DET
fsr-3160	285	6	longevity	longevity	NOUN
fsr-3160	285	7	increased	increase	VERB
fsr-3160	285	8	by	by	ADP
fsr-3160	285	9	about	about	ADV
fsr-3160	285	10	3	3	NUM
fsr-3160	285	11	years	year	NOUN
fsr-3160	285	12	.	.	PUNCT
fsr-3160	286	1	or	or	CCONJ
fsr-3160	286	2	,	,	PUNCT
fsr-3160	286	3	in	in	ADP
fsr-3160	286	4	terms	term	NOUN
fsr-3160	286	5	of	of	ADP
fsr-3160	286	6	investment	investment	NOUN
fsr-3160	286	7	returns	return	NOUN
fsr-3160	286	8	,	,	PUNCT
fsr-3160	286	9	provides	provide	VERB
fsr-3160	286	10	a	a	DET
fsr-3160	286	11	tax	tax	NOUN
fsr-3160	286	12	alpha	alpha	NOUN
fsr-3160	286	13	of	of	ADP
fsr-3160	286	14	about	about	ADV
fsr-3160	286	15	0.35	0.35	NUM
fsr-3160	286	16	%	%	NOUN
fsr-3160	286	17	.	.	PUNCT
fsr-3160	287	1	in	in	ADP
fsr-3160	287	2	the	the	DET
fsr-3160	287	3	sensitivity	sensitivity	NOUN
fsr-3160	287	4	section	section	NOUN
fsr-3160	287	5	that	that	PRON
fsr-3160	287	6	follows	follow	VERB
fsr-3160	287	7	,	,	PUNCT
fsr-3160	287	8	we	we	PRON
fsr-3160	287	9	show	show	VERB
fsr-3160	287	10	that	that	SCONJ
fsr-3160	287	11	these	these	DET
fsr-3160	287	12	results	result	NOUN
fsr-3160	287	13	are	be	AUX
fsr-3160	287	14	mostly	mostly	ADV
fsr-3160	287	15	generalizable	generalizable	ADJ
fsr-3160	287	16	across	across	ADP
fsr-3160	287	17	several	several	ADJ
fsr-3160	287	18	varying	vary	VERB
fsr-3160	287	19	conditions	condition	NOUN
fsr-3160	287	20	changed	change	VERB
fsr-3160	287	21	from	from	ADP
fsr-3160	287	22	table	table	NOUN
fsr-3160	287	23	1	1	NUM
fsr-3160	287	24	.	.	PUNCT
fsr-3160	287	25	4.2	4.2	NUM
fsr-3160	287	26	.	.	PUNCT
fsr-3160	288	1	retiree	retiree	NOUN
fsr-3160	288	2	and	and	CCONJ
fsr-3160	288	3	spouse	spouse	NOUN
fsr-3160	288	4	have	have	VERB
fsr-3160	288	5	sufficient	sufficient	ADJ
fsr-3160	288	6	funds	fund	NOUN
fsr-3160	288	7	for	for	ADP
fsr-3160	288	8	their	their	PRON
fsr-3160	288	9	retirement	retirement	NOUN
fsr-3160	288	10	in	in	ADP
fsr-3160	288	11	this	this	DET
fsr-3160	288	12	case	case	NOUN
fsr-3160	288	13	,	,	PUNCT
fsr-3160	288	14	the	the	DET
fsr-3160	288	15	retiree	retiree	NOUN
fsr-3160	288	16	has	have	VERB
fsr-3160	288	17	a	a	DET
fsr-3160	288	18	sufficient	sufficient	ADJ
fsr-3160	288	19	,	,	PUNCT
fsr-3160	288	20	but	but	CCONJ
fsr-3160	288	21	not	not	PART
fsr-3160	288	22	excessive	excessive	ADJ
fsr-3160	288	23	,	,	PUNCT
fsr-3160	288	24	net	net	ADJ
fsr-3160	288	25	worth	worth	NOUN
fsr-3160	288	26	.	.	PUNCT
fsr-3160	289	1	recall	recall	NOUN
fsr-3160	289	2	,	,	PUNCT
fsr-3160	289	3	sufficient	sufficient	ADJ
fsr-3160	289	4	retirement	retirement	NOUN
fsr-3160	289	5	funds	fund	NOUN
fsr-3160	289	6	mean	mean	VERB
fsr-3160	289	7	assets	asset	NOUN
fsr-3160	289	8	must	must	AUX
fsr-3160	289	9	be	be	AUX
fsr-3160	289	10	drawn	draw	VERB
fsr-3160	289	11	down	down	ADP
fsr-3160	289	12	at	at	ADP
fsr-3160	289	13	some	some	DET
fsr-3160	289	14	point	point	NOUN
fsr-3160	289	15	in	in	ADP
fsr-3160	289	16	retirement	retirement	NOUN
fsr-3160	289	17	.	.	PUNCT
fsr-3160	290	1	excessive	excessive	ADJ
fsr-3160	290	2	means	mean	VERB
fsr-3160	290	3	that	that	SCONJ
fsr-3160	290	4	interest	interest	NOUN
fsr-3160	290	5	,	,	PUNCT
fsr-3160	290	6	coupons	coupon	NOUN
fsr-3160	290	7	,	,	PUNCT
fsr-3160	290	8	and	and	CCONJ
fsr-3160	290	9	dividends	dividend	NOUN
fsr-3160	290	10	,	,	PUNCT
fsr-3160	290	11	along	along	ADP
fsr-3160	290	12	with	with	ADP
fsr-3160	290	13	rmds	rmds	NOUN
fsr-3160	290	14	,	,	PUNCT
fsr-3160	290	15	exceed	exceed	VERB
fsr-3160	290	16	the	the	DET
fsr-3160	290	17	retiree	retiree	NOUN
fsr-3160	290	18	’s	’s	PART
fsr-3160	290	19	income	income	NOUN
fsr-3160	290	20	needs	need	NOUN
fsr-3160	290	21	at	at	ADP
fsr-3160	290	22	some	some	DET
fsr-3160	290	23	point	point	NOUN
fsr-3160	290	24	during	during	ADP
fsr-3160	290	25	retirement	retirement	NOUN
fsr-3160	290	26	.	.	PUNCT
fsr-3160	291	1	therefore	therefore	ADV
fsr-3160	291	2	,	,	PUNCT
fsr-3160	291	3	there	there	PRON
fsr-3160	291	4	is	be	VERB
fsr-3160	291	5	an	an	DET
fsr-3160	291	6	opportunity	opportunity	NOUN
fsr-3160	291	7	to	to	PART
fsr-3160	291	8	increase	increase	VERB
fsr-3160	291	9	their	their	PRON
fsr-3160	291	10	bequest	bequest	NOUN
fsr-3160	291	11	.	.	PUNCT
fsr-3160	292	1	the	the	DET
fsr-3160	292	2	retiree	retiree	NOUN
fsr-3160	292	3	and	and	CCONJ
fsr-3160	292	4	spouse	spouse	NOUN
fsr-3160	292	5	’s	’s	PART
fsr-3160	292	6	assumptions	assumption	NOUN
fsr-3160	292	7	are	be	AUX
fsr-3160	292	8	identical	identical	ADJ
fsr-3160	292	9	to	to	ADP
fsr-3160	292	10	the	the	DET
fsr-3160	292	11	values	value	NOUN
fsr-3160	292	12	appearing	appear	VERB
fsr-3160	292	13	in	in	ADP
fsr-3160	292	14	table	table	NOUN
fsr-3160	292	15	1	1	NUM
fsr-3160	292	16	,	,	PUNCT
fsr-3160	292	17	except	except	SCONJ
fsr-3160	292	18	we	we	PRON
fsr-3160	292	19	reduced	reduce	VERB
fsr-3160	292	20	the	the	DET
fsr-3160	292	21	retirement	retirement	NOUN
fsr-3160	292	22	horizons	horizon	NOUN
fsr-3160	292	23	to	to	ADP
fsr-3160	292	24	15	15	NUM
fsr-3160	292	25	years	year	NOUN
fsr-3160	292	26	(	(	PUNCT
fsr-3160	292	27	retiree	retiree	NOUN
fsr-3160	292	28	)	)	PUNCT
fsr-3160	292	29	and	and	CCONJ
fsr-3160	292	30	20	20	NUM
fsr-3160	292	31	years	year	NOUN
fsr-3160	292	32	(	(	PUNCT
fsr-3160	292	33	spouse	spouse	NOUN
fsr-3160	292	34	)	)	PUNCT
fsr-3160	292	35	.	.	PUNCT
fsr-3160	293	1	table	table	NOUN
fsr-3160	293	2	2	2	NUM
fsr-3160	293	3	summarizes	summarize	NOUN
fsr-3160	293	4	the	the	DET
fsr-3160	293	5	final	final	ADJ
fsr-3160	293	6	account	account	NOUN
fsr-3160	293	7	values	value	NOUN
fsr-3160	293	8	under	under	ADP
fsr-3160	293	9	three	three	NUM
fsr-3160	293	10	withdrawal	withdrawal	NOUN
fsr-3160	293	11	strategies	strategy	NOUN
fsr-3160	293	12	.	.	PUNCT
fsr-3160	294	1	it	it	PRON
fsr-3160	294	2	shows	show	VERB
fsr-3160	294	3	that	that	SCONJ
fsr-3160	294	4	the	the	DET
fsr-3160	294	5	increase	increase	NOUN
fsr-3160	294	6	in	in	ADP
fsr-3160	294	7	wealth	wealth	NOUN
fsr-3160	294	8	transfer	transfer	NOUN
fsr-3160	294	9	to	to	ADP
fsr-3160	294	10	non	non	ADJ
fsr-3160	294	11	-	-	ADJ
fsr-3160	294	12	spouse	spouse	ADJ
fsr-3160	294	13	heirs	heir	NOUN
fsr-3160	294	14	is	be	AUX
fsr-3160	294	15	22	22	NUM
fsr-3160	294	16	%	%	NOUN
fsr-3160	294	17	larger	large	ADJ
fsr-3160	294	18	with	with	ADP
fsr-3160	294	19	the	the	DET
fsr-3160	294	20	slsqp	slsqp	PROPN
fsr-3160	294	21	withdrawal	withdrawal	NOUN
fsr-3160	294	22	strategy	strategy	NOUN
fsr-3160	294	23	over	over	ADP
fsr-3160	294	24	common	common	ADJ
fsr-3160	294	25	rule	rule	NOUN
fsr-3160	294	26	.	.	PUNCT
fsr-3160	295	1	for	for	ADP
fsr-3160	295	2	the	the	DET
fsr-3160	295	3	common	common	ADJ
fsr-3160	295	4	rule	rule	NOUN
fsr-3160	295	5	strategy	strategy	NOUN
fsr-3160	295	6	to	to	PART
fsr-3160	295	7	produce	produce	VERB
fsr-3160	295	8	the	the	DET
fsr-3160	295	9	same	same	ADJ
fsr-3160	295	10	wealth	wealth	NOUN
fsr-3160	295	11	transfer	transfer	NOUN
fsr-3160	295	12	amount	amount	NOUN
fsr-3160	295	13	as	as	ADP
fsr-3160	295	14	the	the	DET
fsr-3160	295	15	slsqp	slsqp	PROPN
fsr-3160	295	16	strategy	strategy	NOUN
fsr-3160	295	17	,	,	PUNCT
fsr-3160	295	18	asset	asset	NOUN
fsr-3160	295	19	returns	return	NOUN
fsr-3160	295	20	would	would	AUX
fsr-3160	295	21	need	need	VERB
fsr-3160	295	22	to	to	PART
fsr-3160	295	23	increase	increase	VERB
fsr-3160	295	24	by	by	ADP
fsr-3160	295	25	0.54	0.54	NUM
fsr-3160	295	26	%	%	NOUN
fsr-3160	295	27	per	per	ADP
fsr-3160	295	28	year	year	NOUN
fsr-3160	295	29	.	.	PUNCT
fsr-3160	296	1	the	the	DET
fsr-3160	296	2	drawdown	drawdown	NOUN
fsr-3160	296	3	decisions	decision	NOUN
fsr-3160	296	4	for	for	ADP
fsr-3160	296	5	the	the	DET
fsr-3160	296	6	common	common	ADJ
fsr-3160	296	7	rule	rule	NOUN
fsr-3160	296	8	and	and	CCONJ
fsr-3160	296	9	slsqp	slsqp	ADJ
fsr-3160	296	10	withdrawal	withdrawal	NOUN
fsr-3160	296	11	strategies	strategy	NOUN
fsr-3160	296	12	appear	appear	VERB
fsr-3160	296	13	in	in	ADP
fsr-3160	296	14	fig	fig	NOUN
fsr-3160	296	15	.	.	PUNCT
fsr-3160	297	1	5	5	NUM
fsr-3160	297	2	upper	upper	ADJ
fsr-3160	297	3	and	and	CCONJ
fsr-3160	297	4	lower	low	ADJ
fsr-3160	297	5	panes	pane	NOUN
fsr-3160	297	6	.	.	PUNCT
fsr-3160	298	1	there	there	PRON
fsr-3160	298	2	are	be	VERB
fsr-3160	298	3	several	several	ADJ
fsr-3160	298	4	unique	unique	ADJ
fsr-3160	298	5	differences	difference	NOUN
fsr-3160	298	6	in	in	ADP
fsr-3160	298	7	these	these	DET
fsr-3160	298	8	decisions	decision	NOUN
fsr-3160	298	9	.	.	PUNCT
fsr-3160	299	1	first	first	ADV
fsr-3160	299	2	,	,	PUNCT
fsr-3160	299	3	for	for	ADP
fsr-3160	299	4	the	the	DET
fsr-3160	299	5	slsqp	slsqp	PROPN
fsr-3160	299	6	withdrawal	withdrawal	NOUN
fsr-3160	299	7	strategy	strategy	NOUN
fsr-3160	299	8	,	,	PUNCT
fsr-3160	299	9	tax	tax	NOUN
fsr-3160	299	10	-	-	PUNCT
fsr-3160	299	11	deferred	defer	VERB
fsr-3160	299	12	account	account	NOUN
fsr-3160	299	13	withdrawals	withdrawal	NOUN
fsr-3160	299	14	(	(	PUNCT
fsr-3160	299	15	in	in	ADP
fsr-3160	299	16	blue	blue	ADJ
fsr-3160	299	17	)	)	PUNCT
fsr-3160	299	18	occur	occur	VERB
fsr-3160	299	19	much	much	ADV
fsr-3160	299	20	earlier	early	ADV
fsr-3160	299	21	,	,	PUNCT
fsr-3160	299	22	so	so	CCONJ
fsr-3160	299	23	rmds	rmds	NOUN
fsr-3160	299	24	are	be	AUX
fsr-3160	299	25	no	no	ADV
fsr-3160	299	26	longer	long	ADV
fsr-3160	299	27	binding	bind	VERB
fsr-3160	299	28	constraints	constraint	NOUN
fsr-3160	299	29	.	.	PUNCT
fsr-3160	300	1	also	also	ADV
fsr-3160	300	2	,	,	PUNCT
fsr-3160	300	3	tax	tax	NOUN
fsr-3160	300	4	-	-	PUNCT
fsr-3160	300	5	deferred	defer	VERB
fsr-3160	300	6	account	account	NOUN
fsr-3160	300	7	withdrawals	withdrawal	NOUN
fsr-3160	300	8	occur	occur	VERB
fsr-3160	300	9	throughout	throughout	ADP
fsr-3160	300	10	retirement	retirement	NOUN
fsr-3160	300	11	,	,	PUNCT
fsr-3160	300	12	helping	help	VERB
fsr-3160	300	13	to	to	PART
fsr-3160	300	14	prevent	prevent	VERB
fsr-3160	300	15	a	a	DET
fsr-3160	300	16	higher	high	ADJ
fsr-3160	300	17	level	level	NOUN
fsr-3160	300	18	of	of	ADP
fsr-3160	300	19	income	income	NOUN
fsr-3160	300	20	tax	tax	NOUN
fsr-3160	300	21	in	in	ADP
fsr-3160	300	22	the	the	DET
fsr-3160	300	23	later	later	ADJ
fsr-3160	300	24	years	year	NOUN
fsr-3160	300	25	,	,	PUNCT
fsr-3160	300	26	especially	especially	ADV
fsr-3160	300	27	for	for	ADP
fsr-3160	300	28	the	the	DET
fsr-3160	300	29	surviving	surviving	NOUN
fsr-3160	300	30	spouse	spouse	NOUN
fsr-3160	300	31	filing	filing	NOUN
fsr-3160	300	32	as	as	ADV
fsr-3160	300	33	single	single	ADJ
fsr-3160	300	34	in	in	ADP
fsr-3160	300	35	years	year	NOUN
fsr-3160	300	36	16–20	16–20	NUM
fsr-3160	300	37	.	.	PUNCT
fsr-3160	301	1	lastly	lastly	ADV
fsr-3160	301	2	,	,	PUNCT
fsr-3160	301	3	the	the	DET
fsr-3160	301	4	retiree	retiree	NOUN
fsr-3160	301	5	uses	use	VERB
fsr-3160	301	6	the	the	DET
fsr-3160	301	7	taxable	taxable	ADJ
fsr-3160	301	8	brokerage	brokerage	NOUN
fsr-3160	301	9	account	account	NOUN
fsr-3160	301	10	much	much	ADV
fsr-3160	301	11	more	more	ADV
fsr-3160	301	12	sparingly	sparingly	ADV
fsr-3160	301	13	so	so	SCONJ
fsr-3160	301	14	that	that	SCONJ
fsr-3160	301	15	the	the	DET
fsr-3160	301	16	heir	heir	NOUN
fsr-3160	301	17	can	can	AUX
fsr-3160	301	18	realize	realize	VERB
fsr-3160	301	19	the	the	DET
fsr-3160	301	20	step	step	NOUN
fsr-3160	301	21	-	-	PUNCT
fsr-3160	301	22	up	up	NOUN
fsr-3160	301	23	in	in	ADP
fsr-3160	301	24	cost	cost	NOUN
fsr-3160	301	25	basis	basis	NOUN
fsr-3160	301	26	from	from	ADP
fsr-3160	301	27	this	this	DET
fsr-3160	301	28	account	account	NOUN
fsr-3160	301	29	.	.	PUNCT
fsr-3160	302	1	table	table	NOUN
fsr-3160	302	2	2	2	NUM
fsr-3160	302	3	account	account	NOUN
fsr-3160	302	4	balances	balance	NOUN
fsr-3160	302	5	at	at	ADP
fsr-3160	302	6	the	the	DET
fsr-3160	302	7	end	end	NOUN
fsr-3160	302	8	of	of	ADP
fsr-3160	302	9	retirement	retirement	NOUN
fsr-3160	302	10	for	for	ADP
fsr-3160	302	11	common	common	ADJ
fsr-3160	302	12	rule	rule	NOUN
fsr-3160	302	13	,	,	PUNCT
fsr-3160	302	14	modified	modify	VERB
fsr-3160	302	15	common	common	ADJ
fsr-3160	302	16	rule	rule	NOUN
fsr-3160	302	17	,	,	PUNCT
fsr-3160	302	18	and	and	CCONJ
fsr-3160	302	19	slsqp	slsqp	PROPN
fsr-3160	302	20	withdrawals	withdrawal	NOUN
fsr-3160	302	21	when	when	SCONJ
fsr-3160	302	22	the	the	DET
fsr-3160	302	23	retiree	retiree	NOUN
fsr-3160	302	24	and	and	CCONJ
fsr-3160	302	25	spouse	spouse	NOUN
fsr-3160	302	26	have	have	VERB
fsr-3160	302	27	sufficient	sufficient	ADJ
fsr-3160	302	28	,	,	PUNCT
fsr-3160	302	29	but	but	CCONJ
fsr-3160	302	30	not	not	PART
fsr-3160	302	31	excessive	excessive	ADJ
fsr-3160	302	32	,	,	PUNCT
fsr-3160	302	33	funds	fund	NOUN
fsr-3160	302	34	for	for	ADP
fsr-3160	302	35	retirement	retirement	NOUN
fsr-3160	302	36	strategy	strategy	NOUN
fsr-3160	302	37	taxdeferred	taxdeferre	VERB
fsr-3160	302	38	account	account	NOUN
fsr-3160	302	39	,	,	PUNCT
fsr-3160	302	40	retiree	retiree	NOUN
fsr-3160	302	41	tax	tax	NOUN
fsr-3160	302	42	-	-	PUNCT
fsr-3160	302	43	exempt	exempt	ADJ
fsr-3160	302	44	account	account	NOUN
fsr-3160	302	45	,	,	PUNCT
fsr-3160	302	46	retiree	retiree	NOUN
fsr-3160	302	47	taxable	taxable	ADJ
fsr-3160	302	48	brokerage	brokerage	NOUN
fsr-3160	302	49	balance	balance	NOUN
fsr-3160	302	50	tax	tax	NOUN
fsr-3160	302	51	-	-	PUNCT
fsr-3160	302	52	deferred	defer	VERB
fsr-3160	302	53	account	account	NOUN
fsr-3160	302	54	,	,	PUNCT
fsr-3160	302	55	spouse	spouse	NOUN
fsr-3160	302	56	tax	tax	NOUN
fsr-3160	302	57	-	-	PUNCT
fsr-3160	302	58	exempt	exempt	ADJ
fsr-3160	302	59	account	account	NOUN
fsr-3160	302	60	balance	balance	NOUN
fsr-3160	302	61	,	,	PUNCT
fsr-3160	302	62	spouse	spouse	NOUN
fsr-3160	302	63	wealth	wealth	NOUN
fsr-3160	302	64	transfer	transfer	NOUN
fsr-3160	302	65	to	to	ADP
fsr-3160	302	66	heirs	heir	NOUN
fsr-3160	302	67	common	common	ADJ
fsr-3160	302	68	rule	rule	NOUN
fsr-3160	302	69	$	$	SYM
fsr-3160	302	70	461,937	461,937	NUM
fsr-3160	302	71	$	$	SYM
fsr-3160	302	72	798,355	798,355	NUM
fsr-3160	303	1	$	$	SYM
fsr-3160	303	2	0	0	NUM
fsr-3160	303	3	$	$	SYM
fsr-3160	303	4	57,742	57,742	NUM
fsr-3160	303	5	$	$	SYM
fsr-3160	303	6	99,794	99,794	NUM
fsr-3160	303	7	$	$	SYM
fsr-3160	303	8	1,287,908	1,287,908	NUM
fsr-3160	303	9	modified	modify	VERB
fsr-3160	303	10	common	common	ADJ
fsr-3160	303	11	rule	rule	NOUN
fsr-3160	303	12	$	$	SYM
fsr-3160	303	13	0	0	NUM
fsr-3160	303	14	$	$	SYM
fsr-3160	303	15	798,355	798,355	NUM
fsr-3160	303	16	$	$	SYM
fsr-3160	303	17	632,418	632,418	NUM
fsr-3160	303	18	$	$	SYM
fsr-3160	303	19	0	0	NUM
fsr-3160	303	20	$	$	SYM
fsr-3160	303	21	99,794	99,794	NUM
fsr-3160	303	22	$	$	SYM
fsr-3160	303	23	1,530,567	1,530,567	NUM
fsr-3160	303	24	slsqp	slsqp	NOUN
fsr-3160	303	25	$	$	SYM
fsr-3160	303	26	20,186	20,186	NUM
fsr-3160	303	27	$	$	SYM
fsr-3160	303	28	265,305	265,305	NUM
fsr-3160	303	29	$	$	SYM
fsr-3160	303	30	1,255,685	1,255,685	NUM
fsr-3160	303	31	$	$	SYM
fsr-3160	303	32	2,523	2,523	NUM
fsr-3160	303	33	$	$	SYM
fsr-3160	303	34	33,163	33,163	NUM
fsr-3160	303	35	$	$	SYM
fsr-3160	303	36	1,571,185	1,571,185	NUM
fsr-3160	303	37	note	note	NOUN
fsr-3160	303	38	:	:	PUNCT
fsr-3160	304	1	slsqp	slsqp	ADJ
fsr-3160	304	2	=	=	SYM
fsr-3160	304	3	sequential	sequential	ADJ
fsr-3160	304	4	least	least	ADJ
fsr-3160	304	5	squares	square	NOUN
fsr-3160	304	6	programming	programming	NOUN
fsr-3160	304	7	.	.	PUNCT
fsr-3160	305	1	j.	j.	PROPN
fsr-3160	305	2	a.	a.	PROPN
fsr-3160	305	3	dilellio	dilellio	PROPN
fsr-3160	305	4	and	and	CCONJ
fsr-3160	305	5	a.	a.	PROPN
fsr-3160	305	6	simon	simon	PROPN
fsr-3160	305	7	/	/	SYM
fsr-3160	305	8	financial	financial	ADJ
fsr-3160	305	9	services	service	NOUN
fsr-3160	305	10	review	review	VERB
fsr-3160	305	11	30	30	NUM
fsr-3160	305	12	(	(	PUNCT
fsr-3160	305	13	2022	2022	NUM
fsr-3160	305	14	)	)	PUNCT
fsr-3160	306	1	223–249	223–249	NUM
fsr-3160	306	2	237	237	NUM
fsr-3160	306	3	the	the	DET
fsr-3160	306	4	upper	upper	ADJ
fsr-3160	306	5	and	and	CCONJ
fsr-3160	306	6	lower	low	ADJ
fsr-3160	306	7	panes	pane	NOUN
fsr-3160	306	8	of	of	ADP
fsr-3160	306	9	fig	fig	NOUN
fsr-3160	306	10	.	.	PUNCT
fsr-3160	307	1	6	6	NUM
fsr-3160	307	2	show	show	VERB
fsr-3160	307	3	the	the	DET
fsr-3160	307	4	significant	significant	ADJ
fsr-3160	307	5	difference	difference	NOUN
fsr-3160	307	6	in	in	ADP
fsr-3160	307	7	taxes	taxis	NOUN
fsr-3160	307	8	paid	pay	VERB
fsr-3160	307	9	between	between	ADP
fsr-3160	307	10	the	the	DET
fsr-3160	307	11	common	common	ADJ
fsr-3160	307	12	rule	rule	NOUN
fsr-3160	307	13	and	and	CCONJ
fsr-3160	307	14	slsqp	slsqp	ADJ
fsr-3160	307	15	withdrawal	withdrawal	NOUN
fsr-3160	307	16	strategies	strategy	NOUN
fsr-3160	307	17	.	.	PUNCT
fsr-3160	308	1	the	the	DET
fsr-3160	308	2	most	most	ADV
fsr-3160	308	3	obvious	obvious	ADJ
fsr-3160	308	4	difference	difference	NOUN
fsr-3160	308	5	is	be	AUX
fsr-3160	308	6	that	that	SCONJ
fsr-3160	308	7	the	the	DET
fsr-3160	308	8	retiree	retiree	NOUN
fsr-3160	308	9	pays	pay	VERB
fsr-3160	308	10	taxes	taxis	NOUN
fsr-3160	308	11	much	much	ADV
fsr-3160	308	12	earlier	early	ADV
fsr-3160	308	13	in	in	ADP
fsr-3160	308	14	the	the	DET
fsr-3160	308	15	slsqp	slsqp	NOUN
fsr-3160	308	16	versus	versus	ADP
fsr-3160	308	17	the	the	DET
fsr-3160	308	18	common	common	ADJ
fsr-3160	308	19	rule	rule	NOUN
fsr-3160	308	20	strategy	strategy	NOUN
fsr-3160	308	21	.	.	PUNCT
fsr-3160	309	1	however	however	ADV
fsr-3160	309	2	,	,	PUNCT
fsr-3160	309	3	notice	notice	VERB
fsr-3160	309	4	that	that	SCONJ
fsr-3160	309	5	the	the	DET
fsr-3160	309	6	total	total	ADJ
fsr-3160	309	7	taxes	taxis	NOUN
fsr-3160	309	8	paid	pay	VERB
fsr-3160	309	9	by	by	ADP
fsr-3160	309	10	the	the	DET
fsr-3160	309	11	slsqp	slsqp	PROPN
fsr-3160	309	12	strategy	strategy	NOUN
fsr-3160	309	13	are	be	AUX
fsr-3160	309	14	in	in	ADP
fsr-3160	309	15	the	the	DET
fsr-3160	309	16	low	low	ADJ
fsr-3160	309	17	$	$	SYM
fsr-3160	309	18	20,000	20,000	NUM
fsr-3160	309	19	range	range	NOUN
fsr-3160	309	20	for	for	ADP
fsr-3160	309	21	the	the	DET
fsr-3160	309	22	first	first	ADJ
fsr-3160	309	23	seven	seven	NUM
fsr-3160	309	24	years	year	NOUN
fsr-3160	309	25	,	,	PUNCT
fsr-3160	309	26	then	then	ADV
fsr-3160	309	27	dropping	drop	VERB
fsr-3160	309	28	to	to	ADP
fsr-3160	309	29	between	between	ADP
fsr-3160	309	30	about	about	ADP
fsr-3160	309	31	$	$	SYM
fsr-3160	309	32	5,000	5,000	NUM
fsr-3160	309	33	and	and	CCONJ
fsr-3160	309	34	$	$	SYM
fsr-3160	309	35	10,000	10,000	NUM
fsr-3160	309	36	for	for	ADP
fsr-3160	309	37	the	the	DET
fsr-3160	309	38	remaining	remain	VERB
fsr-3160	309	39	retirement	retirement	NOUN
fsr-3160	309	40	horizon	horizon	NOUN
fsr-3160	309	41	.	.	PUNCT
fsr-3160	310	1	the	the	DET
fsr-3160	310	2	common	common	ADJ
fsr-3160	310	3	rule	rule	NOUN
fsr-3160	310	4	strategy	strategy	NOUN
fsr-3160	310	5	follows	follow	VERB
fsr-3160	310	6	a	a	DET
fsr-3160	310	7	more	more	ADV
fsr-3160	310	8	“	"	PUNCT
fsr-3160	310	9	conventional	conventional	ADJ
fsr-3160	310	10	wisdom	wisdom	NOUN
fsr-3160	310	11	”	"	PUNCT
fsr-3160	310	12	recommended	recommend	VERB
fsr-3160	310	13	by	by	ADP
fsr-3160	310	14	many	many	ADJ
fsr-3160	310	15	cpas	cpa	NOUN
fsr-3160	310	16	that	that	PRON
fsr-3160	310	17	often	often	ADV
fsr-3160	310	18	suggest	suggest	VERB
fsr-3160	310	19	delaying	delay	VERB
fsr-3160	310	20	taxes	taxis	NOUN
fsr-3160	310	21	for	for	ADP
fsr-3160	310	22	as	as	ADV
fsr-3160	310	23	long	long	ADJ
fsr-3160	310	24	as	as	ADP
fsr-3160	310	25	possible	possible	ADJ
fsr-3160	310	26	.	.	PUNCT
fsr-3160	311	1	under	under	ADP
fsr-3160	311	2	the	the	DET
fsr-3160	311	3	common	common	ADJ
fsr-3160	311	4	rule	rule	NOUN
fsr-3160	311	5	withdrawal	withdrawal	NOUN
fsr-3160	311	6	strategy	strategy	NOUN
fsr-3160	311	7	,	,	PUNCT
fsr-3160	311	8	the	the	DET
fsr-3160	311	9	retiree	retiree	NOUN
fsr-3160	311	10	pays	pay	VERB
fsr-3160	311	11	very	very	ADV
fsr-3160	311	12	little	little	ADJ
fsr-3160	311	13	tax	tax	NOUN
fsr-3160	311	14	in	in	ADP
fsr-3160	311	15	years	year	NOUN
fsr-3160	311	16	1–4	1–4	PROPN
fsr-3160	311	17	.	.	PUNCT
fsr-3160	312	1	like	like	INTJ
fsr-3160	312	2	in	in	ADP
fsr-3160	312	3	the	the	DET
fsr-3160	312	4	previous	previous	ADJ
fsr-3160	312	5	fig	fig	NOUN
fsr-3160	312	6	.	.	PUNCT
fsr-3160	313	1	5	5	X
fsr-3160	313	2	.	.	X
fsr-3160	313	3	meeting	meet	VERB
fsr-3160	313	4	after	after	ADP
fsr-3160	313	5	-	-	PUNCT
fsr-3160	313	6	tax	tax	NOUN
fsr-3160	313	7	income	income	NOUN
fsr-3160	313	8	using	use	VERB
fsr-3160	313	9	the	the	DET
fsr-3160	313	10	common	common	ADJ
fsr-3160	313	11	rule	rule	NOUN
fsr-3160	313	12	and	and	CCONJ
fsr-3160	313	13	sequential	sequential	ADJ
fsr-3160	313	14	least	least	ADJ
fsr-3160	313	15	squares	square	NOUN
fsr-3160	313	16	programming	programming	NOUN
fsr-3160	313	17	(	(	PUNCT
fsr-3160	313	18	slsqp	slsqp	ADJ
fsr-3160	313	19	)	)	PUNCT
fsr-3160	313	20	withdrawal	withdrawal	NOUN
fsr-3160	313	21	strategies	strategy	NOUN
fsr-3160	313	22	and	and	CCONJ
fsr-3160	313	23	conditions	condition	NOUN
fsr-3160	313	24	in	in	ADP
fsr-3160	313	25	table	table	NOUN
fsr-3160	313	26	1	1	NUM
fsr-3160	313	27	with	with	ADP
fsr-3160	313	28	a	a	DET
fsr-3160	313	29	shorter	short	ADJ
fsr-3160	313	30	retirement	retirement	NOUN
fsr-3160	313	31	horizon	horizon	NOUN
fsr-3160	313	32	.	.	PUNCT
fsr-3160	314	1	the	the	DET
fsr-3160	314	2	retiree	retiree	NOUN
fsr-3160	314	3	and	and	CCONJ
fsr-3160	314	4	their	their	PRON
fsr-3160	314	5	spouse	spouse	NOUN
fsr-3160	314	6	have	have	VERB
fsr-3160	314	7	sufficient	sufficient	ADJ
fsr-3160	314	8	,	,	PUNCT
fsr-3160	314	9	but	but	CCONJ
fsr-3160	314	10	not	not	PART
fsr-3160	314	11	excessive	excessive	ADJ
fsr-3160	314	12	,	,	PUNCT
fsr-3160	314	13	funds	fund	NOUN
fsr-3160	314	14	for	for	ADP
fsr-3160	314	15	retirement	retirement	NOUN
fsr-3160	314	16	.	.	PUNCT
fsr-3160	315	1	238	238	NUM
fsr-3160	315	2	j.	j.	PROPN
fsr-3160	315	3	a.	a.	NOUN
fsr-3160	315	4	dilellio	dilellio	PROPN
fsr-3160	315	5	and	and	CCONJ
fsr-3160	315	6	a.	a.	PROPN
fsr-3160	315	7	simon	simon	PROPN
fsr-3160	315	8	/	/	SYM
fsr-3160	315	9	financial	financial	ADJ
fsr-3160	315	10	services	service	NOUN
fsr-3160	315	11	review	review	VERB
fsr-3160	315	12	30	30	NUM
fsr-3160	315	13	(	(	PUNCT
fsr-3160	315	14	2022	2022	NUM
fsr-3160	315	15	)	)	PUNCT
fsr-3160	315	16	223–249	223–249	NUM
fsr-3160	315	17	subsection	subsection	NOUN
fsr-3160	315	18	,	,	PUNCT
fsr-3160	315	19	low	low	ADJ
fsr-3160	315	20	taxes	taxis	NOUN
fsr-3160	315	21	are	be	AUX
fsr-3160	315	22	due	due	ADJ
fsr-3160	315	23	to	to	ADP
fsr-3160	315	24	the	the	DET
fsr-3160	315	25	initial	initial	ADJ
fsr-3160	315	26	fraction	fraction	NOUN
fsr-3160	315	27	of	of	ADP
fsr-3160	315	28	the	the	DET
fsr-3160	315	29	taxable	taxable	ADJ
fsr-3160	315	30	account	account	NOUN
fsr-3160	315	31	cost	cost	NOUN
fsr-3160	315	32	basis	basis	NOUN
fsr-3160	315	33	shown	show	VERB
fsr-3160	315	34	in	in	ADP
fsr-3160	315	35	table	table	NOUN
fsr-3160	315	36	1	1	NUM
fsr-3160	315	37	not	not	PART
fsr-3160	315	38	triggering	trigger	VERB
fsr-3160	315	39	any	any	DET
fsr-3160	315	40	long	long	ADJ
fsr-3160	315	41	-	-	PUNCT
fsr-3160	315	42	term	term	NOUN
fsr-3160	315	43	capital	capital	NOUN
fsr-3160	315	44	gains	gain	NOUN
fsr-3160	315	45	taxes	taxis	NOUN
fsr-3160	315	46	.	.	PUNCT
fsr-3160	316	1	in	in	ADP
fsr-3160	316	2	years	year	NOUN
fsr-3160	316	3	5–15	5–15	PROPN
fsr-3160	316	4	,	,	PUNCT
fsr-3160	316	5	there	there	PRON
fsr-3160	316	6	is	be	VERB
fsr-3160	316	7	a	a	DET
fsr-3160	316	8	gradual	gradual	ADJ
fsr-3160	316	9	increase	increase	NOUN
fsr-3160	316	10	in	in	ADP
fsr-3160	316	11	taxes	taxis	NOUN
fsr-3160	316	12	from	from	ADP
fsr-3160	316	13	both	both	CCONJ
fsr-3160	316	14	the	the	DET
fsr-3160	316	15	rmds	rmds	NOUN
fsr-3160	316	16	and	and	CCONJ
fsr-3160	316	17	long	long	ADJ
fsr-3160	316	18	-	-	PUNCT
fsr-3160	316	19	term	term	NOUN
fsr-3160	316	20	capital	capital	NOUN
fsr-3160	316	21	gains	gain	NOUN
fsr-3160	316	22	.	.	PUNCT
fsr-3160	317	1	years	year	NOUN
fsr-3160	317	2	16–17	16–17	PROPN
fsr-3160	317	3	see	see	VERB
fsr-3160	317	4	a	a	DET
fsr-3160	317	5	decrease	decrease	NOUN
fsr-3160	317	6	in	in	ADP
fsr-3160	317	7	taxes	taxis	NOUN
fsr-3160	317	8	because	because	SCONJ
fsr-3160	317	9	the	the	DET
fsr-3160	317	10	taxable	taxable	ADJ
fsr-3160	317	11	brokerage	brokerage	NOUN
fsr-3160	317	12	account	account	NOUN
fsr-3160	317	13	offsets	offset	VERB
fsr-3160	317	14	the	the	DET
fsr-3160	317	15	higher	high	ADJ
fsr-3160	317	16	tax	tax	NOUN
fsr-3160	317	17	rates	rate	NOUN
fsr-3160	317	18	of	of	ADP
fsr-3160	317	19	the	the	DET
fsr-3160	317	20	surviving	surviving	NOUN
fsr-3160	317	21	spouse	spouse	NOUN
fsr-3160	317	22	.	.	PUNCT
fsr-3160	318	1	the	the	DET
fsr-3160	318	2	final	final	ADJ
fsr-3160	318	3	five	five	NUM
fsr-3160	318	4	years	year	NOUN
fsr-3160	318	5	18–20	18–20	NUM
fsr-3160	318	6	see	see	VERB
fsr-3160	318	7	a	a	DET
fsr-3160	318	8	significant	significant	ADJ
fsr-3160	318	9	tax	tax	NOUN
fsr-3160	318	10	increase	increase	NOUN
fsr-3160	318	11	from	from	ADP
fsr-3160	318	12	withdrawals	withdrawal	NOUN
fsr-3160	318	13	from	from	ADP
fsr-3160	318	14	the	the	DET
fsr-3160	318	15	tax	tax	NOUN
fsr-3160	318	16	-	-	PUNCT
fsr-3160	318	17	deferred	defer	VERB
fsr-3160	318	18	account	account	NOUN
fsr-3160	318	19	and	and	CCONJ
fsr-3160	318	20	the	the	DET
fsr-3160	318	21	surviving	surviving	NOUN
fsr-3160	318	22	spouse	spouse	NOUN
fsr-3160	318	23	filing	filing	NOUN
fsr-3160	318	24	taxes	taxis	NOUN
fsr-3160	318	25	as	as	ADP
fsr-3160	318	26	single	single	ADJ
fsr-3160	318	27	.	.	PUNCT
fsr-3160	319	1	therefore	therefore	ADV
fsr-3160	319	2	,	,	PUNCT
fsr-3160	319	3	in	in	ADP
fsr-3160	319	4	these	these	DET
fsr-3160	319	5	final	final	ADJ
fsr-3160	319	6	years	year	NOUN
fsr-3160	319	7	,	,	PUNCT
fsr-3160	319	8	the	the	DET
fsr-3160	319	9	surviving	surviving	NOUN
fsr-3160	319	10	spouse	spouse	NOUN
fsr-3160	319	11	pays	pay	VERB
fsr-3160	319	12	nearly	nearly	ADV
fsr-3160	319	13	$	$	SYM
fsr-3160	319	14	35,000	35,000	NUM
fsr-3160	319	15	of	of	ADP
fsr-3160	319	16	income	income	NOUN
fsr-3160	319	17	tax	tax	NOUN
fsr-3160	319	18	to	to	PART
fsr-3160	319	19	maintain	maintain	VERB
fsr-3160	319	20	their	their	PRON
fsr-3160	319	21	desired	desire	VERB
fsr-3160	319	22	consumption	consumption	NOUN
fsr-3160	319	23	of	of	ADP
fsr-3160	319	24	$	$	SYM
fsr-3160	319	25	140,000	140,000	NUM
fsr-3160	319	26	per	per	ADP
fsr-3160	319	27	year	year	NOUN
fsr-3160	319	28	.	.	PUNCT
fsr-3160	320	1	these	these	DET
fsr-3160	320	2	later	later	ADJ
fsr-3160	320	3	years	year	NOUN
fsr-3160	320	4	show	show	VERB
fsr-3160	320	5	how	how	SCONJ
fsr-3160	320	6	sensitive	sensitive	ADJ
fsr-3160	320	7	the	the	DET
fsr-3160	320	8	surviving	surviving	NOUN
fsr-3160	320	9	spouse	spouse	NOUN
fsr-3160	320	10	is	be	AUX
fsr-3160	320	11	to	to	ADP
fsr-3160	320	12	losing	lose	VERB
fsr-3160	320	13	the	the	DET
fsr-3160	320	14	larger	large	ADJ
fsr-3160	320	15	standard	standard	ADJ
fsr-3160	320	16	deduction	deduction	NOUN
fsr-3160	320	17	by	by	ADP
fsr-3160	320	18	no	no	ADV
fsr-3160	320	19	longer	long	ADV
fsr-3160	320	20	being	be	AUX
fsr-3160	320	21	able	able	ADJ
fsr-3160	320	22	to	to	PART
fsr-3160	320	23	file	file	VERB
fsr-3160	320	24	their	their	PRON
fsr-3160	320	25	taxes	taxis	NOUN
fsr-3160	320	26	as	as	ADP
fsr-3160	320	27	married	married	ADJ
fsr-3160	320	28	filing	filing	NOUN
fsr-3160	320	29	jointly	jointly	ADV
fsr-3160	320	30	.	.	PUNCT
fsr-3160	321	1	fig	fig	NOUN
fsr-3160	321	2	.	.	PUNCT
fsr-3160	322	1	6	6	NUM
fsr-3160	322	2	.	.	X
fsr-3160	322	3	taxes	taxis	NOUN
fsr-3160	322	4	paid	pay	VERB
fsr-3160	322	5	with	with	ADP
fsr-3160	322	6	the	the	DET
fsr-3160	322	7	common	common	ADJ
fsr-3160	322	8	rule	rule	NOUN
fsr-3160	322	9	withdrawal	withdrawal	NOUN
fsr-3160	322	10	sequence	sequence	NOUN
fsr-3160	322	11	and	and	CCONJ
fsr-3160	322	12	sequential	sequential	ADJ
fsr-3160	322	13	least	least	ADJ
fsr-3160	322	14	squares	square	NOUN
fsr-3160	322	15	programming	programming	NOUN
fsr-3160	322	16	(	(	PUNCT
fsr-3160	322	17	slsqp	slsqp	ADJ
fsr-3160	322	18	)	)	PUNCT
fsr-3160	322	19	withdrawal	withdrawal	NOUN
fsr-3160	322	20	strategies	strategy	NOUN
fsr-3160	322	21	and	and	CCONJ
fsr-3160	322	22	conditions	condition	NOUN
fsr-3160	322	23	in	in	ADP
fsr-3160	322	24	table	table	NOUN
fsr-3160	322	25	1	1	NUM
fsr-3160	322	26	with	with	ADP
fsr-3160	322	27	a	a	DET
fsr-3160	322	28	shorter	short	ADJ
fsr-3160	322	29	retirement	retirement	NOUN
fsr-3160	322	30	horizon	horizon	NOUN
fsr-3160	322	31	.	.	PUNCT
fsr-3160	323	1	the	the	DET
fsr-3160	323	2	retiree	retiree	NOUN
fsr-3160	323	3	and	and	CCONJ
fsr-3160	323	4	their	their	PRON
fsr-3160	323	5	spouses	spouse	NOUN
fsr-3160	323	6	have	have	VERB
fsr-3160	323	7	sufficient	sufficient	ADJ
fsr-3160	323	8	,	,	PUNCT
fsr-3160	323	9	but	but	CCONJ
fsr-3160	323	10	not	not	PART
fsr-3160	323	11	excessive	excessive	ADJ
fsr-3160	323	12	,	,	PUNCT
fsr-3160	323	13	funds	fund	NOUN
fsr-3160	323	14	for	for	ADP
fsr-3160	323	15	retirement	retirement	NOUN
fsr-3160	323	16	.	.	PUNCT
fsr-3160	324	1	j.	j.	PROPN
fsr-3160	324	2	a.	a.	PROPN
fsr-3160	324	3	dilellio	dilellio	PROPN
fsr-3160	324	4	and	and	CCONJ
fsr-3160	324	5	a.	a.	PROPN
fsr-3160	324	6	simon	simon	PROPN
fsr-3160	324	7	/	/	SYM
fsr-3160	324	8	financial	financial	ADJ
fsr-3160	324	9	services	service	NOUN
fsr-3160	324	10	review	review	VERB
fsr-3160	324	11	30	30	NUM
fsr-3160	324	12	(	(	PUNCT
fsr-3160	324	13	2022	2022	NUM
fsr-3160	324	14	)	)	PUNCT
fsr-3160	325	1	223–249	223–249	NUM
fsr-3160	325	2	239	239	NUM
fsr-3160	325	3	comparing	compare	VERB
fsr-3160	325	4	the	the	DET
fsr-3160	325	5	upper	upper	ADJ
fsr-3160	325	6	and	and	CCONJ
fsr-3160	325	7	lower	low	ADJ
fsr-3160	325	8	pane	pane	NOUN
fsr-3160	325	9	of	of	ADP
fsr-3160	325	10	fig	fig	NOUN
fsr-3160	325	11	.	.	PUNCT
fsr-3160	326	1	6	6	NUM
fsr-3160	326	2	indicates	indicate	VERB
fsr-3160	326	3	that	that	SCONJ
fsr-3160	326	4	tax	tax	NOUN
fsr-3160	326	5	minimization	minimization	NOUN
fsr-3160	326	6	may	may	AUX
fsr-3160	326	7	not	not	PART
fsr-3160	326	8	occur	occur	VERB
fsr-3160	326	9	.	.	PUNCT
fsr-3160	327	1	this	this	DET
fsr-3160	327	2	finding	finding	NOUN
fsr-3160	327	3	is	be	AUX
fsr-3160	327	4	consistent	consistent	ADJ
fsr-3160	327	5	with	with	ADP
fsr-3160	327	6	sumutka	sumutka	PROPN
fsr-3160	327	7	et	et	PROPN
fsr-3160	327	8	al	al	PROPN
fsr-3160	327	9	.	.	PUNCT
fsr-3160	328	1	(	(	PUNCT
fsr-3160	328	2	2012	2012	NUM
fsr-3160	328	3	)	)	PUNCT
fsr-3160	328	4	,	,	PUNCT
fsr-3160	328	5	who	who	PRON
fsr-3160	328	6	noted	note	VERB
fsr-3160	328	7	that	that	SCONJ
fsr-3160	328	8	“	"	PUNCT
fsr-3160	328	9	.	.	PUNCT
fsr-3160	328	10	.	.	PUNCT
fsr-3160	328	11	.	.	PUNCT
fsr-3160	329	1	several	several	ADJ
fsr-3160	329	2	common	common	ADJ
fsr-3160	329	3	tax	tax	NOUN
fsr-3160	329	4	minimization	minimization	NOUN
fsr-3160	329	5	and	and	CCONJ
fsr-3160	329	6	estate	estate	NOUN
fsr-3160	329	7	planning	planning	NOUN
fsr-3160	329	8	strategies	strategy	NOUN
fsr-3160	329	9	do	do	AUX
fsr-3160	329	10	not	not	PART
fsr-3160	329	11	produce	produce	VERB
fsr-3160	329	12	optimal	optimal	ADJ
fsr-3160	329	13	results	result	NOUN
fsr-3160	329	14	.	.	PUNCT
fsr-3160	329	15	”	"	PUNCT
fsr-3160	330	1	these	these	DET
fsr-3160	330	2	results	result	NOUN
fsr-3160	330	3	provide	provide	VERB
fsr-3160	330	4	further	further	ADJ
fsr-3160	330	5	evidence	evidence	NOUN
fsr-3160	330	6	that	that	PRON
fsr-3160	330	7	simply	simply	ADV
fsr-3160	330	8	minimizing	minimize	VERB
fsr-3160	330	9	taxes	taxis	NOUN
fsr-3160	330	10	paid	pay	VERB
fsr-3160	330	11	does	do	AUX
fsr-3160	330	12	not	not	PART
fsr-3160	330	13	lead	lead	VERB
fsr-3160	330	14	to	to	ADP
fsr-3160	330	15	a	a	DET
fsr-3160	330	16	larger	large	ADJ
fsr-3160	330	17	bequest	bequest	NOUN
fsr-3160	330	18	to	to	ADP
fsr-3160	330	19	the	the	DET
fsr-3160	330	20	retiree	retiree	NOUN
fsr-3160	330	21	’s	’s	PART
fsr-3160	330	22	heir	heir	NOUN
fsr-3160	330	23	.	.	PUNCT
fsr-3160	331	1	4.3	4.3	NUM
fsr-3160	331	2	.	.	PUNCT
fsr-3160	331	3	retiree	retiree	NOUN
fsr-3160	331	4	and	and	CCONJ
fsr-3160	331	5	spouse	spouse	NOUN
fsr-3160	331	6	have	have	VERB
fsr-3160	331	7	a	a	DET
fsr-3160	331	8	large	large	ADJ
fsr-3160	331	9	excess	excess	NOUN
fsr-3160	331	10	of	of	ADP
fsr-3160	331	11	funds	fund	NOUN
fsr-3160	331	12	in	in	ADP
fsr-3160	331	13	this	this	DET
fsr-3160	331	14	last	last	ADJ
fsr-3160	331	15	case	case	NOUN
fsr-3160	331	16	,	,	PUNCT
fsr-3160	331	17	the	the	DET
fsr-3160	331	18	retiree	retiree	NOUN
fsr-3160	331	19	and	and	CCONJ
fsr-3160	331	20	spouse	spouse	NOUN
fsr-3160	331	21	have	have	VERB
fsr-3160	331	22	a	a	DET
fsr-3160	331	23	large	large	ADJ
fsr-3160	331	24	net	net	ADJ
fsr-3160	331	25	worth	worth	NOUN
fsr-3160	331	26	with	with	ADP
fsr-3160	331	27	more	more	ADJ
fsr-3160	331	28	income	income	NOUN
fsr-3160	331	29	from	from	ADP
fsr-3160	331	30	dividends	dividend	NOUN
fsr-3160	331	31	,	,	PUNCT
fsr-3160	331	32	interest	interest	NOUN
fsr-3160	331	33	,	,	PUNCT
fsr-3160	331	34	coupon	coupon	NOUN
fsr-3160	331	35	payments	payment	NOUN
fsr-3160	331	36	,	,	PUNCT
fsr-3160	331	37	and	and	CCONJ
fsr-3160	331	38	rmds	rmds	NOUN
fsr-3160	331	39	than	than	SCONJ
fsr-3160	331	40	is	be	AUX
fsr-3160	331	41	needed	need	VERB
fsr-3160	331	42	at	at	ADP
fsr-3160	331	43	some	some	DET
fsr-3160	331	44	point	point	NOUN
fsr-3160	331	45	over	over	ADP
fsr-3160	331	46	their	their	PRON
fsr-3160	331	47	retirement	retirement	NOUN
fsr-3160	331	48	horizon	horizon	NOUN
fsr-3160	331	49	.	.	PUNCT
fsr-3160	332	1	here	here	ADV
fsr-3160	332	2	,	,	PUNCT
fsr-3160	332	3	the	the	DET
fsr-3160	332	4	modified	modified	ADJ
fsr-3160	332	5	common	common	ADJ
fsr-3160	332	6	rule	rule	NOUN
fsr-3160	332	7	provides	provide	VERB
fsr-3160	332	8	a	a	DET
fsr-3160	332	9	solution	solution	NOUN
fsr-3160	332	10	marginally	marginally	ADV
fsr-3160	332	11	better	well	ADJ
fsr-3160	332	12	than	than	ADP
fsr-3160	332	13	the	the	DET
fsr-3160	332	14	common	common	ADJ
fsr-3160	332	15	rule	rule	NOUN
fsr-3160	332	16	.	.	PUNCT
fsr-3160	333	1	in	in	ADP
fsr-3160	333	2	this	this	DET
fsr-3160	333	3	next	next	ADJ
fsr-3160	333	4	example	example	NOUN
fsr-3160	333	5	,	,	PUNCT
fsr-3160	333	6	we	we	PRON
fsr-3160	333	7	begin	begin	VERB
fsr-3160	333	8	by	by	ADP
fsr-3160	333	9	using	use	VERB
fsr-3160	333	10	the	the	DET
fsr-3160	333	11	data	datum	NOUN
fsr-3160	333	12	from	from	ADP
fsr-3160	333	13	table	table	NOUN
fsr-3160	333	14	1	1	NUM
fsr-3160	333	15	.	.	PUNCT
fsr-3160	334	1	like	like	INTJ
fsr-3160	334	2	in	in	ADP
fsr-3160	334	3	the	the	DET
fsr-3160	334	4	previous	previous	ADJ
fsr-3160	334	5	subsection	subsection	NOUN
fsr-3160	334	6	,	,	PUNCT
fsr-3160	334	7	we	we	PRON
fsr-3160	334	8	reduce	reduce	VERB
fsr-3160	334	9	the	the	DET
fsr-3160	334	10	retirement	retirement	NOUN
fsr-3160	334	11	horizon	horizon	NOUN
fsr-3160	334	12	to	to	ADP
fsr-3160	334	13	15	15	NUM
fsr-3160	334	14	years	year	NOUN
fsr-3160	334	15	for	for	ADP
fsr-3160	334	16	the	the	DET
fsr-3160	334	17	retiree	retiree	NOUN
fsr-3160	334	18	and	and	CCONJ
fsr-3160	334	19	20	20	NUM
fsr-3160	334	20	years	year	NOUN
fsr-3160	334	21	for	for	ADP
fsr-3160	334	22	the	the	DET
fsr-3160	334	23	spouse	spouse	NOUN
fsr-3160	334	24	.	.	PUNCT
fsr-3160	335	1	we	we	PRON
fsr-3160	335	2	also	also	ADV
fsr-3160	335	3	increase	increase	VERB
fsr-3160	335	4	the	the	DET
fsr-3160	335	5	retiree	retiree	NOUN
fsr-3160	335	6	’s	’s	PART
fsr-3160	335	7	tax	tax	NOUN
fsr-3160	335	8	-	-	PUNCT
fsr-3160	335	9	deferred	defer	VERB
fsr-3160	335	10	account	account	NOUN
fsr-3160	335	11	to	to	PART
fsr-3160	335	12	start	start	VERB
fsr-3160	335	13	at	at	ADP
fsr-3160	335	14	$	$	SYM
fsr-3160	335	15	2.7	2.7	NUM
fsr-3160	335	16	m	m	NOUN
fsr-3160	335	17	,	,	PUNCT
fsr-3160	335	18	and	and	CCONJ
fsr-3160	335	19	consumption	consumption	NOUN
fsr-3160	335	20	while	while	SCONJ
fsr-3160	335	21	married	married	ADJ
fsr-3160	335	22	filing	filing	NOUN
fsr-3160	335	23	jointly	jointly	ADV
fsr-3160	335	24	to	to	ADP
fsr-3160	335	25	$	$	SYM
fsr-3160	335	26	180,000	180,000	NUM
fsr-3160	335	27	per	per	ADP
fsr-3160	335	28	year	year	NOUN
fsr-3160	335	29	.	.	PUNCT
fsr-3160	336	1	the	the	DET
fsr-3160	336	2	account	account	NOUN
fsr-3160	336	3	values	value	NOUN
fsr-3160	336	4	at	at	ADP
fsr-3160	336	5	the	the	DET
fsr-3160	336	6	end	end	NOUN
fsr-3160	336	7	of	of	ADP
fsr-3160	336	8	retirement	retirement	NOUN
fsr-3160	336	9	using	use	VERB
fsr-3160	336	10	the	the	DET
fsr-3160	336	11	common	common	ADJ
fsr-3160	336	12	rule	rule	NOUN
fsr-3160	336	13	and	and	CCONJ
fsr-3160	336	14	modified	modify	VERB
fsr-3160	336	15	common	common	ADJ
fsr-3160	336	16	rule	rule	NOUN
fsr-3160	336	17	withdrawal	withdrawal	NOUN
fsr-3160	336	18	strategies	strategy	NOUN
fsr-3160	336	19	appear	appear	VERB
fsr-3160	336	20	below	below	ADV
fsr-3160	336	21	in	in	ADP
fsr-3160	336	22	table	table	NOUN
fsr-3160	336	23	3	3	NUM
fsr-3160	336	24	.	.	PUNCT
fsr-3160	336	25	reviewing	review	VERB
fsr-3160	336	26	the	the	DET
fsr-3160	336	27	results	result	NOUN
fsr-3160	336	28	from	from	ADP
fsr-3160	336	29	table	table	NOUN
fsr-3160	336	30	3	3	NUM
fsr-3160	336	31	,	,	PUNCT
fsr-3160	336	32	we	we	PRON
fsr-3160	336	33	see	see	VERB
fsr-3160	336	34	that	that	SCONJ
fsr-3160	336	35	the	the	DET
fsr-3160	336	36	modified	modify	VERB
fsr-3160	336	37	common	common	ADJ
fsr-3160	336	38	rule	rule	NOUN
fsr-3160	336	39	strategy	strategy	NOUN
fsr-3160	336	40	increases	increase	VERB
fsr-3160	336	41	common	common	ADJ
fsr-3160	336	42	rule	rule	NOUN
fsr-3160	336	43	wealth	wealth	NOUN
fsr-3160	336	44	transfer	transfer	NOUN
fsr-3160	336	45	by	by	ADP
fsr-3160	336	46	about	about	ADV
fsr-3160	336	47	7	7	NUM
fsr-3160	336	48	%	%	NOUN
fsr-3160	336	49	.	.	PUNCT
fsr-3160	337	1	increasing	increase	VERB
fsr-3160	337	2	the	the	DET
fsr-3160	337	3	stock	stock	NOUN
fsr-3160	337	4	and	and	CCONJ
fsr-3160	337	5	bond	bond	NOUN
fsr-3160	337	6	returns	return	NOUN
fsr-3160	337	7	by	by	ADP
fsr-3160	337	8	0.24	0.24	NUM
fsr-3160	337	9	%	%	NOUN
fsr-3160	337	10	with	with	ADP
fsr-3160	337	11	the	the	DET
fsr-3160	337	12	common	common	ADJ
fsr-3160	337	13	rule	rule	NOUN
fsr-3160	337	14	strategy	strategy	NOUN
fsr-3160	337	15	produces	produce	VERB
fsr-3160	337	16	the	the	DET
fsr-3160	337	17	same	same	ADJ
fsr-3160	337	18	wealth	wealth	NOUN
fsr-3160	337	19	as	as	ADP
fsr-3160	337	20	the	the	DET
fsr-3160	337	21	modified	modified	ADJ
fsr-3160	337	22	common	common	ADJ
fsr-3160	337	23	rule	rule	NOUN
fsr-3160	337	24	strategy	strategy	NOUN
fsr-3160	337	25	.	.	PUNCT
fsr-3160	338	1	this	this	DET
fsr-3160	338	2	example	example	NOUN
fsr-3160	338	3	is	be	AUX
fsr-3160	338	4	also	also	ADV
fsr-3160	338	5	one	one	NUM
fsr-3160	338	6	that	that	PRON
fsr-3160	338	7	highlights	highlight	VERB
fsr-3160	338	8	the	the	DET
fsr-3160	338	9	limitations	limitation	NOUN
fsr-3160	338	10	of	of	ADP
fsr-3160	338	11	general	general	ADJ
fsr-3160	338	12	-	-	PUNCT
fsr-3160	338	13	purpose	purpose	NOUN
fsr-3160	338	14	constrained	constrain	VERB
fsr-3160	338	15	optimization	optimization	NOUN
fsr-3160	338	16	programs	program	NOUN
fsr-3160	338	17	like	like	ADP
fsr-3160	338	18	slsqp	slsqp	NOUN
fsr-3160	338	19	.	.	PUNCT
fsr-3160	339	1	if	if	SCONJ
fsr-3160	339	2	we	we	PRON
fsr-3160	339	3	apply	apply	VERB
fsr-3160	339	4	the	the	DET
fsr-3160	339	5	slsqp	slsqp	PROPN
fsr-3160	339	6	withdrawal	withdrawal	NOUN
fsr-3160	339	7	strategy	strategy	NOUN
fsr-3160	339	8	here	here	ADV
fsr-3160	339	9	,	,	PUNCT
fsr-3160	339	10	it	it	PRON
fsr-3160	339	11	does	do	AUX
fsr-3160	339	12	find	find	VERB
fsr-3160	339	13	an	an	DET
fsr-3160	339	14	optimal	optimal	ADJ
fsr-3160	339	15	solution	solution	NOUN
fsr-3160	339	16	that	that	PRON
fsr-3160	339	17	satisfies	satisfy	VERB
fsr-3160	339	18	the	the	DET
fsr-3160	339	19	equality	equality	NOUN
fsr-3160	339	20	constraint	constraint	NOUN
fsr-3160	339	21	in	in	ADP
fsr-3160	339	22	eq	eq	ADP
fsr-3160	339	23	.	.	PUNCT
fsr-3160	340	1	(	(	PUNCT
fsr-3160	340	2	10	10	NUM
fsr-3160	340	3	)	)	PUNCT
fsr-3160	340	4	.	.	PUNCT
fsr-3160	341	1	however	however	ADV
fsr-3160	341	2	,	,	PUNCT
fsr-3160	341	3	the	the	DET
fsr-3160	341	4	total	total	ADJ
fsr-3160	341	5	wealth	wealth	NOUN
fsr-3160	341	6	transfer	transfer	NOUN
fsr-3160	341	7	to	to	ADP
fsr-3160	341	8	heirs	heir	NOUN
fsr-3160	341	9	is	be	AUX
fsr-3160	341	10	$	$	SYM
fsr-3160	341	11	3,764,923	3,764,923	NUM
fsr-3160	341	12	,	,	PUNCT
fsr-3160	341	13	which	which	PRON
fsr-3160	341	14	is	be	AUX
fsr-3160	341	15	less	less	ADJ
fsr-3160	341	16	than	than	SCONJ
fsr-3160	341	17	found	find	VERB
fsr-3160	341	18	with	with	ADP
fsr-3160	341	19	the	the	DET
fsr-3160	341	20	modified	modified	ADJ
fsr-3160	341	21	common	common	ADJ
fsr-3160	341	22	rule	rule	NOUN
fsr-3160	341	23	.	.	PUNCT
fsr-3160	342	1	thus	thus	ADV
fsr-3160	342	2	,	,	PUNCT
fsr-3160	342	3	the	the	DET
fsr-3160	342	4	slsqp	slsqp	ADJ
fsr-3160	342	5	strategy	strategy	NOUN
fsr-3160	342	6	appears	appear	VERB
fsr-3160	342	7	to	to	PART
fsr-3160	342	8	have	have	AUX
fsr-3160	342	9	gotten	get	VERB
fsr-3160	342	10	“	"	PUNCT
fsr-3160	342	11	stuck	stick	VERB
fsr-3160	342	12	”	"	PUNCT
fsr-3160	342	13	in	in	ADP
fsr-3160	342	14	a	a	DET
fsr-3160	342	15	local	local	ADJ
fsr-3160	342	16	maximum	maximum	NOUN
fsr-3160	342	17	,	,	PUNCT
fsr-3160	342	18	so	so	SCONJ
fsr-3160	342	19	it	it	PRON
fsr-3160	342	20	did	do	AUX
fsr-3160	342	21	not	not	PART
fsr-3160	342	22	yield	yield	VERB
fsr-3160	342	23	a	a	DET
fsr-3160	342	24	global	global	ADJ
fsr-3160	342	25	maximum	maximum	NOUN
fsr-3160	342	26	.	.	PUNCT
fsr-3160	343	1	and	and	CCONJ
fsr-3160	343	2	,	,	PUNCT
fsr-3160	343	3	if	if	SCONJ
fsr-3160	343	4	the	the	DET
fsr-3160	343	5	slsqp	slsqp	PROPN
fsr-3160	343	6	withdrawal	withdrawal	NOUN
fsr-3160	343	7	strategy	strategy	NOUN
fsr-3160	343	8	could	could	AUX
fsr-3160	343	9	not	not	PART
fsr-3160	343	10	find	find	VERB
fsr-3160	343	11	a	a	DET
fsr-3160	343	12	solution	solution	NOUN
fsr-3160	343	13	,	,	PUNCT
fsr-3160	343	14	which	which	PRON
fsr-3160	343	15	may	may	AUX
fsr-3160	343	16	occur	occur	VERB
fsr-3160	343	17	when	when	SCONJ
fsr-3160	343	18	the	the	DET
fsr-3160	343	19	equality	equality	NOUN
fsr-3160	343	20	constraint	constraint	VERB
fsr-3160	343	21	in	in	ADP
fsr-3160	343	22	eq	eq	ADP
fsr-3160	343	23	.	.	PUNCT
fsr-3160	344	1	(	(	PUNCT
fsr-3160	344	2	10	10	NUM
fsr-3160	344	3	)	)	PUNCT
fsr-3160	344	4	is	be	AUX
fsr-3160	344	5	unmet	unmet	NOUN
fsr-3160	344	6	,	,	PUNCT
fsr-3160	344	7	this	this	DET
fsr-3160	344	8	general	general	ADJ
fsr-3160	344	9	-	-	PUNCT
fsr-3160	344	10	purpose	purpose	NOUN
fsr-3160	344	11	optimization	optimization	NOUN
fsr-3160	344	12	algorithm	algorithm	NOUN
fsr-3160	344	13	could	could	AUX
fsr-3160	344	14	spend	spend	VERB
fsr-3160	344	15	10–15	10–15	NUM
fsr-3160	344	16	minutes	minute	NOUN
fsr-3160	344	17	and	and	CCONJ
fsr-3160	344	18	report	report	VERB
fsr-3160	344	19	back	back	ADV
fsr-3160	344	20	that	that	SCONJ
fsr-3160	344	21	no	no	DET
fsr-3160	344	22	solution	solution	NOUN
fsr-3160	344	23	could	could	AUX
fsr-3160	344	24	be	be	AUX
fsr-3160	344	25	found	find	VERB
fsr-3160	344	26	.	.	PUNCT
fsr-3160	345	1	the	the	DET
fsr-3160	345	2	deployment	deployment	NOUN
fsr-3160	345	3	of	of	ADP
fsr-3160	345	4	any	any	DET
fsr-3160	345	5	enterprise	enterprise	NOUN
fsr-3160	345	6	application	application	NOUN
fsr-3160	345	7	that	that	PRON
fsr-3160	345	8	consumes	consume	VERB
fsr-3160	345	9	precious	precious	ADJ
fsr-3160	345	10	computational	computational	ADJ
fsr-3160	345	11	resources	resource	NOUN
fsr-3160	345	12	while	while	SCONJ
fsr-3160	345	13	not	not	PART
fsr-3160	345	14	providing	provide	VERB
fsr-3160	345	15	actionable	actionable	ADJ
fsr-3160	345	16	insights	insight	NOUN
fsr-3160	345	17	must	must	AUX
fsr-3160	345	18	be	be	AUX
fsr-3160	345	19	avoided	avoid	VERB
fsr-3160	345	20	.	.	PUNCT
fsr-3160	346	1	thus	thus	ADV
fsr-3160	346	2	,	,	PUNCT
fsr-3160	346	3	we	we	PRON
fsr-3160	346	4	have	have	VERB
fsr-3160	346	5	table	table	NOUN
fsr-3160	346	6	3	3	NUM
fsr-3160	346	7	account	account	NOUN
fsr-3160	346	8	balances	balance	NOUN
fsr-3160	346	9	at	at	ADP
fsr-3160	346	10	the	the	DET
fsr-3160	346	11	end	end	NOUN
fsr-3160	346	12	of	of	ADP
fsr-3160	346	13	retirement	retirement	NOUN
fsr-3160	346	14	for	for	ADP
fsr-3160	346	15	common	common	ADJ
fsr-3160	346	16	rule	rule	NOUN
fsr-3160	346	17	and	and	CCONJ
fsr-3160	346	18	modified	modify	VERB
fsr-3160	346	19	common	common	ADJ
fsr-3160	346	20	rule	rule	NOUN
fsr-3160	346	21	withdrawals	withdrawal	NOUN
fsr-3160	346	22	strategy	strategy	NOUN
fsr-3160	346	23	taxdeferred	taxdeferre	VERB
fsr-3160	346	24	account	account	NOUN
fsr-3160	346	25	,	,	PUNCT
fsr-3160	346	26	retiree	retiree	NOUN
fsr-3160	346	27	tax	tax	NOUN
fsr-3160	346	28	-	-	PUNCT
fsr-3160	346	29	exempt	exempt	ADJ
fsr-3160	346	30	account	account	NOUN
fsr-3160	346	31	,	,	PUNCT
fsr-3160	346	32	retiree	retiree	NOUN
fsr-3160	346	33	taxable	taxable	ADJ
fsr-3160	346	34	brokerage	brokerage	NOUN
fsr-3160	346	35	balance	balance	NOUN
fsr-3160	346	36	taxdeferred	taxdeferre	VERB
fsr-3160	346	37	account	account	NOUN
fsr-3160	346	38	,	,	PUNCT
fsr-3160	346	39	spouse	spouse	NOUN
fsr-3160	346	40	tax	tax	NOUN
fsr-3160	346	41	-	-	PUNCT
fsr-3160	346	42	exempt	exempt	ADJ
fsr-3160	346	43	account	account	NOUN
fsr-3160	346	44	balance	balance	NOUN
fsr-3160	346	45	,	,	PUNCT
fsr-3160	346	46	spouse	spouse	NOUN
fsr-3160	346	47	excess	excess	ADJ
fsr-3160	346	48	income	income	NOUN
fsr-3160	346	49	account	account	NOUN
fsr-3160	346	50	balance	balance	NOUN
fsr-3160	346	51	wealth	wealth	NOUN
fsr-3160	346	52	transfer	transfer	NOUN
fsr-3160	346	53	to	to	ADP
fsr-3160	346	54	heirs	heir	NOUN
fsr-3160	346	55	common	common	ADJ
fsr-3160	346	56	rule	rule	NOUN
fsr-3160	346	57	$	$	SYM
fsr-3160	346	58	2,501,404	2,501,404	NUM
fsr-3160	346	59	$	$	SYM
fsr-3160	346	60	798,355	798,355	NUM
fsr-3160	346	61	$	$	SYM
fsr-3160	346	62	617,383	617,383	NUM
fsr-3160	346	63	$	$	SYM
fsr-3160	346	64	92,645	92,645	NUM
fsr-3160	346	65	$	$	SYM
fsr-3160	346	66	99,794	99,794	NUM
fsr-3160	346	67	$	$	SYM
fsr-3160	346	68	73,004	73,004	NUM
fsr-3160	346	69	$	$	SYM
fsr-3160	346	70	3,534,072	3,534,072	NUM
fsr-3160	346	71	modified	modify	VERB
fsr-3160	346	72	common	common	ADJ
fsr-3160	346	73	rule	rule	NOUN
fsr-3160	346	74	$	$	SYM
fsr-3160	346	75	1,594,256	1,594,256	NUM
fsr-3160	346	76	$	$	SYM
fsr-3160	346	77	798,355	798,355	NUM
fsr-3160	346	78	$	$	SYM
fsr-3160	346	79	1,629,133	1,629,133	NUM
fsr-3160	346	80	$	$	SYM
fsr-3160	346	81	59,047	59,047	NUM
fsr-3160	346	82	$	$	SYM
fsr-3160	346	83	99,794	99,794	NUM
fsr-3160	346	84	$	$	SYM
fsr-3160	346	85	0	0	NUM
fsr-3160	346	86	$	$	SYM
fsr-3160	346	87	3,767,258	3,767,258	NUM
fsr-3160	346	88	note	note	NOUN
fsr-3160	346	89	:	:	PUNCT
fsr-3160	346	90	retiree	retiree	NOUN
fsr-3160	346	91	and	and	CCONJ
fsr-3160	346	92	spouse	spouse	NOUN
fsr-3160	346	93	have	have	VERB
fsr-3160	346	94	excessive	excessive	ADJ
fsr-3160	346	95	amounts	amount	NOUN
fsr-3160	346	96	of	of	ADP
fsr-3160	346	97	retirement	retirement	NOUN
fsr-3160	346	98	assets	asset	NOUN
fsr-3160	346	99	.	.	PUNCT
fsr-3160	347	1	240	240	NUM
fsr-3160	347	2	j.	j.	PROPN
fsr-3160	347	3	a.	a.	PROPN
fsr-3160	347	4	dilellio	dilellio	PROPN
fsr-3160	347	5	and	and	CCONJ
fsr-3160	347	6	a.	a.	PROPN
fsr-3160	347	7	simon	simon	PROPN
fsr-3160	347	8	/	/	SYM
fsr-3160	347	9	financial	financial	ADJ
fsr-3160	347	10	services	service	NOUN
fsr-3160	347	11	review	review	VERB
fsr-3160	347	12	30	30	NUM
fsr-3160	347	13	(	(	PUNCT
fsr-3160	347	14	2022	2022	NUM
fsr-3160	347	15	)	)	PUNCT
fsr-3160	348	1	223–249	223–249	NUM
fsr-3160	348	2	evidence	evidence	NOUN
fsr-3160	348	3	that	that	SCONJ
fsr-3160	348	4	there	there	PRON
fsr-3160	348	5	is	be	VERB
fsr-3160	348	6	a	a	DET
fsr-3160	348	7	need	need	NOUN
fsr-3160	348	8	for	for	ADP
fsr-3160	348	9	a	a	DET
fsr-3160	348	10	more	more	ADV
fsr-3160	348	11	customized	customized	ADJ
fsr-3160	348	12	optimization	optimization	NOUN
fsr-3160	348	13	algorithm	algorithm	NOUN
fsr-3160	348	14	for	for	ADP
fsr-3160	348	15	this	this	DET
fsr-3160	348	16	category	category	NOUN
fsr-3160	348	17	of	of	ADP
fsr-3160	348	18	retirees	retiree	NOUN
fsr-3160	348	19	,	,	PUNCT
fsr-3160	348	20	as	as	SCONJ
fsr-3160	348	21	we	we	PRON
fsr-3160	348	22	demonstrate	demonstrate	VERB
fsr-3160	348	23	with	with	ADP
fsr-3160	348	24	the	the	DET
fsr-3160	348	25	modified	modify	VERB
fsr-3160	348	26	common	common	ADJ
fsr-3160	348	27	rule	rule	NOUN
fsr-3160	348	28	strategy	strategy	NOUN
fsr-3160	348	29	.	.	PUNCT
fsr-3160	349	1	fig	fig	NOUN
fsr-3160	349	2	.	.	PUNCT
fsr-3160	350	1	7	7	NUM
fsr-3160	350	2	presents	present	VERB
fsr-3160	350	3	the	the	DET
fsr-3160	350	4	retirement	retirement	NOUN
fsr-3160	350	5	income	income	NOUN
fsr-3160	350	6	sources	source	NOUN
fsr-3160	350	7	used	use	VERB
fsr-3160	350	8	to	to	PART
fsr-3160	350	9	satisfy	satisfy	VERB
fsr-3160	350	10	the	the	DET
fsr-3160	350	11	retiree	retiree	NOUN
fsr-3160	350	12	and	and	CCONJ
fsr-3160	350	13	spouse	spouse	NOUN
fsr-3160	350	14	’s	’s	PART
fsr-3160	350	15	income	income	NOUN
fsr-3160	350	16	needs	need	NOUN
fsr-3160	350	17	,	,	PUNCT
fsr-3160	350	18	then	then	ADV
fsr-3160	350	19	later	later	ADV
fsr-3160	350	20	the	the	DET
fsr-3160	350	21	surviving	surviving	NOUN
fsr-3160	350	22	spouse	spouse	NOUN
fsr-3160	350	23	’s	’s	PART
fsr-3160	350	24	income	income	NOUN
fsr-3160	350	25	needs	need	NOUN
fsr-3160	350	26	.	.	PUNCT
fsr-3160	351	1	the	the	DET
fsr-3160	351	2	upper	upper	ADJ
fsr-3160	351	3	panel	panel	NOUN
fsr-3160	351	4	shows	show	VERB
fsr-3160	351	5	the	the	DET
fsr-3160	351	6	results	result	NOUN
fsr-3160	351	7	using	use	VERB
fsr-3160	351	8	the	the	DET
fsr-3160	351	9	common	common	ADJ
fsr-3160	351	10	rule	rule	NOUN
fsr-3160	351	11	withdrawal	withdrawal	NOUN
fsr-3160	351	12	strategy	strategy	NOUN
fsr-3160	351	13	,	,	PUNCT
fsr-3160	351	14	where	where	SCONJ
fsr-3160	351	15	rmds	rmds	NOUN
fsr-3160	351	16	are	be	AUX
fsr-3160	351	17	a	a	DET
fsr-3160	351	18	binding	bind	VERB
fsr-3160	351	19	constraint	constraint	NOUN
fsr-3160	351	20	in	in	ADP
fsr-3160	351	21	years	year	NOUN
fsr-3160	351	22	5–20	5–20	PROPN
fsr-3160	351	23	.	.	PUNCT
fsr-3160	352	1	the	the	DET
fsr-3160	352	2	rmds	rmds	NOUN
fsr-3160	352	3	produce	produce	VERB
fsr-3160	352	4	excess	excess	ADJ
fsr-3160	352	5	income	income	NOUN
fsr-3160	352	6	as	as	SCONJ
fsr-3160	352	7	mentioned	mention	VERB
fsr-3160	352	8	previously	previously	ADV
fsr-3160	352	9	.	.	PUNCT
fsr-3160	353	1	to	to	PART
fsr-3160	353	2	minimize	minimize	VERB
fsr-3160	353	3	the	the	DET
fsr-3160	353	4	effect	effect	NOUN
fsr-3160	353	5	of	of	ADP
fsr-3160	353	6	taxes	taxis	NOUN
fsr-3160	353	7	,	,	PUNCT
fsr-3160	353	8	income	income	NOUN
fsr-3160	353	9	over	over	ADP
fsr-3160	353	10	$	$	SYM
fsr-3160	353	11	140,000	140,000	NUM
fsr-3160	353	12	in	in	ADP
fsr-3160	353	13	years	year	NOUN
fsr-3160	353	14	14–20	14–20	PROPN
fsr-3160	353	15	is	be	AUX
fsr-3160	353	16	reinvested	reinveste	VERB
fsr-3160	353	17	in	in	ADP
fsr-3160	353	18	a	a	DET
fsr-3160	353	19	zero	zero	NUM
fsr-3160	353	20	-	-	PUNCT
fsr-3160	353	21	dividend	dividend	NOUN
fsr-3160	353	22	stock	stock	NOUN
fsr-3160	353	23	mutual	mutual	ADJ
fsr-3160	353	24	fund	fund	NOUN
fsr-3160	353	25	or	or	CCONJ
fsr-3160	353	26	etf	etf	NOUN
fsr-3160	353	27	.	.	PUNCT
fsr-3160	354	1	we	we	PRON
fsr-3160	354	2	assume	assume	VERB
fsr-3160	354	3	this	this	DET
fsr-3160	354	4	zero	zero	NUM
fsr-3160	354	5	-	-	PUNCT
fsr-3160	354	6	dividend	dividend	NOUN
fsr-3160	354	7	investment	investment	NOUN
fsr-3160	354	8	made	make	VERB
fsr-3160	354	9	in	in	ADP
fsr-3160	354	10	these	these	DET
fsr-3160	354	11	later	later	ADJ
fsr-3160	354	12	years	year	NOUN
fsr-3160	354	13	has	have	VERB
fsr-3160	354	14	a	a	DET
fsr-3160	354	15	nominal	nominal	ADJ
fsr-3160	354	16	return	return	NOUN
fsr-3160	354	17	equal	equal	ADJ
fsr-3160	354	18	to	to	ADP
fsr-3160	354	19	the	the	DET
fsr-3160	354	20	stock	stock	NOUN
fsr-3160	354	21	investment	investment	NOUN
fsr-3160	354	22	in	in	ADP
fsr-3160	354	23	the	the	DET
fsr-3160	354	24	retiree	retiree	NOUN
fsr-3160	354	25	’s	’s	PART
fsr-3160	354	26	other	other	ADJ
fsr-3160	354	27	investment	investment	NOUN
fsr-3160	354	28	accounts.16	accounts.16	PROPN
fsr-3160	354	29	fig	fig	NOUN
fsr-3160	354	30	.	.	PUNCT
fsr-3160	355	1	7	7	X
fsr-3160	355	2	.	.	X
fsr-3160	355	3	meeting	meet	VERB
fsr-3160	355	4	after	after	ADP
fsr-3160	355	5	-	-	PUNCT
fsr-3160	355	6	tax	tax	NOUN
fsr-3160	355	7	income	income	NOUN
fsr-3160	355	8	using	use	VERB
fsr-3160	355	9	the	the	DET
fsr-3160	355	10	common	common	ADJ
fsr-3160	355	11	rule	rule	NOUN
fsr-3160	355	12	and	and	CCONJ
fsr-3160	355	13	modified	modify	VERB
fsr-3160	355	14	common	common	ADJ
fsr-3160	355	15	rule	rule	NOUN
fsr-3160	355	16	withdrawal	withdrawal	NOUN
fsr-3160	355	17	strategies	strategy	NOUN
fsr-3160	355	18	and	and	CCONJ
fsr-3160	355	19	conditions	condition	NOUN
fsr-3160	355	20	in	in	ADP
fsr-3160	355	21	table	table	NOUN
fsr-3160	355	22	1	1	NUM
fsr-3160	355	23	with	with	ADP
fsr-3160	355	24	shorter	short	ADJ
fsr-3160	355	25	retirement	retirement	NOUN
fsr-3160	355	26	horizon	horizon	NOUN
fsr-3160	355	27	,	,	PUNCT
fsr-3160	355	28	higher	high	ADJ
fsr-3160	355	29	tax	tax	NOUN
fsr-3160	355	30	-	-	PUNCT
fsr-3160	355	31	deferred	defer	VERB
fsr-3160	355	32	account	account	NOUN
fsr-3160	355	33	starting	start	VERB
fsr-3160	355	34	account	account	NOUN
fsr-3160	355	35	balances	balance	NOUN
fsr-3160	355	36	,	,	PUNCT
fsr-3160	355	37	and	and	CCONJ
fsr-3160	355	38	higher	high	ADJ
fsr-3160	355	39	retiree	retiree	NOUN
fsr-3160	355	40	and	and	CCONJ
fsr-3160	355	41	spouse	spouse	NOUN
fsr-3160	355	42	income	income	NOUN
fsr-3160	355	43	needs	need	NOUN
fsr-3160	355	44	.	.	PUNCT
fsr-3160	356	1	retirees	retiree	NOUN
fsr-3160	356	2	and	and	CCONJ
fsr-3160	356	3	spouses	spouse	NOUN
fsr-3160	356	4	have	have	VERB
fsr-3160	356	5	excessive	excessive	ADJ
fsr-3160	356	6	amounts	amount	NOUN
fsr-3160	356	7	of	of	ADP
fsr-3160	356	8	retirement	retirement	NOUN
fsr-3160	356	9	assets	asset	NOUN
fsr-3160	356	10	.	.	PUNCT
fsr-3160	357	1	j.	j.	PROPN
fsr-3160	357	2	a.	a.	PROPN
fsr-3160	357	3	dilellio	dilellio	PROPN
fsr-3160	357	4	and	and	CCONJ
fsr-3160	357	5	a.	a.	PROPN
fsr-3160	357	6	simon	simon	PROPN
fsr-3160	357	7	/	/	SYM
fsr-3160	357	8	financial	financial	ADJ
fsr-3160	357	9	services	service	NOUN
fsr-3160	357	10	review	review	VERB
fsr-3160	357	11	30	30	NUM
fsr-3160	357	12	(	(	PUNCT
fsr-3160	357	13	2022	2022	NUM
fsr-3160	357	14	)	)	PUNCT
fsr-3160	358	1	223–249	223–249	NUM
fsr-3160	358	2	241	241	NUM
fsr-3160	358	3	the	the	DET
fsr-3160	358	4	lower	low	ADJ
fsr-3160	358	5	panel	panel	NOUN
fsr-3160	358	6	of	of	ADP
fsr-3160	358	7	fig	fig	NOUN
fsr-3160	358	8	.	.	PUNCT
fsr-3160	359	1	7	7	NUM
fsr-3160	359	2	shows	show	VERB
fsr-3160	359	3	drawdowns	drawdown	NOUN
fsr-3160	359	4	with	with	ADP
fsr-3160	359	5	the	the	DET
fsr-3160	359	6	modified	modified	ADJ
fsr-3160	359	7	common	common	ADJ
fsr-3160	359	8	rule	rule	NOUN
fsr-3160	359	9	,	,	PUNCT
fsr-3160	359	10	where	where	SCONJ
fsr-3160	359	11	all	all	DET
fsr-3160	359	12	rmds	rmds	NOUN
fsr-3160	359	13	from	from	ADP
fsr-3160	359	14	the	the	DET
fsr-3160	359	15	tax	tax	NOUN
fsr-3160	359	16	-	-	PUNCT
fsr-3160	359	17	deferred	defer	VERB
fsr-3160	359	18	account	account	NOUN
fsr-3160	359	19	are	be	AUX
fsr-3160	359	20	kept	keep	VERB
fsr-3160	359	21	as	as	ADP
fsr-3160	359	22	a	a	DET
fsr-3160	359	23	non	non	ADJ
fsr-3160	359	24	-	-	ADJ
fsr-3160	359	25	binding	binding	ADJ
fsr-3160	359	26	constraint	constraint	NOUN
fsr-3160	359	27	.	.	PUNCT
fsr-3160	360	1	it	it	PRON
fsr-3160	360	2	also	also	ADV
fsr-3160	360	3	prevents	prevent	VERB
fsr-3160	360	4	excess	excess	ADJ
fsr-3160	360	5	income	income	NOUN
fsr-3160	360	6	from	from	ADP
fsr-3160	360	7	occurring	occur	VERB
fsr-3160	360	8	in	in	ADP
fsr-3160	360	9	years	year	NOUN
fsr-3160	360	10	14–20	14–20	NUM
fsr-3160	360	11	for	for	ADP
fsr-3160	360	12	the	the	DET
fsr-3160	360	13	surviving	surviving	NOUN
fsr-3160	360	14	spouse	spouse	NOUN
fsr-3160	360	15	.	.	PUNCT
fsr-3160	361	1	fig	fig	NOUN
fsr-3160	361	2	.	.	PUNCT
fsr-3160	362	1	8	8	NUM
fsr-3160	362	2	shows	show	VERB
fsr-3160	362	3	the	the	DET
fsr-3160	362	4	taxes	taxis	NOUN
fsr-3160	362	5	paid	pay	VERB
fsr-3160	362	6	corresponding	correspond	VERB
fsr-3160	362	7	to	to	ADP
fsr-3160	362	8	the	the	DET
fsr-3160	362	9	retirement	retirement	NOUN
fsr-3160	362	10	income	income	NOUN
fsr-3160	362	11	decisions	decision	NOUN
fsr-3160	362	12	shown	show	VERB
fsr-3160	362	13	in	in	ADP
fsr-3160	362	14	fig	fig	NOUN
fsr-3160	362	15	.	.	PUNCT
fsr-3160	363	1	7	7	NUM
fsr-3160	363	2	.	.	NOUN
fsr-3160	363	3	similar	similar	ADJ
fsr-3160	363	4	to	to	ADP
fsr-3160	363	5	what	what	PRON
fsr-3160	363	6	appeared	appear	VERB
fsr-3160	363	7	in	in	ADP
fsr-3160	363	8	fig	fig	NOUN
fsr-3160	363	9	.	.	PUNCT
fsr-3160	364	1	6	6	NUM
fsr-3160	364	2	,	,	PUNCT
fsr-3160	364	3	the	the	DET
fsr-3160	364	4	optimal	optimal	ADJ
fsr-3160	364	5	decision	decision	NOUN
fsr-3160	364	6	increases	increase	VERB
fsr-3160	364	7	taxes	taxis	NOUN
fsr-3160	364	8	paid	pay	VERB
fsr-3160	364	9	in	in	ADP
fsr-3160	364	10	earlier	early	ADJ
fsr-3160	364	11	retirement	retirement	NOUN
fsr-3160	364	12	years	year	NOUN
fsr-3160	364	13	.	.	PUNCT
fsr-3160	365	1	however	however	ADV
fsr-3160	365	2	,	,	PUNCT
fsr-3160	365	3	in	in	ADP
fsr-3160	365	4	later	later	ADJ
fsr-3160	365	5	years	year	NOUN
fsr-3160	365	6	,	,	PUNCT
fsr-3160	365	7	taxes	taxis	NOUN
fsr-3160	365	8	paid	pay	VERB
fsr-3160	365	9	with	with	ADP
fsr-3160	365	10	the	the	DET
fsr-3160	365	11	modified	modify	VERB
fsr-3160	365	12	common	common	ADJ
fsr-3160	365	13	rule	rule	NOUN
fsr-3160	365	14	fall	fall	NOUN
fsr-3160	365	15	below	below	ADP
fsr-3160	365	16	those	those	PRON
fsr-3160	365	17	paid	pay	VERB
fsr-3160	365	18	with	with	ADP
fsr-3160	365	19	the	the	DET
fsr-3160	365	20	common	common	ADJ
fsr-3160	365	21	rule	rule	NOUN
fsr-3160	365	22	.	.	PUNCT
fsr-3160	366	1	thus	thus	ADV
fsr-3160	366	2	,	,	PUNCT
fsr-3160	366	3	we	we	PRON
fsr-3160	366	4	see	see	VERB
fsr-3160	366	5	another	another	DET
fsr-3160	366	6	example	example	NOUN
fsr-3160	366	7	where	where	SCONJ
fsr-3160	366	8	the	the	DET
fsr-3160	366	9	benefit	benefit	NOUN
fsr-3160	366	10	of	of	ADP
fsr-3160	366	11	the	the	DET
fsr-3160	366	12	step	step	NOUN
fsr-3160	366	13	-	-	PUNCT
fsr-3160	366	14	up	up	NOUN
fsr-3160	366	15	in	in	ADP
fsr-3160	366	16	cost	cost	NOUN
fsr-3160	366	17	basis	basis	NOUN
fsr-3160	366	18	provided	provide	VERB
fsr-3160	366	19	by	by	ADP
fsr-3160	366	20	the	the	DET
fsr-3160	366	21	taxable	taxable	ADJ
fsr-3160	366	22	brokerage	brokerage	NOUN
fsr-3160	366	23	account	account	NOUN
fsr-3160	366	24	outweighs	outweigh	VERB
fsr-3160	366	25	the	the	DET
fsr-3160	366	26	additional	additional	ADJ
fsr-3160	366	27	and	and	CCONJ
fsr-3160	366	28	earlier	early	ADJ
fsr-3160	366	29	taxes	taxis	NOUN
fsr-3160	366	30	paid	pay	VERB
fsr-3160	366	31	by	by	ADP
fsr-3160	366	32	the	the	DET
fsr-3160	366	33	retiree	retiree	NOUN
fsr-3160	366	34	.	.	PUNCT
fsr-3160	367	1	fig	fig	NOUN
fsr-3160	367	2	.	.	PUNCT
fsr-3160	368	1	8	8	X
fsr-3160	368	2	.	.	PUNCT
fsr-3160	368	3	taxes	taxis	NOUN
fsr-3160	368	4	paid	pay	VERB
fsr-3160	368	5	with	with	ADP
fsr-3160	368	6	the	the	DET
fsr-3160	368	7	common	common	ADJ
fsr-3160	368	8	rule	rule	NOUN
fsr-3160	368	9	withdrawal	withdrawal	NOUN
fsr-3160	368	10	sequence	sequence	NOUN
fsr-3160	368	11	and	and	CCONJ
fsr-3160	368	12	modified	modify	VERB
fsr-3160	368	13	common	common	ADJ
fsr-3160	368	14	rule	rule	NOUN
fsr-3160	368	15	withdrawal	withdrawal	NOUN
fsr-3160	368	16	strategies	strategy	NOUN
fsr-3160	368	17	and	and	CCONJ
fsr-3160	368	18	conditions	condition	NOUN
fsr-3160	368	19	in	in	ADP
fsr-3160	368	20	table	table	NOUN
fsr-3160	368	21	1	1	NUM
fsr-3160	368	22	with	with	ADP
fsr-3160	368	23	shorter	short	ADJ
fsr-3160	368	24	retirement	retirement	NOUN
fsr-3160	368	25	horizon	horizon	NOUN
fsr-3160	368	26	,	,	PUNCT
fsr-3160	368	27	higher	high	ADJ
fsr-3160	368	28	tax	tax	NOUN
fsr-3160	368	29	-	-	PUNCT
fsr-3160	368	30	deferred	defer	VERB
fsr-3160	368	31	account	account	NOUN
fsr-3160	368	32	starting	start	VERB
fsr-3160	368	33	account	account	NOUN
fsr-3160	368	34	balances	balance	NOUN
fsr-3160	368	35	,	,	PUNCT
fsr-3160	368	36	and	and	CCONJ
fsr-3160	368	37	higher	high	ADJ
fsr-3160	368	38	retiree	retiree	NOUN
fsr-3160	368	39	and	and	CCONJ
fsr-3160	368	40	spouse	spouse	NOUN
fsr-3160	368	41	income	income	NOUN
fsr-3160	368	42	needs	need	NOUN
fsr-3160	368	43	.	.	PUNCT
fsr-3160	369	1	retirees	retiree	NOUN
fsr-3160	369	2	and	and	CCONJ
fsr-3160	369	3	spouses	spouse	NOUN
fsr-3160	369	4	have	have	VERB
fsr-3160	369	5	excessive	excessive	ADJ
fsr-3160	369	6	amounts	amount	NOUN
fsr-3160	369	7	of	of	ADP
fsr-3160	369	8	retirement	retirement	NOUN
fsr-3160	369	9	assets	asset	NOUN
fsr-3160	369	10	.	.	PUNCT
fsr-3160	370	1	242	242	NUM
fsr-3160	370	2	j.	j.	PROPN
fsr-3160	370	3	a.	a.	PROPN
fsr-3160	370	4	dilellio	dilellio	PROPN
fsr-3160	370	5	and	and	CCONJ
fsr-3160	370	6	a.	a.	PROPN
fsr-3160	370	7	simon	simon	PROPN
fsr-3160	370	8	/	/	SYM
fsr-3160	370	9	financial	financial	ADJ
fsr-3160	370	10	services	service	NOUN
fsr-3160	370	11	review	review	VERB
fsr-3160	370	12	30	30	NUM
fsr-3160	370	13	(	(	PUNCT
fsr-3160	370	14	2022	2022	NUM
fsr-3160	370	15	)	)	PUNCT
fsr-3160	370	16	223–249	223–249	NUM
fsr-3160	370	17	5	5	NUM
fsr-3160	370	18	.	.	PUNCT
fsr-3160	371	1	sensitivity	sensitivity	NOUN
fsr-3160	371	2	analysis	analysis	NOUN
fsr-3160	371	3	of	of	ADP
fsr-3160	371	4	the	the	DET
fsr-3160	371	5	heir	heir	NOUN
fsr-3160	371	6	's	's	PART
fsr-3160	371	7	tax	tax	NOUN
fsr-3160	371	8	rate	rate	NOUN
fsr-3160	371	9	we	we	PRON
fsr-3160	371	10	begin	begin	VERB
fsr-3160	371	11	by	by	ADP
fsr-3160	371	12	revisiting	revisit	VERB
fsr-3160	371	13	the	the	DET
fsr-3160	371	14	results	result	NOUN
fsr-3160	371	15	from	from	ADP
fsr-3160	371	16	the	the	DET
fsr-3160	371	17	previous	previous	ADJ
fsr-3160	371	18	subsection	subsection	NOUN
fsr-3160	371	19	to	to	PART
fsr-3160	371	20	see	see	VERB
fsr-3160	371	21	how	how	SCONJ
fsr-3160	371	22	portfolio	portfolio	NOUN
fsr-3160	371	23	longevity	longevity	NOUN
fsr-3160	371	24	increases	increase	VERB
fsr-3160	371	25	with	with	ADP
fsr-3160	371	26	the	the	DET
fsr-3160	371	27	modified	modify	VERB
fsr-3160	371	28	common	common	ADJ
fsr-3160	371	29	rule	rule	NOUN
fsr-3160	371	30	strategy	strategy	NOUN
fsr-3160	371	31	and	and	CCONJ
fsr-3160	371	32	changes	change	NOUN
fsr-3160	371	33	with	with	ADP
fsr-3160	371	34	the	the	DET
fsr-3160	371	35	heir	heir	NOUN
fsr-3160	371	36	’s	’s	PART
fsr-3160	371	37	tax	tax	NOUN
fsr-3160	371	38	rate	rate	NOUN
fsr-3160	371	39	.	.	PUNCT
fsr-3160	372	1	recall	recall	VERB
fsr-3160	372	2	that	that	SCONJ
fsr-3160	372	3	the	the	DET
fsr-3160	372	4	modified	modified	ADJ
fsr-3160	372	5	common	common	ADJ
fsr-3160	372	6	rule	rule	NOUN
fsr-3160	372	7	strategy	strategy	NOUN
fsr-3160	372	8	is	be	AUX
fsr-3160	372	9	identical	identical	ADJ
fsr-3160	372	10	to	to	ADP
fsr-3160	372	11	the	the	DET
fsr-3160	372	12	common	common	ADJ
fsr-3160	372	13	rule	rule	NOUN
fsr-3160	372	14	,	,	PUNCT
fsr-3160	372	15	except	except	SCONJ
fsr-3160	372	16	it	it	PRON
fsr-3160	372	17	draws	draw	VERB
fsr-3160	372	18	down	down	ADP
fsr-3160	372	19	the	the	DET
fsr-3160	372	20	tax	tax	NOUN
fsr-3160	372	21	-	-	PUNCT
fsr-3160	372	22	deferred	defer	VERB
fsr-3160	372	23	account	account	NOUN
fsr-3160	372	24	initially	initially	ADV
fsr-3160	372	25	up	up	ADP
fsr-3160	372	26	to	to	ADP
fsr-3160	372	27	the	the	DET
fsr-3160	372	28	heir	heir	NOUN
fsr-3160	372	29	’s	’s	PART
fsr-3160	372	30	tax	tax	NOUN
fsr-3160	372	31	bracket	bracket	NOUN
fsr-3160	372	32	.	.	PUNCT
fsr-3160	373	1	also	also	ADV
fsr-3160	373	2	,	,	PUNCT
fsr-3160	373	3	note	note	VERB
fsr-3160	373	4	that	that	SCONJ
fsr-3160	373	5	the	the	DET
fsr-3160	373	6	common	common	ADJ
fsr-3160	373	7	rule	rule	NOUN
fsr-3160	373	8	strategy	strategy	NOUN
fsr-3160	373	9	is	be	AUX
fsr-3160	373	10	not	not	PART
fsr-3160	373	11	affected	affect	VERB
fsr-3160	373	12	by	by	ADP
fsr-3160	373	13	changing	change	VERB
fsr-3160	373	14	the	the	DET
fsr-3160	373	15	heir	heir	NOUN
fsr-3160	373	16	’s	’s	PART
fsr-3160	373	17	tax	tax	NOUN
fsr-3160	373	18	rate	rate	NOUN
fsr-3160	373	19	.	.	PUNCT
fsr-3160	374	1	the	the	DET
fsr-3160	374	2	results	result	NOUN
fsr-3160	374	3	in	in	ADP
fsr-3160	374	4	table	table	NOUN
fsr-3160	374	5	4	4	NUM
fsr-3160	374	6	suggest	suggest	VERB
fsr-3160	374	7	that	that	SCONJ
fsr-3160	374	8	drawing	draw	VERB
fsr-3160	374	9	down	down	ADP
fsr-3160	374	10	the	the	DET
fsr-3160	374	11	tax	tax	NOUN
fsr-3160	374	12	-	-	PUNCT
fsr-3160	374	13	deferred	defer	VERB
fsr-3160	374	14	account	account	NOUN
fsr-3160	374	15	faster	fast	ADV
fsr-3160	374	16	is	be	AUX
fsr-3160	374	17	more	more	ADV
fsr-3160	374	18	efficient	efficient	ADJ
fsr-3160	374	19	for	for	ADP
fsr-3160	374	20	the	the	DET
fsr-3160	374	21	retiree	retiree	NOUN
fsr-3160	374	22	than	than	SCONJ
fsr-3160	374	23	the	the	DET
fsr-3160	374	24	heir	heir	NOUN
fsr-3160	374	25	to	to	PART
fsr-3160	374	26	pay	pay	VERB
fsr-3160	374	27	income	income	NOUN
fsr-3160	374	28	taxes	taxis	NOUN
fsr-3160	374	29	on	on	ADP
fsr-3160	374	30	these	these	DET
fsr-3160	374	31	distributions	distribution	NOUN
fsr-3160	374	32	.	.	PUNCT
fsr-3160	375	1	however	however	ADV
fsr-3160	375	2	,	,	PUNCT
fsr-3160	375	3	because	because	SCONJ
fsr-3160	375	4	the	the	DET
fsr-3160	375	5	retiree	retiree	NOUN
fsr-3160	375	6	exhausts	exhaust	VERB
fsr-3160	375	7	all	all	PRON
fsr-3160	375	8	of	of	ADP
fsr-3160	375	9	their	their	PRON
fsr-3160	375	10	accounts	account	NOUN
fsr-3160	375	11	,	,	PUNCT
fsr-3160	375	12	delaying	delay	VERB
fsr-3160	375	13	this	this	DET
fsr-3160	375	14	drawdown	drawdown	NOUN
fsr-3160	375	15	when	when	SCONJ
fsr-3160	375	16	the	the	DET
fsr-3160	375	17	retiree	retiree	NOUN
fsr-3160	375	18	has	have	VERB
fsr-3160	375	19	an	an	DET
fsr-3160	375	20	heir	heir	NOUN
fsr-3160	375	21	at	at	ADP
fsr-3160	375	22	a	a	DET
fsr-3160	375	23	lower	low	ADJ
fsr-3160	375	24	tax	tax	NOUN
fsr-3160	375	25	rate	rate	NOUN
fsr-3160	375	26	provides	provide	VERB
fsr-3160	375	27	little	little	ADJ
fsr-3160	375	28	benefit	benefit	NOUN
fsr-3160	375	29	.	.	PUNCT
fsr-3160	376	1	this	this	PRON
fsr-3160	376	2	is	be	AUX
fsr-3160	376	3	primarily	primarily	ADV
fsr-3160	376	4	because	because	SCONJ
fsr-3160	376	5	rmds	rmds	NOUN
fsr-3160	376	6	for	for	ADP
fsr-3160	376	7	these	these	DET
fsr-3160	376	8	distributions	distribution	NOUN
fsr-3160	376	9	are	be	AUX
fsr-3160	376	10	less	less	ADJ
fsr-3160	376	11	tax	tax	NOUN
fsr-3160	376	12	-	-	PUNCT
fsr-3160	376	13	efficient	efficient	ADJ
fsr-3160	376	14	than	than	SCONJ
fsr-3160	376	15	could	could	AUX
fsr-3160	376	16	be	be	AUX
fsr-3160	376	17	realized	realize	VERB
fsr-3160	376	18	by	by	ADP
fsr-3160	376	19	an	an	DET
fsr-3160	376	20	heir	heir	NOUN
fsr-3160	376	21	with	with	ADP
fsr-3160	376	22	a	a	DET
fsr-3160	376	23	lower	low	ADJ
fsr-3160	376	24	marginal	marginal	ADJ
fsr-3160	376	25	tax	tax	NOUN
fsr-3160	376	26	rate	rate	NOUN
fsr-3160	376	27	.	.	PUNCT
fsr-3160	377	1	in	in	ADP
fsr-3160	377	2	the	the	DET
fsr-3160	377	3	extreme	extreme	ADJ
fsr-3160	377	4	case	case	NOUN
fsr-3160	377	5	when	when	SCONJ
fsr-3160	377	6	the	the	DET
fsr-3160	377	7	heir	heir	NOUN
fsr-3160	377	8	is	be	AUX
fsr-3160	377	9	a	a	DET
fsr-3160	377	10	qualifying	qualify	VERB
fsr-3160	377	11	charitable	charitable	ADJ
fsr-3160	377	12	organization	organization	NOUN
fsr-3160	377	13	with	with	ADP
fsr-3160	377	14	a	a	DET
fsr-3160	377	15	0	0	NUM
fsr-3160	377	16	%	%	NOUN
fsr-3160	377	17	tax	tax	NOUN
fsr-3160	377	18	rate	rate	NOUN
fsr-3160	377	19	,	,	PUNCT
fsr-3160	377	20	the	the	DET
fsr-3160	377	21	modified	modified	ADJ
fsr-3160	377	22	common	common	ADJ
fsr-3160	377	23	rule	rule	NOUN
fsr-3160	377	24	strategy	strategy	NOUN
fsr-3160	377	25	provides	provide	VERB
fsr-3160	377	26	only	only	ADV
fsr-3160	377	27	a	a	DET
fsr-3160	377	28	fraction	fraction	NOUN
fsr-3160	377	29	of	of	ADP
fsr-3160	377	30	a	a	DET
fsr-3160	377	31	year	year	NOUN
fsr-3160	377	32	of	of	ADP
fsr-3160	377	33	additional	additional	ADJ
fsr-3160	377	34	longevity	longevity	NOUN
fsr-3160	377	35	.	.	PUNCT
fsr-3160	378	1	we	we	PRON
fsr-3160	378	2	next	next	ADV
fsr-3160	378	3	examined	examine	VERB
fsr-3160	378	4	how	how	SCONJ
fsr-3160	378	5	the	the	DET
fsr-3160	378	6	effect	effect	NOUN
fsr-3160	378	7	changing	change	VERB
fsr-3160	378	8	the	the	DET
fsr-3160	378	9	heir	heir	NOUN
fsr-3160	378	10	’s	’s	PART
fsr-3160	378	11	tax	tax	NOUN
fsr-3160	378	12	rate	rate	NOUN
fsr-3160	378	13	can	can	AUX
fsr-3160	378	14	have	have	VERB
fsr-3160	378	15	on	on	ADP
fsr-3160	378	16	the	the	DET
fsr-3160	378	17	results	result	NOUN
fsr-3160	378	18	in	in	ADP
fsr-3160	378	19	tables	table	NOUN
fsr-3160	378	20	2	2	NUM
fsr-3160	378	21	and	and	CCONJ
fsr-3160	378	22	3	3	NUM
fsr-3160	378	23	.	.	NOUN
fsr-3160	378	24	table	table	NOUN
fsr-3160	378	25	5	5	NUM
fsr-3160	378	26	summarizes	summarize	NOUN
fsr-3160	378	27	the	the	DET
fsr-3160	378	28	results	result	NOUN
fsr-3160	378	29	that	that	PRON
fsr-3160	378	30	vary	vary	VERB
fsr-3160	378	31	the	the	DET
fsr-3160	378	32	heir	heir	NOUN
fsr-3160	378	33	’s	’s	PART
fsr-3160	378	34	tax	tax	NOUN
fsr-3160	378	35	rate	rate	NOUN
fsr-3160	378	36	away	away	ADV
fsr-3160	378	37	from	from	ADP
fsr-3160	378	38	the	the	DET
fsr-3160	378	39	25	25	NUM
fsr-3160	378	40	%	%	NOUN
fsr-3160	378	41	rate	rate	NOUN
fsr-3160	378	42	used	use	VERB
fsr-3160	378	43	to	to	PART
fsr-3160	378	44	produce	produce	VERB
fsr-3160	378	45	table	table	NOUN
fsr-3160	378	46	2	2	NUM
fsr-3160	378	47	when	when	SCONJ
fsr-3160	378	48	the	the	DET
fsr-3160	378	49	retiree	retiree	NOUN
fsr-3160	378	50	and	and	CCONJ
fsr-3160	378	51	spouse	spouse	NOUN
fsr-3160	378	52	have	have	VERB
fsr-3160	378	53	sufficient	sufficient	ADJ
fsr-3160	378	54	retirement	retirement	NOUN
fsr-3160	378	55	assets	asset	NOUN
fsr-3160	378	56	.	.	PUNCT
fsr-3160	379	1	we	we	PRON
fsr-3160	379	2	also	also	ADV
fsr-3160	379	3	applied	apply	VERB
fsr-3160	379	4	the	the	DET
fsr-3160	379	5	modified	modified	ADJ
fsr-3160	379	6	common	common	ADJ
fsr-3160	379	7	rule	rule	NOUN
fsr-3160	379	8	withdrawal	withdrawal	NOUN
fsr-3160	379	9	strategy	strategy	NOUN
fsr-3160	379	10	to	to	ADP
fsr-3160	379	11	each	each	PRON
fsr-3160	379	12	of	of	ADP
fsr-3160	379	13	these	these	DET
fsr-3160	379	14	examples	example	NOUN
fsr-3160	379	15	,	,	PUNCT
fsr-3160	379	16	and	and	CCONJ
fsr-3160	379	17	we	we	PRON
fsr-3160	379	18	found	find	VERB
fsr-3160	379	19	the	the	DET
fsr-3160	379	20	slsqp	slsqp	ADJ
fsr-3160	379	21	strategy	strategy	NOUN
fsr-3160	379	22	always	always	ADV
fsr-3160	379	23	provided	provide	VERB
fsr-3160	379	24	a	a	DET
fsr-3160	379	25	higher	high	ADJ
fsr-3160	379	26	wealth	wealth	NOUN
fsr-3160	379	27	transfer	transfer	NOUN
fsr-3160	379	28	to	to	ADP
fsr-3160	379	29	the	the	DET
fsr-3160	379	30	heir	heir	NOUN
fsr-3160	379	31	.	.	PUNCT
fsr-3160	380	1	the	the	DET
fsr-3160	380	2	primary	primary	ADJ
fsr-3160	380	3	observation	observation	NOUN
fsr-3160	380	4	here	here	ADV
fsr-3160	380	5	is	be	AUX
fsr-3160	380	6	that	that	SCONJ
fsr-3160	380	7	the	the	DET
fsr-3160	380	8	slsqp	slsqp	PROPN
fsr-3160	380	9	withdrawal	withdrawal	NOUN
fsr-3160	380	10	strategy	strategy	NOUN
fsr-3160	380	11	provides	provide	VERB
fsr-3160	380	12	the	the	DET
fsr-3160	380	13	greatest	great	ADJ
fsr-3160	380	14	improvement	improvement	NOUN
fsr-3160	380	15	when	when	SCONJ
fsr-3160	380	16	the	the	DET
fsr-3160	380	17	heir	heir	NOUN
fsr-3160	380	18	’s	’s	PART
fsr-3160	380	19	tax	tax	NOUN
fsr-3160	380	20	rate	rate	NOUN
fsr-3160	380	21	is	be	AUX
fsr-3160	380	22	higher	high	ADJ
fsr-3160	380	23	.	.	PUNCT
fsr-3160	381	1	table	table	NOUN
fsr-3160	381	2	6	6	NUM
fsr-3160	381	3	provides	provide	VERB
fsr-3160	381	4	a	a	DET
fsr-3160	381	5	similar	similar	ADJ
fsr-3160	381	6	sensitivity	sensitivity	NOUN
fsr-3160	381	7	analysis	analysis	NOUN
fsr-3160	381	8	,	,	PUNCT
fsr-3160	381	9	using	use	VERB
fsr-3160	381	10	conditions	condition	NOUN
fsr-3160	381	11	used	use	VERB
fsr-3160	381	12	to	to	PART
fsr-3160	381	13	create	create	VERB
fsr-3160	381	14	table	table	NOUN
fsr-3160	381	15	3	3	NUM
fsr-3160	381	16	when	when	SCONJ
fsr-3160	381	17	the	the	DET
fsr-3160	381	18	retiree	retiree	NOUN
fsr-3160	381	19	and	and	CCONJ
fsr-3160	381	20	spouse	spouse	NOUN
fsr-3160	381	21	have	have	VERB
fsr-3160	381	22	excessive	excessive	ADJ
fsr-3160	381	23	retirement	retirement	NOUN
fsr-3160	381	24	assets	asset	NOUN
fsr-3160	381	25	.	.	PUNCT
fsr-3160	382	1	we	we	PRON
fsr-3160	382	2	also	also	ADV
fsr-3160	382	3	applied	apply	VERB
fsr-3160	382	4	the	the	DET
fsr-3160	382	5	slsqp	slsqp	PROPN
fsr-3160	382	6	withdrawal	withdrawal	NOUN
fsr-3160	382	7	strategy	strategy	NOUN
fsr-3160	382	8	but	but	CCONJ
fsr-3160	382	9	found	find	VERB
fsr-3160	382	10	that	that	SCONJ
fsr-3160	382	11	the	the	DET
fsr-3160	382	12	modified	modify	VERB
fsr-3160	382	13	common	common	ADJ
fsr-3160	382	14	rule	rule	NOUN
fsr-3160	382	15	strategy	strategy	NOUN
fsr-3160	382	16	was	be	AUX
fsr-3160	382	17	superior	superior	ADJ
fsr-3160	382	18	in	in	ADP
fsr-3160	382	19	all	all	DET
fsr-3160	382	20	cases	case	NOUN
fsr-3160	382	21	we	we	PRON
fsr-3160	382	22	examined	examine	VERB
fsr-3160	382	23	.	.	PUNCT
fsr-3160	383	1	also	also	ADV
fsr-3160	383	2	,	,	PUNCT
fsr-3160	383	3	the	the	DET
fsr-3160	383	4	slsqp	slsqp	NOUN
fsr-3160	383	5	had	have	AUX
fsr-3160	383	6	very	very	ADV
fsr-3160	383	7	long	long	ADJ
fsr-3160	383	8	run	run	NOUN
fsr-3160	383	9	times	time	NOUN
fsr-3160	383	10	in	in	ADP
fsr-3160	383	11	each	each	DET
fsr-3160	383	12	case	case	NOUN
fsr-3160	383	13	in	in	ADP
fsr-3160	383	14	table	table	NOUN
fsr-3160	383	15	6	6	NUM
fsr-3160	383	16	.	.	PUNCT
fsr-3160	383	17	table	table	NOUN
fsr-3160	383	18	4	4	NUM
fsr-3160	383	19	portfolio	portfolio	NOUN
fsr-3160	383	20	longevity	longevity	NOUN
fsr-3160	383	21	sensitivity	sensitivity	NOUN
fsr-3160	383	22	(	(	PUNCT
fsr-3160	383	23	years	year	NOUN
fsr-3160	383	24	)	)	PUNCT
fsr-3160	383	25	to	to	ADP
fsr-3160	383	26	heir	heir	VERB
fsr-3160	383	27	’s	’s	PART
fsr-3160	383	28	tax	tax	NOUN
fsr-3160	383	29	rate	rate	NOUN
fsr-3160	383	30	sheir	sheir	VERB
fsr-3160	383	31	common	common	ADJ
fsr-3160	383	32	rule	rule	NOUN
fsr-3160	383	33	modified	modify	VERB
fsr-3160	383	34	common	common	ADJ
fsr-3160	383	35	rule	rule	NOUN
fsr-3160	383	36	improvement	improvement	NOUN
fsr-3160	383	37	vs.	vs.	ADP
fsr-3160	383	38	common	common	ADJ
fsr-3160	383	39	rule	rule	NOUN
fsr-3160	383	40	equivalent	equivalent	ADJ
fsr-3160	383	41	tax	tax	NOUN
fsr-3160	383	42	alpha	alpha	NOUN
fsr-3160	383	43	0	0	NUM
fsr-3160	383	44	%	%	NOUN
fsr-3160	383	45	36.5	36.5	NUM
fsr-3160	383	46	36.8	36.8	NUM
fsr-3160	383	47	0.3	0.3	NUM
fsr-3160	383	48	0.03	0.03	NUM
fsr-3160	383	49	%	%	NOUN
fsr-3160	383	50	15	15	NUM
fsr-3160	383	51	%	%	NOUN
fsr-3160	383	52	36.5	36.5	NUM
fsr-3160	383	53	37.5	37.5	NUM
fsr-3160	383	54	1.0	1.0	NUM
fsr-3160	383	55	0.11	0.11	NUM
fsr-3160	383	56	%	%	NOUN
fsr-3160	383	57	25	25	NUM
fsr-3160	383	58	%	%	NOUN
fsr-3160	383	59	36.5	36.5	NUM
fsr-3160	383	60	39.7	39.7	NUM
fsr-3160	383	61	3.2	3.2	NUM
fsr-3160	383	62	0.35	0.35	NUM
fsr-3160	383	63	%	%	NOUN
fsr-3160	383	64	35	35	NUM
fsr-3160	383	65	%	%	NOUN
fsr-3160	383	66	36.5	36.5	NUM
fsr-3160	383	67	39.7	39.7	NUM
fsr-3160	383	68	3.2	3.2	NUM
fsr-3160	383	69	0.35	0.35	NUM
fsr-3160	383	70	%	%	NOUN
fsr-3160	383	71	note	note	NOUN
fsr-3160	383	72	:	:	PUNCT
fsr-3160	383	73	base	base	NOUN
fsr-3160	383	74	case	case	NOUN
fsr-3160	383	75	results	result	VERB
fsr-3160	383	76	use	use	VERB
fsr-3160	383	77	inputs	input	NOUN
fsr-3160	383	78	from	from	ADP
fsr-3160	383	79	table	table	NOUN
fsr-3160	383	80	1	1	NUM
fsr-3160	383	81	with	with	ADP
fsr-3160	383	82	t	t	PROPN
fsr-3160	383	83	heir	heir	NOUN
fsr-3160	383	84	=	=	SYM
fsr-3160	383	85	25	25	NUM
fsr-3160	383	86	%	%	NOUN
fsr-3160	383	87	.	.	PUNCT
fsr-3160	384	1	retiree	retiree	NOUN
fsr-3160	384	2	and	and	CCONJ
fsr-3160	384	3	spouse	spouse	NOUN
fsr-3160	384	4	have	have	VERB
fsr-3160	384	5	insufficient	insufficient	ADJ
fsr-3160	384	6	funds	fund	NOUN
fsr-3160	384	7	for	for	ADP
fsr-3160	384	8	retirement	retirement	NOUN
fsr-3160	384	9	.	.	PUNCT
fsr-3160	385	1	table	table	NOUN
fsr-3160	385	2	5	5	NUM
fsr-3160	385	3	wealth	wealth	NOUN
fsr-3160	385	4	transfer	transfer	NOUN
fsr-3160	385	5	sensitivity	sensitivity	NOUN
fsr-3160	385	6	to	to	AUX
fsr-3160	385	7	heir	heir	NOUN
fsr-3160	385	8	’s	’s	PART
fsr-3160	385	9	tax	tax	NOUN
fsr-3160	385	10	rate	rate	NOUN
fsr-3160	385	11	sheir	sheir	VERB
fsr-3160	385	12	common	common	ADJ
fsr-3160	385	13	rule	rule	NOUN
fsr-3160	385	14	slsqp	slsqp	VERB
fsr-3160	385	15	$	$	SYM
fsr-3160	385	16	improvement	improvement	NOUN
fsr-3160	385	17	vs.	vs.	ADP
fsr-3160	385	18	common	common	ADJ
fsr-3160	385	19	rule	rule	NOUN
fsr-3160	385	20	equivalent	equivalent	ADJ
fsr-3160	385	21	tax	tax	NOUN
fsr-3160	385	22	alpha	alpha	NOUN
fsr-3160	385	23	0	0	NUM
fsr-3160	385	24	%	%	NOUN
fsr-3160	385	25	$	$	SYM
fsr-3160	385	26	1,417,828	1,417,828	NUM
fsr-3160	385	27	$	$	SYM
fsr-3160	385	28	1,544,800	1,544,800	NUM
fsr-3160	385	29	$	$	SYM
fsr-3160	385	30	126,972	126,972	NUM
fsr-3160	385	31	0.21	0.21	NUM
fsr-3160	385	32	%	%	NOUN
fsr-3160	385	33	15	15	NUM
fsr-3160	385	34	%	%	NOUN
fsr-3160	385	35	$	$	SYM
fsr-3160	385	36	1,339,876	1,339,876	NUM
fsr-3160	385	37	$	$	SYM
fsr-3160	385	38	1,524,163	1,524,163	NUM
fsr-3160	385	39	$	$	SYM
fsr-3160	385	40	184,287	184,287	NUM
fsr-3160	385	41	0.33	0.33	NUM
fsr-3160	385	42	%	%	NOUN
fsr-3160	385	43	25	25	NUM
fsr-3160	385	44	%	%	NOUN
fsr-3160	385	45	$	$	SYM
fsr-3160	385	46	1,287,908	1,287,908	NUM
fsr-3160	385	47	$	$	SYM
fsr-3160	385	48	1,571,185	1,571,185	NUM
fsr-3160	385	49	$	$	SYM
fsr-3160	385	50	283,277	283,277	NUM
fsr-3160	385	51	0.54	0.54	NUM
fsr-3160	385	52	%	%	NOUN
fsr-3160	385	53	35	35	NUM
fsr-3160	385	54	%	%	NOUN
fsr-3160	385	55	$	$	SYM
fsr-3160	385	56	1,235,940	1,235,940	NUM
fsr-3160	385	57	$	$	SYM
fsr-3160	385	58	1,568,913	1,568,913	NUM
fsr-3160	385	59	$	$	SYM
fsr-3160	385	60	332,973	332,973	NUM
fsr-3160	385	61	0.69	0.69	NUM
fsr-3160	385	62	%	%	NOUN
fsr-3160	385	63	note	note	NOUN
fsr-3160	385	64	:	:	PUNCT
fsr-3160	385	65	base	base	NOUN
fsr-3160	385	66	case	case	NOUN
fsr-3160	385	67	results	result	VERB
fsr-3160	385	68	use	use	VERB
fsr-3160	385	69	inputs	input	NOUN
fsr-3160	385	70	from	from	ADP
fsr-3160	385	71	table	table	NOUN
fsr-3160	385	72	1	1	NUM
fsr-3160	385	73	,	,	PUNCT
fsr-3160	385	74	but	but	CCONJ
fsr-3160	385	75	shortened	shorten	VERB
fsr-3160	385	76	retiree	retiree	NOUN
fsr-3160	385	77	’s	’s	PART
fsr-3160	385	78	horizon	horizon	NOUN
fsr-3160	385	79	to	to	ADP
fsr-3160	385	80	15	15	NUM
fsr-3160	385	81	years	year	NOUN
fsr-3160	385	82	and	and	CCONJ
fsr-3160	385	83	spouse	spouse	NOUN
fsr-3160	385	84	’s	’s	PART
fsr-3160	385	85	horizon	horizon	NOUN
fsr-3160	385	86	to	to	ADP
fsr-3160	385	87	20	20	NUM
fsr-3160	385	88	years	year	NOUN
fsr-3160	385	89	.	.	PUNCT
fsr-3160	386	1	retiree	retiree	NOUN
fsr-3160	386	2	and	and	CCONJ
fsr-3160	386	3	spouse	spouse	NOUN
fsr-3160	386	4	have	have	VERB
fsr-3160	386	5	sufficient	sufficient	ADJ
fsr-3160	386	6	retirement	retirement	NOUN
fsr-3160	386	7	assets	asset	NOUN
fsr-3160	386	8	.	.	PUNCT
fsr-3160	387	1	slsqp	slsqp	PROPN
fsr-3160	387	2	=	=	SYM
fsr-3160	387	3	sequential	sequential	ADJ
fsr-3160	387	4	least	least	ADJ
fsr-3160	387	5	squares	square	NOUN
fsr-3160	387	6	programming	programming	NOUN
fsr-3160	387	7	.	.	PUNCT
fsr-3160	388	1	j.	j.	PROPN
fsr-3160	388	2	a.	a.	PROPN
fsr-3160	388	3	dilellio	dilellio	PROPN
fsr-3160	388	4	and	and	CCONJ
fsr-3160	388	5	a.	a.	PROPN
fsr-3160	388	6	simon	simon	PROPN
fsr-3160	388	7	/	/	SYM
fsr-3160	388	8	financial	financial	ADJ
fsr-3160	388	9	services	service	NOUN
fsr-3160	388	10	review	review	VERB
fsr-3160	388	11	30	30	NUM
fsr-3160	388	12	(	(	PUNCT
fsr-3160	388	13	2022	2022	NUM
fsr-3160	388	14	)	)	PUNCT
fsr-3160	389	1	223–249	223–249	NUM
fsr-3160	389	2	243	243	NUM
fsr-3160	389	3	similar	similar	ADJ
fsr-3160	389	4	to	to	ADP
fsr-3160	389	5	table	table	NOUN
fsr-3160	389	6	4	4	NUM
fsr-3160	389	7	,	,	PUNCT
fsr-3160	389	8	table	table	NOUN
fsr-3160	389	9	6	6	NUM
fsr-3160	389	10	shows	show	VERB
fsr-3160	389	11	that	that	SCONJ
fsr-3160	389	12	the	the	DET
fsr-3160	389	13	modified	modified	ADJ
fsr-3160	389	14	common	common	ADJ
fsr-3160	389	15	rule	rule	NOUN
fsr-3160	389	16	withdrawal	withdrawal	NOUN
fsr-3160	389	17	strategy	strategy	NOUN
fsr-3160	389	18	provides	provide	VERB
fsr-3160	389	19	the	the	DET
fsr-3160	389	20	greatest	great	ADJ
fsr-3160	389	21	improvement	improvement	NOUN
fsr-3160	389	22	when	when	SCONJ
fsr-3160	389	23	the	the	DET
fsr-3160	389	24	heir	heir	NOUN
fsr-3160	389	25	’s	’s	PART
fsr-3160	389	26	tax	tax	NOUN
fsr-3160	389	27	rate	rate	NOUN
fsr-3160	389	28	is	be	AUX
fsr-3160	389	29	higher	high	ADJ
fsr-3160	389	30	.	.	PUNCT
fsr-3160	390	1	tables	table	NOUN
fsr-3160	390	2	4	4	NUM
fsr-3160	390	3	,	,	PUNCT
fsr-3160	390	4	5	5	NUM
fsr-3160	390	5	,	,	PUNCT
fsr-3160	390	6	and	and	CCONJ
fsr-3160	390	7	6	6	NUM
fsr-3160	390	8	indicate	indicate	VERB
fsr-3160	390	9	that	that	SCONJ
fsr-3160	390	10	the	the	DET
fsr-3160	390	11	common	common	ADJ
fsr-3160	390	12	rule	rule	NOUN
fsr-3160	390	13	withdrawal	withdrawal	NOUN
fsr-3160	390	14	strategy	strategy	NOUN
fsr-3160	390	15	can	can	AUX
fsr-3160	390	16	provide	provide	VERB
fsr-3160	390	17	an	an	DET
fsr-3160	390	18	important	important	ADJ
fsr-3160	390	19	diagnostic	diagnostic	NOUN
fsr-3160	390	20	.	.	PUNCT
fsr-3160	391	1	recall	recall	VERB
fsr-3160	391	2	the	the	DET
fsr-3160	391	3	results	result	NOUN
fsr-3160	391	4	from	from	ADP
fsr-3160	391	5	table	table	NOUN
fsr-3160	391	6	5	5	NUM
fsr-3160	391	7	were	be	AUX
fsr-3160	391	8	based	base	VERB
fsr-3160	391	9	on	on	ADP
fsr-3160	391	10	the	the	DET
fsr-3160	391	11	common	common	ADJ
fsr-3160	391	12	rule	rule	NOUN
fsr-3160	391	13	that	that	PRON
fsr-3160	391	14	produced	produce	VERB
fsr-3160	391	15	no	no	DET
fsr-3160	391	16	excess	excess	ADJ
fsr-3160	391	17	income	income	NOUN
fsr-3160	391	18	,	,	PUNCT
fsr-3160	391	19	or	or	CCONJ
fsr-3160	391	20	involuntary	involuntary	ADJ
fsr-3160	391	21	income	income	NOUN
fsr-3160	391	22	above	above	ADP
fsr-3160	391	23	the	the	DET
fsr-3160	391	24	income	income	NOUN
fsr-3160	391	25	need	need	NOUN
fsr-3160	391	26	.	.	PUNCT
fsr-3160	392	1	in	in	ADP
fsr-3160	392	2	all	all	DET
fsr-3160	392	3	situations	situation	NOUN
fsr-3160	392	4	where	where	SCONJ
fsr-3160	392	5	this	this	PRON
fsr-3160	392	6	occurred	occur	VERB
fsr-3160	392	7	,	,	PUNCT
fsr-3160	392	8	the	the	DET
fsr-3160	392	9	slsqp	slsqp	ADJ
fsr-3160	392	10	strategy	strategy	NOUN
fsr-3160	392	11	always	always	ADV
fsr-3160	392	12	produced	produce	VERB
fsr-3160	392	13	superior	superior	ADJ
fsr-3160	392	14	results	result	NOUN
fsr-3160	392	15	.	.	PUNCT
fsr-3160	393	1	similarly	similarly	ADV
fsr-3160	393	2	,	,	PUNCT
fsr-3160	393	3	tables	table	VERB
fsr-3160	393	4	4	4	NUM
fsr-3160	393	5	and	and	CCONJ
fsr-3160	393	6	6	6	NUM
fsr-3160	393	7	showed	show	VERB
fsr-3160	393	8	that	that	SCONJ
fsr-3160	393	9	the	the	DET
fsr-3160	393	10	modified	modified	ADJ
fsr-3160	393	11	common	common	ADJ
fsr-3160	393	12	rule	rule	NOUN
fsr-3160	393	13	strategy	strategy	NOUN
fsr-3160	393	14	was	be	AUX
fsr-3160	393	15	superior	superior	ADJ
fsr-3160	393	16	in	in	ADP
fsr-3160	393	17	the	the	DET
fsr-3160	393	18	presence	presence	NOUN
fsr-3160	393	19	of	of	ADP
fsr-3160	393	20	insufficient	insufficient	ADJ
fsr-3160	393	21	or	or	CCONJ
fsr-3160	393	22	excess	excess	ADJ
fsr-3160	393	23	income	income	NOUN
fsr-3160	393	24	.	.	PUNCT
fsr-3160	394	1	and	and	CCONJ
fsr-3160	394	2	,	,	PUNCT
fsr-3160	394	3	in	in	ADP
fsr-3160	394	4	the	the	DET
fsr-3160	394	5	case	case	NOUN
fsr-3160	394	6	of	of	ADP
fsr-3160	394	7	table	table	NOUN
fsr-3160	394	8	6	6	NUM
fsr-3160	394	9	,	,	PUNCT
fsr-3160	394	10	provided	provide	VERB
fsr-3160	394	11	significantly	significantly	ADV
fsr-3160	394	12	shorter	short	ADJ
fsr-3160	394	13	computational	computational	ADJ
fsr-3160	394	14	run	run	NOUN
fsr-3160	394	15	times	time	NOUN
fsr-3160	394	16	and	and	CCONJ
fsr-3160	394	17	guaranteed	guarantee	VERB
fsr-3160	394	18	a	a	DET
fsr-3160	394	19	solution	solution	NOUN
fsr-3160	394	20	that	that	PRON
fsr-3160	394	21	satisfied	satisfy	VERB
fsr-3160	394	22	all	all	DET
fsr-3160	394	23	constraints	constraint	NOUN
fsr-3160	394	24	.	.	PUNCT
fsr-3160	395	1	5.1	5.1	NUM
fsr-3160	395	2	.	.	PUNCT
fsr-3160	396	1	sensitivity	sensitivity	NOUN
fsr-3160	396	2	analysis	analysis	NOUN
fsr-3160	396	3	to	to	PART
fsr-3160	396	4	understand	understand	VERB
fsr-3160	396	5	the	the	DET
fsr-3160	396	6	effect	effect	NOUN
fsr-3160	396	7	of	of	ADP
fsr-3160	396	8	selected	select	VERB
fsr-3160	396	9	parameters	parameter	NOUN
fsr-3160	396	10	,	,	PUNCT
fsr-3160	396	11	we	we	PRON
fsr-3160	396	12	recalculated	recalculate	VERB
fsr-3160	396	13	the	the	DET
fsr-3160	396	14	results	result	NOUN
fsr-3160	396	15	from	from	ADP
fsr-3160	396	16	the	the	DET
fsr-3160	396	17	previous	previous	ADJ
fsr-3160	396	18	sections	section	NOUN
fsr-3160	396	19	,	,	PUNCT
fsr-3160	396	20	using	use	VERB
fsr-3160	396	21	high	high	ADJ
fsr-3160	396	22	and	and	CCONJ
fsr-3160	396	23	low	low	ADJ
fsr-3160	396	24	values	value	NOUN
fsr-3160	396	25	that	that	PRON
fsr-3160	396	26	appear	appear	VERB
fsr-3160	396	27	below	below	ADV
fsr-3160	396	28	in	in	ADP
fsr-3160	396	29	table	table	NOUN
fsr-3160	396	30	7	7	NUM
fsr-3160	396	31	.	.	PUNCT
fsr-3160	397	1	we	we	PRON
fsr-3160	397	2	changed	change	VERB
fsr-3160	397	3	each	each	DET
fsr-3160	397	4	value	value	NOUN
fsr-3160	397	5	throughout	throughout	ADP
fsr-3160	397	6	the	the	DET
fsr-3160	397	7	forecast	forecast	NOUN
fsr-3160	397	8	,	,	PUNCT
fsr-3160	397	9	except	except	SCONJ
fsr-3160	397	10	for	for	ADP
fsr-3160	397	11	the	the	DET
fsr-3160	397	12	values	value	NOUN
fsr-3160	397	13	in	in	ADP
fsr-3160	397	14	the	the	DET
fsr-3160	397	15	second	second	NOUN
fsr-3160	397	16	to	to	ADP
fsr-3160	397	17	the	the	DET
fsr-3160	397	18	last	last	ADJ
fsr-3160	397	19	row	row	NOUN
fsr-3160	397	20	.	.	PUNCT
fsr-3160	398	1	in	in	ADP
fsr-3160	398	2	the	the	DET
fsr-3160	398	3	row	row	NOUN
fsr-3160	398	4	labeled	label	VERB
fsr-3160	398	5	“	"	PUNCT
fsr-3160	398	6	percent	percent	NOUN
fsr-3160	398	7	increase	increase	NOUN
fsr-3160	398	8	to	to	ADP
fsr-3160	398	9	tax	tax	NOUN
fsr-3160	398	10	rates	rate	NOUN
fsr-3160	398	11	,	,	PUNCT
fsr-3160	398	12	”	"	PUNCT
fsr-3160	398	13	we	we	PRON
fsr-3160	398	14	assumed	assume	VERB
fsr-3160	398	15	it	it	PRON
fsr-3160	398	16	begins	begin	VERB
fsr-3160	398	17	in	in	ADP
fsr-3160	398	18	2026	2026	NUM
fsr-3160	398	19	,	,	PUNCT
fsr-3160	398	20	which	which	PRON
fsr-3160	398	21	is	be	AUX
fsr-3160	398	22	the	the	DET
fsr-3160	398	23	year	year	NOUN
fsr-3160	398	24	the	the	DET
fsr-3160	398	25	2017	2017	NUM
fsr-3160	398	26	tax	tax	NOUN
fsr-3160	398	27	cuts	cut	NOUN
fsr-3160	398	28	and	and	CCONJ
fsr-3160	398	29	jobs	job	NOUN
fsr-3160	398	30	act	act	NOUN
fsr-3160	398	31	(	(	PUNCT
fsr-3160	398	32	tcja	tcja	NOUN
fsr-3160	398	33	)	)	PUNCT
fsr-3160	398	34	expires	expire	VERB
fsr-3160	398	35	.	.	PUNCT
fsr-3160	399	1	we	we	PRON
fsr-3160	399	2	chose	choose	VERB
fsr-3160	399	3	the	the	DET
fsr-3160	399	4	high	high	ADJ
fsr-3160	399	5	and	and	CCONJ
fsr-3160	399	6	low	low	ADJ
fsr-3160	399	7	values	value	NOUN
fsr-3160	399	8	based	base	VERB
fsr-3160	399	9	on	on	ADP
fsr-3160	399	10	ranges	range	NOUN
fsr-3160	399	11	observed	observe	VERB
fsr-3160	399	12	from	from	ADP
fsr-3160	399	13	historical	historical	ADJ
fsr-3160	399	14	averages	average	NOUN
fsr-3160	399	15	.	.	PUNCT
fsr-3160	400	1	for	for	ADP
fsr-3160	400	2	an	an	DET
fsr-3160	400	3	excellent	excellent	ADJ
fsr-3160	400	4	history	history	NOUN
fsr-3160	400	5	of	of	ADP
fsr-3160	400	6	income	income	NOUN
fsr-3160	400	7	tax	tax	NOUN
fsr-3160	400	8	rates	rate	NOUN
fsr-3160	400	9	from	from	ADP
fsr-3160	400	10	1916	1916	NUM
fsr-3160	400	11	to	to	ADP
fsr-3160	400	12	1999	1999	NUM
fsr-3160	400	13	(	(	PUNCT
fsr-3160	400	14	see	see	VERB
fsr-3160	400	15	sialm	sialm	NOUN
fsr-3160	400	16	(	(	PUNCT
fsr-3160	400	17	2006	2006	NUM
fsr-3160	400	18	)	)	PUNCT
fsr-3160	400	19	.	.	PUNCT
fsr-3160	401	1	fig	fig	NOUN
fsr-3160	401	2	.	.	PUNCT
fsr-3160	402	1	9	9	NUM
fsr-3160	402	2	shows	show	VERB
fsr-3160	402	3	how	how	SCONJ
fsr-3160	402	4	the	the	DET
fsr-3160	402	5	tax	tax	NOUN
fsr-3160	402	6	alpha	alpha	NOUN
fsr-3160	402	7	of	of	ADP
fsr-3160	402	8	0.35	0.35	NUM
fsr-3160	402	9	%	%	NOUN
fsr-3160	402	10	changes	change	NOUN
fsr-3160	402	11	using	use	VERB
fsr-3160	402	12	the	the	DET
fsr-3160	402	13	modified	modified	ADJ
fsr-3160	402	14	common	common	ADJ
fsr-3160	402	15	rule	rule	NOUN
fsr-3160	402	16	strategy	strategy	NOUN
fsr-3160	402	17	changes	change	NOUN
fsr-3160	402	18	.	.	PUNCT
fsr-3160	403	1	the	the	DET
fsr-3160	403	2	tax	tax	NOUN
fsr-3160	403	3	alpha	alpha	NOUN
fsr-3160	403	4	is	be	AUX
fsr-3160	403	5	most	most	ADV
fsr-3160	403	6	sensitive	sensitive	ADJ
fsr-3160	403	7	to	to	ADP
fsr-3160	403	8	increasing	increase	VERB
fsr-3160	403	9	tax	tax	NOUN
fsr-3160	403	10	rates	rate	NOUN
fsr-3160	403	11	,	,	PUNCT
fsr-3160	403	12	exceeding	exceed	VERB
fsr-3160	403	13	0.50	0.50	NUM
fsr-3160	403	14	%	%	NOUN
fsr-3160	403	15	if	if	SCONJ
fsr-3160	403	16	tax	tax	NOUN
fsr-3160	403	17	rates	rate	NOUN
fsr-3160	403	18	increase	increase	VERB
fsr-3160	403	19	in	in	ADP
fsr-3160	403	20	the	the	DET
fsr-3160	403	21	future	future	NOUN
fsr-3160	403	22	.	.	PUNCT
fsr-3160	404	1	increasing	increase	VERB
fsr-3160	404	2	the	the	DET
fsr-3160	404	3	allocation	allocation	NOUN
fsr-3160	404	4	towards	towards	ADP
fsr-3160	404	5	bonds	bond	NOUN
fsr-3160	404	6	also	also	ADV
fsr-3160	404	7	increases	increase	VERB
fsr-3160	404	8	tax	tax	NOUN
fsr-3160	404	9	alpha	alpha	NOUN
fsr-3160	404	10	,	,	PUNCT
fsr-3160	404	11	as	as	SCONJ
fsr-3160	404	12	there	there	PRON
fsr-3160	404	13	is	be	VERB
fsr-3160	404	14	a	a	DET
fsr-3160	404	15	greater	great	ADJ
fsr-3160	404	16	opportunity	opportunity	NOUN
fsr-3160	404	17	for	for	ADP
fsr-3160	404	18	tax	tax	NOUN
fsr-3160	404	19	efficiency	efficiency	NOUN
fsr-3160	404	20	.	.	PUNCT
fsr-3160	405	1	interestingly	interestingly	ADV
fsr-3160	405	2	,	,	PUNCT
fsr-3160	405	3	there	there	PRON
fsr-3160	405	4	appears	appear	VERB
fsr-3160	405	5	to	to	PART
fsr-3160	405	6	be	be	AUX
fsr-3160	405	7	little	little	ADJ
fsr-3160	405	8	sensitivity	sensitivity	NOUN
fsr-3160	405	9	to	to	ADP
fsr-3160	405	10	stock	stock	NOUN
fsr-3160	405	11	and	and	CCONJ
fsr-3160	405	12	bond	bond	NOUN
fsr-3160	405	13	rate	rate	NOUN
fsr-3160	405	14	of	of	ADP
fsr-3160	405	15	returns	return	NOUN
fsr-3160	405	16	,	,	PUNCT
fsr-3160	405	17	indicating	indicate	VERB
fsr-3160	405	18	the	the	DET
fsr-3160	405	19	robustness	robustness	NOUN
fsr-3160	405	20	of	of	ADP
fsr-3160	405	21	tax	tax	NOUN
fsr-3160	405	22	alpha	alpha	NOUN
fsr-3160	405	23	to	to	PART
fsr-3160	405	24	longterm	longterm	VERB
fsr-3160	405	25	market	market	NOUN
fsr-3160	405	26	return	return	NOUN
fsr-3160	405	27	trends	trend	NOUN
fsr-3160	405	28	.	.	PUNCT
fsr-3160	406	1	fig	fig	NOUN
fsr-3160	406	2	.	.	PUNCT
fsr-3160	407	1	10	10	NUM
fsr-3160	407	2	shows	show	VERB
fsr-3160	407	3	the	the	DET
fsr-3160	407	4	sensitivity	sensitivity	NOUN
fsr-3160	407	5	of	of	ADP
fsr-3160	407	6	the	the	DET
fsr-3160	407	7	0.54	0.54	NUM
fsr-3160	407	8	%	%	NOUN
fsr-3160	407	9	tax	tax	NOUN
fsr-3160	407	10	alpha	alpha	NOUN
fsr-3160	407	11	when	when	SCONJ
fsr-3160	407	12	the	the	DET
fsr-3160	407	13	retiree	retiree	NOUN
fsr-3160	407	14	and	and	CCONJ
fsr-3160	407	15	their	their	PRON
fsr-3160	407	16	spouse	spouse	NOUN
fsr-3160	407	17	shorten	shorten	VERB
fsr-3160	407	18	their	their	PRON
fsr-3160	407	19	retirement	retirement	NOUN
fsr-3160	407	20	horizon	horizon	NOUN
fsr-3160	407	21	to	to	ADP
fsr-3160	407	22	15	15	NUM
fsr-3160	407	23	and	and	CCONJ
fsr-3160	407	24	20	20	NUM
fsr-3160	407	25	years	year	NOUN
fsr-3160	407	26	.	.	PUNCT
fsr-3160	408	1	tax	tax	NOUN
fsr-3160	408	2	alpha	alpha	NOUN
fsr-3160	408	3	is	be	AUX
fsr-3160	408	4	the	the	DET
fsr-3160	408	5	most	most	ADV
fsr-3160	408	6	sensitive	sensitive	ADJ
fsr-3160	408	7	future	future	ADJ
fsr-3160	408	8	table	table	NOUN
fsr-3160	408	9	6	6	NUM
fsr-3160	408	10	wealth	wealth	NOUN
fsr-3160	408	11	transfer	transfer	NOUN
fsr-3160	408	12	sensitivity	sensitivity	NOUN
fsr-3160	408	13	to	to	AUX
fsr-3160	408	14	heir	heir	NOUN
fsr-3160	408	15	’s	’s	PART
fsr-3160	408	16	tax	tax	NOUN
fsr-3160	408	17	rate	rate	NOUN
fsr-3160	408	18	sheir	sheir	VERB
fsr-3160	408	19	common	common	ADJ
fsr-3160	408	20	rule	rule	NOUN
fsr-3160	408	21	modified	modify	VERB
fsr-3160	408	22	common	common	ADJ
fsr-3160	408	23	rule	rule	NOUN
fsr-3160	408	24	$	$	SYM
fsr-3160	408	25	improvement	improvement	NOUN
fsr-3160	408	26	vs.	vs.	ADP
fsr-3160	408	27	common	common	ADJ
fsr-3160	408	28	rule	rule	NOUN
fsr-3160	408	29	equivalent	equivalent	ADJ
fsr-3160	408	30	tax	tax	NOUN
fsr-3160	408	31	alpha	alpha	NOUN
fsr-3160	408	32	0	0	NUM
fsr-3160	408	33	%	%	NOUN
fsr-3160	408	34	$	$	SYM
fsr-3160	408	35	4,182,585	4,182,585	NUM
fsr-3160	408	36	$	$	SYM
fsr-3160	408	37	4,183,990	4,183,990	NUM
fsr-3160	408	38	$	$	SYM
fsr-3160	408	39	1,405	1,405	NUM
fsr-3160	408	40	<	<	NOUN
fsr-3160	408	41	0.01	0.01	NUM
fsr-3160	408	42	%	%	NOUN
fsr-3160	408	43	15	15	NUM
fsr-3160	408	44	%	%	NOUN
fsr-3160	408	45	$	$	SYM
fsr-3160	408	46	3,793,477	3,793,477	NUM
fsr-3160	408	47	$	$	SYM
fsr-3160	408	48	3,935,081	3,935,081	NUM
fsr-3160	408	49	$	$	SYM
fsr-3160	408	50	141,604	141,604	NUM
fsr-3160	408	51	0.14	0.14	NUM
fsr-3160	408	52	%	%	NOUN
fsr-3160	408	53	25	25	NUM
fsr-3160	408	54	%	%	NOUN
fsr-3160	408	55	$	$	SYM
fsr-3160	408	56	3,534,072	3,534,072	NUM
fsr-3160	408	57	$	$	SYM
fsr-3160	408	58	3,767,259	3,767,259	NUM
fsr-3160	408	59	$	$	SYM
fsr-3160	408	60	233,187	233,187	NUM
fsr-3160	408	61	0.23	0.23	NUM
fsr-3160	408	62	%	%	NOUN
fsr-3160	408	63	35	35	NUM
fsr-3160	408	64	%	%	NOUN
fsr-3160	408	65	$	$	SYM
fsr-3160	408	66	3,274,667	3,274,667	NUM
fsr-3160	408	67	$	$	SYM
fsr-3160	408	68	3,601,928	3,601,928	NUM
fsr-3160	408	69	$	$	SYM
fsr-3160	408	70	327,261	327,261	NUM
fsr-3160	408	71	0.34	0.34	NUM
fsr-3160	408	72	%	%	NOUN
fsr-3160	408	73	note	note	NOUN
fsr-3160	408	74	:	:	PUNCT
fsr-3160	408	75	base	base	NOUN
fsr-3160	408	76	case	case	NOUN
fsr-3160	408	77	results	result	VERB
fsr-3160	408	78	use	use	VERB
fsr-3160	408	79	inputs	input	NOUN
fsr-3160	408	80	from	from	ADP
fsr-3160	408	81	table	table	NOUN
fsr-3160	408	82	1	1	NUM
fsr-3160	408	83	,	,	PUNCT
fsr-3160	408	84	but	but	CCONJ
fsr-3160	408	85	shortened	shorten	VERB
fsr-3160	408	86	retiree	retiree	NOUN
fsr-3160	408	87	’s	’s	PART
fsr-3160	408	88	horizon	horizon	NOUN
fsr-3160	408	89	to	to	ADP
fsr-3160	408	90	15	15	NUM
fsr-3160	408	91	years	year	NOUN
fsr-3160	408	92	and	and	CCONJ
fsr-3160	408	93	spouse	spouse	NOUN
fsr-3160	408	94	’s	’s	PART
fsr-3160	408	95	horizon	horizon	NOUN
fsr-3160	408	96	to	to	ADP
fsr-3160	408	97	20	20	NUM
fsr-3160	408	98	years	year	NOUN
fsr-3160	408	99	,	,	PUNCT
fsr-3160	408	100	as	as	ADV
fsr-3160	408	101	well	well	ADV
fsr-3160	408	102	as	as	ADP
fsr-3160	408	103	increasing	increase	VERB
fsr-3160	408	104	the	the	DET
fsr-3160	408	105	retiree	retiree	NOUN
fsr-3160	408	106	’s	’s	PART
fsr-3160	408	107	tax	tax	NOUN
fsr-3160	408	108	-	-	PUNCT
fsr-3160	408	109	deferred	defer	VERB
fsr-3160	408	110	account	account	NOUN
fsr-3160	408	111	to	to	PART
fsr-3160	408	112	start	start	VERB
fsr-3160	408	113	at	at	ADP
fsr-3160	408	114	$	$	SYM
fsr-3160	408	115	2.7	2.7	NUM
fsr-3160	408	116	m	m	NOUN
fsr-3160	408	117	,	,	PUNCT
fsr-3160	408	118	and	and	CCONJ
fsr-3160	408	119	increasing	increase	VERB
fsr-3160	408	120	consumption	consumption	NOUN
fsr-3160	408	121	while	while	SCONJ
fsr-3160	408	122	married	married	ADJ
fsr-3160	408	123	filing	filing	NOUN
fsr-3160	408	124	jointly	jointly	ADV
fsr-3160	408	125	to	to	ADP
fsr-3160	408	126	$	$	SYM
fsr-3160	408	127	180,000	180,000	NUM
fsr-3160	408	128	per	per	ADP
fsr-3160	408	129	year	year	NOUN
fsr-3160	408	130	.	.	PUNCT
fsr-3160	409	1	retiree	retiree	NOUN
fsr-3160	409	2	and	and	CCONJ
fsr-3160	409	3	spouse	spouse	NOUN
fsr-3160	409	4	have	have	VERB
fsr-3160	409	5	excessive	excessive	ADJ
fsr-3160	409	6	retirement	retirement	NOUN
fsr-3160	409	7	assets	asset	NOUN
fsr-3160	409	8	.	.	PUNCT
fsr-3160	410	1	table	table	NOUN
fsr-3160	410	2	7	7	NUM
fsr-3160	410	3	baseline	baseline	NOUN
fsr-3160	410	4	,	,	PUNCT
fsr-3160	410	5	low	low	ADJ
fsr-3160	410	6	and	and	CCONJ
fsr-3160	410	7	high	high	ADJ
fsr-3160	410	8	values	value	NOUN
fsr-3160	410	9	for	for	ADP
fsr-3160	410	10	sensitivity	sensitivity	NOUN
fsr-3160	410	11	analysis	analysis	NOUN
fsr-3160	410	12	low	low	ADJ
fsr-3160	410	13	value	value	NOUN
fsr-3160	410	14	baseline	baseline	VERB
fsr-3160	410	15	high	high	ADJ
fsr-3160	410	16	value	value	NOUN
fsr-3160	410	17	asset	asset	NOUN
fsr-3160	410	18	allocation	allocation	NOUN
fsr-3160	410	19	to	to	ADP
fsr-3160	410	20	stocks	stock	NOUN
fsr-3160	410	21	(	(	PUNCT
fsr-3160	410	22	bonds	bond	NOUN
fsr-3160	410	23	)	)	PUNCT
fsr-3160	410	24	50	50	NUM
fsr-3160	410	25	%	%	NOUN
fsr-3160	410	26	(	(	PUNCT
fsr-3160	410	27	50	50	NUM
fsr-3160	410	28	%	%	NOUN
fsr-3160	410	29	)	)	PUNCT
fsr-3160	410	30	60	60	NUM
fsr-3160	410	31	%	%	NOUN
fsr-3160	410	32	(	(	PUNCT
fsr-3160	410	33	40	40	NUM
fsr-3160	410	34	%	%	NOUN
fsr-3160	410	35	)	)	PUNCT
fsr-3160	410	36	70	70	NUM
fsr-3160	410	37	%	%	NOUN
fsr-3160	410	38	(	(	PUNCT
fsr-3160	410	39	30	30	NUM
fsr-3160	410	40	%	%	NOUN
fsr-3160	410	41	)	)	PUNCT
fsr-3160	410	42	stock	stock	NOUN
fsr-3160	410	43	rate	rate	NOUN
fsr-3160	410	44	of	of	ADP
fsr-3160	410	45	return	return	NOUN
fsr-3160	410	46	6	6	NUM
fsr-3160	410	47	%	%	NOUN
fsr-3160	410	48	7.2	7.2	NUM
fsr-3160	410	49	%	%	NOUN
fsr-3160	410	50	8.4	8.4	NUM
fsr-3160	410	51	%	%	NOUN
fsr-3160	410	52	bond	bond	NOUN
fsr-3160	410	53	rate	rate	NOUN
fsr-3160	410	54	of	of	ADP
fsr-3160	410	55	return	return	NOUN
fsr-3160	410	56	3	3	NUM
fsr-3160	410	57	%	%	NOUN
fsr-3160	410	58	4	4	NUM
fsr-3160	410	59	%	%	NOUN
fsr-3160	410	60	5	5	NUM
fsr-3160	410	61	%	%	NOUN
fsr-3160	410	62	inflation	inflation	NOUN
fsr-3160	410	63	rate	rate	NOUN
fsr-3160	410	64	1.5	1.5	NUM
fsr-3160	410	65	%	%	NOUN
fsr-3160	410	66	2.1	2.1	NUM
fsr-3160	410	67	%	%	NOUN
fsr-3160	410	68	4.2	4.2	NUM
fsr-3160	410	69	%	%	NOUN
fsr-3160	410	70	percent	percent	NOUN
fsr-3160	410	71	change	change	NOUN
fsr-3160	410	72	to	to	ADP
fsr-3160	410	73	tax	tax	NOUN
fsr-3160	410	74	rates	rate	NOUN
fsr-3160	410	75	starting	start	VERB
fsr-3160	410	76	in	in	ADP
fsr-3160	410	77	2026	2026	NUM
fsr-3160	410	78	�	�	SYM
fsr-3160	410	79	40	40	NUM
fsr-3160	410	80	%	%	NOUN
fsr-3160	410	81	0	0	NUM
fsr-3160	410	82	%	%	NOUN
fsr-3160	410	83	+40	+40	ADJ
fsr-3160	410	84	%	%	NOUN
fsr-3160	410	85	asset	asset	NOUN
fsr-3160	410	86	allocation	allocation	NOUN
fsr-3160	410	87	glideslope	glideslope	NOUN
fsr-3160	410	88	0	0	NUM
fsr-3160	410	89	%	%	NOUN
fsr-3160	410	90	1	1	NUM
fsr-3160	410	91	%	%	NOUN
fsr-3160	410	92	2	2	NUM
fsr-3160	410	93	%	%	NOUN
fsr-3160	410	94	244	244	NUM
fsr-3160	410	95	j.	j.	PROPN
fsr-3160	410	96	a.	a.	PROPN
fsr-3160	410	97	dilellio	dilellio	PROPN
fsr-3160	410	98	and	and	CCONJ
fsr-3160	410	99	a.	a.	PROPN
fsr-3160	410	100	simon	simon	PROPN
fsr-3160	410	101	/	/	SYM
fsr-3160	410	102	financial	financial	ADJ
fsr-3160	410	103	services	service	NOUN
fsr-3160	410	104	review	review	VERB
fsr-3160	410	105	30	30	NUM
fsr-3160	410	106	(	(	PUNCT
fsr-3160	410	107	2022	2022	NUM
fsr-3160	410	108	)	)	PUNCT
fsr-3160	411	1	223–249	223–249	NUM
fsr-3160	411	2	tax	tax	NOUN
fsr-3160	411	3	rate	rate	NOUN
fsr-3160	411	4	,	,	PUNCT
fsr-3160	411	5	as	as	ADV
fsr-3160	411	6	well	well	ADV
fsr-3160	411	7	as	as	ADP
fsr-3160	411	8	to	to	ADP
fsr-3160	411	9	glide	glide	NOUN
fsr-3160	411	10	path	path	NOUN
fsr-3160	411	11	.	.	PUNCT
fsr-3160	412	1	it	it	PRON
fsr-3160	412	2	is	be	AUX
fsr-3160	412	3	also	also	ADV
fsr-3160	412	4	very	very	ADV
fsr-3160	412	5	sensitive	sensitive	ADJ
fsr-3160	412	6	to	to	ADP
fsr-3160	412	7	the	the	DET
fsr-3160	412	8	retiree	retiree	NOUN
fsr-3160	412	9	’s	’s	PART
fsr-3160	412	10	initial	initial	ADJ
fsr-3160	412	11	stock	stock	NOUN
fsr-3160	412	12	allocation	allocation	NOUN
fsr-3160	412	13	,	,	PUNCT
fsr-3160	412	14	and	and	CCONJ
fsr-3160	412	15	least	least	ADJ
fsr-3160	412	16	sensitive	sensitive	ADJ
fsr-3160	412	17	to	to	ADP
fsr-3160	412	18	stock	stock	NOUN
fsr-3160	412	19	and	and	CCONJ
fsr-3160	412	20	bond	bond	NOUN
fsr-3160	412	21	returns	return	NOUN
fsr-3160	412	22	.	.	PUNCT
fsr-3160	413	1	finally	finally	ADV
fsr-3160	413	2	,	,	PUNCT
fsr-3160	413	3	fig	fig	NOUN
fsr-3160	413	4	.	.	PUNCT
fsr-3160	414	1	11	11	NUM
fsr-3160	414	2	shows	show	VERB
fsr-3160	414	3	that	that	SCONJ
fsr-3160	414	4	tax	tax	NOUN
fsr-3160	414	5	alpha	alpha	NOUN
fsr-3160	414	6	for	for	ADP
fsr-3160	414	7	retirees	retiree	NOUN
fsr-3160	414	8	with	with	ADP
fsr-3160	414	9	excessive	excessive	ADJ
fsr-3160	414	10	retirement	retirement	NOUN
fsr-3160	414	11	income	income	NOUN
fsr-3160	414	12	is	be	AUX
fsr-3160	414	13	most	most	ADV
fsr-3160	414	14	sensitive	sensitive	ADJ
fsr-3160	414	15	to	to	ADP
fsr-3160	414	16	inflation	inflation	NOUN
fsr-3160	414	17	,	,	PUNCT
fsr-3160	414	18	followed	follow	VERB
fsr-3160	414	19	by	by	ADP
fsr-3160	414	20	a	a	DET
fsr-3160	414	21	glide	glide	ADJ
fsr-3160	414	22	path	path	NOUN
fsr-3160	414	23	,	,	PUNCT
fsr-3160	414	24	and	and	CCONJ
fsr-3160	414	25	the	the	DET
fsr-3160	414	26	tax	tax	NOUN
fsr-3160	414	27	increases	increase	NOUN
fsr-3160	414	28	after	after	SCONJ
fsr-3160	414	29	the	the	DET
fsr-3160	414	30	tcja	tcja	NOUN
fsr-3160	414	31	expires	expire	VERB
fsr-3160	414	32	.	.	PUNCT
fsr-3160	415	1	tax	tax	NOUN
fsr-3160	415	2	alpha	alpha	NOUN
fsr-3160	415	3	is	be	AUX
fsr-3160	415	4	least	least	ADV
fsr-3160	415	5	sensitive	sensitive	ADJ
fsr-3160	415	6	to	to	ADP
fsr-3160	415	7	stock	stock	NOUN
fsr-3160	415	8	and	and	CCONJ
fsr-3160	415	9	bond	bond	NOUN
fsr-3160	415	10	returns	return	NOUN
fsr-3160	415	11	.	.	PUNCT
fsr-3160	416	1	5.2	5.2	NUM
fsr-3160	416	2	.	.	PUNCT
fsr-3160	416	3	implications	implication	NOUN
fsr-3160	416	4	to	to	PART
fsr-3160	416	5	practice	practice	VERB
fsr-3160	416	6	large	large	ADJ
fsr-3160	416	7	financial	financial	ADJ
fsr-3160	416	8	institutions	institution	NOUN
fsr-3160	416	9	,	,	PUNCT
fsr-3160	416	10	like	like	ADP
fsr-3160	416	11	fidelity	fidelity	NOUN
fsr-3160	416	12	(	(	PUNCT
fsr-3160	416	13	2014	2014	NUM
fsr-3160	416	14	)	)	PUNCT
fsr-3160	416	15	and	and	CCONJ
fsr-3160	416	16	vanguard	vanguard	NOUN
fsr-3160	416	17	(	(	PUNCT
fsr-3160	416	18	2016	2016	NUM
fsr-3160	416	19	)	)	PUNCT
fsr-3160	416	20	,	,	PUNCT
fsr-3160	416	21	currently	currently	ADV
fsr-3160	416	22	provide	provide	VERB
fsr-3160	416	23	retirement	retirement	NOUN
fsr-3160	416	24	income	income	NOUN
fsr-3160	416	25	planning	planning	NOUN
fsr-3160	416	26	tools	tool	NOUN
fsr-3160	416	27	that	that	PRON
fsr-3160	416	28	rely	rely	VERB
fsr-3160	416	29	solely	solely	ADV
fsr-3160	416	30	on	on	ADP
fsr-3160	416	31	the	the	DET
fsr-3160	416	32	common	common	ADJ
fsr-3160	416	33	rule	rule	NOUN
fsr-3160	416	34	withdrawal	withdrawal	NOUN
fsr-3160	416	35	strategy	strategy	NOUN
fsr-3160	416	36	.	.	PUNCT
fsr-3160	417	1	our	our	PRON
fsr-3160	417	2	findings	finding	NOUN
fsr-3160	417	3	suggest	suggest	VERB
fsr-3160	417	4	that	that	SCONJ
fsr-3160	417	5	their	their	PRON
fsr-3160	417	6	enterprise	enterprise	NOUN
fsr-3160	417	7	applications	application	NOUN
fsr-3160	417	8	should	should	AUX
fsr-3160	417	9	not	not	PART
fsr-3160	417	10	be	be	AUX
fsr-3160	417	11	entirely	entirely	ADV
fsr-3160	417	12	discarded	discard	VERB
fsr-3160	417	13	due	due	ADP
fsr-3160	417	14	to	to	ADP
fsr-3160	417	15	their	their	PRON
fsr-3160	417	16	heuristic	heuristic	ADJ
fsr-3160	417	17	benefits	benefit	NOUN
fsr-3160	417	18	.	.	PUNCT
fsr-3160	418	1	instead	instead	ADV
fsr-3160	418	2	,	,	PUNCT
fsr-3160	418	3	results	result	NOUN
fsr-3160	418	4	from	from	ADP
fsr-3160	418	5	the	the	DET
fsr-3160	418	6	common	common	ADJ
fsr-3160	418	7	rule	rule	NOUN
fsr-3160	418	8	strategy	strategy	NOUN
fsr-3160	418	9	can	can	AUX
fsr-3160	418	10	be	be	AUX
fsr-3160	418	11	used	use	VERB
fsr-3160	418	12	to	to	PART
fsr-3160	418	13	guide	guide	VERB
fsr-3160	418	14	the	the	DET
fsr-3160	418	15	next	next	ADJ
fsr-3160	418	16	level	level	NOUN
fsr-3160	418	17	of	of	ADP
fsr-3160	418	18	optimization	optimization	NOUN
fsr-3160	418	19	that	that	PRON
fsr-3160	418	20	has	have	VERB
fsr-3160	418	21	a	a	DET
fsr-3160	418	22	substantial	substantial	ADJ
fsr-3160	418	23	benefit	benefit	NOUN
fsr-3160	418	24	to	to	ADP
fsr-3160	418	25	tax	tax	NOUN
fsr-3160	418	26	-	-	PUNCT
fsr-3160	418	27	efficient	efficient	ADJ
fsr-3160	418	28	retirement	retirement	NOUN
fsr-3160	418	29	plans	plan	NOUN
fsr-3160	418	30	.	.	PUNCT
fsr-3160	419	1	some	some	DET
fsr-3160	419	2	fintech	fintech	NOUN
fsr-3160	419	3	firms	firm	NOUN
fsr-3160	419	4	,	,	PUNCT
fsr-3160	419	5	including	include	VERB
fsr-3160	419	6	personal	personal	ADJ
fsr-3160	419	7	capital	capital	NOUN
fsr-3160	419	8	,	,	PUNCT
fsr-3160	419	9	betterment	betterment	NOUN
fsr-3160	419	10	,	,	PUNCT
fsr-3160	419	11	and	and	CCONJ
fsr-3160	419	12	others	other	NOUN
fsr-3160	419	13	,	,	PUNCT
fsr-3160	419	14	are	be	AUX
fsr-3160	419	15	beginning	begin	VERB
fsr-3160	419	16	to	to	PART
fsr-3160	419	17	move	move	VERB
fsr-3160	419	18	in	in	ADP
fsr-3160	419	19	this	this	DET
fsr-3160	419	20	direction	direction	NOUN
fsr-3160	419	21	.	.	PUNCT
fsr-3160	420	1	we	we	PRON
fsr-3160	420	2	hope	hope	VERB
fsr-3160	420	3	this	this	DET
fsr-3160	420	4	article	article	NOUN
fsr-3160	420	5	’s	’s	PART
fsr-3160	420	6	insights	insight	NOUN
fsr-3160	420	7	provide	provide	VERB
fsr-3160	420	8	the	the	DET
fsr-3160	420	9	financial	financial	ADJ
fsr-3160	420	10	services	service	NOUN
fsr-3160	420	11	industry	industry	NOUN
fsr-3160	420	12	with	with	ADP
fsr-3160	420	13	guidance	guidance	NOUN
fsr-3160	420	14	to	to	PART
fsr-3160	420	15	enhance	enhance	VERB
fsr-3160	420	16	and	and	CCONJ
fsr-3160	420	17	improve	improve	VERB
fsr-3160	420	18	outcomes	outcome	NOUN
fsr-3160	420	19	for	for	ADP
fsr-3160	420	20	retirement	retirement	NOUN
fsr-3160	420	21	income	income	NOUN
fsr-3160	420	22	plans	plan	NOUN
fsr-3160	420	23	.	.	PUNCT
fsr-3160	421	1	our	our	PRON
fsr-3160	421	2	findings	finding	NOUN
fsr-3160	421	3	also	also	ADV
fsr-3160	421	4	challenge	challenge	VERB
fsr-3160	421	5	the	the	DET
fsr-3160	421	6	conventional	conventional	ADJ
fsr-3160	421	7	wisdom	wisdom	NOUN
fsr-3160	421	8	advocated	advocate	VERB
fsr-3160	421	9	by	by	ADP
fsr-3160	421	10	many	many	ADJ
fsr-3160	421	11	cpas	cpa	NOUN
fsr-3160	421	12	to	to	PART
fsr-3160	421	13	defer	defer	VERB
fsr-3160	421	14	taxes	taxis	NOUN
fsr-3160	421	15	for	for	ADP
fsr-3160	421	16	as	as	ADV
fsr-3160	421	17	long	long	ADJ
fsr-3160	421	18	as	as	ADP
fsr-3160	421	19	possible	possible	ADJ
fsr-3160	421	20	.	.	PUNCT
fsr-3160	422	1	we	we	PRON
fsr-3160	422	2	show	show	VERB
fsr-3160	422	3	the	the	DET
fsr-3160	422	4	value	value	NOUN
fsr-3160	422	5	of	of	ADP
fsr-3160	422	6	strategically	strategically	ADV
fsr-3160	422	7	paying	pay	VERB
fsr-3160	422	8	some	some	DET
fsr-3160	422	9	taxes	taxis	NOUN
fsr-3160	422	10	earlier	early	ADV
fsr-3160	422	11	to	to	PART
fsr-3160	422	12	avoid	avoid	VERB
fsr-3160	422	13	large	large	ADJ
fsr-3160	422	14	taxes	taxis	NOUN
fsr-3160	422	15	later	later	ADV
fsr-3160	422	16	due	due	ADP
fsr-3160	422	17	to	to	PART
fsr-3160	422	18	rmds	rmds	VERB
fsr-3160	422	19	or	or	CCONJ
fsr-3160	422	20	switching	switch	VERB
fsr-3160	422	21	tax	tax	NOUN
fsr-3160	422	22	filing	filing	NOUN
fsr-3160	422	23	from	from	ADP
fsr-3160	422	24	married	married	ADJ
fsr-3160	422	25	to	to	ADP
fsr-3160	422	26	single	single	ADJ
fsr-3160	422	27	.	.	PUNCT
fsr-3160	423	1	lastly	lastly	ADV
fsr-3160	423	2	,	,	PUNCT
fsr-3160	423	3	we	we	PRON
fsr-3160	423	4	show	show	VERB
fsr-3160	423	5	that	that	SCONJ
fsr-3160	423	6	tax	tax	NOUN
fsr-3160	423	7	alpha	alpha	NOUN
fsr-3160	423	8	or	or	CCONJ
fsr-3160	423	9	the	the	DET
fsr-3160	423	10	additional	additional	ADJ
fsr-3160	423	11	pre	pre	ADJ
fsr-3160	423	12	-	-	ADJ
fsr-3160	423	13	tax	tax	ADJ
fsr-3160	423	14	return	return	NOUN
fsr-3160	423	15	realized	realize	VERB
fsr-3160	423	16	by	by	ADP
fsr-3160	423	17	an	an	DET
fsr-3160	423	18	optimal	optimal	ADJ
fsr-3160	423	19	strategy	strategy	NOUN
fsr-3160	423	20	is	be	AUX
fsr-3160	423	21	usually	usually	ADV
fsr-3160	423	22	most	most	ADJ
fsr-3160	423	23	fig	fig	NOUN
fsr-3160	423	24	.	.	PUNCT
fsr-3160	424	1	9	9	X
fsr-3160	424	2	.	.	X
fsr-3160	424	3	sensitivity	sensitivity	NOUN
fsr-3160	424	4	analysis	analysis	NOUN
fsr-3160	424	5	for	for	ADP
fsr-3160	424	6	retirees	retiree	NOUN
fsr-3160	424	7	with	with	ADP
fsr-3160	424	8	insufficient	insufficient	ADJ
fsr-3160	424	9	retirement	retirement	NOUN
fsr-3160	424	10	funds	fund	NOUN
fsr-3160	424	11	.	.	PUNCT
fsr-3160	425	1	fig	fig	NOUN
fsr-3160	425	2	.	.	PUNCT
fsr-3160	426	1	10	10	NUM
fsr-3160	426	2	.	.	X
fsr-3160	427	1	sensitivity	sensitivity	NOUN
fsr-3160	427	2	analysis	analysis	NOUN
fsr-3160	427	3	for	for	ADP
fsr-3160	427	4	retirees	retiree	NOUN
fsr-3160	427	5	with	with	ADP
fsr-3160	427	6	sufficient	sufficient	ADJ
fsr-3160	427	7	retirement	retirement	NOUN
fsr-3160	427	8	funds	fund	NOUN
fsr-3160	427	9	.	.	PUNCT
fsr-3160	428	1	j.	j.	PROPN
fsr-3160	428	2	a.	a.	PROPN
fsr-3160	428	3	dilellio	dilellio	PROPN
fsr-3160	428	4	and	and	CCONJ
fsr-3160	428	5	a.	a.	PROPN
fsr-3160	428	6	simon	simon	PROPN
fsr-3160	428	7	/	/	SYM
fsr-3160	428	8	financial	financial	ADJ
fsr-3160	428	9	services	service	NOUN
fsr-3160	428	10	review	review	VERB
fsr-3160	428	11	30	30	NUM
fsr-3160	428	12	(	(	PUNCT
fsr-3160	428	13	2022	2022	NUM
fsr-3160	428	14	)	)	PUNCT
fsr-3160	429	1	223–249	223–249	NUM
fsr-3160	429	2	245	245	NUM
fsr-3160	429	3	sensitive	sensitive	ADJ
fsr-3160	429	4	to	to	ADP
fsr-3160	429	5	future	future	ADJ
fsr-3160	429	6	tax	tax	NOUN
fsr-3160	429	7	rates	rate	NOUN
fsr-3160	429	8	,	,	PUNCT
fsr-3160	429	9	and	and	CCONJ
fsr-3160	429	10	least	least	ADJ
fsr-3160	429	11	sensitive	sensitive	ADJ
fsr-3160	429	12	to	to	ADP
fsr-3160	429	13	the	the	DET
fsr-3160	429	14	rate	rate	NOUN
fsr-3160	429	15	of	of	ADP
fsr-3160	429	16	return	return	NOUN
fsr-3160	429	17	for	for	ADP
fsr-3160	429	18	the	the	DET
fsr-3160	429	19	stock	stock	NOUN
fsr-3160	429	20	market	market	NOUN
fsr-3160	429	21	.	.	PUNCT
fsr-3160	430	1	this	this	DET
fsr-3160	430	2	latter	latter	ADJ
fsr-3160	430	3	finding	finding	NOUN
fsr-3160	430	4	suggests	suggest	VERB
fsr-3160	430	5	simulation	simulation	NOUN
fsr-3160	430	6	of	of	ADP
fsr-3160	430	7	stock	stock	NOUN
fsr-3160	430	8	returns	return	NOUN
fsr-3160	430	9	is	be	AUX
fsr-3160	430	10	likely	likely	ADV
fsr-3160	430	11	unnecessary	unnecessary	ADJ
fsr-3160	430	12	to	to	PART
fsr-3160	430	13	quantify	quantify	VERB
fsr-3160	430	14	the	the	DET
fsr-3160	430	15	tax	tax	NOUN
fsr-3160	430	16	alpha	alpha	NOUN
fsr-3160	430	17	.	.	PUNCT
fsr-3160	431	1	6	6	NUM
fsr-3160	431	2	.	.	X
fsr-3160	431	3	conclusions	conclusion	NOUN
fsr-3160	431	4	in	in	ADP
fsr-3160	431	5	this	this	DET
fsr-3160	431	6	article	article	NOUN
fsr-3160	431	7	,	,	PUNCT
fsr-3160	431	8	we	we	PRON
fsr-3160	431	9	developed	develop	VERB
fsr-3160	431	10	a	a	DET
fsr-3160	431	11	framework	framework	NOUN
fsr-3160	431	12	for	for	ADP
fsr-3160	431	13	finding	find	VERB
fsr-3160	431	14	the	the	DET
fsr-3160	431	15	optimal	optimal	ADJ
fsr-3160	431	16	decision	decision	NOUN
fsr-3160	431	17	in	in	ADP
fsr-3160	431	18	tax	tax	NOUN
fsr-3160	431	19	-	-	PUNCT
fsr-3160	431	20	efficient	efficient	ADJ
fsr-3160	431	21	retirement	retirement	NOUN
fsr-3160	431	22	income	income	NOUN
fsr-3160	431	23	.	.	PUNCT
fsr-3160	432	1	we	we	PRON
fsr-3160	432	2	showed	show	VERB
fsr-3160	432	3	that	that	SCONJ
fsr-3160	432	4	optimizing	optimize	VERB
fsr-3160	432	5	a	a	DET
fsr-3160	432	6	retirement	retirement	NOUN
fsr-3160	432	7	income	income	NOUN
fsr-3160	432	8	plan	plan	NOUN
fsr-3160	432	9	that	that	PRON
fsr-3160	432	10	begins	begin	VERB
fsr-3160	432	11	with	with	ADP
fsr-3160	432	12	using	use	VERB
fsr-3160	432	13	the	the	DET
fsr-3160	432	14	common	common	ADJ
fsr-3160	432	15	rule	rule	NOUN
fsr-3160	432	16	withdrawal	withdrawal	NOUN
fsr-3160	432	17	strategy	strategy	NOUN
fsr-3160	432	18	can	can	AUX
fsr-3160	432	19	offer	offer	VERB
fsr-3160	432	20	important	important	ADJ
fsr-3160	432	21	insights	insight	NOUN
fsr-3160	432	22	into	into	ADP
fsr-3160	432	23	the	the	DET
fsr-3160	432	24	next	next	ADJ
fsr-3160	432	25	stage	stage	NOUN
fsr-3160	432	26	of	of	ADP
fsr-3160	432	27	this	this	DET
fsr-3160	432	28	optimization	optimization	NOUN
fsr-3160	432	29	problem	problem	NOUN
fsr-3160	432	30	.	.	PUNCT
fsr-3160	433	1	we	we	PRON
fsr-3160	433	2	identified	identify	VERB
fsr-3160	433	3	three	three	NUM
fsr-3160	433	4	categories	category	NOUN
fsr-3160	433	5	of	of	ADP
fsr-3160	433	6	retirement	retirement	NOUN
fsr-3160	433	7	income	income	NOUN
fsr-3160	433	8	plans	plan	NOUN
fsr-3160	433	9	and	and	CCONJ
fsr-3160	433	10	showed	show	VERB
fsr-3160	433	11	how	how	SCONJ
fsr-3160	433	12	there	there	PRON
fsr-3160	433	13	is	be	VERB
fsr-3160	433	14	no	no	DET
fsr-3160	433	15	“	"	PUNCT
fsr-3160	433	16	one	one	NUM
fsr-3160	433	17	size	size	NOUN
fsr-3160	433	18	fits	fit	VERB
fsr-3160	433	19	all	all	DET
fsr-3160	433	20	”	"	PUNCT
fsr-3160	433	21	solution	solution	NOUN
fsr-3160	433	22	to	to	ADP
fsr-3160	433	23	the	the	DET
fsr-3160	433	24	problem	problem	NOUN
fsr-3160	433	25	.	.	PUNCT
fsr-3160	434	1	we	we	PRON
fsr-3160	434	2	provide	provide	VERB
fsr-3160	434	3	model	model	NOUN
fsr-3160	434	4	-	-	PUNCT
fsr-3160	434	5	driven	drive	VERB
fsr-3160	434	6	evidence	evidence	NOUN
fsr-3160	434	7	that	that	SCONJ
fsr-3160	434	8	general	general	ADJ
fsr-3160	434	9	-	-	PUNCT
fsr-3160	434	10	purpose	purpose	NOUN
fsr-3160	434	11	optimization	optimization	NOUN
fsr-3160	434	12	routines	routine	NOUN
fsr-3160	434	13	can	can	AUX
fsr-3160	434	14	provide	provide	VERB
fsr-3160	434	15	significant	significant	ADJ
fsr-3160	434	16	improvements	improvement	NOUN
fsr-3160	434	17	over	over	ADP
fsr-3160	434	18	the	the	DET
fsr-3160	434	19	common	common	ADJ
fsr-3160	434	20	rule	rule	NOUN
fsr-3160	434	21	in	in	ADP
fsr-3160	434	22	one	one	NUM
fsr-3160	434	23	category	category	NOUN
fsr-3160	434	24	,	,	PUNCT
fsr-3160	434	25	while	while	SCONJ
fsr-3160	434	26	not	not	PART
fsr-3160	434	27	in	in	ADV
fsr-3160	434	28	all	all	ADV
fsr-3160	434	29	.	.	PUNCT
fsr-3160	435	1	we	we	PRON
fsr-3160	435	2	provide	provide	VERB
fsr-3160	435	3	a	a	DET
fsr-3160	435	4	simple	simple	ADJ
fsr-3160	435	5	heuristic	heuristic	NOUN
fsr-3160	435	6	to	to	PART
fsr-3160	435	7	show	show	VERB
fsr-3160	435	8	how	how	SCONJ
fsr-3160	435	9	alternative	alternative	ADJ
fsr-3160	435	10	optimization	optimization	NOUN
fsr-3160	435	11	methods	method	NOUN
fsr-3160	435	12	perform	perform	VERB
fsr-3160	435	13	and	and	CCONJ
fsr-3160	435	14	include	include	VERB
fsr-3160	435	15	a	a	DET
fsr-3160	435	16	sensitivity	sensitivity	NOUN
fsr-3160	435	17	analysis	analysis	NOUN
fsr-3160	435	18	to	to	PART
fsr-3160	435	19	generalize	generalize	VERB
fsr-3160	435	20	the	the	DET
fsr-3160	435	21	results	result	NOUN
fsr-3160	435	22	.	.	PUNCT
fsr-3160	436	1	contrary	contrary	ADJ
fsr-3160	436	2	to	to	ADP
fsr-3160	436	3	conventional	conventional	ADJ
fsr-3160	436	4	wisdom	wisdom	NOUN
fsr-3160	436	5	,	,	PUNCT
fsr-3160	436	6	we	we	PRON
fsr-3160	436	7	also	also	ADV
fsr-3160	436	8	show	show	VERB
fsr-3160	436	9	that	that	SCONJ
fsr-3160	436	10	paying	pay	VERB
fsr-3160	436	11	income	income	NOUN
fsr-3160	436	12	taxes	taxis	NOUN
fsr-3160	436	13	earlier	early	ADV
fsr-3160	436	14	due	due	ADP
fsr-3160	436	15	to	to	ADP
fsr-3160	436	16	tax	tax	NOUN
fsr-3160	436	17	-	-	PUNCT
fsr-3160	436	18	deferred	defer	VERB
fsr-3160	436	19	account	account	NOUN
fsr-3160	436	20	distributions	distribution	NOUN
fsr-3160	436	21	can	can	AUX
fsr-3160	436	22	be	be	AUX
fsr-3160	436	23	more	more	ADJ
fsr-3160	436	24	tax	tax	NOUN
fsr-3160	436	25	-	-	PUNCT
fsr-3160	436	26	efficient	efficient	ADJ
fsr-3160	436	27	,	,	PUNCT
fsr-3160	436	28	contributing	contribute	VERB
fsr-3160	436	29	about	about	ADV
fsr-3160	436	30	0.5	0.5	NUM
fsr-3160	436	31	%	%	NOUN
fsr-3160	436	32	of	of	ADP
fsr-3160	436	33	additional	additional	ADJ
fsr-3160	436	34	annual	annual	ADJ
fsr-3160	436	35	returns	return	NOUN
fsr-3160	436	36	.	.	PUNCT
fsr-3160	437	1	we	we	PRON
fsr-3160	437	2	also	also	ADV
fsr-3160	437	3	demonstrated	demonstrate	VERB
fsr-3160	437	4	how	how	SCONJ
fsr-3160	437	5	these	these	DET
fsr-3160	437	6	three	three	NUM
fsr-3160	437	7	categories	category	NOUN
fsr-3160	437	8	of	of	ADP
fsr-3160	437	9	tax	tax	NOUN
fsr-3160	437	10	-	-	PUNCT
fsr-3160	437	11	efficient	efficient	ADJ
fsr-3160	437	12	withdrawal	withdrawal	NOUN
fsr-3160	437	13	strategies	strategy	NOUN
fsr-3160	437	14	performed	perform	VERB
fsr-3160	437	15	under	under	ADP
fsr-3160	437	16	differing	differ	VERB
fsr-3160	437	17	assumptions	assumption	NOUN
fsr-3160	437	18	on	on	ADP
fsr-3160	437	19	investment	investment	NOUN
fsr-3160	437	20	returns	return	NOUN
fsr-3160	437	21	,	,	PUNCT
fsr-3160	437	22	inflation	inflation	NOUN
fsr-3160	437	23	,	,	PUNCT
fsr-3160	437	24	and	and	CCONJ
fsr-3160	437	25	tax	tax	NOUN
fsr-3160	437	26	rates	rate	NOUN
fsr-3160	437	27	.	.	PUNCT
fsr-3160	438	1	we	we	PRON
fsr-3160	438	2	closed	close	VERB
fsr-3160	438	3	on	on	ADP
fsr-3160	438	4	the	the	DET
fsr-3160	438	5	implications	implication	NOUN
fsr-3160	438	6	these	these	DET
fsr-3160	438	7	findings	finding	NOUN
fsr-3160	438	8	have	have	VERB
fsr-3160	438	9	on	on	ADP
fsr-3160	438	10	large	large	ADJ
fsr-3160	438	11	financial	financial	ADJ
fsr-3160	438	12	institutions	institution	NOUN
fsr-3160	438	13	and	and	CCONJ
fsr-3160	438	14	smaller	small	ADJ
fsr-3160	438	15	fintech	fintech	NOUN
fsr-3160	438	16	startups	startup	NOUN
fsr-3160	438	17	in	in	ADP
fsr-3160	438	18	the	the	DET
fsr-3160	438	19	financial	financial	ADJ
fsr-3160	438	20	planning	planning	NOUN
fsr-3160	438	21	space	space	NOUN
fsr-3160	438	22	,	,	PUNCT
fsr-3160	438	23	as	as	ADV
fsr-3160	438	24	well	well	ADV
fsr-3160	438	25	as	as	ADP
fsr-3160	438	26	insights	insight	NOUN
fsr-3160	438	27	for	for	ADP
fsr-3160	438	28	cpas	cpa	NOUN
fsr-3160	438	29	involved	involve	VERB
fsr-3160	438	30	in	in	ADP
fsr-3160	438	31	multiyear	multiyear	ADJ
fsr-3160	438	32	tax	tax	NOUN
fsr-3160	438	33	planning	planning	NOUN
fsr-3160	438	34	.	.	PUNCT
fsr-3160	439	1	notes	note	VERB
fsr-3160	439	2	1	1	NUM
fsr-3160	439	3	https://www.stlouisfed.org/on-the-economy/2019/may/how-many-people-will-beretiring-in-the-years-to-come	https://www.stlouisfed.org/on-the-economy/2019/may/how-many-people-will-beretiring-in-the-years-to-come	NOUN
fsr-3160	439	4	2	2	NUM
fsr-3160	439	5	https://en.wikipedia.org/wiki/mid-20th_century_baby_boom	https://en.wikipedia.org/wiki/mid-20th_century_baby_boom	NOUN
fsr-3160	439	6	3	3	NUM
fsr-3160	439	7	http://benna401k.com/401k-history.html	http://benna401k.com/401k-history.html	PROPN
fsr-3160	439	8	4	4	NUM
fsr-3160	439	9	https://www.newretirement.com/retirement/what-is-a-403b/	https://www.newretirement.com/retirement/what-is-a-403b/	PROPN
fsr-3160	439	10	fig	fig	NOUN
fsr-3160	439	11	.	.	PUNCT
fsr-3160	440	1	11	11	NUM
fsr-3160	440	2	.	.	X
fsr-3160	441	1	sensitivity	sensitivity	NOUN
fsr-3160	441	2	analysis	analysis	NOUN
fsr-3160	441	3	for	for	ADP
fsr-3160	441	4	retirees	retiree	NOUN
fsr-3160	441	5	with	with	ADP
fsr-3160	441	6	excess	excess	ADJ
fsr-3160	441	7	retirement	retirement	NOUN
fsr-3160	441	8	funds	fund	NOUN
fsr-3160	441	9	.	.	PUNCT
fsr-3160	442	1	246	246	NUM
fsr-3160	442	2	j.	j.	PROPN
fsr-3160	442	3	a.	a.	PROPN
fsr-3160	442	4	dilellio	dilellio	PROPN
fsr-3160	442	5	and	and	CCONJ
fsr-3160	442	6	a.	a.	PROPN
fsr-3160	442	7	simon	simon	PROPN
fsr-3160	442	8	/	/	SYM
fsr-3160	442	9	financial	financial	ADJ
fsr-3160	442	10	services	service	NOUN
fsr-3160	442	11	review	review	VERB
fsr-3160	442	12	30	30	NUM
fsr-3160	442	13	(	(	PUNCT
fsr-3160	442	14	2022	2022	NUM
fsr-3160	442	15	)	)	PUNCT
fsr-3160	442	16	223–249	223–249	NUM
fsr-3160	442	17	5	5	NUM
fsr-3160	442	18	in	in	ADP
fsr-3160	442	19	2019	2019	NUM
fsr-3160	442	20	,	,	PUNCT
fsr-3160	442	21	the	the	DET
fsr-3160	442	22	secure	secure	ADJ
fsr-3160	442	23	act	act	NOUN
fsr-3160	442	24	delayed	delay	VERB
fsr-3160	442	25	the	the	DET
fsr-3160	442	26	onset	onset	NOUN
fsr-3160	442	27	of	of	ADP
fsr-3160	442	28	rmds	rmds	NOUN
fsr-3160	442	29	from	from	ADP
fsr-3160	442	30	70.5	70.5	NUM
fsr-3160	442	31	to	to	ADP
fsr-3160	442	32	72	72	NUM
fsr-3160	442	33	for	for	ADP
fsr-3160	442	34	individuals	individual	NOUN
fsr-3160	442	35	born	bear	VERB
fsr-3160	442	36	after	after	ADP
fsr-3160	442	37	june	june	PROPN
fsr-3160	442	38	30	30	NUM
fsr-3160	442	39	,	,	PUNCT
fsr-3160	442	40	1949	1949	NUM
fsr-3160	442	41	.	.	PUNCT
fsr-3160	443	1	6	6	NUM
fsr-3160	443	2	in	in	ADP
fsr-3160	443	3	the	the	DET
fsr-3160	443	4	united	united	PROPN
fsr-3160	443	5	states	states	PROPN
fsr-3160	443	6	,	,	PUNCT
fsr-3160	443	7	85	85	NUM
fsr-3160	443	8	%	%	NOUN
fsr-3160	443	9	of	of	ADP
fsr-3160	443	10	social	social	ADJ
fsr-3160	443	11	security	security	NOUN
fsr-3160	443	12	is	be	AUX
fsr-3160	443	13	taxable	taxable	ADJ
fsr-3160	443	14	income	income	NOUN
fsr-3160	443	15	if	if	SCONJ
fsr-3160	443	16	magi	magi	NOUN
fsr-3160	443	17	exceeds	exceed	VERB
fsr-3160	443	18	$	$	SYM
fsr-3160	443	19	34,000	34,000	NUM
fsr-3160	443	20	(	(	PUNCT
fsr-3160	443	21	single	single	ADJ
fsr-3160	443	22	)	)	PUNCT
fsr-3160	443	23	or	or	CCONJ
fsr-3160	443	24	$	$	SYM
fsr-3160	443	25	44,000	44,000	NUM
fsr-3160	443	26	(	(	PUNCT
fsr-3160	443	27	married	married	ADJ
fsr-3160	443	28	filing	filing	NOUN
fsr-3160	443	29	jointly	jointly	ADV
fsr-3160	443	30	)	)	PUNCT
fsr-3160	443	31	.	.	PUNCT
fsr-3160	444	1	7	7	NUM
fsr-3160	444	2	https://docs.scipy.org/doc/scipy/reference/optimize.minimize-slsqp.html	https://docs.scipy.org/doc/scipy/reference/optimize.minimize-slsqp.html	PROPN
fsr-3160	444	3	8	8	NUM
fsr-3160	444	4	after	after	ADP
fsr-3160	444	5	-	-	PUNCT
fsr-3160	444	6	tax	tax	NOUN
fsr-3160	444	7	drawdowns	drawdown	NOUN
fsr-3160	444	8	are	be	AUX
fsr-3160	444	9	more	more	ADV
fsr-3160	444	10	helpful	helpful	ADJ
fsr-3160	444	11	in	in	ADP
fsr-3160	444	12	supporting	support	VERB
fsr-3160	444	13	after	after	ADP
fsr-3160	444	14	-	-	PUNCT
fsr-3160	444	15	tax	tax	NOUN
fsr-3160	444	16	income	income	NOUN
fsr-3160	444	17	needs	need	NOUN
fsr-3160	444	18	,	,	PUNCT
fsr-3160	444	19	so	so	ADV
fsr-3160	444	20	all	all	DET
fsr-3160	444	21	decision	decision	NOUN
fsr-3160	444	22	variables	variable	NOUN
fsr-3160	444	23	are	be	AUX
fsr-3160	444	24	after	after	ADP
fsr-3160	444	25	-	-	PUNCT
fsr-3160	444	26	tax	tax	NOUN
fsr-3160	444	27	values	value	NOUN
fsr-3160	444	28	.	.	PUNCT
fsr-3160	445	1	9	9	NUM
fsr-3160	445	2	https://www.irs.gov/pub/irs-pdf/p590b.pdf	https://www.irs.gov/pub/irs-pdf/p590b.pdf	NOUN
fsr-3160	445	3	10	10	NUM
fsr-3160	445	4	https://www.rgj.com/story/money/business/2018/11/28/retirement-planningchallenges-age-gap-relationships/2142317002/	https://www.rgj.com/story/money/business/2018/11/28/retirement-planningchallenges-age-gap-relationships/2142317002/	NOUN
fsr-3160	445	5	11	11	NUM
fsr-3160	445	6	changing	change	VERB
fsr-3160	445	7	their	their	PRON
fsr-3160	445	8	rmds	rmds	NOUN
fsr-3160	445	9	to	to	ADP
fsr-3160	445	10	the	the	DET
fsr-3160	445	11	year	year	NOUN
fsr-3160	445	12	they	they	PRON
fsr-3160	445	13	turn	turn	VERB
fsr-3160	445	14	72	72	NUM
fsr-3160	445	15	does	do	AUX
fsr-3160	445	16	not	not	PART
fsr-3160	445	17	have	have	VERB
fsr-3160	445	18	a	a	DET
fsr-3160	445	19	meaningful	meaningful	ADJ
fsr-3160	445	20	effect	effect	NOUN
fsr-3160	445	21	on	on	ADP
fsr-3160	445	22	the	the	DET
fsr-3160	445	23	results	result	NOUN
fsr-3160	445	24	.	.	PUNCT
fsr-3160	446	1	(	(	PUNCT
fsr-3160	446	2	longevity	longevity	NOUN
fsr-3160	446	3	=	=	SYM
fsr-3160	446	4	33.5	33.5	NUM
fsr-3160	446	5	with	with	ADP
fsr-3160	446	6	common	common	ADJ
fsr-3160	446	7	rule	rule	NOUN
fsr-3160	446	8	and	and	CCONJ
fsr-3160	446	9	37.4	37.4	NUM
fsr-3160	446	10	with	with	ADP
fsr-3160	446	11	modified	modified	ADJ
fsr-3160	446	12	common	common	ADJ
fsr-3160	446	13	rule	rule	NOUN
fsr-3160	446	14	)	)	PUNCT
fsr-3160	446	15	12	12	NUM
fsr-3160	446	16	https://www.aarp.org/retirement/social-security/questions-answers/how-muchsocial-security-will-i-get.html	https://www.aarp.org/retirement/social-security/questions-answers/how-muchsocial-security-will-i-get.html	PROPN
fsr-3160	446	17	13	13	NUM
fsr-3160	446	18	http://www.pensionrights.org/publications/statistic/income-pensions/	http://www.pensionrights.org/publications/statistic/income-pensions/	PROPN
fsr-3160	446	19	14	14	NUM
fsr-3160	446	20	this	this	DET
fsr-3160	446	21	approach	approach	NOUN
fsr-3160	446	22	to	to	ADP
fsr-3160	446	23	keeping	keep	VERB
fsr-3160	446	24	income	income	NOUN
fsr-3160	446	25	brackets	bracket	NOUN
fsr-3160	446	26	fixed	fix	VERB
fsr-3160	446	27	each	each	DET
fsr-3160	446	28	year	year	NOUN
fsr-3160	446	29	means	mean	VERB
fsr-3160	446	30	they	they	PRON
fsr-3160	446	31	are	be	AUX
fsr-3160	446	32	constant	constant	ADJ
fsr-3160	446	33	in	in	ADP
fsr-3160	446	34	real	real	ADJ
fsr-3160	446	35	dollars	dollar	NOUN
fsr-3160	446	36	.	.	PUNCT
fsr-3160	447	1	it	it	PRON
fsr-3160	447	2	is	be	AUX
fsr-3160	447	3	also	also	ADV
fsr-3160	447	4	consistent	consistent	ADJ
fsr-3160	447	5	with	with	ADP
fsr-3160	447	6	the	the	DET
fsr-3160	447	7	long	long	ADV
fsr-3160	447	8	-	-	PUNCT
fsr-3160	447	9	standing	stand	VERB
fsr-3160	447	10	practice	practice	NOUN
fsr-3160	447	11	at	at	ADP
fsr-3160	447	12	the	the	DET
fsr-3160	447	13	irs	irs	PROPN
fsr-3160	447	14	annually	annually	ADV
fsr-3160	447	15	increasing	increase	VERB
fsr-3160	447	16	brackets	bracket	NOUN
fsr-3160	447	17	by	by	ADP
fsr-3160	447	18	the	the	DET
fsr-3160	447	19	rate	rate	NOUN
fsr-3160	447	20	of	of	ADP
fsr-3160	447	21	inflation	inflation	NOUN
fsr-3160	447	22	.	.	PUNCT
fsr-3160	448	1	15	15	NUM
fsr-3160	448	2	we	we	PRON
fsr-3160	448	3	found	find	VERB
fsr-3160	448	4	the	the	DET
fsr-3160	448	5	value	value	NOUN
fsr-3160	448	6	of	of	ADP
fsr-3160	448	7	0.35	0.35	NUM
fsr-3160	448	8	%	%	NOUN
fsr-3160	448	9	by	by	ADP
fsr-3160	448	10	re	re	VERB
fsr-3160	448	11	-	-	VERB
fsr-3160	448	12	running	run	VERB
fsr-3160	448	13	this	this	DET
fsr-3160	448	14	case	case	NOUN
fsr-3160	448	15	with	with	ADP
fsr-3160	448	16	the	the	DET
fsr-3160	448	17	common	common	ADJ
fsr-3160	448	18	rule	rule	NOUN
fsr-3160	448	19	withdrawal	withdrawal	NOUN
fsr-3160	448	20	strategy	strategy	NOUN
fsr-3160	448	21	and	and	CCONJ
fsr-3160	448	22	gradually	gradually	ADV
fsr-3160	448	23	increasing	increase	VERB
fsr-3160	448	24	the	the	DET
fsr-3160	448	25	stock	stock	NOUN
fsr-3160	448	26	and	and	CCONJ
fsr-3160	448	27	bond	bond	NOUN
fsr-3160	448	28	returns	return	NOUN
fsr-3160	448	29	until	until	SCONJ
fsr-3160	448	30	the	the	DET
fsr-3160	448	31	portfolio	portfolio	NOUN
fsr-3160	448	32	longevity	longevity	NOUN
fsr-3160	448	33	was	be	AUX
fsr-3160	448	34	39.7	39.7	NUM
fsr-3160	448	35	years	year	NOUN
fsr-3160	448	36	.	.	PUNCT
fsr-3160	449	1	16	16	NUM
fsr-3160	449	2	the	the	DET
fsr-3160	449	3	largest	large	ADJ
fsr-3160	449	4	zero	zero	NUM
fsr-3160	449	5	-	-	PUNCT
fsr-3160	449	6	dividend	dividend	NOUN
fsr-3160	449	7	etf	etf	NOUN
fsr-3160	449	8	is	be	AUX
fsr-3160	449	9	first	first	ADJ
fsr-3160	449	10	trust	trust	PROPN
fsr-3160	449	11	dow	dow	PROPN
fsr-3160	449	12	jones	jones	PROPN
fsr-3160	449	13	internet	internet	PROPN
fsr-3160	449	14	index	index	PROPN
fsr-3160	449	15	etf	etf	PROPN
fsr-3160	449	16	,	,	PUNCT
fsr-3160	449	17	ticker	ticker	NOUN
fsr-3160	449	18	:	:	PUNCT
fsr-3160	449	19	fdn	fdn	PROPN
fsr-3160	449	20	,	,	PUNCT
fsr-3160	449	21	with	with	ADP
fsr-3160	449	22	over	over	ADP
fsr-3160	449	23	$	$	SYM
fsr-3160	449	24	10b	10b	NOUN
fsr-3160	449	25	in	in	ADP
fsr-3160	449	26	management	management	NOUN
fsr-3160	449	27	.	.	PUNCT
fsr-3160	450	1	appendix	appendix	ADJ
fsr-3160	450	2	income	income	NOUN
fsr-3160	450	3	and	and	CCONJ
fsr-3160	450	4	capital	capital	NOUN
fsr-3160	450	5	gains	gain	NOUN
fsr-3160	450	6	tax	tax	NOUN
fsr-3160	450	7	rates	rate	NOUN
fsr-3160	450	8	in	in	ADP
fsr-3160	450	9	the	the	DET
fsr-3160	450	10	united	united	PROPN
fsr-3160	450	11	states	states	PROPN
fsr-3160	450	12	and	and	CCONJ
fsr-3160	450	13	other	other	ADJ
fsr-3160	450	14	developed	develop	VERB
fsr-3160	450	15	countries	country	NOUN
fsr-3160	450	16	table	table	NOUN
fsr-3160	450	17	a1	a1	PROPN
fsr-3160	450	18	u.s	u.s	PROPN
fsr-3160	450	19	.	.	PROPN
fsr-3160	450	20	income	income	NOUN
fsr-3160	450	21	tax	tax	NOUN
fsr-3160	450	22	rates	rate	NOUN
fsr-3160	450	23	and	and	CCONJ
fsr-3160	450	24	brackets	bracket	NOUN
fsr-3160	450	25	,	,	PUNCT
fsr-3160	450	26	2020	2020	NUM
fsr-3160	450	27	tax	tax	NOUN
fsr-3160	450	28	year	year	NOUN
fsr-3160	450	29	income	income	NOUN
fsr-3160	450	30	tax	tax	NOUN
fsr-3160	450	31	rate	rate	NOUN
fsr-3160	450	32	income	income	NOUN
fsr-3160	450	33	limit	limit	NOUN
fsr-3160	450	34	,	,	PUNCT
fsr-3160	450	35	single	single	ADJ
fsr-3160	450	36	income	income	NOUN
fsr-3160	450	37	limit	limit	NOUN
fsr-3160	450	38	,	,	PUNCT
fsr-3160	450	39	married	married	ADJ
fsr-3160	450	40	filing	filing	NOUN
fsr-3160	450	41	jointly	jointly	ADV
fsr-3160	450	42	10	10	NUM
fsr-3160	450	43	%	%	NOUN
fsr-3160	450	44	$	$	SYM
fsr-3160	450	45	9,875	9,875	NUM
fsr-3160	450	46	$	$	SYM
fsr-3160	450	47	19,750	19,750	NUM
fsr-3160	450	48	12	12	NUM
fsr-3160	450	49	%	%	NOUN
fsr-3160	450	50	$	$	SYM
fsr-3160	450	51	40,125	40,125	NUM
fsr-3160	450	52	$	$	SYM
fsr-3160	450	53	80,250	80,250	NUM
fsr-3160	450	54	22	22	NUM
fsr-3160	450	55	%	%	NOUN
fsr-3160	450	56	$	$	SYM
fsr-3160	450	57	85,525	85,525	NUM
fsr-3160	450	58	$	$	SYM
fsr-3160	450	59	171,050	171,050	NUM
fsr-3160	450	60	24	24	NUM
fsr-3160	450	61	%	%	NOUN
fsr-3160	450	62	$	$	SYM
fsr-3160	450	63	163,300	163,300	NUM
fsr-3160	450	64	$	$	SYM
fsr-3160	450	65	326,600	326,600	NUM
fsr-3160	450	66	32	32	NUM
fsr-3160	450	67	%	%	NOUN
fsr-3160	450	68	$	$	SYM
fsr-3160	450	69	207,350	207,350	NUM
fsr-3160	450	70	$	$	SYM
fsr-3160	450	71	414,700	414,700	NUM
fsr-3160	450	72	35	35	NUM
fsr-3160	450	73	%	%	NOUN
fsr-3160	450	74	$	$	SYM
fsr-3160	450	75	518,400	518,400	NUM
fsr-3160	450	76	$	$	SYM
fsr-3160	450	77	622,050	622,050	NUM
fsr-3160	450	78	37	37	NUM
fsr-3160	450	79	%	%	NOUN
fsr-3160	450	80	none	none	NOUN
fsr-3160	450	81	none	none	NOUN
fsr-3160	450	82	j.	j.	PROPN
fsr-3160	450	83	a.	a.	PROPN
fsr-3160	450	84	dilellio	dilellio	PROPN
fsr-3160	450	85	and	and	CCONJ
fsr-3160	450	86	a.	a.	PROPN
fsr-3160	450	87	simon	simon	PROPN
fsr-3160	450	88	/	/	SYM
fsr-3160	450	89	financial	financial	ADJ
fsr-3160	450	90	services	service	NOUN
fsr-3160	450	91	review	review	VERB
fsr-3160	450	92	30	30	NUM
fsr-3160	450	93	(	(	PUNCT
fsr-3160	450	94	2022	2022	NUM
fsr-3160	450	95	)	)	PUNCT
fsr-3160	450	96	223–249	223–249	NUM
fsr-3160	450	97	247	247	NUM
fsr-3160	450	98	acknowledgments	acknowledgment	NOUN
fsr-3160	450	99	this	this	DET
fsr-3160	450	100	research	research	NOUN
fsr-3160	450	101	was	be	AUX
fsr-3160	450	102	supported	support	VERB
fsr-3160	450	103	by	by	ADP
fsr-3160	450	104	the	the	DET
fsr-3160	450	105	julian	julian	PROPN
fsr-3160	450	106	virtue	virtue	PROPN
fsr-3160	450	107	professorship	professorship	NOUN
fsr-3160	450	108	endowment	endowment	NOUN
fsr-3160	450	109	at	at	ADP
fsr-3160	450	110	the	the	DET
fsr-3160	450	111	graziadio	graziadio	PROPN
fsr-3160	450	112	business	business	NOUN
fsr-3160	450	113	school	school	PROPN
fsr-3160	450	114	,	,	PUNCT
fsr-3160	450	115	pepperdine	pepperdine	PROPN
fsr-3160	450	116	university	university	PROPN
fsr-3160	450	117	.	.	PUNCT
fsr-3160	451	1	we	we	PRON
fsr-3160	451	2	are	be	AUX
fsr-3160	451	3	also	also	ADV
fsr-3160	451	4	grateful	grateful	ADJ
fsr-3160	451	5	for	for	ADP
fsr-3160	451	6	our	our	PRON
fsr-3160	451	7	research	research	NOUN
fsr-3160	451	8	assistants	assistant	NOUN
fsr-3160	451	9	on	on	ADP
fsr-3160	451	10	this	this	DET
fsr-3160	451	11	project	project	NOUN
fsr-3160	451	12	,	,	PUNCT
fsr-3160	451	13	airika	airika	PROPN
fsr-3160	451	14	corley	corley	PROPN
fsr-3160	451	15	and	and	CCONJ
fsr-3160	451	16	sophia	sophia	PROPN
fsr-3160	451	17	venegas	venegas	PROPN
fsr-3160	451	18	.	.	PUNCT
fsr-3160	452	1	references	reference	NOUN
fsr-3160	452	2	brown	brown	PROPN
fsr-3160	452	3	,	,	PUNCT
fsr-3160	452	4	d.	d.	PROPN
fsr-3160	452	5	c.	c.	PROPN
fsr-3160	452	6	,	,	PUNCT
fsr-3160	452	7	cederburg	cederburg	PROPN
fsr-3160	452	8	,	,	PUNCT
fsr-3160	452	9	s.	s.	PROPN
fsr-3160	452	10	,	,	PUNCT
fsr-3160	452	11	&	&	CCONJ
fsr-3160	452	12	o’doherty	o’doherty	PROPN
fsr-3160	452	13	,	,	PUNCT
fsr-3160	452	14	m.	m.	PROPN
fsr-3160	452	15	s.	s.	PROPN
fsr-3160	452	16	(	(	PUNCT
fsr-3160	452	17	2017	2017	NUM
fsr-3160	452	18	)	)	PUNCT
fsr-3160	452	19	.	.	PUNCT
fsr-3160	453	1	tax	tax	NOUN
fsr-3160	453	2	uncertainty	uncertainty	NOUN
fsr-3160	453	3	and	and	CCONJ
fsr-3160	453	4	retirement	retirement	NOUN
fsr-3160	453	5	savings	saving	NOUN
fsr-3160	453	6	diversification	diversification	NOUN
fsr-3160	453	7	.	.	PUNCT
fsr-3160	454	1	journal	journal	NOUN
fsr-3160	454	2	of	of	ADP
fsr-3160	454	3	financial	financial	ADJ
fsr-3160	454	4	economics	economic	NOUN
fsr-3160	454	5	,	,	PUNCT
fsr-3160	454	6	126	126	NUM
fsr-3160	454	7	,	,	PUNCT
fsr-3160	454	8	689	689	NUM
fsr-3160	454	9	-	-	SYM
fsr-3160	454	10	712	712	NUM
fsr-3160	454	11	.	.	PUNCT
fsr-3160	455	1	chambers	chamber	NOUN
fsr-3160	455	2	,	,	PUNCT
fsr-3160	455	3	b.	b.	PROPN
fsr-3160	455	4	,	,	PUNCT
fsr-3160	455	5	walker	walker	PROPN
fsr-3160	455	6	,	,	PUNCT
fsr-3160	455	7	r.	r.	PROPN
fsr-3160	455	8	,	,	PUNCT
fsr-3160	455	9	feng	feng	PROPN
fsr-3160	455	10	,	,	PUNCT
fsr-3160	455	11	j.	j.	PROPN
fsr-3160	455	12	,	,	PUNCT
fsr-3160	455	13	&	&	CCONJ
fsr-3160	455	14	gu	gu	PROPN
fsr-3160	455	15	,	,	PUNCT
fsr-3160	455	16	y.	y.	PROPN
fsr-3160	455	17	(	(	PUNCT
fsr-3160	455	18	2021	2021	NUM
fsr-3160	455	19	)	)	PUNCT
fsr-3160	455	20	.	.	PUNCT
fsr-3160	456	1	the	the	DET
fsr-3160	456	2	silver	silver	PROPN
fsr-3160	456	3	tsunami	tsunami	NOUN
fsr-3160	456	4	:	:	PUNCT
fsr-3160	456	5	an	an	DET
fsr-3160	456	6	enquiry	enquiry	NOUN
fsr-3160	456	7	into	into	ADP
fsr-3160	456	8	the	the	DET
fsr-3160	456	9	financial	financial	ADJ
fsr-3160	456	10	needs	need	NOUN
fsr-3160	456	11	,	,	PUNCT
fsr-3160	456	12	preferences	preference	NOUN
fsr-3160	456	13	and	and	CCONJ
fsr-3160	456	14	behaviours	behaviour	NOUN
fsr-3160	456	15	of	of	ADP
fsr-3160	456	16	retirees	retiree	NOUN
fsr-3160	456	17	.	.	PUNCT
fsr-3160	457	1	accounting	accounting	PROPN
fsr-3160	457	2	&	&	CCONJ
fsr-3160	457	3	finance	finance	PROPN
fsr-3160	457	4	,	,	PUNCT
fsr-3160	457	5	61	61	NUM
fsr-3160	457	6	,	,	PUNCT
fsr-3160	457	7	645	645	NUM
fsr-3160	457	8	-	-	SYM
fsr-3160	457	9	687	687	NUM
fsr-3160	457	10	.	.	PUNCT
fsr-3160	458	1	cook	cook	NOUN
fsr-3160	458	2	,	,	PUNCT
fsr-3160	458	3	k.	k.	PROPN
fsr-3160	458	4	a.	a.	PROPN
fsr-3160	458	5	,	,	PUNCT
fsr-3160	458	6	meyer	meyer	PROPN
fsr-3160	458	7	,	,	PUNCT
fsr-3160	458	8	w.	w.	PROPN
fsr-3160	458	9	,	,	PUNCT
fsr-3160	458	10	&	&	CCONJ
fsr-3160	458	11	reichenstein	reichenstein	PROPN
fsr-3160	458	12	,	,	PUNCT
fsr-3160	458	13	w.	w.	PROPN
fsr-3160	458	14	(	(	PUNCT
fsr-3160	458	15	2015	2015	NUM
fsr-3160	458	16	)	)	PUNCT
fsr-3160	458	17	.	.	PUNCT
fsr-3160	459	1	tax	tax	NOUN
fsr-3160	459	2	-	-	PUNCT
fsr-3160	459	3	efficient	efficient	ADJ
fsr-3160	459	4	withdrawal	withdrawal	NOUN
fsr-3160	459	5	strategies	strategy	NOUN
fsr-3160	459	6	.	.	PUNCT
fsr-3160	460	1	financial	financial	ADJ
fsr-3160	460	2	analysts	analyst	NOUN
fsr-3160	460	3	journal	journal	NOUN
fsr-3160	460	4	,	,	PUNCT
fsr-3160	460	5	71	71	NUM
fsr-3160	460	6	,	,	PUNCT
fsr-3160	460	7	16	16	NUM
fsr-3160	460	8	-	-	SYM
fsr-3160	460	9	29	29	NUM
fsr-3160	460	10	.	.	PUNCT
fsr-3160	461	1	coopersmith	coopersmith	PROPN
fsr-3160	461	2	,	,	PUNCT
fsr-3160	461	3	l.	l.	PROPN
fsr-3160	461	4	w.	w.	PROPN
fsr-3160	461	5	,	,	PUNCT
fsr-3160	461	6	&	&	CCONJ
fsr-3160	461	7	sumutka	sumutka	PROPN
fsr-3160	461	8	,	,	PUNCT
fsr-3160	461	9	a.	a.	PROPN
fsr-3160	461	10	r.	r.	PROPN
fsr-3160	461	11	(	(	PUNCT
fsr-3160	461	12	2011	2011	NUM
fsr-3160	461	13	)	)	PUNCT
fsr-3160	461	14	.	.	PUNCT
fsr-3160	462	1	tax	tax	NOUN
fsr-3160	462	2	-	-	PUNCT
fsr-3160	462	3	efficient	efficient	ADJ
fsr-3160	462	4	retirement	retirement	NOUN
fsr-3160	462	5	withdrawal	withdrawal	NOUN
fsr-3160	462	6	planning	planning	NOUN
fsr-3160	462	7	using	use	VERB
fsr-3160	462	8	a	a	DET
fsr-3160	462	9	linear	linear	ADJ
fsr-3160	462	10	programming	programming	NOUN
fsr-3160	462	11	model	model	NOUN
fsr-3160	462	12	.	.	PUNCT
fsr-3160	463	1	journal	journal	PROPN
fsr-3160	463	2	of	of	ADP
fsr-3160	463	3	financial	financial	ADJ
fsr-3160	463	4	planning	planning	NOUN
fsr-3160	463	5	,	,	PUNCT
fsr-3160	463	6	24	24	NUM
fsr-3160	463	7	,	,	PUNCT
fsr-3160	463	8	50	50	NUM
fsr-3160	463	9	-	-	SYM
fsr-3160	463	10	59	59	NUM
fsr-3160	463	11	.	.	PUNCT
fsr-3160	464	1	coopersmith	coopersmith	PROPN
fsr-3160	464	2	,	,	PUNCT
fsr-3160	464	3	l.	l.	PROPN
fsr-3160	464	4	w.	w.	PROPN
fsr-3160	464	5	,	,	PUNCT
fsr-3160	464	6	&	&	CCONJ
fsr-3160	464	7	sumutka	sumutka	PROPN
fsr-3160	464	8	,	,	PUNCT
fsr-3160	464	9	a.	a.	PROPN
fsr-3160	464	10	r.	r.	PROPN
fsr-3160	464	11	(	(	PUNCT
fsr-3160	464	12	2017	2017	NUM
fsr-3160	464	13	)	)	PUNCT
fsr-3160	464	14	.	.	PUNCT
fsr-3160	465	1	the	the	DET
fsr-3160	465	2	impact	impact	NOUN
fsr-3160	465	3	of	of	ADP
fsr-3160	465	4	rates	rate	NOUN
fsr-3160	465	5	of	of	ADP
fsr-3160	465	6	return	return	NOUN
fsr-3160	465	7	on	on	ADP
fsr-3160	465	8	roth	roth	PROPN
fsr-3160	465	9	conversion	conversion	NOUN
fsr-3160	465	10	decisions	decision	NOUN
fsr-3160	465	11	and	and	CCONJ
fsr-3160	465	12	retiree	retiree	NOUN
fsr-3160	465	13	savings	saving	NOUN
fsr-3160	465	14	wealth	wealth	NOUN
fsr-3160	465	15	.	.	PUNCT
fsr-3160	466	1	journal	journal	NOUN
fsr-3160	466	2	of	of	ADP
fsr-3160	466	3	personal	personal	ADJ
fsr-3160	466	4	finance	finance	NOUN
fsr-3160	466	5	,	,	PUNCT
fsr-3160	466	6	16	16	NUM
fsr-3160	466	7	,	,	PUNCT
fsr-3160	466	8	29	29	NUM
fsr-3160	466	9	-	-	SYM
fsr-3160	466	10	39	39	NUM
fsr-3160	466	11	.	.	PUNCT
fsr-3160	467	1	dammon	dammon	PROPN
fsr-3160	467	2	,	,	PUNCT
fsr-3160	467	3	r.	r.	PROPN
fsr-3160	467	4	m.	m.	PROPN
fsr-3160	467	5	,	,	PUNCT
fsr-3160	467	6	spatt	spatt	PROPN
fsr-3160	467	7	,	,	PUNCT
fsr-3160	467	8	c.	c.	PROPN
fsr-3160	467	9	,	,	PUNCT
fsr-3160	467	10	&	&	CCONJ
fsr-3160	467	11	zhang	zhang	PROPN
fsr-3160	467	12	,	,	PUNCT
fsr-3160	467	13	h.	h.	PROPN
fsr-3160	467	14	h.	h.	PROPN
fsr-3160	467	15	(	(	PUNCT
fsr-3160	467	16	2004	2004	NUM
fsr-3160	467	17	)	)	PUNCT
fsr-3160	467	18	.	.	PUNCT
fsr-3160	468	1	optimal	optimal	ADJ
fsr-3160	468	2	asset	asset	NOUN
fsr-3160	468	3	location	location	NOUN
fsr-3160	468	4	and	and	CCONJ
fsr-3160	468	5	allocation	allocation	NOUN
fsr-3160	468	6	with	with	ADP
fsr-3160	468	7	taxable	taxable	ADJ
fsr-3160	468	8	and	and	CCONJ
fsr-3160	468	9	taxdeferred	taxdeferre	VERB
fsr-3160	468	10	investing	investing	NOUN
fsr-3160	468	11	.	.	PUNCT
fsr-3160	469	1	the	the	DET
fsr-3160	469	2	journal	journal	PROPN
fsr-3160	469	3	of	of	ADP
fsr-3160	469	4	finance	finance	NOUN
fsr-3160	469	5	,	,	PUNCT
fsr-3160	469	6	59	59	NUM
fsr-3160	469	7	,	,	PUNCT
fsr-3160	469	8	999	999	NUM
fsr-3160	469	9	-	-	SYM
fsr-3160	469	10	1037	1037	NUM
fsr-3160	469	11	.	.	PUNCT
fsr-3160	470	1	demuth	demuth	NOUN
fsr-3160	470	2	,	,	PUNCT
fsr-3160	470	3	p.	p.	NOUN
fsr-3160	470	4	(	(	PUNCT
fsr-3160	470	5	2016	2016	NUM
fsr-3160	470	6	)	)	PUNCT
fsr-3160	470	7	.	.	PUNCT
fsr-3160	471	1	the	the	DET
fsr-3160	471	2	overtaxed	overtax	VERB
fsr-3160	471	3	investor	investor	NOUN
fsr-3160	471	4	:	:	PUNCT
fsr-3160	471	5	slash	slash	VERB
fsr-3160	471	6	your	your	PRON
fsr-3160	471	7	tax	tax	NOUN
fsr-3160	471	8	bill	bill	NOUN
fsr-3160	471	9	&	&	CCONJ
fsr-3160	471	10	be	be	AUX
fsr-3160	471	11	a	a	DET
fsr-3160	471	12	tax	tax	NOUN
fsr-3160	471	13	alpha	alpha	NOUN
fsr-3160	471	14	dog	dog	NOUN
fsr-3160	471	15	.	.	PUNCT
fsr-3160	472	1	los	los	PROPN
fsr-3160	472	2	angeles	angeles	PROPN
fsr-3160	472	3	,	,	PUNCT
fsr-3160	472	4	ca	can	AUX
fsr-3160	472	5	:	:	PUNCT
fsr-3160	472	6	alpha	alpha	NOUN
fsr-3160	472	7	dog	dog	NOUN
fsr-3160	472	8	press	press	NOUN
fsr-3160	472	9	.	.	PUNCT
fsr-3160	473	1	dilellio	dilellio	PROPN
fsr-3160	473	2	,	,	PUNCT
fsr-3160	473	3	j.	j.	PROPN
fsr-3160	473	4	a.	a.	PROPN
fsr-3160	473	5	,	,	PUNCT
fsr-3160	473	6	&	&	CCONJ
fsr-3160	473	7	ostrov	ostrov	PROPN
fsr-3160	473	8	,	,	PUNCT
fsr-3160	473	9	d.	d.	PROPN
fsr-3160	473	10	n.	n.	PROPN
fsr-3160	473	11	(	(	PUNCT
fsr-3160	473	12	2017	2017	NUM
fsr-3160	473	13	)	)	PUNCT
fsr-3160	473	14	.	.	PUNCT
fsr-3160	474	1	optimal	optimal	ADJ
fsr-3160	474	2	strategies	strategy	NOUN
fsr-3160	474	3	for	for	ADP
fsr-3160	474	4	traditional	traditional	ADJ
fsr-3160	474	5	versus	versus	ADP
fsr-3160	474	6	roth	roth	PROPN
fsr-3160	474	7	ira/401(k	ira/401(k	PROPN
fsr-3160	474	8	)	)	PUNCT
fsr-3160	474	9	consumption	consumption	NOUN
fsr-3160	474	10	during	during	ADP
fsr-3160	474	11	retirement	retirement	NOUN
fsr-3160	474	12	.	.	PUNCT
fsr-3160	475	1	decision	decision	NOUN
fsr-3160	475	2	sciences	science	NOUN
fsr-3160	475	3	,	,	PUNCT
fsr-3160	475	4	48	48	NUM
fsr-3160	475	5	,	,	PUNCT
fsr-3160	475	6	356	356	NUM
fsr-3160	475	7	-	-	SYM
fsr-3160	475	8	384	384	NUM
fsr-3160	475	9	.	.	PUNCT
fsr-3160	475	10	dilellio	dilellio	PROPN
fsr-3160	475	11	,	,	PUNCT
fsr-3160	475	12	j.	j.	PROPN
fsr-3160	475	13	a.	a.	PROPN
fsr-3160	475	14	,	,	PUNCT
fsr-3160	475	15	&	&	CCONJ
fsr-3160	475	16	ostrov	ostrov	PROPN
fsr-3160	475	17	,	,	PUNCT
fsr-3160	475	18	d.	d.	PROPN
fsr-3160	475	19	n.	n.	PROPN
fsr-3160	475	20	(	(	PUNCT
fsr-3160	475	21	2020	2020	NUM
fsr-3160	475	22	)	)	PUNCT
fsr-3160	475	23	.	.	PUNCT
fsr-3160	476	1	toward	toward	ADP
fsr-3160	476	2	constructing	construct	VERB
fsr-3160	476	3	tax	tax	NOUN
fsr-3160	476	4	efficient	efficient	ADJ
fsr-3160	476	5	withdrawal	withdrawal	NOUN
fsr-3160	476	6	strategies	strategy	NOUN
fsr-3160	476	7	for	for	ADP
fsr-3160	476	8	retirees	retiree	NOUN
fsr-3160	476	9	with	with	ADP
fsr-3160	476	10	traditional	traditional	ADJ
fsr-3160	476	11	401(k)/iras	401(k)/ira	NOUN
fsr-3160	476	12	,	,	PUNCT
fsr-3160	476	13	roth	roth	NOUN
fsr-3160	476	14	401(k)/iras	401(k)/iras	NUM
fsr-3160	476	15	,	,	PUNCT
fsr-3160	476	16	and	and	CCONJ
fsr-3160	476	17	taxable	taxable	ADJ
fsr-3160	476	18	accounts	account	NOUN
fsr-3160	476	19	.	.	PUNCT
fsr-3160	477	1	financial	financial	ADJ
fsr-3160	477	2	services	service	NOUN
fsr-3160	477	3	review	review	PROPN
fsr-3160	477	4	,	,	PUNCT
fsr-3160	477	5	28	28	NUM
fsr-3160	477	6	,	,	PUNCT
fsr-3160	477	7	67	67	NUM
fsr-3160	477	8	-	-	SYM
fsr-3160	477	9	95	95	NUM
fsr-3160	477	10	.	.	PUNCT
fsr-3160	478	1	dilellio	dilellio	PROPN
fsr-3160	478	2	,	,	PUNCT
fsr-3160	478	3	j.	j.	PROPN
fsr-3160	478	4	a.	a.	PROPN
fsr-3160	478	5	,	,	PUNCT
fsr-3160	478	6	&	&	CCONJ
fsr-3160	478	7	kinsman	kinsman	NOUN
fsr-3160	478	8	,	,	PUNCT
fsr-3160	478	9	m.	m.	NOUN
fsr-3160	478	10	(	(	PUNCT
fsr-3160	478	11	2020	2020	NUM
fsr-3160	478	12	)	)	PUNCT
fsr-3160	478	13	.	.	PUNCT
fsr-3160	479	1	the	the	DET
fsr-3160	479	2	secure	secure	ADJ
fsr-3160	479	3	act	act	NOUN
fsr-3160	479	4	and	and	CCONJ
fsr-3160	479	5	your	your	PRON
fsr-3160	479	6	retirement	retirement	NOUN
fsr-3160	479	7	objectives	objective	NOUN
fsr-3160	479	8	.	.	PUNCT
fsr-3160	480	1	graziadio	graziadio	PROPN
fsr-3160	480	2	business	business	PROPN
fsr-3160	480	3	review	review	PROPN
fsr-3160	480	4	,	,	PUNCT
fsr-3160	480	5	23	23	NUM
fsr-3160	480	6	.	.	PUNCT
fsr-3160	481	1	fidelity	fidelity	PROPN
fsr-3160	481	2	.	.	PUNCT
fsr-3160	482	1	(	(	PUNCT
fsr-3160	482	2	2014	2014	NUM
fsr-3160	482	3	)	)	PUNCT
fsr-3160	482	4	.	.	PUNCT
fsr-3160	483	1	detailed	detailed	ADJ
fsr-3160	483	2	methodology	methodology	NOUN
fsr-3160	483	3	:	:	PUNCT
fsr-3160	483	4	fidelity	fidelity	PROPN
fsr-3160	483	5	retirement	retirement	PROPN
fsr-3160	483	6	income	income	PROPN
fsr-3160	483	7	planner	planner	NOUN
fsr-3160	483	8	.	.	PUNCT
fsr-3160	484	1	available	available	ADJ
fsr-3160	484	2	at	at	ADP
fsr-3160	484	3	http://personal	http://personal	PROPN
fsr-3160	484	4	.	.	PUNCT
fsr-3160	484	5	fidelity.com/planning/retirement/pdf/rip_methodology.pdf	fidelity.com/planning/retirement/pdf/rip_methodology.pdf	PROPN
fsr-3160	484	6	.	.	PUNCT
fsr-3160	485	1	fischer	fischer	PROPN
fsr-3160	485	2	,	,	PUNCT
fsr-3160	485	3	m.	m.	NOUN
fsr-3160	485	4	,	,	PUNCT
fsr-3160	485	5	&	&	CCONJ
fsr-3160	485	6	gallmeyer	gallmeyer	PROPN
fsr-3160	485	7	,	,	PUNCT
fsr-3160	485	8	m.	m.	NOUN
fsr-3160	485	9	(	(	PUNCT
fsr-3160	485	10	2017	2017	NUM
fsr-3160	485	11	)	)	PUNCT
fsr-3160	485	12	.	.	PUNCT
fsr-3160	486	1	taxable	taxable	ADJ
fsr-3160	486	2	and	and	CCONJ
fsr-3160	486	3	tax	tax	NOUN
fsr-3160	486	4	-	-	PUNCT
fsr-3160	486	5	deferred	defer	VERB
fsr-3160	486	6	investing	investing	NOUN
fsr-3160	486	7	with	with	ADP
fsr-3160	486	8	the	the	DET
fsr-3160	486	9	limited	limited	ADJ
fsr-3160	486	10	use	use	NOUN
fsr-3160	486	11	of	of	ADP
fsr-3160	486	12	losses	loss	NOUN
fsr-3160	486	13	.	.	PUNCT
fsr-3160	487	1	review	review	NOUN
fsr-3160	487	2	of	of	ADP
fsr-3160	487	3	finance	finance	NOUN
fsr-3160	487	4	,	,	PUNCT
fsr-3160	487	5	21	21	NUM
fsr-3160	487	6	,	,	PUNCT
fsr-3160	487	7	1847	1847	NUM
fsr-3160	487	8	-	-	SYM
fsr-3160	487	9	1873	1873	NUM
fsr-3160	487	10	.	.	PUNCT
fsr-3160	488	1	garlappi	garlappi	PROPN
fsr-3160	488	2	,	,	PUNCT
fsr-3160	488	3	l.	l.	PROPN
fsr-3160	488	4	,	,	PUNCT
fsr-3160	488	5	&	&	CCONJ
fsr-3160	488	6	huang	huang	PROPN
fsr-3160	488	7	,	,	PUNCT
fsr-3160	488	8	j.	j.	PROPN
fsr-3160	488	9	(	(	PUNCT
fsr-3160	488	10	2006	2006	NUM
fsr-3160	488	11	)	)	PUNCT
fsr-3160	488	12	.	.	PUNCT
fsr-3160	489	1	are	be	AUX
fsr-3160	489	2	stocks	stock	NOUN
fsr-3160	489	3	desirable	desirable	ADJ
fsr-3160	489	4	in	in	ADP
fsr-3160	489	5	tax	tax	NOUN
fsr-3160	489	6	-	-	PUNCT
fsr-3160	489	7	deferred	defer	VERB
fsr-3160	489	8	accounts	account	NOUN
fsr-3160	489	9	?	?	PUNCT
fsr-3160	490	1	journal	journal	NOUN
fsr-3160	490	2	of	of	ADP
fsr-3160	490	3	public	public	ADJ
fsr-3160	490	4	economics	economic	NOUN
fsr-3160	490	5	,	,	PUNCT
fsr-3160	490	6	90	90	NUM
fsr-3160	490	7	,	,	PUNCT
fsr-3160	490	8	2257	2257	NUM
fsr-3160	490	9	-	-	SYM
fsr-3160	490	10	2283	2283	NUM
fsr-3160	490	11	.	.	PUNCT
fsr-3160	491	1	geisler	geisler	PROPN
fsr-3160	491	2	,	,	PUNCT
fsr-3160	491	3	g.	g.	PROPN
fsr-3160	491	4	,	,	PUNCT
fsr-3160	491	5	&	&	CCONJ
fsr-3160	491	6	hulse	hulse	PROPN
fsr-3160	491	7	,	,	PUNCT
fsr-3160	491	8	d.	d.	PROPN
fsr-3160	491	9	(	(	PUNCT
fsr-3160	491	10	2018	2018	NUM
fsr-3160	491	11	)	)	PUNCT
fsr-3160	491	12	.	.	PUNCT
fsr-3160	492	1	the	the	DET
fsr-3160	492	2	effects	effect	NOUN
fsr-3160	492	3	of	of	ADP
fsr-3160	492	4	social	social	ADJ
fsr-3160	492	5	security	security	NOUN
fsr-3160	492	6	benefits	benefit	NOUN
fsr-3160	492	7	and	and	CCONJ
fsr-3160	492	8	rmds	rmds	VERB
fsr-3160	492	9	on	on	ADP
fsr-3160	492	10	tax	tax	NOUN
fsr-3160	492	11	-	-	PUNCT
fsr-3160	492	12	efficient	efficient	ADJ
fsr-3160	492	13	withdrawal	withdrawal	NOUN
fsr-3160	492	14	strategies	strategy	NOUN
fsr-3160	492	15	.	.	PUNCT
fsr-3160	493	1	journal	journal	NOUN
fsr-3160	493	2	of	of	ADP
fsr-3160	493	3	financial	financial	ADJ
fsr-3160	493	4	planning	planning	NOUN
fsr-3160	493	5	,	,	PUNCT
fsr-3160	493	6	31	31	NUM
fsr-3160	493	7	,	,	PUNCT
fsr-3160	493	8	36	36	NUM
fsr-3160	493	9	-	-	SYM
fsr-3160	493	10	47	47	NUM
fsr-3160	493	11	.	.	PUNCT
fsr-3160	494	1	gerrans	gerran	NOUN
fsr-3160	494	2	,	,	PUNCT
fsr-3160	494	3	p.	p.	NOUN
fsr-3160	494	4	,	,	PUNCT
fsr-3160	494	5	clark	clark	PROPN
fsr-3160	494	6	-	-	PUNCT
fsr-3160	494	7	murphy	murphy	PROPN
fsr-3160	494	8	,	,	PUNCT
fsr-3160	494	9	m.	m.	NOUN
fsr-3160	494	10	,	,	PUNCT
fsr-3160	494	11	&	&	CCONJ
fsr-3160	494	12	speelman	speelman	PROPN
fsr-3160	494	13	,	,	PUNCT
fsr-3160	494	14	c.	c.	PROPN
fsr-3160	494	15	(	(	PUNCT
fsr-3160	494	16	2009	2009	NUM
fsr-3160	494	17	)	)	PUNCT
fsr-3160	494	18	.	.	PUNCT
fsr-3160	495	1	asset	asset	NOUN
fsr-3160	495	2	allocation	allocation	NOUN
fsr-3160	495	3	and	and	CCONJ
fsr-3160	495	4	age	age	NOUN
fsr-3160	495	5	effects	effect	NOUN
fsr-3160	495	6	in	in	ADP
fsr-3160	495	7	retirement	retirement	NOUN
fsr-3160	495	8	savings	saving	NOUN
fsr-3160	495	9	choices	choice	NOUN
fsr-3160	495	10	.	.	PUNCT
fsr-3160	496	1	accounting	accounting	NOUN
fsr-3160	496	2	&	&	CCONJ
fsr-3160	496	3	finance	finance	PROPN
fsr-3160	496	4	,	,	PUNCT
fsr-3160	496	5	50	50	NUM
fsr-3160	496	6	,	,	PUNCT
fsr-3160	496	7	301	301	NUM
fsr-3160	496	8	-	-	SYM
fsr-3160	496	9	319	319	NUM
fsr-3160	496	10	.	.	PUNCT
fsr-3160	497	1	kobor	kobor	PROPN
fsr-3160	497	2	,	,	PUNCT
fsr-3160	497	3	a.	a.	PROPN
fsr-3160	497	4	,	,	PUNCT
fsr-3160	497	5	&	&	CCONJ
fsr-3160	497	6	muralidhar	muralidhar	PROPN
fsr-3160	497	7	,	,	PUNCT
fsr-3160	497	8	a.	a.	NOUN
fsr-3160	497	9	(	(	PUNCT
fsr-3160	497	10	2020	2020	NUM
fsr-3160	497	11	)	)	PUNCT
fsr-3160	497	12	.	.	PUNCT
fsr-3160	498	1	targeting	target	VERB
fsr-3160	498	2	retirement	retirement	NOUN
fsr-3160	498	3	security	security	NOUN
fsr-3160	498	4	with	with	ADP
fsr-3160	498	5	a	a	DET
fsr-3160	498	6	dynamic	dynamic	ADJ
fsr-3160	498	7	asset	asset	NOUN
fsr-3160	498	8	allocation	allocation	NOUN
fsr-3160	498	9	strategy	strategy	NOUN
fsr-3160	498	10	.	.	PUNCT
fsr-3160	499	1	financial	financial	ADJ
fsr-3160	499	2	analysts	analyst	NOUN
fsr-3160	499	3	journal	journal	NOUN
fsr-3160	499	4	,	,	PUNCT
fsr-3160	499	5	76	76	NUM
fsr-3160	499	6	,	,	PUNCT
fsr-3160	499	7	38	38	NUM
fsr-3160	499	8	-	-	SYM
fsr-3160	499	9	55	55	NUM
fsr-3160	499	10	.	.	PUNCT
fsr-3160	500	1	lange	lange	PROPN
fsr-3160	500	2	,	,	PUNCT
fsr-3160	500	3	j.	j.	PROPN
fsr-3160	500	4	(	(	PUNCT
fsr-3160	500	5	2009	2009	NUM
fsr-3160	500	6	)	)	PUNCT
fsr-3160	500	7	.	.	PUNCT
fsr-3160	501	1	retire	retire	VERB
fsr-3160	501	2	secure	secure	ADJ
fsr-3160	501	3	!	!	PUNCT
fsr-3160	502	1	hoboken	hoboken	PROPN
fsr-3160	502	2	,	,	PUNCT
fsr-3160	502	3	nj	nj	PROPN
fsr-3160	502	4	:	:	PUNCT
fsr-3160	502	5	wiley	wiley	PROPN
fsr-3160	502	6	.	.	PUNCT
fsr-3160	503	1	lachance	lachance	PROPN
fsr-3160	503	2	,	,	PUNCT
fsr-3160	503	3	m.	m.	NOUN
fsr-3160	503	4	(	(	PUNCT
fsr-3160	503	5	2013	2013	NUM
fsr-3160	503	6	)	)	PUNCT
fsr-3160	503	7	.	.	PUNCT
fsr-3160	504	1	roth	roth	PROPN
fsr-3160	504	2	versus	versus	ADP
fsr-3160	504	3	traditional	traditional	ADJ
fsr-3160	504	4	accounts	account	NOUN
fsr-3160	504	5	in	in	ADP
fsr-3160	504	6	a	a	DET
fsr-3160	504	7	life	life	NOUN
fsr-3160	504	8	-	-	PUNCT
fsr-3160	504	9	cycle	cycle	NOUN
fsr-3160	504	10	model	model	NOUN
fsr-3160	504	11	with	with	ADP
fsr-3160	504	12	tax	tax	NOUN
fsr-3160	504	13	risk	risk	NOUN
fsr-3160	504	14	.	.	PUNCT
fsr-3160	505	1	journal	journal	NOUN
fsr-3160	505	2	of	of	ADP
fsr-3160	505	3	pension	pension	NOUN
fsr-3160	505	4	economics	economic	NOUN
fsr-3160	505	5	and	and	CCONJ
fsr-3160	505	6	finance	finance	NOUN
fsr-3160	505	7	,	,	PUNCT
fsr-3160	505	8	12	12	NUM
fsr-3160	505	9	,	,	PUNCT
fsr-3160	505	10	28	28	NUM
fsr-3160	505	11	-	-	SYM
fsr-3160	505	12	61	61	NUM
fsr-3160	505	13	.	.	PUNCT
fsr-3160	506	1	table	table	NOUN
fsr-3160	506	2	a2	a2	PROPN
fsr-3160	506	3	u.s	u.s	PROPN
fsr-3160	506	4	.	.	PROPN
fsr-3160	506	5	capital	capital	PROPN
fsr-3160	506	6	gains	gain	NOUN
fsr-3160	506	7	tax	tax	NOUN
fsr-3160	506	8	rates	rate	NOUN
fsr-3160	506	9	and	and	CCONJ
fsr-3160	506	10	brackets	bracket	NOUN
fsr-3160	506	11	,	,	PUNCT
fsr-3160	506	12	2020	2020	NUM
fsr-3160	506	13	tax	tax	NOUN
fsr-3160	506	14	year	year	NOUN
fsr-3160	506	15	capital	capital	NOUN
fsr-3160	506	16	gains	gain	NOUN
fsr-3160	506	17	tax	tax	NOUN
fsr-3160	506	18	rate	rate	NOUN
fsr-3160	506	19	income	income	NOUN
fsr-3160	506	20	limit	limit	NOUN
fsr-3160	506	21	,	,	PUNCT
fsr-3160	506	22	single	single	ADJ
fsr-3160	506	23	income	income	NOUN
fsr-3160	506	24	limit	limit	NOUN
fsr-3160	506	25	,	,	PUNCT
fsr-3160	506	26	married	married	ADJ
fsr-3160	506	27	filing	filing	NOUN
fsr-3160	506	28	jointly	jointly	ADV
fsr-3160	506	29	0	0	NUM
fsr-3160	506	30	%	%	NOUN
fsr-3160	506	31	$	$	SYM
fsr-3160	506	32	40,000	40,000	NUM
fsr-3160	506	33	$	$	SYM
fsr-3160	506	34	80,000	80,000	NUM
fsr-3160	506	35	15	15	NUM
fsr-3160	506	36	%	%	NOUN
fsr-3160	506	37	$	$	SYM
fsr-3160	506	38	441,450	441,450	NUM
fsr-3160	506	39	$	$	SYM
fsr-3160	506	40	496,600	496,600	NUM
fsr-3160	506	41	20	20	NUM
fsr-3160	506	42	%	%	NOUN
fsr-3160	506	43	none	none	NOUN
fsr-3160	506	44	none	none	NOUN
fsr-3160	506	45	248	248	NUM
fsr-3160	506	46	j.	j.	PROPN
fsr-3160	506	47	a.	a.	PROPN
fsr-3160	506	48	dilellio	dilellio	PROPN
fsr-3160	506	49	and	and	CCONJ
fsr-3160	506	50	a.	a.	PROPN
fsr-3160	506	51	simon	simon	PROPN
fsr-3160	506	52	/	/	SYM
fsr-3160	506	53	financial	financial	ADJ
fsr-3160	506	54	services	service	NOUN
fsr-3160	506	55	review	review	VERB
fsr-3160	506	56	30	30	NUM
fsr-3160	506	57	(	(	PUNCT
fsr-3160	506	58	2022	2022	NUM
fsr-3160	506	59	)	)	PUNCT
fsr-3160	507	1	223–249	223–249	NUM
fsr-3160	507	2	marekwica	marekwica	NOUN
fsr-3160	507	3	,	,	PUNCT
fsr-3160	507	4	m.	m.	NOUN
fsr-3160	507	5	,	,	PUNCT
fsr-3160	507	6	schaefer	schaefer	NOUN
fsr-3160	507	7	,	,	PUNCT
fsr-3160	507	8	a.	a.	PROPN
fsr-3160	507	9	,	,	PUNCT
fsr-3160	507	10	&	&	CCONJ
fsr-3160	507	11	sebastian	sebastian	PROPN
fsr-3160	507	12	,	,	PUNCT
fsr-3160	507	13	s.	s.	PROPN
fsr-3160	507	14	(	(	PUNCT
fsr-3160	507	15	2013	2013	NUM
fsr-3160	507	16	)	)	PUNCT
fsr-3160	507	17	.	.	PUNCT
fsr-3160	508	1	life	life	NOUN
fsr-3160	508	2	cycle	cycle	NOUN
fsr-3160	508	3	asset	asset	NOUN
fsr-3160	508	4	allocation	allocation	NOUN
fsr-3160	508	5	in	in	ADP
fsr-3160	508	6	the	the	DET
fsr-3160	508	7	presence	presence	NOUN
fsr-3160	508	8	of	of	ADP
fsr-3160	508	9	housing	housing	NOUN
fsr-3160	508	10	and	and	CCONJ
fsr-3160	508	11	tax	tax	NOUN
fsr-3160	508	12	-	-	PUNCT
fsr-3160	508	13	deferred	defer	VERB
fsr-3160	508	14	investing	investing	NOUN
fsr-3160	508	15	.	.	PUNCT
fsr-3160	509	1	journal	journal	PROPN
fsr-3160	509	2	of	of	ADP
fsr-3160	509	3	economic	economic	ADJ
fsr-3160	509	4	dynamics	dynamic	NOUN
fsr-3160	509	5	and	and	CCONJ
fsr-3160	509	6	control	control	NOUN
fsr-3160	509	7	,	,	PUNCT
fsr-3160	509	8	37	37	NUM
fsr-3160	509	9	,	,	PUNCT
fsr-3160	509	10	1110	1110	NUM
fsr-3160	509	11	-	-	SYM
fsr-3160	509	12	1125	1125	NUM
fsr-3160	509	13	.	.	PUNCT
fsr-3160	510	1	horan	horan	PROPN
fsr-3160	510	2	,	,	PUNCT
fsr-3160	510	3	s.	s.	PROPN
fsr-3160	510	4	m.	m.	PROPN
fsr-3160	510	5	(	(	PUNCT
fsr-3160	510	6	2006	2006	NUM
fsr-3160	510	7	)	)	PUNCT
fsr-3160	510	8	.	.	PUNCT
fsr-3160	511	1	withdrawal	withdrawal	NOUN
fsr-3160	511	2	location	location	NOUN
fsr-3160	511	3	with	with	ADP
fsr-3160	511	4	progressive	progressive	ADJ
fsr-3160	511	5	tax	tax	NOUN
fsr-3160	511	6	rates	rate	NOUN
fsr-3160	511	7	.	.	PUNCT
fsr-3160	512	1	financial	financial	ADJ
fsr-3160	512	2	analysts	analyst	NOUN
fsr-3160	512	3	journal	journal	NOUN
fsr-3160	512	4	,	,	PUNCT
fsr-3160	512	5	62	62	NUM
fsr-3160	512	6	,	,	PUNCT
fsr-3160	512	7	77	77	NUM
fsr-3160	512	8	-	-	SYM
fsr-3160	512	9	87	87	NUM
fsr-3160	512	10	.	.	PUNCT
fsr-3160	513	1	huang	huang	PROPN
fsr-3160	513	2	,	,	PUNCT
fsr-3160	513	3	c.	c.	PROPN
fsr-3160	513	4	c.	c.	PROPN
fsr-3160	513	5	,	,	PUNCT
fsr-3160	513	6	&	&	CCONJ
fsr-3160	513	7	cho	cho	PROPN
fsr-3160	513	8	,	,	PUNCT
fsr-3160	513	9	c.	c.	PROPN
fsr-3160	513	10	(	(	PUNCT
fsr-3160	513	11	2017	2017	NUM
fsr-3160	513	12	)	)	PUNCT
fsr-3160	513	13	.	.	PUNCT
fsr-3160	514	1	ten	ten	NUM
fsr-3160	514	2	facts	fact	NOUN
fsr-3160	514	3	you	you	PRON
fsr-3160	514	4	should	should	AUX
fsr-3160	514	5	know	know	VERB
fsr-3160	514	6	about	about	ADP
fsr-3160	514	7	the	the	DET
fsr-3160	514	8	federal	federal	ADJ
fsr-3160	514	9	estate	estate	NOUN
fsr-3160	514	10	tax	tax	NOUN
fsr-3160	514	11	.	.	PUNCT
fsr-3160	515	1	center	center	NOUN
fsr-3160	515	2	on	on	ADP
fsr-3160	515	3	budget	budget	NOUN
fsr-3160	515	4	and	and	CCONJ
fsr-3160	515	5	policy	policy	NOUN
fsr-3160	515	6	priorities	priority	NOUN
fsr-3160	515	7	,	,	PUNCT
fsr-3160	515	8	1	1	NUM
fsr-3160	515	9	-	-	SYM
fsr-3160	515	10	7	7	NUM
fsr-3160	515	11	.	.	PUNCT
fsr-3160	516	1	meyer	meyer	PROPN
fsr-3160	516	2	,	,	PUNCT
fsr-3160	516	3	w.	w.	PROPN
fsr-3160	516	4	,	,	PUNCT
fsr-3160	516	5	&	&	CCONJ
fsr-3160	516	6	reichenstein	reichenstein	PROPN
fsr-3160	516	7	,	,	PUNCT
fsr-3160	516	8	w.	w.	PROPN
fsr-3160	516	9	(	(	PUNCT
fsr-3160	516	10	2013	2013	NUM
fsr-3160	516	11	)	)	PUNCT
fsr-3160	516	12	.	.	PUNCT
fsr-3160	517	1	the	the	DET
fsr-3160	517	2	tax	tax	NOUN
fsr-3160	517	3	torpedo	torpedo	NOUN
fsr-3160	517	4	:	:	PUNCT
fsr-3160	517	5	coordinating	coordinate	VERB
fsr-3160	517	6	social	social	ADJ
fsr-3160	517	7	security	security	NOUN
fsr-3160	517	8	with	with	ADP
fsr-3160	517	9	a	a	DET
fsr-3160	517	10	withdrawal	withdrawal	NOUN
fsr-3160	517	11	strategy	strategy	NOUN
fsr-3160	517	12	to	to	PART
fsr-3160	517	13	minimize	minimize	VERB
fsr-3160	517	14	taxes	taxis	NOUN
fsr-3160	517	15	.	.	PUNCT
fsr-3160	518	1	retirement	retirement	NOUN
fsr-3160	518	2	management	management	PROPN
fsr-3160	518	3	journal	journal	NOUN
fsr-3160	518	4	,	,	PUNCT
fsr-3160	518	5	3	3	NUM
fsr-3160	518	6	,	,	PUNCT
fsr-3160	518	7	25	25	NUM
fsr-3160	518	8	-	-	SYM
fsr-3160	518	9	32	32	NUM
fsr-3160	518	10	.	.	PUNCT
fsr-3160	519	1	milesvsky	milesvsky	ADJ
fsr-3160	519	2	,	,	PUNCT
fsr-3160	519	3	m.	m.	NOUN
fsr-3160	519	4	(	(	PUNCT
fsr-3160	519	5	2020	2020	NUM
fsr-3160	519	6	)	)	PUNCT
fsr-3160	519	7	.	.	PUNCT
fsr-3160	520	1	retirement	retirement	NOUN
fsr-3160	520	2	income	income	NOUN
fsr-3160	520	3	recipes	recipe	NOUN
fsr-3160	520	4	in	in	ADP
fsr-3160	520	5	r.	r.	PROPN
fsr-3160	520	6	switzerland	switzerland	PROPN
fsr-3160	520	7	:	:	PUNCT
fsr-3160	520	8	springer	springer	NOUN
fsr-3160	520	9	.	.	PUNCT
fsr-3160	521	1	piper	piper	NOUN
fsr-3160	521	2	,	,	PUNCT
fsr-3160	521	3	m.	m.	NOUN
fsr-3160	521	4	(	(	PUNCT
fsr-3160	521	5	2013	2013	NUM
fsr-3160	521	6	)	)	PUNCT
fsr-3160	521	7	.	.	PUNCT
fsr-3160	522	1	can	can	AUX
fsr-3160	522	2	i	i	PRON
fsr-3160	522	3	retire	retire	VERB
fsr-3160	522	4	?	?	PUNCT
fsr-3160	523	1	st	st	PROPN
fsr-3160	523	2	.	.	PROPN
fsr-3160	523	3	louis	louis	PROPN
fsr-3160	523	4	,	,	PUNCT
fsr-3160	523	5	mo	mo	NOUN
fsr-3160	523	6	:	:	PUNCT
fsr-3160	523	7	simple	simple	ADJ
fsr-3160	523	8	subjects	subject	NOUN
fsr-3160	523	9	,	,	PUNCT
fsr-3160	523	10	llc	llc	PROPN
fsr-3160	523	11	.	.	PUNCT
fsr-3160	524	1	reichenstein	reichenstein	PROPN
fsr-3160	524	2	,	,	PUNCT
fsr-3160	524	3	w.	w.	PROPN
fsr-3160	524	4	,	,	PUNCT
fsr-3160	524	5	&	&	CCONJ
fsr-3160	524	6	meyer	meyer	PROPN
fsr-3160	524	7	,	,	PUNCT
fsr-3160	524	8	w.	w.	PROPN
fsr-3160	524	9	(	(	PUNCT
fsr-3160	524	10	2018	2018	NUM
fsr-3160	524	11	)	)	PUNCT
fsr-3160	524	12	.	.	PUNCT
fsr-3160	525	1	understanding	understand	VERB
fsr-3160	525	2	the	the	DET
fsr-3160	525	3	tax	tax	NOUN
fsr-3160	525	4	torpedo	torpedo	NOUN
fsr-3160	525	5	and	and	CCONJ
fsr-3160	525	6	its	its	PRON
fsr-3160	525	7	implications	implication	NOUN
fsr-3160	525	8	for	for	ADP
fsr-3160	525	9	various	various	ADJ
fsr-3160	525	10	retirees	retiree	NOUN
fsr-3160	525	11	.	.	PUNCT
fsr-3160	526	1	journal	journal	PROPN
fsr-3160	526	2	of	of	ADP
fsr-3160	526	3	financial	financial	ADJ
fsr-3160	526	4	planning	planning	NOUN
fsr-3160	526	5	,	,	PUNCT
fsr-3160	526	6	31	31	NUM
fsr-3160	526	7	,	,	PUNCT
fsr-3160	526	8	38	38	NUM
fsr-3160	526	9	-	-	SYM
fsr-3160	526	10	45	45	NUM
fsr-3160	526	11	.	.	PUNCT
fsr-3160	527	1	reichenstein	reichenstein	PROPN
fsr-3160	527	2	,	,	PUNCT
fsr-3160	527	3	w.	w.	PROPN
fsr-3160	527	4	,	,	PUNCT
fsr-3160	527	5	horan	horan	PROPN
fsr-3160	527	6	,	,	PUNCT
fsr-3160	527	7	s.	s.	PROPN
fsr-3160	527	8	m.	m.	PROPN
fsr-3160	527	9	,	,	PUNCT
fsr-3160	527	10	&	&	CCONJ
fsr-3160	527	11	jennings	jennings	PROPN
fsr-3160	527	12	,	,	PUNCT
fsr-3160	527	13	w.	w.	PROPN
fsr-3160	527	14	w.	w.	PROPN
fsr-3160	527	15	(	(	PUNCT
fsr-3160	527	16	2012	2012	NUM
fsr-3160	527	17	)	)	PUNCT
fsr-3160	527	18	.	.	PUNCT
fsr-3160	528	1	two	two	NUM
fsr-3160	528	2	key	key	ADJ
fsr-3160	528	3	concepts	concept	NOUN
fsr-3160	528	4	for	for	ADP
fsr-3160	528	5	wealth	wealth	NOUN
fsr-3160	528	6	management	management	NOUN
fsr-3160	528	7	and	and	CCONJ
fsr-3160	528	8	beyond	beyond	ADP
fsr-3160	528	9	.	.	PUNCT
fsr-3160	529	1	financial	financial	ADJ
fsr-3160	529	2	analysts	analyst	NOUN
fsr-3160	529	3	journal	journal	NOUN
fsr-3160	529	4	,	,	PUNCT
fsr-3160	529	5	68	68	NUM
fsr-3160	529	6	,	,	PUNCT
fsr-3160	529	7	14	14	NUM
fsr-3160	529	8	-	-	SYM
fsr-3160	529	9	14	14	NUM
fsr-3160	529	10	.	.	PUNCT
fsr-3160	530	1	rodgers	rodger	NOUN
fsr-3160	530	2	,	,	PUNCT
fsr-3160	530	3	r.	r.	PROPN
fsr-3160	530	4	(	(	PUNCT
fsr-3160	530	5	2009	2009	NUM
fsr-3160	530	6	)	)	PUNCT
fsr-3160	530	7	.	.	PUNCT
fsr-3160	531	1	the	the	DET
fsr-3160	531	2	new	new	ADJ
fsr-3160	531	3	three	three	NUM
fsr-3160	531	4	-	-	PUNCT
fsr-3160	531	5	legged	legged	ADJ
fsr-3160	531	6	stool	stool	NOUN
fsr-3160	531	7	.	.	PUNCT
fsr-3160	532	1	hoboken	hoboken	PROPN
fsr-3160	532	2	,	,	PUNCT
fsr-3160	532	3	nj	nj	PROPN
fsr-3160	532	4	:	:	PUNCT
fsr-3160	532	5	wiley	wiley	PROPN
fsr-3160	532	6	.	.	PUNCT
fsr-3160	533	1	sialm	sialm	PROPN
fsr-3160	533	2	,	,	PUNCT
fsr-3160	533	3	c.	c.	PROPN
fsr-3160	533	4	(	(	PUNCT
fsr-3160	533	5	2006	2006	NUM
fsr-3160	533	6	)	)	PUNCT
fsr-3160	533	7	.	.	PUNCT
fsr-3160	534	1	stochastic	stochastic	ADJ
fsr-3160	534	2	taxation	taxation	NOUN
fsr-3160	534	3	and	and	CCONJ
fsr-3160	534	4	asset	asset	NOUN
fsr-3160	534	5	pricing	pricing	NOUN
fsr-3160	534	6	in	in	ADP
fsr-3160	534	7	dynamic	dynamic	ADJ
fsr-3160	534	8	general	general	ADJ
fsr-3160	534	9	equilibrium	equilibrium	NOUN
fsr-3160	534	10	.	.	PUNCT
fsr-3160	535	1	journal	journal	NOUN
fsr-3160	535	2	of	of	ADP
fsr-3160	535	3	economic	economic	ADJ
fsr-3160	535	4	dynamics	dynamic	NOUN
fsr-3160	535	5	and	and	CCONJ
fsr-3160	535	6	control	control	NOUN
fsr-3160	535	7	,	,	PUNCT
fsr-3160	535	8	30	30	NUM
fsr-3160	535	9	,	,	PUNCT
fsr-3160	535	10	511	511	NUM
fsr-3160	535	11	-	-	SYM
fsr-3160	535	12	540	540	NUM
fsr-3160	535	13	.	.	PUNCT
fsr-3160	536	1	solin	solin	PROPN
fsr-3160	536	2	,	,	PUNCT
fsr-3160	536	3	d.	d.	PROPN
fsr-3160	536	4	r.	r.	PROPN
fsr-3160	536	5	(	(	PUNCT
fsr-3160	536	6	2010	2010	NUM
fsr-3160	536	7	)	)	PUNCT
fsr-3160	536	8	.	.	PUNCT
fsr-3160	537	1	the	the	DET
fsr-3160	537	2	smartest	smart	ADJ
fsr-3160	537	3	retirement	retirement	NOUN
fsr-3160	537	4	book	book	NOUN
fsr-3160	537	5	you	you	PRON
fsr-3160	537	6	’ll	’ll	AUX
fsr-3160	537	7	ever	ever	ADV
fsr-3160	537	8	read	read	VERB
fsr-3160	537	9	.	.	PUNCT
fsr-3160	538	1	new	new	PROPN
fsr-3160	538	2	york	york	PROPN
fsr-3160	538	3	,	,	PUNCT
fsr-3160	538	4	ny	ny	PROPN
fsr-3160	538	5	:	:	PUNCT
fsr-3160	538	6	perigee	perigee	NOUN
fsr-3160	538	7	trade	trade	NOUN
fsr-3160	538	8	.	.	PUNCT
fsr-3160	539	1	sumutka	sumutka	PROPN
fsr-3160	539	2	,	,	PUNCT
fsr-3160	539	3	a.	a.	PROPN
fsr-3160	539	4	r.	r.	PROPN
fsr-3160	539	5	,	,	PUNCT
fsr-3160	539	6	sumutka	sumutka	PROPN
fsr-3160	539	7	,	,	PUNCT
fsr-3160	539	8	a.	a.	NOUN
fsr-3160	539	9	m.	m.	NOUN
fsr-3160	539	10	,	,	PUNCT
fsr-3160	539	11	&	&	CCONJ
fsr-3160	539	12	coopersmith	coopersmith	PROPN
fsr-3160	539	13	,	,	PUNCT
fsr-3160	539	14	l.	l.	PROPN
fsr-3160	539	15	w.	w.	PROPN
fsr-3160	539	16	(	(	PUNCT
fsr-3160	539	17	2012	2012	NUM
fsr-3160	539	18	)	)	PUNCT
fsr-3160	539	19	.	.	PUNCT
fsr-3160	540	1	tax	tax	NOUN
fsr-3160	540	2	-	-	PUNCT
fsr-3160	540	3	efficient	efficient	ADJ
fsr-3160	540	4	retirement	retirement	NOUN
fsr-3160	540	5	withdrawal	withdrawal	NOUN
fsr-3160	540	6	planning	planning	NOUN
fsr-3160	540	7	using	use	VERB
fsr-3160	540	8	a	a	DET
fsr-3160	540	9	comprehensive	comprehensive	ADJ
fsr-3160	540	10	tax	tax	NOUN
fsr-3160	540	11	model	model	NOUN
fsr-3160	540	12	.	.	PUNCT
fsr-3160	541	1	journal	journal	PROPN
fsr-3160	541	2	of	of	ADP
fsr-3160	541	3	financial	financial	ADJ
fsr-3160	541	4	planning	planning	NOUN
fsr-3160	541	5	,	,	PUNCT
fsr-3160	541	6	25	25	NUM
fsr-3160	541	7	,	,	PUNCT
fsr-3160	541	8	41	41	NUM
fsr-3160	541	9	-	-	SYM
fsr-3160	541	10	52	52	NUM
fsr-3160	541	11	.	.	PUNCT
fsr-3160	542	1	poterba	poterba	NOUN
fsr-3160	542	2	,	,	PUNCT
fsr-3160	542	3	j.	j.	PROPN
fsr-3160	542	4	m.	m.	PROPN
fsr-3160	542	5	(	(	PUNCT
fsr-3160	542	6	2014	2014	NUM
fsr-3160	542	7	)	)	PUNCT
fsr-3160	542	8	.	.	PUNCT
fsr-3160	543	1	retirement	retirement	NOUN
fsr-3160	543	2	security	security	NOUN
fsr-3160	543	3	in	in	ADP
fsr-3160	543	4	an	an	DET
fsr-3160	543	5	aging	age	VERB
fsr-3160	543	6	population	population	NOUN
fsr-3160	543	7	.	.	PUNCT
fsr-3160	544	1	american	american	PROPN
fsr-3160	544	2	economic	economic	PROPN
fsr-3160	544	3	review	review	PROPN
fsr-3160	544	4	,	,	PUNCT
fsr-3160	544	5	104	104	NUM
fsr-3160	544	6	,	,	PUNCT
fsr-3160	544	7	1	1	NUM
fsr-3160	544	8	-	-	SYM
fsr-3160	544	9	30	30	NUM
fsr-3160	544	10	.	.	PUNCT
fsr-3160	545	1	pfau	pfau	NOUN
fsr-3160	545	2	,	,	PUNCT
fsr-3160	545	3	w.	w.	PROPN
fsr-3160	545	4	,	,	PUNCT
fsr-3160	545	5	tomlinson	tomlinson	PROPN
fsr-3160	545	6	,	,	PUNCT
fsr-3160	545	7	j.	j.	PROPN
fsr-3160	545	8	,	,	PUNCT
fsr-3160	545	9	&	&	CCONJ
fsr-3160	545	10	vernon	vernon	PROPN
fsr-3160	545	11	,	,	PUNCT
fsr-3160	545	12	s.	s.	PROPN
fsr-3160	545	13	(	(	PUNCT
fsr-3160	545	14	2017	2017	NUM
fsr-3160	545	15	)	)	PUNCT
fsr-3160	545	16	.	.	PUNCT
fsr-3160	546	1	optimizing	optimize	VERB
fsr-3160	546	2	retirement	retirement	NOUN
fsr-3160	546	3	income	income	NOUN
fsr-3160	546	4	by	by	ADP
fsr-3160	546	5	integrating	integrate	VERB
fsr-3160	546	6	retirement	retirement	NOUN
fsr-3160	546	7	plans	plan	NOUN
fsr-3160	546	8	,	,	PUNCT
fsr-3160	546	9	iras	ira	NOUN
fsr-3160	546	10	,	,	PUNCT
fsr-3160	546	11	and	and	CCONJ
fsr-3160	546	12	home	home	NOUN
fsr-3160	546	13	equity	equity	NOUN
fsr-3160	546	14	.	.	PUNCT
fsr-3160	547	1	schaumburg	schaumburg	PROPN
fsr-3160	547	2	,	,	PUNCT
fsr-3160	547	3	il	il	PROPN
fsr-3160	547	4	:	:	PUNCT
fsr-3160	547	5	society	society	NOUN
fsr-3160	547	6	of	of	ADP
fsr-3160	547	7	actuaries	actuary	NOUN
fsr-3160	547	8	.	.	PUNCT
fsr-3160	548	1	available	available	ADJ
fsr-3160	548	2	at	at	ADP
fsr-3160	548	3	https://www.soa.org/493461/	https://www.soa.org/493461/	NOUN
fsr-3160	548	4	globalassets	globalasset	NOUN
fsr-3160	548	5	/	/	SYM
fsr-3160	548	6	assets	asset	NOUN
fsr-3160	548	7	/	/	SYM
fsr-3160	548	8	files	file	NOUN
fsr-3160	548	9	/	/	SYM
fsr-3160	548	10	resources	resource	NOUN
fsr-3160	548	11	/	/	SYM
fsr-3160	548	12	research	research	NOUN
fsr-3160	548	13	-	-	PUNCT
fsr-3160	548	14	report/2017/2017	report/2017/2017	NOUN
fsr-3160	548	15	-	-	PUNCT
fsr-3160	548	16	optimize	optimize	NOUN
fsr-3160	548	17	-	-	PUNCT
fsr-3160	548	18	retire	retire	NOUN
fsr-3160	548	19	-	-	PUNCT
fsr-3160	548	20	income	income	NOUN
fsr-3160	548	21	-	-	PUNCT
fsr-3160	548	22	plans	plan	NOUN
fsr-3160	548	23	-	-	PUNCT
fsr-3160	548	24	iras	ira	NOUN
fsr-3160	548	25	-	-	PUNCT
fsr-3160	548	26	equity.pdf	equity.pdf	NOUN
fsr-3160	548	27	ragsdale	ragsdale	NOUN
fsr-3160	548	28	,	,	PUNCT
fsr-3160	548	29	c.	c.	PROPN
fsr-3160	548	30	t.	t.	PROPN
fsr-3160	548	31	,	,	PUNCT
fsr-3160	548	32	seila	seila	NOUN
fsr-3160	548	33	,	,	PUNCT
fsr-3160	548	34	a.	a.	PROPN
fsr-3160	548	35	f.	f.	PROPN
fsr-3160	548	36	,	,	PUNCT
fsr-3160	548	37	&	&	CCONJ
fsr-3160	548	38	little	little	ADJ
fsr-3160	548	39	,	,	PUNCT
fsr-3160	548	40	p.	p.	NOUN
fsr-3160	548	41	l.	l.	PROPN
fsr-3160	548	42	(	(	PUNCT
fsr-3160	548	43	1994	1994	NUM
fsr-3160	548	44	)	)	PUNCT
fsr-3160	548	45	.	.	PUNCT
fsr-3160	549	1	an	an	DET
fsr-3160	549	2	optimization	optimization	NOUN
fsr-3160	549	3	model	model	NOUN
fsr-3160	549	4	for	for	ADP
fsr-3160	549	5	scheduling	scheduling	NOUN
fsr-3160	549	6	withdrawals	withdrawal	NOUN
fsr-3160	549	7	from	from	ADP
fsr-3160	549	8	tax	tax	NOUN
fsr-3160	549	9	deferred	defer	VERB
fsr-3160	549	10	retirement	retirement	NOUN
fsr-3160	549	11	accounts	account	NOUN
fsr-3160	549	12	.	.	PUNCT
fsr-3160	550	1	financial	financial	ADJ
fsr-3160	550	2	services	service	NOUN
fsr-3160	550	3	review	review	PROPN
fsr-3160	550	4	,	,	PUNCT
fsr-3160	550	5	3	3	NUM
fsr-3160	550	6	,	,	PUNCT
fsr-3160	550	7	93	93	NUM
fsr-3160	550	8	-	-	SYM
fsr-3160	550	9	108	108	NUM
fsr-3160	550	10	.	.	PUNCT
fsr-3160	551	1	samuelson	samuelson	PROPN
fsr-3160	551	2	,	,	PUNCT
fsr-3160	551	3	p.	p.	NOUN
fsr-3160	551	4	a.	a.	NOUN
fsr-3160	551	5	(	(	PUNCT
fsr-3160	551	6	1969	1969	NUM
fsr-3160	551	7	)	)	PUNCT
fsr-3160	551	8	.	.	PUNCT
fsr-3160	552	1	lifetime	lifetime	NOUN
fsr-3160	552	2	portfolio	portfolio	NOUN
fsr-3160	552	3	selection	selection	NOUN
fsr-3160	552	4	by	by	ADP
fsr-3160	552	5	dynamic	dynamic	ADJ
fsr-3160	552	6	stochastic	stochastic	ADJ
fsr-3160	552	7	programming	programming	NOUN
fsr-3160	552	8	.	.	PUNCT
fsr-3160	553	1	the	the	DET
fsr-3160	553	2	review	review	NOUN
fsr-3160	553	3	of	of	ADP
fsr-3160	553	4	economics	economic	NOUN
fsr-3160	553	5	and	and	CCONJ
fsr-3160	553	6	statistics	statistic	NOUN
fsr-3160	553	7	,	,	PUNCT
fsr-3160	553	8	51	51	NUM
fsr-3160	553	9	,	,	PUNCT
fsr-3160	553	10	239	239	NUM
fsr-3160	553	11	-	-	SYM
fsr-3160	553	12	246	246	NUM
fsr-3160	553	13	.	.	PUNCT
fsr-3160	554	1	vanguard	vanguard	NOUN
fsr-3160	554	2	.	.	PUNCT
fsr-3160	555	1	(	(	PUNCT
fsr-3160	555	2	2016	2016	NUM
fsr-3160	555	3	)	)	PUNCT
fsr-3160	555	4	.	.	PUNCT
fsr-3160	556	1	how	how	SCONJ
fsr-3160	556	2	to	to	PART
fsr-3160	556	3	turn	turn	VERB
fsr-3160	556	4	retirement	retirement	NOUN
fsr-3160	556	5	savings	saving	NOUN
fsr-3160	556	6	into	into	ADP
fsr-3160	556	7	retirement	retirement	NOUN
fsr-3160	556	8	income	income	NOUN
fsr-3160	556	9	.	.	PUNCT
fsr-3160	557	1	valley	valley	NOUN
fsr-3160	557	2	forge	forge	NOUN
fsr-3160	557	3	,	,	PUNCT
fsr-3160	557	4	pa	pa	PROPN
fsr-3160	557	5	:	:	PUNCT
fsr-3160	557	6	the	the	DET
fsr-3160	557	7	vanguard	vanguard	PROPN
fsr-3160	557	8	group	group	PROPN
fsr-3160	557	9	,	,	PUNCT
fsr-3160	557	10	inc	inc	PROPN
fsr-3160	557	11	.	.	PROPN
fsr-3160	557	12	available	available	ADJ
fsr-3160	557	13	at	at	ADP
fsr-3160	557	14	https://retirementplans.vanguard.com/segment/pdfs/retincshortbro.pdf	https://retirementplans.vanguard.com/segment/pdfs/retincshortbro.pdf	PROPN
fsr-3160	557	15	welch	welch	PROPN
fsr-3160	557	16	,	,	PUNCT
fsr-3160	557	17	j.	j.	PROPN
fsr-3160	557	18	s.	s.	PROPN
fsr-3160	557	19	(	(	PUNCT
fsr-3160	557	20	2016	2016	NUM
fsr-3160	557	21	)	)	PUNCT
fsr-3160	557	22	.	.	PUNCT
fsr-3160	558	1	measuring	measure	VERB
fsr-3160	558	2	the	the	DET
fsr-3160	558	3	financial	financial	ADJ
fsr-3160	558	4	consequences	consequence	NOUN
fsr-3160	558	5	of	of	ADP
fsr-3160	558	6	ira	ira	PROPN
fsr-3160	558	7	to	to	ADP
fsr-3160	558	8	roth	roth	PROPN
fsr-3160	558	9	ira	ira	PROPN
fsr-3160	558	10	conversions	conversion	NOUN
fsr-3160	558	11	.	.	PUNCT
fsr-3160	559	1	journal	journal	NOUN
fsr-3160	559	2	of	of	ADP
fsr-3160	559	3	personal	personal	ADJ
fsr-3160	559	4	finance	finance	NOUN
fsr-3160	559	5	,	,	PUNCT
fsr-3160	559	6	15	15	NUM
fsr-3160	559	7	,	,	PUNCT
fsr-3160	559	8	47	47	NUM
fsr-3160	559	9	-	-	SYM
fsr-3160	559	10	55	55	NUM
fsr-3160	559	11	.	.	PUNCT
fsr-3160	560	1	welch	welch	PROPN
fsr-3160	560	2	,	,	PUNCT
fsr-3160	560	3	j.	j.	PROPN
fsr-3160	560	4	s.	s.	PROPN
fsr-3160	560	5	(	(	PUNCT
fsr-3160	560	6	2017	2017	NUM
fsr-3160	560	7	)	)	PUNCT
fsr-3160	560	8	.	.	PUNCT
fsr-3160	561	1	a	a	DET
fsr-3160	561	2	3	3	NUM
fsr-3160	561	3	-	-	PUNCT
fsr-3160	561	4	step	step	NOUN
fsr-3160	561	5	procedure	procedure	NOUN
fsr-3160	561	6	for	for	ADP
fsr-3160	561	7	computing	compute	VERB
fsr-3160	561	8	sustainable	sustainable	ADJ
fsr-3160	561	9	retirement	retirement	NOUN
fsr-3160	561	10	savings	saving	NOUN
fsr-3160	561	11	withdrawals	withdrawal	NOUN
fsr-3160	561	12	.	.	PUNCT
fsr-3160	562	1	journal	journal	NOUN
fsr-3160	562	2	of	of	ADP
fsr-3160	562	3	financial	financial	ADJ
fsr-3160	562	4	planning	planning	NOUN
fsr-3160	562	5	,	,	PUNCT
fsr-3160	562	6	30	30	NUM
fsr-3160	562	7	,	,	PUNCT
fsr-3160	562	8	45	45	NUM
fsr-3160	562	9	-	-	SYM
fsr-3160	562	10	55	55	NUM
fsr-3160	562	11	.	.	PUNCT
fsr-3160	563	1	zaman	zaman	PROPN
fsr-3160	563	2	,	,	PUNCT
fsr-3160	563	3	a.	a.	NOUN
fsr-3160	563	4	a.	a.	NOUN
fsr-3160	563	5	(	(	PUNCT
fsr-3160	563	6	2008	2008	NUM
fsr-3160	563	7	)	)	PUNCT
fsr-3160	563	8	.	.	PUNCT
fsr-3160	564	1	reconsidering	reconsider	VERB
fsr-3160	564	2	ira	ira	PROPN
fsr-3160	564	3	and	and	CCONJ
fsr-3160	564	4	roth	roth	PROPN
fsr-3160	564	5	ira	ira	PROPN
fsr-3160	564	6	keeping	keep	VERB
fsr-3160	564	7	bequests	bequest	NOUN
fsr-3160	564	8	and	and	CCONJ
fsr-3160	564	9	other	other	ADJ
fsr-3160	564	10	options	option	NOUN
fsr-3160	564	11	in	in	ADP
fsr-3160	564	12	mind	mind	NOUN
fsr-3160	564	13	.	.	PUNCT
fsr-3160	565	1	journal	journal	NOUN
fsr-3160	565	2	of	of	ADP
fsr-3160	565	3	wealth	wealth	NOUN
fsr-3160	565	4	management	management	NOUN
fsr-3160	565	5	,	,	PUNCT
fsr-3160	565	6	11	11	NUM
fsr-3160	565	7	,	,	PUNCT
fsr-3160	565	8	82	82	NUM
fsr-3160	565	9	-	-	SYM
fsr-3160	565	10	92	92	NUM
fsr-3160	565	11	.	.	PUNCT
fsr-3160	566	1	zhou	zhou	PROPN
fsr-3160	566	2	,	,	PUNCT
fsr-3160	566	3	j.	j.	PROPN
fsr-3160	566	4	(	(	PUNCT
fsr-3160	566	5	2009	2009	NUM
fsr-3160	566	6	)	)	PUNCT
fsr-3160	566	7	.	.	PUNCT
fsr-3160	567	1	the	the	DET
fsr-3160	567	2	asset	asset	NOUN
fsr-3160	567	3	location	location	NOUN
fsr-3160	567	4	puzzle	puzzle	NOUN
fsr-3160	567	5	:	:	PUNCT
fsr-3160	567	6	taxes	taxis	NOUN
fsr-3160	567	7	matter	matter	NOUN
fsr-3160	567	8	.	.	PUNCT
fsr-3160	568	1	journal	journal	NOUN
fsr-3160	568	2	of	of	ADP
fsr-3160	568	3	economic	economic	ADJ
fsr-3160	568	4	dynamics	dynamic	NOUN
fsr-3160	568	5	and	and	CCONJ
fsr-3160	568	6	control	control	NOUN
fsr-3160	568	7	,	,	PUNCT
fsr-3160	568	8	33	33	NUM
fsr-3160	568	9	,	,	PUNCT
fsr-3160	568	10	955	955	NUM
fsr-3160	568	11	-	-	SYM
fsr-3160	568	12	969	969	NUM
fsr-3160	568	13	.	.	PUNCT
fsr-3160	569	1	zhou	zhou	PROPN
fsr-3160	569	2	,	,	PUNCT
fsr-3160	569	3	j.	j.	PROPN
fsr-3160	569	4	(	(	PUNCT
fsr-3160	569	5	2012	2012	NUM
fsr-3160	569	6	)	)	PUNCT
fsr-3160	569	7	.	.	PUNCT
fsr-3160	570	1	life	life	NOUN
fsr-3160	570	2	-	-	PUNCT
fsr-3160	570	3	cycle	cycle	NOUN
fsr-3160	570	4	stock	stock	NOUN
fsr-3160	570	5	market	market	NOUN
fsr-3160	570	6	participation	participation	NOUN
fsr-3160	570	7	in	in	ADP
fsr-3160	570	8	taxable	taxable	ADJ
fsr-3160	570	9	and	and	CCONJ
fsr-3160	570	10	tax	tax	NOUN
fsr-3160	570	11	-	-	PUNCT
fsr-3160	570	12	deferred	defer	VERB
fsr-3160	570	13	accounts	account	NOUN
fsr-3160	570	14	.	.	PUNCT
fsr-3160	571	1	journal	journal	NOUN
fsr-3160	571	2	of	of	ADP
fsr-3160	571	3	economic	economic	ADJ
fsr-3160	571	4	dynamics	dynamic	NOUN
fsr-3160	571	5	and	and	CCONJ
fsr-3160	571	6	control	control	NOUN
fsr-3160	571	7	,	,	PUNCT
fsr-3160	571	8	36	36	NUM
fsr-3160	571	9	,	,	PUNCT
fsr-3160	571	10	1814	1814	NUM
fsr-3160	571	11	-	-	SYM
fsr-3160	571	12	1829	1829	NUM
fsr-3160	571	13	.	.	PUNCT
fsr-3160	572	1	j.	j.	PROPN
fsr-3160	572	2	a.	a.	PROPN
fsr-3160	572	3	dilellio	dilellio	PROPN
fsr-3160	572	4	and	and	CCONJ
fsr-3160	572	5	a.	a.	PROPN
fsr-3160	572	6	simon	simon	PROPN
fsr-3160	572	7	/	/	SYM
fsr-3160	572	8	financial	financial	ADJ
fsr-3160	572	9	services	service	NOUN
fsr-3160	572	10	review	review	VERB
fsr-3160	572	11	30	30	NUM
fsr-3160	572	12	(	(	PUNCT
fsr-3160	572	13	2022	2022	NUM
fsr-3160	572	14	)	)	PUNCT
fsr-3160	572	15	223–249	223–249	NUM
fsr-3160	572	16	249	249	NUM