id	sid	tid	token	lemma	pos
fsr-3420	1	1	the	the	DET
fsr-3420	1	2	perfect	perfect	ADJ
fsr-3420	1	3	withdrawal	withdrawal	NOUN
fsr-3420	1	4	amount	amount	NOUN
fsr-3420	1	5	over	over	ADP
fsr-3420	1	6	the	the	DET
fsr-3420	1	7	historical	historical	ADJ
fsr-3420	1	8	record	record	NOUN
fsr-3420	1	9	e.	e.	PROPN
fsr-3420	1	10	dante	dante	PROPN
fsr-3420	1	11	suareza	suareza	PROPN
fsr-3420	1	12	,	,	PUNCT
fsr-3420	1	13	*	*	PUNCT
fsr-3420	1	14	adepartment	adepartment	NOUN
fsr-3420	1	15	of	of	ADP
fsr-3420	1	16	finance	finance	NOUN
fsr-3420	1	17	and	and	CCONJ
fsr-3420	1	18	decision	decision	NOUN
fsr-3420	1	19	sciences	science	NOUN
fsr-3420	1	20	,	,	PUNCT
fsr-3420	1	21	trinity	trinity	NOUN
fsr-3420	1	22	university	university	PROPN
fsr-3420	1	23	school	school	NOUN
fsr-3420	1	24	of	of	ADP
fsr-3420	1	25	business	business	NOUN
fsr-3420	1	26	,	,	PUNCT
fsr-3420	1	27	one	one	NUM
fsr-3420	1	28	trinity	trinity	NOUN
fsr-3420	1	29	place	place	NOUN
fsr-3420	1	30	,	,	PUNCT
fsr-3420	1	31	san	san	PROPN
fsr-3420	1	32	antonio	antonio	PROPN
fsr-3420	1	33	,	,	PUNCT
fsr-3420	1	34	tx	tx	PROPN
fsr-3420	1	35	78212	78212	NUM
fsr-3420	1	36	,	,	PUNCT
fsr-3420	1	37	usa	usa	PROPN
fsr-3420	1	38	abstract	abstract	PROPN
fsr-3420	1	39	what	what	PRON
fsr-3420	1	40	has	have	AUX
fsr-3420	1	41	been	be	AUX
fsr-3420	1	42	the	the	DET
fsr-3420	1	43	perfect	perfect	ADJ
fsr-3420	1	44	withdrawal	withdrawal	NOUN
fsr-3420	1	45	amount	amount	NOUN
fsr-3420	1	46	(	(	PUNCT
fsr-3420	1	47	pwa	pwa	PROPN
fsr-3420	1	48	)	)	PUNCT
fsr-3420	1	49	from	from	ADP
fsr-3420	1	50	retirement	retirement	NOUN
fsr-3420	1	51	savings	saving	NOUN
fsr-3420	1	52	accounts	account	NOUN
fsr-3420	1	53	in	in	ADP
fsr-3420	1	54	longterm	longterm	ADJ
fsr-3420	1	55	historical	historical	ADJ
fsr-3420	1	56	data	datum	NOUN
fsr-3420	1	57	?	?	PUNCT
fsr-3420	2	1	the	the	DET
fsr-3420	2	2	pwa	pwa	PROPN
fsr-3420	2	3	is	be	AUX
fsr-3420	2	4	that	that	PRON
fsr-3420	2	5	which	which	PRON
fsr-3420	2	6	,	,	PUNCT
fsr-3420	2	7	if	if	SCONJ
fsr-3420	2	8	taken	take	VERB
fsr-3420	2	9	out	out	ADP
fsr-3420	2	10	in	in	ADP
fsr-3420	2	11	the	the	DET
fsr-3420	2	12	first	first	ADJ
fsr-3420	2	13	year	year	NOUN
fsr-3420	2	14	of	of	ADP
fsr-3420	2	15	retirement	retirement	NOUN
fsr-3420	2	16	and	and	CCONJ
fsr-3420	2	17	used	use	VERB
fsr-3420	2	18	again	again	ADV
fsr-3420	2	19	every	every	DET
fsr-3420	2	20	year	year	NOUN
fsr-3420	2	21	adjusted	adjust	VERB
fsr-3420	2	22	by	by	ADP
fsr-3420	2	23	inflation	inflation	NOUN
fsr-3420	2	24	,	,	PUNCT
fsr-3420	2	25	leaves	leave	VERB
fsr-3420	2	26	exactly	exactly	ADV
fsr-3420	2	27	the	the	DET
fsr-3420	2	28	desired	desire	VERB
fsr-3420	2	29	final	final	ADJ
fsr-3420	2	30	balance	balance	NOUN
fsr-3420	2	31	on	on	ADP
fsr-3420	2	32	the	the	DET
fsr-3420	2	33	account	account	NOUN
fsr-3420	2	34	.	.	PUNCT
fsr-3420	3	1	we	we	PRON
fsr-3420	3	2	present	present	VERB
fsr-3420	3	3	the	the	DET
fsr-3420	3	4	formula	formula	NOUN
fsr-3420	3	5	for	for	ADP
fsr-3420	3	6	obtaining	obtain	VERB
fsr-3420	3	7	this	this	DET
fsr-3420	3	8	measure	measure	NOUN
fsr-3420	3	9	and	and	CCONJ
fsr-3420	3	10	evaluate	evaluate	VERB
fsr-3420	3	11	the	the	DET
fsr-3420	3	12	values	value	NOUN
fsr-3420	3	13	it	it	PRON
fsr-3420	3	14	has	have	AUX
fsr-3420	3	15	taken	take	VERB
fsr-3420	3	16	in	in	ADP
fsr-3420	3	17	the	the	DET
fsr-3420	3	18	past	past	NOUN
fsr-3420	3	19	under	under	ADP
fsr-3420	3	20	varying	vary	VERB
fsr-3420	3	21	combinations	combination	NOUN
fsr-3420	3	22	of	of	ADP
fsr-3420	3	23	the	the	DET
fsr-3420	3	24	relevant	relevant	ADJ
fsr-3420	3	25	parameters	parameter	NOUN
fsr-3420	3	26	.	.	PUNCT
fsr-3420	4	1	we	we	PRON
fsr-3420	4	2	find	find	VERB
fsr-3420	4	3	that	that	SCONJ
fsr-3420	4	4	safety	safety	NOUN
fsr-3420	4	5	-	-	PUNCT
fsr-3420	4	6	minded	minded	ADJ
fsr-3420	4	7	investors	investor	NOUN
fsr-3420	4	8	should	should	AUX
fsr-3420	4	9	enter	enter	VERB
fsr-3420	4	10	retirement	retirement	NOUN
fsr-3420	4	11	with	with	ADP
fsr-3420	4	12	a	a	DET
fsr-3420	4	13	higher	high	ADJ
fsr-3420	4	14	stock	stock	NOUN
fsr-3420	4	15	allocation	allocation	NOUN
fsr-3420	4	16	than	than	ADP
fsr-3420	4	17	what	what	PRON
fsr-3420	4	18	is	be	AUX
fsr-3420	4	19	currently	currently	ADV
fsr-3420	4	20	used	use	VERB
fsr-3420	4	21	in	in	ADP
fsr-3420	4	22	most	most	ADJ
fsr-3420	4	23	investment	investment	NOUN
fsr-3420	4	24	funds	fund	NOUN
fsr-3420	4	25	designed	design	VERB
fsr-3420	4	26	to	to	PART
fsr-3420	4	27	provide	provide	VERB
fsr-3420	4	28	income	income	NOUN
fsr-3420	4	29	during	during	ADP
fsr-3420	4	30	retirement	retirement	NOUN
fsr-3420	4	31	.	.	PUNCT
fsr-3420	5	1	©	©	PROPN
fsr-3420	5	2	2020	2020	NUM
fsr-3420	5	3	academy	academy	NOUN
fsr-3420	5	4	of	of	ADP
fsr-3420	5	5	financial	financial	ADJ
fsr-3420	5	6	services	service	NOUN
fsr-3420	5	7	.	.	PUNCT
fsr-3420	6	1	all	all	DET
fsr-3420	6	2	rights	right	NOUN
fsr-3420	6	3	reserved	reserve	VERB
fsr-3420	6	4	.	.	PUNCT
fsr-3420	7	1	jel	jel	PROPN
fsr-3420	7	2	classification	classification	NOUN
fsr-3420	7	3	:	:	PUNCT
fsr-3420	7	4	j26	j26	NOUN
fsr-3420	7	5	;	;	PUNCT
fsr-3420	7	6	d14	d14	NOUN
fsr-3420	7	7	;	;	PUNCT
fsr-3420	7	8	g11	g11	NOUN
fsr-3420	7	9	keywords	keyword	NOUN
fsr-3420	7	10	:	:	PUNCT
fsr-3420	7	11	retirement	retirement	NOUN
fsr-3420	7	12	income	income	NOUN
fsr-3420	7	13	;	;	PUNCT
fsr-3420	7	14	perfect	perfect	ADJ
fsr-3420	7	15	withdrawal	withdrawal	NOUN
fsr-3420	7	16	amount	amount	NOUN
fsr-3420	7	17	;	;	PUNCT
fsr-3420	7	18	sequencing	sequence	VERB
fsr-3420	7	19	risk	risk	NOUN
fsr-3420	7	20	;	;	PUNCT
fsr-3420	7	21	sustainable	sustainable	ADJ
fsr-3420	7	22	withdrawal	withdrawal	NOUN
fsr-3420	7	23	rate	rate	NOUN
fsr-3420	7	24	;	;	PUNCT
fsr-3420	7	25	distribution	distribution	NOUN
fsr-3420	7	26	strategies	strategy	NOUN
fsr-3420	7	27	1	1	NUM
fsr-3420	7	28	.	.	X
fsr-3420	7	29	introduction	introduction	NOUN
fsr-3420	7	30	a	a	DET
fsr-3420	7	31	considerable	considerable	ADJ
fsr-3420	7	32	body	body	NOUN
fsr-3420	7	33	of	of	ADP
fsr-3420	7	34	research	research	NOUN
fsr-3420	7	35	has	have	AUX
fsr-3420	7	36	explored	explore	VERB
fsr-3420	7	37	the	the	DET
fsr-3420	7	38	question	question	NOUN
fsr-3420	7	39	of	of	ADP
fsr-3420	7	40	what	what	PRON
fsr-3420	7	41	is	be	AUX
fsr-3420	7	42	the	the	DET
fsr-3420	7	43	safe	safe	ADJ
fsr-3420	7	44	level	level	NOUN
fsr-3420	7	45	of	of	ADP
fsr-3420	7	46	withdrawals	withdrawal	NOUN
fsr-3420	7	47	from	from	ADP
fsr-3420	7	48	a	a	DET
fsr-3420	7	49	savings	saving	NOUN
fsr-3420	7	50	account	account	NOUN
fsr-3420	7	51	that	that	PRON
fsr-3420	7	52	must	must	AUX
fsr-3420	7	53	provide	provide	VERB
fsr-3420	7	54	income	income	NOUN
fsr-3420	7	55	during	during	ADP
fsr-3420	7	56	retirement	retirement	NOUN
fsr-3420	7	57	.	.	PUNCT
fsr-3420	8	1	a	a	DET
fsr-3420	8	2	frequent	frequent	ADJ
fsr-3420	8	3	objective	objective	NOUN
fsr-3420	8	4	of	of	ADP
fsr-3420	8	5	these	these	DET
fsr-3420	8	6	studies	study	NOUN
fsr-3420	8	7	is	be	AUX
fsr-3420	8	8	to	to	PART
fsr-3420	8	9	examine	examine	VERB
fsr-3420	8	10	the	the	DET
fsr-3420	8	11	historical	historical	ADJ
fsr-3420	8	12	record	record	NOUN
fsr-3420	8	13	to	to	PART
fsr-3420	8	14	determine	determine	VERB
fsr-3420	8	15	the	the	DET
fsr-3420	8	16	withdrawal	withdrawal	NOUN
fsr-3420	8	17	figure	figure	NOUN
fsr-3420	8	18	that	that	PRON
fsr-3420	8	19	has	have	AUX
fsr-3420	8	20	“	"	PUNCT
fsr-3420	8	21	rarely	rarely	ADV
fsr-3420	8	22	”	"	PUNCT
fsr-3420	8	23	depleted	deplete	VERB
fsr-3420	8	24	the	the	DET
fsr-3420	8	25	funds	fund	NOUN
fsr-3420	8	26	before	before	ADP
fsr-3420	8	27	the	the	DET
fsr-3420	8	28	end	end	NOUN
fsr-3420	8	29	of	of	ADP
fsr-3420	8	30	the	the	DET
fsr-3420	8	31	retirement	retirement	NOUN
fsr-3420	8	32	period	period	NOUN
fsr-3420	8	33	.	.	PUNCT
fsr-3420	9	1	however	however	ADV
fsr-3420	9	2	,	,	PUNCT
fsr-3420	9	3	if	if	SCONJ
fsr-3420	9	4	the	the	DET
fsr-3420	9	5	withdrawal	withdrawal	NOUN
fsr-3420	9	6	amount	amount	NOUN
fsr-3420	9	7	chosen	choose	VERB
fsr-3420	9	8	does	do	AUX
fsr-3420	9	9	not	not	PART
fsr-3420	9	10	exhaust	exhaust	VERB
fsr-3420	9	11	the	the	DET
fsr-3420	9	12	funds	fund	NOUN
fsr-3420	9	13	in	in	ADP
fsr-3420	9	14	the	the	DET
fsr-3420	9	15	account	account	NOUN
fsr-3420	9	16	,	,	PUNCT
fsr-3420	9	17	it	it	PRON
fsr-3420	9	18	means	mean	VERB
fsr-3420	9	19	that	that	SCONJ
fsr-3420	9	20	it	it	PRON
fsr-3420	9	21	left	leave	VERB
fsr-3420	9	22	a	a	DET
fsr-3420	9	23	positive	positive	ADJ
fsr-3420	9	24	balance	balance	NOUN
fsr-3420	9	25	at	at	ADP
fsr-3420	9	26	the	the	DET
fsr-3420	9	27	end	end	NOUN
fsr-3420	9	28	.	.	PUNCT
fsr-3420	10	1	if	if	SCONJ
fsr-3420	10	2	the	the	DET
fsr-3420	10	3	retiree	retiree	NOUN
fsr-3420	10	4	had	have	AUX
fsr-3420	10	5	not	not	PART
fsr-3420	10	6	planned	plan	VERB
fsr-3420	10	7	to	to	PART
fsr-3420	10	8	leave	leave	VERB
fsr-3420	10	9	a	a	DET
fsr-3420	10	10	bequest	bequest	NOUN
fsr-3420	10	11	or	or	CCONJ
fsr-3420	10	12	posthumous	posthumous	ADJ
fsr-3420	10	13	gift	gift	NOUN
fsr-3420	10	14	—	—	PUNCT
fsr-3420	10	15	or	or	CCONJ
fsr-3420	10	16	if	if	SCONJ
fsr-3420	10	17	the	the	DET
fsr-3420	10	18	final	final	ADJ
fsr-3420	10	19	balance	balance	NOUN
fsr-3420	10	20	is	be	AUX
fsr-3420	10	21	larger	large	ADJ
fsr-3420	10	22	than	than	ADP
fsr-3420	10	23	what	what	PRON
fsr-3420	10	24	she	she	PRON
fsr-3420	10	25	intended	intend	VERB
fsr-3420	10	26	to	to	PART
fsr-3420	10	27	leave	leave	VERB
fsr-3420	10	28	behind	behind	ADP
fsr-3420	10	29	—	—	PUNCT
fsr-3420	10	30	this	this	PRON
fsr-3420	10	31	is	be	AUX
fsr-3420	10	32	money	money	NOUN
fsr-3420	10	33	*	*	PUNCT
fsr-3420	10	34	corresponding	correspond	VERB
fsr-3420	10	35	author	author	NOUN
fsr-3420	10	36	.	.	PUNCT
fsr-3420	11	1	tel	tel	PROPN
fsr-3420	11	2	.	.	PUNCT
fsr-3420	11	3	:	:	PUNCT
fsr-3420	12	1	+1	+1	ADJ
fsr-3420	12	2	-	-	PUNCT
fsr-3420	12	3	210	210	NUM
fsr-3420	12	4	-	-	PUNCT
fsr-3420	12	5	999	999	NUM
fsr-3420	12	6	-	-	SYM
fsr-3420	12	7	7860	7860	NUM
fsr-3420	12	8	;	;	PUNCT
fsr-3420	12	9	fax	fax	NOUN
fsr-3420	12	10	:	:	PUNCT
fsr-3420	12	11	+1	+1	ADJ
fsr-3420	12	12	-	-	PUNCT
fsr-3420	12	13	210	210	NUM
fsr-3420	12	14	-	-	PUNCT
fsr-3420	12	15	999	999	NUM
fsr-3420	12	16	-	-	PUNCT
fsr-3420	12	17	8134	8134	NUM
fsr-3420	12	18	.	.	PUNCT
fsr-3420	13	1	e	e	X
fsr-3420	13	2	-	-	NOUN
fsr-3420	13	3	mail	mail	NOUN
fsr-3420	13	4	address	address	NOUN
fsr-3420	13	5	:	:	PUNCT
fsr-3420	13	6	esuarez@trinity.edu	esuarez@trinity.edu	PROPN
fsr-3420	13	7	1057	1057	NUM
fsr-3420	13	8	-	-	SYM
fsr-3420	13	9	0810/20/$	0810/20/$	NUM
fsr-3420	13	10	–	–	PUNCT
fsr-3420	13	11	see	see	VERB
fsr-3420	13	12	front	front	ADJ
fsr-3420	13	13	matter	matter	NOUN
fsr-3420	13	14	©	©	PROPN
fsr-3420	13	15	2020	2020	NUM
fsr-3420	13	16	academy	academy	NOUN
fsr-3420	13	17	of	of	ADP
fsr-3420	13	18	financial	financial	ADJ
fsr-3420	13	19	services	service	NOUN
fsr-3420	13	20	.	.	PUNCT
fsr-3420	14	1	all	all	DET
fsr-3420	14	2	rights	right	NOUN
fsr-3420	14	3	reserved	reserve	VERB
fsr-3420	14	4	.	.	PUNCT
fsr-3420	15	1	financial	financial	ADJ
fsr-3420	15	2	services	service	NOUN
fsr-3420	15	3	review	review	VERB
fsr-3420	15	4	28	28	NUM
fsr-3420	15	5	(	(	PUNCT
fsr-3420	15	6	2020	2020	NUM
fsr-3420	15	7	)	)	PUNCT
fsr-3420	16	1	96–132	96–132	NUM
fsr-3420	16	2	that	that	SCONJ
fsr-3420	16	3	she	she	PRON
fsr-3420	16	4	would	would	AUX
fsr-3420	16	5	rather	rather	ADV
fsr-3420	16	6	have	have	AUX
fsr-3420	16	7	consumed	consume	VERB
fsr-3420	16	8	herself	herself	PRON
fsr-3420	16	9	.	.	PUNCT
fsr-3420	17	1	in	in	ADP
fsr-3420	17	2	these	these	DET
fsr-3420	17	3	cases	case	NOUN
fsr-3420	17	4	,	,	PUNCT
fsr-3420	17	5	it	it	PRON
fsr-3420	17	6	can	can	AUX
fsr-3420	17	7	be	be	AUX
fsr-3420	17	8	said	say	VERB
fsr-3420	17	9	that	that	SCONJ
fsr-3420	17	10	the	the	DET
fsr-3420	17	11	amount	amount	NOUN
fsr-3420	17	12	withdrawn	withdraw	VERB
fsr-3420	17	13	was	be	AUX
fsr-3420	17	14	not	not	PART
fsr-3420	17	15	perfect	perfect	ADJ
fsr-3420	17	16	;	;	PUNCT
fsr-3420	17	17	it	it	PRON
fsr-3420	17	18	should	should	AUX
fsr-3420	17	19	have	have	AUX
fsr-3420	17	20	been	be	AUX
fsr-3420	17	21	higher	high	ADJ
fsr-3420	17	22	.	.	PUNCT
fsr-3420	18	1	here	here	ADV
fsr-3420	18	2	we	we	PRON
fsr-3420	18	3	use	use	VERB
fsr-3420	18	4	results	result	NOUN
fsr-3420	18	5	presented	present	VERB
fsr-3420	18	6	in	in	ADP
fsr-3420	18	7	suarez	suarez	PROPN
fsr-3420	18	8	,	,	PUNCT
fsr-3420	18	9	suarez	suarez	PROPN
fsr-3420	18	10	,	,	PUNCT
fsr-3420	18	11	and	and	CCONJ
fsr-3420	18	12	walz	walz	PROPN
fsr-3420	18	13	(	(	PUNCT
fsr-3420	18	14	ssw	ssw	PROPN
fsr-3420	18	15	;	;	PUNCT
fsr-3420	18	16	2015	2015	NUM
fsr-3420	18	17	)	)	PUNCT
fsr-3420	18	18	that	that	PRON
fsr-3420	18	19	show	show	VERB
fsr-3420	18	20	that	that	SCONJ
fsr-3420	18	21	for	for	ADP
fsr-3420	18	22	any	any	DET
fsr-3420	18	23	given	give	VERB
fsr-3420	18	24	series	series	NOUN
fsr-3420	18	25	of	of	ADP
fsr-3420	18	26	return	return	NOUN
fsr-3420	18	27	rates	rate	NOUN
fsr-3420	18	28	on	on	ADP
fsr-3420	18	29	a	a	DET
fsr-3420	18	30	portfolio	portfolio	NOUN
fsr-3420	18	31	,	,	PUNCT
fsr-3420	18	32	there	there	PRON
fsr-3420	18	33	is	be	VERB
fsr-3420	18	34	one	one	NUM
fsr-3420	18	35	and	and	CCONJ
fsr-3420	18	36	only	only	ADV
fsr-3420	18	37	one	one	NUM
fsr-3420	18	38	constant	constant	ADJ
fsr-3420	18	39	withdrawal	withdrawal	NOUN
fsr-3420	18	40	amount	amount	NOUN
fsr-3420	18	41	that	that	PRON
fsr-3420	18	42	will	will	AUX
fsr-3420	18	43	take	take	VERB
fsr-3420	18	44	the	the	DET
fsr-3420	18	45	starting	start	VERB
fsr-3420	18	46	balance	balance	NOUN
fsr-3420	18	47	to	to	ADP
fsr-3420	18	48	the	the	DET
fsr-3420	18	49	desired	desire	VERB
fsr-3420	18	50	ending	ending	NOUN
fsr-3420	18	51	balance	balance	NOUN
fsr-3420	18	52	in	in	ADP
fsr-3420	18	53	a	a	DET
fsr-3420	18	54	given	give	VERB
fsr-3420	18	55	span	span	NOUN
fsr-3420	18	56	of	of	ADP
fsr-3420	18	57	time	time	NOUN
fsr-3420	18	58	.	.	PUNCT
fsr-3420	19	1	if	if	SCONJ
fsr-3420	19	2	this	this	DET
fsr-3420	19	3	time	time	NOUN
fsr-3420	19	4	span	span	NOUN
fsr-3420	19	5	is	be	AUX
fsr-3420	19	6	the	the	DET
fsr-3420	19	7	number	number	NOUN
fsr-3420	19	8	of	of	ADP
fsr-3420	19	9	years	year	NOUN
fsr-3420	19	10	for	for	ADP
fsr-3420	19	11	which	which	PRON
fsr-3420	19	12	the	the	DET
fsr-3420	19	13	retiree	retiree	NOUN
fsr-3420	19	14	wishes	wish	VERB
fsr-3420	19	15	to	to	PART
fsr-3420	19	16	plan	plan	VERB
fsr-3420	19	17	,	,	PUNCT
fsr-3420	19	18	then	then	ADV
fsr-3420	19	19	this	this	PRON
fsr-3420	19	20	is	be	AUX
fsr-3420	19	21	the	the	DET
fsr-3420	19	22	perfect	perfect	ADJ
fsr-3420	19	23	withdrawal	withdrawal	NOUN
fsr-3420	19	24	amount	amount	NOUN
fsr-3420	19	25	(	(	PUNCT
fsr-3420	19	26	pwa	pwa	PROPN
fsr-3420	19	27	)	)	PUNCT
fsr-3420	19	28	for	for	ADP
fsr-3420	19	29	her	she	PRON
fsr-3420	19	30	:	:	PUNCT
fsr-3420	19	31	it	it	PRON
fsr-3420	19	32	’s	’	VERB
fsr-3420	19	33	constant	constant	ADJ
fsr-3420	19	34	(	(	PUNCT
fsr-3420	19	35	no	no	DET
fsr-3420	19	36	ups	up	NOUN
fsr-3420	19	37	-	-	PUNCT
fsr-3420	19	38	and	and	CCONJ
fsr-3420	19	39	-	-	PUNCT
fsr-3420	19	40	downs	down	NOUN
fsr-3420	19	41	in	in	ADP
fsr-3420	19	42	the	the	DET
fsr-3420	19	43	income	income	NOUN
fsr-3420	19	44	stream	stream	NOUN
fsr-3420	19	45	)	)	PUNCT
fsr-3420	19	46	and	and	CCONJ
fsr-3420	19	47	it	it	PRON
fsr-3420	19	48	attains	attain	VERB
fsr-3420	19	49	the	the	DET
fsr-3420	19	50	final	final	ADJ
fsr-3420	19	51	goal	goal	NOUN
fsr-3420	19	52	exactly	exactly	ADV
fsr-3420	19	53	and	and	CCONJ
fsr-3420	19	54	just	just	ADV
fsr-3420	19	55	in	in	ADP
fsr-3420	19	56	time	time	NOUN
fsr-3420	19	57	(	(	PUNCT
fsr-3420	19	58	no	no	DET
fsr-3420	19	59	portfolio	portfolio	NOUN
fsr-3420	19	60	“	"	PUNCT
fsr-3420	19	61	failure	failure	NOUN
fsr-3420	19	62	,	,	PUNCT
fsr-3420	19	63	”	"	PUNCT
fsr-3420	19	64	or	or	CCONJ
fsr-3420	19	65	inheritance	inheritance	NOUN
fsr-3420	19	66	shortfall	shortfall	NOUN
fsr-3420	19	67	,	,	PUNCT
fsr-3420	19	68	or	or	CCONJ
fsr-3420	19	69	overaccumulation	overaccumulation	NOUN
fsr-3420	19	70	at	at	ADP
fsr-3420	19	71	the	the	DET
fsr-3420	19	72	end	end	NOUN
fsr-3420	19	73	)	)	PUNCT
fsr-3420	19	74	.	.	PUNCT
fsr-3420	20	1	if	if	SCONJ
fsr-3420	20	2	she	she	PRON
fsr-3420	20	3	withdraws	withdraw	VERB
fsr-3420	20	4	more	more	ADJ
fsr-3420	20	5	than	than	ADP
fsr-3420	20	6	her	her	PRON
fsr-3420	20	7	pwa	pwa	PROPN
fsr-3420	20	8	,	,	PUNCT
fsr-3420	20	9	she	she	PRON
fsr-3420	20	10	will	will	AUX
fsr-3420	20	11	run	run	VERB
fsr-3420	20	12	out	out	ADP
fsr-3420	20	13	of	of	ADP
fsr-3420	20	14	funds	fund	NOUN
fsr-3420	20	15	—	—	PUNCT
fsr-3420	20	16	or	or	CCONJ
fsr-3420	20	17	at	at	ADP
fsr-3420	20	18	least	least	ADJ
fsr-3420	20	19	leave	leave	VERB
fsr-3420	20	20	behind	behind	ADP
fsr-3420	20	21	less	less	ADJ
fsr-3420	20	22	money	money	NOUN
fsr-3420	20	23	than	than	SCONJ
fsr-3420	20	24	she	she	PRON
fsr-3420	20	25	intended	intend	VERB
fsr-3420	20	26	.	.	PUNCT
fsr-3420	21	1	if	if	SCONJ
fsr-3420	21	2	she	she	PRON
fsr-3420	21	3	withdraws	withdraw	VERB
fsr-3420	21	4	less	less	ADJ
fsr-3420	21	5	,	,	PUNCT
fsr-3420	21	6	she	she	PRON
fsr-3420	21	7	will	will	AUX
fsr-3420	21	8	leave	leave	VERB
fsr-3420	21	9	money	money	NOUN
fsr-3420	21	10	on	on	ADP
fsr-3420	21	11	the	the	DET
fsr-3420	21	12	table	table	NOUN
fsr-3420	21	13	.	.	PUNCT
fsr-3420	22	1	it	it	PRON
fsr-3420	22	2	is	be	AUX
fsr-3420	22	3	important	important	ADJ
fsr-3420	22	4	to	to	PART
fsr-3420	22	5	stress	stress	VERB
fsr-3420	22	6	that	that	SCONJ
fsr-3420	22	7	the	the	DET
fsr-3420	22	8	pwa	pwa	PROPN
fsr-3420	22	9	is	be	AUX
fsr-3420	22	10	a	a	DET
fsr-3420	22	11	measure	measure	NOUN
fsr-3420	22	12	inherent	inherent	ADJ
fsr-3420	22	13	in	in	ADP
fsr-3420	22	14	any	any	DET
fsr-3420	22	15	sequence	sequence	NOUN
fsr-3420	22	16	of	of	ADP
fsr-3420	22	17	return	return	NOUN
fsr-3420	22	18	rates	rate	NOUN
fsr-3420	22	19	.	.	PUNCT
fsr-3420	23	1	a	a	DET
fsr-3420	23	2	sequence	sequence	NOUN
fsr-3420	23	3	of	of	ADP
fsr-3420	23	4	returns	return	NOUN
fsr-3420	23	5	has	have	VERB
fsr-3420	23	6	a	a	DET
fsr-3420	23	7	pwa	pwa	PROPN
fsr-3420	23	8	just	just	ADV
fsr-3420	23	9	as	as	SCONJ
fsr-3420	23	10	it	it	PRON
fsr-3420	23	11	has	have	VERB
fsr-3420	23	12	a	a	DET
fsr-3420	23	13	mean	mean	NOUN
fsr-3420	23	14	,	,	PUNCT
fsr-3420	23	15	a	a	DET
fsr-3420	23	16	standard	standard	ADJ
fsr-3420	23	17	deviation	deviation	NOUN
fsr-3420	23	18	,	,	PUNCT
fsr-3420	23	19	or	or	CCONJ
fsr-3420	23	20	any	any	DET
fsr-3420	23	21	other	other	ADJ
fsr-3420	23	22	conventional	conventional	ADJ
fsr-3420	23	23	statistical	statistical	ADJ
fsr-3420	23	24	measure	measure	NOUN
fsr-3420	23	25	,	,	PUNCT
fsr-3420	23	26	and	and	CCONJ
fsr-3420	23	27	by	by	ADP
fsr-3420	23	28	calculating	calculate	VERB
fsr-3420	23	29	these	these	DET
fsr-3420	23	30	values	value	NOUN
fsr-3420	23	31	we	we	PRON
fsr-3420	23	32	are	be	AUX
fsr-3420	23	33	not	not	PART
fsr-3420	23	34	endorsing	endorse	VERB
fsr-3420	23	35	any	any	DET
fsr-3420	23	36	particular	particular	ADJ
fsr-3420	23	37	viewpoint	viewpoint	NOUN
fsr-3420	23	38	on	on	ADP
fsr-3420	23	39	retirement	retirement	NOUN
fsr-3420	23	40	withdrawals	withdrawal	NOUN
fsr-3420	23	41	.	.	PUNCT
fsr-3420	24	1	rather	rather	ADV
fsr-3420	24	2	,	,	PUNCT
fsr-3420	24	3	we	we	PRON
fsr-3420	24	4	intend	intend	VERB
fsr-3420	24	5	for	for	SCONJ
fsr-3420	24	6	this	this	DET
fsr-3420	24	7	paper	paper	NOUN
fsr-3420	24	8	to	to	PART
fsr-3420	24	9	be	be	AUX
fsr-3420	24	10	of	of	ADP
fsr-3420	24	11	the	the	DET
fsr-3420	24	12	same	same	ADJ
fsr-3420	24	13	nature	nature	NOUN
fsr-3420	24	14	as	as	ADP
fsr-3420	24	15	ibbotson	ibbotson	PROPN
fsr-3420	24	16	and	and	CCONJ
fsr-3420	24	17	sinquefield	sinquefield	PROPN
fsr-3420	24	18	’s	’s	PART
fsr-3420	24	19	seminal	seminal	ADJ
fsr-3420	24	20	1976	1976	NUM
fsr-3420	24	21	article	article	NOUN
fsr-3420	24	22	(	(	PUNCT
fsr-3420	24	23	ibbotson	ibbotson	PROPN
fsr-3420	24	24	,	,	PUNCT
fsr-3420	24	25	r.	r.	PROPN
fsr-3420	24	26	g.	g.	PROPN
fsr-3420	24	27	,	,	PUNCT
fsr-3420	24	28	&	&	CCONJ
fsr-3420	24	29	sinquefield	sinquefield	PROPN
fsr-3420	24	30	,	,	PUNCT
fsr-3420	24	31	r.	r.	PROPN
fsr-3420	24	32	a.	a.	PROPN
fsr-3420	24	33	,	,	PUNCT
fsr-3420	24	34	1976	1976	NUM
fsr-3420	24	35	)	)	PUNCT
fsr-3420	24	36	,	,	PUNCT
fsr-3420	24	37	where	where	SCONJ
fsr-3420	24	38	long	long	ADV
fsr-3420	24	39	-	-	PUNCT
fsr-3420	24	40	run	run	VERB
fsr-3420	24	41	historical	historical	ADJ
fsr-3420	24	42	rates	rate	NOUN
fsr-3420	24	43	of	of	ADP
fsr-3420	24	44	return	return	NOUN
fsr-3420	24	45	were	be	AUX
fsr-3420	24	46	first	first	ADV
fsr-3420	24	47	presented	present	VERB
fsr-3420	24	48	.	.	PUNCT
fsr-3420	25	1	we	we	PRON
fsr-3420	25	2	argue	argue	VERB
fsr-3420	25	3	that	that	SCONJ
fsr-3420	25	4	the	the	DET
fsr-3420	25	5	retirement	retirement	NOUN
fsr-3420	25	6	withdrawal	withdrawal	NOUN
fsr-3420	25	7	question	question	NOUN
fsr-3420	25	8	can	can	AUX
fsr-3420	25	9	be	be	AUX
fsr-3420	25	10	understood	understand	VERB
fsr-3420	25	11	as	as	ADP
fsr-3420	25	12	the	the	DET
fsr-3420	25	13	search	search	NOUN
fsr-3420	25	14	for	for	ADP
fsr-3420	25	15	what	what	PRON
fsr-3420	25	16	the	the	DET
fsr-3420	25	17	pwa	pwa	PROPN
fsr-3420	25	18	will	will	AUX
fsr-3420	25	19	turn	turn	VERB
fsr-3420	25	20	out	out	ADP
fsr-3420	25	21	to	to	PART
fsr-3420	25	22	be	be	AUX
fsr-3420	25	23	(	(	PUNCT
fsr-3420	25	24	eventually	eventually	ADV
fsr-3420	25	25	)	)	PUNCT
fsr-3420	25	26	for	for	ADP
fsr-3420	25	27	each	each	DET
fsr-3420	25	28	retiree	retiree	NOUN
fsr-3420	25	29	’s	’s	PART
fsr-3420	25	30	portfolio	portfolio	NOUN
fsr-3420	25	31	and	and	CCONJ
fsr-3420	25	32	objectives	objective	NOUN
fsr-3420	25	33	.	.	PUNCT
fsr-3420	26	1	and	and	CCONJ
fsr-3420	26	2	a	a	DET
fsr-3420	26	3	first	first	ADJ
fsr-3420	26	4	step	step	NOUN
fsr-3420	26	5	in	in	ADP
fsr-3420	26	6	this	this	DET
fsr-3420	26	7	direction	direction	NOUN
fsr-3420	26	8	should	should	AUX
fsr-3420	26	9	be	be	AUX
fsr-3420	26	10	a	a	DET
fsr-3420	26	11	revision	revision	NOUN
fsr-3420	26	12	of	of	ADP
fsr-3420	26	13	the	the	DET
fsr-3420	26	14	values	value	NOUN
fsr-3420	26	15	that	that	SCONJ
fsr-3420	26	16	this	this	DET
fsr-3420	26	17	measure	measure	NOUN
fsr-3420	26	18	has	have	AUX
fsr-3420	26	19	taken	take	VERB
fsr-3420	26	20	,	,	PUNCT
fsr-3420	26	21	historically	historically	ADV
fsr-3420	26	22	,	,	PUNCT
fsr-3420	26	23	for	for	ADP
fsr-3420	26	24	different	different	ADJ
fsr-3420	26	25	values	value	NOUN
fsr-3420	26	26	of	of	ADP
fsr-3420	26	27	the	the	DET
fsr-3420	26	28	relevant	relevant	ADJ
fsr-3420	26	29	parameters	parameter	NOUN
fsr-3420	26	30	.	.	PUNCT
fsr-3420	27	1	in	in	ADP
fsr-3420	27	2	this	this	DET
fsr-3420	27	3	sense	sense	NOUN
fsr-3420	27	4	,	,	PUNCT
fsr-3420	27	5	the	the	DET
fsr-3420	27	6	results	result	NOUN
fsr-3420	27	7	presented	present	VERB
fsr-3420	27	8	here	here	ADV
fsr-3420	27	9	can	can	AUX
fsr-3420	27	10	significantly	significantly	ADV
fsr-3420	27	11	assist	assist	VERB
fsr-3420	27	12	the	the	DET
fsr-3420	27	13	decision	decision	NOUN
fsr-3420	27	14	-	-	PUNCT
fsr-3420	27	15	making	make	VERB
fsr-3420	27	16	process	process	NOUN
fsr-3420	27	17	in	in	ADP
fsr-3420	27	18	retirement	retirement	NOUN
fsr-3420	27	19	.	.	PUNCT
fsr-3420	28	1	we	we	PRON
fsr-3420	28	2	also	also	ADV
fsr-3420	28	3	refer	refer	VERB
fsr-3420	28	4	to	to	ADP
fsr-3420	28	5	another	another	DET
fsr-3420	28	6	result	result	NOUN
fsr-3420	28	7	presented	present	VERB
fsr-3420	28	8	in	in	ADP
fsr-3420	28	9	ssw	ssw	PROPN
fsr-3420	28	10	,	,	PUNCT
fsr-3420	28	11	namely	namely	ADV
fsr-3420	28	12	that	that	SCONJ
fsr-3420	28	13	if	if	SCONJ
fsr-3420	28	14	the	the	DET
fsr-3420	28	15	retiree	retiree	NOUN
fsr-3420	28	16	is	be	AUX
fsr-3420	28	17	interested	interested	ADJ
fsr-3420	28	18	in	in	ADP
fsr-3420	28	19	using	use	VERB
fsr-3420	28	20	up	up	ADP
fsr-3420	28	21	her	her	PRON
fsr-3420	28	22	retirement	retirement	NOUN
fsr-3420	28	23	savings	saving	NOUN
fsr-3420	28	24	in	in	ADP
fsr-3420	28	25	stages	stage	NOUN
fsr-3420	28	26	—	—	PUNCT
fsr-3420	28	27	for	for	ADP
fsr-3420	28	28	example	example	NOUN
fsr-3420	28	29	,	,	PUNCT
fsr-3420	28	30	withdrawing	withdraw	VERB
fsr-3420	28	31	a	a	DET
fsr-3420	28	32	certain	certain	ADJ
fsr-3420	28	33	amount	amount	NOUN
fsr-3420	28	34	for	for	ADP
fsr-3420	28	35	a	a	DET
fsr-3420	28	36	number	number	NOUN
fsr-3420	28	37	of	of	ADP
fsr-3420	28	38	periods	period	NOUN
fsr-3420	28	39	and	and	CCONJ
fsr-3420	28	40	then	then	ADV
fsr-3420	28	41	a	a	DET
fsr-3420	28	42	different	different	ADJ
fsr-3420	28	43	,	,	PUNCT
fsr-3420	28	44	smaller	small	ADJ
fsr-3420	28	45	amount	amount	NOUN
fsr-3420	28	46	as	as	ADP
fsr-3420	28	47	social	social	ADJ
fsr-3420	28	48	security	security	NOUN
fsr-3420	28	49	benefits	benefit	NOUN
fsr-3420	28	50	start	start	VERB
fsr-3420	28	51	to	to	PART
fsr-3420	28	52	come	come	VERB
fsr-3420	28	53	in	in	ADP
fsr-3420	28	54	—	—	PUNCT
fsr-3420	28	55	the	the	DET
fsr-3420	28	56	“	"	PUNCT
fsr-3420	28	57	perfect	perfect	ADJ
fsr-3420	28	58	”	"	PUNCT
fsr-3420	28	59	set	set	NOUN
fsr-3420	28	60	of	of	ADP
fsr-3420	28	61	figures	figure	NOUN
fsr-3420	28	62	is	be	AUX
fsr-3420	28	63	a	a	DET
fsr-3420	28	64	function	function	NOUN
fsr-3420	28	65	of	of	ADP
fsr-3420	28	66	the	the	DET
fsr-3420	28	67	“	"	PUNCT
fsr-3420	28	68	regular	regular	ADJ
fsr-3420	28	69	”	"	PUNCT
fsr-3420	28	70	pwa	pwa	PROPN
fsr-3420	28	71	that	that	PRON
fsr-3420	28	72	is	be	AUX
fsr-3420	28	73	reported	report	VERB
fsr-3420	28	74	here	here	ADV
fsr-3420	28	75	,	,	PUNCT
fsr-3420	28	76	which	which	PRON
fsr-3420	28	77	is	be	AUX
fsr-3420	28	78	a	a	DET
fsr-3420	28	79	constant	constant	ADJ
fsr-3420	28	80	amount	amount	NOUN
fsr-3420	28	81	throughout	throughout	ADP
fsr-3420	28	82	the	the	DET
fsr-3420	28	83	retirement	retirement	NOUN
fsr-3420	28	84	period	period	NOUN
fsr-3420	28	85	(	(	PUNCT
fsr-3420	28	86	bridges	bridge	NOUN
fsr-3420	28	87	&	&	CCONJ
fsr-3420	28	88	choudury	choudury	PROPN
fsr-3420	28	89	,	,	PUNCT
fsr-3420	28	90	2007	2007	NUM
fsr-3420	28	91	)	)	PUNCT
fsr-3420	28	92	.	.	PUNCT
fsr-3420	29	1	the	the	DET
fsr-3420	29	2	numbers	number	NOUN
fsr-3420	29	3	presented	present	VERB
fsr-3420	29	4	here	here	ADV
fsr-3420	29	5	can	can	AUX
fsr-3420	29	6	thus	thus	ADV
fsr-3420	29	7	provide	provide	VERB
fsr-3420	29	8	guidelines	guideline	NOUN
fsr-3420	29	9	for	for	ADP
fsr-3420	29	10	many	many	ADJ
fsr-3420	29	11	different	different	ADJ
fsr-3420	29	12	circumstances	circumstance	NOUN
fsr-3420	29	13	and	and	CCONJ
fsr-3420	29	14	cases	case	NOUN
fsr-3420	29	15	.	.	PUNCT
fsr-3420	30	1	we	we	PRON
fsr-3420	30	2	present	present	VERB
fsr-3420	30	3	results	result	NOUN
fsr-3420	30	4	for	for	ADP
fsr-3420	30	5	the	the	DET
fsr-3420	30	6	pwa	pwa	PROPN
fsr-3420	30	7	over	over	ADP
fsr-3420	30	8	the	the	DET
fsr-3420	30	9	period	period	NOUN
fsr-3420	30	10	1926	1926	NUM
fsr-3420	30	11	-	-	SYM
fsr-3420	30	12	2014	2014	NUM
fsr-3420	30	13	.	.	PUNCT
fsr-3420	31	1	using	use	VERB
fsr-3420	31	2	data	datum	NOUN
fsr-3420	31	3	from	from	ADP
fsr-3420	31	4	ibbotson	ibbotson	PROPN
fsr-3420	31	5	sbbi	sbbi	ADJ
fsr-3420	31	6	classic	classic	ADJ
fsr-3420	31	7	yearbook	yearbook	NOUN
fsr-3420	31	8	(	(	PUNCT
fsr-3420	31	9	morningstar	morningstar	PROPN
fsr-3420	31	10	,	,	PUNCT
fsr-3420	31	11	inc	inc	PROPN
fsr-3420	31	12	.	.	PROPN
fsr-3420	31	13	,	,	PUNCT
fsr-3420	31	14	2015	2015	NUM
fsr-3420	31	15	)	)	PUNCT
fsr-3420	31	16	,	,	PUNCT
fsr-3420	31	17	we	we	PRON
fsr-3420	31	18	start	start	VERB
fsr-3420	31	19	by	by	ADP
fsr-3420	31	20	computing	compute	VERB
fsr-3420	31	21	pwas	pwa	VERB
fsr-3420	31	22	for	for	ADP
fsr-3420	31	23	a	a	DET
fsr-3420	31	24	basecase	basecase	ADJ
fsr-3420	31	25	scenario	scenario	NOUN
fsr-3420	31	26	of	of	ADP
fsr-3420	31	27	all	all	DET
fsr-3420	31	28	-	-	PUNCT
fsr-3420	31	29	stock	stock	NOUN
fsr-3420	31	30	portfolios	portfolio	NOUN
fsr-3420	31	31	and	and	CCONJ
fsr-3420	31	32	30	30	NUM
fsr-3420	31	33	-	-	PUNCT
fsr-3420	31	34	year	year	NOUN
fsr-3420	31	35	long	long	ADJ
fsr-3420	31	36	retirement	retirement	NOUN
fsr-3420	31	37	periods	period	NOUN
fsr-3420	31	38	,	,	PUNCT
fsr-3420	31	39	where	where	SCONJ
fsr-3420	31	40	the	the	DET
fsr-3420	31	41	investor	investor	NOUN
fsr-3420	31	42	’s	’s	PART
fsr-3420	31	43	goal	goal	NOUN
fsr-3420	31	44	is	be	AUX
fsr-3420	31	45	to	to	PART
fsr-3420	31	46	exhaust	exhaust	VERB
fsr-3420	31	47	the	the	DET
fsr-3420	31	48	account	account	NOUN
fsr-3420	31	49	’s	’s	PART
fsr-3420	31	50	funds	fund	NOUN
fsr-3420	31	51	completely	completely	ADV
fsr-3420	31	52	.	.	PUNCT
fsr-3420	32	1	the	the	DET
fsr-3420	32	2	retirement	retirement	NOUN
fsr-3420	32	3	periods	period	NOUN
fsr-3420	32	4	are	be	AUX
fsr-3420	32	5	rolled	roll	VERB
fsr-3420	32	6	forward	forward	ADV
fsr-3420	32	7	one	one	NUM
fsr-3420	32	8	month	month	NOUN
fsr-3420	32	9	at	at	ADP
fsr-3420	32	10	a	a	DET
fsr-3420	32	11	time	time	NOUN
fsr-3420	32	12	,	,	PUNCT
fsr-3420	32	13	with	with	ADP
fsr-3420	32	14	the	the	DET
fsr-3420	32	15	first	first	ADJ
fsr-3420	32	16	one	one	NUM
fsr-3420	32	17	beginning	begin	VERB
fsr-3420	32	18	in	in	ADP
fsr-3420	32	19	january	january	PROPN
fsr-3420	32	20	1926	1926	NUM
fsr-3420	32	21	and	and	CCONJ
fsr-3420	32	22	ending	end	VERB
fsr-3420	32	23	in	in	ADP
fsr-3420	32	24	december	december	PROPN
fsr-3420	32	25	1955	1955	NUM
fsr-3420	32	26	,	,	PUNCT
fsr-3420	32	27	and	and	CCONJ
fsr-3420	32	28	the	the	DET
fsr-3420	32	29	last	last	ADJ
fsr-3420	32	30	one	one	NUM
fsr-3420	32	31	running	run	VERB
fsr-3420	32	32	from	from	ADP
fsr-3420	32	33	january	january	PROPN
fsr-3420	32	34	1985	1985	NUM
fsr-3420	32	35	through	through	ADP
fsr-3420	32	36	december	december	PROPN
fsr-3420	32	37	2014	2014	NUM
fsr-3420	32	38	.	.	PUNCT
fsr-3420	33	1	this	this	DET
fsr-3420	33	2	one	one	NUM
fsr-3420	33	3	-	-	PUNCT
fsr-3420	33	4	month	month	NOUN
fsr-3420	33	5	-	-	PUNCT
fsr-3420	33	6	shift	shift	NOUN
fsr-3420	33	7	approach	approach	NOUN
fsr-3420	33	8	produces	produce	VERB
fsr-3420	33	9	a	a	DET
fsr-3420	33	10	series	series	NOUN
fsr-3420	33	11	of	of	ADP
fsr-3420	33	12	708	708	NUM
fsr-3420	33	13	figures	figure	NOUN
fsr-3420	33	14	that	that	SCONJ
fsr-3420	33	15	,	,	PUNCT
fsr-3420	33	16	although	although	SCONJ
fsr-3420	33	17	not	not	PART
fsr-3420	33	18	all	all	PRON
fsr-3420	33	19	independent	independent	ADJ
fsr-3420	33	20	,	,	PUNCT
fsr-3420	33	21	provide	provide	VERB
fsr-3420	33	22	a	a	DET
fsr-3420	33	23	bird’s	bird’s	ADJ
fsr-3420	33	24	-	-	PUNCT
fsr-3420	33	25	eye	eye	NOUN
fsr-3420	33	26	view	view	NOUN
fsr-3420	33	27	of	of	ADP
fsr-3420	33	28	how	how	SCONJ
fsr-3420	33	29	this	this	DET
fsr-3420	33	30	particular	particular	ADJ
fsr-3420	33	31	pwa	pwa	PROPN
fsr-3420	33	32	has	have	AUX
fsr-3420	33	33	evolved	evolve	VERB
fsr-3420	33	34	over	over	ADP
fsr-3420	33	35	time	time	NOUN
fsr-3420	33	36	.	.	PUNCT
fsr-3420	34	1	we	we	PRON
fsr-3420	34	2	also	also	ADV
fsr-3420	34	3	use	use	VERB
fsr-3420	34	4	a	a	DET
fsr-3420	34	5	separation	separation	NOUN
fsr-3420	34	6	result	result	NOUN
fsr-3420	34	7	obtained	obtain	VERB
fsr-3420	34	8	in	in	ADP
fsr-3420	34	9	ssw	ssw	PROPN
fsr-3420	34	10	to	to	PART
fsr-3420	34	11	look	look	VERB
fsr-3420	34	12	at	at	ADP
fsr-3420	34	13	how	how	SCONJ
fsr-3420	34	14	the	the	DET
fsr-3420	34	15	pwa	pwa	PROPN
fsr-3420	34	16	is	be	AUX
fsr-3420	34	17	affected	affect	VERB
fsr-3420	34	18	by	by	ADP
fsr-3420	34	19	the	the	DET
fsr-3420	34	20	sequential	sequential	ADJ
fsr-3420	34	21	order	order	NOUN
fsr-3420	34	22	in	in	ADP
fsr-3420	34	23	the	the	DET
fsr-3420	34	24	portfolio	portfolio	NOUN
fsr-3420	34	25	’s	’s	PART
fsr-3420	34	26	returns	return	NOUN
fsr-3420	34	27	.	.	PUNCT
fsr-3420	35	1	this	this	PRON
fsr-3420	35	2	is	be	AUX
fsr-3420	35	3	known	know	VERB
fsr-3420	35	4	as	as	ADP
fsr-3420	35	5	sequencing	sequence	VERB
fsr-3420	35	6	risk	risk	NOUN
fsr-3420	35	7	,	,	PUNCT
fsr-3420	35	8	and	and	CCONJ
fsr-3420	35	9	we	we	PRON
fsr-3420	35	10	examine	examine	VERB
fsr-3420	35	11	it	it	PRON
fsr-3420	35	12	by	by	ADP
fsr-3420	35	13	computing	compute	VERB
fsr-3420	35	14	the	the	DET
fsr-3420	35	15	values	value	NOUN
fsr-3420	35	16	for	for	ADP
fsr-3420	35	17	the	the	DET
fsr-3420	35	18	sequencing	sequence	VERB
fsr-3420	35	19	factor	factor	NOUN
fsr-3420	35	20	—	—	PUNCT
fsr-3420	35	21	a	a	DET
fsr-3420	35	22	measure	measure	NOUN
fsr-3420	35	23	developed	develop	VERB
fsr-3420	35	24	in	in	ADP
fsr-3420	35	25	that	that	DET
fsr-3420	35	26	paper	paper	NOUN
fsr-3420	35	27	for	for	ADP
fsr-3420	35	28	this	this	DET
fsr-3420	35	29	type	type	NOUN
fsr-3420	35	30	of	of	ADP
fsr-3420	35	31	risk	risk	NOUN
fsr-3420	35	32	—	—	PUNCT
fsr-3420	35	33	over	over	ADP
fsr-3420	35	34	the	the	DET
fsr-3420	35	35	same	same	ADJ
fsr-3420	35	36	period	period	NOUN
fsr-3420	35	37	.	.	PUNCT
fsr-3420	36	1	we	we	PRON
fsr-3420	36	2	then	then	ADV
fsr-3420	36	3	compute	compute	VERB
fsr-3420	36	4	the	the	DET
fsr-3420	36	5	values	value	NOUN
fsr-3420	36	6	corresponding	correspond	VERB
fsr-3420	36	7	to	to	ADP
fsr-3420	36	8	other	other	ADJ
fsr-3420	36	9	asset	asset	NOUN
fsr-3420	36	10	allocations	allocation	NOUN
fsr-3420	36	11	for	for	ADP
fsr-3420	36	12	the	the	DET
fsr-3420	36	13	portfolio	portfolio	NOUN
fsr-3420	36	14	.	.	PUNCT
fsr-3420	37	1	by	by	ADP
fsr-3420	37	2	increasing	increase	VERB
fsr-3420	37	3	the	the	DET
fsr-3420	37	4	bond	bond	NOUN
fsr-3420	37	5	allocation	allocation	NOUN
fsr-3420	37	6	in	in	ADP
fsr-3420	37	7	10	10	NUM
fsr-3420	37	8	percentage	percentage	NOUN
fsr-3420	37	9	-	-	PUNCT
fsr-3420	37	10	point	point	NOUN
fsr-3420	37	11	increments	increment	NOUN
fsr-3420	37	12	—	—	PUNCT
fsr-3420	37	13	and	and	CCONJ
fsr-3420	37	14	decreasing	decrease	VERB
fsr-3420	37	15	the	the	DET
fsr-3420	37	16	corresponding	corresponding	ADJ
fsr-3420	37	17	allocation	allocation	NOUN
fsr-3420	37	18	to	to	ADP
fsr-3420	37	19	stocks	stock	NOUN
fsr-3420	37	20	—	—	PUNCT
fsr-3420	37	21	the	the	DET
fsr-3420	37	22	relation	relation	NOUN
fsr-3420	37	23	between	between	ADP
fsr-3420	37	24	asset	asset	NOUN
fsr-3420	37	25	allocation	allocation	NOUN
fsr-3420	37	26	and	and	CCONJ
fsr-3420	37	27	historical	historical	ADJ
fsr-3420	37	28	pwas	pwas	NOUN
fsr-3420	37	29	is	be	AUX
fsr-3420	37	30	explored	explore	VERB
fsr-3420	37	31	.	.	PUNCT
fsr-3420	38	1	e.d	e.d	PROPN
fsr-3420	38	2	.	.	PROPN
fsr-3420	38	3	suarez	suarez	PROPN
fsr-3420	38	4	/	/	SYM
fsr-3420	38	5	financial	financial	ADJ
fsr-3420	38	6	services	service	NOUN
fsr-3420	38	7	review	review	VERB
fsr-3420	38	8	28	28	NUM
fsr-3420	38	9	(	(	PUNCT
fsr-3420	38	10	2020	2020	NUM
fsr-3420	38	11	)	)	PUNCT
fsr-3420	39	1	96–132	96–132	NUM
fsr-3420	39	2	97	97	NUM
fsr-3420	39	3	next	next	ADV
fsr-3420	39	4	,	,	PUNCT
fsr-3420	39	5	we	we	PRON
fsr-3420	39	6	look	look	VERB
fsr-3420	39	7	at	at	ADP
fsr-3420	39	8	how	how	SCONJ
fsr-3420	39	9	our	our	PRON
fsr-3420	39	10	results	result	NOUN
fsr-3420	39	11	change	change	VERB
fsr-3420	39	12	when	when	SCONJ
fsr-3420	39	13	the	the	DET
fsr-3420	39	14	retiree	retiree	NOUN
fsr-3420	39	15	’s	’s	PART
fsr-3420	39	16	goal	goal	NOUN
fsr-3420	39	17	is	be	AUX
fsr-3420	39	18	not	not	PART
fsr-3420	39	19	to	to	PART
fsr-3420	39	20	exhaust	exhaust	VERB
fsr-3420	39	21	her	her	PRON
fsr-3420	39	22	savings	saving	NOUN
fsr-3420	39	23	entirely	entirely	ADV
fsr-3420	39	24	,	,	PUNCT
fsr-3420	39	25	but	but	CCONJ
fsr-3420	39	26	to	to	PART
fsr-3420	39	27	leave	leave	VERB
fsr-3420	39	28	a	a	DET
fsr-3420	39	29	portion	portion	NOUN
fsr-3420	39	30	of	of	ADP
fsr-3420	39	31	her	her	PRON
fsr-3420	39	32	balance	balance	NOUN
fsr-3420	39	33	as	as	ADP
fsr-3420	39	34	bequest	bequest	NOUN
fsr-3420	39	35	or	or	CCONJ
fsr-3420	39	36	final	final	ADJ
fsr-3420	39	37	gift	gift	NOUN
fsr-3420	39	38	.	.	PUNCT
fsr-3420	40	1	this	this	PRON
fsr-3420	40	2	is	be	AUX
fsr-3420	40	3	perhaps	perhaps	ADV
fsr-3420	40	4	a	a	DET
fsr-3420	40	5	more	more	ADV
fsr-3420	40	6	relevant	relevant	ADJ
fsr-3420	40	7	case	case	NOUN
fsr-3420	40	8	,	,	PUNCT
fsr-3420	40	9	especially	especially	ADV
fsr-3420	40	10	since	since	SCONJ
fsr-3420	40	11	the	the	DET
fsr-3420	40	12	protected	protect	VERB
fsr-3420	40	13	balance	balance	NOUN
fsr-3420	40	14	can	can	AUX
fsr-3420	40	15	also	also	ADV
fsr-3420	40	16	be	be	AUX
fsr-3420	40	17	considered	consider	VERB
fsr-3420	40	18	an	an	DET
fsr-3420	40	19	emergency	emergency	NOUN
fsr-3420	40	20	reserve	reserve	NOUN
fsr-3420	40	21	for	for	ADP
fsr-3420	40	22	unforeseen	unforeseen	ADJ
fsr-3420	40	23	expenditures	expenditure	NOUN
fsr-3420	40	24	and	and	CCONJ
fsr-3420	40	25	,	,	PUNCT
fsr-3420	40	26	in	in	ADP
fsr-3420	40	27	this	this	DET
fsr-3420	40	28	sense	sense	NOUN
fsr-3420	40	29	,	,	PUNCT
fsr-3420	40	30	it	it	PRON
fsr-3420	40	31	might	might	AUX
fsr-3420	40	32	be	be	AUX
fsr-3420	40	33	a	a	DET
fsr-3420	40	34	desirable	desirable	ADJ
fsr-3420	40	35	feature	feature	NOUN
fsr-3420	40	36	in	in	ADP
fsr-3420	40	37	most	most	ADJ
fsr-3420	40	38	retirement	retirement	NOUN
fsr-3420	40	39	plans	plan	NOUN
fsr-3420	40	40	.	.	PUNCT
fsr-3420	41	1	this	this	DET
fsr-3420	41	2	interpretation	interpretation	NOUN
fsr-3420	41	3	of	of	ADP
fsr-3420	41	4	a	a	DET
fsr-3420	41	5	nonzero	nonzero	ADJ
fsr-3420	41	6	final	final	ADJ
fsr-3420	41	7	balance	balance	NOUN
fsr-3420	41	8	goal	goal	NOUN
fsr-3420	41	9	as	as	ADP
fsr-3420	41	10	a	a	DET
fsr-3420	41	11	safety	safety	NOUN
fsr-3420	41	12	device	device	NOUN
fsr-3420	41	13	suggests	suggest	VERB
fsr-3420	41	14	an	an	DET
fsr-3420	41	15	important	important	ADJ
fsr-3420	41	16	question	question	NOUN
fsr-3420	41	17	that	that	SCONJ
fsr-3420	41	18	,	,	PUNCT
fsr-3420	41	19	to	to	ADP
fsr-3420	41	20	our	our	PRON
fsr-3420	41	21	knowledge	knowledge	NOUN
fsr-3420	41	22	,	,	PUNCT
fsr-3420	41	23	has	have	AUX
fsr-3420	41	24	not	not	PART
fsr-3420	41	25	been	be	AUX
fsr-3420	41	26	discussed	discuss	VERB
fsr-3420	41	27	before	before	ADV
fsr-3420	41	28	:	:	PUNCT
fsr-3420	41	29	if	if	SCONJ
fsr-3420	41	30	the	the	DET
fsr-3420	41	31	retiree	retiree	NOUN
fsr-3420	41	32	wants	want	VERB
fsr-3420	41	33	to	to	PART
fsr-3420	41	34	“	"	PUNCT
fsr-3420	41	35	play	play	VERB
fsr-3420	41	36	it	it	PRON
fsr-3420	41	37	safe	safe	ADJ
fsr-3420	41	38	,	,	PUNCT
fsr-3420	41	39	”	"	PUNCT
fsr-3420	41	40	should	should	AUX
fsr-3420	41	41	she	she	PRON
fsr-3420	41	42	withdraw	withdraw	VERB
fsr-3420	41	43	the	the	DET
fsr-3420	41	44	amount	amount	NOUN
fsr-3420	41	45	that	that	PRON
fsr-3420	41	46	rarely	rarely	ADV
fsr-3420	41	47	exhausts	exhaust	VERB
fsr-3420	41	48	the	the	DET
fsr-3420	41	49	balance	balance	NOUN
fsr-3420	41	50	in	in	ADP
fsr-3420	41	51	her	her	PRON
fsr-3420	41	52	account	account	NOUN
fsr-3420	41	53	,	,	PUNCT
fsr-3420	41	54	or	or	CCONJ
fsr-3420	41	55	the	the	DET
fsr-3420	41	56	amount	amount	NOUN
fsr-3420	41	57	that	that	PRON
fsr-3420	41	58	frequently	frequently	ADV
fsr-3420	41	59	produces	produce	VERB
fsr-3420	41	60	a	a	DET
fsr-3420	41	61	final	final	ADJ
fsr-3420	41	62	balance	balance	NOUN
fsr-3420	41	63	that	that	PRON
fsr-3420	41	64	can	can	AUX
fsr-3420	41	65	cover	cover	VERB
fsr-3420	41	66	some	some	DET
fsr-3420	41	67	unexpected	unexpected	ADJ
fsr-3420	41	68	outlays	outlay	NOUN
fsr-3420	41	69	?	?	PUNCT
fsr-3420	42	1	are	be	AUX
fsr-3420	42	2	these	these	DET
fsr-3420	42	3	approaches	approach	NOUN
fsr-3420	42	4	equivalent	equivalent	ADJ
fsr-3420	42	5	?	?	PUNCT
fsr-3420	43	1	the	the	DET
fsr-3420	43	2	results	result	NOUN
fsr-3420	43	3	in	in	ADP
fsr-3420	43	4	this	this	DET
fsr-3420	43	5	section	section	NOUN
fsr-3420	43	6	provide	provide	VERB
fsr-3420	43	7	insight	insight	NOUN
fsr-3420	43	8	for	for	ADP
fsr-3420	43	9	this	this	DET
fsr-3420	43	10	discussion	discussion	NOUN
fsr-3420	43	11	.	.	PUNCT
fsr-3420	44	1	we	we	PRON
fsr-3420	44	2	close	close	VERB
fsr-3420	44	3	with	with	ADP
fsr-3420	44	4	the	the	DET
fsr-3420	44	5	pwa	pwa	PROPN
fsr-3420	44	6	results	result	NOUN
fsr-3420	44	7	for	for	ADP
fsr-3420	44	8	other	other	ADJ
fsr-3420	44	9	horizon	horizon	NOUN
fsr-3420	44	10	lengths	length	NOUN
fsr-3420	44	11	.	.	PUNCT
fsr-3420	45	1	by	by	ADP
fsr-3420	45	2	changing	change	VERB
fsr-3420	45	3	the	the	DET
fsr-3420	45	4	duration	duration	NOUN
fsr-3420	45	5	of	of	ADP
fsr-3420	45	6	the	the	DET
fsr-3420	45	7	retirement	retirement	NOUN
fsr-3420	45	8	period	period	NOUN
fsr-3420	45	9	from	from	ADP
fsr-3420	45	10	30	30	NUM
fsr-3420	45	11	years	year	NOUN
fsr-3420	45	12	to	to	ADP
fsr-3420	45	13	25	25	NUM
fsr-3420	45	14	,	,	PUNCT
fsr-3420	45	15	35	35	NUM
fsr-3420	45	16	,	,	PUNCT
fsr-3420	45	17	and	and	CCONJ
fsr-3420	45	18	40	40	NUM
fsr-3420	45	19	years	year	NOUN
fsr-3420	45	20	we	we	PRON
fsr-3420	45	21	obtain	obtain	VERB
fsr-3420	45	22	a	a	DET
fsr-3420	45	23	ballpark	ballpark	ADJ
fsr-3420	45	24	estimate	estimate	NOUN
fsr-3420	45	25	of	of	ADP
fsr-3420	45	26	the	the	DET
fsr-3420	45	27	level	level	NOUN
fsr-3420	45	28	of	of	ADP
fsr-3420	45	29	risk	risk	NOUN
fsr-3420	45	30	incurred	incur	VERB
fsr-3420	45	31	by	by	ADP
fsr-3420	45	32	using	use	VERB
fsr-3420	45	33	a	a	DET
fsr-3420	45	34	specific	specific	ADJ
fsr-3420	45	35	endpoint	endpoint	NOUN
fsr-3420	45	36	in	in	ADP
fsr-3420	45	37	retirement	retirement	NOUN
fsr-3420	45	38	plans	plan	NOUN
fsr-3420	45	39	,	,	PUNCT
fsr-3420	45	40	when	when	SCONJ
fsr-3420	45	41	in	in	ADP
fsr-3420	45	42	reality	reality	NOUN
fsr-3420	45	43	this	this	DET
fsr-3420	45	44	closing	closing	NOUN
fsr-3420	45	45	date	date	NOUN
fsr-3420	45	46	is	be	AUX
fsr-3420	45	47	of	of	ADP
fsr-3420	45	48	course	course	NOUN
fsr-3420	45	49	unknown	unknown	ADJ
fsr-3420	45	50	.	.	PUNCT
fsr-3420	46	1	taken	take	VERB
fsr-3420	46	2	together	together	ADV
fsr-3420	46	3	,	,	PUNCT
fsr-3420	46	4	the	the	DET
fsr-3420	46	5	numbers	number	NOUN
fsr-3420	46	6	presented	present	VERB
fsr-3420	46	7	in	in	ADP
fsr-3420	46	8	this	this	DET
fsr-3420	46	9	paper	paper	NOUN
fsr-3420	46	10	draw	draw	VERB
fsr-3420	46	11	the	the	DET
fsr-3420	46	12	outline	outline	NOUN
fsr-3420	46	13	of	of	ADP
fsr-3420	46	14	a	a	DET
fsr-3420	46	15	surface	surface	NOUN
fsr-3420	46	16	that	that	PRON
fsr-3420	46	17	can	can	AUX
fsr-3420	46	18	be	be	AUX
fsr-3420	46	19	used	use	VERB
fsr-3420	46	20	for	for	ADP
fsr-3420	46	21	decision	decision	NOUN
fsr-3420	46	22	-	-	PUNCT
fsr-3420	46	23	making	making	NOUN
fsr-3420	46	24	.	.	PUNCT
fsr-3420	47	1	the	the	DET
fsr-3420	47	2	true	true	ADJ
fsr-3420	47	3	perfect	perfect	ADJ
fsr-3420	47	4	withdrawal	withdrawal	NOUN
fsr-3420	47	5	amount	amount	NOUN
fsr-3420	47	6	awaiting	await	VERB
fsr-3420	47	7	in	in	ADP
fsr-3420	47	8	each	each	DET
fsr-3420	47	9	retiree	retiree	NOUN
fsr-3420	47	10	’s	’s	PART
fsr-3420	47	11	future	future	NOUN
fsr-3420	47	12	can	can	AUX
fsr-3420	47	13	not	not	PART
fsr-3420	47	14	be	be	AUX
fsr-3420	47	15	known	know	VERB
fsr-3420	47	16	in	in	ADP
fsr-3420	47	17	advance	advance	NOUN
fsr-3420	47	18	,	,	PUNCT
fsr-3420	47	19	but	but	CCONJ
fsr-3420	47	20	by	by	ADP
fsr-3420	47	21	perusing	peruse	VERB
fsr-3420	47	22	the	the	DET
fsr-3420	47	23	cross	cross	NOUN
fsr-3420	47	24	-	-	NOUN
fsr-3420	47	25	sections	section	NOUN
fsr-3420	47	26	of	of	ADP
fsr-3420	47	27	this	this	DET
fsr-3420	47	28	object	object	NOUN
fsr-3420	47	29	we	we	PRON
fsr-3420	47	30	can	can	AUX
fsr-3420	47	31	make	make	VERB
fsr-3420	47	32	well	well	ADV
fsr-3420	47	33	-	-	PUNCT
fsr-3420	47	34	educated	educate	VERB
fsr-3420	47	35	guesses	guess	NOUN
fsr-3420	47	36	of	of	ADP
fsr-3420	47	37	what	what	PRON
fsr-3420	47	38	it	it	PRON
fsr-3420	47	39	may	may	AUX
fsr-3420	47	40	end	end	VERB
fsr-3420	47	41	up	up	ADP
fsr-3420	47	42	being	be	AUX
fsr-3420	47	43	in	in	ADP
fsr-3420	47	44	each	each	DET
fsr-3420	47	45	case	case	NOUN
fsr-3420	47	46	.	.	PUNCT
fsr-3420	48	1	the	the	DET
fsr-3420	48	2	aim	aim	NOUN
fsr-3420	48	3	of	of	ADP
fsr-3420	48	4	this	this	DET
fsr-3420	48	5	paper	paper	NOUN
fsr-3420	48	6	is	be	AUX
fsr-3420	48	7	to	to	PART
fsr-3420	48	8	recruit	recruit	VERB
fsr-3420	48	9	the	the	DET
fsr-3420	48	10	assistance	assistance	NOUN
fsr-3420	48	11	of	of	ADP
fsr-3420	48	12	financial	financial	ADJ
fsr-3420	48	13	history	history	NOUN
fsr-3420	48	14	to	to	PART
fsr-3420	48	15	make	make	VERB
fsr-3420	48	16	this	this	DET
fsr-3420	48	17	guesswork	guesswork	NOUN
fsr-3420	48	18	more	more	ADV
fsr-3420	48	19	robust	robust	ADJ
fsr-3420	48	20	.	.	PUNCT
fsr-3420	49	1	2	2	X
fsr-3420	49	2	.	.	X
fsr-3420	49	3	previous	previous	ADJ
fsr-3420	49	4	research	research	NOUN
fsr-3420	49	5	the	the	DET
fsr-3420	49	6	research	research	NOUN
fsr-3420	49	7	program	program	NOUN
fsr-3420	49	8	on	on	ADP
fsr-3420	49	9	optimal	optimal	ADJ
fsr-3420	49	10	retirement	retirement	NOUN
fsr-3420	49	11	withdrawals	withdrawal	NOUN
fsr-3420	49	12	began	begin	VERB
fsr-3420	49	13	in	in	ADP
fsr-3420	49	14	1994	1994	NUM
fsr-3420	49	15	,	,	PUNCT
fsr-3420	49	16	with	with	ADP
fsr-3420	49	17	the	the	DET
fsr-3420	49	18	release	release	NOUN
fsr-3420	49	19	of	of	ADP
fsr-3420	49	20	two	two	NUM
fsr-3420	49	21	seminal	seminal	ADJ
fsr-3420	49	22	papers	paper	NOUN
fsr-3420	49	23	.	.	PUNCT
fsr-3420	50	1	the	the	DET
fsr-3420	50	2	first	first	ADJ
fsr-3420	50	3	one	one	NUM
fsr-3420	50	4	,	,	PUNCT
fsr-3420	50	5	bierwirth	bierwirth	NOUN
fsr-3420	50	6	(	(	PUNCT
fsr-3420	50	7	1994	1994	NUM
fsr-3420	50	8	)	)	PUNCT
fsr-3420	50	9	,	,	PUNCT
fsr-3420	50	10	actually	actually	ADV
fsr-3420	50	11	computes	compute	VERB
fsr-3420	50	12	what	what	PRON
fsr-3420	50	13	we	we	PRON
fsr-3420	50	14	are	be	AUX
fsr-3420	50	15	now	now	ADV
fsr-3420	50	16	calling	call	VERB
fsr-3420	50	17	pwas	pwas	ADV
fsr-3420	50	18	,	,	PUNCT
fsr-3420	50	19	although	although	SCONJ
fsr-3420	50	20	he	he	PRON
fsr-3420	50	21	obtains	obtain	VERB
fsr-3420	50	22	them	they	PRON
fsr-3420	50	23	by	by	ADP
fsr-3420	50	24	trial	trial	NOUN
fsr-3420	50	25	-	-	PUNCT
fsr-3420	50	26	and	and	CCONJ
fsr-3420	50	27	-	-	PUNCT
fsr-3420	50	28	error	error	NOUN
fsr-3420	50	29	.	.	PUNCT
fsr-3420	51	1	bierwirth	bierwirth	NOUN
fsr-3420	51	2	does	do	AUX
fsr-3420	51	3	not	not	PART
fsr-3420	51	4	seek	seek	VERB
fsr-3420	51	5	the	the	DET
fsr-3420	51	6	withdrawal	withdrawal	NOUN
fsr-3420	51	7	amount	amount	NOUN
fsr-3420	51	8	that	that	PRON
fsr-3420	51	9	exhausts	exhaust	VERB
fsr-3420	51	10	the	the	DET
fsr-3420	51	11	starting	start	VERB
fsr-3420	51	12	balance	balance	NOUN
fsr-3420	51	13	,	,	PUNCT
fsr-3420	51	14	but	but	CCONJ
fsr-3420	51	15	rather	rather	ADV
fsr-3420	51	16	the	the	DET
fsr-3420	51	17	figure	figure	NOUN
fsr-3420	51	18	that	that	PRON
fsr-3420	51	19	leaves	leave	VERB
fsr-3420	51	20	the	the	DET
fsr-3420	51	21	account	account	NOUN
fsr-3420	51	22	balance	balance	NOUN
fsr-3420	51	23	unchanged	unchanged	ADJ
fsr-3420	51	24	in	in	ADP
fsr-3420	51	25	nominal	nominal	ADJ
fsr-3420	51	26	terms	term	NOUN
fsr-3420	51	27	after	after	ADP
fsr-3420	51	28	25years	25years	NUM
fsr-3420	51	29	(	(	PUNCT
fsr-3420	51	30	even	even	ADV
fsr-3420	51	31	though	though	SCONJ
fsr-3420	51	32	the	the	DET
fsr-3420	51	33	withdrawal	withdrawal	NOUN
fsr-3420	51	34	amount	amount	NOUN
fsr-3420	51	35	is	be	AUX
fsr-3420	51	36	kept	keep	VERB
fsr-3420	51	37	constant	constant	ADJ
fsr-3420	51	38	in	in	ADP
fsr-3420	51	39	real	real	ADJ
fsr-3420	51	40	terms	term	NOUN
fsr-3420	51	41	)	)	PUNCT
fsr-3420	51	42	.	.	PUNCT
fsr-3420	52	1	however	however	ADV
fsr-3420	52	2	,	,	PUNCT
fsr-3420	52	3	the	the	DET
fsr-3420	52	4	stated	state	VERB
fsr-3420	52	5	goal	goal	NOUN
fsr-3420	52	6	of	of	ADP
fsr-3420	52	7	bierwirth	bierwirth	NOUN
fsr-3420	52	8	’s	’s	PART
fsr-3420	52	9	work	work	NOUN
fsr-3420	52	10	—	—	PUNCT
fsr-3420	52	11	and	and	CCONJ
fsr-3420	52	12	its	its	PRON
fsr-3420	52	13	lasting	last	VERB
fsr-3420	52	14	contribution	contribution	NOUN
fsr-3420	52	15	—	—	PUNCT
fsr-3420	52	16	is	be	AUX
fsr-3420	52	17	to	to	PART
fsr-3420	52	18	use	use	VERB
fsr-3420	52	19	historical	historical	ADJ
fsr-3420	52	20	data	datum	NOUN
fsr-3420	52	21	instead	instead	ADV
fsr-3420	52	22	of	of	ADP
fsr-3420	52	23	simplistic	simplistic	ADJ
fsr-3420	52	24	assumptions	assumption	NOUN
fsr-3420	52	25	to	to	PART
fsr-3420	52	26	evaluate	evaluate	VERB
fsr-3420	52	27	any	any	DET
fsr-3420	52	28	withdrawal	withdrawal	NOUN
fsr-3420	52	29	strategy	strategy	NOUN
fsr-3420	52	30	.	.	PUNCT
fsr-3420	53	1	this	this	DET
fsr-3420	53	2	key	key	ADJ
fsr-3420	53	3	insight	insight	NOUN
fsr-3420	53	4	is	be	AUX
fsr-3420	53	5	taken	take	VERB
fsr-3420	53	6	up	up	ADP
fsr-3420	53	7	by	by	ADP
fsr-3420	53	8	bengen	bengen	NOUN
fsr-3420	53	9	(	(	PUNCT
fsr-3420	53	10	1994	1994	NUM
fsr-3420	53	11	)	)	PUNCT
fsr-3420	53	12	to	to	PART
fsr-3420	53	13	develop	develop	VERB
fsr-3420	53	14	the	the	DET
fsr-3420	53	15	concept	concept	NOUN
fsr-3420	53	16	of	of	ADP
fsr-3420	53	17	“	"	PUNCT
fsr-3420	53	18	portfolio	portfolio	NOUN
fsr-3420	53	19	longevity	longevity	NOUN
fsr-3420	53	20	,	,	PUNCT
fsr-3420	53	21	”	"	PUNCT
fsr-3420	53	22	which	which	PRON
fsr-3420	53	23	he	he	PRON
fsr-3420	53	24	uses	use	VERB
fsr-3420	53	25	to	to	PART
fsr-3420	53	26	arrive	arrive	VERB
fsr-3420	53	27	at	at	ADP
fsr-3420	53	28	the	the	DET
fsr-3420	53	29	conclusion	conclusion	NOUN
fsr-3420	53	30	that	that	SCONJ
fsr-3420	53	31	“	"	PUNCT
fsr-3420	53	32	a	a	DET
fsr-3420	53	33	first	first	ADJ
fsr-3420	53	34	-	-	PUNCT
fsr-3420	53	35	year	year	NOUN
fsr-3420	53	36	withdrawal	withdrawal	NOUN
fsr-3420	53	37	of	of	ADP
fsr-3420	53	38	4	4	NUM
fsr-3420	53	39	%	%	NOUN
fsr-3420	53	40	,	,	PUNCT
fsr-3420	53	41	followed	follow	VERB
fsr-3420	53	42	by	by	ADP
fsr-3420	53	43	inflation	inflation	NOUN
fsr-3420	53	44	-	-	PUNCT
fsr-3420	53	45	adjusted	adjust	VERB
fsr-3420	53	46	withdrawals	withdrawal	NOUN
fsr-3420	53	47	in	in	ADP
fsr-3420	53	48	subsequent	subsequent	ADJ
fsr-3420	53	49	years	year	NOUN
fsr-3420	53	50	,	,	PUNCT
fsr-3420	53	51	should	should	AUX
fsr-3420	53	52	be	be	AUX
fsr-3420	53	53	safe	safe	ADJ
fsr-3420	53	54	.	.	PUNCT
fsr-3420	53	55	”	"	PUNCT
fsr-3420	54	1	this	this	DET
fsr-3420	54	2	“	"	PUNCT
fsr-3420	54	3	4	4	NUM
fsr-3420	54	4	%	%	NOUN
fsr-3420	54	5	rule	rule	NOUN
fsr-3420	54	6	”	"	PUNCT
fsr-3420	54	7	was	be	AUX
fsr-3420	54	8	later	later	ADV
fsr-3420	54	9	reinforced	reinforce	VERB
fsr-3420	54	10	by	by	ADP
fsr-3420	54	11	a	a	DET
fsr-3420	54	12	series	series	NOUN
fsr-3420	54	13	of	of	ADP
fsr-3420	54	14	papers	paper	NOUN
fsr-3420	54	15	by	by	ADP
fsr-3420	54	16	cooley	cooley	PROPN
fsr-3420	54	17	et	et	PROPN
fsr-3420	54	18	al	al	PROPN
fsr-3420	54	19	.	.	PROPN
fsr-3420	55	1	(	(	PUNCT
fsr-3420	55	2	1998	1998	NUM
fsr-3420	55	3	,	,	PUNCT
fsr-3420	55	4	1999	1999	NUM
fsr-3420	55	5	,	,	PUNCT
fsr-3420	55	6	2003	2003	NUM
fsr-3420	55	7	,	,	PUNCT
fsr-3420	55	8	2011	2011	NUM
fsr-3420	55	9	)	)	PUNCT
fsr-3420	55	10	.	.	PUNCT
fsr-3420	56	1	these	these	DET
fsr-3420	56	2	studies	study	NOUN
fsr-3420	56	3	used	use	VERB
fsr-3420	56	4	a	a	DET
fsr-3420	56	5	more	more	ADV
fsr-3420	56	6	exhaustive	exhaustive	ADJ
fsr-3420	56	7	scope	scope	NOUN
fsr-3420	56	8	,	,	PUNCT
fsr-3420	56	9	and	and	CCONJ
fsr-3420	56	10	varying	vary	VERB
fsr-3420	56	11	conditions	condition	NOUN
fsr-3420	56	12	and	and	CCONJ
fsr-3420	56	13	assumptions	assumption	NOUN
fsr-3420	56	14	,	,	PUNCT
fsr-3420	56	15	to	to	PART
fsr-3420	56	16	confirm	confirm	VERB
fsr-3420	56	17	that	that	SCONJ
fsr-3420	56	18	this	this	DET
fsr-3420	56	19	strategy	strategy	NOUN
fsr-3420	56	20	provides	provide	VERB
fsr-3420	56	21	a	a	DET
fsr-3420	56	22	high	high	ADJ
fsr-3420	56	23	probability	probability	NOUN
fsr-3420	56	24	(	(	PUNCT
fsr-3420	56	25	85%–95	85%–95	NUM
fsr-3420	56	26	%	%	NOUN
fsr-3420	56	27	)	)	PUNCT
fsr-3420	56	28	that	that	SCONJ
fsr-3420	56	29	the	the	DET
fsr-3420	56	30	retiree	retiree	NOUN
fsr-3420	56	31	will	will	AUX
fsr-3420	56	32	not	not	PART
fsr-3420	56	33	run	run	VERB
fsr-3420	56	34	out	out	ADP
fsr-3420	56	35	of	of	ADP
fsr-3420	56	36	funds	fund	NOUN
fsr-3420	56	37	ahead	ahead	ADV
fsr-3420	56	38	of	of	ADP
fsr-3420	56	39	time	time	NOUN
fsr-3420	56	40	.	.	PUNCT
fsr-3420	57	1	the	the	DET
fsr-3420	57	2	unifying	unifying	ADJ
fsr-3420	57	3	feature	feature	NOUN
fsr-3420	57	4	of	of	ADP
fsr-3420	57	5	these	these	DET
fsr-3420	57	6	“	"	PUNCT
fsr-3420	57	7	first	first	ADJ
fsr-3420	57	8	-	-	PUNCT
fsr-3420	57	9	generation	generation	NOUN
fsr-3420	57	10	”	"	PUNCT
fsr-3420	57	11	approaches	approach	NOUN
fsr-3420	57	12	is	be	AUX
fsr-3420	57	13	that	that	SCONJ
fsr-3420	57	14	the	the	DET
fsr-3420	57	15	retiree	retiree	NOUN
fsr-3420	57	16	is	be	AUX
fsr-3420	57	17	asked	ask	VERB
fsr-3420	57	18	to	to	PART
fsr-3420	57	19	select	select	VERB
fsr-3420	57	20	a	a	DET
fsr-3420	57	21	specific	specific	ADJ
fsr-3420	57	22	withdrawal	withdrawal	NOUN
fsr-3420	57	23	amount	amount	NOUN
fsr-3420	57	24	at	at	ADP
fsr-3420	57	25	the	the	DET
fsr-3420	57	26	beginning	beginning	NOUN
fsr-3420	57	27	of	of	ADP
fsr-3420	57	28	a	a	DET
fsr-3420	57	29	very	very	ADV
fsr-3420	57	30	long	long	ADJ
fsr-3420	57	31	period	period	NOUN
fsr-3420	57	32	,	,	PUNCT
fsr-3420	57	33	and	and	CCONJ
fsr-3420	57	34	then	then	ADV
fsr-3420	57	35	she	she	PRON
fsr-3420	57	36	is	be	AUX
fsr-3420	57	37	supposed	suppose	VERB
fsr-3420	57	38	to	to	PART
fsr-3420	57	39	take	take	VERB
fsr-3420	57	40	out	out	ADP
fsr-3420	57	41	that	that	DET
fsr-3420	57	42	same	same	ADJ
fsr-3420	57	43	amount	amount	NOUN
fsr-3420	57	44	,	,	PUNCT
fsr-3420	57	45	in	in	ADP
fsr-3420	57	46	either	either	CCONJ
fsr-3420	57	47	nominal	nominal	ADJ
fsr-3420	57	48	or	or	CCONJ
fsr-3420	57	49	real	real	ADJ
fsr-3420	57	50	terms	term	NOUN
fsr-3420	57	51	,	,	PUNCT
fsr-3420	57	52	each	each	PRON
fsr-3420	57	53	and	and	CCONJ
fsr-3420	57	54	every	every	DET
fsr-3420	57	55	year	year	NOUN
fsr-3420	57	56	.	.	PUNCT
fsr-3420	58	1	this	this	DET
fsr-3420	58	2	motivated	motivated	ADJ
fsr-3420	58	3	attempts	attempt	NOUN
fsr-3420	58	4	to	to	PART
fsr-3420	58	5	develop	develop	VERB
fsr-3420	58	6	“	"	PUNCT
fsr-3420	58	7	adaptive	adaptive	ADJ
fsr-3420	58	8	”	"	PUNCT
fsr-3420	58	9	rules	rule	NOUN
fsr-3420	58	10	,	,	PUNCT
fsr-3420	58	11	where	where	SCONJ
fsr-3420	58	12	the	the	DET
fsr-3420	58	13	withdrawal	withdrawal	NOUN
fsr-3420	58	14	amount	amount	NOUN
fsr-3420	58	15	is	be	AUX
fsr-3420	58	16	modified	modify	VERB
fsr-3420	58	17	in	in	ADP
fsr-3420	58	18	some	some	DET
fsr-3420	58	19	particular	particular	ADJ
fsr-3420	58	20	way	way	NOUN
fsr-3420	58	21	depending	depend	VERB
fsr-3420	58	22	on	on	ADP
fsr-3420	58	23	the	the	DET
fsr-3420	58	24	circumstances	circumstance	NOUN
fsr-3420	58	25	faced	face	VERB
fsr-3420	58	26	in	in	ADP
fsr-3420	58	27	every	every	DET
fsr-3420	58	28	period	period	NOUN
fsr-3420	58	29	.	.	PUNCT
fsr-3420	59	1	in	in	ADP
fsr-3420	59	2	this	this	DET
fsr-3420	59	3	direction	direction	NOUN
fsr-3420	59	4	,	,	PUNCT
fsr-3420	59	5	the	the	DET
fsr-3420	59	6	field	field	NOUN
fsr-3420	59	7	has	have	AUX
fsr-3420	59	8	veritably	veritably	ADV
fsr-3420	59	9	exploded	explode	VERB
fsr-3420	59	10	in	in	ADP
fsr-3420	59	11	recent	recent	ADJ
fsr-3420	59	12	years	year	NOUN
fsr-3420	59	13	(	(	PUNCT
fsr-3420	59	14	mitchell	mitchell	PROPN
fsr-3420	59	15	&	&	CCONJ
fsr-3420	59	16	blanchett	blanchett	PROPN
fsr-3420	59	17	,	,	PUNCT
fsr-3420	59	18	2011	2011	NUM
fsr-3420	59	19	)	)	PUNCT
fsr-3420	59	20	.	.	PUNCT
fsr-3420	60	1	currently	currently	ADV
fsr-3420	60	2	there	there	PRON
fsr-3420	60	3	are	be	VERB
fsr-3420	60	4	,	,	PUNCT
fsr-3420	60	5	for	for	ADP
fsr-3420	60	6	example	example	NOUN
fsr-3420	60	7	,	,	PUNCT
fsr-3420	60	8	rules	rule	NOUN
fsr-3420	60	9	that	that	PRON
fsr-3420	60	10	modify	modify	VERB
fsr-3420	60	11	the	the	DET
fsr-3420	60	12	withdrawal	withdrawal	NOUN
fsr-3420	60	13	amount	amount	NOUN
fsr-3420	60	14	when	when	SCONJ
fsr-3420	60	15	the	the	DET
fsr-3420	60	16	rate	rate	NOUN
fsr-3420	60	17	of	of	ADP
fsr-3420	60	18	return	return	NOUN
fsr-3420	60	19	is	be	AUX
fsr-3420	60	20	negative	negative	ADJ
fsr-3420	60	21	(	(	PUNCT
fsr-3420	60	22	guyton	guyton	PROPN
fsr-3420	60	23	&	&	CCONJ
fsr-3420	60	24	klinger	klinger	PROPN
fsr-3420	60	25	,	,	PUNCT
fsr-3420	60	26	2006	2006	NUM
fsr-3420	60	27	)	)	PUNCT
fsr-3420	60	28	,	,	PUNCT
fsr-3420	60	29	or	or	CCONJ
fsr-3420	60	30	when	when	SCONJ
fsr-3420	60	31	it	it	PRON
fsr-3420	60	32	deviates	deviate	VERB
fsr-3420	60	33	too	too	ADV
fsr-3420	60	34	much	much	ADJ
fsr-3420	60	35	from	from	ADP
fsr-3420	60	36	an	an	DET
fsr-3420	60	37	98	98	NUM
fsr-3420	60	38	e.d	e.d	PROPN
fsr-3420	60	39	.	.	PROPN
fsr-3420	60	40	suarez	suarez	PROPN
fsr-3420	60	41	/	/	SYM
fsr-3420	60	42	financial	financial	ADJ
fsr-3420	60	43	services	service	NOUN
fsr-3420	60	44	review	review	VERB
fsr-3420	60	45	28	28	NUM
fsr-3420	60	46	(	(	PUNCT
fsr-3420	60	47	2020	2020	NUM
fsr-3420	60	48	)	)	PUNCT
fsr-3420	61	1	96–132	96–132	NUM
fsr-3420	61	2	average	average	ADJ
fsr-3420	61	3	value	value	NOUN
fsr-3420	61	4	(	(	PUNCT
fsr-3420	61	5	frank	frank	PROPN
fsr-3420	61	6	et	et	PROPN
fsr-3420	61	7	al	al	PROPN
fsr-3420	61	8	.	.	PROPN
fsr-3420	61	9	,	,	PUNCT
fsr-3420	61	10	2011	2011	NUM
fsr-3420	61	11	)	)	PUNCT
fsr-3420	61	12	,	,	PUNCT
fsr-3420	61	13	or	or	CCONJ
fsr-3420	61	14	when	when	SCONJ
fsr-3420	61	15	the	the	DET
fsr-3420	61	16	withdrawal	withdrawal	NOUN
fsr-3420	61	17	amount	amount	NOUN
fsr-3420	61	18	/	/	SYM
fsr-3420	61	19	rate	rate	NOUN
fsr-3420	61	20	becomes	become	VERB
fsr-3420	61	21	higher	high	ADJ
fsr-3420	61	22	than	than	ADP
fsr-3420	61	23	a	a	DET
fsr-3420	61	24	predefined	predefine	VERB
fsr-3420	61	25	number	number	NOUN
fsr-3420	61	26	(	(	PUNCT
fsr-3420	61	27	pye	pye	NOUN
fsr-3420	61	28	,	,	PUNCT
fsr-3420	61	29	2000	2000	NUM
fsr-3420	61	30	;	;	PUNCT
fsr-3420	61	31	zolt	zolt	PROPN
fsr-3420	61	32	,	,	PUNCT
fsr-3420	61	33	2013	2013	NUM
fsr-3420	61	34	)	)	PUNCT
fsr-3420	61	35	.	.	PUNCT
fsr-3420	62	1	there	there	PRON
fsr-3420	62	2	are	be	VERB
fsr-3420	62	3	rules	rule	NOUN
fsr-3420	62	4	that	that	PRON
fsr-3420	62	5	change	change	VERB
fsr-3420	62	6	the	the	DET
fsr-3420	62	7	amount	amount	NOUN
fsr-3420	62	8	every	every	DET
fsr-3420	62	9	five	five	NUM
fsr-3420	62	10	years	year	NOUN
fsr-3420	62	11	to	to	PART
fsr-3420	62	12	meet	meet	VERB
fsr-3420	62	13	withdrawal	withdrawal	NOUN
fsr-3420	62	14	rate	rate	NOUN
fsr-3420	62	15	targets	target	NOUN
fsr-3420	62	16	(	(	PUNCT
fsr-3420	62	17	spitzer	spitzer	NOUN
fsr-3420	62	18	,	,	PUNCT
fsr-3420	62	19	2008	2008	NUM
fsr-3420	62	20	)	)	PUNCT
fsr-3420	62	21	,	,	PUNCT
fsr-3420	62	22	and	and	CCONJ
fsr-3420	62	23	rules	rule	NOUN
fsr-3420	62	24	that	that	PRON
fsr-3420	62	25	change	change	VERB
fsr-3420	62	26	it	it	PRON
fsr-3420	62	27	every	every	DET
fsr-3420	62	28	year	year	NOUN
fsr-3420	62	29	depending	depend	VERB
fsr-3420	62	30	on	on	ADP
fsr-3420	62	31	the	the	DET
fsr-3420	62	32	length	length	NOUN
fsr-3420	62	33	of	of	ADP
fsr-3420	62	34	the	the	DET
fsr-3420	62	35	remaining	remain	VERB
fsr-3420	62	36	horizon	horizon	NOUN
fsr-3420	62	37	(	(	PUNCT
fsr-3420	62	38	blanchett	blanchett	PROPN
fsr-3420	62	39	&	&	CCONJ
fsr-3420	62	40	frank	frank	PROPN
fsr-3420	62	41	,	,	PUNCT
fsr-3420	62	42	2009	2009	NUM
fsr-3420	62	43	)	)	PUNCT
fsr-3420	62	44	.	.	PUNCT
fsr-3420	63	1	some	some	DET
fsr-3420	63	2	approaches	approach	NOUN
fsr-3420	63	3	incorporate	incorporate	VERB
fsr-3420	63	4	mortality	mortality	NOUN
fsr-3420	63	5	tables	table	NOUN
fsr-3420	63	6	to	to	ADP
fsr-3420	63	7	the	the	DET
fsr-3420	63	8	analysis	analysis	NOUN
fsr-3420	63	9	,	,	PUNCT
fsr-3420	63	10	including	include	VERB
fsr-3420	63	11	the	the	DET
fsr-3420	63	12	investor	investor	NOUN
fsr-3420	63	13	’s	’s	PART
fsr-3420	63	14	age	age	NOUN
fsr-3420	63	15	in	in	ADP
fsr-3420	63	16	the	the	DET
fsr-3420	63	17	calculation	calculation	NOUN
fsr-3420	63	18	of	of	ADP
fsr-3420	63	19	the	the	DET
fsr-3420	63	20	withdrawal	withdrawal	NOUN
fsr-3420	63	21	amount	amount	NOUN
fsr-3420	63	22	(	(	PUNCT
fsr-3420	63	23	stout	stout	PROPN
fsr-3420	63	24	&	&	CCONJ
fsr-3420	63	25	mitchell	mitchell	PROPN
fsr-3420	63	26	,	,	PUNCT
fsr-3420	63	27	2006	2006	NUM
fsr-3420	63	28	)	)	PUNCT
fsr-3420	63	29	,	,	PUNCT
fsr-3420	63	30	or	or	CCONJ
fsr-3420	63	31	computing	compute	VERB
fsr-3420	63	32	the	the	DET
fsr-3420	63	33	expected	expect	VERB
fsr-3420	63	34	present	present	ADJ
fsr-3420	63	35	value	value	NOUN
fsr-3420	63	36	of	of	ADP
fsr-3420	63	37	all	all	DET
fsr-3420	63	38	future	future	ADJ
fsr-3420	63	39	withdrawals	withdrawal	NOUN
fsr-3420	63	40	(	(	PUNCT
fsr-3420	63	41	mitchell	mitchell	PROPN
fsr-3420	63	42	,	,	PUNCT
fsr-3420	63	43	2011	2011	NUM
fsr-3420	63	44	;	;	PUNCT
fsr-3420	63	45	stout	stout	PROPN
fsr-3420	63	46	,	,	PUNCT
fsr-3420	63	47	2008	2008	NUM
fsr-3420	63	48	)	)	PUNCT
fsr-3420	63	49	.	.	PUNCT
fsr-3420	64	1	furthermore	furthermore	ADV
fsr-3420	64	2	,	,	PUNCT
fsr-3420	64	3	there	there	PRON
fsr-3420	64	4	are	be	VERB
fsr-3420	64	5	even	even	ADV
fsr-3420	64	6	some	some	DET
fsr-3420	64	7	approaches	approach	NOUN
fsr-3420	64	8	that	that	PRON
fsr-3420	64	9	forgo	forgo	VERB
fsr-3420	64	10	the	the	DET
fsr-3420	64	11	stability	stability	NOUN
fsr-3420	64	12	criterion	criterion	NOUN
fsr-3420	64	13	altogether	altogether	ADV
fsr-3420	64	14	,	,	PUNCT
fsr-3420	64	15	letting	let	VERB
fsr-3420	64	16	the	the	DET
fsr-3420	64	17	withdrawal	withdrawal	NOUN
fsr-3420	64	18	amount	amount	NOUN
fsr-3420	64	19	bear	bear	VERB
fsr-3420	64	20	the	the	DET
fsr-3420	64	21	brunt	brunt	NOUN
fsr-3420	64	22	of	of	ADP
fsr-3420	64	23	the	the	DET
fsr-3420	64	24	variability	variability	NOUN
fsr-3420	64	25	in	in	ADP
fsr-3420	64	26	the	the	DET
fsr-3420	64	27	rates	rate	NOUN
fsr-3420	64	28	of	of	ADP
fsr-3420	64	29	return	return	NOUN
fsr-3420	64	30	.	.	PUNCT
fsr-3420	65	1	waring	waring	NOUN
fsr-3420	65	2	and	and	CCONJ
fsr-3420	65	3	siegel	siegel	PROPN
fsr-3420	65	4	(	(	PUNCT
fsr-3420	65	5	2015	2015	NUM
fsr-3420	65	6	)	)	PUNCT
fsr-3420	65	7	,	,	PUNCT
fsr-3420	65	8	for	for	ADP
fsr-3420	65	9	example	example	NOUN
fsr-3420	65	10	,	,	PUNCT
fsr-3420	65	11	propose	propose	VERB
fsr-3420	65	12	a	a	DET
fsr-3420	65	13	rule	rule	NOUN
fsr-3420	65	14	in	in	ADP
fsr-3420	65	15	which	which	PRON
fsr-3420	65	16	“	"	PUNCT
fsr-3420	65	17	the	the	DET
fsr-3420	65	18	investor	investor	NOUN
fsr-3420	65	19	will	will	AUX
fsr-3420	65	20	receive	receive	VERB
fsr-3420	65	21	30	30	NUM
fsr-3420	65	22	years	year	NOUN
fsr-3420	65	23	of	of	ADP
fsr-3420	65	24	payments	payment	NOUN
fsr-3420	65	25	of	of	ADP
fsr-3420	65	26	varying	vary	VERB
fsr-3420	65	27	size	size	NOUN
fsr-3420	65	28	,	,	PUNCT
fsr-3420	65	29	each	each	PRON
fsr-3420	65	30	appropriate	appropriate	ADJ
fsr-3420	65	31	to	to	ADP
fsr-3420	65	32	the	the	DET
fsr-3420	65	33	then	then	ADV
fsr-3420	65	34	-	-	PUNCT
fsr-3420	65	35	current	current	ADJ
fsr-3420	65	36	value	value	NOUN
fsr-3420	65	37	of	of	ADP
fsr-3420	65	38	the	the	DET
fsr-3420	65	39	portfolio	portfolio	NOUN
fsr-3420	65	40	and	and	CCONJ
fsr-3420	65	41	the	the	DET
fsr-3420	65	42	interest	interest	NOUN
fsr-3420	65	43	rate	rate	NOUN
fsr-3420	65	44	.	.	PUNCT
fsr-3420	65	45	.	.	PUNCT
fsr-3420	65	46	.	.	PUNCT
fsr-3420	66	1	the	the	DET
fsr-3420	66	2	only	only	ADJ
fsr-3420	66	3	risk	risk	NOUN
fsr-3420	66	4	is	be	AUX
fsr-3420	66	5	to	to	ADP
fsr-3420	66	6	the	the	DET
fsr-3420	66	7	size	size	NOUN
fsr-3420	66	8	of	of	ADP
fsr-3420	66	9	each	each	DET
fsr-3420	66	10	payment	payment	NOUN
fsr-3420	66	11	,	,	PUNCT
fsr-3420	66	12	which	which	PRON
fsr-3420	66	13	will	will	AUX
fsr-3420	66	14	vary	vary	VERB
fsr-3420	66	15	.	.	PUNCT
fsr-3420	66	16	.	.	PUNCT
fsr-3420	66	17	.	.	PUNCT
fsr-3420	67	1	with	with	ADP
fsr-3420	67	2	investment	investment	NOUN
fsr-3420	67	3	results	result	NOUN
fsr-3420	67	4	.	.	PUNCT
fsr-3420	67	5	”	"	PUNCT
fsr-3420	68	1	although	although	SCONJ
fsr-3420	68	2	these	these	DET
fsr-3420	68	3	procedures	procedure	NOUN
fsr-3420	68	4	may	may	AUX
fsr-3420	68	5	have	have	VERB
fsr-3420	68	6	some	some	DET
fsr-3420	68	7	merits	merit	NOUN
fsr-3420	68	8	,	,	PUNCT
fsr-3420	68	9	we	we	PRON
fsr-3420	68	10	think	think	VERB
fsr-3420	68	11	that	that	SCONJ
fsr-3420	68	12	most	most	ADJ
fsr-3420	68	13	retirees	retiree	NOUN
fsr-3420	68	14	prefer	prefer	VERB
fsr-3420	68	15	a	a	DET
fsr-3420	68	16	stable	stable	ADJ
fsr-3420	68	17	flow	flow	NOUN
fsr-3420	68	18	of	of	ADP
fsr-3420	68	19	income	income	NOUN
fsr-3420	68	20	year	year	NOUN
fsr-3420	68	21	after	after	ADP
fsr-3420	68	22	year	year	NOUN
fsr-3420	68	23	.	.	PUNCT
fsr-3420	69	1	in	in	ADP
fsr-3420	69	2	a	a	DET
fsr-3420	69	3	sense	sense	NOUN
fsr-3420	69	4	,	,	PUNCT
fsr-3420	69	5	most	most	ADJ
fsr-3420	69	6	of	of	ADP
fsr-3420	69	7	these	these	DET
fsr-3420	69	8	methods	method	NOUN
fsr-3420	69	9	are	be	AUX
fsr-3420	69	10	just	just	ADV
fsr-3420	69	11	different	different	ADJ
fsr-3420	69	12	ways	way	NOUN
fsr-3420	69	13	of	of	ADP
fsr-3420	69	14	“	"	PUNCT
fsr-3420	69	15	hunting	hunting	NOUN
fsr-3420	69	16	”	"	PUNCT
fsr-3420	69	17	for	for	ADP
fsr-3420	69	18	one	one	NUM
fsr-3420	69	19	single	single	ADJ
fsr-3420	69	20	,	,	PUNCT
fsr-3420	69	21	elusive	elusive	ADJ
fsr-3420	69	22	number	number	NOUN
fsr-3420	69	23	:	:	PUNCT
fsr-3420	69	24	the	the	DET
fsr-3420	69	25	constant	constant	ADJ
fsr-3420	69	26	withdrawal	withdrawal	NOUN
fsr-3420	69	27	amount	amount	NOUN
fsr-3420	69	28	that	that	PRON
fsr-3420	69	29	can	can	AUX
fsr-3420	69	30	be	be	AUX
fsr-3420	69	31	used	use	VERB
fsr-3420	69	32	year	year	NOUN
fsr-3420	69	33	after	after	ADP
fsr-3420	69	34	year	year	NOUN
fsr-3420	69	35	,	,	PUNCT
fsr-3420	69	36	over	over	ADP
fsr-3420	69	37	a	a	DET
fsr-3420	69	38	certain	certain	ADJ
fsr-3420	69	39	period	period	NOUN
fsr-3420	69	40	in	in	ADP
fsr-3420	69	41	the	the	DET
fsr-3420	69	42	future	future	NOUN
fsr-3420	69	43	,	,	PUNCT
fsr-3420	69	44	without	without	ADP
fsr-3420	69	45	causing	cause	VERB
fsr-3420	69	46	neither	neither	CCONJ
fsr-3420	69	47	early	early	ADJ
fsr-3420	69	48	depletion	depletion	NOUN
fsr-3420	69	49	nor	nor	CCONJ
fsr-3420	69	50	overaccumulation	overaccumulation	NOUN
fsr-3420	69	51	.	.	PUNCT
fsr-3420	70	1	this	this	DET
fsr-3420	70	2	paper	paper	NOUN
fsr-3420	70	3	provides	provide	VERB
fsr-3420	70	4	the	the	DET
fsr-3420	70	5	historical	historical	ADJ
fsr-3420	70	6	series	series	NOUN
fsr-3420	70	7	for	for	ADP
fsr-3420	70	8	that	that	DET
fsr-3420	70	9	number	number	NOUN
fsr-3420	70	10	.	.	PUNCT
fsr-3420	71	1	3	3	X
fsr-3420	71	2	.	.	X
fsr-3420	71	3	the	the	DET
fsr-3420	71	4	perfect	perfect	ADJ
fsr-3420	71	5	withdrawal	withdrawal	NOUN
fsr-3420	71	6	amount	amount	NOUN
fsr-3420	71	7	the	the	DET
fsr-3420	71	8	perfect	perfect	ADJ
fsr-3420	71	9	withdrawal	withdrawal	NOUN
fsr-3420	71	10	amount	amount	NOUN
fsr-3420	71	11	formula	formula	NOUN
fsr-3420	71	12	can	can	AUX
fsr-3420	71	13	be	be	AUX
fsr-3420	71	14	thought	think	VERB
fsr-3420	71	15	of	of	ADP
fsr-3420	71	16	as	as	ADP
fsr-3420	71	17	a	a	DET
fsr-3420	71	18	generalization	generalization	NOUN
fsr-3420	71	19	of	of	ADP
fsr-3420	71	20	the	the	DET
fsr-3420	71	21	payment	payment	NOUN
fsr-3420	71	22	formula	formula	NOUN
fsr-3420	71	23	for	for	ADP
fsr-3420	71	24	a	a	DET
fsr-3420	71	25	fixed	fix	VERB
fsr-3420	71	26	-	-	PUNCT
fsr-3420	71	27	rate	rate	NOUN
fsr-3420	71	28	loan	loan	NOUN
fsr-3420	71	29	.	.	PUNCT
fsr-3420	72	1	in	in	ADP
fsr-3420	72	2	this	this	DET
fsr-3420	72	3	case	case	NOUN
fsr-3420	72	4	,	,	PUNCT
fsr-3420	72	5	however	however	ADV
fsr-3420	72	6	,	,	PUNCT
fsr-3420	72	7	the	the	DET
fsr-3420	72	8	rate	rate	NOUN
fsr-3420	72	9	is	be	AUX
fsr-3420	72	10	not	not	PART
fsr-3420	72	11	fixed	fix	VERB
fsr-3420	72	12	but	but	CCONJ
fsr-3420	72	13	changes	change	NOUN
fsr-3420	72	14	in	in	ADP
fsr-3420	72	15	every	every	DET
fsr-3420	72	16	period	period	NOUN
fsr-3420	72	17	,	,	PUNCT
fsr-3420	72	18	so	so	CCONJ
fsr-3420	72	19	the	the	DET
fsr-3420	72	20	simplification	simplification	NOUN
fsr-3420	72	21	allowed	allow	VERB
fsr-3420	72	22	by	by	ADP
fsr-3420	72	23	geometric	geometric	ADJ
fsr-3420	72	24	series	series	NOUN
fsr-3420	72	25	does	do	AUX
fsr-3420	72	26	not	not	PART
fsr-3420	72	27	occur	occur	VERB
fsr-3420	72	28	.	.	PUNCT
fsr-3420	73	1	also	also	ADV
fsr-3420	73	2	,	,	PUNCT
fsr-3420	73	3	here	here	ADV
fsr-3420	73	4	we	we	PRON
fsr-3420	73	5	are	be	AUX
fsr-3420	73	6	talking	talk	VERB
fsr-3420	73	7	about	about	ADP
fsr-3420	73	8	payments	payment	NOUN
fsr-3420	73	9	from	from	ADP
fsr-3420	73	10	an	an	DET
fsr-3420	73	11	investment	investment	NOUN
fsr-3420	73	12	account	account	NOUN
fsr-3420	73	13	,	,	PUNCT
fsr-3420	73	14	instead	instead	ADV
fsr-3420	73	15	of	of	ADP
fsr-3420	73	16	payments	payment	NOUN
fsr-3420	73	17	into	into	ADP
fsr-3420	73	18	a	a	DET
fsr-3420	73	19	loan	loan	NOUN
fsr-3420	73	20	that	that	PRON
fsr-3420	73	21	must	must	AUX
fsr-3420	73	22	be	be	AUX
fsr-3420	73	23	amortized	amortize	VERB
fsr-3420	73	24	.	.	PUNCT
fsr-3420	74	1	finally	finally	ADV
fsr-3420	74	2	,	,	PUNCT
fsr-3420	74	3	the	the	DET
fsr-3420	74	4	generalization	generalization	NOUN
fsr-3420	74	5	includes	include	VERB
fsr-3420	74	6	a	a	DET
fsr-3420	74	7	final	final	ADJ
fsr-3420	74	8	balance	balance	NOUN
fsr-3420	74	9	term	term	NOUN
fsr-3420	74	10	that	that	PRON
fsr-3420	74	11	must	must	AUX
fsr-3420	74	12	be	be	AUX
fsr-3420	74	13	non	non	ADJ
fsr-3420	74	14	-	-	ADJ
fsr-3420	74	15	negative	negative	ADJ
fsr-3420	74	16	,	,	PUNCT
fsr-3420	74	17	but	but	CCONJ
fsr-3420	74	18	not	not	PART
fsr-3420	74	19	necessarily	necessarily	ADV
fsr-3420	74	20	zero	zero	NUM
fsr-3420	74	21	.	.	PUNCT
fsr-3420	75	1	as	as	SCONJ
fsr-3420	75	2	shown	show	VERB
fsr-3420	75	3	in	in	ADP
fsr-3420	75	4	ssw	ssw	PROPN
fsr-3420	75	5	,	,	PUNCT
fsr-3420	75	6	this	this	DET
fsr-3420	75	7	constant	constant	ADJ
fsr-3420	75	8	value	value	NOUN
fsr-3420	75	9	is	be	AUX
fsr-3420	75	10	given	give	VERB
fsr-3420	75	11	by	by	ADP
fsr-3420	75	12	:	:	PUNCT
fsr-3420	75	13	w	w	NOUN
fsr-3420	75	14	¼	¼	NOUN
fsr-3420	75	15	ks	ks	PROPN
fsr-3420	75	16	qn	qn	PROPN
fsr-3420	75	17	i¼1	i¼1	PROPN
fsr-3420	75	18	1þ	1þ	PRON
fsr-3420	75	19	rið	rið	VERB
fsr-3420	75	20	þ	þ	PROPN
fsr-3420	75	21	�	�	PROPN
fsr-3420	75	22	ke	ke	PROPN
fsr-3420	75	23	�	�	PROPN
fsr-3420	75	24	�	�	PROPN
fsr-3420	76	1	=	=	PROPN
fsr-3420	76	2	on	on	ADP
fsr-3420	76	3	i¼1	i¼1	PROPN
fsr-3420	76	4	qn	qn	INTJ
fsr-3420	76	5	j¼1	j¼1	PROPN
fsr-3420	76	6	1þ	1þ	NUM
fsr-3420	76	7	rjð	rjð	ADJ
fsr-3420	76	8	þ	þ	NOUN
fsr-3420	76	9	(	(	PUNCT
fsr-3420	76	10	1	1	NUM
fsr-3420	76	11	)	)	PUNCT
fsr-3420	76	12	where	where	SCONJ
fsr-3420	76	13	w	w	NOUN
fsr-3420	76	14	is	be	AUX
fsr-3420	76	15	the	the	DET
fsr-3420	76	16	yearly	yearly	ADJ
fsr-3420	76	17	withdrawal	withdrawal	NOUN
fsr-3420	76	18	amount	amount	NOUN
fsr-3420	76	19	,	,	PUNCT
fsr-3420	76	20	ks	ks	PROPN
fsr-3420	76	21	is	be	AUX
fsr-3420	76	22	the	the	DET
fsr-3420	76	23	starting	start	VERB
fsr-3420	76	24	balance	balance	NOUN
fsr-3420	76	25	,	,	PUNCT
fsr-3420	76	26	ri	ri	PROPN
fsr-3420	76	27	is	be	AUX
fsr-3420	76	28	the	the	DET
fsr-3420	76	29	rate	rate	NOUN
fsr-3420	76	30	of	of	ADP
fsr-3420	76	31	return	return	NOUN
fsr-3420	76	32	in	in	ADP
fsr-3420	76	33	year	year	NOUN
fsr-3420	76	34	i	i	PRON
fsr-3420	76	35	,	,	PUNCT
fsr-3420	76	36	n	n	PROPN
fsr-3420	76	37	is	be	AUX
fsr-3420	76	38	the	the	DET
fsr-3420	76	39	planning	planning	NOUN
fsr-3420	76	40	horizon	horizon	NOUN
fsr-3420	76	41	in	in	ADP
fsr-3420	76	42	years	year	NOUN
fsr-3420	76	43	,	,	PUNCT
fsr-3420	76	44	and	and	CCONJ
fsr-3420	76	45	ke	ke	NOUN
fsr-3420	76	46	is	be	AUX
fsr-3420	76	47	the	the	DET
fsr-3420	76	48	ending	end	VERB
fsr-3420	76	49	balance	balance	NOUN
fsr-3420	76	50	sought	seek	VERB
fsr-3420	76	51	at	at	ADP
fsr-3420	76	52	the	the	DET
fsr-3420	76	53	end	end	NOUN
fsr-3420	76	54	of	of	ADP
fsr-3420	76	55	these	these	PRON
fsr-3420	76	56	n	n	NUM
fsr-3420	76	57	years	year	NOUN
fsr-3420	76	58	.	.	PUNCT
fsr-3420	77	1	this	this	DET
fsr-3420	77	2	equation	equation	NOUN
fsr-3420	77	3	shows	show	VERB
fsr-3420	77	4	that	that	SCONJ
fsr-3420	77	5	a	a	DET
fsr-3420	77	6	period	period	NOUN
fsr-3420	77	7	of	of	ADP
fsr-3420	77	8	time	time	NOUN
fsr-3420	77	9	with	with	ADP
fsr-3420	77	10	a	a	DET
fsr-3420	77	11	large	large	ADJ
fsr-3420	77	12	cumulative	cumulative	ADJ
fsr-3420	77	13	return	return	NOUN
fsr-3420	77	14	is	be	AUX
fsr-3420	77	15	not	not	PART
fsr-3420	77	16	necessarily	necessarily	ADV
fsr-3420	77	17	associated	associate	VERB
fsr-3420	77	18	with	with	ADP
fsr-3420	77	19	a	a	DET
fsr-3420	77	20	high	high	ADJ
fsr-3420	77	21	pwa	pwa	PROPN
fsr-3420	77	22	,	,	PUNCT
fsr-3420	77	23	because	because	SCONJ
fsr-3420	77	24	the	the	DET
fsr-3420	77	25	sequential	sequential	ADJ
fsr-3420	77	26	order	order	NOUN
fsr-3420	77	27	by	by	ADP
fsr-3420	77	28	which	which	PRON
fsr-3420	77	29	the	the	DET
fsr-3420	77	30	total	total	ADJ
fsr-3420	77	31	return	return	NOUN
fsr-3420	77	32	comes	come	VERB
fsr-3420	77	33	about	about	ADP
fsr-3420	77	34	is	be	AUX
fsr-3420	77	35	also	also	ADV
fsr-3420	77	36	relevant	relevant	ADJ
fsr-3420	77	37	.	.	PUNCT
fsr-3420	78	1	this	this	DET
fsr-3420	78	2	effect	effect	NOUN
fsr-3420	78	3	is	be	AUX
fsr-3420	78	4	seen	see	VERB
fsr-3420	78	5	more	more	ADV
fsr-3420	78	6	clearly	clearly	ADV
fsr-3420	78	7	by	by	ADP
fsr-3420	78	8	rewriting	rewrite	VERB
fsr-3420	78	9	eq	eq	ADP
fsr-3420	78	10	.	.	PUNCT
fsr-3420	79	1	(	(	PUNCT
fsr-3420	79	2	1	1	X
fsr-3420	79	3	)	)	PUNCT
fsr-3420	79	4	as	as	ADP
fsr-3420	79	5	:	:	PUNCT
fsr-3420	79	6	w	w	NOUN
fsr-3420	79	7	¼	¼	NOUN
fsr-3420	79	8	rnks	rnk	VERB
fsr-3420	79	9	�	�	PROPN
fsr-3420	79	10	keð	keð	ADP
fsr-3420	79	11	þ	þ	PROPN
fsr-3420	79	12	sn	sn	PROPN
fsr-3420	79	13	(	(	PUNCT
fsr-3420	79	14	2	2	NUM
fsr-3420	79	15	)	)	PUNCT
fsr-3420	79	16	where	where	SCONJ
fsr-3420	79	17	rn	rn	PROPN
fsr-3420	79	18	¼	¼	NOUN
fsr-3420	79	19	qn	qn	PROPN
fsr-3420	79	20	i¼1	i¼1	PROPN
fsr-3420	79	21	1þ	1þ	PROPN
fsr-3420	79	22	rjð	rjð	X
fsr-3420	79	23	þ	þ	NOUN
fsr-3420	79	24	is	be	AUX
fsr-3420	79	25	the	the	DET
fsr-3420	79	26	return	return	NOUN
fsr-3420	79	27	generated	generate	VERB
fsr-3420	79	28	by	by	ADP
fsr-3420	79	29	the	the	DET
fsr-3420	79	30	assets	asset	NOUN
fsr-3420	79	31	in	in	ADP
fsr-3420	79	32	the	the	DET
fsr-3420	79	33	portfolio	portfolio	NOUN
fsr-3420	79	34	over	over	ADP
fsr-3420	79	35	the	the	DET
fsr-3420	79	36	entire	entire	ADJ
fsr-3420	79	37	period	period	NOUN
fsr-3420	79	38	,	,	PUNCT
fsr-3420	79	39	and	and	CCONJ
fsr-3420	79	40	[	[	X
fsr-3420	79	41	sn	sn	NOUN
fsr-3420	79	42	¼	¼	NOUN
fsr-3420	79	43	on	on	ADP
fsr-3420	79	44	i¼1	i¼1	PROPN
fsr-3420	79	45	qn	qn	NOUN
fsr-3420	79	46	j¼i	j¼i	PROPN
fsr-3420	79	47	1þ	1þ	NOUN
fsr-3420	79	48	rjð	rjð	ADJ
fsr-3420	79	49	þ]	þ]	PROPN
fsr-3420	79	50	�	�	NOUN
fsr-3420	79	51	1	1	NUM
fsr-3420	79	52	can	can	AUX
fsr-3420	79	53	be	be	AUX
fsr-3420	79	54	interpreted	interpret	VERB
fsr-3420	79	55	as	as	ADP
fsr-3420	79	56	an	an	DET
fsr-3420	79	57	“	"	PUNCT
fsr-3420	79	58	adjustment	adjustment	NOUN
fsr-3420	79	59	”	"	PUNCT
fsr-3420	79	60	applied	apply	VERB
fsr-3420	79	61	to	to	ADP
fsr-3420	79	62	this	this	DET
fsr-3420	79	63	total	total	ADJ
fsr-3420	79	64	return	return	NOUN
fsr-3420	79	65	to	to	PART
fsr-3420	79	66	take	take	VERB
fsr-3420	79	67	into	into	ADP
fsr-3420	79	68	account	account	NOUN
fsr-3420	79	69	the	the	DET
fsr-3420	79	70	specific	specific	ADJ
fsr-3420	79	71	sequence	sequence	NOUN
fsr-3420	79	72	of	of	ADP
fsr-3420	79	73	period	period	NOUN
fsr-3420	79	74	-	-	PUNCT
fsr-3420	79	75	by	by	ADP
fsr-3420	79	76	-	-	PUNCT
fsr-3420	79	77	period	period	NOUN
fsr-3420	79	78	return	return	NOUN
fsr-3420	79	79	rates	rate	NOUN
fsr-3420	79	80	that	that	PRON
fsr-3420	79	81	produced	produce	VERB
fsr-3420	79	82	it	it	PRON
fsr-3420	79	83	.	.	PUNCT
fsr-3420	80	1	the	the	DET
fsr-3420	80	2	expression	expression	NOUN
fsr-3420	80	3	sn	sn	PROPN
fsr-3420	80	4	is	be	AUX
fsr-3420	80	5	what	what	PRON
fsr-3420	80	6	we	we	PRON
fsr-3420	80	7	call	call	VERB
fsr-3420	80	8	sequencing	sequence	VERB
fsr-3420	80	9	factor	factor	NOUN
fsr-3420	80	10	.	.	PUNCT
fsr-3420	81	1	e.d	e.d	PROPN
fsr-3420	81	2	.	.	PROPN
fsr-3420	81	3	suarez	suarez	PROPN
fsr-3420	81	4	/	/	SYM
fsr-3420	81	5	financial	financial	ADJ
fsr-3420	81	6	services	service	NOUN
fsr-3420	81	7	review	review	VERB
fsr-3420	81	8	28	28	NUM
fsr-3420	81	9	(	(	PUNCT
fsr-3420	81	10	2020	2020	NUM
fsr-3420	81	11	)	)	PUNCT
fsr-3420	82	1	96–132	96–132	NUM
fsr-3420	82	2	99	99	NUM
fsr-3420	82	3	ordering	ordering	NOUN
fsr-3420	82	4	matters	matter	NOUN
fsr-3420	82	5	,	,	PUNCT
fsr-3420	82	6	of	of	ADP
fsr-3420	82	7	course	course	NOUN
fsr-3420	82	8	,	,	PUNCT
fsr-3420	82	9	because	because	SCONJ
fsr-3420	82	10	for	for	ADP
fsr-3420	82	11	an	an	DET
fsr-3420	82	12	investment	investment	NOUN
fsr-3420	82	13	account	account	NOUN
fsr-3420	82	14	that	that	PRON
fsr-3420	82	15	is	be	AUX
fsr-3420	82	16	constantly	constantly	ADV
fsr-3420	82	17	drawn	draw	VERB
fsr-3420	82	18	down	down	ADP
fsr-3420	82	19	—	—	PUNCT
fsr-3420	82	20	as	as	SCONJ
fsr-3420	82	21	is	be	AUX
fsr-3420	82	22	the	the	DET
fsr-3420	82	23	case	case	NOUN
fsr-3420	82	24	in	in	ADP
fsr-3420	82	25	the	the	DET
fsr-3420	82	26	retirement	retirement	NOUN
fsr-3420	82	27	stage	stage	NOUN
fsr-3420	82	28	—	—	PUNCT
fsr-3420	82	29	getting	get	VERB
fsr-3420	82	30	high	high	ADJ
fsr-3420	82	31	rates	rate	NOUN
fsr-3420	82	32	at	at	ADP
fsr-3420	82	33	the	the	DET
fsr-3420	82	34	beginning	beginning	NOUN
fsr-3420	82	35	and	and	CCONJ
fsr-3420	82	36	low	low	ADJ
fsr-3420	82	37	rates	rate	NOUN
fsr-3420	82	38	later	later	ADV
fsr-3420	82	39	on	on	ADV
fsr-3420	82	40	is	be	AUX
fsr-3420	82	41	better	well	ADJ
fsr-3420	82	42	than	than	ADP
fsr-3420	82	43	the	the	DET
fsr-3420	82	44	other	other	ADJ
fsr-3420	82	45	way	way	NOUN
fsr-3420	82	46	around	around	ADV
fsr-3420	82	47	,	,	PUNCT
fsr-3420	82	48	because	because	SCONJ
fsr-3420	82	49	if	if	SCONJ
fsr-3420	82	50	the	the	DET
fsr-3420	82	51	high	high	ADJ
fsr-3420	82	52	rates	rate	NOUN
fsr-3420	82	53	come	come	VERB
fsr-3420	82	54	early	early	ADV
fsr-3420	82	55	they	they	PRON
fsr-3420	82	56	will	will	AUX
fsr-3420	82	57	impact	impact	VERB
fsr-3420	82	58	a	a	DET
fsr-3420	82	59	larger	large	ADJ
fsr-3420	82	60	balance	balance	NOUN
fsr-3420	82	61	.	.	PUNCT
fsr-3420	83	1	a	a	DET
fsr-3420	83	2	closer	close	ADJ
fsr-3420	83	3	inspection	inspection	NOUN
fsr-3420	83	4	of	of	ADP
fsr-3420	83	5	the	the	DET
fsr-3420	83	6	sequencing	sequence	VERB
fsr-3420	83	7	factor	factor	NOUN
fsr-3420	83	8	formula	formula	NOUN
fsr-3420	83	9	shows	show	VERB
fsr-3420	83	10	how	how	SCONJ
fsr-3420	83	11	this	this	DET
fsr-3420	83	12	feature	feature	NOUN
fsr-3420	83	13	is	be	AUX
fsr-3420	83	14	captured	capture	VERB
fsr-3420	83	15	by	by	ADP
fsr-3420	83	16	our	our	PRON
fsr-3420	83	17	measure	measure	NOUN
fsr-3420	83	18	:	:	PUNCT
fsr-3420	83	19	sn	sn	PROPN
fsr-3420	83	20	¼	¼	NOUN
fsr-3420	83	21	½on	½on	PROPN
fsr-3420	83	22	i¼1	i¼1	NOUN
fsr-3420	83	23	qn	qn	NOUN
fsr-3420	83	24	i¼1	i¼1	PROPN
fsr-3420	83	25	1þ	1þ	PROPN
fsr-3420	83	26	rjð	rjð	PROPN
fsr-3420	83	27	þ	þ	PROPN
fsr-3420	83	28	�	�	PROPN
fsr-3420	83	29	�	�	PROPN
fsr-3420	83	30	1	1	NUM
fsr-3420	83	31	¼	¼	NOUN
fsr-3420	83	32	½	½	NOUN
fsr-3420	83	33	1þ	1þ	NOUN
fsr-3420	83	34	r1ð	r1ð	ADV
fsr-3420	83	35	þ	þ	NOUN
fsr-3420	83	36	1þ	1þ	NUM
fsr-3420	83	37	r2ð	r2ð	NOUN
fsr-3420	83	38	þ	þ	NOUN
fsr-3420	83	39	1þ	1þ	NUM
fsr-3420	83	40	r3ð	r3ð	ADJ
fsr-3420	83	41	þ	þ	INTJ
fsr-3420	83	42	.	.	PUNCT
fsr-3420	83	43	.	.	PUNCT
fsr-3420	84	1	.	.	PUNCT
fsr-3420	85	1	1þ	1þ	PRON
fsr-3420	85	2	rnð	rnð	VERB
fsr-3420	85	3	þþ	þþ	NOUN
fsr-3420	85	4	1þ	1þ	NOUN
fsr-3420	85	5	r2ð	r2ð	NOUN
fsr-3420	85	6	þ	þ	NOUN
fsr-3420	85	7	1þ	1þ	NUM
fsr-3420	86	1	r3ð	r3ð	ADJ
fsr-3420	86	2	þ	þ	INTJ
fsr-3420	86	3	.	.	PUNCT
fsr-3420	86	4	.	.	PUNCT
fsr-3420	86	5	.	.	PUNCT
fsr-3420	87	1	1þ	1þ	PRON
fsr-3420	87	2	rnð	rnð	NOUN
fsr-3420	88	1	þþ	þþ	NOUN
fsr-3420	88	2	1þ	1þ	NUM
fsr-3420	89	1	r3ð	r3ð	ADJ
fsr-3420	89	2	þ	þ	NOUN
fsr-3420	89	3	1þ	1þ	PRON
fsr-3420	89	4	r4ð	r4ð	NOUN
fsr-3420	89	5	þ	þ	NOUN
fsr-3420	89	6	.	.	PUNCT
fsr-3420	89	7	.	.	PUNCT
fsr-3420	89	8	.	.	PUNCT
fsr-3420	90	1	1þ	1þ	PRON
fsr-3420	90	2	rnð	rnð	NOUN
fsr-3420	90	3	þþ	þþ	PROPN
fsr-3420	90	4	.	.	PUNCT
fsr-3420	90	5	.	.	PUNCT
fsr-3420	91	1	.þ	.þ	PROPN
fsr-3420	92	1	1þ	1þ	NUM
fsr-3420	92	2	rn	rn	PROPN
fsr-3420	92	3	�	�	PROPN
fsr-3420	92	4	1ð	1ð	PROPN
fsr-3420	93	1	þ	þ	PROPN
fsr-3420	93	2	1þ	1þ	NUM
fsr-3420	93	3	rnð	rnð	NOUN
fsr-3420	93	4	þþ	þþ	PROPN
fsr-3420	93	5	1þ	1þ	PROPN
fsr-3420	93	6	rnð	rnð	PROPN
fsr-3420	93	7	þ	þ	PROPN
fsr-3420	93	8	�	�	PROPN
fsr-3420	93	9	�	�	PROPN
fsr-3420	93	10	1	1	NUM
fsr-3420	93	11	(	(	PUNCT
fsr-3420	93	12	3	3	NUM
fsr-3420	93	13	)	)	PUNCT
fsr-3420	93	14	we	we	PRON
fsr-3420	93	15	note	note	VERB
fsr-3420	93	16	that	that	SCONJ
fsr-3420	93	17	the	the	DET
fsr-3420	93	18	rates	rate	NOUN
fsr-3420	93	19	that	that	PRON
fsr-3420	93	20	come	come	VERB
fsr-3420	93	21	later	later	ADV
fsr-3420	93	22	in	in	ADP
fsr-3420	93	23	the	the	DET
fsr-3420	93	24	sequence	sequence	NOUN
fsr-3420	93	25	(	(	PUNCT
fsr-3420	93	26	higher	high	ADJ
fsr-3420	93	27	index	index	NOUN
fsr-3420	93	28	number	number	NOUN
fsr-3420	93	29	)	)	PUNCT
fsr-3420	93	30	appear	appear	VERB
fsr-3420	93	31	more	more	ADJ
fsr-3420	93	32	times	time	NOUN
fsr-3420	93	33	in	in	ADP
fsr-3420	93	34	the	the	DET
fsr-3420	93	35	summation	summation	NOUN
fsr-3420	93	36	than	than	ADP
fsr-3420	93	37	the	the	DET
fsr-3420	93	38	rates	rate	NOUN
fsr-3420	93	39	that	that	PRON
fsr-3420	93	40	come	come	VERB
fsr-3420	93	41	sooner	soon	ADV
fsr-3420	93	42	.	.	PUNCT
fsr-3420	94	1	because	because	SCONJ
fsr-3420	94	2	sn	sn	PROPN
fsr-3420	94	3	is	be	AUX
fsr-3420	94	4	the	the	DET
fsr-3420	94	5	reciprocal	reciprocal	NOUN
fsr-3420	94	6	of	of	ADP
fsr-3420	94	7	the	the	DET
fsr-3420	94	8	summation	summation	NOUN
fsr-3420	94	9	,	,	PUNCT
fsr-3420	94	10	this	this	PRON
fsr-3420	94	11	means	mean	VERB
fsr-3420	94	12	that	that	SCONJ
fsr-3420	94	13	if	if	SCONJ
fsr-3420	94	14	we	we	PRON
fsr-3420	94	15	take	take	VERB
fsr-3420	94	16	a	a	DET
fsr-3420	94	17	set	set	NOUN
fsr-3420	94	18	of	of	ADP
fsr-3420	94	19	return	return	NOUN
fsr-3420	94	20	rates	rate	NOUN
fsr-3420	94	21	(	(	PUNCT
fsr-3420	94	22	unordered	unordered	ADJ
fsr-3420	94	23	)	)	PUNCT
fsr-3420	94	24	and	and	CCONJ
fsr-3420	94	25	arrange	arrange	VERB
fsr-3420	94	26	it	it	PRON
fsr-3420	94	27	into	into	ADP
fsr-3420	94	28	a	a	DET
fsr-3420	94	29	sequence	sequence	NOUN
fsr-3420	94	30	(	(	PUNCT
fsr-3420	94	31	ordered	order	VERB
fsr-3420	94	32	)	)	PUNCT
fsr-3420	94	33	,	,	PUNCT
fsr-3420	94	34	we	we	PRON
fsr-3420	94	35	can	can	AUX
fsr-3420	94	36	increase	increase	VERB
fsr-3420	94	37	the	the	DET
fsr-3420	94	38	value	value	NOUN
fsr-3420	94	39	of	of	ADP
fsr-3420	94	40	sn	sn	NOUN
fsr-3420	94	41	by	by	ADP
fsr-3420	94	42	swapping	swap	VERB
fsr-3420	94	43	any	any	DET
fsr-3420	94	44	pair	pair	NOUN
fsr-3420	94	45	of	of	ADP
fsr-3420	94	46	rates	rate	NOUN
fsr-3420	94	47	so	so	SCONJ
fsr-3420	94	48	that	that	SCONJ
fsr-3420	94	49	the	the	DET
fsr-3420	94	50	larger	large	ADJ
fsr-3420	94	51	of	of	ADP
fsr-3420	94	52	the	the	DET
fsr-3420	94	53	two	two	NUM
fsr-3420	94	54	figures	figure	NOUN
fsr-3420	94	55	comes	come	VERB
fsr-3420	94	56	before	before	ADP
fsr-3420	94	57	the	the	DET
fsr-3420	94	58	lower	low	ADJ
fsr-3420	94	59	one1	one1	PROPN
fsr-3420	94	60	.	.	PUNCT
fsr-3420	95	1	therefore	therefore	ADV
fsr-3420	95	2	,	,	PUNCT
fsr-3420	95	3	as	as	SCONJ
fsr-3420	95	4	it	it	PRON
fsr-3420	95	5	should	should	AUX
fsr-3420	95	6	,	,	PUNCT
fsr-3420	95	7	the	the	DET
fsr-3420	95	8	value	value	NOUN
fsr-3420	95	9	of	of	ADP
fsr-3420	95	10	sn	sn	PROPN
fsr-3420	95	11	is	be	AUX
fsr-3420	95	12	higher	high	ADJ
fsr-3420	95	13	when	when	SCONJ
fsr-3420	95	14	the	the	DET
fsr-3420	95	15	sequence	sequence	NOUN
fsr-3420	95	16	is	be	AUX
fsr-3420	95	17	“	"	PUNCT
fsr-3420	95	18	better	well	ADJ
fsr-3420	95	19	.	.	PUNCT
fsr-3420	95	20	”	"	PUNCT
fsr-3420	96	1	the	the	DET
fsr-3420	96	2	next	next	ADJ
fsr-3420	96	3	step	step	NOUN
fsr-3420	96	4	in	in	ADP
fsr-3420	96	5	the	the	DET
fsr-3420	96	6	pwa	pwa	PROPN
fsr-3420	96	7	approach	approach	NOUN
fsr-3420	96	8	is	be	AUX
fsr-3420	96	9	just	just	ADV
fsr-3420	96	10	to	to	PART
fsr-3420	96	11	realize	realize	VERB
fsr-3420	96	12	that	that	PRON
fsr-3420	96	13	eq	eq	ADP
fsr-3420	96	14	.	.	PUNCT
fsr-3420	97	1	(	(	PUNCT
fsr-3420	97	2	1	1	X
fsr-3420	97	3	)	)	PUNCT
fsr-3420	97	4	defines	define	VERB
fsr-3420	97	5	a	a	DET
fsr-3420	97	6	stochastic	stochastic	ADJ
fsr-3420	97	7	variable	variable	NOUN
fsr-3420	97	8	.	.	PUNCT
fsr-3420	98	1	that	that	PRON
fsr-3420	98	2	is	be	AUX
fsr-3420	98	3	,	,	PUNCT
fsr-3420	98	4	since	since	SCONJ
fsr-3420	98	5	the	the	DET
fsr-3420	98	6	rate	rate	NOUN
fsr-3420	98	7	of	of	ADP
fsr-3420	98	8	return	return	NOUN
fsr-3420	98	9	is	be	AUX
fsr-3420	98	10	a	a	DET
fsr-3420	98	11	random	random	ADJ
fsr-3420	98	12	variable	variable	NOUN
fsr-3420	98	13	,	,	PUNCT
fsr-3420	98	14	the	the	DET
fsr-3420	98	15	pwa	pwa	PROPN
fsr-3420	98	16	measure	measure	NOUN
fsr-3420	98	17	is	be	AUX
fsr-3420	98	18	a	a	DET
fsr-3420	98	19	random	random	ADJ
fsr-3420	98	20	variable	variable	NOUN
fsr-3420	98	21	as	as	ADV
fsr-3420	98	22	well	well	ADV
fsr-3420	98	23	.	.	PUNCT
fsr-3420	99	1	in	in	ADP
fsr-3420	99	2	that	that	DET
fsr-3420	99	3	sense	sense	NOUN
fsr-3420	99	4	,	,	PUNCT
fsr-3420	99	5	the	the	DET
fsr-3420	99	6	results	result	NOUN
fsr-3420	99	7	presented	present	VERB
fsr-3420	99	8	here	here	ADV
fsr-3420	99	9	can	can	AUX
fsr-3420	99	10	be	be	AUX
fsr-3420	99	11	considered	consider	VERB
fsr-3420	99	12	as	as	ADP
fsr-3420	99	13	snapshots	snapshot	NOUN
fsr-3420	99	14	of	of	ADP
fsr-3420	99	15	a	a	DET
fsr-3420	99	16	stochastic	stochastic	ADJ
fsr-3420	99	17	process	process	NOUN
fsr-3420	99	18	that	that	PRON
fsr-3420	99	19	could	could	AUX
fsr-3420	99	20	have	have	AUX
fsr-3420	99	21	given	give	VERB
fsr-3420	99	22	us	we	PRON
fsr-3420	99	23	other	other	ADJ
fsr-3420	99	24	values	value	NOUN
fsr-3420	99	25	as	as	ADP
fsr-3420	99	26	observations	observation	NOUN
fsr-3420	99	27	.	.	PUNCT
fsr-3420	100	1	the	the	DET
fsr-3420	100	2	purpose	purpose	NOUN
fsr-3420	100	3	of	of	ADP
fsr-3420	100	4	this	this	DET
fsr-3420	100	5	paper	paper	NOUN
fsr-3420	100	6	is	be	AUX
fsr-3420	100	7	to	to	PART
fsr-3420	100	8	examine	examine	VERB
fsr-3420	100	9	those	those	DET
fsr-3420	100	10	values	value	NOUN
fsr-3420	100	11	—	—	PUNCT
fsr-3420	100	12	the	the	DET
fsr-3420	100	13	ones	one	NOUN
fsr-3420	100	14	that	that	PRON
fsr-3420	100	15	actually	actually	ADV
fsr-3420	100	16	came	come	VERB
fsr-3420	100	17	up	up	ADP
fsr-3420	100	18	and	and	CCONJ
fsr-3420	100	19	became	become	VERB
fsr-3420	100	20	observable	observable	ADJ
fsr-3420	100	21	—	—	PUNCT
fsr-3420	100	22	to	to	PART
fsr-3420	100	23	derive	derive	VERB
fsr-3420	100	24	insights	insight	NOUN
fsr-3420	100	25	for	for	ADP
fsr-3420	100	26	the	the	DET
fsr-3420	100	27	management	management	NOUN
fsr-3420	100	28	of	of	ADP
fsr-3420	100	29	retirement	retirement	NOUN
fsr-3420	100	30	accounts	account	NOUN
fsr-3420	100	31	.	.	PUNCT
fsr-3420	101	1	4	4	X
fsr-3420	101	2	.	.	X
fsr-3420	101	3	the	the	DET
fsr-3420	101	4	data	datum	NOUN
fsr-3420	101	5	for	for	ADP
fsr-3420	101	6	all	all	DET
fsr-3420	101	7	the	the	DET
fsr-3420	101	8	calculations	calculation	NOUN
fsr-3420	101	9	in	in	ADP
fsr-3420	101	10	this	this	DET
fsr-3420	101	11	paper	paper	NOUN
fsr-3420	101	12	we	we	PRON
fsr-3420	101	13	use	use	VERB
fsr-3420	101	14	data	datum	NOUN
fsr-3420	101	15	from	from	ADP
fsr-3420	101	16	ibbotson	ibbotson	PROPN
fsr-3420	101	17	sbbi	sbbi	ADJ
fsr-3420	101	18	classic	classic	ADJ
fsr-3420	101	19	yearbook	yearbook	NOUN
fsr-3420	101	20	,	,	PUNCT
fsr-3420	101	21	2015	2015	NUM
fsr-3420	101	22	edition	edition	NOUN
fsr-3420	101	23	.	.	PUNCT
fsr-3420	102	1	specifically	specifically	ADV
fsr-3420	102	2	,	,	PUNCT
fsr-3420	102	3	we	we	PRON
fsr-3420	102	4	use	use	VERB
fsr-3420	102	5	the	the	DET
fsr-3420	102	6	series	series	NOUN
fsr-3420	102	7	“	"	PUNCT
fsr-3420	102	8	large	large	ADJ
fsr-3420	102	9	-	-	PUNCT
fsr-3420	102	10	capitalization	capitalization	NOUN
fsr-3420	102	11	stocks	stock	NOUN
fsr-3420	102	12	:	:	PUNCT
fsr-3420	102	13	total	total	ADJ
fsr-3420	102	14	returns	return	NOUN
fsr-3420	102	15	”	"	PUNCT
fsr-3420	102	16	as	as	ADP
fsr-3420	102	17	the	the	DET
fsr-3420	102	18	monthly	monthly	ADJ
fsr-3420	102	19	return	return	NOUN
fsr-3420	102	20	on	on	ADP
fsr-3420	102	21	stocks	stock	NOUN
fsr-3420	102	22	,	,	PUNCT
fsr-3420	102	23	and	and	CCONJ
fsr-3420	102	24	“	"	PUNCT
fsr-3420	102	25	intermediate	intermediate	ADJ
fsr-3420	102	26	-	-	PUNCT
fsr-3420	102	27	term	term	NOUN
fsr-3420	102	28	government	government	NOUN
fsr-3420	102	29	bonds	bond	NOUN
fsr-3420	102	30	:	:	PUNCT
fsr-3420	102	31	total	total	ADJ
fsr-3420	102	32	returns	return	NOUN
fsr-3420	102	33	”	"	PUNCT
fsr-3420	102	34	as	as	ADP
fsr-3420	102	35	the	the	DET
fsr-3420	102	36	monthly	monthly	ADJ
fsr-3420	102	37	return	return	NOUN
fsr-3420	102	38	on	on	ADP
fsr-3420	102	39	bonds	bond	NOUN
fsr-3420	102	40	.	.	PUNCT
fsr-3420	103	1	all	all	DET
fsr-3420	103	2	the	the	DET
fsr-3420	103	3	rates	rate	NOUN
fsr-3420	103	4	of	of	ADP
fsr-3420	103	5	return	return	NOUN
fsr-3420	103	6	are	be	AUX
fsr-3420	103	7	deflated	deflate	VERB
fsr-3420	103	8	using	use	VERB
fsr-3420	103	9	cpi	cpi	PROPN
fsr-3420	103	10	-	-	PUNCT
fsr-3420	103	11	u	u	NOUN
fsr-3420	103	12	to	to	PART
fsr-3420	103	13	obtain	obtain	VERB
fsr-3420	103	14	real	real	ADJ
fsr-3420	103	15	-	-	PUNCT
fsr-3420	103	16	term	term	NOUN
fsr-3420	103	17	yields	yield	NOUN
fsr-3420	103	18	.	.	PUNCT
fsr-3420	104	1	because	because	SCONJ
fsr-3420	104	2	we	we	PRON
fsr-3420	104	3	use	use	VERB
fsr-3420	104	4	real	real	ADJ
fsr-3420	104	5	-	-	PUNCT
fsr-3420	104	6	term	term	NOUN
fsr-3420	104	7	returns	return	NOUN
fsr-3420	104	8	throughout	throughout	ADP
fsr-3420	104	9	,	,	PUNCT
fsr-3420	104	10	the	the	DET
fsr-3420	104	11	withdrawal	withdrawal	NOUN
fsr-3420	104	12	amounts	amount	VERB
fsr-3420	104	13	that	that	SCONJ
fsr-3420	104	14	we	we	PRON
fsr-3420	104	15	obtain	obtain	VERB
fsr-3420	104	16	are	be	AUX
fsr-3420	104	17	constant	constant	ADJ
fsr-3420	104	18	in	in	ADP
fsr-3420	104	19	terms	term	NOUN
fsr-3420	104	20	of	of	ADP
fsr-3420	104	21	the	the	DET
fsr-3420	104	22	purchasing	purchase	VERB
fsr-3420	104	23	power	power	NOUN
fsr-3420	104	24	they	they	PRON
fsr-3420	104	25	provide	provide	VERB
fsr-3420	104	26	(	(	PUNCT
fsr-3420	104	27	the	the	DET
fsr-3420	104	28	initial	initial	ADJ
fsr-3420	104	29	withdrawal	withdrawal	NOUN
fsr-3420	104	30	amount	amount	NOUN
fsr-3420	104	31	is	be	AUX
fsr-3420	104	32	adjusted	adjust	VERB
fsr-3420	104	33	for	for	ADP
fsr-3420	104	34	inflation	inflation	NOUN
fsr-3420	104	35	in	in	ADP
fsr-3420	104	36	every	every	DET
fsr-3420	104	37	period	period	NOUN
fsr-3420	104	38	)	)	PUNCT
fsr-3420	104	39	and	and	CCONJ
fsr-3420	104	40	the	the	DET
fsr-3420	104	41	desired	desire	VERB
fsr-3420	104	42	ending	ending	NOUN
fsr-3420	104	43	balance	balance	NOUN
fsr-3420	104	44	is	be	AUX
fsr-3420	104	45	attained	attain	VERB
fsr-3420	104	46	in	in	ADP
fsr-3420	104	47	real	real	ADJ
fsr-3420	104	48	terms	term	NOUN
fsr-3420	104	49	as	as	ADV
fsr-3420	104	50	well	well	ADV
fsr-3420	104	51	.	.	PUNCT
fsr-3420	105	1	to	to	PART
fsr-3420	105	2	provide	provide	VERB
fsr-3420	105	3	perspective	perspective	NOUN
fsr-3420	105	4	for	for	ADP
fsr-3420	105	5	the	the	DET
fsr-3420	105	6	results	result	NOUN
fsr-3420	105	7	of	of	ADP
fsr-3420	105	8	this	this	DET
fsr-3420	105	9	study	study	NOUN
fsr-3420	105	10	,	,	PUNCT
fsr-3420	105	11	it	it	PRON
fsr-3420	105	12	is	be	AUX
fsr-3420	105	13	instructive	instructive	ADJ
fsr-3420	105	14	to	to	PART
fsr-3420	105	15	review	review	VERB
fsr-3420	105	16	these	these	DET
fsr-3420	105	17	return	return	NOUN
fsr-3420	105	18	figures	figure	NOUN
fsr-3420	105	19	briefly	briefly	ADV
fsr-3420	105	20	.	.	PUNCT
fsr-3420	106	1	the	the	DET
fsr-3420	106	2	geometric	geometric	ADJ
fsr-3420	106	3	average	average	NOUN
fsr-3420	106	4	of	of	ADP
fsr-3420	106	5	the	the	DET
fsr-3420	106	6	real	real	ADJ
fsr-3420	106	7	monthly	monthly	ADJ
fsr-3420	106	8	rate	rate	NOUN
fsr-3420	106	9	of	of	ADP
fsr-3420	106	10	return	return	NOUN
fsr-3420	106	11	for	for	ADP
fsr-3420	106	12	stocks	stock	NOUN
fsr-3420	106	13	over	over	ADP
fsr-3420	106	14	the	the	DET
fsr-3420	106	15	entire	entire	ADJ
fsr-3420	106	16	period	period	NOUN
fsr-3420	106	17	spanning	span	VERB
fsr-3420	106	18	from	from	ADP
fsr-3420	106	19	january	january	PROPN
fsr-3420	106	20	1926	1926	NUM
fsr-3420	106	21	through	through	ADP
fsr-3420	106	22	december	december	PROPN
fsr-3420	106	23	2014	2014	NUM
fsr-3420	106	24	(	(	PUNCT
fsr-3420	106	25	1,068months	1,068months	NUM
fsr-3420	106	26	)	)	PUNCT
fsr-3420	106	27	was	be	AUX
fsr-3420	106	28	0.56	0.56	NUM
fsr-3420	106	29	%	%	NOUN
fsr-3420	106	30	(	(	PUNCT
fsr-3420	106	31	6.98	6.98	NUM
fsr-3420	106	32	%	%	NOUN
fsr-3420	106	33	annualized	annualize	VERB
fsr-3420	106	34	)	)	PUNCT
fsr-3420	106	35	,	,	PUNCT
fsr-3420	106	36	with	with	ADP
fsr-3420	106	37	a	a	DET
fsr-3420	106	38	minimum	minimum	NOUN
fsr-3420	106	39	of	of	ADP
fsr-3420	106	40	�	�	NOUN
fsr-3420	106	41	29.26	29.26	NUM
fsr-3420	106	42	%	%	NOUN
fsr-3420	106	43	(	(	PUNCT
fsr-3420	106	44	in	in	ADP
fsr-3420	106	45	september	september	PROPN
fsr-3420	106	46	1931	1931	NUM
fsr-3420	106	47	)	)	PUNCT
fsr-3420	106	48	and	and	CCONJ
fsr-3420	106	49	a	a	DET
fsr-3420	106	50	maximum	maximum	NOUN
fsr-3420	106	51	of	of	ADP
fsr-3420	106	52	42.56	42.56	NUM
fsr-3420	106	53	%	%	NOUN
fsr-3420	106	54	(	(	PUNCT
fsr-3420	106	55	in	in	ADP
fsr-3420	106	56	april	april	PROPN
fsr-3420	106	57	1933	1933	NUM
fsr-3420	106	58	)	)	PUNCT
fsr-3420	106	59	.	.	PUNCT
fsr-3420	107	1	the	the	DET
fsr-3420	107	2	arithmetic	arithmetic	ADJ
fsr-3420	107	3	mean	mean	NOUN
fsr-3420	107	4	was	be	AUX
fsr-3420	107	5	0.71	0.71	NUM
fsr-3420	107	6	%	%	NOUN
fsr-3420	107	7	,	,	PUNCT
fsr-3420	107	8	and	and	CCONJ
fsr-3420	107	9	the	the	DET
fsr-3420	107	10	standard	standard	ADJ
fsr-3420	107	11	deviation	deviation	NOUN
fsr-3420	107	12	was	be	AUX
fsr-3420	107	13	5.47	5.47	NUM
fsr-3420	107	14	percentage	percentage	NOUN
fsr-3420	107	15	points	point	NOUN
fsr-3420	107	16	.	.	PUNCT
fsr-3420	108	1	in	in	ADP
fsr-3420	108	2	the	the	DET
fsr-3420	108	3	case	case	NOUN
fsr-3420	108	4	of	of	ADP
fsr-3420	108	5	bonds	bond	NOUN
fsr-3420	108	6	,	,	PUNCT
fsr-3420	108	7	the	the	DET
fsr-3420	108	8	geometric	geometric	ADJ
fsr-3420	108	9	average	average	NOUN
fsr-3420	108	10	of	of	ADP
fsr-3420	108	11	the	the	DET
fsr-3420	108	12	real	real	ADJ
fsr-3420	108	13	monthly	monthly	ADJ
fsr-3420	108	14	return	return	NOUN
fsr-3420	108	15	over	over	ADP
fsr-3420	108	16	the	the	DET
fsr-3420	108	17	89	89	NUM
fsr-3420	108	18	-	-	PUNCT
fsr-3420	108	19	year	year	NOUN
fsr-3420	108	20	period	period	NOUN
fsr-3420	108	21	was	be	AUX
fsr-3420	108	22	0.18	0.18	NUM
fsr-3420	108	23	%	%	NOUN
fsr-3420	108	24	(	(	PUNCT
fsr-3420	108	25	2.24	2.24	NUM
fsr-3420	108	26	%	%	NOUN
fsr-3420	108	27	annualized	annualize	VERB
fsr-3420	108	28	)	)	PUNCT
fsr-3420	108	29	.	.	PUNCT
fsr-3420	109	1	the	the	DET
fsr-3420	109	2	minimum	minimum	ADJ
fsr-3420	109	3	value	value	NOUN
fsr-3420	109	4	was	be	AUX
fsr-3420	109	5	�	�	NOUN
fsr-3420	109	6	7.71	7.71	NUM
fsr-3420	109	7	%	%	NOUN
fsr-3420	109	8	(	(	PUNCT
fsr-3420	109	9	february	february	NOUN
fsr-3420	109	10	1980	1980	NUM
fsr-3420	109	11	)	)	PUNCT
fsr-3420	109	12	,	,	PUNCT
fsr-3420	109	13	and	and	CCONJ
fsr-3420	109	14	the	the	DET
fsr-3420	109	15	maximum	maximum	NOUN
fsr-3420	109	16	was	be	AUX
fsr-3420	109	17	10.74	10.74	NUM
fsr-3420	109	18	%	%	NOUN
fsr-3420	109	19	(	(	PUNCT
fsr-3420	109	20	april	april	PROPN
fsr-3420	109	21	1980	1980	NUM
fsr-3420	109	22	)	)	PUNCT
fsr-3420	109	23	.	.	PUNCT
fsr-3420	110	1	the	the	DET
fsr-3420	110	2	mean	mean	NOUN
fsr-3420	110	3	for	for	ADP
fsr-3420	110	4	this	this	DET
fsr-3420	110	5	series	series	NOUN
fsr-3420	110	6	was	be	AUX
fsr-3420	110	7	0.19	0.19	NUM
fsr-3420	110	8	%	%	NOUN
fsr-3420	110	9	,	,	PUNCT
fsr-3420	110	10	and	and	CCONJ
fsr-3420	110	11	the	the	DET
fsr-3420	110	12	standard	standard	ADJ
fsr-3420	110	13	deviation	deviation	NOUN
fsr-3420	110	14	was	be	AUX
fsr-3420	110	15	1.39	1.39	NUM
fsr-3420	110	16	percentage	percentage	NOUN
fsr-3420	110	17	points	point	NOUN
fsr-3420	110	18	.	.	PUNCT
fsr-3420	111	1	100	100	NUM
fsr-3420	111	2	e.d	e.d	PROPN
fsr-3420	111	3	.	.	PROPN
fsr-3420	111	4	suarez	suarez	PROPN
fsr-3420	111	5	/	/	SYM
fsr-3420	111	6	financial	financial	ADJ
fsr-3420	111	7	services	service	NOUN
fsr-3420	111	8	review	review	VERB
fsr-3420	111	9	28	28	NUM
fsr-3420	111	10	(	(	PUNCT
fsr-3420	111	11	2020	2020	NUM
fsr-3420	111	12	)	)	PUNCT
fsr-3420	112	1	96–132	96–132	NUM
fsr-3420	112	2	we	we	PRON
fsr-3420	112	3	now	now	ADV
fsr-3420	112	4	ask	ask	VERB
fsr-3420	112	5	what	what	PRON
fsr-3420	112	6	the	the	DET
fsr-3420	112	7	real	real	ADJ
fsr-3420	112	8	rate	rate	NOUN
fsr-3420	112	9	of	of	ADP
fsr-3420	112	10	return	return	NOUN
fsr-3420	112	11	has	have	AUX
fsr-3420	112	12	been	be	AUX
fsr-3420	112	13	,	,	PUNCT
fsr-3420	112	14	for	for	ADP
fsr-3420	112	15	these	these	DET
fsr-3420	112	16	two	two	NUM
fsr-3420	112	17	financial	financial	ADJ
fsr-3420	112	18	instruments	instrument	NOUN
fsr-3420	112	19	,	,	PUNCT
fsr-3420	112	20	over	over	ADP
fsr-3420	112	21	30	30	NUM
fsr-3420	112	22	-	-	PUNCT
fsr-3420	112	23	year	year	NOUN
fsr-3420	112	24	periods	period	NOUN
fsr-3420	112	25	in	in	ADP
fsr-3420	112	26	the	the	DET
fsr-3420	112	27	historical	historical	ADJ
fsr-3420	112	28	record	record	NOUN
fsr-3420	112	29	.	.	PUNCT
fsr-3420	113	1	this	this	DET
fsr-3420	113	2	30	30	NUM
fsr-3420	113	3	-	-	PUNCT
fsr-3420	113	4	year	year	NOUN
fsr-3420	113	5	horizon	horizon	NOUN
fsr-3420	113	6	is	be	AUX
fsr-3420	113	7	what	what	PRON
fsr-3420	113	8	we	we	PRON
fsr-3420	113	9	use	use	VERB
fsr-3420	113	10	below	below	ADV
fsr-3420	113	11	as	as	ADP
fsr-3420	113	12	our	our	PRON
fsr-3420	113	13	“	"	PUNCT
fsr-3420	113	14	standard	standard	ADJ
fsr-3420	113	15	scenario	scenario	NOUN
fsr-3420	113	16	,	,	PUNCT
fsr-3420	113	17	”	"	PUNCT
fsr-3420	113	18	which	which	PRON
fsr-3420	113	19	in	in	ADP
fsr-3420	113	20	turn	turn	NOUN
fsr-3420	113	21	corresponds	correspond	VERB
fsr-3420	113	22	to	to	ADP
fsr-3420	113	23	the	the	DET
fsr-3420	113	24	set	set	NOUN
fsr-3420	113	25	-	-	PUNCT
fsr-3420	113	26	up	up	NOUN
fsr-3420	113	27	that	that	PRON
fsr-3420	113	28	is	be	AUX
fsr-3420	113	29	most	most	ADV
fsr-3420	113	30	frequently	frequently	ADV
fsr-3420	113	31	used	use	VERB
fsr-3420	113	32	in	in	ADP
fsr-3420	113	33	the	the	DET
fsr-3420	113	34	literature	literature	NOUN
fsr-3420	113	35	on	on	ADP
fsr-3420	113	36	optimal	optimal	ADJ
fsr-3420	113	37	withdrawals	withdrawal	NOUN
fsr-3420	113	38	.	.	PUNCT
fsr-3420	114	1	fig	fig	NOUN
fsr-3420	114	2	.	.	PUNCT
fsr-3420	115	1	1	1	NUM
fsr-3420	115	2	shows	show	VERB
fsr-3420	115	3	these	these	DET
fsr-3420	115	4	30	30	NUM
fsr-3420	115	5	-	-	PUNCT
fsr-3420	115	6	year	year	NOUN
fsr-3420	115	7	rates	rate	NOUN
fsr-3420	115	8	,	,	PUNCT
fsr-3420	115	9	expressed	express	VERB
fsr-3420	115	10	as	as	ADP
fsr-3420	115	11	annual	annual	ADJ
fsr-3420	115	12	rates	rate	NOUN
fsr-3420	115	13	,	,	PUNCT
fsr-3420	115	14	and	and	CCONJ
fsr-3420	115	15	we	we	PRON
fsr-3420	115	16	notice	notice	VERB
fsr-3420	115	17	a	a	DET
fsr-3420	115	18	major	major	ADJ
fsr-3420	115	19	upward	upward	ADJ
fsr-3420	115	20	trend	trend	NOUN
fsr-3420	115	21	in	in	ADP
fsr-3420	115	22	the	the	DET
fsr-3420	115	23	long	long	ADJ
fsr-3420	115	24	-	-	PUNCT
fsr-3420	115	25	term	term	NOUN
fsr-3420	115	26	real	real	ADJ
fsr-3420	115	27	returns	return	NOUN
fsr-3420	115	28	for	for	ADP
fsr-3420	115	29	bonds	bond	NOUN
fsr-3420	115	30	.	.	PUNCT
fsr-3420	116	1	however	however	ADV
fsr-3420	116	2	,	,	PUNCT
fsr-3420	116	3	although	although	SCONJ
fsr-3420	116	4	no	no	DET
fsr-3420	116	5	more	more	ADV
fsr-3420	116	6	recent	recent	ADJ
fsr-3420	116	7	data	datum	NOUN
fsr-3420	116	8	can	can	AUX
fsr-3420	116	9	be	be	AUX
fsr-3420	116	10	included	include	VERB
fsr-3420	116	11	because	because	SCONJ
fsr-3420	116	12	30	30	NUM
fsr-3420	116	13	-	-	PUNCT
fsr-3420	116	14	year	year	NOUN
fsr-3420	116	15	periods	period	NOUN
fsr-3420	116	16	starting	start	VERB
fsr-3420	116	17	after	after	ADP
fsr-3420	116	18	december	december	PROPN
fsr-3420	116	19	1984	1984	NUM
fsr-3420	116	20	have	have	AUX
fsr-3420	116	21	not	not	PART
fsr-3420	116	22	yet	yet	ADV
fsr-3420	116	23	ended	end	VERB
fsr-3420	116	24	(	(	PUNCT
fsr-3420	116	25	at	at	ADP
fsr-3420	116	26	least	least	ADJ
fsr-3420	116	27	not	not	PART
fsr-3420	116	28	in	in	ADP
fsr-3420	116	29	our	our	PRON
fsr-3420	116	30	dataset	dataset	NOUN
fsr-3420	116	31	)	)	PUNCT
fsr-3420	116	32	,	,	PUNCT
fsr-3420	116	33	using	use	VERB
fsr-3420	116	34	20or	20or	ADJ
fsr-3420	116	35	15	15	NUM
fsr-3420	116	36	-	-	PUNCT
fsr-3420	116	37	year	year	NOUN
fsr-3420	116	38	periods	period	NOUN
fsr-3420	116	39	we	we	PRON
fsr-3420	116	40	see	see	VERB
fsr-3420	116	41	that	that	SCONJ
fsr-3420	116	42	this	this	DET
fsr-3420	116	43	series	series	NOUN
fsr-3420	116	44	will	will	AUX
fsr-3420	116	45	probably	probably	ADV
fsr-3420	116	46	end	end	VERB
fsr-3420	116	47	up	up	ADP
fsr-3420	116	48	hovering	hover	VERB
fsr-3420	116	49	around	around	ADP
fsr-3420	116	50	3	3	NUM
fsr-3420	116	51	%	%	NOUN
fsr-3420	116	52	annual	annual	ADJ
fsr-3420	116	53	,	,	PUNCT
fsr-3420	116	54	or	or	CCONJ
fsr-3420	116	55	even	even	ADV
fsr-3420	116	56	lower	low	ADJ
fsr-3420	116	57	,	,	PUNCT
fsr-3420	116	58	when	when	SCONJ
fsr-3420	116	59	the	the	DET
fsr-3420	116	60	next	next	ADJ
fsr-3420	116	61	decade	decade	NOUN
fsr-3420	116	62	of	of	ADP
fsr-3420	116	63	observations	observation	NOUN
fsr-3420	116	64	becomes	become	VERB
fsr-3420	116	65	available	available	ADJ
fsr-3420	116	66	.	.	PUNCT
fsr-3420	117	1	in	in	ADP
fsr-3420	117	2	any	any	DET
fsr-3420	117	3	case	case	NOUN
fsr-3420	117	4	,	,	PUNCT
fsr-3420	117	5	these	these	DET
fsr-3420	117	6	figures	figure	NOUN
fsr-3420	117	7	are	be	AUX
fsr-3420	117	8	well	well	ADV
fsr-3420	117	9	known	know	VERB
fsr-3420	117	10	;	;	PUNCT
fsr-3420	117	11	we	we	PRON
fsr-3420	117	12	show	show	VERB
fsr-3420	117	13	them	they	PRON
fsr-3420	117	14	here	here	ADV
fsr-3420	117	15	just	just	ADV
fsr-3420	117	16	as	as	ADP
fsr-3420	117	17	a	a	DET
fsr-3420	117	18	reference	reference	NOUN
fsr-3420	117	19	for	for	ADP
fsr-3420	117	20	the	the	DET
fsr-3420	117	21	analysis	analysis	NOUN
fsr-3420	117	22	of	of	ADP
fsr-3420	117	23	the	the	DET
fsr-3420	117	24	next	next	ADJ
fsr-3420	117	25	sections	section	NOUN
fsr-3420	117	26	.	.	PUNCT
fsr-3420	118	1	5	5	X
fsr-3420	118	2	.	.	X
fsr-3420	118	3	results	result	NOUN
fsr-3420	118	4	for	for	ADP
fsr-3420	118	5	the	the	DET
fsr-3420	118	6	standard	standard	ADJ
fsr-3420	118	7	scenario	scenario	NOUN
fsr-3420	118	8	the	the	DET
fsr-3420	118	9	scenario	scenario	NOUN
fsr-3420	118	10	we	we	PRON
fsr-3420	118	11	use	use	VERB
fsr-3420	118	12	as	as	ADP
fsr-3420	118	13	our	our	PRON
fsr-3420	118	14	“	"	PUNCT
fsr-3420	118	15	base	base	NOUN
fsr-3420	118	16	case	case	NOUN
fsr-3420	118	17	”	"	PUNCT
fsr-3420	118	18	is	be	AUX
fsr-3420	118	19	an	an	DET
fsr-3420	118	20	investor	investor	NOUN
fsr-3420	118	21	that	that	PRON
fsr-3420	118	22	enters	enter	VERB
fsr-3420	118	23	her	her	PRON
fsr-3420	118	24	retirement	retirement	NOUN
fsr-3420	118	25	period	period	NOUN
fsr-3420	118	26	with	with	ADP
fsr-3420	118	27	a	a	DET
fsr-3420	118	28	portfolio	portfolio	NOUN
fsr-3420	118	29	fully	fully	ADV
fsr-3420	118	30	invested	invest	VERB
fsr-3420	118	31	in	in	ADP
fsr-3420	118	32	stocks	stock	NOUN
fsr-3420	118	33	,	,	PUNCT
fsr-3420	118	34	and	and	CCONJ
fsr-3420	118	35	whose	whose	DET
fsr-3420	118	36	aim	aim	NOUN
fsr-3420	118	37	is	be	AUX
fsr-3420	118	38	to	to	PART
fsr-3420	118	39	deplete	deplete	VERB
fsr-3420	118	40	her	her	PRON
fsr-3420	118	41	balance	balance	NOUN
fsr-3420	118	42	entirely	entirely	ADV
fsr-3420	118	43	over	over	ADP
fsr-3420	118	44	a	a	DET
fsr-3420	118	45	period	period	NOUN
fsr-3420	118	46	of	of	ADP
fsr-3420	118	47	30	30	NUM
fsr-3420	118	48	years	year	NOUN
fsr-3420	118	49	.	.	PUNCT
fsr-3420	119	1	in	in	ADP
fsr-3420	119	2	other	other	ADJ
fsr-3420	119	3	words	word	NOUN
fsr-3420	119	4	,	,	PUNCT
fsr-3420	119	5	our	our	PRON
fsr-3420	119	6	investor	investor	NOUN
fsr-3420	119	7	profile	profile	NOUN
fsr-3420	119	8	in	in	ADP
fsr-3420	119	9	this	this	DET
fsr-3420	119	10	section	section	NOUN
fsr-3420	119	11	is	be	AUX
fsr-3420	119	12	a	a	DET
fsr-3420	119	13	person	person	NOUN
fsr-3420	119	14	of	of	ADP
fsr-3420	119	15	approximately	approximately	ADV
fsr-3420	119	16	65	65	NUM
fsr-3420	119	17	years	year	NOUN
fsr-3420	119	18	of	of	ADP
fsr-3420	119	19	age	age	NOUN
fsr-3420	119	20	who	who	PRON
fsr-3420	119	21	wants	want	VERB
fsr-3420	119	22	her	her	PRON
fsr-3420	119	23	money	money	NOUN
fsr-3420	119	24	to	to	PART
fsr-3420	119	25	last	last	VERB
fsr-3420	119	26	until	until	SCONJ
fsr-3420	119	27	she	she	PRON
fsr-3420	119	28	’s	’	VERB
fsr-3420	119	29	95	95	NUM
fsr-3420	119	30	and	and	CCONJ
fsr-3420	119	31	has	have	VERB
fsr-3420	119	32	no	no	DET
fsr-3420	119	33	heirs	heir	NOUN
fsr-3420	119	34	,	,	PUNCT
fsr-3420	119	35	or	or	CCONJ
fsr-3420	119	36	otherwise	otherwise	ADV
fsr-3420	119	37	has	have	VERB
fsr-3420	119	38	no	no	DET
fsr-3420	119	39	desire	desire	NOUN
fsr-3420	119	40	to	to	PART
fsr-3420	119	41	leave	leave	VERB
fsr-3420	119	42	behind	behind	ADP
fsr-3420	119	43	any	any	DET
fsr-3420	119	44	inheritance	inheritance	NOUN
fsr-3420	119	45	or	or	CCONJ
fsr-3420	119	46	gift	gift	NOUN
fsr-3420	119	47	.	.	PUNCT
fsr-3420	120	1	when	when	SCONJ
fsr-3420	120	2	there	there	PRON
fsr-3420	120	3	is	be	VERB
fsr-3420	120	4	no	no	DET
fsr-3420	120	5	bequest	bequest	NOUN
fsr-3420	120	6	sought	seek	VERB
fsr-3420	120	7	,	,	PUNCT
fsr-3420	120	8	ke	ke	NOUN
fsr-3420	120	9	in	in	ADP
fsr-3420	120	10	eq	eq	ADP
fsr-3420	120	11	.	.	PUNCT
fsr-3420	121	1	(	(	PUNCT
fsr-3420	121	2	2	2	X
fsr-3420	121	3	)	)	PUNCT
fsr-3420	121	4	is	be	AUX
fsr-3420	121	5	zero	zero	NUM
fsr-3420	121	6	and	and	CCONJ
fsr-3420	121	7	the	the	DET
fsr-3420	121	8	expression	expression	NOUN
fsr-3420	121	9	simplifies	simplifie	NOUN
fsr-3420	121	10	to	to	PART
fsr-3420	121	11	:	:	PUNCT
fsr-3420	121	12	w	w	ADP
fsr-3420	121	13	¼	¼	NOUN
fsr-3420	121	14	rnsnks	rnsnk	NOUN
fsr-3420	121	15	(	(	PUNCT
fsr-3420	121	16	4	4	NUM
fsr-3420	121	17	)	)	PUNCT
fsr-3420	121	18	fig	fig	NOUN
fsr-3420	121	19	.	.	PUNCT
fsr-3420	122	1	1	1	X
fsr-3420	122	2	.	.	X
fsr-3420	122	3	real	real	ADJ
fsr-3420	122	4	rates	rate	NOUN
fsr-3420	122	5	of	of	ADP
fsr-3420	122	6	return	return	NOUN
fsr-3420	122	7	for	for	ADP
fsr-3420	122	8	stocks	stock	NOUN
fsr-3420	122	9	and	and	CCONJ
fsr-3420	122	10	bonds	bond	NOUN
fsr-3420	122	11	,	,	PUNCT
fsr-3420	122	12	over	over	ADP
fsr-3420	122	13	30	30	NUM
fsr-3420	122	14	-	-	PUNCT
fsr-3420	122	15	year	year	NOUN
fsr-3420	122	16	periods	period	NOUN
fsr-3420	122	17	beginning	begin	VERB
fsr-3420	122	18	on	on	ADP
fsr-3420	122	19	the	the	DET
fsr-3420	122	20	indicated	indicate	VERB
fsr-3420	122	21	date	date	NOUN
fsr-3420	122	22	.	.	PUNCT
fsr-3420	123	1	shown	show	VERB
fsr-3420	123	2	are	be	AUX
fsr-3420	123	3	yearly	yearly	ADV
fsr-3420	123	4	geometric	geometric	ADJ
fsr-3420	123	5	averages	average	NOUN
fsr-3420	123	6	over	over	ADP
fsr-3420	123	7	the	the	DET
fsr-3420	123	8	30	30	NUM
fsr-3420	123	9	-	-	PUNCT
fsr-3420	123	10	year	year	NOUN
fsr-3420	123	11	periods	period	NOUN
fsr-3420	123	12	.	.	PUNCT
fsr-3420	124	1	e.d	e.d	PROPN
fsr-3420	124	2	.	.	PROPN
fsr-3420	124	3	suarez	suarez	PROPN
fsr-3420	124	4	/	/	SYM
fsr-3420	124	5	financial	financial	ADJ
fsr-3420	124	6	services	service	NOUN
fsr-3420	124	7	review	review	VERB
fsr-3420	124	8	28	28	NUM
fsr-3420	124	9	(	(	PUNCT
fsr-3420	124	10	2020	2020	NUM
fsr-3420	124	11	)	)	PUNCT
fsr-3420	125	1	96–132	96–132	NUM
fsr-3420	125	2	101	101	NUM
fsr-3420	125	3	before	before	ADP
fsr-3420	125	4	moving	move	VERB
fsr-3420	125	5	on	on	ADP
fsr-3420	125	6	to	to	ADP
fsr-3420	125	7	the	the	DET
fsr-3420	125	8	actual	actual	ADJ
fsr-3420	125	9	results	result	NOUN
fsr-3420	125	10	,	,	PUNCT
fsr-3420	125	11	we	we	PRON
fsr-3420	125	12	make	make	VERB
fsr-3420	125	13	one	one	NUM
fsr-3420	125	14	last	last	ADJ
fsr-3420	125	15	modification	modification	NOUN
fsr-3420	125	16	to	to	PART
fsr-3420	125	17	express	express	VERB
fsr-3420	125	18	our	our	PRON
fsr-3420	125	19	perfect	perfect	ADJ
fsr-3420	125	20	withdrawal	withdrawal	NOUN
fsr-3420	125	21	amount	amount	NOUN
fsr-3420	125	22	as	as	ADP
fsr-3420	125	23	a	a	DET
fsr-3420	125	24	perfect	perfect	ADJ
fsr-3420	125	25	withdrawal	withdrawal	NOUN
fsr-3420	125	26	rate	rate	NOUN
fsr-3420	125	27	(	(	PUNCT
fsr-3420	125	28	pwr	pwr	NOUN
fsr-3420	125	29	)	)	PUNCT
fsr-3420	125	30	,	,	PUNCT
fsr-3420	125	31	relative	relative	ADJ
fsr-3420	125	32	to	to	ADP
fsr-3420	125	33	the	the	DET
fsr-3420	125	34	starting	start	VERB
fsr-3420	125	35	balance	balance	NOUN
fsr-3420	125	36	in	in	ADP
fsr-3420	125	37	the	the	DET
fsr-3420	125	38	account	account	NOUN
fsr-3420	125	39	:	:	PUNCT
fsr-3420	125	40	w	w	X
fsr-3420	125	41	=	=	VERB
fsr-3420	125	42	ks	ks	NOUN
fsr-3420	125	43	¼	¼	NOUN
fsr-3420	125	44	rnsn	rnsn	NOUN
fsr-3420	125	45	(	(	PUNCT
fsr-3420	125	46	5	5	NUM
fsr-3420	125	47	)	)	PUNCT
fsr-3420	125	48	fig	fig	NOUN
fsr-3420	125	49	.	.	PUNCT
fsr-3420	126	1	2	2	NUM
fsr-3420	126	2	presents	present	VERB
fsr-3420	126	3	the	the	DET
fsr-3420	126	4	pwr	pwr	NOUN
fsr-3420	126	5	for	for	ADP
fsr-3420	126	6	the	the	DET
fsr-3420	126	7	standard	standard	ADJ
fsr-3420	126	8	scenario	scenario	NOUN
fsr-3420	126	9	as	as	ADP
fsr-3420	126	10	a	a	DET
fsr-3420	126	11	monthly	monthly	ADJ
fsr-3420	126	12	variable	variable	NOUN
fsr-3420	126	13	,	,	PUNCT
fsr-3420	126	14	assigning	assign	VERB
fsr-3420	126	15	to	to	ADP
fsr-3420	126	16	each	each	DET
fsr-3420	126	17	month	month	NOUN
fsr-3420	126	18	the	the	DET
fsr-3420	126	19	pwr	pwr	NOUN
fsr-3420	126	20	value	value	NOUN
fsr-3420	126	21	corresponding	correspond	VERB
fsr-3420	126	22	to	to	ADP
fsr-3420	126	23	the	the	DET
fsr-3420	126	24	30	30	NUM
fsr-3420	126	25	-	-	PUNCT
fsr-3420	126	26	year	year	NOUN
fsr-3420	126	27	period	period	NOUN
fsr-3420	126	28	beginning	begin	VERB
fsr-3420	126	29	on	on	ADP
fsr-3420	126	30	that	that	DET
fsr-3420	126	31	month	month	NOUN
fsr-3420	126	32	.	.	PUNCT
fsr-3420	127	1	this	this	DET
fsr-3420	127	2	computation	computation	NOUN
fsr-3420	127	3	assumes	assume	VERB
fsr-3420	127	4	that	that	SCONJ
fsr-3420	127	5	withdrawals	withdrawal	NOUN
fsr-3420	127	6	are	be	AUX
fsr-3420	127	7	made	make	VERB
fsr-3420	127	8	only	only	ADV
fsr-3420	127	9	once	once	ADV
fsr-3420	127	10	per	per	ADP
fsr-3420	127	11	year	year	NOUN
fsr-3420	127	12	,	,	PUNCT
fsr-3420	127	13	on	on	ADP
fsr-3420	127	14	the	the	DET
fsr-3420	127	15	very	very	ADV
fsr-3420	127	16	first	first	ADJ
fsr-3420	127	17	day	day	NOUN
fsr-3420	127	18	and	and	CCONJ
fsr-3420	127	19	adjusted	adjust	VERB
fsr-3420	127	20	by	by	ADP
fsr-3420	127	21	the	the	DET
fsr-3420	127	22	previous	previous	ADJ
fsr-3420	127	23	year	year	NOUN
fsr-3420	127	24	’s	’s	PART
fsr-3420	127	25	inflation	inflation	NOUN
fsr-3420	127	26	,	,	PUNCT
fsr-3420	127	27	whereas	whereas	SCONJ
fsr-3420	127	28	the	the	DET
fsr-3420	127	29	returns	return	NOUN
fsr-3420	127	30	are	be	AUX
fsr-3420	127	31	credited	credit	VERB
fsr-3420	127	32	to	to	ADP
fsr-3420	127	33	the	the	DET
fsr-3420	127	34	account	account	NOUN
fsr-3420	127	35	on	on	ADP
fsr-3420	127	36	the	the	DET
fsr-3420	127	37	last	last	ADJ
fsr-3420	127	38	day	day	NOUN
fsr-3420	127	39	of	of	ADP
fsr-3420	127	40	the	the	DET
fsr-3420	127	41	year	year	NOUN
fsr-3420	127	42	(	(	PUNCT
fsr-3420	127	43	or	or	CCONJ
fsr-3420	127	44	,	,	PUNCT
fsr-3420	127	45	equivalently	equivalently	ADV
fsr-3420	127	46	,	,	PUNCT
fsr-3420	127	47	at	at	ADP
fsr-3420	127	48	the	the	DET
fsr-3420	127	49	end	end	NOUN
fsr-3420	127	50	of	of	ADP
fsr-3420	127	51	every	every	DET
fsr-3420	127	52	month	month	NOUN
fsr-3420	127	53	)	)	PUNCT
fsr-3420	127	54	.	.	PUNCT
fsr-3420	128	1	as	as	SCONJ
fsr-3420	128	2	mentioned	mention	VERB
fsr-3420	128	3	before	before	ADV
fsr-3420	128	4	,	,	PUNCT
fsr-3420	128	5	under	under	ADP
fsr-3420	128	6	this	this	DET
fsr-3420	128	7	convention	convention	NOUN
fsr-3420	128	8	for	for	ADP
fsr-3420	128	9	dating	date	VERB
fsr-3420	128	10	the	the	DET
fsr-3420	128	11	data	datum	NOUN
fsr-3420	128	12	the	the	DET
fsr-3420	128	13	pwr	pwr	NOUN
fsr-3420	128	14	can	can	AUX
fsr-3420	128	15	not	not	PART
fsr-3420	128	16	be	be	AUX
fsr-3420	128	17	computed	compute	VERB
fsr-3420	128	18	beyond	beyond	ADP
fsr-3420	128	19	december	december	PROPN
fsr-3420	128	20	1984	1984	NUM
fsr-3420	128	21	because	because	SCONJ
fsr-3420	128	22	the	the	DET
fsr-3420	128	23	30	30	NUM
fsr-3420	128	24	-	-	PUNCT
fsr-3420	128	25	year	year	NOUN
fsr-3420	128	26	periods	period	NOUN
fsr-3420	128	27	beginning	begin	VERB
fsr-3420	128	28	after	after	ADP
fsr-3420	128	29	that	that	DET
fsr-3420	128	30	date	date	NOUN
fsr-3420	128	31	are	be	AUX
fsr-3420	128	32	not	not	PART
fsr-3420	128	33	yet	yet	ADV
fsr-3420	128	34	complete	complete	ADJ
fsr-3420	128	35	in	in	ADP
fsr-3420	128	36	our	our	PRON
fsr-3420	128	37	data	datum	NOUN
fsr-3420	128	38	set	set	VERB
fsr-3420	128	39	.	.	PUNCT
fsr-3420	129	1	the	the	DET
fsr-3420	129	2	first	first	ADJ
fsr-3420	129	3	thing	thing	NOUN
fsr-3420	129	4	one	one	NUM
fsr-3420	129	5	notices	notice	NOUN
fsr-3420	129	6	in	in	ADP
fsr-3420	129	7	fig	fig	NOUN
fsr-3420	129	8	.	.	PUNCT
fsr-3420	129	9	2	2	NUM
fsr-3420	129	10	is	be	AUX
fsr-3420	129	11	the	the	DET
fsr-3420	129	12	wide	wide	ADJ
fsr-3420	129	13	range	range	NOUN
fsr-3420	129	14	of	of	ADP
fsr-3420	129	15	variation	variation	NOUN
fsr-3420	129	16	,	,	PUNCT
fsr-3420	129	17	and	and	CCONJ
fsr-3420	129	18	how	how	SCONJ
fsr-3420	129	19	these	these	DET
fsr-3420	129	20	up	up	ADP
fsr-3420	129	21	-	-	PUNCT
fsr-3420	129	22	anddowns	anddown	NOUN
fsr-3420	129	23	do	do	AUX
fsr-3420	129	24	not	not	PART
fsr-3420	129	25	follow	follow	VERB
fsr-3420	129	26	closely	closely	ADV
fsr-3420	129	27	the	the	DET
fsr-3420	129	28	changes	change	NOUN
fsr-3420	129	29	in	in	ADP
fsr-3420	129	30	the	the	DET
fsr-3420	129	31	rate	rate	NOUN
fsr-3420	129	32	of	of	ADP
fsr-3420	129	33	return	return	NOUN
fsr-3420	129	34	for	for	ADP
fsr-3420	129	35	stocks	stock	NOUN
fsr-3420	129	36	(	(	PUNCT
fsr-3420	129	37	see	see	VERB
fsr-3420	129	38	fig	fig	NOUN
fsr-3420	129	39	.	.	PUNCT
fsr-3420	130	1	1	1	NUM
fsr-3420	130	2	)	)	PUNCT
fsr-3420	130	3	.	.	PUNCT
fsr-3420	131	1	to	to	PART
fsr-3420	131	2	see	see	VERB
fsr-3420	131	3	how	how	SCONJ
fsr-3420	131	4	this	this	PRON
fsr-3420	131	5	can	can	AUX
fsr-3420	131	6	come	come	VERB
fsr-3420	131	7	about	about	ADP
fsr-3420	131	8	,	,	PUNCT
fsr-3420	131	9	and	and	CCONJ
fsr-3420	131	10	to	to	PART
fsr-3420	131	11	further	far	ADV
fsr-3420	131	12	pin	pin	VERB
fsr-3420	131	13	down	down	ADP
fsr-3420	131	14	the	the	DET
fsr-3420	131	15	pwa	pwa	PROPN
fsr-3420	131	16	concept	concept	NOUN
fsr-3420	131	17	,	,	PUNCT
fsr-3420	131	18	fig	fig	NOUN
fsr-3420	131	19	.	.	PUNCT
fsr-3420	131	20	5	5	NUM
fsr-3420	131	21	shows	show	VERB
fsr-3420	131	22	the	the	DET
fsr-3420	131	23	explicit	explicit	ADJ
fsr-3420	131	24	sequence	sequence	NOUN
fsr-3420	131	25	of	of	ADP
fsr-3420	131	26	debits	debit	NOUN
fsr-3420	131	27	and	and	CCONJ
fsr-3420	131	28	credits	credit	NOUN
fsr-3420	131	29	on	on	ADP
fsr-3420	131	30	the	the	DET
fsr-3420	131	31	account	account	NOUN
fsr-3420	131	32	in	in	ADP
fsr-3420	131	33	two	two	NUM
fsr-3420	131	34	retirement	retirement	NOUN
fsr-3420	131	35	periods	period	NOUN
fsr-3420	131	36	,	,	PUNCT
fsr-3420	131	37	beginning	begin	VERB
fsr-3420	131	38	fig	fig	NOUN
fsr-3420	131	39	.	.	PUNCT
fsr-3420	132	1	2	2	X
fsr-3420	132	2	.	.	X
fsr-3420	132	3	perfect	perfect	ADJ
fsr-3420	132	4	withdrawal	withdrawal	NOUN
fsr-3420	132	5	rate	rate	NOUN
fsr-3420	132	6	for	for	ADP
fsr-3420	132	7	100%-stocks	100%-stock	NOUN
fsr-3420	132	8	portfolio	portfolio	NOUN
fsr-3420	132	9	over	over	ADP
fsr-3420	132	10	30	30	NUM
fsr-3420	132	11	-	-	PUNCT
fsr-3420	132	12	year	year	NOUN
fsr-3420	132	13	period	period	NOUN
fsr-3420	132	14	with	with	ADP
fsr-3420	132	15	zero	zero	NUM
fsr-3420	132	16	final	final	ADJ
fsr-3420	132	17	balance	balance	NOUN
fsr-3420	132	18	.	.	PUNCT
fsr-3420	133	1	for	for	ADP
fsr-3420	133	2	the	the	DET
fsr-3420	133	3	indicated	indicate	VERB
fsr-3420	133	4	retirement	retirement	NOUN
fsr-3420	133	5	start	start	NOUN
fsr-3420	133	6	dates	date	NOUN
fsr-3420	133	7	,	,	PUNCT
fsr-3420	133	8	these	these	DET
fsr-3420	133	9	withdrawal	withdrawal	NOUN
fsr-3420	133	10	rates	rate	NOUN
fsr-3420	133	11	(	(	PUNCT
fsr-3420	133	12	applied	apply	VERB
fsr-3420	133	13	to	to	ADP
fsr-3420	133	14	the	the	DET
fsr-3420	133	15	starting	start	VERB
fsr-3420	133	16	balance	balance	NOUN
fsr-3420	133	17	and	and	CCONJ
fsr-3420	133	18	updated	update	VERB
fsr-3420	133	19	by	by	ADP
fsr-3420	133	20	inflation	inflation	NOUN
fsr-3420	133	21	every	every	DET
fsr-3420	133	22	year	year	NOUN
fsr-3420	133	23	)	)	PUNCT
fsr-3420	133	24	would	would	AUX
fsr-3420	133	25	have	have	AUX
fsr-3420	133	26	exhausted	exhaust	VERB
fsr-3420	133	27	the	the	DET
fsr-3420	133	28	available	available	ADJ
fsr-3420	133	29	funds	fund	NOUN
fsr-3420	133	30	exactly	exactly	ADV
fsr-3420	133	31	after	after	ADP
fsr-3420	133	32	30	30	NUM
fsr-3420	133	33	-	-	PUNCT
fsr-3420	133	34	years	year	NOUN
fsr-3420	133	35	.	.	PUNCT
fsr-3420	134	1	102	102	NUM
fsr-3420	134	2	e.d	e.d	PROPN
fsr-3420	134	3	.	.	PROPN
fsr-3420	134	4	suarez	suarez	PROPN
fsr-3420	134	5	/	/	SYM
fsr-3420	134	6	financial	financial	ADJ
fsr-3420	134	7	services	service	NOUN
fsr-3420	134	8	review	review	VERB
fsr-3420	134	9	28	28	NUM
fsr-3420	134	10	(	(	PUNCT
fsr-3420	134	11	2020	2020	NUM
fsr-3420	134	12	)	)	PUNCT
fsr-3420	135	1	96–132	96–132	NUM
fsr-3420	135	2	in	in	ADP
fsr-3420	135	3	june	june	PROPN
fsr-3420	135	4	1949	1949	NUM
fsr-3420	135	5	and	and	CCONJ
fsr-3420	135	6	february	february	PROPN
fsr-3420	135	7	1969	1969	NUM
fsr-3420	135	8	,	,	PUNCT
fsr-3420	135	9	respectively	respectively	ADV
fsr-3420	135	10	,	,	PUNCT
fsr-3420	135	11	chosen	choose	VERB
fsr-3420	135	12	to	to	PART
fsr-3420	135	13	illustrate	illustrate	VERB
fsr-3420	135	14	some	some	PRON
fsr-3420	135	15	of	of	ADP
fsr-3420	135	16	the	the	DET
fsr-3420	135	17	points	point	NOUN
fsr-3420	135	18	we	we	PRON
fsr-3420	135	19	make	make	VERB
fsr-3420	135	20	below	below	ADV
fsr-3420	135	21	.	.	PUNCT
fsr-3420	136	1	another	another	DET
fsr-3420	136	2	salient	salient	ADJ
fsr-3420	136	3	feature	feature	NOUN
fsr-3420	136	4	of	of	ADP
fsr-3420	136	5	fig	fig	NOUN
fsr-3420	136	6	.	.	PUNCT
fsr-3420	137	1	2	2	NUM
fsr-3420	137	2	is	be	AUX
fsr-3420	137	3	that	that	SCONJ
fsr-3420	137	4	the	the	DET
fsr-3420	137	5	4	4	NUM
fsr-3420	137	6	%	%	NOUN
fsr-3420	137	7	rule	rule	NOUN
fsr-3420	137	8	would	would	AUX
fsr-3420	137	9	seem	seem	VERB
fsr-3420	137	10	overly	overly	ADV
fsr-3420	137	11	conservative	conservative	ADJ
fsr-3420	137	12	,	,	PUNCT
fsr-3420	137	13	as	as	SCONJ
fsr-3420	137	14	the	the	DET
fsr-3420	137	15	chart	chart	NOUN
fsr-3420	137	16	rarely	rarely	ADV
fsr-3420	137	17	pierces	pierce	VERB
fsr-3420	137	18	the	the	DET
fsr-3420	137	19	4	4	NUM
fsr-3420	137	20	%	%	NOUN
fsr-3420	137	21	level	level	NOUN
fsr-3420	137	22	.	.	PUNCT
fsr-3420	138	1	however	however	ADV
fsr-3420	138	2	,	,	PUNCT
fsr-3420	138	3	in	in	ADP
fsr-3420	138	4	fact	fact	NOUN
fsr-3420	138	5	,	,	PUNCT
fsr-3420	138	6	the	the	DET
fsr-3420	138	7	“	"	PUNCT
fsr-3420	138	8	90	90	NUM
fsr-3420	138	9	%	%	NOUN
fsr-3420	138	10	safe	safe	ADJ
fsr-3420	138	11	”	"	PUNCT
fsr-3420	138	12	withdrawal	withdrawal	NOUN
fsr-3420	138	13	rate	rate	NOUN
fsr-3420	138	14	is	be	AUX
fsr-3420	138	15	only	only	ADV
fsr-3420	138	16	slightly	slightly	ADV
fsr-3420	138	17	higher	high	ADJ
fsr-3420	138	18	,	,	PUNCT
fsr-3420	138	19	at	at	ADP
fsr-3420	138	20	4.27	4.27	NUM
fsr-3420	138	21	%	%	NOUN
fsr-3420	138	22	.	.	PUNCT
fsr-3420	139	1	that	that	PRON
fsr-3420	139	2	is	is	ADV
fsr-3420	139	3	,	,	PUNCT
fsr-3420	139	4	out	out	ADP
fsr-3420	139	5	of	of	ADP
fsr-3420	139	6	the	the	DET
fsr-3420	139	7	708	708	NUM
fsr-3420	139	8	observations	observation	NOUN
fsr-3420	139	9	in	in	ADP
fsr-3420	139	10	this	this	DET
fsr-3420	139	11	series	series	NOUN
fsr-3420	139	12	,	,	PUNCT
fsr-3420	139	13	70	70	NUM
fsr-3420	139	14	were	be	AUX
fsr-3420	139	15	lower	low	ADJ
fsr-3420	139	16	than	than	ADP
fsr-3420	139	17	4.27	4.27	NUM
fsr-3420	139	18	%	%	NOUN
fsr-3420	139	19	.	.	PUNCT
fsr-3420	140	1	fig	fig	NOUN
fsr-3420	140	2	.	.	PUNCT
fsr-3420	141	1	4	4	NUM
fsr-3420	141	2	shows	show	VERB
fsr-3420	141	3	the	the	DET
fsr-3420	141	4	frequencies	frequency	NOUN
fsr-3420	141	5	by	by	ADP
fsr-3420	141	6	pwr	pwr	NOUN
fsr-3420	141	7	range	range	NOUN
fsr-3420	141	8	.	.	PUNCT
fsr-3420	142	1	still	still	ADV
fsr-3420	142	2	,	,	PUNCT
fsr-3420	142	3	the	the	DET
fsr-3420	142	4	fact	fact	NOUN
fsr-3420	142	5	that	that	SCONJ
fsr-3420	142	6	the	the	DET
fsr-3420	142	7	pwr	pwr	NOUN
fsr-3420	142	8	has	have	AUX
fsr-3420	142	9	been	be	AUX
fsr-3420	142	10	higher	high	ADJ
fsr-3420	142	11	than	than	ADP
fsr-3420	142	12	4	4	NUM
fsr-3420	142	13	%	%	NOUN
fsr-3420	142	14	so	so	ADV
fsr-3420	142	15	frequently	frequently	ADV
fsr-3420	142	16	—	—	PUNCT
fsr-3420	142	17	and	and	CCONJ
fsr-3420	142	18	higher	high	ADJ
fsr-3420	142	19	by	by	ADP
fsr-3420	142	20	so	so	ADV
fsr-3420	142	21	much	much	ADJ
fsr-3420	142	22	,	,	PUNCT
fsr-3420	142	23	with	with	ADP
fsr-3420	142	24	more	more	ADJ
fsr-3420	142	25	than	than	ADP
fsr-3420	142	26	half	half	NOUN
fsr-3420	142	27	of	of	ADP
fsr-3420	142	28	the	the	DET
fsr-3420	142	29	periods	period	NOUN
fsr-3420	142	30	registering	register	VERB
fsr-3420	142	31	over	over	ADP
fsr-3420	142	32	7%—raises	7%—raise	NOUN
fsr-3420	142	33	the	the	DET
fsr-3420	142	34	question	question	NOUN
fsr-3420	142	35	of	of	ADP
fsr-3420	142	36	what	what	PRON
fsr-3420	142	37	would	would	AUX
fsr-3420	142	38	have	have	AUX
fsr-3420	142	39	happened	happen	VERB
fsr-3420	142	40	,	,	PUNCT
fsr-3420	142	41	in	in	ADP
fsr-3420	142	42	the	the	DET
fsr-3420	142	43	past	past	NOUN
fsr-3420	142	44	,	,	PUNCT
fsr-3420	142	45	to	to	ADP
fsr-3420	142	46	the	the	DET
fsr-3420	142	47	final	final	ADJ
fsr-3420	142	48	balance	balance	NOUN
fsr-3420	142	49	of	of	ADP
fsr-3420	142	50	an	an	DET
fsr-3420	142	51	investor	investor	NOUN
fsr-3420	142	52	who	who	PRON
fsr-3420	142	53	followed	follow	VERB
fsr-3420	142	54	the	the	DET
fsr-3420	142	55	4	4	NUM
fsr-3420	142	56	%	%	NOUN
fsr-3420	142	57	rule	rule	NOUN
fsr-3420	142	58	.	.	PUNCT
fsr-3420	143	1	under	under	ADP
fsr-3420	143	2	the	the	DET
fsr-3420	143	3	pwa	pwa	PROPN
fsr-3420	143	4	framework	framework	NOUN
fsr-3420	143	5	this	this	PRON
fsr-3420	143	6	is	be	AUX
fsr-3420	143	7	easy	easy	ADJ
fsr-3420	143	8	to	to	PART
fsr-3420	143	9	answer	answer	VERB
fsr-3420	143	10	,	,	PUNCT
fsr-3420	143	11	as	as	SCONJ
fsr-3420	143	12	we	we	PRON
fsr-3420	143	13	can	can	AUX
fsr-3420	143	14	rewrite	rewrite	VERB
fsr-3420	143	15	eq	eq	ADP
fsr-3420	143	16	.	.	PUNCT
fsr-3420	144	1	(	(	PUNCT
fsr-3420	144	2	2	2	NUM
fsr-3420	144	3	)	)	PUNCT
fsr-3420	144	4	to	to	PART
fsr-3420	144	5	solve	solve	VERB
fsr-3420	144	6	for	for	ADP
fsr-3420	144	7	the	the	DET
fsr-3420	144	8	final	final	ADJ
fsr-3420	144	9	balance2	balance2	NOUN
fsr-3420	144	10	:	:	PUNCT
fsr-3420	144	11	ke	ke	NOUN
fsr-3420	144	12	¼	¼	NOUN
fsr-3420	144	13	rnks	rnk	VERB
fsr-3420	144	14	�	�	PROPN
fsr-3420	144	15	w	w	PROPN
fsr-3420	144	16	=	=	PROPN
fsr-3420	144	17	sn	sn	X
fsr-3420	144	18	(	(	PUNCT
fsr-3420	144	19	6	6	NUM
fsr-3420	144	20	)	)	PUNCT
fsr-3420	144	21	fig	fig	NOUN
fsr-3420	144	22	.	.	PUNCT
fsr-3420	145	1	3	3	X
fsr-3420	145	2	.	.	X
fsr-3420	145	3	all	all	PRON
fsr-3420	145	4	-	-	PUNCT
fsr-3420	145	5	stocks	stock	NOUN
fsr-3420	145	6	portfolio	portfolio	NOUN
fsr-3420	145	7	with	with	ADP
fsr-3420	145	8	$	$	SYM
fsr-3420	145	9	1	1	NUM
fsr-3420	145	10	m	m	AUX
fsr-3420	145	11	starting	start	VERB
fsr-3420	145	12	balance	balance	NOUN
fsr-3420	145	13	,	,	PUNCT
fsr-3420	145	14	to	to	PART
fsr-3420	145	15	be	be	AUX
fsr-3420	145	16	depleted	deplete	VERB
fsr-3420	145	17	over	over	ADP
fsr-3420	145	18	30	30	NUM
fsr-3420	145	19	years	year	NOUN
fsr-3420	145	20	,	,	PUNCT
fsr-3420	145	21	begins	begin	VERB
fsr-3420	145	22	retirement	retirement	NOUN
fsr-3420	145	23	at	at	ADP
fsr-3420	145	24	two	two	NUM
fsr-3420	145	25	different	different	ADJ
fsr-3420	145	26	dates	date	NOUN
fsr-3420	145	27	.	.	PUNCT
fsr-3420	146	1	an	an	DET
fsr-3420	146	2	all	all	ADV
fsr-3420	146	3	-	-	PUNCT
fsr-3420	146	4	stocks	stock	NOUN
fsr-3420	146	5	portfolio	portfolio	NOUN
fsr-3420	146	6	of	of	ADP
fsr-3420	146	7	$	$	SYM
fsr-3420	146	8	1	1	NUM
fsr-3420	146	9	million	million	NUM
fsr-3420	146	10	that	that	PRON
fsr-3420	146	11	entered	enter	VERB
fsr-3420	146	12	retirement	retirement	NOUN
fsr-3420	146	13	in	in	ADP
fsr-3420	146	14	june	june	PROPN
fsr-3420	146	15	1949	1949	NUM
fsr-3420	146	16	would	would	AUX
fsr-3420	146	17	have	have	AUX
fsr-3420	146	18	been	be	AUX
fsr-3420	146	19	exhausted	exhaust	VERB
fsr-3420	146	20	after	after	ADP
fsr-3420	146	21	30	30	NUM
fsr-3420	146	22	annual	annual	ADJ
fsr-3420	146	23	withdrawals	withdrawal	NOUN
fsr-3420	146	24	of	of	ADP
fsr-3420	146	25	$	$	SYM
fsr-3420	146	26	139,929	139,929	NUM
fsr-3420	146	27	(	(	PUNCT
fsr-3420	146	28	plus	plus	CCONJ
fsr-3420	146	29	inflation	inflation	NOUN
fsr-3420	146	30	)	)	PUNCT
fsr-3420	146	31	,	,	PUNCT
fsr-3420	146	32	but	but	CCONJ
fsr-3420	146	33	this	this	DET
fsr-3420	146	34	same	same	ADJ
fsr-3420	146	35	portfolio	portfolio	NOUN
fsr-3420	146	36	would	would	AUX
fsr-3420	146	37	have	have	AUX
fsr-3420	146	38	provided	provide	VERB
fsr-3420	146	39	only	only	ADV
fsr-3420	146	40	$	$	SYM
fsr-3420	146	41	39,612	39,612	NUM
fsr-3420	146	42	(	(	PUNCT
fsr-3420	146	43	plus	plus	CCONJ
fsr-3420	146	44	inflation	inflation	NOUN
fsr-3420	146	45	)	)	PUNCT
fsr-3420	146	46	per	per	ADP
fsr-3420	146	47	year	year	NOUN
fsr-3420	146	48	over	over	ADP
fsr-3420	146	49	30	30	NUM
fsr-3420	146	50	years	year	NOUN
fsr-3420	146	51	if	if	SCONJ
fsr-3420	146	52	it	it	PRON
fsr-3420	146	53	had	have	AUX
fsr-3420	146	54	entered	enter	VERB
fsr-3420	146	55	retirement	retirement	NOUN
fsr-3420	146	56	in	in	ADP
fsr-3420	146	57	february	february	PROPN
fsr-3420	146	58	1969	1969	NUM
fsr-3420	146	59	—	—	PUNCT
fsr-3420	146	60	even	even	ADV
fsr-3420	146	61	though	though	SCONJ
fsr-3420	146	62	the	the	DET
fsr-3420	146	63	average	average	ADJ
fsr-3420	146	64	annual	annual	ADJ
fsr-3420	146	65	real	real	ADJ
fsr-3420	146	66	return	return	NOUN
fsr-3420	146	67	over	over	ADP
fsr-3420	146	68	both	both	DET
fsr-3420	146	69	30	30	NUM
fsr-3420	146	70	-	-	PUNCT
fsr-3420	146	71	year	year	NOUN
fsr-3420	146	72	periods	period	NOUN
fsr-3420	146	73	was	be	AUX
fsr-3420	146	74	practically	practically	ADV
fsr-3420	146	75	the	the	DET
fsr-3420	146	76	same	same	ADJ
fsr-3420	146	77	(	(	PUNCT
fsr-3420	146	78	7.2	7.2	NUM
fsr-3420	146	79	%	%	NOUN
fsr-3420	146	80	)	)	PUNCT
fsr-3420	146	81	.	.	PUNCT
fsr-3420	147	1	e.d	e.d	PROPN
fsr-3420	147	2	.	.	PROPN
fsr-3420	147	3	suarez	suarez	PROPN
fsr-3420	147	4	/	/	SYM
fsr-3420	147	5	financial	financial	ADJ
fsr-3420	147	6	services	service	NOUN
fsr-3420	147	7	review	review	VERB
fsr-3420	147	8	28	28	NUM
fsr-3420	147	9	(	(	PUNCT
fsr-3420	147	10	2020	2020	NUM
fsr-3420	147	11	)	)	PUNCT
fsr-3420	148	1	96–132	96–132	NUM
fsr-3420	148	2	103	103	NUM
fsr-3420	148	3	if	if	SCONJ
fsr-3420	148	4	we	we	PRON
fsr-3420	148	5	express	express	VERB
fsr-3420	148	6	the	the	DET
fsr-3420	148	7	final	final	ADJ
fsr-3420	148	8	balance	balance	NOUN
fsr-3420	148	9	as	as	ADP
fsr-3420	148	10	a	a	DET
fsr-3420	148	11	fraction	fraction	NOUN
fsr-3420	148	12	of	of	ADP
fsr-3420	148	13	the	the	DET
fsr-3420	148	14	starting	start	VERB
fsr-3420	148	15	balance	balance	NOUN
fsr-3420	148	16	and	and	CCONJ
fsr-3420	148	17	define	define	VERB
fsr-3420	148	18	the	the	DET
fsr-3420	148	19	withdrawal	withdrawal	NOUN
fsr-3420	148	20	rate	rate	NOUN
fsr-3420	148	21	r	r	NOUN
fsr-3420	148	22	=	=	PROPN
fsr-3420	148	23	w	w	NOUN
fsr-3420	148	24	/	/	SYM
fsr-3420	148	25	ks	ks	NOUN
fsr-3420	148	26	,	,	PUNCT
fsr-3420	148	27	we	we	PRON
fsr-3420	148	28	get	get	VERB
fsr-3420	148	29	:	:	PUNCT
fsr-3420	148	30	ke	ke	NOUN
fsr-3420	148	31	=	=	NOUN
fsr-3420	148	32	ks	ks	PROPN
fsr-3420	148	33	¼	¼	NOUN
fsr-3420	148	34	rn	rn	PROPN
fsr-3420	148	35	�	�	PROPN
fsr-3420	149	1	r	r	PROPN
fsr-3420	149	2	=	=	PROPN
fsr-3420	149	3	sn	sn	X
fsr-3420	149	4	(	(	PUNCT
fsr-3420	149	5	7	7	X
fsr-3420	149	6	)	)	PUNCT
fsr-3420	149	7	fig	fig	NOUN
fsr-3420	149	8	.	.	PUNCT
fsr-3420	150	1	5	5	NUM
fsr-3420	150	2	presents	present	VERB
fsr-3420	150	3	the	the	DET
fsr-3420	150	4	results	result	NOUN
fsr-3420	150	5	of	of	ADP
fsr-3420	150	6	eq	eq	PROPN
fsr-3420	150	7	.	.	PUNCT
fsr-3420	151	1	(	(	PUNCT
fsr-3420	151	2	7	7	NUM
fsr-3420	151	3	)	)	PUNCT
fsr-3420	151	4	,	,	PUNCT
fsr-3420	151	5	over	over	ADP
fsr-3420	151	6	30	30	NUM
fsr-3420	151	7	-	-	PUNCT
fsr-3420	151	8	year	year	NOUN
fsr-3420	151	9	periods	period	NOUN
fsr-3420	151	10	,	,	PUNCT
fsr-3420	151	11	for	for	ADP
fsr-3420	151	12	an	an	DET
fsr-3420	151	13	all	all	DET
fsr-3420	151	14	-	-	PUNCT
fsr-3420	151	15	stocks	stock	NOUN
fsr-3420	151	16	portfolio	portfolio	NOUN
fsr-3420	151	17	using	use	VERB
fsr-3420	151	18	r	r	NOUN
fsr-3420	151	19	=	=	PUNCT
fsr-3420	151	20	4%—the	4%—the	DET
fsr-3420	151	21	4	4	NUM
fsr-3420	151	22	%	%	NOUN
fsr-3420	151	23	rule	rule	NOUN
fsr-3420	151	24	.	.	PUNCT
fsr-3420	152	1	this	this	DET
fsr-3420	152	2	chart	chart	NOUN
fsr-3420	152	3	brings	bring	VERB
fsr-3420	152	4	forward	forward	ADV
fsr-3420	152	5	a	a	DET
fsr-3420	152	6	point	point	NOUN
fsr-3420	152	7	that	that	PRON
fsr-3420	152	8	was	be	AUX
fsr-3420	152	9	made	make	VERB
fsr-3420	152	10	in	in	ADP
fsr-3420	152	11	ssw	ssw	PROPN
fsr-3420	152	12	,	,	PUNCT
fsr-3420	152	13	namely	namely	ADV
fsr-3420	152	14	,	,	PUNCT
fsr-3420	152	15	that	that	SCONJ
fsr-3420	152	16	choosing	choose	VERB
fsr-3420	152	17	a	a	DET
fsr-3420	152	18	withdrawal	withdrawal	NOUN
fsr-3420	152	19	amount	amount	NOUN
fsr-3420	152	20	that	that	PRON
fsr-3420	152	21	provides	provide	VERB
fsr-3420	152	22	a	a	DET
fsr-3420	152	23	high	high	ADJ
fsr-3420	152	24	safety	safety	NOUN
fsr-3420	152	25	level	level	NOUN
fsr-3420	152	26	is	be	AUX
fsr-3420	152	27	tantamount	tantamount	ADJ
fsr-3420	152	28	to	to	ADP
fsr-3420	152	29	accepting	accept	VERB
fsr-3420	152	30	a	a	DET
fsr-3420	152	31	high	high	ADJ
fsr-3420	152	32	probability	probability	NOUN
fsr-3420	152	33	of	of	ADP
fsr-3420	152	34	ending	end	VERB
fsr-3420	152	35	up	up	ADP
fsr-3420	152	36	with	with	ADP
fsr-3420	152	37	an	an	DET
fsr-3420	152	38	account	account	NOUN
fsr-3420	152	39	balance	balance	NOUN
fsr-3420	152	40	much	much	ADV
fsr-3420	152	41	larger	large	ADJ
fsr-3420	152	42	than	than	ADP
fsr-3420	152	43	what	what	PRON
fsr-3420	152	44	was	be	AUX
fsr-3420	152	45	intended	intend	VERB
fsr-3420	152	46	.	.	PUNCT
fsr-3420	153	1	we	we	PRON
fsr-3420	153	2	find	find	VERB
fsr-3420	153	3	that	that	SCONJ
fsr-3420	153	4	in	in	ADP
fsr-3420	153	5	81	81	NUM
fsr-3420	153	6	%	%	NOUN
fsr-3420	153	7	of	of	ADP
fsr-3420	153	8	the	the	DET
fsr-3420	153	9	periods	period	NOUN
fsr-3420	153	10	,	,	PUNCT
fsr-3420	153	11	following	follow	VERB
fsr-3420	153	12	the	the	DET
fsr-3420	153	13	4	4	NUM
fsr-3420	153	14	%	%	NOUN
fsr-3420	153	15	rule	rule	NOUN
fsr-3420	153	16	would	would	AUX
fsr-3420	153	17	have	have	AUX
fsr-3420	153	18	left	leave	VERB
fsr-3420	153	19	the	the	DET
fsr-3420	153	20	investor	investor	NOUN
fsr-3420	153	21	with	with	ADP
fsr-3420	153	22	more	more	ADJ
fsr-3420	153	23	money	money	NOUN
fsr-3420	153	24	—	—	PUNCT
fsr-3420	153	25	in	in	ADP
fsr-3420	153	26	real	real	ADJ
fsr-3420	153	27	terms	term	NOUN
fsr-3420	153	28	—	—	PUNCT
fsr-3420	153	29	than	than	ADP
fsr-3420	153	30	what	what	PRON
fsr-3420	153	31	she	she	PRON
fsr-3420	153	32	had	have	AUX
fsr-3420	153	33	at	at	ADP
fsr-3420	153	34	the	the	DET
fsr-3420	153	35	beginning	beginning	NOUN
fsr-3420	153	36	(	(	PUNCT
fsr-3420	153	37	instead	instead	ADV
fsr-3420	153	38	of	of	ADP
fsr-3420	153	39	exhausting	exhaust	VERB
fsr-3420	153	40	the	the	DET
fsr-3420	153	41	balance	balance	NOUN
fsr-3420	153	42	)	)	PUNCT
fsr-3420	153	43	.	.	PUNCT
fsr-3420	154	1	in	in	ADP
fsr-3420	154	2	almost	almost	ADV
fsr-3420	154	3	two	two	NUM
fsr-3420	154	4	-	-	PUNCT
fsr-3420	154	5	thirds	third	NOUN
fsr-3420	154	6	of	of	ADP
fsr-3420	154	7	the	the	DET
fsr-3420	154	8	historical	historical	ADJ
fsr-3420	154	9	instances	instance	NOUN
fsr-3420	154	10	the	the	DET
fsr-3420	154	11	final	final	ADJ
fsr-3420	154	12	balance	balance	NOUN
fsr-3420	154	13	would	would	AUX
fsr-3420	154	14	have	have	AUX
fsr-3420	154	15	been	be	AUX
fsr-3420	154	16	more	more	ADJ
fsr-3420	154	17	than	than	ADP
fsr-3420	154	18	twice	twice	DET
fsr-3420	154	19	the	the	DET
fsr-3420	154	20	starting	start	VERB
fsr-3420	154	21	balance	balance	NOUN
fsr-3420	154	22	.	.	PUNCT
fsr-3420	155	1	an	an	PRON
fsr-3420	155	2	in	in	ADP
fsr-3420	155	3	fully	fully	ADV
fsr-3420	155	4	one	one	NUM
fsr-3420	155	5	-	-	PUNCT
fsr-3420	155	6	third	third	NOUN
fsr-3420	155	7	of	of	ADP
fsr-3420	155	8	the	the	DET
fsr-3420	155	9	cases	case	NOUN
fsr-3420	155	10	the	the	DET
fsr-3420	155	11	account	account	NOUN
fsr-3420	155	12	would	would	AUX
fsr-3420	155	13	have	have	AUX
fsr-3420	155	14	closed	close	VERB
fsr-3420	155	15	with	with	ADP
fsr-3420	155	16	five	five	NUM
fsr-3420	155	17	times	time	NOUN
fsr-3420	155	18	or	or	CCONJ
fsr-3420	155	19	more	more	ADJ
fsr-3420	155	20	the	the	DET
fsr-3420	155	21	original	original	ADJ
fsr-3420	155	22	money	money	NOUN
fsr-3420	155	23	!	!	PUNCT
fsr-3420	156	1	since	since	SCONJ
fsr-3420	156	2	overaccumulation	overaccumulation	NOUN
fsr-3420	156	3	means	mean	VERB
fsr-3420	156	4	that	that	SCONJ
fsr-3420	156	5	the	the	DET
fsr-3420	156	6	retiree	retiree	NOUN
fsr-3420	156	7	’s	’s	PART
fsr-3420	156	8	standard	standard	NOUN
fsr-3420	156	9	of	of	ADP
fsr-3420	156	10	living	living	NOUN
fsr-3420	156	11	was	be	AUX
fsr-3420	156	12	unnecessarily	unnecessarily	ADV
fsr-3420	156	13	restricted	restrict	VERB
fsr-3420	156	14	,	,	PUNCT
fsr-3420	156	15	the	the	DET
fsr-3420	156	16	fact	fact	NOUN
fsr-3420	156	17	that	that	SCONJ
fsr-3420	156	18	it	it	PRON
fsr-3420	156	19	has	have	AUX
fsr-3420	156	20	happened	happen	VERB
fsr-3420	156	21	so	so	ADV
fsr-3420	156	22	frequently	frequently	ADV
fsr-3420	156	23	under	under	ADP
fsr-3420	156	24	the	the	DET
fsr-3420	156	25	4	4	NUM
fsr-3420	156	26	%	%	NOUN
fsr-3420	156	27	rule	rule	NOUN
fsr-3420	156	28	(	(	PUNCT
fsr-3420	156	29	and	and	CCONJ
fsr-3420	156	30	that	that	SCONJ
fsr-3420	156	31	it	it	PRON
fsr-3420	156	32	is	be	AUX
fsr-3420	156	33	so	so	ADV
fsr-3420	156	34	large	large	ADJ
fsr-3420	156	35	)	)	PUNCT
fsr-3420	156	36	is	be	AUX
fsr-3420	156	37	in	in	ADP
fsr-3420	156	38	itself	itself	PRON
fsr-3420	156	39	a	a	DET
fsr-3420	156	40	significant	significant	ADJ
fsr-3420	156	41	drawback	drawback	NOUN
fsr-3420	156	42	for	for	ADP
fsr-3420	156	43	this	this	DET
fsr-3420	156	44	common	common	ADJ
fsr-3420	156	45	recommendation	recommendation	NOUN
fsr-3420	156	46	.	.	PUNCT
fsr-3420	157	1	additionally	additionally	ADV
fsr-3420	157	2	,	,	PUNCT
fsr-3420	157	3	when	when	SCONJ
fsr-3420	157	4	we	we	PRON
fsr-3420	157	5	consider	consider	VERB
fsr-3420	157	6	that	that	SCONJ
fsr-3420	157	7	retirement	retirement	NOUN
fsr-3420	157	8	savings	saving	NOUN
fsr-3420	157	9	accounts	account	NOUN
fsr-3420	157	10	are	be	AUX
fsr-3420	157	11	rarely	rarely	ADV
fsr-3420	157	12	the	the	DET
fsr-3420	157	13	only	only	ADJ
fsr-3420	157	14	source	source	NOUN
fsr-3420	157	15	of	of	ADP
fsr-3420	157	16	income	income	NOUN
fsr-3420	157	17	for	for	ADP
fsr-3420	157	18	retirees3	retirees3	PROPN
fsr-3420	157	19	—	—	PUNCT
fsr-3420	157	20	so	so	SCONJ
fsr-3420	157	21	that	that	SCONJ
fsr-3420	157	22	even	even	ADV
fsr-3420	157	23	if	if	SCONJ
fsr-3420	157	24	withdrawals	withdrawal	NOUN
fsr-3420	157	25	exhaust	exhaust	VERB
fsr-3420	157	26	the	the	DET
fsr-3420	157	27	balance	balance	NOUN
fsr-3420	157	28	,	,	PUNCT
fsr-3420	157	29	there	there	PRON
fsr-3420	157	30	is	be	VERB
fsr-3420	157	31	usually	usually	ADV
fsr-3420	157	32	another	another	DET
fsr-3420	157	33	source	source	NOUN
fsr-3420	157	34	of	of	ADP
fsr-3420	157	35	funds	fund	NOUN
fsr-3420	157	36	—	—	PUNCT
fsr-3420	157	37	a	a	DET
fsr-3420	157	38	likely	likely	ADJ
fsr-3420	157	39	culprit	culprit	NOUN
fsr-3420	157	40	for	for	ADP
fsr-3420	157	41	this	this	DET
fsr-3420	157	42	excess	excess	ADJ
fsr-3420	157	43	balance	balance	NOUN
fsr-3420	157	44	comes	come	VERB
fsr-3420	157	45	to	to	ADP
fsr-3420	157	46	the	the	DET
fsr-3420	157	47	fore	fore	NOUN
fsr-3420	157	48	:	:	PUNCT
fsr-3420	157	49	using	use	VERB
fsr-3420	157	50	90	90	NUM
fsr-3420	157	51	%	%	NOUN
fsr-3420	157	52	as	as	ADP
fsr-3420	157	53	the	the	DET
fsr-3420	157	54	chosen	choose	VERB
fsr-3420	157	55	safety	safety	NOUN
fsr-3420	157	56	level	level	NOUN
fsr-3420	157	57	is	be	AUX
fsr-3420	157	58	probably	probably	ADV
fsr-3420	157	59	an	an	DET
fsr-3420	157	60	inadequate	inadequate	ADJ
fsr-3420	157	61	requirement	requirement	NOUN
fsr-3420	157	62	for	for	ADP
fsr-3420	157	63	an	an	DET
fsr-3420	157	64	adaptive	adaptive	ADJ
fsr-3420	157	65	plan	plan	NOUN
fsr-3420	157	66	.	.	PUNCT
fsr-3420	158	1	fig	fig	NOUN
fsr-3420	158	2	.	.	PUNCT
fsr-3420	159	1	4	4	X
fsr-3420	159	2	.	.	NOUN
fsr-3420	159	3	frequency	frequency	NOUN
fsr-3420	159	4	distribution	distribution	NOUN
fsr-3420	159	5	of	of	ADP
fsr-3420	159	6	pwr	pwr	NOUN
fsr-3420	159	7	in	in	ADP
fsr-3420	159	8	standard	standard	ADJ
fsr-3420	159	9	scenario	scenario	NOUN
fsr-3420	159	10	.	.	PUNCT
fsr-3420	160	1	in	in	ADP
fsr-3420	160	2	the	the	DET
fsr-3420	160	3	standard	standard	ADJ
fsr-3420	160	4	scenario	scenario	NOUN
fsr-3420	160	5	the	the	DET
fsr-3420	160	6	portfolio	portfolio	NOUN
fsr-3420	160	7	is	be	AUX
fsr-3420	160	8	invested	invest	VERB
fsr-3420	160	9	entirely	entirely	ADV
fsr-3420	160	10	in	in	ADP
fsr-3420	160	11	stocks	stock	NOUN
fsr-3420	160	12	and	and	CCONJ
fsr-3420	160	13	is	be	AUX
fsr-3420	160	14	completely	completely	ADV
fsr-3420	160	15	depleted	deplete	VERB
fsr-3420	160	16	(	(	PUNCT
fsr-3420	160	17	no	no	DET
fsr-3420	160	18	bequest	bequest	NOUN
fsr-3420	160	19	)	)	PUNCT
fsr-3420	160	20	after	after	ADP
fsr-3420	160	21	30	30	NUM
fsr-3420	160	22	years	year	NOUN
fsr-3420	160	23	.	.	PUNCT
fsr-3420	161	1	the	the	DET
fsr-3420	161	2	first	first	ADJ
fsr-3420	161	3	decile	decile	NOUN
fsr-3420	161	4	cutoff	cutoff	NOUN
fsr-3420	161	5	is	be	AUX
fsr-3420	161	6	at	at	ADP
fsr-3420	161	7	4.27	4.27	NUM
fsr-3420	161	8	%	%	NOUN
fsr-3420	161	9	,	,	PUNCT
fsr-3420	161	10	so	so	CCONJ
fsr-3420	161	11	this	this	PRON
fsr-3420	161	12	is	be	AUX
fsr-3420	161	13	the	the	DET
fsr-3420	161	14	“	"	PUNCT
fsr-3420	161	15	90%-safe	90%-safe	NUM
fsr-3420	161	16	”	"	PUNCT
fsr-3420	161	17	withdrawal	withdrawal	NOUN
fsr-3420	161	18	rate	rate	NOUN
fsr-3420	161	19	in	in	ADP
fsr-3420	161	20	this	this	DET
fsr-3420	161	21	case	case	NOUN
fsr-3420	161	22	.	.	PUNCT
fsr-3420	162	1	104	104	NUM
fsr-3420	162	2	e.d	e.d	PROPN
fsr-3420	162	3	.	.	PROPN
fsr-3420	162	4	suarez	suarez	PROPN
fsr-3420	162	5	/	/	SYM
fsr-3420	162	6	financial	financial	ADJ
fsr-3420	162	7	services	service	NOUN
fsr-3420	162	8	review	review	VERB
fsr-3420	162	9	28	28	NUM
fsr-3420	162	10	(	(	PUNCT
fsr-3420	162	11	2020	2020	NUM
fsr-3420	162	12	)	)	PUNCT
fsr-3420	163	1	96–132	96–132	NUM
fsr-3420	163	2	returning	return	VERB
fsr-3420	163	3	to	to	ADP
fsr-3420	163	4	fig	fig	NOUN
fsr-3420	163	5	.	.	PUNCT
fsr-3420	164	1	2	2	NUM
fsr-3420	164	2	,	,	PUNCT
fsr-3420	164	3	we	we	PRON
fsr-3420	164	4	see	see	VERB
fsr-3420	164	5	basically	basically	ADV
fsr-3420	164	6	three	three	NUM
fsr-3420	164	7	“	"	PUNCT
fsr-3420	164	8	times	time	NOUN
fsr-3420	164	9	”	"	PUNCT
fsr-3420	164	10	when	when	SCONJ
fsr-3420	164	11	the	the	DET
fsr-3420	164	12	pwr	pwr	NOUN
fsr-3420	164	13	dipped	dip	VERB
fsr-3420	164	14	below	below	ADP
fsr-3420	164	15	the	the	DET
fsr-3420	164	16	4	4	NUM
fsr-3420	164	17	%	%	NOUN
fsr-3420	164	18	level	level	NOUN
fsr-3420	164	19	.	.	PUNCT
fsr-3420	165	1	first	first	ADV
fsr-3420	165	2	,	,	PUNCT
fsr-3420	165	3	there	there	PRON
fsr-3420	165	4	are	be	VERB
fsr-3420	165	5	the	the	DET
fsr-3420	165	6	periods	period	NOUN
fsr-3420	165	7	starting	start	VERB
fsr-3420	165	8	in	in	ADP
fsr-3420	165	9	december	december	PROPN
fsr-3420	165	10	1928	1928	NUM
fsr-3420	165	11	through	through	ADP
fsr-3420	165	12	november	november	PROPN
fsr-3420	165	13	1929	1929	NUM
fsr-3420	165	14	,	,	PUNCT
fsr-3420	165	15	or	or	CCONJ
fsr-3420	165	16	in	in	ADP
fsr-3420	165	17	march	march	PROPN
fsr-3420	165	18	1930	1930	NUM
fsr-3420	165	19	through	through	ADP
fsr-3420	165	20	june	june	PROPN
fsr-3420	165	21	1930	1930	NUM
fsr-3420	165	22	.	.	PUNCT
fsr-3420	166	1	anybody	anybody	PRON
fsr-3420	166	2	who	who	PRON
fsr-3420	166	3	started	start	VERB
fsr-3420	166	4	retirement	retirement	NOUN
fsr-3420	166	5	in	in	ADP
fsr-3420	166	6	these	these	DET
fsr-3420	166	7	specific	specific	ADJ
fsr-3420	166	8	months	month	NOUN
fsr-3420	166	9	,	,	PUNCT
fsr-3420	166	10	with	with	ADP
fsr-3420	166	11	stocks	stock	NOUN
fsr-3420	166	12	as	as	ADP
fsr-3420	166	13	their	their	PRON
fsr-3420	166	14	savings	saving	NOUN
fsr-3420	166	15	vehicle	vehicle	NOUN
fsr-3420	166	16	,	,	PUNCT
fsr-3420	166	17	would	would	AUX
fsr-3420	166	18	have	have	AUX
fsr-3420	166	19	met	meet	VERB
fsr-3420	166	20	the	the	DET
fsr-3420	166	21	brunt	brunt	NOUN
fsr-3420	166	22	of	of	ADP
fsr-3420	166	23	the	the	DET
fsr-3420	166	24	great	great	ADJ
fsr-3420	166	25	depression	depression	NOUN
fsr-3420	166	26	at	at	ADP
fsr-3420	166	27	a	a	DET
fsr-3420	166	28	very	very	ADV
fsr-3420	166	29	early	early	ADJ
fsr-3420	166	30	stage	stage	NOUN
fsr-3420	166	31	of	of	ADP
fsr-3420	166	32	their	their	PRON
fsr-3420	166	33	retirement	retirement	NOUN
fsr-3420	166	34	period	period	NOUN
fsr-3420	166	35	,	,	PUNCT
fsr-3420	166	36	which	which	PRON
fsr-3420	166	37	is	be	AUX
fsr-3420	166	38	when	when	SCONJ
fsr-3420	166	39	the	the	DET
fsr-3420	166	40	retiree	retiree	NOUN
fsr-3420	166	41	’s	’s	PART
fsr-3420	166	42	financial	financial	ADJ
fsr-3420	166	43	situation	situation	NOUN
fsr-3420	166	44	is	be	AUX
fsr-3420	166	45	most	most	ADV
fsr-3420	166	46	vulnerable	vulnerable	ADJ
fsr-3420	166	47	.	.	PUNCT
fsr-3420	167	1	in	in	ADP
fsr-3420	167	2	the	the	DET
fsr-3420	167	3	first	first	ADJ
fsr-3420	167	4	period	period	NOUN
fsr-3420	167	5	mentioned	mention	VERB
fsr-3420	167	6	,	,	PUNCT
fsr-3420	167	7	for	for	ADP
fsr-3420	167	8	example	example	NOUN
fsr-3420	167	9	,	,	PUNCT
fsr-3420	167	10	they	they	PRON
fsr-3420	167	11	suffered	suffer	VERB
fsr-3420	167	12	the	the	DET
fsr-3420	167	13	huge	huge	ADJ
fsr-3420	167	14	crashes	crash	NOUN
fsr-3420	167	15	of	of	ADP
fsr-3420	167	16	october	october	PROPN
fsr-3420	167	17	and	and	CCONJ
fsr-3420	167	18	november	november	PROPN
fsr-3420	167	19	1929	1929	NUM
fsr-3420	167	20	(	(	PUNCT
fsr-3420	167	21	-19.7	-19.7	SYM
fsr-3420	167	22	%	%	NOUN
fsr-3420	167	23	and	and	CCONJ
fsr-3420	167	24	�	�	PROPN
fsr-3420	167	25	12.5	12.5	NUM
fsr-3420	167	26	%	%	NOUN
fsr-3420	167	27	,	,	PUNCT
fsr-3420	167	28	respectively	respectively	ADV
fsr-3420	167	29	,	,	PUNCT
fsr-3420	167	30	in	in	ADP
fsr-3420	167	31	real	real	ADJ
fsr-3420	167	32	terms	term	NOUN
fsr-3420	167	33	)	)	PUNCT
fsr-3420	167	34	during	during	ADP
fsr-3420	167	35	their	their	PRON
fsr-3420	167	36	very	very	ADV
fsr-3420	167	37	first	first	ADJ
fsr-3420	167	38	year	year	NOUN
fsr-3420	167	39	of	of	ADP
fsr-3420	167	40	retirement	retirement	NOUN
fsr-3420	167	41	.	.	PUNCT
fsr-3420	168	1	everybody	everybody	PRON
fsr-3420	168	2	in	in	ADP
fsr-3420	168	3	this	this	DET
fsr-3420	168	4	group	group	NOUN
fsr-3420	168	5	bore	bear	VERB
fsr-3420	168	6	the	the	DET
fsr-3420	168	7	losses	loss	NOUN
fsr-3420	168	8	of	of	ADP
fsr-3420	168	9	june	june	PROPN
fsr-3420	168	10	and	and	CCONJ
fsr-3420	168	11	september	september	PROPN
fsr-3420	168	12	1930	1930	NUM
fsr-3420	169	1	(	(	PUNCT
fsr-3420	169	2	-15.8	-15.8	NUM
fsr-3420	169	3	%	%	INTJ
fsr-3420	169	4	,	,	PUNCT
fsr-3420	169	5	�	�	PROPN
fsr-3420	169	6	13.3	13.3	NUM
fsr-3420	169	7	%	%	NOUN
fsr-3420	169	8	)	)	PUNCT
fsr-3420	169	9	and	and	CCONJ
fsr-3420	169	10	also	also	ADV
fsr-3420	169	11	took	take	VERB
fsr-3420	169	12	,	,	PUNCT
fsr-3420	169	13	only	only	ADV
fsr-3420	169	14	one	one	NUM
fsr-3420	169	15	year	year	NOUN
fsr-3420	169	16	later	later	ADV
fsr-3420	169	17	,	,	PUNCT
fsr-3420	169	18	the	the	DET
fsr-3420	169	19	largest	large	ADJ
fsr-3420	169	20	one	one	NUM
fsr-3420	169	21	-	-	PUNCT
fsr-3420	169	22	month	month	NOUN
fsr-3420	169	23	drop	drop	NOUN
fsr-3420	169	24	in	in	ADP
fsr-3420	169	25	the	the	DET
fsr-3420	169	26	history	history	NOUN
fsr-3420	169	27	of	of	ADP
fsr-3420	169	28	the	the	DET
fsr-3420	169	29	stock	stock	NOUN
fsr-3420	169	30	market	market	NOUN
fsr-3420	169	31	(	(	PUNCT
fsr-3420	169	32	-29.3	-29.3	NOUN
fsr-3420	169	33	%	%	INTJ
fsr-3420	169	34	,	,	PUNCT
fsr-3420	169	35	september	september	PROPN
fsr-3420	169	36	1931	1931	NUM
fsr-3420	169	37	)	)	PUNCT
fsr-3420	169	38	.	.	PUNCT
fsr-3420	170	1	furthermore	furthermore	ADV
fsr-3420	170	2	,	,	PUNCT
fsr-3420	170	3	a	a	DET
fsr-3420	170	4	few	few	ADJ
fsr-3420	170	5	months	month	NOUN
fsr-3420	170	6	after	after	ADP
fsr-3420	170	7	that	that	PRON
fsr-3420	170	8	,	,	PUNCT
fsr-3420	170	9	stocks	stock	NOUN
fsr-3420	170	10	fell	fall	VERB
fsr-3420	170	11	an	an	DET
fsr-3420	170	12	additional	additional	ADJ
fsr-3420	170	13	43.2	43.2	NUM
fsr-3420	170	14	%	%	NOUN
fsr-3420	170	15	in	in	ADP
fsr-3420	170	16	the	the	DET
fsr-3420	170	17	three	three	NUM
fsr-3420	170	18	-	-	PUNCT
fsr-3420	170	19	month	month	NOUN
fsr-3420	170	20	period	period	NOUN
fsr-3420	170	21	of	of	ADP
fsr-3420	170	22	march	march	PROPN
fsr-3420	170	23	through	through	ADP
fsr-3420	170	24	may	may	PROPN
fsr-3420	170	25	1932	1932	NUM
fsr-3420	170	26	.	.	PUNCT
fsr-3420	171	1	all	all	DET
fsr-3420	171	2	this	this	PRON
fsr-3420	171	3	would	would	AUX
fsr-3420	171	4	seem	seem	VERB
fsr-3420	171	5	obvious	obvious	ADJ
fsr-3420	171	6	if	if	SCONJ
fsr-3420	171	7	not	not	PART
fsr-3420	171	8	for	for	ADP
fsr-3420	171	9	the	the	DET
fsr-3420	171	10	fact	fact	NOUN
fsr-3420	171	11	that	that	SCONJ
fsr-3420	171	12	the	the	DET
fsr-3420	171	13	pwr	pwr	NOUN
fsr-3420	171	14	turned	turn	VERB
fsr-3420	171	15	out	out	ADP
fsr-3420	171	16	to	to	PART
fsr-3420	171	17	be	be	AUX
fsr-3420	171	18	much	much	ADV
fsr-3420	171	19	higher	high	ADJ
fsr-3420	171	20	(	(	PUNCT
fsr-3420	171	21	in	in	ADP
fsr-3420	171	22	the	the	DET
fsr-3420	171	23	6%–8	6%–8	NUM
fsr-3420	171	24	%	%	NOUN
fsr-3420	171	25	range	range	NOUN
fsr-3420	171	26	)	)	PUNCT
fsr-3420	171	27	for	for	ADP
fsr-3420	171	28	people	people	NOUN
fsr-3420	171	29	who	who	PRON
fsr-3420	171	30	retired	retire	VERB
fsr-3420	171	31	only	only	ADV
fsr-3420	171	32	a	a	DET
fsr-3420	171	33	few	few	ADJ
fsr-3420	171	34	months	month	NOUN
fsr-3420	171	35	earlier	early	ADV
fsr-3420	171	36	.	.	PUNCT
fsr-3420	172	1	indeed	indeed	ADV
fsr-3420	172	2	,	,	PUNCT
fsr-3420	172	3	for	for	ADP
fsr-3420	172	4	people	people	NOUN
fsr-3420	172	5	who	who	PRON
fsr-3420	172	6	retired	retire	VERB
fsr-3420	172	7	in	in	ADP
fsr-3420	172	8	july	july	PROPN
fsr-3420	172	9	1927	1927	NUM
fsr-3420	172	10	(	(	PUNCT
fsr-3420	172	11	only	only	ADV
fsr-3420	172	12	17months	17month	NOUN
fsr-3420	172	13	before	before	ADP
fsr-3420	172	14	the	the	DET
fsr-3420	172	15	first	first	ADJ
fsr-3420	172	16	of	of	ADP
fsr-3420	172	17	our	our	PRON
fsr-3420	172	18	ill	ill	ADV
fsr-3420	172	19	-	-	PUNCT
fsr-3420	172	20	fated	fate	VERB
fsr-3420	172	21	groups	group	NOUN
fsr-3420	172	22	)	)	PUNCT
fsr-3420	172	23	the	the	DET
fsr-3420	172	24	pwr	pwr	NOUN
fsr-3420	172	25	was	be	AUX
fsr-3420	172	26	6.2	6.2	NUM
fsr-3420	172	27	%	%	NOUN
fsr-3420	172	28	.	.	PUNCT
fsr-3420	173	1	if	if	SCONJ
fsr-3420	173	2	the	the	DET
fsr-3420	173	3	retirement	retirement	NOUN
fsr-3420	173	4	period	period	NOUN
fsr-3420	173	5	had	have	AUX
fsr-3420	173	6	started	start	VERB
fsr-3420	173	7	in	in	ADP
fsr-3420	173	8	august	august	PROPN
fsr-3420	173	9	1931	1931	NUM
fsr-3420	173	10	—	—	PUNCT
fsr-3420	173	11	taking	take	VERB
fsr-3420	173	12	the	the	DET
fsr-3420	173	13	“	"	PUNCT
fsr-3420	173	14	mother	mother	NOUN
fsr-3420	173	15	of	of	ADP
fsr-3420	173	16	all	all	DET
fsr-3420	173	17	crashes	crash	NOUN
fsr-3420	173	18	”	"	PUNCT
fsr-3420	173	19	head	head	NOUN
fsr-3420	173	20	on	on	ADP
fsr-3420	173	21	,	,	PUNCT
fsr-3420	173	22	and	and	CCONJ
fsr-3420	173	23	then	then	ADV
fsr-3420	173	24	going	go	VERB
fsr-3420	173	25	through	through	ADP
fsr-3420	173	26	the	the	DET
fsr-3420	173	27	ordeal	ordeal	NOUN
fsr-3420	173	28	of	of	ADP
fsr-3420	173	29	the	the	DET
fsr-3420	173	30	spring	spring	NOUN
fsr-3420	173	31	of	of	ADP
fsr-3420	173	32	‘	'	PUNCT
fsr-3420	173	33	32	32	NUM
fsr-3420	173	34	—	—	PUNCT
fsr-3420	173	35	the	the	DET
fsr-3420	173	36	pwr	pwr	NOUN
fsr-3420	173	37	would	would	AUX
fsr-3420	173	38	still	still	ADV
fsr-3420	173	39	have	have	AUX
fsr-3420	173	40	been	be	AUX
fsr-3420	173	41	5.9	5.9	NUM
fsr-3420	173	42	%	%	NOUN
fsr-3420	173	43	.	.	PUNCT
fsr-3420	174	1	and	and	CCONJ
fsr-3420	174	2	if	if	SCONJ
fsr-3420	174	3	the	the	DET
fsr-3420	174	4	retirement	retirement	NOUN
fsr-3420	174	5	period	period	NOUN
fsr-3420	174	6	had	have	AUX
fsr-3420	174	7	started	start	VERB
fsr-3420	174	8	only	only	ADV
fsr-3420	174	9	a	a	DET
fsr-3420	174	10	little	little	ADJ
fsr-3420	174	11	after	after	ADP
fsr-3420	174	12	this	this	DET
fsr-3420	174	13	turmoil	turmoil	NOUN
fsr-3420	174	14	,	,	PUNCT
fsr-3420	174	15	in	in	ADP
fsr-3420	174	16	july	july	PROPN
fsr-3420	174	17	1932	1932	NUM
fsr-3420	174	18	,	,	PUNCT
fsr-3420	174	19	the	the	DET
fsr-3420	174	20	retiree	retiree	NOUN
fsr-3420	174	21	would	would	AUX
fsr-3420	174	22	have	have	AUX
fsr-3420	174	23	obtained	obtain	VERB
fsr-3420	174	24	the	the	DET
fsr-3420	174	25	highest	high	ADJ
fsr-3420	174	26	pwr	pwr	NOUN
fsr-3420	174	27	ever	ever	ADV
fsr-3420	174	28	recorded	record	VERB
fsr-3420	174	29	—	—	PUNCT
fsr-3420	174	30	an	an	DET
fsr-3420	174	31	eye	eye	NOUN
fsr-3420	174	32	-	-	PUNCT
fsr-3420	174	33	popping	pop	VERB
fsr-3420	174	34	15.3%—even	15.3%—even	NUM
fsr-3420	174	35	though	though	SCONJ
fsr-3420	174	36	the	the	DET
fsr-3420	174	37	awful	awful	ADJ
fsr-3420	174	38	returns	return	NOUN
fsr-3420	174	39	of	of	ADP
fsr-3420	174	40	1937	1937	NUM
fsr-3420	174	41	would	would	AUX
fsr-3420	174	42	have	have	AUX
fsr-3420	174	43	hit	hit	VERB
fsr-3420	174	44	her	she	PRON
fsr-3420	174	45	while	while	SCONJ
fsr-3420	174	46	still	still	ADV
fsr-3420	174	47	in	in	ADP
fsr-3420	174	48	the	the	DET
fsr-3420	174	49	first	first	ADJ
fsr-3420	174	50	stage	stage	NOUN
fsr-3420	174	51	of	of	ADP
fsr-3420	174	52	the	the	DET
fsr-3420	174	53	retirement	retirement	NOUN
fsr-3420	174	54	period	period	NOUN
fsr-3420	174	55	.	.	PUNCT
fsr-3420	175	1	fig	fig	NOUN
fsr-3420	175	2	.	.	PUNCT
fsr-3420	176	1	5	5	X
fsr-3420	176	2	.	.	X
fsr-3420	176	3	final	final	ADJ
fsr-3420	176	4	balance	balance	NOUN
fsr-3420	176	5	for	for	ADP
fsr-3420	176	6	100%-stocks	100%-stock	NOUN
fsr-3420	176	7	portfolio	portfolio	NOUN
fsr-3420	176	8	under	under	ADP
fsr-3420	176	9	4	4	NUM
fsr-3420	176	10	%	%	NOUN
fsr-3420	176	11	rule	rule	NOUN
fsr-3420	176	12	after	after	ADP
fsr-3420	176	13	30	30	NUM
fsr-3420	176	14	years	year	NOUN
fsr-3420	176	15	,	,	PUNCT
fsr-3420	176	16	relative	relative	ADJ
fsr-3420	176	17	to	to	ADP
fsr-3420	176	18	starting	start	VERB
fsr-3420	176	19	balance	balance	NOUN
fsr-3420	176	20	.	.	PUNCT
fsr-3420	177	1	the	the	DET
fsr-3420	177	2	4	4	NUM
fsr-3420	177	3	%	%	NOUN
fsr-3420	177	4	rule	rule	NOUN
fsr-3420	177	5	would	would	AUX
fsr-3420	177	6	have	have	AUX
fsr-3420	177	7	led	lead	VERB
fsr-3420	177	8	to	to	ADP
fsr-3420	177	9	large	large	ADJ
fsr-3420	177	10	(	(	PUNCT
fsr-3420	177	11	possibly	possibly	ADV
fsr-3420	177	12	unwanted	unwanted	ADJ
fsr-3420	177	13	)	)	PUNCT
fsr-3420	177	14	final	final	ADJ
fsr-3420	177	15	balances	balance	NOUN
fsr-3420	177	16	in	in	ADP
fsr-3420	177	17	the	the	DET
fsr-3420	177	18	historical	historical	ADJ
fsr-3420	177	19	record	record	NOUN
fsr-3420	177	20	.	.	PUNCT
fsr-3420	178	1	e.d	e.d	PROPN
fsr-3420	178	2	.	.	PROPN
fsr-3420	178	3	suarez	suarez	PROPN
fsr-3420	178	4	/	/	SYM
fsr-3420	178	5	financial	financial	ADJ
fsr-3420	178	6	services	service	NOUN
fsr-3420	178	7	review	review	VERB
fsr-3420	178	8	28	28	NUM
fsr-3420	178	9	(	(	PUNCT
fsr-3420	178	10	2020	2020	NUM
fsr-3420	178	11	)	)	PUNCT
fsr-3420	179	1	96–132	96–132	NUM
fsr-3420	179	2	105	105	NUM
fsr-3420	179	3	the	the	DET
fsr-3420	179	4	examination	examination	NOUN
fsr-3420	179	5	of	of	ADP
fsr-3420	179	6	this	this	DET
fsr-3420	179	7	first	first	ADJ
fsr-3420	179	8	segment	segment	NOUN
fsr-3420	179	9	in	in	ADP
fsr-3420	179	10	the	the	DET
fsr-3420	179	11	pwr	pwr	NOUN
fsr-3420	179	12	series	series	NOUN
fsr-3420	179	13	throws	throw	VERB
fsr-3420	179	14	into	into	ADP
fsr-3420	179	15	sharp	sharp	ADJ
fsr-3420	179	16	relief	relief	NOUN
fsr-3420	179	17	the	the	DET
fsr-3420	179	18	complex	complex	ADJ
fsr-3420	179	19	relationship	relationship	NOUN
fsr-3420	179	20	between	between	ADP
fsr-3420	179	21	rates	rate	NOUN
fsr-3420	179	22	of	of	ADP
fsr-3420	179	23	return	return	NOUN
fsr-3420	179	24	and	and	CCONJ
fsr-3420	179	25	optimal	optimal	ADJ
fsr-3420	179	26	withdrawal	withdrawal	NOUN
fsr-3420	179	27	rates	rate	NOUN
fsr-3420	179	28	.	.	PUNCT
fsr-3420	180	1	although	although	SCONJ
fsr-3420	180	2	this	this	DET
fsr-3420	180	3	volatile	volatile	ADJ
fsr-3420	180	4	behavior	behavior	NOUN
fsr-3420	180	5	could	could	AUX
fsr-3420	180	6	be	be	AUX
fsr-3420	180	7	attributed	attribute	VERB
fsr-3420	180	8	to	to	ADP
fsr-3420	180	9	the	the	DET
fsr-3420	180	10	general	general	ADJ
fsr-3420	180	11	market	market	NOUN
fsr-3420	180	12	turbulence	turbulence	NOUN
fsr-3420	180	13	of	of	ADP
fsr-3420	180	14	the	the	DET
fsr-3420	180	15	time	time	NOUN
fsr-3420	180	16	,	,	PUNCT
fsr-3420	180	17	the	the	DET
fsr-3420	180	18	sensitivity	sensitivity	NOUN
fsr-3420	180	19	of	of	ADP
fsr-3420	180	20	the	the	DET
fsr-3420	180	21	results	result	NOUN
fsr-3420	180	22	to	to	ADP
fsr-3420	180	23	what	what	PRON
fsr-3420	180	24	might	might	AUX
fsr-3420	180	25	seem	seem	VERB
fsr-3420	180	26	like	like	ADP
fsr-3420	180	27	minor	minor	ADJ
fsr-3420	180	28	disturbances	disturbance	NOUN
fsr-3420	180	29	is	be	AUX
fsr-3420	180	30	still	still	ADV
fsr-3420	180	31	remarkable	remarkable	ADJ
fsr-3420	180	32	.	.	PUNCT
fsr-3420	181	1	in	in	ADP
fsr-3420	181	2	particular	particular	ADJ
fsr-3420	181	3	,	,	PUNCT
fsr-3420	181	4	we	we	PRON
fsr-3420	181	5	see	see	VERB
fsr-3420	181	6	how	how	SCONJ
fsr-3420	181	7	market	market	NOUN
fsr-3420	181	8	rebounds	rebound	VERB
fsr-3420	181	9	sometimes	sometimes	ADV
fsr-3420	181	10	manage	manage	VERB
fsr-3420	181	11	to	to	PART
fsr-3420	181	12	“	"	PUNCT
fsr-3420	181	13	save	save	VERB
fsr-3420	181	14	”	"	PUNCT
fsr-3420	181	15	the	the	DET
fsr-3420	181	16	portfolio	portfolio	NOUN
fsr-3420	181	17	,	,	PUNCT
fsr-3420	181	18	but	but	CCONJ
fsr-3420	181	19	they	they	PRON
fsr-3420	181	20	have	have	VERB
fsr-3420	181	21	to	to	PART
fsr-3420	181	22	happen	happen	VERB
fsr-3420	181	23	at	at	ADP
fsr-3420	181	24	a	a	DET
fsr-3420	181	25	specific	specific	ADJ
fsr-3420	181	26	time	time	NOUN
fsr-3420	181	27	to	to	PART
fsr-3420	181	28	produce	produce	VERB
fsr-3420	181	29	a	a	DET
fsr-3420	181	30	meaningful	meaningful	ADJ
fsr-3420	181	31	impact	impact	NOUN
fsr-3420	181	32	—	—	PUNCT
fsr-3420	181	33	sequencing	sequence	VERB
fsr-3420	181	34	is	be	AUX
fsr-3420	181	35	crucial	crucial	ADJ
fsr-3420	181	36	.	.	PUNCT
fsr-3420	182	1	the	the	DET
fsr-3420	182	2	sequencing	sequence	VERB
fsr-3420	182	3	effect	effect	NOUN
fsr-3420	182	4	is	be	AUX
fsr-3420	182	5	crucial	crucial	ADJ
fsr-3420	182	6	because	because	SCONJ
fsr-3420	182	7	it	it	PRON
fsr-3420	182	8	determines	determine	VERB
fsr-3420	182	9	the	the	DET
fsr-3420	182	10	perfect	perfect	ADJ
fsr-3420	182	11	withdrawal	withdrawal	NOUN
fsr-3420	182	12	amount	amount	NOUN
fsr-3420	182	13	.	.	PUNCT
fsr-3420	183	1	we	we	PRON
fsr-3420	183	2	stress	stress	VERB
fsr-3420	183	3	the	the	DET
fsr-3420	183	4	point	point	NOUN
fsr-3420	183	5	that	that	SCONJ
fsr-3420	183	6	a	a	DET
fsr-3420	183	7	set	set	NOUN
fsr-3420	183	8	of	of	ADP
fsr-3420	183	9	return	return	NOUN
fsr-3420	183	10	rates	rate	NOUN
fsr-3420	183	11	that	that	PRON
fsr-3420	183	12	might	might	AUX
fsr-3420	183	13	be	be	AUX
fsr-3420	183	14	considered	consider	VERB
fsr-3420	183	15	“	"	PUNCT
fsr-3420	183	16	good”—in	good”—in	VERB
fsr-3420	183	17	the	the	DET
fsr-3420	183	18	sense	sense	NOUN
fsr-3420	183	19	that	that	SCONJ
fsr-3420	183	20	upon	upon	SCONJ
fsr-3420	183	21	compounding	compound	VERB
fsr-3420	183	22	it	it	PRON
fsr-3420	183	23	produces	produce	VERB
fsr-3420	183	24	a	a	DET
fsr-3420	183	25	high	high	ADJ
fsr-3420	183	26	total	total	ADJ
fsr-3420	183	27	return	return	NOUN
fsr-3420	183	28	for	for	ADP
fsr-3420	183	29	the	the	DET
fsr-3420	183	30	entire	entire	ADJ
fsr-3420	183	31	period	period	NOUN
fsr-3420	183	32	—	—	PUNCT
fsr-3420	183	33	will	will	AUX
fsr-3420	183	34	nonetheless	nonetheless	ADV
fsr-3420	183	35	lead	lead	VERB
fsr-3420	183	36	to	to	ADP
fsr-3420	183	37	a	a	DET
fsr-3420	183	38	low	low	ADJ
fsr-3420	183	39	pwa	pwa	PROPN
fsr-3420	183	40	if	if	SCONJ
fsr-3420	183	41	the	the	DET
fsr-3420	183	42	particular	particular	ADJ
fsr-3420	183	43	ordering	ordering	NOUN
fsr-3420	183	44	of	of	ADP
fsr-3420	183	45	the	the	DET
fsr-3420	183	46	set	set	NOUN
fsr-3420	183	47	is	be	AUX
fsr-3420	183	48	unfavorable	unfavorable	ADJ
fsr-3420	183	49	(	(	PUNCT
fsr-3420	183	50	from	from	ADP
fsr-3420	183	51	low	low	ADJ
fsr-3420	183	52	returns	return	NOUN
fsr-3420	183	53	to	to	ADP
fsr-3420	183	54	high	high	ADJ
fsr-3420	183	55	returns	return	NOUN
fsr-3420	183	56	,	,	PUNCT
fsr-3420	183	57	in	in	ADP
fsr-3420	183	58	general	general	ADJ
fsr-3420	183	59	)	)	PUNCT
fsr-3420	183	60	.	.	PUNCT
fsr-3420	184	1	in	in	ADP
fsr-3420	184	2	particular	particular	ADJ
fsr-3420	184	3	,	,	PUNCT
fsr-3420	184	4	a	a	DET
fsr-3420	184	5	“	"	PUNCT
fsr-3420	184	6	bad	bad	ADJ
fsr-3420	184	7	”	"	PUNCT
fsr-3420	184	8	ordering	ordering	NOUN
fsr-3420	184	9	will	will	AUX
fsr-3420	184	10	be	be	AUX
fsr-3420	184	11	associated	associate	VERB
fsr-3420	184	12	with	with	ADP
fsr-3420	184	13	a	a	DET
fsr-3420	184	14	relatively	relatively	ADV
fsr-3420	184	15	low	low	ADJ
fsr-3420	184	16	pwa	pwa	PROPN
fsr-3420	184	17	,	,	PUNCT
fsr-3420	184	18	and	and	CCONJ
fsr-3420	184	19	this	this	PRON
fsr-3420	184	20	can	can	AUX
fsr-3420	184	21	not	not	PART
fsr-3420	184	22	be	be	AUX
fsr-3420	184	23	changed	change	VERB
fsr-3420	184	24	by	by	ADP
fsr-3420	184	25	adjusting	adjust	VERB
fsr-3420	184	26	the	the	DET
fsr-3420	184	27	withdrawal	withdrawal	NOUN
fsr-3420	184	28	amount	amount	NOUN
fsr-3420	184	29	from	from	ADP
fsr-3420	184	30	year	year	NOUN
fsr-3420	184	31	to	to	ADP
fsr-3420	184	32	year	year	NOUN
fsr-3420	184	33	as	as	SCONJ
fsr-3420	184	34	it	it	PRON
fsr-3420	184	35	would	would	AUX
fsr-3420	184	36	only	only	ADV
fsr-3420	184	37	zig	zig	VERB
fsr-3420	184	38	-	-	PUNCT
fsr-3420	184	39	zag	zag	NOUN
fsr-3420	184	40	around	around	ADV
fsr-3420	184	41	,	,	PUNCT
fsr-3420	184	42	hover	hover	VERB
fsr-3420	184	43	about	about	ADV
fsr-3420	184	44	or	or	CCONJ
fsr-3420	184	45	glide	glide	VERB
fsr-3420	184	46	towards	towards	ADP
fsr-3420	184	47	an	an	DET
fsr-3420	184	48	inevitably	inevitably	ADV
fsr-3420	184	49	low	low	ADJ
fsr-3420	184	50	value.4	value.4	NOUN
fsr-3420	184	51	next	next	ADV
fsr-3420	184	52	in	in	ADP
fsr-3420	184	53	our	our	PRON
fsr-3420	184	54	analysis	analysis	NOUN
fsr-3420	184	55	of	of	ADP
fsr-3420	184	56	very	very	ADV
fsr-3420	184	57	low	low	ADJ
fsr-3420	184	58	pwr	pwr	NOUN
fsr-3420	184	59	periods	period	NOUN
fsr-3420	184	60	is	be	AUX
fsr-3420	184	61	the	the	DET
fsr-3420	184	62	six	six	NUM
fsr-3420	184	63	-	-	PUNCT
fsr-3420	184	64	month	month	NOUN
fsr-3420	184	65	stretch	stretch	NOUN
fsr-3420	184	66	beginning	begin	VERB
fsr-3420	184	67	in	in	ADP
fsr-3420	184	68	october	october	PROPN
fsr-3420	184	69	1965	1965	NUM
fsr-3420	184	70	.	.	PUNCT
fsr-3420	185	1	this	this	DET
fsr-3420	185	2	instance	instance	NOUN
fsr-3420	185	3	of	of	ADP
fsr-3420	185	4	“	"	PUNCT
fsr-3420	185	5	bad	bad	ADJ
fsr-3420	185	6	times	time	NOUN
fsr-3420	185	7	to	to	PART
fsr-3420	185	8	start	start	VERB
fsr-3420	185	9	retirement	retirement	NOUN
fsr-3420	185	10	”	"	PUNCT
fsr-3420	185	11	is	be	AUX
fsr-3420	185	12	puzzling	puzzle	VERB
fsr-3420	185	13	because	because	SCONJ
fsr-3420	185	14	not	not	PART
fsr-3420	185	15	much	much	ADV
fsr-3420	185	16	happened	happen	VERB
fsr-3420	185	17	market	market	NOUN
fsr-3420	185	18	-	-	PUNCT
fsr-3420	185	19	wise	wise	ADJ
fsr-3420	185	20	in	in	ADP
fsr-3420	185	21	that	that	DET
fsr-3420	185	22	period	period	NOUN
fsr-3420	185	23	.	.	PUNCT
fsr-3420	186	1	rather	rather	ADV
fsr-3420	186	2	,	,	PUNCT
fsr-3420	186	3	it	it	PRON
fsr-3420	186	4	would	would	AUX
fsr-3420	186	5	seem	seem	VERB
fsr-3420	186	6	that	that	SCONJ
fsr-3420	186	7	it	it	PRON
fsr-3420	186	8	was	be	AUX
fsr-3420	186	9	just	just	ADV
fsr-3420	186	10	a	a	DET
fsr-3420	186	11	few	few	ADJ
fsr-3420	186	12	instances	instance	NOUN
fsr-3420	186	13	of	of	ADP
fsr-3420	186	14	negative	negative	ADJ
fsr-3420	186	15	monthly	monthly	ADJ
fsr-3420	186	16	returns	return	NOUN
fsr-3420	186	17	(	(	PUNCT
fsr-3420	186	18	march	march	PROPN
fsr-3420	186	19	,	,	PUNCT
fsr-3420	186	20	may	may	AUX
fsr-3420	186	21	,	,	PUNCT
fsr-3420	186	22	august	august	PROPN
fsr-3420	186	23	1966	1966	NUM
fsr-3420	186	24	)	)	PUNCT
fsr-3420	186	25	that	that	PRON
fsr-3420	186	26	,	,	PUNCT
fsr-3420	186	27	though	though	SCONJ
fsr-3420	186	28	none	none	NOUN
fsr-3420	186	29	terribly	terribly	ADV
fsr-3420	186	30	bad	bad	ADJ
fsr-3420	186	31	,	,	PUNCT
fsr-3420	186	32	combined	combine	VERB
fsr-3420	186	33	with	with	ADP
fsr-3420	186	34	a	a	DET
fsr-3420	186	35	generally	generally	ADV
fsr-3420	186	36	lackluster	lackluster	ADJ
fsr-3420	186	37	market	market	NOUN
fsr-3420	186	38	in	in	ADP
fsr-3420	186	39	the	the	DET
fsr-3420	186	40	first	first	ADJ
fsr-3420	186	41	few	few	ADJ
fsr-3420	186	42	years	year	NOUN
fsr-3420	186	43	to	to	PART
fsr-3420	186	44	produce	produce	VERB
fsr-3420	186	45	a	a	DET
fsr-3420	186	46	very	very	ADV
fsr-3420	186	47	deleterious	deleterious	ADJ
fsr-3420	186	48	effect	effect	NOUN
fsr-3420	186	49	.	.	PUNCT
fsr-3420	187	1	the	the	DET
fsr-3420	187	2	most	most	ADV
fsr-3420	187	3	recent	recent	ADJ
fsr-3420	187	4	period	period	NOUN
fsr-3420	187	5	with	with	ADP
fsr-3420	187	6	a	a	DET
fsr-3420	187	7	very	very	ADV
fsr-3420	187	8	low	low	ADJ
fsr-3420	187	9	pwr	pwr	NOUN
fsr-3420	187	10	is	be	AUX
fsr-3420	187	11	the	the	DET
fsr-3420	187	12	one	one	NUM
fsr-3420	187	13	spanning	span	VERB
fsr-3420	187	14	from	from	ADP
fsr-3420	187	15	august	august	PROPN
fsr-3420	187	16	1967	1967	NUM
fsr-3420	187	17	to	to	ADP
fsr-3420	187	18	june	june	PROPN
fsr-3420	187	19	1969	1969	NUM
fsr-3420	187	20	.	.	PUNCT
fsr-3420	188	1	in	in	ADP
fsr-3420	188	2	this	this	DET
fsr-3420	188	3	23	23	NUM
fsr-3420	188	4	-	-	PUNCT
fsr-3420	188	5	month	month	NOUN
fsr-3420	188	6	period	period	NOUN
fsr-3420	188	7	,	,	PUNCT
fsr-3420	188	8	13months	13months	NUM
fsr-3420	188	9	had	have	VERB
fsr-3420	188	10	a	a	DET
fsr-3420	188	11	pwr	pwr	NOUN
fsr-3420	188	12	of	of	ADP
fsr-3420	188	13	less	less	ADJ
fsr-3420	188	14	than	than	ADP
fsr-3420	188	15	4	4	NUM
fsr-3420	188	16	%	%	NOUN
fsr-3420	188	17	,	,	PUNCT
fsr-3420	188	18	with	with	ADP
fsr-3420	188	19	the	the	DET
fsr-3420	188	20	remaining	remain	VERB
fsr-3420	188	21	10months	10months	NUM
fsr-3420	188	22	barely	barely	ADV
fsr-3420	188	23	managing	manage	VERB
fsr-3420	188	24	to	to	PART
fsr-3420	188	25	surpass	surpass	VERB
fsr-3420	188	26	this	this	DET
fsr-3420	188	27	benchmark	benchmark	NOUN
fsr-3420	188	28	.	.	PUNCT
fsr-3420	189	1	as	as	SCONJ
fsr-3420	189	2	in	in	ADP
fsr-3420	189	3	the	the	DET
fsr-3420	189	4	previous	previous	ADJ
fsr-3420	189	5	case	case	NOUN
fsr-3420	189	6	,	,	PUNCT
fsr-3420	189	7	this	this	DET
fsr-3420	189	8	instance	instance	NOUN
fsr-3420	189	9	is	be	AUX
fsr-3420	189	10	hard	hard	ADJ
fsr-3420	189	11	to	to	PART
fsr-3420	189	12	understand	understand	VERB
fsr-3420	189	13	except	except	SCONJ
fsr-3420	189	14	as	as	ADP
fsr-3420	189	15	a	a	DET
fsr-3420	189	16	case	case	NOUN
fsr-3420	189	17	of	of	ADP
fsr-3420	189	18	peculiar	peculiar	ADJ
fsr-3420	189	19	timing	timing	NOUN
fsr-3420	189	20	.	.	PUNCT
fsr-3420	190	1	it	it	PRON
fsr-3420	190	2	would	would	AUX
fsr-3420	190	3	seem	seem	VERB
fsr-3420	190	4	that	that	SCONJ
fsr-3420	190	5	a	a	DET
fsr-3420	190	6	series	series	NOUN
fsr-3420	190	7	of	of	ADP
fsr-3420	190	8	early	early	ADJ
fsr-3420	190	9	punches	punch	NOUN
fsr-3420	190	10	to	to	ADP
fsr-3420	190	11	the	the	DET
fsr-3420	190	12	investment	investment	NOUN
fsr-3420	190	13	account	account	NOUN
fsr-3420	190	14	(	(	PUNCT
fsr-3420	190	15	october	october	PROPN
fsr-3420	190	16	1967	1967	NUM
fsr-3420	190	17	,	,	PUNCT
fsr-3420	190	18	jan	jan	PROPN
fsr-3420	190	19	-	-	PROPN
fsr-3420	190	20	feb	feb	PROPN
fsr-3420	190	21	1968	1968	NUM
fsr-3420	190	22	)	)	PUNCT
fsr-3420	190	23	combined	combine	VERB
fsr-3420	190	24	with	with	ADP
fsr-3420	190	25	the	the	DET
fsr-3420	190	26	bear	bear	NOUN
fsr-3420	190	27	market	market	NOUN
fsr-3420	190	28	of	of	ADP
fsr-3420	190	29	1969	1969	NUM
fsr-3420	190	30	-	-	SYM
fsr-3420	190	31	1970	1970	NUM
fsr-3420	190	32	to	to	PART
fsr-3420	190	33	create	create	VERB
fsr-3420	190	34	the	the	DET
fsr-3420	190	35	kind	kind	NOUN
fsr-3420	190	36	of	of	ADP
fsr-3420	190	37	“	"	PUNCT
fsr-3420	190	38	perfect	perfect	ADJ
fsr-3420	190	39	storm	storm	NOUN
fsr-3420	190	40	”	"	PUNCT
fsr-3420	190	41	that	that	PRON
fsr-3420	190	42	hurts	hurt	VERB
fsr-3420	190	43	new	new	ADJ
fsr-3420	190	44	retirees	retiree	NOUN
fsr-3420	190	45	very	very	ADV
fsr-3420	190	46	much	much	ADV
fsr-3420	190	47	.	.	PUNCT
fsr-3420	191	1	it	it	PRON
fsr-3420	191	2	would	would	AUX
fsr-3420	191	3	seem	seem	VERB
fsr-3420	191	4	appropriate	appropriate	ADJ
fsr-3420	191	5	to	to	PART
fsr-3420	191	6	also	also	ADV
fsr-3420	191	7	discuss	discuss	VERB
fsr-3420	191	8	periods	period	NOUN
fsr-3420	191	9	when	when	SCONJ
fsr-3420	191	10	the	the	DET
fsr-3420	191	11	pwr	pwr	NOUN
fsr-3420	191	12	was	be	AUX
fsr-3420	191	13	particularly	particularly	ADV
fsr-3420	191	14	high	high	ADJ
fsr-3420	191	15	,	,	PUNCT
fsr-3420	191	16	but	but	CCONJ
fsr-3420	191	17	by	by	ADP
fsr-3420	191	18	now	now	ADV
fsr-3420	191	19	it	it	PRON
fsr-3420	191	20	is	be	AUX
fsr-3420	191	21	clear	clear	ADJ
fsr-3420	191	22	that	that	SCONJ
fsr-3420	191	23	the	the	DET
fsr-3420	191	24	relationship	relationship	NOUN
fsr-3420	191	25	between	between	ADP
fsr-3420	191	26	rates	rate	NOUN
fsr-3420	191	27	of	of	ADP
fsr-3420	191	28	return	return	NOUN
fsr-3420	191	29	and	and	CCONJ
fsr-3420	191	30	pwrs	pwrs	NOUN
fsr-3420	191	31	is	be	AUX
fsr-3420	191	32	too	too	ADV
fsr-3420	191	33	complex	complex	ADJ
fsr-3420	191	34	to	to	PART
fsr-3420	191	35	allow	allow	VERB
fsr-3420	191	36	any	any	DET
fsr-3420	191	37	definite	definite	ADJ
fsr-3420	191	38	conclusions	conclusion	NOUN
fsr-3420	191	39	.	.	PUNCT
fsr-3420	192	1	for	for	ADP
fsr-3420	192	2	example	example	NOUN
fsr-3420	192	3	,	,	PUNCT
fsr-3420	192	4	the	the	DET
fsr-3420	192	5	lowest	low	ADJ
fsr-3420	192	6	30	30	NUM
fsr-3420	192	7	-	-	PUNCT
fsr-3420	192	8	year	year	NOUN
fsr-3420	192	9	real	real	ADJ
fsr-3420	192	10	rate	rate	NOUN
fsr-3420	192	11	of	of	ADP
fsr-3420	192	12	return	return	NOUN
fsr-3420	192	13	on	on	ADP
fsr-3420	192	14	record	record	NOUN
fsr-3420	192	15	for	for	ADP
fsr-3420	192	16	the	the	DET
fsr-3420	192	17	all	all	DET
fsr-3420	192	18	-	-	PUNCT
fsr-3420	192	19	stocks	stock	NOUN
fsr-3420	192	20	portfolio	portfolio	NOUN
fsr-3420	192	21	corresponds	correspond	VERB
fsr-3420	192	22	to	to	ADP
fsr-3420	192	23	the	the	DET
fsr-3420	192	24	period	period	NOUN
fsr-3420	192	25	starting	start	VERB
fsr-3420	192	26	in	in	ADP
fsr-3420	192	27	october	october	PROPN
fsr-3420	192	28	1955	1955	NUM
fsr-3420	192	29	(	(	PUNCT
fsr-3420	192	30	4.1	4.1	NUM
fsr-3420	192	31	%	%	NOUN
fsr-3420	192	32	annualized	annualize	VERB
fsr-3420	192	33	)	)	PUNCT
fsr-3420	192	34	,	,	PUNCT
fsr-3420	192	35	but	but	CCONJ
fsr-3420	192	36	the	the	DET
fsr-3420	192	37	pwr	pwr	NOUN
fsr-3420	192	38	for	for	ADP
fsr-3420	192	39	the	the	DET
fsr-3420	192	40	cohort	cohort	NOUN
fsr-3420	192	41	that	that	PRON
fsr-3420	192	42	began	begin	VERB
fsr-3420	192	43	retirement	retirement	NOUN
fsr-3420	192	44	on	on	ADP
fsr-3420	192	45	that	that	DET
fsr-3420	192	46	month	month	NOUN
fsr-3420	192	47	is	be	AUX
fsr-3420	192	48	6.2%—not	6.2%—not	NUM
fsr-3420	192	49	particularly	particularly	ADV
fsr-3420	192	50	low	low	ADJ
fsr-3420	192	51	.	.	PUNCT
fsr-3420	193	1	the	the	DET
fsr-3420	193	2	so	so	ADV
fsr-3420	193	3	-	-	PUNCT
fsr-3420	193	4	called	call	VERB
fsr-3420	193	5	kennedy	kennedy	PROPN
fsr-3420	193	6	slide	slide	PROPN
fsr-3420	193	7	of	of	ADP
fsr-3420	193	8	1962	1962	NUM
fsr-3420	193	9	produced	produce	VERB
fsr-3420	193	10	very	very	ADV
fsr-3420	193	11	low	low	ADJ
fsr-3420	193	12	returns	return	NOUN
fsr-3420	193	13	at	at	ADP
fsr-3420	193	14	the	the	DET
fsr-3420	193	15	beginning	beginning	NOUN
fsr-3420	193	16	of	of	ADP
fsr-3420	193	17	these	these	DET
fsr-3420	193	18	retirement	retirement	NOUN
fsr-3420	193	19	periods	period	NOUN
fsr-3420	193	20	,	,	PUNCT
fsr-3420	193	21	yet	yet	CCONJ
fsr-3420	193	22	the	the	DET
fsr-3420	193	23	pwr	pwr	NOUN
fsr-3420	193	24	ended	end	VERB
fsr-3420	193	25	up	up	ADP
fsr-3420	193	26	in	in	ADP
fsr-3420	193	27	the	the	DET
fsr-3420	193	28	4.5%–5.5	4.5%–5.5	PROPN
fsr-3420	193	29	%	%	NOUN
fsr-3420	193	30	range	range	NOUN
fsr-3420	193	31	—	—	PUNCT
fsr-3420	193	32	higher	high	ADJ
fsr-3420	193	33	than	than	ADP
fsr-3420	193	34	at	at	ADP
fsr-3420	193	35	other	other	ADJ
fsr-3420	193	36	,	,	PUNCT
fsr-3420	193	37	less	less	ADV
fsr-3420	193	38	remarkable	remarkable	ADJ
fsr-3420	193	39	times	time	NOUN
fsr-3420	193	40	.	.	PUNCT
fsr-3420	194	1	although	although	SCONJ
fsr-3420	194	2	the	the	DET
fsr-3420	194	3	results	result	NOUN
fsr-3420	194	4	for	for	ADP
fsr-3420	194	5	30	30	NUM
fsr-3420	194	6	-	-	PUNCT
fsr-3420	194	7	year	year	NOUN
fsr-3420	194	8	periods	period	NOUN
fsr-3420	194	9	starting	start	VERB
fsr-3420	194	10	just	just	ADV
fsr-3420	194	11	before	before	ADP
fsr-3420	194	12	the	the	DET
fsr-3420	194	13	crash	crash	NOUN
fsr-3420	194	14	of	of	ADP
fsr-3420	194	15	1987	1987	NUM
fsr-3420	194	16	are	be	AUX
fsr-3420	194	17	not	not	PART
fsr-3420	194	18	yet	yet	ADV
fsr-3420	194	19	available	available	ADJ
fsr-3420	194	20	,	,	PUNCT
fsr-3420	194	21	fig	fig	NOUN
fsr-3420	194	22	.	.	PUNCT
fsr-3420	195	1	2	2	NUM
fsr-3420	195	2	shows	show	VERB
fsr-3420	195	3	that	that	SCONJ
fsr-3420	195	4	retiring	retire	VERB
fsr-3420	195	5	at	at	ADP
fsr-3420	195	6	the	the	DET
fsr-3420	195	7	end	end	NOUN
fsr-3420	195	8	of	of	ADP
fsr-3420	195	9	1984	1984	NUM
fsr-3420	195	10	—	—	PUNCT
fsr-3420	195	11	only	only	ADV
fsr-3420	195	12	three	three	NUM
fsr-3420	195	13	years	year	NOUN
fsr-3420	195	14	before	before	ADP
fsr-3420	195	15	that	that	DET
fsr-3420	195	16	big	big	ADJ
fsr-3420	195	17	hit	hit	NOUN
fsr-3420	195	18	—	—	PUNCT
fsr-3420	195	19	nonetheless	nonetheless	ADV
fsr-3420	195	20	provided	provide	VERB
fsr-3420	195	21	an	an	DET
fsr-3420	195	22	extremely	extremely	ADV
fsr-3420	195	23	high	high	ADJ
fsr-3420	195	24	pwr	pwr	NOUN
fsr-3420	195	25	(	(	PUNCT
fsr-3420	195	26	10.7	10.7	NUM
fsr-3420	195	27	%	%	NOUN
fsr-3420	195	28	)	)	PUNCT
fsr-3420	195	29	.	.	PUNCT
fsr-3420	196	1	the	the	DET
fsr-3420	196	2	complicated	complicated	ADJ
fsr-3420	196	3	relationship	relationship	NOUN
fsr-3420	196	4	between	between	ADP
fsr-3420	196	5	rates	rate	NOUN
fsr-3420	196	6	of	of	ADP
fsr-3420	196	7	return	return	NOUN
fsr-3420	196	8	and	and	CCONJ
fsr-3420	196	9	pwrs	pwrs	NOUN
fsr-3420	196	10	is	be	AUX
fsr-3420	196	11	illustrated	illustrate	VERB
fsr-3420	196	12	in	in	ADP
fsr-3420	196	13	fig	fig	NOUN
fsr-3420	196	14	.	.	PUNCT
fsr-3420	197	1	6	6	X
fsr-3420	197	2	.	.	X
fsr-3420	197	3	panel	panel	NOUN
fsr-3420	197	4	(	(	PUNCT
fsr-3420	197	5	a	a	NOUN
fsr-3420	197	6	)	)	PUNCT
fsr-3420	197	7	superimposes	superimpose	VERB
fsr-3420	197	8	the	the	DET
fsr-3420	197	9	rate	rate	NOUN
fsr-3420	197	10	of	of	ADP
fsr-3420	197	11	return	return	NOUN
fsr-3420	197	12	for	for	ADP
fsr-3420	197	13	stocks	stock	NOUN
fsr-3420	197	14	shown	show	VERB
fsr-3420	197	15	in	in	ADP
fsr-3420	197	16	fig	fig	NOUN
fsr-3420	197	17	.	.	PUNCT
fsr-3420	198	1	1	1	NUM
fsr-3420	198	2	with	with	ADP
fsr-3420	198	3	the	the	DET
fsr-3420	198	4	pwr	pwr	NOUN
fsr-3420	198	5	presented	present	VERB
fsr-3420	198	6	in	in	ADP
fsr-3420	198	7	fig	fig	NOUN
fsr-3420	198	8	.	.	PUNCT
fsr-3420	199	1	2	2	X
fsr-3420	199	2	.	.	X
fsr-3420	199	3	panel	panel	NOUN
fsr-3420	199	4	(	(	PUNCT
fsr-3420	199	5	b	b	NOUN
fsr-3420	199	6	)	)	PUNCT
fsr-3420	199	7	shows	show	VERB
fsr-3420	199	8	the	the	DET
fsr-3420	199	9	corresponding	correspond	VERB
fsr-3420	199	10	scatter	scatter	NOUN
fsr-3420	199	11	plot	plot	NOUN
fsr-3420	199	12	,	,	PUNCT
fsr-3420	199	13	where	where	SCONJ
fsr-3420	199	14	a	a	DET
fsr-3420	199	15	linear	linear	ADJ
fsr-3420	199	16	regression	regression	NOUN
fsr-3420	199	17	between	between	ADP
fsr-3420	199	18	these	these	DET
fsr-3420	199	19	two	two	NUM
fsr-3420	199	20	variables	variable	NOUN
fsr-3420	199	21	attains	attain	VERB
fsr-3420	199	22	a	a	DET
fsr-3420	199	23	coefficient	coefficient	NOUN
fsr-3420	199	24	of	of	ADP
fsr-3420	199	25	determination	determination	NOUN
fsr-3420	199	26	of	of	ADP
fsr-3420	199	27	just	just	ADV
fsr-3420	199	28	14	14	NUM
fsr-3420	199	29	%	%	NOUN
fsr-3420	199	30	.	.	PUNCT
fsr-3420	200	1	as	as	SCONJ
fsr-3420	200	2	can	can	AUX
fsr-3420	200	3	be	be	AUX
fsr-3420	200	4	seen	see	VERB
fsr-3420	200	5	,	,	PUNCT
fsr-3420	200	6	it	it	PRON
fsr-3420	200	7	is	be	AUX
fsr-3420	200	8	hard	hard	ADJ
fsr-3420	200	9	to	to	PART
fsr-3420	200	10	establish	establish	VERB
fsr-3420	200	11	a	a	DET
fsr-3420	200	12	clear	clear	ADV
fsr-3420	200	13	-	-	PUNCT
fsr-3420	200	14	cut	cut	VERB
fsr-3420	200	15	connection	connection	NOUN
fsr-3420	200	16	between	between	ADP
fsr-3420	200	17	these	these	DET
fsr-3420	200	18	two	two	NUM
fsr-3420	200	19	variables	variable	NOUN
fsr-3420	200	20	over	over	ADP
fsr-3420	200	21	the	the	DET
fsr-3420	200	22	historical	historical	ADJ
fsr-3420	200	23	record	record	NOUN
fsr-3420	200	24	.	.	PUNCT
fsr-3420	201	1	we	we	PRON
fsr-3420	201	2	notice	notice	VERB
fsr-3420	201	3	,	,	PUNCT
fsr-3420	201	4	for	for	ADP
fsr-3420	201	5	example	example	NOUN
fsr-3420	201	6	,	,	PUNCT
fsr-3420	201	7	a	a	DET
fsr-3420	201	8	long	long	ADJ
fsr-3420	201	9	stretch	stretch	NOUN
fsr-3420	201	10	of	of	ADP
fsr-3420	201	11	time	time	NOUN
fsr-3420	201	12	spanning	span	VERB
fsr-3420	201	13	from	from	ADP
fsr-3420	201	14	late	late	ADJ
fsr-3420	201	15	1946	1946	NUM
fsr-3420	201	16	until	until	ADP
fsr-3420	201	17	mid-1954	mid-1954	NOUN
fsr-3420	201	18	when	when	SCONJ
fsr-3420	201	19	the	the	DET
fsr-3420	201	20	pwr	pwr	NOUN
fsr-3420	201	21	was	be	AUX
fsr-3420	201	22	much	much	ADV
fsr-3420	201	23	higher	high	ADJ
fsr-3420	201	24	than	than	ADP
fsr-3420	201	25	what	what	PRON
fsr-3420	201	26	the	the	DET
fsr-3420	201	27	return	return	NOUN
fsr-3420	201	28	rates	rate	NOUN
fsr-3420	201	29	at	at	ADP
fsr-3420	201	30	the	the	DET
fsr-3420	201	31	time	time	NOUN
fsr-3420	201	32	would	would	AUX
fsr-3420	201	33	seem	seem	VERB
fsr-3420	201	34	to	to	PART
fsr-3420	201	35	warrant	warrant	VERB
fsr-3420	201	36	.	.	PUNCT
fsr-3420	202	1	and	and	CCONJ
fsr-3420	202	2	the	the	DET
fsr-3420	202	3	opposite	opposite	ADJ
fsr-3420	202	4	holds	hold	VERB
fsr-3420	202	5	true	true	ADJ
fsr-3420	202	6	from	from	ADP
fsr-3420	202	7	mid-1967	mid-1967	NOUN
fsr-3420	202	8	to	to	ADP
fsr-3420	202	9	mid-1972	mid-1972	NOUN
fsr-3420	202	10	:	:	PUNCT
fsr-3420	202	11	high	high	ADJ
fsr-3420	202	12	return	return	VERB
fsr-3420	202	13	106	106	NUM
fsr-3420	202	14	e.d	e.d	PROPN
fsr-3420	202	15	.	.	PROPN
fsr-3420	202	16	suarez	suarez	PROPN
fsr-3420	202	17	/	/	SYM
fsr-3420	202	18	financial	financial	ADJ
fsr-3420	202	19	services	service	NOUN
fsr-3420	202	20	review	review	VERB
fsr-3420	202	21	28	28	NUM
fsr-3420	202	22	(	(	PUNCT
fsr-3420	202	23	2020	2020	NUM
fsr-3420	202	24	)	)	PUNCT
fsr-3420	203	1	96–132	96–132	NUM
fsr-3420	203	2	fig	fig	NOUN
fsr-3420	203	3	.	.	PUNCT
fsr-3420	204	1	6	6	NUM
fsr-3420	204	2	.	.	X
fsr-3420	204	3	real	real	ADJ
fsr-3420	204	4	rate	rate	NOUN
fsr-3420	204	5	of	of	ADP
fsr-3420	204	6	return	return	NOUN
fsr-3420	204	7	(	(	PUNCT
fsr-3420	204	8	annualized	annualize	VERB
fsr-3420	204	9	)	)	PUNCT
fsr-3420	204	10	and	and	CCONJ
fsr-3420	204	11	standard	standard	ADJ
fsr-3420	204	12	-	-	PUNCT
fsr-3420	204	13	scenario	scenario	NOUN
fsr-3420	204	14	pwr	pwr	NOUN
fsr-3420	204	15	.	.	PUNCT
fsr-3420	205	1	panel	panel	NOUN
fsr-3420	205	2	(	(	PUNCT
fsr-3420	205	3	a	a	NOUN
fsr-3420	205	4	)	)	PUNCT
fsr-3420	205	5	compares	compare	VERB
fsr-3420	205	6	the	the	DET
fsr-3420	205	7	all	all	DET
fsr-3420	205	8	-	-	PUNCT
fsr-3420	205	9	stocks	stock	NOUN
fsr-3420	205	10	average	average	ADJ
fsr-3420	205	11	rate	rate	NOUN
fsr-3420	205	12	of	of	ADP
fsr-3420	205	13	return	return	NOUN
fsr-3420	205	14	over	over	ADP
fsr-3420	205	15	30	30	NUM
fsr-3420	205	16	-	-	PUNCT
fsr-3420	205	17	year	year	NOUN
fsr-3420	205	18	periods	period	NOUN
fsr-3420	205	19	with	with	ADP
fsr-3420	205	20	the	the	DET
fsr-3420	205	21	corresponding	correspond	VERB
fsr-3420	205	22	pwr	pwr	NOUN
fsr-3420	205	23	over	over	ADP
fsr-3420	205	24	the	the	DET
fsr-3420	205	25	historical	historical	ADJ
fsr-3420	205	26	record	record	NOUN
fsr-3420	205	27	.	.	PUNCT
fsr-3420	206	1	panel	panel	NOUN
fsr-3420	206	2	(	(	PUNCT
fsr-3420	206	3	b	b	NOUN
fsr-3420	206	4	)	)	PUNCT
fsr-3420	206	5	plots	plot	VERB
fsr-3420	206	6	the	the	DET
fsr-3420	206	7	same	same	ADJ
fsr-3420	206	8	-	-	PUNCT
fsr-3420	206	9	date	date	NOUN
fsr-3420	206	10	values	value	NOUN
fsr-3420	206	11	of	of	ADP
fsr-3420	206	12	these	these	DET
fsr-3420	206	13	two	two	NUM
fsr-3420	206	14	variables	variable	NOUN
fsr-3420	206	15	against	against	ADP
fsr-3420	206	16	each	each	DET
fsr-3420	206	17	other	other	ADJ
fsr-3420	206	18	.	.	PUNCT
fsr-3420	207	1	the	the	DET
fsr-3420	207	2	x	x	X
fsr-3420	207	3	’s	’s	NOUN
fsr-3420	207	4	in	in	ADP
fsr-3420	207	5	panel	panel	NOUN
fsr-3420	207	6	(	(	PUNCT
fsr-3420	207	7	b	b	NOUN
fsr-3420	207	8	)	)	PUNCT
fsr-3420	207	9	mark	mark	PROPN
fsr-3420	207	10	jun	jun	PROPN
fsr-3420	207	11	‘	'	PUNCT
fsr-3420	207	12	49	49	NUM
fsr-3420	207	13	and	and	CCONJ
fsr-3420	207	14	feb	feb	NOUN
fsr-3420	207	15	‘	'	PUNCT
fsr-3420	207	16	69	69	NUM
fsr-3420	207	17	,	,	PUNCT
fsr-3420	207	18	the	the	DET
fsr-3420	207	19	two	two	NUM
fsr-3420	207	20	dates	date	NOUN
fsr-3420	207	21	used	use	VERB
fsr-3420	207	22	to	to	PART
fsr-3420	207	23	construct	construct	VERB
fsr-3420	207	24	fig	fig	NOUN
fsr-3420	207	25	.	.	PUNCT
fsr-3420	208	1	3	3	X
fsr-3420	208	2	.	.	X
fsr-3420	208	3	e.d	e.d	PROPN
fsr-3420	208	4	.	.	PROPN
fsr-3420	208	5	suarez	suarez	PROPN
fsr-3420	208	6	/	/	SYM
fsr-3420	208	7	financial	financial	ADJ
fsr-3420	208	8	services	service	NOUN
fsr-3420	208	9	review	review	VERB
fsr-3420	208	10	28	28	NUM
fsr-3420	208	11	(	(	PUNCT
fsr-3420	208	12	2020	2020	NUM
fsr-3420	208	13	)	)	PUNCT
fsr-3420	209	1	96–132	96–132	NUM
fsr-3420	209	2	107	107	NUM
fsr-3420	209	3	rates	rate	NOUN
fsr-3420	209	4	,	,	PUNCT
fsr-3420	209	5	but	but	CCONJ
fsr-3420	209	6	low	low	ADJ
fsr-3420	209	7	pwrs	pwrs	NOUN
fsr-3420	209	8	.	.	PUNCT
fsr-3420	210	1	as	as	SCONJ
fsr-3420	210	2	shown	show	VERB
fsr-3420	210	3	in	in	ADP
fsr-3420	210	4	fig	fig	NOUN
fsr-3420	210	5	.	.	PUNCT
fsr-3420	211	1	3	3	NUM
fsr-3420	211	2	,	,	PUNCT
fsr-3420	211	3	the	the	DET
fsr-3420	211	4	annualized	annualize	VERB
fsr-3420	211	5	real	real	ADJ
fsr-3420	211	6	rate	rate	NOUN
fsr-3420	211	7	of	of	ADP
fsr-3420	211	8	return	return	NOUN
fsr-3420	211	9	for	for	ADP
fsr-3420	211	10	the	the	DET
fsr-3420	211	11	30	30	NUM
fsr-3420	211	12	-	-	PUNCT
fsr-3420	211	13	year	year	NOUN
fsr-3420	211	14	period	period	NOUN
fsr-3420	211	15	beginning	begin	VERB
fsr-3420	211	16	in	in	ADP
fsr-3420	211	17	june	june	PROPN
fsr-3420	211	18	1949	1949	NUM
fsr-3420	211	19	was	be	AUX
fsr-3420	211	20	7.2	7.2	NUM
fsr-3420	211	21	%	%	NOUN
fsr-3420	211	22	and	and	CCONJ
fsr-3420	211	23	the	the	DET
fsr-3420	211	24	pwr	pwr	NOUN
fsr-3420	211	25	was	be	AUX
fsr-3420	211	26	14.0	14.0	NUM
fsr-3420	211	27	%	%	NOUN
fsr-3420	211	28	.	.	PUNCT
fsr-3420	212	1	for	for	ADP
fsr-3420	212	2	the	the	DET
fsr-3420	212	3	period	period	NOUN
fsr-3420	212	4	beginning	begin	VERB
fsr-3420	212	5	in	in	ADP
fsr-3420	212	6	february	february	PROPN
fsr-3420	212	7	1969	1969	NUM
fsr-3420	212	8	the	the	DET
fsr-3420	212	9	rate	rate	NOUN
fsr-3420	212	10	of	of	ADP
fsr-3420	212	11	return	return	NOUN
fsr-3420	212	12	was	be	AUX
fsr-3420	212	13	also	also	ADV
fsr-3420	212	14	7.2	7.2	NUM
fsr-3420	212	15	%	%	NOUN
fsr-3420	212	16	,	,	PUNCT
fsr-3420	212	17	but	but	CCONJ
fsr-3420	212	18	the	the	DET
fsr-3420	212	19	pwr	pwr	NOUN
fsr-3420	212	20	was	be	AUX
fsr-3420	212	21	4.0%—10	4.0%—10	NUM
fsr-3420	212	22	percentage	percentage	NOUN
fsr-3420	212	23	points	point	NOUN
fsr-3420	212	24	lower!5	lower!5	PROPN
fsr-3420	212	25	the	the	DET
fsr-3420	212	26	period	period	NOUN
fsr-3420	212	27	starting	start	VERB
fsr-3420	212	28	in	in	ADP
fsr-3420	212	29	august	august	PROPN
fsr-3420	212	30	1952	1952	NUM
fsr-3420	212	31	obtained	obtain	VERB
fsr-3420	212	32	an	an	DET
fsr-3420	212	33	average	average	ADJ
fsr-3420	212	34	rate	rate	NOUN
fsr-3420	212	35	of	of	ADP
fsr-3420	212	36	return	return	NOUN
fsr-3420	212	37	of	of	ADP
fsr-3420	212	38	just	just	ADV
fsr-3420	212	39	4.6	4.6	NUM
fsr-3420	212	40	%	%	NOUN
fsr-3420	212	41	,	,	PUNCT
fsr-3420	212	42	yet	yet	ADV
fsr-3420	212	43	managed	manage	VERB
fsr-3420	212	44	to	to	PART
fsr-3420	212	45	attain	attain	VERB
fsr-3420	212	46	a	a	DET
fsr-3420	212	47	pwr	pwr	NOUN
fsr-3420	212	48	of	of	ADP
fsr-3420	212	49	10.0	10.0	NUM
fsr-3420	212	50	%	%	NOUN
fsr-3420	212	51	.	.	PUNCT
fsr-3420	213	1	the	the	DET
fsr-3420	213	2	period	period	NOUN
fsr-3420	213	3	starting	start	VERB
fsr-3420	213	4	in	in	ADP
fsr-3420	213	5	january	january	PROPN
fsr-3420	213	6	1933	1933	NUM
fsr-3420	213	7	got	get	VERB
fsr-3420	213	8	a	a	DET
fsr-3420	213	9	much	much	ADV
fsr-3420	213	10	higher	high	ADJ
fsr-3420	213	11	rate	rate	NOUN
fsr-3420	213	12	of	of	ADP
fsr-3420	213	13	return	return	NOUN
fsr-3420	213	14	,	,	PUNCT
fsr-3420	213	15	at	at	ADP
fsr-3420	213	16	10.1	10.1	NUM
fsr-3420	213	17	%	%	NOUN
fsr-3420	213	18	,	,	PUNCT
fsr-3420	213	19	but	but	CCONJ
fsr-3420	213	20	ended	end	VERB
fsr-3420	213	21	up	up	ADP
fsr-3420	213	22	with	with	ADP
fsr-3420	213	23	the	the	DET
fsr-3420	213	24	same	same	ADJ
fsr-3420	213	25	pwr	pwr	NOUN
fsr-3420	213	26	of	of	ADP
fsr-3420	213	27	10.0	10.0	NUM
fsr-3420	213	28	%	%	NOUN
fsr-3420	213	29	!	!	PUNCT
fsr-3420	214	1	it	it	PRON
fsr-3420	214	2	is	be	AUX
fsr-3420	214	3	now	now	ADV
fsr-3420	214	4	that	that	SCONJ
fsr-3420	214	5	the	the	DET
fsr-3420	214	6	explanatory	explanatory	ADJ
fsr-3420	214	7	power	power	NOUN
fsr-3420	214	8	of	of	ADP
fsr-3420	214	9	eq	eq	PROPN
fsr-3420	214	10	.	.	PUNCT
fsr-3420	215	1	(	(	PUNCT
fsr-3420	215	2	5	5	X
fsr-3420	215	3	)	)	PUNCT
fsr-3420	215	4	becomes	become	VERB
fsr-3420	215	5	truly	truly	ADV
fsr-3420	215	6	useful	useful	ADJ
fsr-3420	215	7	,	,	PUNCT
fsr-3420	215	8	as	as	SCONJ
fsr-3420	215	9	all	all	DET
fsr-3420	215	10	these	these	DET
fsr-3420	215	11	puzzling	puzzle	VERB
fsr-3420	215	12	cases	case	NOUN
fsr-3420	215	13	become	become	VERB
fsr-3420	215	14	just	just	ADV
fsr-3420	215	15	specific	specific	ADJ
fsr-3420	215	16	instances	instance	NOUN
fsr-3420	215	17	of	of	ADP
fsr-3420	215	18	one	one	NUM
fsr-3420	215	19	single	single	ADJ
fsr-3420	215	20	relationship	relationship	NOUN
fsr-3420	215	21	.	.	PUNCT
fsr-3420	216	1	this	this	DET
fsr-3420	216	2	expression	expression	NOUN
fsr-3420	216	3	tells	tell	VERB
fsr-3420	216	4	us	we	PRON
fsr-3420	216	5	concisely	concisely	ADV
fsr-3420	216	6	and	and	CCONJ
fsr-3420	216	7	unambiguously	unambiguously	ADV
fsr-3420	216	8	that	that	SCONJ
fsr-3420	216	9	the	the	DET
fsr-3420	216	10	gist	gist	NOUN
fsr-3420	216	11	lies	lie	VERB
fsr-3420	216	12	in	in	ADP
fsr-3420	216	13	the	the	DET
fsr-3420	216	14	sequencing	sequence	VERB
fsr-3420	216	15	part	part	NOUN
fsr-3420	216	16	of	of	ADP
fsr-3420	216	17	the	the	DET
fsr-3420	216	18	equation	equation	NOUN
fsr-3420	216	19	,	,	PUNCT
fsr-3420	216	20	and	and	CCONJ
fsr-3420	216	21	it	it	PRON
fsr-3420	216	22	also	also	ADV
fsr-3420	216	23	tells	tell	VERB
fsr-3420	216	24	us	we	PRON
fsr-3420	216	25	how	how	SCONJ
fsr-3420	216	26	to	to	PART
fsr-3420	216	27	explore	explore	VERB
fsr-3420	216	28	this	this	PRON
fsr-3420	216	29	further	far	ADV
fsr-3420	216	30	.	.	PUNCT
fsr-3420	217	1	therefore	therefore	ADV
fsr-3420	217	2	,	,	PUNCT
fsr-3420	217	3	even	even	ADV
fsr-3420	217	4	if	if	SCONJ
fsr-3420	217	5	a	a	DET
fsr-3420	217	6	specific	specific	ADJ
fsr-3420	217	7	sequence	sequence	NOUN
fsr-3420	217	8	of	of	ADP
fsr-3420	217	9	return	return	NOUN
fsr-3420	217	10	rates	rate	NOUN
fsr-3420	217	11	will	will	AUX
fsr-3420	217	12	,	,	PUNCT
fsr-3420	217	13	in	in	ADP
fsr-3420	217	14	all	all	DET
fsr-3420	217	15	likelihood	likelihood	NOUN
fsr-3420	217	16	,	,	PUNCT
fsr-3420	217	17	never	never	ADV
fsr-3420	217	18	be	be	AUX
fsr-3420	217	19	repeated	repeat	VERB
fsr-3420	217	20	,	,	PUNCT
fsr-3420	217	21	the	the	DET
fsr-3420	217	22	problem	problem	NOUN
fsr-3420	217	23	of	of	ADP
fsr-3420	217	24	forecasting	forecast	VERB
fsr-3420	217	25	the	the	DET
fsr-3420	217	26	pwr	pwr	NOUN
fsr-3420	217	27	in	in	ADP
fsr-3420	217	28	any	any	DET
fsr-3420	217	29	particular	particular	ADJ
fsr-3420	217	30	case	case	NOUN
fsr-3420	217	31	is	be	AUX
fsr-3420	217	32	no	no	ADV
fsr-3420	217	33	longer	long	ADV
fsr-3420	217	34	the	the	DET
fsr-3420	217	35	problem	problem	NOUN
fsr-3420	217	36	of	of	ADP
fsr-3420	217	37	forecasting	forecast	VERB
fsr-3420	217	38	the	the	DET
fsr-3420	217	39	whole	whole	ADJ
fsr-3420	217	40	series	series	NOUN
fsr-3420	217	41	of	of	ADP
fsr-3420	217	42	rates	rate	NOUN
fsr-3420	217	43	.	.	PUNCT
fsr-3420	218	1	rather	rather	ADV
fsr-3420	218	2	,	,	PUNCT
fsr-3420	218	3	as	as	SCONJ
fsr-3420	218	4	the	the	DET
fsr-3420	218	5	derivations	derivation	NOUN
fsr-3420	218	6	presented	present	VERB
fsr-3420	218	7	here	here	ADV
fsr-3420	218	8	show	show	NOUN
fsr-3420	218	9	,	,	PUNCT
fsr-3420	218	10	what	what	PRON
fsr-3420	218	11	the	the	DET
fsr-3420	218	12	investor	investor	NOUN
fsr-3420	218	13	needs	need	VERB
fsr-3420	218	14	to	to	PART
fsr-3420	218	15	do	do	VERB
fsr-3420	218	16	is	be	AUX
fsr-3420	218	17	to	to	PART
fsr-3420	218	18	obtain	obtain	VERB
fsr-3420	218	19	an	an	DET
fsr-3420	218	20	estimate	estimate	NOUN
fsr-3420	218	21	of	of	ADP
fsr-3420	218	22	the	the	DET
fsr-3420	218	23	average	average	ADJ
fsr-3420	218	24	annual	annual	ADJ
fsr-3420	218	25	return	return	NOUN
fsr-3420	218	26	for	for	ADP
fsr-3420	218	27	the	the	DET
fsr-3420	218	28	portfolio	portfolio	NOUN
fsr-3420	218	29	she	she	PRON
fsr-3420	218	30	holds	hold	VERB
fsr-3420	218	31	(	(	PUNCT
fsr-3420	218	32	for	for	ADP
fsr-3420	218	33	which	which	PRON
fsr-3420	218	34	there	there	PRON
fsr-3420	218	35	is	be	VERB
fsr-3420	218	36	abundant	abundant	ADJ
fsr-3420	218	37	literature	literature	NOUN
fsr-3420	218	38	that	that	PRON
fsr-3420	218	39	can	can	AUX
fsr-3420	218	40	help	help	VERB
fsr-3420	218	41	her	she	PRON
fsr-3420	218	42	)	)	PUNCT
fsr-3420	218	43	,	,	PUNCT
fsr-3420	218	44	and	and	CCONJ
fsr-3420	218	45	then	then	ADV
fsr-3420	218	46	address	address	VERB
fsr-3420	218	47	the	the	DET
fsr-3420	218	48	problem	problem	NOUN
fsr-3420	218	49	of	of	ADP
fsr-3420	218	50	the	the	DET
fsr-3420	218	51	sequencing	sequence	VERB
fsr-3420	218	52	factor	factor	NOUN
fsr-3420	218	53	value	value	NOUN
fsr-3420	218	54	that	that	PRON
fsr-3420	218	55	she	she	PRON
fsr-3420	218	56	must	must	AUX
fsr-3420	218	57	use	use	VERB
fsr-3420	218	58	to	to	PART
fsr-3420	218	59	adjust	adjust	VERB
fsr-3420	218	60	it	it	PRON
fsr-3420	218	61	.	.	PUNCT
fsr-3420	219	1	the	the	DET
fsr-3420	219	2	next	next	ADJ
fsr-3420	219	3	section	section	NOUN
fsr-3420	219	4	focuses	focus	VERB
fsr-3420	219	5	on	on	ADP
fsr-3420	219	6	how	how	SCONJ
fsr-3420	219	7	can	can	AUX
fsr-3420	219	8	the	the	DET
fsr-3420	219	9	historical	historical	ADJ
fsr-3420	219	10	evidence	evidence	NOUN
fsr-3420	219	11	shed	shed	VERB
fsr-3420	219	12	light	light	NOUN
fsr-3420	219	13	on	on	ADP
fsr-3420	219	14	this	this	DET
fsr-3420	219	15	latter	latter	ADJ
fsr-3420	219	16	problem	problem	NOUN
fsr-3420	219	17	.	.	PUNCT
fsr-3420	220	1	6	6	X
fsr-3420	220	2	.	.	X
fsr-3420	220	3	the	the	DET
fsr-3420	220	4	sequencing	sequence	VERB
fsr-3420	220	5	factor	factor	NOUN
fsr-3420	220	6	over	over	ADP
fsr-3420	220	7	the	the	DET
fsr-3420	220	8	historical	historical	ADJ
fsr-3420	220	9	record	record	NOUN
fsr-3420	220	10	the	the	DET
fsr-3420	220	11	sequencing	sequence	VERB
fsr-3420	220	12	factor	factor	NOUN
fsr-3420	220	13	can	can	AUX
fsr-3420	220	14	be	be	AUX
fsr-3420	220	15	interpreted	interpret	VERB
fsr-3420	220	16	as	as	ADP
fsr-3420	220	17	an	an	DET
fsr-3420	220	18	“	"	PUNCT
fsr-3420	220	19	adjustment	adjustment	NOUN
fsr-3420	220	20	”	"	PUNCT
fsr-3420	220	21	that	that	PRON
fsr-3420	220	22	has	have	VERB
fsr-3420	220	23	to	to	PART
fsr-3420	220	24	be	be	AUX
fsr-3420	220	25	applied	apply	VERB
fsr-3420	220	26	to	to	ADP
fsr-3420	220	27	the	the	DET
fsr-3420	220	28	rate	rate	NOUN
fsr-3420	220	29	of	of	ADP
fsr-3420	220	30	return	return	NOUN
fsr-3420	220	31	to	to	PART
fsr-3420	220	32	express	express	VERB
fsr-3420	220	33	the	the	DET
fsr-3420	220	34	effect	effect	NOUN
fsr-3420	220	35	of	of	ADP
fsr-3420	220	36	the	the	DET
fsr-3420	220	37	specific	specific	ADJ
fsr-3420	220	38	sequence	sequence	NOUN
fsr-3420	220	39	of	of	ADP
fsr-3420	220	40	results	result	NOUN
fsr-3420	220	41	that	that	PRON
fsr-3420	220	42	produced	produce	VERB
fsr-3420	220	43	that	that	DET
fsr-3420	220	44	total	total	ADJ
fsr-3420	220	45	return	return	NOUN
fsr-3420	220	46	.	.	PUNCT
fsr-3420	221	1	it	it	PRON
fsr-3420	221	2	can	can	AUX
fsr-3420	221	3	be	be	AUX
fsr-3420	221	4	“	"	PUNCT
fsr-3420	221	5	good	good	ADJ
fsr-3420	221	6	”	"	PUNCT
fsr-3420	221	7	or	or	CCONJ
fsr-3420	221	8	“	"	PUNCT
fsr-3420	221	9	bad	bad	ADJ
fsr-3420	221	10	”	"	PUNCT
fsr-3420	221	11	;	;	PUNCT
fsr-3420	221	12	in	in	ADP
fsr-3420	221	13	general	general	ADJ
fsr-3420	221	14	,	,	PUNCT
fsr-3420	221	15	a	a	DET
fsr-3420	221	16	series	series	NOUN
fsr-3420	221	17	of	of	ADP
fsr-3420	221	18	returns	return	NOUN
fsr-3420	221	19	that	that	PRON
fsr-3420	221	20	goes	go	VERB
fsr-3420	221	21	from	from	ADP
fsr-3420	221	22	high	high	ADJ
fsr-3420	221	23	to	to	PART
fsr-3420	221	24	low	low	ADJ
fsr-3420	221	25	is	be	AUX
fsr-3420	221	26	better	well	ADJ
fsr-3420	221	27	than	than	ADP
fsr-3420	221	28	one	one	NUM
fsr-3420	221	29	that	that	PRON
fsr-3420	221	30	goes	go	VERB
fsr-3420	221	31	from	from	ADP
fsr-3420	221	32	low	low	ADJ
fsr-3420	221	33	to	to	ADP
fsr-3420	221	34	high	high	ADJ
fsr-3420	221	35	.	.	PUNCT
fsr-3420	222	1	the	the	DET
fsr-3420	222	2	periods	period	NOUN
fsr-3420	222	3	discussed	discuss	VERB
fsr-3420	222	4	at	at	ADP
fsr-3420	222	5	the	the	DET
fsr-3420	222	6	end	end	NOUN
fsr-3420	222	7	of	of	ADP
fsr-3420	222	8	the	the	DET
fsr-3420	222	9	previous	previous	ADJ
fsr-3420	222	10	section	section	NOUN
fsr-3420	222	11	show	show	VERB
fsr-3420	222	12	that	that	SCONJ
fsr-3420	222	13	the	the	DET
fsr-3420	222	14	magnitude	magnitude	NOUN
fsr-3420	222	15	of	of	ADP
fsr-3420	222	16	the	the	DET
fsr-3420	222	17	sequencing	sequence	VERB
fsr-3420	222	18	impact	impact	NOUN
fsr-3420	222	19	can	can	AUX
fsr-3420	222	20	be	be	AUX
fsr-3420	222	21	downright	downright	ADV
fsr-3420	222	22	stunning	stunning	ADJ
fsr-3420	222	23	.	.	PUNCT
fsr-3420	223	1	eq	eq	ADJ
fsr-3420	223	2	.	.	PUNCT
fsr-3420	224	1	(	(	PUNCT
fsr-3420	224	2	3	3	X
fsr-3420	224	3	)	)	PUNCT
fsr-3420	224	4	shows	show	VERB
fsr-3420	224	5	the	the	DET
fsr-3420	224	6	explicit	explicit	ADJ
fsr-3420	224	7	formula	formula	NOUN
fsr-3420	224	8	for	for	ADP
fsr-3420	224	9	the	the	DET
fsr-3420	224	10	sequencing	sequence	VERB
fsr-3420	224	11	factor	factor	NOUN
fsr-3420	224	12	which	which	PRON
fsr-3420	224	13	,	,	PUNCT
fsr-3420	224	14	as	as	SCONJ
fsr-3420	224	15	discussed	discuss	VERB
fsr-3420	224	16	in	in	ADP
fsr-3420	224	17	ssw	ssw	PROPN
fsr-3420	224	18	,	,	PUNCT
fsr-3420	224	19	is	be	AUX
fsr-3420	224	20	not	not	PART
fsr-3420	224	21	a	a	DET
fsr-3420	224	22	proxy	proxy	NOUN
fsr-3420	224	23	measure	measure	NOUN
fsr-3420	224	24	.	.	PUNCT
fsr-3420	225	1	it	it	PRON
fsr-3420	225	2	comes	come	VERB
fsr-3420	225	3	directly	directly	ADV
fsr-3420	225	4	from	from	ADP
fsr-3420	225	5	an	an	DET
fsr-3420	225	6	analytic	analytic	ADJ
fsr-3420	225	7	dissection	dissection	NOUN
fsr-3420	225	8	of	of	ADP
fsr-3420	225	9	the	the	DET
fsr-3420	225	10	problem	problem	NOUN
fsr-3420	225	11	and	and	CCONJ
fsr-3420	225	12	it	it	PRON
fsr-3420	225	13	is	be	AUX
fsr-3420	225	14	a	a	DET
fsr-3420	225	15	measure	measure	NOUN
fsr-3420	225	16	of	of	ADP
fsr-3420	225	17	orientation	orientation	NOUN
fsr-3420	225	18	,	,	PUNCT
fsr-3420	225	19	in	in	ADP
fsr-3420	225	20	the	the	DET
fsr-3420	225	21	same	same	ADJ
fsr-3420	225	22	sense	sense	NOUN
fsr-3420	225	23	that	that	DET
fsr-3420	225	24	variance	variance	NOUN
fsr-3420	225	25	is	be	AUX
fsr-3420	225	26	a	a	DET
fsr-3420	225	27	measure	measure	NOUN
fsr-3420	225	28	of	of	ADP
fsr-3420	225	29	dispersion	dispersion	NOUN
fsr-3420	225	30	—	—	PUNCT
fsr-3420	225	31	and	and	CCONJ
fsr-3420	225	32	the	the	DET
fsr-3420	225	33	orientation	orientation	NOUN
fsr-3420	225	34	of	of	ADP
fsr-3420	225	35	return	return	NOUN
fsr-3420	225	36	rates	rate	NOUN
fsr-3420	225	37	(	(	PUNCT
fsr-3420	225	38	going	go	VERB
fsr-3420	225	39	up	up	ADP
fsr-3420	225	40	,	,	PUNCT
fsr-3420	225	41	going	go	VERB
fsr-3420	225	42	down	down	ADV
fsr-3420	225	43	,	,	PUNCT
fsr-3420	225	44	up	up	ADV
fsr-3420	225	45	a	a	DET
fsr-3420	225	46	little	little	ADJ
fsr-3420	225	47	then	then	ADV
fsr-3420	225	48	down	down	ADP
fsr-3420	225	49	a	a	DET
fsr-3420	225	50	lot	lot	NOUN
fsr-3420	225	51	,	,	PUNCT
fsr-3420	225	52	etc	etc	X
fsr-3420	225	53	.	.	X
fsr-3420	225	54	)	)	PUNCT
fsr-3420	225	55	is	be	AUX
fsr-3420	225	56	the	the	DET
fsr-3420	225	57	crucial	crucial	ADJ
fsr-3420	225	58	element	element	NOUN
fsr-3420	225	59	that	that	SCONJ
fsr-3420	225	60	the	the	DET
fsr-3420	225	61	adjustment	adjustment	NOUN
fsr-3420	225	62	factor	factor	NOUN
fsr-3420	225	63	should	should	AUX
fsr-3420	225	64	capture	capture	VERB
fsr-3420	225	65	.	.	PUNCT
fsr-3420	226	1	fig	fig	NOUN
fsr-3420	226	2	.	.	PUNCT
fsr-3420	227	1	7	7	NUM
fsr-3420	227	2	displays	display	VERB
fsr-3420	227	3	the	the	DET
fsr-3420	227	4	values	value	NOUN
fsr-3420	227	5	that	that	PRON
fsr-3420	227	6	this	this	DET
fsr-3420	227	7	formula	formula	NOUN
fsr-3420	227	8	has	have	AUX
fsr-3420	227	9	taken	take	VERB
fsr-3420	227	10	over	over	ADP
fsr-3420	227	11	the	the	DET
fsr-3420	227	12	historical	historical	ADJ
fsr-3420	227	13	record	record	NOUN
fsr-3420	227	14	in	in	ADP
fsr-3420	227	15	the	the	DET
fsr-3420	227	16	standard	standard	ADJ
fsr-3420	227	17	scenario	scenario	NOUN
fsr-3420	227	18	,	,	PUNCT
fsr-3420	227	19	with	with	ADP
fsr-3420	227	20	the	the	DET
fsr-3420	227	21	corresponding	corresponding	ADJ
fsr-3420	227	22	frequency	frequency	NOUN
fsr-3420	227	23	distribution	distribution	NOUN
fsr-3420	227	24	shown	show	VERB
fsr-3420	227	25	in	in	ADP
fsr-3420	227	26	fig	fig	NOUN
fsr-3420	227	27	.	.	PUNCT
fsr-3420	228	1	8	8	NUM
fsr-3420	228	2	.	.	PUNCT
fsr-3420	229	1	the	the	DET
fsr-3420	229	2	first	first	ADJ
fsr-3420	229	3	salient	salient	ADJ
fsr-3420	229	4	feature	feature	NOUN
fsr-3420	229	5	in	in	ADP
fsr-3420	229	6	fig	fig	NOUN
fsr-3420	229	7	.	.	PUNCT
fsr-3420	229	8	7	7	NUM
fsr-3420	229	9	is	be	AUX
fsr-3420	229	10	that	that	SCONJ
fsr-3420	229	11	the	the	DET
fsr-3420	229	12	sequencing	sequence	VERB
fsr-3420	229	13	factor	factor	NOUN
fsr-3420	229	14	is	be	AUX
fsr-3420	229	15	low	low	ADJ
fsr-3420	229	16	(	(	PUNCT
fsr-3420	229	17	unfavorable	unfavorable	ADJ
fsr-3420	229	18	ordering	ordering	NOUN
fsr-3420	229	19	)	)	PUNCT
fsr-3420	229	20	and	and	CCONJ
fsr-3420	229	21	relatively	relatively	ADV
fsr-3420	229	22	stable	stable	ADJ
fsr-3420	229	23	for	for	ADP
fsr-3420	229	24	a	a	DET
fsr-3420	229	25	very	very	ADV
fsr-3420	229	26	long	long	ADJ
fsr-3420	229	27	time	time	NOUN
fsr-3420	229	28	at	at	ADP
fsr-3420	229	29	the	the	DET
fsr-3420	229	30	beginning	beginning	NOUN
fsr-3420	229	31	of	of	ADP
fsr-3420	229	32	the	the	DET
fsr-3420	229	33	chart	chart	NOUN
fsr-3420	229	34	.	.	PUNCT
fsr-3420	230	1	for	for	ADP
fsr-3420	230	2	the	the	DET
fsr-3420	230	3	first	first	ADJ
fsr-3420	230	4	173months	173months	PROPN
fsr-3420	230	5	(	(	PUNCT
fsr-3420	230	6	almost	almost	ADV
fsr-3420	230	7	14	14	NUM
fsr-3420	230	8	and	and	CCONJ
fsr-3420	230	9	a	a	DET
fsr-3420	230	10	half	half	NOUN
fsr-3420	230	11	years	year	NOUN
fsr-3420	230	12	!	!	PUNCT
fsr-3420	230	13	)	)	PUNCT
fsr-3420	231	1	the	the	DET
fsr-3420	231	2	sequencing	sequence	VERB
fsr-3420	231	3	factor	factor	NOUN
fsr-3420	231	4	stays	stay	VERB
fsr-3420	231	5	inside	inside	ADP
fsr-3420	231	6	the	the	DET
fsr-3420	231	7	lowest	low	ADJ
fsr-3420	231	8	two	two	NUM
fsr-3420	231	9	brackets	bracket	NOUN
fsr-3420	231	10	of	of	ADP
fsr-3420	231	11	the	the	DET
fsr-3420	231	12	frequency	frequency	NOUN
fsr-3420	231	13	distribution	distribution	NOUN
fsr-3420	231	14	in	in	ADP
fsr-3420	231	15	fig	fig	NOUN
fsr-3420	231	16	.	.	PUNCT
fsr-3420	232	1	8	8	NUM
fsr-3420	232	2	,	,	PUNCT
fsr-3420	232	3	not	not	PART
fsr-3420	232	4	surpassing	surpass	VERB
fsr-3420	232	5	the	the	DET
fsr-3420	232	6	0.0075	0.0075	NUM
fsr-3420	232	7	mark	mark	NOUN
fsr-3420	232	8	until	until	ADP
fsr-3420	232	9	june	june	PROPN
fsr-3420	232	10	1940	1940	NUM
fsr-3420	232	11	.	.	PUNCT
fsr-3420	233	1	the	the	DET
fsr-3420	233	2	reason	reason	NOUN
fsr-3420	233	3	for	for	ADP
fsr-3420	233	4	this	this	PRON
fsr-3420	233	5	is	be	AUX
fsr-3420	233	6	,	,	PUNCT
fsr-3420	233	7	of	of	ADP
fsr-3420	233	8	course	course	NOUN
fsr-3420	233	9	,	,	PUNCT
fsr-3420	233	10	the	the	DET
fsr-3420	233	11	general	general	ADJ
fsr-3420	233	12	instability	instability	NOUN
fsr-3420	233	13	that	that	PRON
fsr-3420	233	14	affected	affect	VERB
fsr-3420	233	15	equity	equity	NOUN
fsr-3420	233	16	markets	market	NOUN
fsr-3420	233	17	during	during	ADP
fsr-3420	233	18	most	most	ADJ
fsr-3420	233	19	of	of	ADP
fsr-3420	233	20	the	the	DET
fsr-3420	233	21	1930s	1930	NOUN
fsr-3420	233	22	—	—	PUNCT
fsr-3420	233	23	the	the	DET
fsr-3420	233	24	great	great	ADJ
fsr-3420	233	25	depression	depression	NOUN
fsr-3420	233	26	.	.	PUNCT
fsr-3420	234	1	this	this	DET
fsr-3420	234	2	“	"	PUNCT
fsr-3420	234	3	shaky	shaky	ADJ
fsr-3420	234	4	ground	ground	NOUN
fsr-3420	234	5	”	"	PUNCT
fsr-3420	234	6	situation	situation	NOUN
fsr-3420	234	7	meant	mean	VERB
fsr-3420	234	8	that	that	SCONJ
fsr-3420	234	9	if	if	SCONJ
fsr-3420	234	10	an	an	DET
fsr-3420	234	11	investment	investment	NOUN
fsr-3420	234	12	portfolio	portfolio	NOUN
fsr-3420	234	13	entered	enter	VERB
fsr-3420	234	14	the	the	DET
fsr-3420	234	15	withdrawal	withdrawal	NOUN
fsr-3420	234	16	stage	stage	NOUN
fsr-3420	234	17	at	at	ADP
fsr-3420	234	18	any	any	DET
fsr-3420	234	19	time	time	NOUN
fsr-3420	234	20	during	during	ADP
fsr-3420	234	21	this	this	DET
fsr-3420	234	22	period	period	NOUN
fsr-3420	234	23	,	,	PUNCT
fsr-3420	234	24	it	it	PRON
fsr-3420	234	25	did	do	AUX
fsr-3420	234	26	n’t	not	PART
fsr-3420	234	27	take	take	VERB
fsr-3420	234	28	long	long	ADV
fsr-3420	234	29	for	for	SCONJ
fsr-3420	234	30	it	it	PRON
fsr-3420	234	31	to	to	PART
fsr-3420	234	32	reach	reach	VERB
fsr-3420	234	33	one	one	NUM
fsr-3420	234	34	or	or	CCONJ
fsr-3420	234	35	more	more	ADJ
fsr-3420	234	36	months	month	NOUN
fsr-3420	234	37	when	when	SCONJ
fsr-3420	234	38	the	the	DET
fsr-3420	234	39	stock	stock	NOUN
fsr-3420	234	40	market	market	NOUN
fsr-3420	234	41	crashed	crash	VERB
fsr-3420	234	42	violently	violently	ADV
fsr-3420	234	43	.	.	PUNCT
fsr-3420	235	1	for	for	ADP
fsr-3420	235	2	the	the	DET
fsr-3420	235	3	30	30	NUM
fsr-3420	235	4	-	-	PUNCT
fsr-3420	235	5	year	year	NOUN
fsr-3420	235	6	periods	period	NOUN
fsr-3420	235	7	beginning	begin	VERB
fsr-3420	235	8	during	during	ADP
fsr-3420	235	9	1926	1926	NUM
fsr-3420	235	10	,	,	PUNCT
fsr-3420	235	11	1927	1927	NUM
fsr-3420	235	12	,	,	PUNCT
fsr-3420	235	13	or	or	CCONJ
fsr-3420	235	14	1928	1928	NUM
fsr-3420	235	15	,	,	PUNCT
fsr-3420	235	16	the	the	DET
fsr-3420	235	17	crash	crash	NOUN
fsr-3420	235	18	of	of	ADP
fsr-3420	235	19	october	october	PROPN
fsr-3420	235	20	1929	1929	NUM
fsr-3420	235	21	came	come	VERB
fsr-3420	235	22	along	along	ADP
fsr-3420	235	23	very	very	ADV
fsr-3420	235	24	quickly	quickly	ADV
fsr-3420	235	25	,	,	PUNCT
fsr-3420	235	26	hurting	hurt	VERB
fsr-3420	235	27	the	the	DET
fsr-3420	235	28	sequencing	sequence	VERB
fsr-3420	235	29	factor	factor	NOUN
fsr-3420	235	30	irreparably	irreparably	ADV
fsr-3420	235	31	even	even	ADV
fsr-3420	235	32	though	though	SCONJ
fsr-3420	235	33	the	the	DET
fsr-3420	235	34	average	average	ADJ
fsr-3420	235	35	rate	rate	NOUN
fsr-3420	235	36	of	of	ADP
fsr-3420	235	37	return	return	NOUN
fsr-3420	235	38	ended	end	VERB
fsr-3420	235	39	up	up	ADP
fsr-3420	235	40	in	in	ADP
fsr-3420	235	41	the	the	DET
fsr-3420	235	42	6%–8	6%–8	NUM
fsr-3420	235	43	%	%	NOUN
fsr-3420	235	44	108	108	NUM
fsr-3420	235	45	e.d	e.d	PROPN
fsr-3420	235	46	.	.	PROPN
fsr-3420	235	47	suarez	suarez	PROPN
fsr-3420	235	48	/	/	SYM
fsr-3420	235	49	financial	financial	ADJ
fsr-3420	235	50	services	service	NOUN
fsr-3420	235	51	review	review	VERB
fsr-3420	235	52	28	28	NUM
fsr-3420	235	53	(	(	PUNCT
fsr-3420	235	54	2020	2020	NUM
fsr-3420	235	55	)	)	PUNCT
fsr-3420	236	1	96–132	96–132	NUM
fsr-3420	236	2	range	range	NOUN
fsr-3420	236	3	.	.	PUNCT
fsr-3420	237	1	the	the	DET
fsr-3420	237	2	periods	period	NOUN
fsr-3420	237	3	beginning	begin	VERB
fsr-3420	237	4	shortly	shortly	ADV
fsr-3420	237	5	after	after	ADP
fsr-3420	237	6	black	black	ADJ
fsr-3420	237	7	tuesday	tuesday	PROPN
fsr-3420	237	8	did	do	AUX
fsr-3420	237	9	not	not	PART
fsr-3420	237	10	fare	fare	VERB
fsr-3420	237	11	much	much	ADV
fsr-3420	237	12	better	well	ADJ
fsr-3420	237	13	,	,	PUNCT
fsr-3420	237	14	sequence	sequence	NOUN
fsr-3420	237	15	-	-	PUNCT
fsr-3420	237	16	wise	wise	ADJ
fsr-3420	237	17	,	,	PUNCT
fsr-3420	237	18	since	since	SCONJ
fsr-3420	237	19	“	"	PUNCT
fsr-3420	237	20	just	just	ADV
fsr-3420	237	21	around	around	ADP
fsr-3420	237	22	the	the	DET
fsr-3420	237	23	corner	corner	NOUN
fsr-3420	237	24	”	"	PUNCT
fsr-3420	237	25	they	they	PRON
fsr-3420	237	26	would	would	AUX
fsr-3420	237	27	meet	meet	VERB
fsr-3420	237	28	terrible	terrible	ADJ
fsr-3420	237	29	results	result	NOUN
fsr-3420	237	30	in	in	ADP
fsr-3420	237	31	june	june	PROPN
fsr-3420	237	32	1930	1930	NUM
fsr-3420	237	33	,	,	PUNCT
fsr-3420	237	34	september	september	PROPN
fsr-3420	237	35	1931	1931	NUM
fsr-3420	237	36	,	,	PUNCT
fsr-3420	237	37	and	and	CCONJ
fsr-3420	237	38	the	the	DET
fsr-3420	237	39	march	march	PROPN
fsr-3420	237	40	-	-	PUNCT
fsr-3420	237	41	april	april	PROPN
fsr-3420	237	42	-	-	PUNCT
fsr-3420	237	43	may	may	AUX
fsr-3420	237	44	stretch	stretch	VERB
fsr-3420	237	45	of	of	ADP
fsr-3420	237	46	1932	1932	NUM
fsr-3420	237	47	.	.	PUNCT
fsr-3420	238	1	later	later	ADJ
fsr-3420	238	2	periods	period	NOUN
fsr-3420	238	3	in	in	ADP
fsr-3420	238	4	this	this	DET
fsr-3420	238	5	era	era	NOUN
fsr-3420	238	6	would	would	AUX
fsr-3420	238	7	be	be	AUX
fsr-3420	238	8	similarly	similarly	ADV
fsr-3420	238	9	crippled	cripple	VERB
fsr-3420	238	10	by	by	ADP
fsr-3420	238	11	major	major	ADJ
fsr-3420	238	12	downturns	downturn	NOUN
fsr-3420	238	13	in	in	ADP
fsr-3420	238	14	september	september	PROPN
fsr-3420	238	15	1937	1937	NUM
fsr-3420	238	16	,	,	PUNCT
fsr-3420	238	17	march	march	PROPN
fsr-3420	238	18	1938	1938	NUM
fsr-3420	238	19	,	,	PUNCT
fsr-3420	238	20	and	and	CCONJ
fsr-3420	238	21	may	may	PROPN
fsr-3420	238	22	1940	1940	NUM
fsr-3420	238	23	.	.	PUNCT
fsr-3420	239	1	fig	fig	NOUN
fsr-3420	239	2	.	.	PUNCT
fsr-3420	240	1	7	7	X
fsr-3420	240	2	.	.	X
fsr-3420	240	3	sequencing	sequence	VERB
fsr-3420	240	4	factor	factor	NOUN
fsr-3420	240	5	for	for	ADP
fsr-3420	240	6	100%-stocks	100%-stock	NOUN
fsr-3420	240	7	portfolio	portfolio	NOUN
fsr-3420	240	8	over	over	ADP
fsr-3420	240	9	30	30	NUM
fsr-3420	240	10	-	-	PUNCT
fsr-3420	240	11	year	year	NOUN
fsr-3420	240	12	periods	period	NOUN
fsr-3420	240	13	.	.	PUNCT
fsr-3420	241	1	the	the	DET
fsr-3420	241	2	sequencing	sequence	VERB
fsr-3420	241	3	factor	factor	NOUN
fsr-3420	241	4	is	be	AUX
fsr-3420	241	5	a	a	DET
fsr-3420	241	6	measure	measure	NOUN
fsr-3420	241	7	of	of	ADP
fsr-3420	241	8	the	the	DET
fsr-3420	241	9	orientation	orientation	NOUN
fsr-3420	241	10	of	of	ADP
fsr-3420	241	11	an	an	DET
fsr-3420	241	12	ordered	order	VERB
fsr-3420	241	13	set	set	NOUN
fsr-3420	241	14	of	of	ADP
fsr-3420	241	15	numbers	number	NOUN
fsr-3420	241	16	.	.	PUNCT
fsr-3420	242	1	if	if	SCONJ
fsr-3420	242	2	it	it	PRON
fsr-3420	242	3	is	be	AUX
fsr-3420	242	4	large	large	ADJ
fsr-3420	242	5	it	it	PRON
fsr-3420	242	6	means	mean	VERB
fsr-3420	242	7	that	that	SCONJ
fsr-3420	242	8	the	the	DET
fsr-3420	242	9	set	set	NOUN
fsr-3420	242	10	goes	go	VERB
fsr-3420	242	11	from	from	ADP
fsr-3420	242	12	high	high	ADJ
fsr-3420	242	13	to	to	AUX
fsr-3420	242	14	low	low	ADJ
fsr-3420	242	15	,	,	PUNCT
fsr-3420	242	16	instead	instead	ADV
fsr-3420	242	17	of	of	ADP
fsr-3420	242	18	the	the	DET
fsr-3420	242	19	other	other	ADJ
fsr-3420	242	20	way	way	NOUN
fsr-3420	242	21	around	around	ADV
fsr-3420	242	22	—	—	PUNCT
fsr-3420	242	23	which	which	PRON
fsr-3420	242	24	is	be	AUX
fsr-3420	242	25	good	good	ADJ
fsr-3420	242	26	,	,	PUNCT
fsr-3420	242	27	if	if	SCONJ
fsr-3420	242	28	the	the	DET
fsr-3420	242	29	numbers	number	NOUN
fsr-3420	242	30	in	in	ADP
fsr-3420	242	31	the	the	DET
fsr-3420	242	32	set	set	NOUN
fsr-3420	242	33	are	be	AUX
fsr-3420	242	34	rates	rate	NOUN
fsr-3420	242	35	of	of	ADP
fsr-3420	242	36	return	return	NOUN
fsr-3420	242	37	.	.	PUNCT
fsr-3420	243	1	fig	fig	NOUN
fsr-3420	243	2	.	.	PUNCT
fsr-3420	244	1	8	8	NUM
fsr-3420	244	2	.	.	PUNCT
fsr-3420	244	3	frequency	frequency	NOUN
fsr-3420	244	4	distribution	distribution	NOUN
fsr-3420	244	5	for	for	ADP
fsr-3420	244	6	sequencing	sequence	VERB
fsr-3420	244	7	factor	factor	NOUN
fsr-3420	244	8	in	in	ADP
fsr-3420	244	9	standard	standard	ADJ
fsr-3420	244	10	scenario	scenario	NOUN
fsr-3420	244	11	.	.	PUNCT
fsr-3420	245	1	the	the	DET
fsr-3420	245	2	sequencing	sequence	VERB
fsr-3420	245	3	factor	factor	NOUN
fsr-3420	245	4	is	be	AUX
fsr-3420	245	5	a	a	DET
fsr-3420	245	6	measure	measure	NOUN
fsr-3420	245	7	of	of	ADP
fsr-3420	245	8	orientation	orientation	NOUN
fsr-3420	245	9	in	in	ADP
fsr-3420	245	10	return	return	NOUN
fsr-3420	245	11	rates	rate	NOUN
fsr-3420	245	12	(	(	PUNCT
fsr-3420	245	13	“	"	PUNCT
fsr-3420	245	14	going	go	VERB
fsr-3420	245	15	up	up	ADP
fsr-3420	245	16	”	"	PUNCT
fsr-3420	245	17	vs.	vs.	X
fsr-3420	245	18	“	"	PUNCT
fsr-3420	245	19	going	go	VERB
fsr-3420	245	20	down	down	ADV
fsr-3420	245	21	”	"	PUNCT
fsr-3420	245	22	)	)	PUNCT
fsr-3420	245	23	.	.	PUNCT
fsr-3420	246	1	in	in	ADP
fsr-3420	246	2	general	general	ADJ
fsr-3420	246	3	,	,	PUNCT
fsr-3420	246	4	a	a	DET
fsr-3420	246	5	low	low	ADJ
fsr-3420	246	6	value	value	NOUN
fsr-3420	246	7	of	of	ADP
fsr-3420	246	8	the	the	DET
fsr-3420	246	9	sequencing	sequence	VERB
fsr-3420	246	10	factor	factor	NOUN
fsr-3420	246	11	means	mean	VERB
fsr-3420	246	12	that	that	SCONJ
fsr-3420	246	13	the	the	DET
fsr-3420	246	14	sequence	sequence	NOUN
fsr-3420	246	15	of	of	ADP
fsr-3420	246	16	returns	return	NOUN
fsr-3420	246	17	went	go	VERB
fsr-3420	246	18	mostly	mostly	ADV
fsr-3420	246	19	downwards	downward	NOUN
fsr-3420	246	20	,	,	PUNCT
fsr-3420	246	21	which	which	PRON
fsr-3420	246	22	in	in	ADP
fsr-3420	246	23	turn	turn	NOUN
fsr-3420	246	24	is	be	AUX
fsr-3420	246	25	correspondingly	correspondingly	ADV
fsr-3420	246	26	worse	bad	ADJ
fsr-3420	246	27	for	for	ADP
fsr-3420	246	28	the	the	DET
fsr-3420	246	29	retiree	retiree	NOUN
fsr-3420	246	30	.	.	PUNCT
fsr-3420	247	1	e.d	e.d	PROPN
fsr-3420	247	2	.	.	PROPN
fsr-3420	247	3	suarez	suarez	PROPN
fsr-3420	247	4	/	/	SYM
fsr-3420	247	5	financial	financial	ADJ
fsr-3420	247	6	services	service	NOUN
fsr-3420	247	7	review	review	VERB
fsr-3420	247	8	28	28	NUM
fsr-3420	247	9	(	(	PUNCT
fsr-3420	247	10	2020	2020	NUM
fsr-3420	247	11	)	)	PUNCT
fsr-3420	248	1	96–132	96–132	NUM
fsr-3420	248	2	109	109	NUM
fsr-3420	248	3	therefore	therefore	ADV
fsr-3420	248	4	,	,	PUNCT
fsr-3420	248	5	we	we	PRON
fsr-3420	248	6	could	could	AUX
fsr-3420	248	7	say	say	VERB
fsr-3420	248	8	that	that	SCONJ
fsr-3420	248	9	in	in	ADP
fsr-3420	248	10	these	these	DET
fsr-3420	248	11	years	year	NOUN
fsr-3420	248	12	the	the	DET
fsr-3420	248	13	sequencing	sequence	VERB
fsr-3420	248	14	factor	factor	NOUN
fsr-3420	248	15	was	be	AUX
fsr-3420	248	16	low	low	ADJ
fsr-3420	248	17	because	because	SCONJ
fsr-3420	248	18	the	the	DET
fsr-3420	248	19	return	return	NOUN
fsr-3420	248	20	rates	rate	NOUN
fsr-3420	248	21	could	could	AUX
fsr-3420	248	22	not	not	PART
fsr-3420	248	23	sustain	sustain	VERB
fsr-3420	248	24	a	a	DET
fsr-3420	248	25	normal	normal	ADJ
fsr-3420	248	26	level	level	NOUN
fsr-3420	248	27	for	for	ADP
fsr-3420	248	28	long	long	ADV
fsr-3420	248	29	,	,	PUNCT
fsr-3420	248	30	instead	instead	ADV
fsr-3420	248	31	crashing	crash	VERB
fsr-3420	248	32	constantly	constantly	ADV
fsr-3420	248	33	.	.	PUNCT
fsr-3420	249	1	the	the	DET
fsr-3420	249	2	cumulative	cumulative	ADJ
fsr-3420	249	3	rate	rate	NOUN
fsr-3420	249	4	of	of	ADP
fsr-3420	249	5	return	return	NOUN
fsr-3420	249	6	over	over	ADP
fsr-3420	249	7	30	30	NUM
fsr-3420	249	8	years	year	NOUN
fsr-3420	249	9	was	be	AUX
fsr-3420	249	10	very	very	ADV
fsr-3420	249	11	acceptable	acceptable	ADJ
fsr-3420	249	12	,	,	PUNCT
fsr-3420	249	13	but	but	CCONJ
fsr-3420	249	14	the	the	DET
fsr-3420	249	15	initial	initial	ADJ
fsr-3420	249	16	years	year	NOUN
fsr-3420	249	17	were	be	AUX
fsr-3420	249	18	bad	bad	ADJ
fsr-3420	249	19	and	and	CCONJ
fsr-3420	249	20	the	the	DET
fsr-3420	249	21	damage	damage	NOUN
fsr-3420	249	22	was	be	AUX
fsr-3420	249	23	done	do	VERB
fsr-3420	249	24	.	.	PUNCT
fsr-3420	250	1	next	next	ADV
fsr-3420	250	2	in	in	ADP
fsr-3420	250	3	fig	fig	NOUN
fsr-3420	250	4	.	.	PUNCT
fsr-3420	251	1	7	7	NUM
fsr-3420	251	2	we	we	PRON
fsr-3420	251	3	come	come	VERB
fsr-3420	251	4	across	across	ADP
fsr-3420	251	5	a	a	DET
fsr-3420	251	6	stretch	stretch	NOUN
fsr-3420	251	7	of	of	ADP
fsr-3420	251	8	rising	rise	VERB
fsr-3420	251	9	values	value	NOUN
fsr-3420	251	10	culminating	culminate	VERB
fsr-3420	251	11	in	in	ADP
fsr-3420	251	12	august	august	PROPN
fsr-3420	251	13	1952	1952	NUM
fsr-3420	251	14	,	,	PUNCT
fsr-3420	251	15	when	when	SCONJ
fsr-3420	251	16	the	the	DET
fsr-3420	251	17	sequencing	sequence	VERB
fsr-3420	251	18	factor	factor	NOUN
fsr-3420	251	19	reached	reach	VERB
fsr-3420	251	20	its	its	PRON
fsr-3420	251	21	maximum	maximum	ADJ
fsr-3420	251	22	value	value	NOUN
fsr-3420	251	23	of	of	ADP
fsr-3420	251	24	0.0261	0.0261	NUM
fsr-3420	251	25	.	.	PUNCT
fsr-3420	252	1	indeed	indeed	ADV
fsr-3420	252	2	,	,	PUNCT
fsr-3420	252	3	the	the	DET
fsr-3420	252	4	sequencing	sequence	VERB
fsr-3420	252	5	factor	factor	NOUN
fsr-3420	252	6	was	be	AUX
fsr-3420	252	7	over	over	ADP
fsr-3420	252	8	0.02	0.02	NUM
fsr-3420	252	9	for	for	ADP
fsr-3420	252	10	17months	17months	NUM
fsr-3420	252	11	—	—	PUNCT
fsr-3420	252	12	between	between	ADP
fsr-3420	252	13	september	september	PROPN
fsr-3420	252	14	1951	1951	NUM
fsr-3420	252	15	and	and	CCONJ
fsr-3420	252	16	january	january	PROPN
fsr-3420	252	17	1953	1953	NUM
fsr-3420	252	18	—	—	PUNCT
fsr-3420	252	19	which	which	DET
fsr-3420	252	20	produced	produce	VERB
fsr-3420	252	21	pwrs	pwrs	NOUN
fsr-3420	252	22	around	around	ADP
fsr-3420	252	23	10	10	NUM
fsr-3420	252	24	%	%	NOUN
fsr-3420	252	25	even	even	ADV
fsr-3420	252	26	though	though	SCONJ
fsr-3420	252	27	the	the	DET
fsr-3420	252	28	average	average	ADJ
fsr-3420	252	29	return	return	NOUN
fsr-3420	252	30	rate	rate	NOUN
fsr-3420	252	31	was	be	AUX
fsr-3420	252	32	quite	quite	ADV
fsr-3420	252	33	low	low	ADJ
fsr-3420	252	34	.	.	PUNCT
fsr-3420	253	1	and	and	CCONJ
fsr-3420	253	2	none	none	NOUN
fsr-3420	253	3	of	of	ADP
fsr-3420	253	4	these	these	DET
fsr-3420	253	5	17months	17month	NOUN
fsr-3420	253	6	produced	produce	VERB
fsr-3420	253	7	spectacularly	spectacularly	ADV
fsr-3420	253	8	high	high	ADJ
fsr-3420	253	9	returns	return	NOUN
fsr-3420	253	10	(	(	PUNCT
fsr-3420	253	11	the	the	DET
fsr-3420	253	12	maximum	maximum	NOUN
fsr-3420	253	13	was	be	AUX
fsr-3420	253	14	5.7	5.7	NUM
fsr-3420	253	15	%	%	NOUN
fsr-3420	253	16	in	in	ADP
fsr-3420	253	17	november	november	PROPN
fsr-3420	253	18	1952	1952	NUM
fsr-3420	253	19	)	)	PUNCT
fsr-3420	253	20	;	;	PUNCT
fsr-3420	253	21	rather	rather	ADV
fsr-3420	253	22	,	,	PUNCT
fsr-3420	253	23	it	it	PRON
fsr-3420	253	24	was	be	AUX
fsr-3420	253	25	a	a	DET
fsr-3420	253	26	period	period	NOUN
fsr-3420	253	27	when	when	SCONJ
fsr-3420	253	28	returns	return	NOUN
fsr-3420	253	29	followed	follow	VERB
fsr-3420	253	30	more	more	ADV
fsr-3420	253	31	or	or	CCONJ
fsr-3420	253	32	less	less	ADV
fsr-3420	253	33	an	an	DET
fsr-3420	253	34	increasing	increase	VERB
fsr-3420	253	35	pattern	pattern	NOUN
fsr-3420	253	36	:	:	PUNCT
fsr-3420	253	37	from	from	ADP
fsr-3420	253	38	slightly	slightly	ADV
fsr-3420	253	39	negative	negative	ADJ
fsr-3420	253	40	in	in	ADP
fsr-3420	253	41	its	its	PRON
fsr-3420	253	42	first	first	ADJ
fsr-3420	253	43	two	two	NUM
fsr-3420	253	44	months	month	NOUN
fsr-3420	253	45	to	to	PART
fsr-3420	253	46	moderately	moderately	ADV
fsr-3420	253	47	strong	strong	ADJ
fsr-3420	253	48	at	at	ADP
fsr-3420	253	49	the	the	DET
fsr-3420	253	50	end	end	NOUN
fsr-3420	253	51	of	of	ADP
fsr-3420	253	52	1952	1952	NUM
fsr-3420	253	53	.	.	PUNCT
fsr-3420	254	1	the	the	DET
fsr-3420	254	2	return	return	NOUN
fsr-3420	254	3	sequences	sequence	NOUN
fsr-3420	254	4	then	then	ADV
fsr-3420	254	5	managed	manage	VERB
fsr-3420	254	6	to	to	PART
fsr-3420	254	7	stay	stay	VERB
fsr-3420	254	8	clear	clear	ADJ
fsr-3420	254	9	of	of	ADP
fsr-3420	254	10	major	major	ADJ
fsr-3420	254	11	crashes	crash	NOUN
fsr-3420	254	12	for	for	ADP
fsr-3420	254	13	a	a	DET
fsr-3420	254	14	number	number	NOUN
fsr-3420	254	15	of	of	ADP
fsr-3420	254	16	years	year	NOUN
fsr-3420	254	17	,	,	PUNCT
fsr-3420	254	18	but	but	CCONJ
fsr-3420	254	19	otherwise	otherwise	ADV
fsr-3420	254	20	these	these	DET
fsr-3420	254	21	moderately	moderately	ADV
fsr-3420	254	22	favorable	favorable	ADJ
fsr-3420	254	23	starts	start	NOUN
fsr-3420	254	24	were	be	AUX
fsr-3420	254	25	all	all	PRON
fsr-3420	254	26	it	it	PRON
fsr-3420	254	27	took	take	VERB
fsr-3420	254	28	for	for	SCONJ
fsr-3420	254	29	the	the	DET
fsr-3420	254	30	sequencing	sequence	VERB
fsr-3420	254	31	factor	factor	NOUN
fsr-3420	254	32	to	to	PART
fsr-3420	254	33	attain	attain	VERB
fsr-3420	254	34	very	very	ADV
fsr-3420	254	35	high	high	ADJ
fsr-3420	254	36	values	value	NOUN
fsr-3420	254	37	.	.	PUNCT
fsr-3420	255	1	it	it	PRON
fsr-3420	255	2	would	would	AUX
fsr-3420	255	3	seem	seem	VERB
fsr-3420	255	4	that	that	SCONJ
fsr-3420	255	5	a	a	DET
fsr-3420	255	6	favorable	favorable	ADJ
fsr-3420	255	7	return	return	NOUN
fsr-3420	255	8	sequence	sequence	NOUN
fsr-3420	255	9	is	be	AUX
fsr-3420	255	10	not	not	PART
fsr-3420	255	11	so	so	ADV
fsr-3420	255	12	much	much	ADJ
fsr-3420	255	13	one	one	NOUN
fsr-3420	255	14	that	that	PRON
fsr-3420	255	15	starts	start	VERB
fsr-3420	255	16	with	with	ADP
fsr-3420	255	17	a	a	DET
fsr-3420	255	18	bang	bang	NOUN
fsr-3420	255	19	,	,	PUNCT
fsr-3420	255	20	but	but	CCONJ
fsr-3420	255	21	one	one	NOUN
fsr-3420	255	22	that	that	PRON
fsr-3420	255	23	does	do	AUX
fsr-3420	255	24	n’t	not	PART
fsr-3420	255	25	get	get	VERB
fsr-3420	255	26	its	its	PRON
fsr-3420	255	27	legs	leg	NOUN
fsr-3420	255	28	cut	cut	VERB
fsr-3420	255	29	off	off	ADP
fsr-3420	255	30	too	too	ADV
fsr-3420	255	31	quickly	quickly	ADV
fsr-3420	255	32	.	.	PUNCT
fsr-3420	256	1	finally	finally	ADV
fsr-3420	256	2	,	,	PUNCT
fsr-3420	256	3	we	we	PRON
fsr-3420	256	4	comment	comment	VERB
fsr-3420	256	5	on	on	ADP
fsr-3420	256	6	a	a	DET
fsr-3420	256	7	period	period	NOUN
fsr-3420	256	8	of	of	ADP
fsr-3420	256	9	nearly	nearly	ADV
fsr-3420	256	10	two	two	NUM
fsr-3420	256	11	years	year	NOUN
fsr-3420	256	12	—	—	PUNCT
fsr-3420	256	13	from	from	ADP
fsr-3420	256	14	january	january	PROPN
fsr-3420	256	15	1969	1969	NUM
fsr-3420	256	16	to	to	ADP
fsr-3420	256	17	november	november	PROPN
fsr-3420	256	18	1970	1970	NUM
fsr-3420	256	19	—	—	PUNCT
fsr-3420	256	20	when	when	SCONJ
fsr-3420	256	21	the	the	DET
fsr-3420	256	22	sequencing	sequence	VERB
fsr-3420	256	23	factor	factor	NOUN
fsr-3420	256	24	again	again	ADV
fsr-3420	256	25	dropped	drop	VERB
fsr-3420	256	26	below	below	ADP
fsr-3420	256	27	0.005	0.005	NUM
fsr-3420	256	28	.	.	PUNCT
fsr-3420	257	1	this	this	DET
fsr-3420	257	2	case	case	NOUN
fsr-3420	257	3	would	would	AUX
fsr-3420	257	4	seem	seem	VERB
fsr-3420	257	5	to	to	PART
fsr-3420	257	6	be	be	AUX
fsr-3420	257	7	different	different	ADJ
fsr-3420	257	8	from	from	ADP
fsr-3420	257	9	the	the	DET
fsr-3420	257	10	great	great	ADJ
fsr-3420	257	11	depression	depression	NOUN
fsr-3420	257	12	period	period	NOUN
fsr-3420	257	13	discussed	discuss	VERB
fsr-3420	257	14	above	above	ADV
fsr-3420	257	15	,	,	PUNCT
fsr-3420	257	16	because	because	SCONJ
fsr-3420	257	17	now	now	ADV
fsr-3420	257	18	the	the	DET
fsr-3420	257	19	low	low	ADJ
fsr-3420	257	20	values	value	NOUN
fsr-3420	257	21	of	of	ADP
fsr-3420	257	22	the	the	DET
fsr-3420	257	23	sequencing	sequence	VERB
fsr-3420	257	24	factor	factor	NOUN
fsr-3420	257	25	were	be	AUX
fsr-3420	257	26	not	not	PART
fsr-3420	257	27	caused	cause	VERB
fsr-3420	257	28	by	by	ADP
fsr-3420	257	29	“	"	PUNCT
fsr-3420	257	30	crashes	crash	NOUN
fsr-3420	257	31	”	"	PUNCT
fsr-3420	257	32	in	in	ADP
fsr-3420	257	33	the	the	DET
fsr-3420	257	34	early	early	ADJ
fsr-3420	257	35	stages	stage	NOUN
fsr-3420	257	36	of	of	ADP
fsr-3420	257	37	the	the	DET
fsr-3420	257	38	30	30	NUM
fsr-3420	257	39	-	-	PUNCT
fsr-3420	257	40	year	year	NOUN
fsr-3420	257	41	periods	period	NOUN
fsr-3420	257	42	.	.	PUNCT
fsr-3420	258	1	rather	rather	ADV
fsr-3420	258	2	,	,	PUNCT
fsr-3420	258	3	this	this	PRON
fsr-3420	258	4	was	be	AUX
fsr-3420	258	5	a	a	DET
fsr-3420	258	6	somewhat	somewhat	ADV
fsr-3420	258	7	peculiar	peculiar	ADJ
fsr-3420	258	8	time	time	NOUN
fsr-3420	258	9	that	that	PRON
fsr-3420	258	10	registered	register	VERB
fsr-3420	258	11	negative	negative	ADJ
fsr-3420	258	12	(	(	PUNCT
fsr-3420	258	13	and	and	CCONJ
fsr-3420	258	14	positive	positive	ADJ
fsr-3420	258	15	,	,	PUNCT
fsr-3420	258	16	but	but	CCONJ
fsr-3420	258	17	small	small	ADJ
fsr-3420	258	18	)	)	PUNCT
fsr-3420	258	19	returns	return	NOUN
fsr-3420	258	20	in	in	ADP
fsr-3420	258	21	the	the	DET
fsr-3420	258	22	first	first	ADJ
fsr-3420	258	23	months	month	NOUN
fsr-3420	258	24	,	,	PUNCT
fsr-3420	258	25	and	and	CCONJ
fsr-3420	258	26	then	then	ADV
fsr-3420	258	27	rose	rise	VERB
fsr-3420	258	28	to	to	ADP
fsr-3420	258	29	strong	strong	ADJ
fsr-3420	258	30	returns	return	NOUN
fsr-3420	258	31	in	in	ADP
fsr-3420	258	32	the	the	DET
fsr-3420	258	33	second	second	ADJ
fsr-3420	258	34	half	half	NOUN
fsr-3420	258	35	of	of	ADP
fsr-3420	258	36	1970	1970	NUM
fsr-3420	258	37	.	.	PUNCT
fsr-3420	259	1	this	this	DET
fsr-3420	259	2	unfavorable	unfavorable	ADJ
fsr-3420	259	3	ordering	ordering	NOUN
fsr-3420	259	4	caused	cause	VERB
fsr-3420	259	5	the	the	DET
fsr-3420	259	6	pwr	pwr	NOUN
fsr-3420	259	7	to	to	PART
fsr-3420	259	8	hover	hover	VERB
fsr-3420	259	9	in	in	ADP
fsr-3420	259	10	the	the	DET
fsr-3420	259	11	4%–6	4%–6	NUM
fsr-3420	259	12	%	%	NOUN
fsr-3420	259	13	range	range	NOUN
fsr-3420	259	14	,	,	PUNCT
fsr-3420	259	15	even	even	ADV
fsr-3420	259	16	though	though	SCONJ
fsr-3420	259	17	the	the	DET
fsr-3420	259	18	average	average	ADJ
fsr-3420	259	19	return	return	NOUN
fsr-3420	259	20	was	be	AUX
fsr-3420	259	21	between	between	ADP
fsr-3420	259	22	7	7	NUM
fsr-3420	259	23	%	%	NOUN
fsr-3420	259	24	and	and	CCONJ
fsr-3420	259	25	9	9	NUM
fsr-3420	259	26	%	%	NOUN
fsr-3420	259	27	for	for	ADP
fsr-3420	259	28	these	these	DET
fsr-3420	259	29	periods	period	NOUN
fsr-3420	259	30	.	.	PUNCT
fsr-3420	260	1	7	7	X
fsr-3420	260	2	.	.	X
fsr-3420	260	3	results	result	NOUN
fsr-3420	260	4	for	for	ADP
fsr-3420	260	5	other	other	ADJ
fsr-3420	260	6	portfolio	portfolio	NOUN
fsr-3420	260	7	asset	asset	NOUN
fsr-3420	260	8	mixes	mix	VERB
fsr-3420	260	9	we	we	PRON
fsr-3420	260	10	now	now	ADV
fsr-3420	260	11	examine	examine	VERB
fsr-3420	260	12	the	the	DET
fsr-3420	260	13	pwr	pwr	NOUN
fsr-3420	260	14	results	result	NOUN
fsr-3420	260	15	for	for	ADP
fsr-3420	260	16	portfolio	portfolio	NOUN
fsr-3420	260	17	mixes	mix	NOUN
fsr-3420	260	18	that	that	PRON
fsr-3420	260	19	include	include	VERB
fsr-3420	260	20	bonds	bond	NOUN
fsr-3420	260	21	as	as	ADV
fsr-3420	260	22	well	well	ADV
fsr-3420	260	23	as	as	ADP
fsr-3420	260	24	stocks	stock	NOUN
fsr-3420	260	25	.	.	PUNCT
fsr-3420	261	1	we	we	PRON
fsr-3420	261	2	retain	retain	VERB
fsr-3420	261	3	the	the	DET
fsr-3420	261	4	parameters	parameter	NOUN
fsr-3420	261	5	from	from	ADP
fsr-3420	261	6	the	the	DET
fsr-3420	261	7	standard	standard	ADJ
fsr-3420	261	8	scenario	scenario	NOUN
fsr-3420	261	9	regarding	regard	VERB
fsr-3420	261	10	horizon	horizon	NOUN
fsr-3420	261	11	length	length	NOUN
fsr-3420	261	12	(	(	PUNCT
fsr-3420	261	13	30	30	NUM
fsr-3420	261	14	years	year	NOUN
fsr-3420	261	15	)	)	PUNCT
fsr-3420	261	16	and	and	CCONJ
fsr-3420	261	17	bequest	bequ	ADJ
fsr-3420	261	18	goal	goal	NOUN
fsr-3420	261	19	(	(	PUNCT
fsr-3420	261	20	zero	zero	NUM
fsr-3420	261	21	)	)	PUNCT
fsr-3420	261	22	,	,	PUNCT
fsr-3420	261	23	but	but	CCONJ
fsr-3420	261	24	now	now	ADV
fsr-3420	261	25	allow	allow	VERB
fsr-3420	261	26	bonds	bond	NOUN
fsr-3420	261	27	to	to	PART
fsr-3420	261	28	take	take	VERB
fsr-3420	261	29	up	up	ADP
fsr-3420	261	30	a	a	DET
fsr-3420	261	31	constant	constant	ADJ
fsr-3420	261	32	,	,	PUNCT
fsr-3420	261	33	positive	positive	ADJ
fsr-3420	261	34	fraction	fraction	NOUN
fsr-3420	261	35	of	of	ADP
fsr-3420	261	36	the	the	DET
fsr-3420	261	37	asset	asset	NOUN
fsr-3420	261	38	mix	mix	NOUN
fsr-3420	261	39	.	.	PUNCT
fsr-3420	262	1	we	we	PRON
fsr-3420	262	2	identify	identify	VERB
fsr-3420	262	3	each	each	DET
fsr-3420	262	4	asset	asset	NOUN
fsr-3420	262	5	mix	mix	NOUN
fsr-3420	262	6	by	by	ADP
fsr-3420	262	7	its	its	PRON
fsr-3420	262	8	percentage	percentage	NOUN
fsr-3420	262	9	of	of	ADP
fsr-3420	262	10	stocks	stock	NOUN
fsr-3420	262	11	/	/	SYM
fsr-3420	262	12	bonds	bond	NOUN
fsr-3420	262	13	—	—	PUNCT
fsr-3420	262	14	as	as	ADP
fsr-3420	262	15	in	in	ADP
fsr-3420	262	16	90/10	90/10	NUM
fsr-3420	262	17	for	for	ADP
fsr-3420	262	18	90	90	NUM
fsr-3420	262	19	%	%	NOUN
fsr-3420	262	20	stocks	stock	NOUN
fsr-3420	262	21	and	and	CCONJ
fsr-3420	262	22	10	10	NUM
fsr-3420	262	23	%	%	NOUN
fsr-3420	262	24	bonds	bond	NOUN
fsr-3420	262	25	—	—	PUNCT
fsr-3420	262	26	and	and	CCONJ
fsr-3420	262	27	consider	consider	VERB
fsr-3420	262	28	different	different	ADJ
fsr-3420	262	29	mixes	mix	NOUN
fsr-3420	262	30	by	by	ADP
fsr-3420	262	31	varying	vary	VERB
fsr-3420	262	32	the	the	DET
fsr-3420	262	33	proportions	proportion	NOUN
fsr-3420	262	34	in	in	ADP
fsr-3420	262	35	10	10	NUM
fsr-3420	262	36	-	-	PUNCT
fsr-3420	262	37	point	point	NOUN
fsr-3420	262	38	steps	step	NOUN
fsr-3420	262	39	.	.	PUNCT
fsr-3420	263	1	thus	thus	ADV
fsr-3420	263	2	,	,	PUNCT
fsr-3420	263	3	we	we	PRON
fsr-3420	263	4	examine	examine	VERB
fsr-3420	263	5	the	the	DET
fsr-3420	263	6	90/10	90/10	NUM
fsr-3420	263	7	portfolio	portfolio	NOUN
fsr-3420	263	8	,	,	PUNCT
fsr-3420	263	9	the	the	DET
fsr-3420	263	10	80/20	80/20	NUM
fsr-3420	263	11	,	,	PUNCT
fsr-3420	263	12	the	the	DET
fsr-3420	263	13	70/30	70/30	NUM
fsr-3420	263	14	,	,	PUNCT
fsr-3420	263	15	and	and	CCONJ
fsr-3420	263	16	so	so	ADV
fsr-3420	263	17	on	on	ADV
fsr-3420	263	18	,	,	PUNCT
fsr-3420	263	19	all	all	DET
fsr-3420	263	20	the	the	DET
fsr-3420	263	21	way	way	NOUN
fsr-3420	263	22	to	to	ADP
fsr-3420	263	23	the	the	DET
fsr-3420	263	24	0/100	0/100	NUM
fsr-3420	263	25	(	(	PUNCT
fsr-3420	263	26	100	100	NUM
fsr-3420	263	27	%	%	NOUN
fsr-3420	263	28	bonds	bond	NOUN
fsr-3420	263	29	)	)	PUNCT
fsr-3420	263	30	portfolio	portfolio	NOUN
fsr-3420	263	31	.	.	PUNCT
fsr-3420	264	1	to	to	PART
fsr-3420	264	2	maintain	maintain	VERB
fsr-3420	264	3	the	the	DET
fsr-3420	264	4	same	same	ADJ
fsr-3420	264	5	asset	asset	NOUN
fsr-3420	264	6	mix	mix	NOUN
fsr-3420	264	7	in	in	ADP
fsr-3420	264	8	the	the	DET
fsr-3420	264	9	portfolio	portfolio	NOUN
fsr-3420	264	10	at	at	ADP
fsr-3420	264	11	all	all	DET
fsr-3420	264	12	times	time	NOUN
fsr-3420	264	13	,	,	PUNCT
fsr-3420	264	14	we	we	PRON
fsr-3420	264	15	assume	assume	VERB
fsr-3420	264	16	that	that	SCONJ
fsr-3420	264	17	a	a	DET
fsr-3420	264	18	rebalancing	rebalancing	NOUN
fsr-3420	264	19	of	of	ADP
fsr-3420	264	20	asset	asset	NOUN
fsr-3420	264	21	classes	class	NOUN
fsr-3420	264	22	takes	take	VERB
fsr-3420	264	23	place	place	NOUN
fsr-3420	264	24	every	every	DET
fsr-3420	264	25	month	month	NOUN
fsr-3420	264	26	.	.	PUNCT
fsr-3420	265	1	that	that	PRON
fsr-3420	265	2	is	be	AUX
fsr-3420	265	3	,	,	PUNCT
fsr-3420	265	4	after	after	SCONJ
fsr-3420	265	5	the	the	DET
fsr-3420	265	6	account	account	NOUN
fsr-3420	265	7	obtains	obtain	VERB
fsr-3420	265	8	the	the	DET
fsr-3420	265	9	return	return	NOUN
fsr-3420	265	10	for	for	ADP
fsr-3420	265	11	each	each	DET
fsr-3420	265	12	asset	asset	NOUN
fsr-3420	265	13	class	class	NOUN
fsr-3420	265	14	at	at	ADP
fsr-3420	265	15	the	the	DET
fsr-3420	265	16	end	end	NOUN
fsr-3420	265	17	of	of	ADP
fsr-3420	265	18	every	every	DET
fsr-3420	265	19	month	month	NOUN
fsr-3420	265	20	,	,	PUNCT
fsr-3420	265	21	the	the	DET
fsr-3420	265	22	investor	investor	NOUN
fsr-3420	265	23	buys	buy	VERB
fsr-3420	265	24	and	and	CCONJ
fsr-3420	265	25	sells	sell	VERB
fsr-3420	265	26	each	each	DET
fsr-3420	265	27	instrument	instrument	NOUN
fsr-3420	265	28	as	as	SCONJ
fsr-3420	265	29	needed	need	VERB
fsr-3420	265	30	to	to	PART
fsr-3420	265	31	restore	restore	VERB
fsr-3420	265	32	the	the	DET
fsr-3420	265	33	corresponding	correspond	VERB
fsr-3420	265	34	proportions	proportion	NOUN
fsr-3420	265	35	to	to	ADP
fsr-3420	265	36	the	the	DET
fsr-3420	265	37	asset	asset	NOUN
fsr-3420	265	38	mix	mix	NOUN
fsr-3420	265	39	.	.	PUNCT
fsr-3420	266	1	we	we	PRON
fsr-3420	266	2	clarify	clarify	VERB
fsr-3420	266	3	this	this	DET
fsr-3420	266	4	assumption	assumption	NOUN
fsr-3420	266	5	because	because	SCONJ
fsr-3420	266	6	our	our	PRON
fsr-3420	266	7	set	set	NOUN
fsr-3420	266	8	-	-	PUNCT
fsr-3420	266	9	up	up	NOUN
fsr-3420	266	10	would	would	AUX
fsr-3420	266	11	also	also	ADV
fsr-3420	266	12	be	be	AUX
fsr-3420	266	13	consistent	consistent	ADJ
fsr-3420	266	14	with	with	ADP
fsr-3420	266	15	an	an	DET
fsr-3420	266	16	annual	annual	ADJ
fsr-3420	266	17	rebalancing	rebalancing	NOUN
fsr-3420	266	18	scheme	scheme	NOUN
fsr-3420	266	19	(	(	PUNCT
fsr-3420	266	20	withdrawals	withdrawal	NOUN
fsr-3420	266	21	are	be	AUX
fsr-3420	266	22	made	make	VERB
fsr-3420	266	23	only	only	ADV
fsr-3420	266	24	once	once	ADV
fsr-3420	266	25	a	a	DET
fsr-3420	266	26	year	year	NOUN
fsr-3420	266	27	)	)	PUNCT
fsr-3420	266	28	,	,	PUNCT
fsr-3420	266	29	and	and	CCONJ
fsr-3420	266	30	the	the	DET
fsr-3420	266	31	two	two	NUM
fsr-3420	266	32	rebalancing	rebalancing	NOUN
fsr-3420	266	33	methods	method	NOUN
fsr-3420	266	34	are	be	AUX
fsr-3420	266	35	not	not	PART
fsr-3420	266	36	equivalent	equivalent	ADJ
fsr-3420	266	37	.	.	PUNCT
fsr-3420	267	1	we	we	PRON
fsr-3420	267	2	chose	choose	VERB
fsr-3420	267	3	monthly	monthly	ADJ
fsr-3420	267	4	rebalancing	rebalancing	NOUN
fsr-3420	267	5	because	because	SCONJ
fsr-3420	267	6	our	our	PRON
fsr-3420	267	7	retirement	retirement	NOUN
fsr-3420	267	8	horizons	horizon	NOUN
fsr-3420	267	9	are	be	AUX
fsr-3420	267	10	being	be	AUX
fsr-3420	267	11	rolled	roll	VERB
fsr-3420	267	12	over	over	ADP
fsr-3420	267	13	month	month	NOUN
fsr-3420	267	14	-	-	PUNCT
fsr-3420	267	15	by	by	ADP
fsr-3420	267	16	-	-	PUNCT
fsr-3420	267	17	month	month	NOUN
fsr-3420	267	18	,	,	PUNCT
fsr-3420	267	19	and	and	CCONJ
fsr-3420	267	20	this	this	DET
fsr-3420	267	21	procedure	procedure	NOUN
fsr-3420	267	22	facilitates	facilitate	VERB
fsr-3420	267	23	comparisons	comparison	NOUN
fsr-3420	267	24	across	across	ADP
fsr-3420	267	25	periods	period	NOUN
fsr-3420	267	26	that	that	DET
fsr-3420	267	27	overlap	overlap	NOUN
fsr-3420	267	28	.	.	PUNCT
fsr-3420	268	1	it	it	PRON
fsr-3420	268	2	seems	seem	VERB
fsr-3420	268	3	to	to	ADP
fsr-3420	268	4	us	we	PRON
fsr-3420	268	5	that	that	SCONJ
fsr-3420	268	6	both	both	DET
fsr-3420	268	7	methods	method	NOUN
fsr-3420	268	8	produce	produce	VERB
fsr-3420	268	9	very	very	ADV
fsr-3420	268	10	similar	similar	ADJ
fsr-3420	268	11	results	result	NOUN
fsr-3420	268	12	,	,	PUNCT
fsr-3420	268	13	but	but	CCONJ
fsr-3420	268	14	in	in	ADP
fsr-3420	268	15	any	any	DET
fsr-3420	268	16	case	case	NOUN
fsr-3420	268	17	,	,	PUNCT
fsr-3420	268	18	the	the	DET
fsr-3420	268	19	choice	choice	NOUN
fsr-3420	268	20	is	be	AUX
fsr-3420	268	21	arbitrary	arbitrary	ADJ
fsr-3420	268	22	.	.	PUNCT
fsr-3420	269	1	110	110	NUM
fsr-3420	269	2	e.d	e.d	PROPN
fsr-3420	269	3	.	.	PROPN
fsr-3420	269	4	suarez	suarez	PROPN
fsr-3420	269	5	/	/	SYM
fsr-3420	269	6	financial	financial	ADJ
fsr-3420	269	7	services	service	NOUN
fsr-3420	269	8	review	review	VERB
fsr-3420	269	9	28	28	NUM
fsr-3420	269	10	(	(	PUNCT
fsr-3420	269	11	2020	2020	NUM
fsr-3420	269	12	)	)	PUNCT
fsr-3420	270	1	96–132	96–132	NUM
fsr-3420	270	2	we	we	PRON
fsr-3420	270	3	begin	begin	VERB
fsr-3420	270	4	by	by	ADP
fsr-3420	270	5	adding	add	VERB
fsr-3420	270	6	the	the	DET
fsr-3420	270	7	minimal	minimal	ADJ
fsr-3420	270	8	amount	amount	NOUN
fsr-3420	270	9	of	of	ADP
fsr-3420	270	10	bonds	bond	NOUN
fsr-3420	270	11	to	to	ADP
fsr-3420	270	12	the	the	DET
fsr-3420	270	13	mix	mix	NOUN
fsr-3420	270	14	(	(	PUNCT
fsr-3420	270	15	10	10	NUM
fsr-3420	270	16	%	%	NOUN
fsr-3420	270	17	)	)	PUNCT
fsr-3420	270	18	,	,	PUNCT
fsr-3420	270	19	and	and	CCONJ
fsr-3420	270	20	present	present	VERB
fsr-3420	270	21	the	the	DET
fsr-3420	270	22	pwr	pwr	NOUN
fsr-3420	270	23	results	result	VERB
fsr-3420	270	24	for	for	ADP
fsr-3420	270	25	this	this	DET
fsr-3420	270	26	90/10	90/10	NUM
fsr-3420	270	27	portfolio	portfolio	NOUN
fsr-3420	270	28	in	in	ADP
fsr-3420	270	29	fig	fig	NOUN
fsr-3420	270	30	.	.	PUNCT
fsr-3420	271	1	9	9	NUM
fsr-3420	271	2	the	the	DET
fsr-3420	271	3	results	result	NOUN
fsr-3420	271	4	for	for	ADP
fsr-3420	271	5	the	the	DET
fsr-3420	271	6	all	all	DET
fsr-3420	271	7	-	-	PUNCT
fsr-3420	271	8	stocks	stock	NOUN
fsr-3420	271	9	portfolio	portfolio	NOUN
fsr-3420	271	10	are	be	AUX
fsr-3420	271	11	also	also	ADV
fsr-3420	271	12	shown	show	VERB
fsr-3420	271	13	for	for	ADP
fsr-3420	271	14	comparison	comparison	NOUN
fsr-3420	271	15	.	.	PUNCT
fsr-3420	272	1	fig	fig	NOUN
fsr-3420	272	2	.	.	PUNCT
fsr-3420	273	1	10	10	NUM
fsr-3420	273	2	presents	present	VERB
fsr-3420	273	3	the	the	DET
fsr-3420	273	4	differential	differential	NOUN
fsr-3420	273	5	between	between	ADP
fsr-3420	273	6	the	the	DET
fsr-3420	273	7	two	two	NUM
fsr-3420	273	8	series	series	NOUN
fsr-3420	273	9	,	,	PUNCT
fsr-3420	273	10	as	as	ADV
fsr-3420	273	11	well	well	ADV
fsr-3420	273	12	as	as	ADP
fsr-3420	273	13	the	the	DET
fsr-3420	273	14	variation	variation	NOUN
fsr-3420	273	15	in	in	ADP
fsr-3420	273	16	the	the	DET
fsr-3420	273	17	actual	actual	ADJ
fsr-3420	273	18	withdrawal	withdrawal	NOUN
fsr-3420	273	19	amount	amount	NOUN
fsr-3420	273	20	resulting	result	VERB
fsr-3420	273	21	from	from	ADP
fsr-3420	273	22	the	the	DET
fsr-3420	273	23	change	change	NOUN
fsr-3420	273	24	of	of	ADP
fsr-3420	273	25	mix	mix	NOUN
fsr-3420	273	26	.	.	PUNCT
fsr-3420	274	1	variation	variation	NOUN
fsr-3420	274	2	charts	chart	NOUN
fsr-3420	274	3	similar	similar	ADJ
fsr-3420	274	4	to	to	ADP
fsr-3420	274	5	fig	fig	NOUN
fsr-3420	274	6	.	.	PUNCT
fsr-3420	275	1	10	10	NUM
fsr-3420	275	2	could	could	AUX
fsr-3420	275	3	be	be	AUX
fsr-3420	275	4	produced	produce	VERB
fsr-3420	275	5	for	for	ADP
fsr-3420	275	6	all	all	DET
fsr-3420	275	7	the	the	DET
fsr-3420	275	8	alternate	alternate	ADJ
fsr-3420	275	9	model	model	NOUN
fsr-3420	275	10	specifications	specification	NOUN
fsr-3420	275	11	presented	present	VERB
fsr-3420	275	12	in	in	ADP
fsr-3420	275	13	this	this	DET
fsr-3420	275	14	paper	paper	NOUN
fsr-3420	275	15	;	;	PUNCT
fsr-3420	275	16	we	we	PRON
fsr-3420	275	17	present	present	VERB
fsr-3420	275	18	only	only	ADV
fsr-3420	275	19	this	this	DET
fsr-3420	275	20	one	one	NUM
fsr-3420	275	21	instance	instance	NOUN
fsr-3420	275	22	,	,	PUNCT
fsr-3420	275	23	to	to	PART
fsr-3420	275	24	convey	convey	VERB
fsr-3420	275	25	the	the	DET
fsr-3420	275	26	idea	idea	NOUN
fsr-3420	275	27	of	of	ADP
fsr-3420	275	28	the	the	DET
fsr-3420	275	29	type	type	NOUN
fsr-3420	275	30	of	of	ADP
fsr-3420	275	31	analysis	analysis	NOUN
fsr-3420	275	32	that	that	PRON
fsr-3420	275	33	can	can	AUX
fsr-3420	275	34	be	be	AUX
fsr-3420	275	35	conducted	conduct	VERB
fsr-3420	275	36	.	.	PUNCT
fsr-3420	276	1	these	these	DET
fsr-3420	276	2	charts	chart	NOUN
fsr-3420	276	3	showcase	showcase	VERB
fsr-3420	276	4	the	the	DET
fsr-3420	276	5	enhanced	enhance	VERB
fsr-3420	276	6	clarity	clarity	NOUN
fsr-3420	276	7	provided	provide	VERB
fsr-3420	276	8	by	by	ADP
fsr-3420	276	9	the	the	DET
fsr-3420	276	10	pwr	pwr	NOUN
fsr-3420	276	11	approach	approach	NOUN
fsr-3420	276	12	.	.	PUNCT
fsr-3420	277	1	an	an	DET
fsr-3420	277	2	examination	examination	NOUN
fsr-3420	277	3	of	of	ADP
fsr-3420	277	4	figs	fig	NOUN
fsr-3420	277	5	.	.	PUNCT
fsr-3420	278	1	9	9	NUM
fsr-3420	278	2	and	and	CCONJ
fsr-3420	278	3	10	10	NUM
fsr-3420	278	4	may	may	AUX
fsr-3420	278	5	lead	lead	VERB
fsr-3420	278	6	us	we	PRON
fsr-3420	278	7	to	to	PART
fsr-3420	278	8	conclude	conclude	VERB
fsr-3420	278	9	that	that	SCONJ
fsr-3420	278	10	the	the	DET
fsr-3420	278	11	all	all	DET
fsr-3420	278	12	-	-	PUNCT
fsr-3420	278	13	stocks	stock	NOUN
fsr-3420	278	14	portfolio	portfolio	NOUN
fsr-3420	278	15	is	be	AUX
fsr-3420	278	16	the	the	DET
fsr-3420	278	17	best	good	ADJ
fsr-3420	278	18	alternative	alternative	NOUN
fsr-3420	278	19	,	,	PUNCT
fsr-3420	278	20	as	as	SCONJ
fsr-3420	278	21	the	the	DET
fsr-3420	278	22	instances	instance	NOUN
fsr-3420	278	23	when	when	SCONJ
fsr-3420	278	24	the	the	DET
fsr-3420	278	25	90/10	90/10	NUM
fsr-3420	278	26	mix	mix	NOUN
fsr-3420	278	27	provides	provide	VERB
fsr-3420	278	28	better	well	ADJ
fsr-3420	278	29	results	result	NOUN
fsr-3420	278	30	are	be	AUX
fsr-3420	278	31	less	less	ADV
fsr-3420	278	32	frequent	frequent	ADJ
fsr-3420	278	33	and	and	CCONJ
fsr-3420	278	34	less	less	ADV
fsr-3420	278	35	significant	significant	ADJ
fsr-3420	278	36	.	.	PUNCT
fsr-3420	279	1	by	by	ADP
fsr-3420	279	2	changing	change	VERB
fsr-3420	279	3	the	the	DET
fsr-3420	279	4	all	all	DET
fsr-3420	279	5	-	-	PUNCT
fsr-3420	279	6	stocks	stock	NOUN
fsr-3420	279	7	mix	mix	NOUN
fsr-3420	279	8	to	to	ADP
fsr-3420	279	9	90/10	90/10	NUM
fsr-3420	279	10	,	,	PUNCT
fsr-3420	279	11	the	the	DET
fsr-3420	279	12	pwr	pwr	NOUN
fsr-3420	279	13	improves	improve	VERB
fsr-3420	279	14	in	in	ADP
fsr-3420	279	15	173	173	NUM
fsr-3420	279	16	of	of	ADP
fsr-3420	279	17	the	the	DET
fsr-3420	279	18	periods	period	NOUN
fsr-3420	279	19	considered	consider	VERB
fsr-3420	279	20	(	(	PUNCT
fsr-3420	279	21	24	24	NUM
fsr-3420	279	22	%	%	NOUN
fsr-3420	279	23	of	of	ADP
fsr-3420	279	24	the	the	DET
fsr-3420	279	25	708	708	NUM
fsr-3420	279	26	total	total	NOUN
fsr-3420	279	27	)	)	PUNCT
fsr-3420	279	28	,	,	PUNCT
fsr-3420	279	29	but	but	CCONJ
fsr-3420	279	30	in	in	ADP
fsr-3420	279	31	104	104	NUM
fsr-3420	279	32	of	of	ADP
fsr-3420	279	33	these	these	DET
fsr-3420	279	34	instances	instance	NOUN
fsr-3420	279	35	the	the	DET
fsr-3420	279	36	increase	increase	NOUN
fsr-3420	279	37	is	be	AUX
fsr-3420	279	38	less	less	ADJ
fsr-3420	279	39	than	than	ADP
fsr-3420	279	40	onetenth	onetenth	ADJ
fsr-3420	279	41	of	of	ADP
fsr-3420	279	42	a	a	DET
fsr-3420	279	43	point	point	NOUN
fsr-3420	279	44	—	—	PUNCT
fsr-3420	279	45	presumably	presumably	ADV
fsr-3420	279	46	negligible	negligible	ADJ
fsr-3420	279	47	.	.	PUNCT
fsr-3420	280	1	the	the	DET
fsr-3420	280	2	69	69	NUM
fsr-3420	280	3	periods	period	NOUN
fsr-3420	280	4	where	where	SCONJ
fsr-3420	280	5	the	the	DET
fsr-3420	280	6	pwr	pwr	NOUN
fsr-3420	280	7	increased	increase	VERB
fsr-3420	280	8	by	by	ADP
fsr-3420	280	9	more	more	ADJ
fsr-3420	280	10	than	than	ADP
fsr-3420	280	11	0.1	0.1	NUM
fsr-3420	280	12	points	point	NOUN
fsr-3420	280	13	represent	represent	VERB
fsr-3420	280	14	just	just	ADV
fsr-3420	280	15	10	10	NUM
fsr-3420	280	16	%	%	NOUN
fsr-3420	280	17	of	of	ADP
fsr-3420	280	18	the	the	DET
fsr-3420	280	19	total	total	NOUN
fsr-3420	280	20	,	,	PUNCT
fsr-3420	280	21	and	and	CCONJ
fsr-3420	280	22	are	be	AUX
fsr-3420	280	23	all	all	PRON
fsr-3420	280	24	in	in	ADP
fsr-3420	280	25	the	the	DET
fsr-3420	280	26	great	great	ADJ
fsr-3420	280	27	depression	depression	NOUN
fsr-3420	280	28	era	era	NOUN
fsr-3420	280	29	.	.	PUNCT
fsr-3420	281	1	also	also	ADV
fsr-3420	281	2	,	,	PUNCT
fsr-3420	281	3	these	these	DET
fsr-3420	281	4	increases	increase	NOUN
fsr-3420	281	5	never	never	ADV
fsr-3420	281	6	surpass	surpass	VERB
fsr-3420	281	7	0.42	0.42	NUM
fsr-3420	281	8	points	point	NOUN
fsr-3420	281	9	,	,	PUNCT
fsr-3420	281	10	whereas	whereas	SCONJ
fsr-3420	281	11	the	the	DET
fsr-3420	281	12	pwr	pwr	NOUN
fsr-3420	281	13	decreases	decrease	VERB
fsr-3420	281	14	resulting	result	VERB
fsr-3420	281	15	from	from	ADP
fsr-3420	281	16	the	the	DET
fsr-3420	281	17	change	change	NOUN
fsr-3420	281	18	reach	reach	VERB
fsr-3420	281	19	as	as	ADV
fsr-3420	281	20	high	high	ADJ
fsr-3420	281	21	as	as	ADP
fsr-3420	281	22	1.43	1.43	NUM
fsr-3420	281	23	points	point	NOUN
fsr-3420	281	24	.	.	PUNCT
fsr-3420	282	1	however	however	ADV
fsr-3420	282	2	,	,	PUNCT
fsr-3420	282	3	the	the	DET
fsr-3420	282	4	periods	period	NOUN
fsr-3420	282	5	that	that	PRON
fsr-3420	282	6	were	be	AUX
fsr-3420	282	7	benefited	benefit	VERB
fsr-3420	282	8	the	the	DET
fsr-3420	282	9	most	most	ADJ
fsr-3420	282	10	by	by	ADP
fsr-3420	282	11	the	the	DET
fsr-3420	282	12	change	change	NOUN
fsr-3420	282	13	in	in	ADP
fsr-3420	282	14	the	the	DET
fsr-3420	282	15	mix	mix	NOUN
fsr-3420	282	16	also	also	ADV
fsr-3420	282	17	had	have	VERB
fsr-3420	282	18	a	a	DET
fsr-3420	282	19	low	low	ADJ
fsr-3420	282	20	pwr	pwr	NOUN
fsr-3420	282	21	in	in	ADP
fsr-3420	282	22	the	the	DET
fsr-3420	282	23	standard	standard	ADJ
fsr-3420	282	24	scenario	scenario	NOUN
fsr-3420	282	25	,	,	PUNCT
fsr-3420	282	26	so	so	SCONJ
fsr-3420	282	27	the	the	DET
fsr-3420	282	28	impact	impact	NOUN
fsr-3420	282	29	on	on	ADP
fsr-3420	282	30	the	the	DET
fsr-3420	282	31	perfect	perfect	ADJ
fsr-3420	282	32	withdrawal	withdrawal	NOUN
fsr-3420	282	33	amount	amount	NOUN
fsr-3420	282	34	is	be	AUX
fsr-3420	282	35	much	much	ADV
fsr-3420	282	36	more	more	ADV
fsr-3420	282	37	significant	significant	ADJ
fsr-3420	282	38	.	.	PUNCT
fsr-3420	283	1	the	the	DET
fsr-3420	283	2	pwa	pwa	PROPN
fsr-3420	283	3	variation	variation	NOUN
fsr-3420	283	4	is	be	AUX
fsr-3420	283	5	a	a	DET
fsr-3420	283	6	more	more	ADV
fsr-3420	283	7	appropriate	appropriate	ADJ
fsr-3420	283	8	measure	measure	NOUN
fsr-3420	283	9	because	because	SCONJ
fsr-3420	283	10	it	it	PRON
fsr-3420	283	11	presents	present	VERB
fsr-3420	283	12	the	the	DET
fsr-3420	283	13	situation	situation	NOUN
fsr-3420	283	14	as	as	SCONJ
fsr-3420	283	15	the	the	DET
fsr-3420	283	16	retiree	retiree	NOUN
fsr-3420	283	17	perceives	perceive	VERB
fsr-3420	283	18	it	it	PRON
fsr-3420	283	19	:	:	PUNCT
fsr-3420	283	20	her	her	PRON
fsr-3420	283	21	retirement	retirement	NOUN
fsr-3420	283	22	income	income	NOUN
fsr-3420	283	23	becoming	become	VERB
fsr-3420	283	24	x%	x%	PUNCT
fsr-3420	283	25	higher	high	ADJ
fsr-3420	283	26	or	or	CCONJ
fsr-3420	283	27	lower	low	ADJ
fsr-3420	283	28	because	because	SCONJ
fsr-3420	283	29	of	of	ADP
fsr-3420	283	30	the	the	DET
fsr-3420	283	31	asset	asset	NOUN
fsr-3420	283	32	mix	mix	NOUN
fsr-3420	283	33	change	change	NOUN
fsr-3420	283	34	.	.	PUNCT
fsr-3420	284	1	this	this	PRON
fsr-3420	284	2	is	be	AUX
fsr-3420	284	3	the	the	DET
fsr-3420	284	4	dashed	dash	VERB
fsr-3420	284	5	line	line	NOUN
fsr-3420	284	6	in	in	ADP
fsr-3420	284	7	fig	fig	NOUN
fsr-3420	284	8	.	.	PUNCT
fsr-3420	285	1	10	10	NUM
fsr-3420	285	2	which	which	PRON
fsr-3420	285	3	,	,	PUNCT
fsr-3420	285	4	for	for	ADP
fsr-3420	285	5	example	example	NOUN
fsr-3420	285	6	,	,	PUNCT
fsr-3420	285	7	at	at	ADP
fsr-3420	285	8	its	its	PRON
fsr-3420	285	9	highest	high	ADJ
fsr-3420	285	10	point	point	NOUN
fsr-3420	285	11	informs	inform	VERB
fsr-3420	285	12	us	we	PRON
fsr-3420	285	13	that	that	SCONJ
fsr-3420	285	14	if	if	SCONJ
fsr-3420	285	15	a	a	DET
fsr-3420	285	16	person	person	NOUN
fsr-3420	285	17	entering	enter	VERB
fsr-3420	285	18	retirement	retirement	NOUN
fsr-3420	285	19	in	in	ADP
fsr-3420	285	20	september	september	PROPN
fsr-3420	285	21	1929	1929	NUM
fsr-3420	285	22	had	have	AUX
fsr-3420	285	23	switched	switch	VERB
fsr-3420	285	24	fig	fig	NOUN
fsr-3420	285	25	.	.	PUNCT
fsr-3420	286	1	9	9	X
fsr-3420	286	2	.	.	X
fsr-3420	286	3	pwr	pwr	NOUN
fsr-3420	286	4	for	for	ADP
fsr-3420	286	5	all	all	DET
fsr-3420	286	6	-	-	PUNCT
fsr-3420	286	7	stocks	stock	NOUN
fsr-3420	286	8	portfolio	portfolio	NOUN
fsr-3420	286	9	versus	versus	ADP
fsr-3420	286	10	90/10	90/10	NUM
fsr-3420	286	11	portfolio	portfolio	NOUN
fsr-3420	286	12	.	.	PUNCT
fsr-3420	287	1	when	when	SCONJ
fsr-3420	287	2	the	the	DET
fsr-3420	287	3	asset	asset	NOUN
fsr-3420	287	4	mix	mix	NOUN
fsr-3420	287	5	is	be	AUX
fsr-3420	287	6	changed	change	VERB
fsr-3420	287	7	from	from	ADP
fsr-3420	287	8	all	all	ADV
fsr-3420	287	9	-	-	PUNCT
fsr-3420	287	10	stocks	stock	NOUN
fsr-3420	287	11	to	to	ADP
fsr-3420	287	12	90	90	NUM
fsr-3420	287	13	%	%	NOUN
fsr-3420	287	14	stocks	stock	NOUN
fsr-3420	287	15	and	and	CCONJ
fsr-3420	287	16	10	10	NUM
fsr-3420	287	17	%	%	NOUN
fsr-3420	287	18	bonds	bond	NOUN
fsr-3420	287	19	,	,	PUNCT
fsr-3420	287	20	the	the	DET
fsr-3420	287	21	pwr	pwr	NOUN
fsr-3420	287	22	changes	change	VERB
fsr-3420	287	23	accordingly	accordingly	ADV
fsr-3420	287	24	.	.	PUNCT
fsr-3420	288	1	e.d	e.d	PROPN
fsr-3420	288	2	.	.	PROPN
fsr-3420	288	3	suarez	suarez	PROPN
fsr-3420	288	4	/	/	SYM
fsr-3420	288	5	financial	financial	ADJ
fsr-3420	288	6	services	service	NOUN
fsr-3420	288	7	review	review	VERB
fsr-3420	288	8	28	28	NUM
fsr-3420	288	9	(	(	PUNCT
fsr-3420	288	10	2020	2020	NUM
fsr-3420	288	11	)	)	PUNCT
fsr-3420	289	1	96–132	96–132	NUM
fsr-3420	289	2	111	111	NUM
fsr-3420	289	3	10	10	NUM
fsr-3420	289	4	%	%	NOUN
fsr-3420	289	5	of	of	ADP
fsr-3420	289	6	her	her	PRON
fsr-3420	289	7	retirement	retirement	NOUN
fsr-3420	289	8	funds	fund	NOUN
fsr-3420	289	9	to	to	ADP
fsr-3420	289	10	bonds	bond	NOUN
fsr-3420	289	11	instead	instead	ADV
fsr-3420	289	12	of	of	ADP
fsr-3420	289	13	stocks	stock	NOUN
fsr-3420	289	14	,	,	PUNCT
fsr-3420	289	15	her	her	PRON
fsr-3420	289	16	annual	annual	ADJ
fsr-3420	289	17	income	income	NOUN
fsr-3420	289	18	over	over	ADP
fsr-3420	289	19	the	the	DET
fsr-3420	289	20	next	next	ADJ
fsr-3420	289	21	30	30	NUM
fsr-3420	289	22	years	year	NOUN
fsr-3420	289	23	would	would	AUX
fsr-3420	289	24	have	have	AUX
fsr-3420	289	25	been	be	AUX
fsr-3420	289	26	12.5	12.5	NUM
fsr-3420	289	27	%	%	NOUN
fsr-3420	289	28	higher	high	ADJ
fsr-3420	289	29	.	.	PUNCT
fsr-3420	290	1	this	this	PRON
fsr-3420	290	2	is	be	AUX
fsr-3420	290	3	a	a	DET
fsr-3420	290	4	significant	significant	ADJ
fsr-3420	290	5	impact	impact	NOUN
fsr-3420	290	6	but	but	CCONJ
fsr-3420	290	7	,	,	PUNCT
fsr-3420	290	8	overall	overall	ADV
fsr-3420	290	9	,	,	PUNCT
fsr-3420	290	10	the	the	DET
fsr-3420	290	11	chart	chart	NOUN
fsr-3420	290	12	shows	show	VERB
fsr-3420	290	13	unfavorable	unfavorable	ADJ
fsr-3420	290	14	pwa	pwa	PROPN
fsr-3420	290	15	variations	variation	NOUN
fsr-3420	290	16	,	,	PUNCT
fsr-3420	290	17	so	so	SCONJ
fsr-3420	290	18	the	the	DET
fsr-3420	290	19	case	case	NOUN
fsr-3420	290	20	against	against	ADP
fsr-3420	290	21	including	include	VERB
fsr-3420	290	22	bonds	bond	NOUN
fsr-3420	290	23	seems	seem	VERB
fsr-3420	290	24	to	to	PART
fsr-3420	290	25	stand	stand	VERB
fsr-3420	290	26	—	—	PUNCT
fsr-3420	290	27	at	at	ADP
fsr-3420	290	28	least	least	ADJ
fsr-3420	290	29	in	in	ADP
fsr-3420	290	30	the	the	DET
fsr-3420	290	31	marginal	marginal	ADJ
fsr-3420	290	32	proportion	proportion	NOUN
fsr-3420	290	33	examined	examine	VERB
fsr-3420	290	34	so	so	ADV
fsr-3420	290	35	far	far	ADV
fsr-3420	290	36	.	.	PUNCT
fsr-3420	291	1	what	what	PRON
fsr-3420	291	2	happens	happen	VERB
fsr-3420	291	3	if	if	SCONJ
fsr-3420	291	4	we	we	PRON
fsr-3420	291	5	allot	allot	VERB
fsr-3420	291	6	a	a	DET
fsr-3420	291	7	larger	large	ADJ
fsr-3420	291	8	proportion	proportion	NOUN
fsr-3420	291	9	to	to	ADP
fsr-3420	291	10	bonds	bond	NOUN
fsr-3420	291	11	?	?	PUNCT
fsr-3420	292	1	for	for	ADP
fsr-3420	292	2	the	the	DET
fsr-3420	292	3	sake	sake	NOUN
fsr-3420	292	4	of	of	ADP
fsr-3420	292	5	clarity	clarity	NOUN
fsr-3420	292	6	in	in	ADP
fsr-3420	292	7	the	the	DET
fsr-3420	292	8	charts	chart	NOUN
fsr-3420	292	9	,	,	PUNCT
fsr-3420	292	10	the	the	DET
fsr-3420	292	11	next	next	ADJ
fsr-3420	292	12	results	result	NOUN
fsr-3420	292	13	are	be	AUX
fsr-3420	292	14	presented	present	VERB
fsr-3420	292	15	in	in	ADP
fsr-3420	292	16	sets	set	NOUN
fsr-3420	292	17	of	of	ADP
fsr-3420	292	18	three	three	NUM
fsr-3420	292	19	portfolio	portfolio	NOUN
fsr-3420	292	20	mixes	mix	VERB
fsr-3420	292	21	:	:	PUNCT
fsr-3420	292	22	100/0	100/0	NUM
fsr-3420	292	23	versus	versus	ADP
fsr-3420	292	24	70/30	70/30	NUM
fsr-3420	292	25	versus	versus	ADP
fsr-3420	292	26	50/50	50/50	NUM
fsr-3420	292	27	,	,	PUNCT
fsr-3420	292	28	and	and	CCONJ
fsr-3420	292	29	100/0	100/0	PROPN
fsr-3420	292	30	versus	versus	ADP
fsr-3420	292	31	30/70	30/70	NUM
fsr-3420	292	32	versus	versus	ADP
fsr-3420	292	33	0/100	0/100	NUM
fsr-3420	292	34	.	.	PUNCT
fsr-3420	293	1	the	the	DET
fsr-3420	293	2	summary	summary	NOUN
fsr-3420	293	3	results	result	VERB
fsr-3420	293	4	for	for	ADP
fsr-3420	293	5	the	the	DET
fsr-3420	293	6	entire	entire	ADJ
fsr-3420	293	7	set	set	NOUN
fsr-3420	293	8	of	of	ADP
fsr-3420	293	9	11	11	NUM
fsr-3420	293	10	mixes	mix	NOUN
fsr-3420	293	11	(	(	PUNCT
fsr-3420	293	12	from	from	ADP
fsr-3420	293	13	100/0	100/0	NUM
fsr-3420	293	14	to	to	ADP
fsr-3420	293	15	0/100	0/100	NUM
fsr-3420	293	16	,	,	PUNCT
fsr-3420	293	17	in	in	ADP
fsr-3420	293	18	10	10	NUM
fsr-3420	293	19	-	-	PUNCT
fsr-3420	293	20	point	point	NOUN
fsr-3420	293	21	increments	increment	NOUN
fsr-3420	293	22	)	)	PUNCT
fsr-3420	293	23	are	be	AUX
fsr-3420	293	24	given	give	VERB
fsr-3420	293	25	later	later	ADV
fsr-3420	293	26	in	in	ADP
fsr-3420	293	27	this	this	DET
fsr-3420	293	28	section	section	NOUN
fsr-3420	293	29	.	.	PUNCT
fsr-3420	294	1	now	now	ADV
fsr-3420	294	2	our	our	PRON
fsr-3420	294	3	previous	previous	ADJ
fsr-3420	294	4	conclusion	conclusion	NOUN
fsr-3420	294	5	that	that	SCONJ
fsr-3420	294	6	bonds	bond	NOUN
fsr-3420	294	7	should	should	AUX
fsr-3420	294	8	not	not	PART
fsr-3420	294	9	be	be	AUX
fsr-3420	294	10	included	include	VERB
fsr-3420	294	11	in	in	ADP
fsr-3420	294	12	the	the	DET
fsr-3420	294	13	portfolio	portfolio	NOUN
fsr-3420	294	14	becomes	become	VERB
fsr-3420	294	15	less	less	ADV
fsr-3420	294	16	clear	clear	ADV
fsr-3420	294	17	-	-	PUNCT
fsr-3420	294	18	cut	cut	NOUN
fsr-3420	294	19	,	,	PUNCT
fsr-3420	294	20	but	but	CCONJ
fsr-3420	294	21	the	the	DET
fsr-3420	294	22	arguments	argument	NOUN
fsr-3420	294	23	in	in	ADP
fsr-3420	294	24	favor	favor	NOUN
fsr-3420	294	25	and	and	CCONJ
fsr-3420	294	26	against	against	ADP
fsr-3420	294	27	are	be	AUX
fsr-3420	294	28	easily	easily	ADV
fsr-3420	294	29	grasped	grasp	VERB
fsr-3420	294	30	from	from	ADP
fsr-3420	294	31	our	our	PRON
fsr-3420	294	32	charts	chart	NOUN
fsr-3420	294	33	.	.	PUNCT
fsr-3420	295	1	if	if	SCONJ
fsr-3420	295	2	we	we	PRON
fsr-3420	295	3	want	want	VERB
fsr-3420	295	4	to	to	PART
fsr-3420	295	5	make	make	VERB
fsr-3420	295	6	the	the	DET
fsr-3420	295	7	withdrawal	withdrawal	NOUN
fsr-3420	295	8	profile	profile	ADV
fsr-3420	295	9	more	more	ADV
fsr-3420	295	10	stable	stable	ADJ
fsr-3420	295	11	,	,	PUNCT
fsr-3420	295	12	the	the	DET
fsr-3420	295	13	30/70	30/70	NUM
fsr-3420	295	14	mix	mix	NOUN
fsr-3420	295	15	seems	seem	VERB
fsr-3420	295	16	appealing	appeal	VERB
fsr-3420	295	17	(	(	PUNCT
fsr-3420	295	18	see	see	VERB
fsr-3420	295	19	fig	fig	NOUN
fsr-3420	295	20	.	.	PUNCT
fsr-3420	296	1	12	12	NUM
fsr-3420	296	2	)	)	PUNCT
fsr-3420	296	3	.	.	PUNCT
fsr-3420	297	1	if	if	SCONJ
fsr-3420	297	2	what	what	PRON
fsr-3420	297	3	the	the	DET
fsr-3420	297	4	investor	investor	NOUN
fsr-3420	297	5	wants	want	VERB
fsr-3420	297	6	is	be	AUX
fsr-3420	297	7	to	to	PART
fsr-3420	297	8	minimize	minimize	VERB
fsr-3420	297	9	the	the	DET
fsr-3420	297	10	probability	probability	NOUN
fsr-3420	297	11	of	of	ADP
fsr-3420	297	12	a	a	DET
fsr-3420	297	13	catastrophic	catastrophic	ADJ
fsr-3420	297	14	outcome	outcome	NOUN
fsr-3420	297	15	,	,	PUNCT
fsr-3420	297	16	50/50	50/50	NUM
fsr-3420	297	17	looks	look	VERB
fsr-3420	297	18	like	like	ADP
fsr-3420	297	19	the	the	DET
fsr-3420	297	20	way	way	NOUN
fsr-3420	297	21	to	to	PART
fsr-3420	297	22	go	go	VERB
fsr-3420	297	23	(	(	PUNCT
fsr-3420	297	24	fig	fig	NOUN
fsr-3420	297	25	.	.	PUNCT
fsr-3420	298	1	11	11	NUM
fsr-3420	298	2	)	)	PUNCT
fsr-3420	298	3	.	.	PUNCT
fsr-3420	299	1	the	the	DET
fsr-3420	299	2	grid	grid	NOUN
fsr-3420	299	3	shown	show	VERB
fsr-3420	299	4	in	in	ADP
fsr-3420	299	5	fig	fig	NOUN
fsr-3420	299	6	.	.	PUNCT
fsr-3420	300	1	13	13	NUM
fsr-3420	300	2	is	be	AUX
fsr-3420	300	3	particularly	particularly	ADV
fsr-3420	300	4	useful	useful	ADJ
fsr-3420	300	5	for	for	ADP
fsr-3420	300	6	this	this	DET
fsr-3420	300	7	kind	kind	NOUN
fsr-3420	300	8	of	of	ADP
fsr-3420	300	9	decisions	decision	NOUN
fsr-3420	300	10	.	.	PUNCT
fsr-3420	301	1	from	from	ADP
fsr-3420	301	2	the	the	DET
fsr-3420	301	3	fig	fig	NOUN
fsr-3420	301	4	.	.	PUNCT
fsr-3420	302	1	we	we	PRON
fsr-3420	302	2	see	see	VERB
fsr-3420	302	3	that	that	SCONJ
fsr-3420	302	4	the	the	DET
fsr-3420	302	5	50/50	50/50	NUM
fsr-3420	302	6	mix	mix	NOUN
fsr-3420	302	7	is	be	AUX
fsr-3420	302	8	the	the	DET
fsr-3420	302	9	one	one	NOUN
fsr-3420	302	10	that	that	PRON
fsr-3420	302	11	has	have	AUX
fsr-3420	302	12	breached	breach	VERB
fsr-3420	302	13	the	the	DET
fsr-3420	302	14	4	4	NUM
fsr-3420	302	15	%	%	NOUN
fsr-3420	302	16	pwr	pwr	NOUN
fsr-3420	302	17	level	level	NOUN
fsr-3420	302	18	the	the	DET
fsr-3420	302	19	least	least	ADJ
fsr-3420	302	20	number	number	NOUN
fsr-3420	302	21	of	of	ADP
fsr-3420	302	22	times	time	NOUN
fsr-3420	302	23	,	,	PUNCT
fsr-3420	302	24	so	so	SCONJ
fsr-3420	302	25	this	this	PRON
fsr-3420	302	26	could	could	AUX
fsr-3420	302	27	be	be	AUX
fsr-3420	302	28	considered	consider	VERB
fsr-3420	302	29	the	the	DET
fsr-3420	302	30	ideal	ideal	ADJ
fsr-3420	302	31	portfolio	portfolio	NOUN
fsr-3420	302	32	for	for	ADP
fsr-3420	302	33	a	a	DET
fsr-3420	302	34	safety	safety	NOUN
fsr-3420	302	35	-	-	PUNCT
fsr-3420	302	36	minded	minded	ADJ
fsr-3420	302	37	investor	investor	NOUN
fsr-3420	302	38	.	.	PUNCT
fsr-3420	303	1	indeed	indeed	ADV
fsr-3420	303	2	,	,	PUNCT
fsr-3420	303	3	regarding	regard	VERB
fsr-3420	303	4	the	the	DET
fsr-3420	303	5	4	4	NUM
fsr-3420	303	6	%	%	NOUN
fsr-3420	303	7	rule	rule	NOUN
fsr-3420	303	8	it	it	PRON
fsr-3420	303	9	is	be	AUX
fsr-3420	303	10	interesting	interesting	ADJ
fsr-3420	303	11	to	to	PART
fsr-3420	303	12	note	note	VERB
fsr-3420	303	13	that	that	SCONJ
fsr-3420	303	14	in	in	ADP
fsr-3420	303	15	none	none	NOUN
fsr-3420	303	16	of	of	ADP
fsr-3420	303	17	the	the	DET
fsr-3420	303	18	708	708	NUM
fsr-3420	303	19	historical	historical	ADJ
fsr-3420	303	20	periods	period	NOUN
fsr-3420	303	21	covered	cover	VERB
fsr-3420	303	22	here	here	ADV
fsr-3420	303	23	has	have	AUX
fsr-3420	303	24	it	it	PRON
fsr-3420	303	25	been	be	AUX
fsr-3420	303	26	the	the	DET
fsr-3420	303	27	case	case	NOUN
fsr-3420	303	28	that	that	SCONJ
fsr-3420	303	29	the	the	DET
fsr-3420	303	30	pwr	pwr	NOUN
fsr-3420	303	31	was	be	AUX
fsr-3420	303	32	over	over	ADP
fsr-3420	303	33	4	4	NUM
fsr-3420	303	34	%	%	NOUN
fsr-3420	303	35	for	for	ADP
fsr-3420	303	36	the	the	DET
fsr-3420	303	37	100/0	100/0	PROPN
fsr-3420	303	38	portfolio	portfolio	NOUN
fsr-3420	303	39	,	,	PUNCT
fsr-3420	303	40	but	but	CCONJ
fsr-3420	303	41	less	less	ADJ
fsr-3420	303	42	than	than	ADP
fsr-3420	303	43	this	this	DET
fsr-3420	303	44	benchmark	benchmark	NOUN
fsr-3420	303	45	for	for	ADP
fsr-3420	303	46	the	the	DET
fsr-3420	303	47	50/50	50/50	NUM
fsr-3420	303	48	portfolio	portfolio	NOUN
fsr-3420	303	49	.	.	PUNCT
fsr-3420	304	1	however	however	ADV
fsr-3420	304	2	,	,	PUNCT
fsr-3420	304	3	the	the	DET
fsr-3420	304	4	opposite	opposite	NOUN
fsr-3420	304	5	has	have	AUX
fsr-3420	304	6	indeed	indeed	ADV
fsr-3420	304	7	happened	happen	VERB
fsr-3420	304	8	,	,	PUNCT
fsr-3420	304	9	as	as	SCONJ
fsr-3420	304	10	in	in	ADP
fsr-3420	304	11	32	32	NUM
fsr-3420	304	12	historical	historical	ADJ
fsr-3420	304	13	periods	period	NOUN
fsr-3420	304	14	the	the	DET
fsr-3420	304	15	100/0	100/0	NUM
fsr-3420	304	16	pwr	pwr	NOUN
fsr-3420	304	17	was	be	AUX
fsr-3420	304	18	less	less	ADJ
fsr-3420	304	19	than	than	ADP
fsr-3420	304	20	4	4	NUM
fsr-3420	304	21	%	%	NOUN
fsr-3420	304	22	but	but	CCONJ
fsr-3420	304	23	the	the	DET
fsr-3420	304	24	50/50	50/50	NUM
fsr-3420	304	25	pwr	pwr	NOUN
fsr-3420	304	26	was	be	AUX
fsr-3420	304	27	more	more	ADJ
fsr-3420	304	28	than	than	ADP
fsr-3420	304	29	4	4	NUM
fsr-3420	304	30	%	%	NOUN
fsr-3420	304	31	.	.	PUNCT
fsr-3420	305	1	therefore	therefore	ADV
fsr-3420	305	2	,	,	PUNCT
fsr-3420	305	3	an	an	DET
fsr-3420	305	4	investor	investor	NOUN
fsr-3420	305	5	who	who	PRON
fsr-3420	305	6	is	be	AUX
fsr-3420	305	7	satisfied	satisfied	ADJ
fsr-3420	305	8	with	with	ADP
fsr-3420	305	9	a	a	DET
fsr-3420	305	10	4	4	NUM
fsr-3420	305	11	%	%	NOUN
fsr-3420	305	12	withdrawal	withdrawal	NOUN
fsr-3420	305	13	rate	rate	NOUN
fsr-3420	305	14	should	should	AUX
fsr-3420	305	15	fig	fig	VERB
fsr-3420	305	16	.	.	PUNCT
fsr-3420	306	1	10	10	NUM
fsr-3420	306	2	.	.	X
fsr-3420	307	1	change	change	NOUN
fsr-3420	307	2	in	in	ADP
fsr-3420	307	3	pwr	pwr	NOUN
fsr-3420	307	4	and	and	CCONJ
fsr-3420	307	5	variation	variation	NOUN
fsr-3420	307	6	in	in	ADP
fsr-3420	307	7	pwa	pwa	PROPN
fsr-3420	307	8	when	when	SCONJ
fsr-3420	307	9	switching	switch	VERB
fsr-3420	307	10	from	from	ADP
fsr-3420	307	11	all	all	PRON
fsr-3420	307	12	-	-	PUNCT
fsr-3420	307	13	stocks	stock	NOUN
fsr-3420	307	14	to	to	ADP
fsr-3420	307	15	90/10	90/10	NUM
fsr-3420	307	16	mix	mix	NOUN
fsr-3420	307	17	.	.	PUNCT
fsr-3420	308	1	pwr	pwr	NOUN
fsr-3420	308	2	differential	differential	NOUN
fsr-3420	308	3	(	(	PUNCT
fsr-3420	308	4	how	how	SCONJ
fsr-3420	308	5	many	many	ADJ
fsr-3420	308	6	points	point	NOUN
fsr-3420	308	7	is	be	AUX
fsr-3420	308	8	the	the	DET
fsr-3420	308	9	withdrawal	withdrawal	NOUN
fsr-3420	308	10	rate	rate	NOUN
fsr-3420	308	11	affected	affect	VERB
fsr-3420	308	12	)	)	PUNCT
fsr-3420	308	13	is	be	AUX
fsr-3420	308	14	in	in	ADP
fsr-3420	308	15	percentage	percentage	NOUN
fsr-3420	308	16	points	point	NOUN
fsr-3420	308	17	,	,	PUNCT
fsr-3420	308	18	solid	solid	ADJ
fsr-3420	308	19	line	line	NOUN
fsr-3420	308	20	,	,	PUNCT
fsr-3420	308	21	left	leave	VERB
fsr-3420	308	22	axis	axis	NOUN
fsr-3420	308	23	.	.	PUNCT
fsr-3420	309	1	pwa	pwa	PROPN
fsr-3420	309	2	variation	variation	NOUN
fsr-3420	309	3	(	(	PUNCT
fsr-3420	309	4	how	how	SCONJ
fsr-3420	309	5	large	large	ADJ
fsr-3420	309	6	is	be	AUX
fsr-3420	309	7	the	the	DET
fsr-3420	309	8	modification	modification	NOUN
fsr-3420	309	9	in	in	ADP
fsr-3420	309	10	the	the	DET
fsr-3420	309	11	withdrawal	withdrawal	NOUN
fsr-3420	309	12	amount	amount	NOUN
fsr-3420	309	13	)	)	PUNCT
fsr-3420	309	14	is	be	AUX
fsr-3420	309	15	in	in	ADP
fsr-3420	309	16	percentage	percentage	NOUN
fsr-3420	309	17	,	,	PUNCT
fsr-3420	309	18	dashed	dash	VERB
fsr-3420	309	19	line	line	NOUN
fsr-3420	309	20	,	,	PUNCT
fsr-3420	309	21	right	right	ADJ
fsr-3420	309	22	axis	axis	NOUN
fsr-3420	309	23	.	.	PUNCT
fsr-3420	310	1	112	112	NUM
fsr-3420	310	2	e.d	e.d	PROPN
fsr-3420	310	3	.	.	PROPN
fsr-3420	310	4	suarez	suarez	PROPN
fsr-3420	310	5	/	/	SYM
fsr-3420	310	6	financial	financial	ADJ
fsr-3420	310	7	services	service	NOUN
fsr-3420	310	8	review	review	VERB
fsr-3420	310	9	28	28	NUM
fsr-3420	310	10	(	(	PUNCT
fsr-3420	310	11	2020	2020	NUM
fsr-3420	310	12	)	)	PUNCT
fsr-3420	311	1	96–132	96–132	NUM
fsr-3420	311	2	never	never	ADV
fsr-3420	311	3	hold	hold	VERB
fsr-3420	311	4	the	the	DET
fsr-3420	311	5	all	all	DET
fsr-3420	311	6	-	-	PUNCT
fsr-3420	311	7	stocks	stock	NOUN
fsr-3420	311	8	portfolio	portfolio	NOUN
fsr-3420	311	9	:	:	PUNCT
fsr-3420	311	10	50/50	50/50	NUM
fsr-3420	311	11	is	be	AUX
fsr-3420	311	12	better	well	ADJ
fsr-3420	311	13	.	.	PUNCT
fsr-3420	312	1	by	by	ADP
fsr-3420	312	2	the	the	DET
fsr-3420	312	3	same	same	ADJ
fsr-3420	312	4	token	token	NOUN
fsr-3420	312	5	,	,	PUNCT
fsr-3420	312	6	the	the	DET
fsr-3420	312	7	idea	idea	NOUN
fsr-3420	312	8	that	that	SCONJ
fsr-3420	312	9	an	an	DET
fsr-3420	312	10	investor	investor	NOUN
fsr-3420	312	11	who	who	PRON
fsr-3420	312	12	cares	care	VERB
fsr-3420	312	13	a	a	DET
fsr-3420	312	14	lot	lot	NOUN
fsr-3420	312	15	about	about	ADP
fsr-3420	312	16	safety	safety	NOUN
fsr-3420	312	17	should	should	AUX
fsr-3420	312	18	hold	hold	VERB
fsr-3420	312	19	more	more	ADJ
fsr-3420	312	20	bonds	bond	NOUN
fsr-3420	312	21	,	,	PUNCT
fsr-3420	312	22	seems	seem	VERB
fsr-3420	312	23	unwise	unwise	ADJ
fsr-3420	312	24	.	.	PUNCT
fsr-3420	313	1	in	in	ADP
fsr-3420	313	2	particular	particular	ADJ
fsr-3420	313	3	,	,	PUNCT
fsr-3420	313	4	if	if	SCONJ
fsr-3420	313	5	the	the	DET
fsr-3420	313	6	funds	fund	NOUN
fsr-3420	313	7	’	'	PUNCT
fsr-3420	313	8	owner	owner	NOUN
fsr-3420	313	9	is	be	AUX
fsr-3420	313	10	overly	overly	ADV
fsr-3420	313	11	concerned	concerned	ADJ
fsr-3420	313	12	that	that	SCONJ
fsr-3420	313	13	her	her	PRON
fsr-3420	313	14	withdrawal	withdrawal	NOUN
fsr-3420	313	15	amount	amount	NOUN
fsr-3420	313	16	might	might	AUX
fsr-3420	313	17	crash	crash	VERB
fsr-3420	313	18	below	below	ADP
fsr-3420	313	19	some	some	DET
fsr-3420	313	20	subsistence	subsistence	NOUN
fsr-3420	313	21	level	level	NOUN
fsr-3420	313	22	,	,	PUNCT
fsr-3420	313	23	she	she	PRON
fsr-3420	313	24	should	should	AUX
fsr-3420	313	25	avoid	avoid	VERB
fsr-3420	313	26	asset	asset	NOUN
fsr-3420	313	27	mixes	mix	NOUN
fsr-3420	313	28	such	such	ADJ
fsr-3420	313	29	as	as	ADP
fsr-3420	313	30	20/80	20/80	NUM
fsr-3420	313	31	,	,	PUNCT
fsr-3420	313	32	10/90	10/90	NUM
fsr-3420	313	33	,	,	PUNCT
fsr-3420	313	34	or	or	CCONJ
fsr-3420	313	35	0/100.6	0/100.6	NOUN
fsr-3420	313	36	however	however	ADV
fsr-3420	313	37	,	,	PUNCT
fsr-3420	313	38	another	another	DET
fsr-3420	313	39	interpretation	interpretation	NOUN
fsr-3420	313	40	of	of	ADP
fsr-3420	313	41	“	"	PUNCT
fsr-3420	313	42	safe	safe	ADJ
fsr-3420	313	43	”	"	PUNCT
fsr-3420	313	44	is	be	AUX
fsr-3420	313	45	that	that	SCONJ
fsr-3420	313	46	the	the	DET
fsr-3420	313	47	retiree	retiree	NOUN
fsr-3420	313	48	should	should	AUX
fsr-3420	313	49	pick	pick	VERB
fsr-3420	313	50	a	a	DET
fsr-3420	313	51	withdrawal	withdrawal	NOUN
fsr-3420	313	52	amount	amount	NOUN
fsr-3420	313	53	that	that	PRON
fsr-3420	313	54	has	have	VERB
fsr-3420	313	55	a	a	DET
fsr-3420	313	56	high	high	ADJ
fsr-3420	313	57	probability	probability	NOUN
fsr-3420	313	58	of	of	ADP
fsr-3420	313	59	being	be	AUX
fsr-3420	313	60	sustainable	sustainable	ADJ
fsr-3420	313	61	.	.	PUNCT
fsr-3420	314	1	under	under	ADP
fsr-3420	314	2	this	this	DET
fsr-3420	314	3	version	version	NOUN
fsr-3420	314	4	of	of	ADP
fsr-3420	314	5	safety	safety	NOUN
fsr-3420	314	6	,	,	PUNCT
fsr-3420	314	7	the	the	DET
fsr-3420	314	8	task	task	NOUN
fsr-3420	314	9	of	of	ADP
fsr-3420	314	10	selecting	select	VERB
fsr-3420	314	11	a	a	DET
fsr-3420	314	12	portfolio	portfolio	NOUN
fsr-3420	314	13	mix	mix	NOUN
fsr-3420	314	14	then	then	ADV
fsr-3420	314	15	consists	consist	VERB
fsr-3420	314	16	of	of	ADP
fsr-3420	314	17	finding	find	VERB
fsr-3420	314	18	the	the	DET
fsr-3420	314	19	proportions	proportion	NOUN
fsr-3420	314	20	that	that	PRON
fsr-3420	314	21	maximize	maximize	VERB
fsr-3420	314	22	,	,	PUNCT
fsr-3420	314	23	say	say	VERB
fsr-3420	314	24	,	,	PUNCT
fsr-3420	314	25	the	the	DET
fsr-3420	314	26	90%–safe	90%–safe	PROPN
fsr-3420	314	27	rate	rate	NOUN
fsr-3420	314	28	.	.	PUNCT
fsr-3420	315	1	we	we	PRON
fsr-3420	315	2	have	have	AUX
fsr-3420	315	3	included	include	VERB
fsr-3420	315	4	these	these	DET
fsr-3420	315	5	values	value	NOUN
fsr-3420	315	6	at	at	ADP
fsr-3420	315	7	the	the	DET
fsr-3420	315	8	end	end	NOUN
fsr-3420	315	9	of	of	ADP
fsr-3420	315	10	fig	fig	NOUN
fsr-3420	315	11	.	.	PUNCT
fsr-3420	316	1	13	13	NUM
fsr-3420	316	2	,	,	PUNCT
fsr-3420	316	3	where	where	SCONJ
fsr-3420	316	4	we	we	PRON
fsr-3420	316	5	find	find	VERB
fsr-3420	316	6	that	that	SCONJ
fsr-3420	316	7	the	the	DET
fsr-3420	316	8	70/30	70/30	NUM
fsr-3420	316	9	mix	mix	NOUN
fsr-3420	316	10	is	be	AUX
fsr-3420	316	11	now	now	ADV
fsr-3420	316	12	ideal	ideal	ADJ
fsr-3420	316	13	because	because	SCONJ
fsr-3420	316	14	the	the	DET
fsr-3420	316	15	upper	upper	ADJ
fsr-3420	316	16	bound	bound	NOUN
fsr-3420	316	17	of	of	ADP
fsr-3420	316	18	the	the	DET
fsr-3420	316	19	first	first	ADJ
fsr-3420	316	20	decile	decile	NOUN
fsr-3420	316	21	in	in	ADP
fsr-3420	316	22	this	this	DET
fsr-3420	316	23	pwr	pwr	NOUN
fsr-3420	316	24	distribution	distribution	NOUN
fsr-3420	316	25	is	be	AUX
fsr-3420	316	26	almost	almost	ADV
fsr-3420	316	27	4.5	4.5	NUM
fsr-3420	316	28	%	%	NOUN
fsr-3420	316	29	.	.	PUNCT
fsr-3420	317	1	indeed	indeed	ADV
fsr-3420	317	2	,	,	PUNCT
fsr-3420	317	3	we	we	PRON
fsr-3420	317	4	can	can	AUX
fsr-3420	317	5	say	say	VERB
fsr-3420	317	6	that	that	SCONJ
fsr-3420	317	7	by	by	ADP
fsr-3420	317	8	selecting	select	VERB
fsr-3420	317	9	an	an	DET
fsr-3420	317	10	appropriate	appropriate	ADJ
fsr-3420	317	11	asset	asset	NOUN
fsr-3420	317	12	mix	mix	NOUN
fsr-3420	317	13	,	,	PUNCT
fsr-3420	317	14	the	the	DET
fsr-3420	317	15	4	4	NUM
fsr-3420	317	16	%	%	NOUN
fsr-3420	317	17	rule	rule	NOUN
fsr-3420	317	18	’s	’s	PART
fsr-3420	317	19	withdrawal	withdrawal	NOUN
fsr-3420	317	20	levels	level	NOUN
fsr-3420	317	21	can	can	AUX
fsr-3420	317	22	be	be	AUX
fsr-3420	317	23	improved	improve	VERB
fsr-3420	317	24	by	by	ADP
fsr-3420	317	25	over	over	ADP
fsr-3420	317	26	10	10	NUM
fsr-3420	317	27	%	%	NOUN
fsr-3420	317	28	without	without	ADP
fsr-3420	317	29	incurring	incur	VERB
fsr-3420	317	30	additional	additional	ADJ
fsr-3420	317	31	risk	risk	NOUN
fsr-3420	317	32	.	.	PUNCT
fsr-3420	318	1	using	use	VERB
fsr-3420	318	2	the	the	DET
fsr-3420	318	3	upper	upper	ADJ
fsr-3420	318	4	bound	bound	NOUN
fsr-3420	318	5	of	of	ADP
fsr-3420	318	6	the	the	DET
fsr-3420	318	7	first	first	ADJ
fsr-3420	318	8	decile	decile	NOUN
fsr-3420	318	9	as	as	SCONJ
fsr-3420	318	10	the	the	DET
fsr-3420	318	11	watermark	watermark	NOUN
fsr-3420	318	12	for	for	ADP
fsr-3420	318	13	separating	separate	VERB
fsr-3420	318	14	safe	safe	ADJ
fsr-3420	318	15	from	from	ADP
fsr-3420	318	16	risky	risky	ADJ
fsr-3420	318	17	is	be	AUX
fsr-3420	318	18	,	,	PUNCT
fsr-3420	318	19	of	of	ADP
fsr-3420	318	20	course	course	NOUN
fsr-3420	318	21	,	,	PUNCT
fsr-3420	318	22	an	an	DET
fsr-3420	318	23	arbitrary	arbitrary	ADJ
fsr-3420	318	24	criterion	criterion	NOUN
fsr-3420	318	25	.	.	PUNCT
fsr-3420	319	1	especially	especially	ADV
fsr-3420	319	2	if	if	SCONJ
fsr-3420	319	3	,	,	PUNCT
fsr-3420	319	4	as	as	SCONJ
fsr-3420	319	5	discussed	discuss	VERB
fsr-3420	319	6	in	in	ADP
fsr-3420	319	7	ssw	ssw	PROPN
fsr-3420	319	8	,	,	PUNCT
fsr-3420	319	9	the	the	DET
fsr-3420	319	10	procedure	procedure	NOUN
fsr-3420	319	11	for	for	ADP
fsr-3420	319	12	selecting	select	VERB
fsr-3420	319	13	the	the	DET
fsr-3420	319	14	withdrawal	withdrawal	NOUN
fsr-3420	319	15	amount	amount	NOUN
fsr-3420	319	16	calls	call	VERB
fsr-3420	319	17	for	for	ADP
fsr-3420	319	18	periodic	periodic	ADJ
fsr-3420	319	19	reassessments	reassessment	NOUN
fsr-3420	319	20	—	—	PUNCT
fsr-3420	319	21	or	or	CCONJ
fsr-3420	319	22	if	if	SCONJ
fsr-3420	319	23	,	,	PUNCT
fsr-3420	319	24	as	as	SCONJ
fsr-3420	319	25	argued	argue	VERB
fsr-3420	319	26	above	above	ADV
fsr-3420	319	27	,	,	PUNCT
fsr-3420	319	28	the	the	DET
fsr-3420	319	29	retiree	retiree	NOUN
fsr-3420	319	30	has	have	VERB
fsr-3420	319	31	other	other	ADJ
fsr-3420	319	32	,	,	PUNCT
fsr-3420	319	33	reliable	reliable	ADJ
fsr-3420	319	34	sources	source	NOUN
fsr-3420	319	35	of	of	ADP
fsr-3420	319	36	income	income	NOUN
fsr-3420	319	37	—	—	PUNCT
fsr-3420	319	38	the	the	DET
fsr-3420	319	39	retiree	retiree	NOUN
fsr-3420	319	40	may	may	AUX
fsr-3420	319	41	be	be	AUX
fsr-3420	319	42	willing	willing	ADJ
fsr-3420	319	43	to	to	PART
fsr-3420	319	44	take	take	VERB
fsr-3420	319	45	a	a	DET
fsr-3420	319	46	less	less	ADV
fsr-3420	319	47	conservative	conservative	ADJ
fsr-3420	319	48	approach	approach	NOUN
fsr-3420	319	49	.	.	PUNCT
fsr-3420	320	1	after	after	ADV
fsr-3420	320	2	all	all	ADV
fsr-3420	320	3	,	,	PUNCT
fsr-3420	320	4	under	under	ADP
fsr-3420	320	5	a	a	DET
fsr-3420	320	6	periodic	periodic	ADJ
fsr-3420	320	7	revision	revision	NOUN
fsr-3420	320	8	scheme	scheme	NOUN
fsr-3420	320	9	the	the	DET
fsr-3420	320	10	retiree	retiree	NOUN
fsr-3420	320	11	’s	’s	PART
fsr-3420	320	12	main	main	ADJ
fsr-3420	320	13	concern	concern	NOUN
fsr-3420	320	14	is	be	AUX
fsr-3420	320	15	not	not	PART
fsr-3420	320	16	so	so	ADV
fsr-3420	320	17	much	much	ADJ
fsr-3420	320	18	running	run	VERB
fsr-3420	320	19	out	out	ADP
fsr-3420	320	20	of	of	ADP
fsr-3420	320	21	funds	fund	NOUN
fsr-3420	320	22	,	,	PUNCT
fsr-3420	320	23	but	but	CCONJ
fsr-3420	320	24	having	have	VERB
fsr-3420	320	25	to	to	PART
fsr-3420	320	26	decrease	decrease	VERB
fsr-3420	320	27	the	the	DET
fsr-3420	320	28	withdrawal	withdrawal	NOUN
fsr-3420	320	29	amount	amount	NOUN
fsr-3420	320	30	significantly	significantly	ADV
fsr-3420	320	31	in	in	ADP
fsr-3420	320	32	the	the	DET
fsr-3420	320	33	future	future	NOUN
fsr-3420	320	34	.	.	PUNCT
fsr-3420	321	1	be	be	AUX
fsr-3420	321	2	it	it	PRON
fsr-3420	321	3	for	for	ADP
fsr-3420	321	4	those	those	DET
fsr-3420	321	5	reasons	reason	NOUN
fsr-3420	321	6	,	,	PUNCT
fsr-3420	321	7	or	or	CCONJ
fsr-3420	321	8	simply	simply	ADV
fsr-3420	321	9	because	because	SCONJ
fsr-3420	321	10	the	the	DET
fsr-3420	321	11	retiree	retiree	NOUN
fsr-3420	321	12	has	have	VERB
fsr-3420	321	13	a	a	DET
fsr-3420	321	14	higher	high	ADJ
fsr-3420	321	15	tolerance	tolerance	NOUN
fsr-3420	321	16	for	for	ADP
fsr-3420	321	17	risk	risk	NOUN
fsr-3420	321	18	,	,	PUNCT
fsr-3420	321	19	it	it	PRON
fsr-3420	321	20	is	be	AUX
fsr-3420	321	21	useful	useful	ADJ
fsr-3420	321	22	to	to	PART
fsr-3420	321	23	review	review	VERB
fsr-3420	321	24	the	the	DET
fsr-3420	321	25	figures	figure	NOUN
fsr-3420	321	26	corresponding	correspond	VERB
fsr-3420	321	27	to	to	ADP
fsr-3420	321	28	other	other	ADJ
fsr-3420	321	29	“	"	PUNCT
fsr-3420	321	30	safety	safety	NOUN
fsr-3420	321	31	levels	level	NOUN
fsr-3420	321	32	”	"	PUNCT
fsr-3420	321	33	in	in	ADP
fsr-3420	321	34	the	the	DET
fsr-3420	321	35	historical	historical	ADJ
fsr-3420	321	36	record	record	NOUN
fsr-3420	321	37	.	.	PUNCT
fsr-3420	322	1	fig	fig	NOUN
fsr-3420	322	2	.	.	PUNCT
fsr-3420	323	1	14	14	NUM
fsr-3420	323	2	presents	present	VERB
fsr-3420	323	3	these	these	DET
fsr-3420	323	4	milestone	milestone	NOUN
fsr-3420	323	5	values	value	NOUN
fsr-3420	323	6	by	by	ADP
fsr-3420	323	7	asset	asset	NOUN
fsr-3420	323	8	mix	mix	NOUN
fsr-3420	323	9	.	.	PUNCT
fsr-3420	324	1	fig	fig	NOUN
fsr-3420	324	2	.	.	PUNCT
fsr-3420	325	1	11	11	NUM
fsr-3420	325	2	.	.	X
fsr-3420	325	3	pwr	pwr	NOUN
fsr-3420	325	4	for	for	ADP
fsr-3420	325	5	100/0	100/0	PROPN
fsr-3420	325	6	(	(	PUNCT
fsr-3420	325	7	all	all	ADV
fsr-3420	325	8	-	-	PUNCT
fsr-3420	325	9	stocks	stock	NOUN
fsr-3420	325	10	)	)	PUNCT
fsr-3420	325	11	portfolio	portfolio	NOUN
fsr-3420	325	12	versus	versus	ADP
fsr-3420	325	13	70/30	70/30	NUM
fsr-3420	325	14	and	and	CCONJ
fsr-3420	325	15	50/50	50/50	NUM
fsr-3420	325	16	portfolios	portfolio	NOUN
fsr-3420	325	17	.	.	PUNCT
fsr-3420	326	1	e.d	e.d	PROPN
fsr-3420	326	2	.	.	PROPN
fsr-3420	326	3	suarez	suarez	PROPN
fsr-3420	326	4	/	/	SYM
fsr-3420	326	5	financial	financial	ADJ
fsr-3420	326	6	services	service	NOUN
fsr-3420	326	7	review	review	VERB
fsr-3420	326	8	28	28	NUM
fsr-3420	326	9	(	(	PUNCT
fsr-3420	326	10	2020	2020	NUM
fsr-3420	326	11	)	)	PUNCT
fsr-3420	327	1	96–132	96–132	NUM
fsr-3420	327	2	113	113	NUM
fsr-3420	327	3	8	8	NUM
fsr-3420	327	4	.	.	PUNCT
fsr-3420	328	1	results	result	NOUN
fsr-3420	328	2	for	for	ADP
fsr-3420	328	3	bequest	bequest	NOUN
fsr-3420	328	4	goals	goal	NOUN
fsr-3420	328	5	other	other	ADJ
fsr-3420	328	6	than	than	ADP
fsr-3420	328	7	zero	zero	NUM
fsr-3420	328	8	in	in	ADP
fsr-3420	328	9	this	this	DET
fsr-3420	328	10	section	section	NOUN
fsr-3420	328	11	we	we	PRON
fsr-3420	328	12	restore	restore	VERB
fsr-3420	328	13	the	the	DET
fsr-3420	328	14	asset	asset	NOUN
fsr-3420	328	15	mix	mix	NOUN
fsr-3420	328	16	from	from	ADP
fsr-3420	328	17	the	the	DET
fsr-3420	328	18	standard	standard	ADJ
fsr-3420	328	19	scenario	scenario	NOUN
fsr-3420	328	20	(	(	PUNCT
fsr-3420	328	21	100	100	NUM
fsr-3420	328	22	%	%	NOUN
fsr-3420	328	23	stocks	stock	NOUN
fsr-3420	328	24	)	)	PUNCT
fsr-3420	328	25	to	to	PART
fsr-3420	328	26	look	look	VERB
fsr-3420	328	27	at	at	ADP
fsr-3420	328	28	the	the	DET
fsr-3420	328	29	behavior	behavior	NOUN
fsr-3420	328	30	of	of	ADP
fsr-3420	328	31	the	the	DET
fsr-3420	328	32	pwa	pwa	PROPN
fsr-3420	328	33	when	when	SCONJ
fsr-3420	328	34	the	the	DET
fsr-3420	328	35	“	"	PUNCT
fsr-3420	328	36	perfection	perfection	NOUN
fsr-3420	328	37	”	"	PUNCT
fsr-3420	328	38	of	of	ADP
fsr-3420	328	39	the	the	DET
fsr-3420	328	40	measure	measure	NOUN
fsr-3420	328	41	does	do	AUX
fsr-3420	328	42	not	not	PART
fsr-3420	328	43	mean	mean	VERB
fsr-3420	328	44	that	that	SCONJ
fsr-3420	328	45	it	it	PRON
fsr-3420	328	46	will	will	AUX
fsr-3420	328	47	fig	fig	VERB
fsr-3420	328	48	.	.	PUNCT
fsr-3420	329	1	12	12	NUM
fsr-3420	329	2	.	.	X
fsr-3420	329	3	pwr	pwr	NOUN
fsr-3420	329	4	for	for	ADP
fsr-3420	329	5	100/0	100/0	PROPN
fsr-3420	329	6	(	(	PUNCT
fsr-3420	329	7	all	all	ADV
fsr-3420	329	8	-	-	PUNCT
fsr-3420	329	9	stocks	stock	NOUN
fsr-3420	329	10	)	)	PUNCT
fsr-3420	329	11	portfolio	portfolio	NOUN
fsr-3420	329	12	versus	versus	ADP
fsr-3420	329	13	30/70	30/70	NUM
fsr-3420	329	14	and	and	CCONJ
fsr-3420	329	15	0/100	0/100	NUM
fsr-3420	329	16	(	(	PUNCT
fsr-3420	329	17	all	all	DET
fsr-3420	329	18	-	-	PUNCT
fsr-3420	329	19	bonds	bond	NOUN
fsr-3420	329	20	)	)	PUNCT
fsr-3420	329	21	portfolios	portfolio	NOUN
fsr-3420	329	22	.	.	PUNCT
fsr-3420	330	1	fig	fig	NOUN
fsr-3420	330	2	.	.	PUNCT
fsr-3420	331	1	13	13	NUM
fsr-3420	331	2	.	.	PUNCT
fsr-3420	332	1	frequency	frequency	NOUN
fsr-3420	332	2	distribution	distribution	NOUN
fsr-3420	332	3	for	for	ADP
fsr-3420	332	4	historical	historical	ADJ
fsr-3420	332	5	pwr	pwr	NOUN
fsr-3420	332	6	,	,	PUNCT
fsr-3420	332	7	by	by	ADP
fsr-3420	332	8	portfolio	portfolio	NOUN
fsr-3420	332	9	mix	mix	NOUN
fsr-3420	332	10	,	,	PUNCT
fsr-3420	332	11	for	for	ADP
fsr-3420	332	12	30	30	NUM
fsr-3420	332	13	-	-	PUNCT
fsr-3420	332	14	year	year	NOUN
fsr-3420	332	15	periods	period	NOUN
fsr-3420	332	16	and	and	CCONJ
fsr-3420	332	17	zero	zero	NUM
fsr-3420	332	18	bequest	bequest	NOUN
fsr-3420	332	19	goal	goal	NOUN
fsr-3420	332	20	.	.	PUNCT
fsr-3420	333	1	over	over	ADP
fsr-3420	333	2	the	the	DET
fsr-3420	333	3	historical	historical	ADJ
fsr-3420	333	4	record	record	NOUN
fsr-3420	333	5	,	,	PUNCT
fsr-3420	333	6	the	the	DET
fsr-3420	333	7	pwr	pwr	NOUN
fsr-3420	333	8	was	be	AUX
fsr-3420	333	9	lower	low	ADJ
fsr-3420	333	10	than	than	ADP
fsr-3420	333	11	4	4	NUM
fsr-3420	333	12	%	%	NOUN
fsr-3420	333	13	in	in	ADP
fsr-3420	333	14	the	the	DET
fsr-3420	333	15	least	least	ADJ
fsr-3420	333	16	number	number	NOUN
fsr-3420	333	17	of	of	ADP
fsr-3420	333	18	periods	period	NOUN
fsr-3420	333	19	using	use	VERB
fsr-3420	333	20	the	the	DET
fsr-3420	333	21	50/50	50/50	NUM
fsr-3420	333	22	mix	mix	NOUN
fsr-3420	333	23	.	.	PUNCT
fsr-3420	334	1	but	but	CCONJ
fsr-3420	334	2	the	the	DET
fsr-3420	334	3	90%-safe	90%-safe	PROPN
fsr-3420	334	4	rate	rate	NOUN
fsr-3420	334	5	was	be	AUX
fsr-3420	334	6	highest	high	ADJ
fsr-3420	334	7	when	when	SCONJ
fsr-3420	334	8	the	the	DET
fsr-3420	334	9	70/30	70/30	NUM
fsr-3420	334	10	mix	mix	NOUN
fsr-3420	334	11	was	be	AUX
fsr-3420	334	12	used	use	VERB
fsr-3420	334	13	.	.	PUNCT
fsr-3420	335	1	114	114	NUM
fsr-3420	335	2	e.d	e.d	PROPN
fsr-3420	335	3	.	.	PROPN
fsr-3420	335	4	suarez	suarez	PROPN
fsr-3420	335	5	/	/	SYM
fsr-3420	335	6	financial	financial	ADJ
fsr-3420	335	7	services	service	NOUN
fsr-3420	335	8	review	review	VERB
fsr-3420	335	9	28	28	NUM
fsr-3420	335	10	(	(	PUNCT
fsr-3420	335	11	2020	2020	NUM
fsr-3420	335	12	)	)	PUNCT
fsr-3420	336	1	96–132	96–132	PROPN
fsr-3420	336	2	exhaust	exhaust	VERB
fsr-3420	336	3	the	the	DET
fsr-3420	336	4	account	account	NOUN
fsr-3420	336	5	balance	balance	NOUN
fsr-3420	336	6	in	in	ADP
fsr-3420	336	7	a	a	DET
fsr-3420	336	8	given	give	VERB
fsr-3420	336	9	number	number	NOUN
fsr-3420	336	10	of	of	ADP
fsr-3420	336	11	periods	period	NOUN
fsr-3420	336	12	but	but	CCONJ
fsr-3420	336	13	,	,	PUNCT
fsr-3420	336	14	rather	rather	ADV
fsr-3420	336	15	,	,	PUNCT
fsr-3420	336	16	that	that	SCONJ
fsr-3420	336	17	it	it	PRON
fsr-3420	336	18	will	will	AUX
fsr-3420	336	19	make	make	VERB
fsr-3420	336	20	that	that	DET
fsr-3420	336	21	balance	balance	NOUN
fsr-3420	336	22	reach	reach	VERB
fsr-3420	336	23	a	a	DET
fsr-3420	336	24	certain	certain	ADJ
fsr-3420	336	25	figure	figure	NOUN
fsr-3420	336	26	by	by	ADP
fsr-3420	336	27	the	the	DET
fsr-3420	336	28	end	end	NOUN
fsr-3420	336	29	of	of	ADP
fsr-3420	336	30	the	the	DET
fsr-3420	336	31	retirement	retirement	NOUN
fsr-3420	336	32	period	period	NOUN
fsr-3420	336	33	.	.	PUNCT
fsr-3420	337	1	as	as	ADP
fsr-3420	337	2	in	in	ADP
fsr-3420	337	3	the	the	DET
fsr-3420	337	4	previous	previous	ADJ
fsr-3420	337	5	sections	section	NOUN
fsr-3420	337	6	,	,	PUNCT
fsr-3420	337	7	we	we	PRON
fsr-3420	337	8	assume	assume	VERB
fsr-3420	337	9	a	a	DET
fsr-3420	337	10	horizon	horizon	NOUN
fsr-3420	337	11	length	length	NOUN
fsr-3420	337	12	of	of	ADP
fsr-3420	337	13	30	30	NUM
fsr-3420	337	14	years	year	NOUN
fsr-3420	337	15	and	and	CCONJ
fsr-3420	337	16	all	all	DET
fsr-3420	337	17	figures	figure	NOUN
fsr-3420	337	18	are	be	AUX
fsr-3420	337	19	in	in	ADP
fsr-3420	337	20	real	real	ADJ
fsr-3420	337	21	terms	term	NOUN
fsr-3420	337	22	,	,	PUNCT
fsr-3420	337	23	so	so	ADV
fsr-3420	337	24	the	the	DET
fsr-3420	337	25	bequest	bequest	NOUN
fsr-3420	337	26	goal	goal	NOUN
fsr-3420	337	27	is	be	AUX
fsr-3420	337	28	attained	attain	VERB
fsr-3420	337	29	in	in	ADP
fsr-3420	337	30	the	the	DET
fsr-3420	337	31	sense	sense	NOUN
fsr-3420	337	32	that	that	SCONJ
fsr-3420	337	33	this	this	PRON
fsr-3420	337	34	is	be	AUX
fsr-3420	337	35	the	the	DET
fsr-3420	337	36	purchasing	purchase	VERB
fsr-3420	337	37	power	power	NOUN
fsr-3420	337	38	that	that	SCONJ
fsr-3420	337	39	the	the	DET
fsr-3420	337	40	ending	end	VERB
fsr-3420	337	41	balance	balance	NOUN
fsr-3420	337	42	provides	provide	VERB
fsr-3420	337	43	.	.	PUNCT
fsr-3420	338	1	this	this	DET
fsr-3420	338	2	investigation	investigation	NOUN
fsr-3420	338	3	is	be	AUX
fsr-3420	338	4	important	important	ADJ
fsr-3420	338	5	not	not	PART
fsr-3420	338	6	only	only	ADV
fsr-3420	338	7	because	because	SCONJ
fsr-3420	338	8	many	many	ADJ
fsr-3420	338	9	prospective	prospective	ADJ
fsr-3420	338	10	retirees	retiree	NOUN
fsr-3420	338	11	are	be	AUX
fsr-3420	338	12	actually	actually	ADV
fsr-3420	338	13	interested	interested	ADJ
fsr-3420	338	14	in	in	ADP
fsr-3420	338	15	bequeathing	bequeath	VERB
fsr-3420	338	16	or	or	CCONJ
fsr-3420	338	17	giving	give	VERB
fsr-3420	338	18	away	away	ADP
fsr-3420	338	19	some	some	PRON
fsr-3420	338	20	of	of	ADP
fsr-3420	338	21	their	their	PRON
fsr-3420	338	22	funds	fund	NOUN
fsr-3420	338	23	,	,	PUNCT
fsr-3420	338	24	but	but	CCONJ
fsr-3420	338	25	also	also	ADV
fsr-3420	338	26	because	because	SCONJ
fsr-3420	338	27	of	of	ADP
fsr-3420	338	28	the	the	DET
fsr-3420	338	29	possibility	possibility	NOUN
fsr-3420	338	30	of	of	ADP
fsr-3420	338	31	introducing	introduce	VERB
fsr-3420	338	32	positive	positive	ADV
fsr-3420	338	33	-	-	PUNCT
fsr-3420	338	34	valued	value	VERB
fsr-3420	338	35	bequest	bequest	NOUN
fsr-3420	338	36	goals	goal	NOUN
fsr-3420	338	37	as	as	ADP
fsr-3420	338	38	safety	safety	NOUN
fsr-3420	338	39	devices	device	NOUN
fsr-3420	338	40	in	in	ADP
fsr-3420	338	41	retirement	retirement	NOUN
fsr-3420	338	42	plans	plan	NOUN
fsr-3420	338	43	.	.	PUNCT
fsr-3420	339	1	that	that	PRON
fsr-3420	339	2	is	be	AUX
fsr-3420	339	3	,	,	PUNCT
fsr-3420	339	4	if	if	SCONJ
fsr-3420	339	5	the	the	DET
fsr-3420	339	6	investor	investor	NOUN
fsr-3420	339	7	is	be	AUX
fsr-3420	339	8	concerned	concerned	ADJ
fsr-3420	339	9	about	about	ADP
fsr-3420	339	10	getting	get	VERB
fsr-3420	339	11	low	low	ADJ
fsr-3420	339	12	returns	return	NOUN
fsr-3420	339	13	,	,	PUNCT
fsr-3420	339	14	or	or	CCONJ
fsr-3420	339	15	that	that	SCONJ
fsr-3420	339	16	perhaps	perhaps	ADV
fsr-3420	339	17	a	a	DET
fsr-3420	339	18	large	large	ADJ
fsr-3420	339	19	unforeseen	unforeseen	ADJ
fsr-3420	339	20	expenditure	expenditure	NOUN
fsr-3420	339	21	may	may	AUX
fsr-3420	339	22	arise	arise	VERB
fsr-3420	339	23	,	,	PUNCT
fsr-3420	339	24	she	she	PRON
fsr-3420	339	25	could	could	AUX
fsr-3420	339	26	protect	protect	VERB
fsr-3420	339	27	against	against	ADP
fsr-3420	339	28	these	these	DET
fsr-3420	339	29	contingencies	contingency	NOUN
fsr-3420	339	30	by	by	ADP
fsr-3420	339	31	planning	plan	VERB
fsr-3420	339	32	as	as	SCONJ
fsr-3420	339	33	if	if	SCONJ
fsr-3420	339	34	she	she	PRON
fsr-3420	339	35	intended	intend	VERB
fsr-3420	339	36	to	to	PART
fsr-3420	339	37	leave	leave	VERB
fsr-3420	339	38	an	an	DET
fsr-3420	339	39	inheritance	inheritance	NOUN
fsr-3420	339	40	.	.	PUNCT
fsr-3420	340	1	this	this	DET
fsr-3420	340	2	maneuver	maneuver	NOUN
fsr-3420	340	3	provides	provide	VERB
fsr-3420	340	4	the	the	DET
fsr-3420	340	5	funds	fund	NOUN
fsr-3420	340	6	’	'	PUNCT
fsr-3420	340	7	owner	owner	NOUN
fsr-3420	340	8	with	with	ADP
fsr-3420	340	9	three	three	NUM
fsr-3420	340	10	adjustment	adjustment	NOUN
fsr-3420	340	11	levers	lever	NOUN
fsr-3420	340	12	to	to	PART
fsr-3420	340	13	react	react	VERB
fsr-3420	340	14	to	to	ADP
fsr-3420	340	15	new	new	ADJ
fsr-3420	340	16	developments	development	NOUN
fsr-3420	340	17	:	:	PUNCT
fsr-3420	340	18	the	the	DET
fsr-3420	340	19	withdrawal	withdrawal	NOUN
fsr-3420	340	20	amount	amount	NOUN
fsr-3420	340	21	,	,	PUNCT
fsr-3420	340	22	the	the	DET
fsr-3420	340	23	safety	safety	NOUN
fsr-3420	340	24	level	level	NOUN
fsr-3420	340	25	,	,	PUNCT
fsr-3420	340	26	and	and	CCONJ
fsr-3420	340	27	the	the	DET
fsr-3420	340	28	bequest	bequ	ADJ
fsr-3420	340	29	goal	goal	NOUN
fsr-3420	340	30	.	.	PUNCT
fsr-3420	341	1	thus	thus	ADV
fsr-3420	341	2	,	,	PUNCT
fsr-3420	341	3	for	for	ADP
fsr-3420	341	4	example	example	NOUN
fsr-3420	341	5	,	,	PUNCT
fsr-3420	341	6	in	in	ADP
fsr-3420	341	7	a	a	DET
fsr-3420	341	8	scenario	scenario	NOUN
fsr-3420	341	9	of	of	ADP
fsr-3420	341	10	poor	poor	ADJ
fsr-3420	341	11	portfolio	portfolio	NOUN
fsr-3420	341	12	performance	performance	NOUN
fsr-3420	341	13	the	the	DET
fsr-3420	341	14	retiree	retiree	NOUN
fsr-3420	341	15	can	can	AUX
fsr-3420	341	16	either	either	CCONJ
fsr-3420	341	17	reduce	reduce	VERB
fsr-3420	341	18	her	her	PRON
fsr-3420	341	19	withdrawals	withdrawal	NOUN
fsr-3420	341	20	,	,	PUNCT
fsr-3420	341	21	accept	accept	VERB
fsr-3420	341	22	a	a	DET
fsr-3420	341	23	lower	low	ADJ
fsr-3420	341	24	safety	safety	NOUN
fsr-3420	341	25	level	level	NOUN
fsr-3420	341	26	,	,	PUNCT
fsr-3420	341	27	or	or	CCONJ
fsr-3420	341	28	reduce	reduce	VERB
fsr-3420	341	29	her	her	PRON
fsr-3420	341	30	bequest	bequ	ADJ
fsr-3420	341	31	target	target	NOUN
fsr-3420	341	32	/	/	SYM
fsr-3420	341	33	protection	protection	NOUN
fsr-3420	341	34	balance	balance	NOUN
fsr-3420	341	35	—	—	PUNCT
fsr-3420	341	36	or	or	CCONJ
fsr-3420	341	37	combine	combine	VERB
fsr-3420	341	38	these	these	DET
fsr-3420	341	39	adjustments	adjustment	NOUN
fsr-3420	341	40	to	to	PART
fsr-3420	341	41	spread	spread	VERB
fsr-3420	341	42	the	the	DET
fsr-3420	341	43	impact	impact	NOUN
fsr-3420	341	44	.	.	PUNCT
fsr-3420	342	1	before	before	ADP
fsr-3420	342	2	presenting	present	VERB
fsr-3420	342	3	our	our	PRON
fsr-3420	342	4	results	result	NOUN
fsr-3420	342	5	,	,	PUNCT
fsr-3420	342	6	we	we	PRON
fsr-3420	342	7	discuss	discuss	VERB
fsr-3420	342	8	a	a	DET
fsr-3420	342	9	change	change	NOUN
fsr-3420	342	10	in	in	ADP
fsr-3420	342	11	the	the	DET
fsr-3420	342	12	role	role	NOUN
fsr-3420	342	13	that	that	PRON
fsr-3420	342	14	the	the	DET
fsr-3420	342	15	sequencing	sequence	VERB
fsr-3420	342	16	factor	factor	NOUN
fsr-3420	342	17	plays	play	VERB
fsr-3420	342	18	when	when	SCONJ
fsr-3420	342	19	the	the	DET
fsr-3420	342	20	bequest	bequest	NOUN
fsr-3420	342	21	goal	goal	NOUN
fsr-3420	342	22	is	be	AUX
fsr-3420	342	23	nonzero	nonzero	NOUN
fsr-3420	342	24	.	.	PUNCT
fsr-3420	343	1	the	the	DET
fsr-3420	343	2	zero	zero	NUM
fsr-3420	343	3	final	final	ADJ
fsr-3420	343	4	balance	balance	NOUN
fsr-3420	343	5	specification	specification	NOUN
fsr-3420	343	6	used	use	VERB
fsr-3420	343	7	in	in	ADP
fsr-3420	343	8	the	the	DET
fsr-3420	343	9	fig	fig	NOUN
fsr-3420	343	10	.	.	PUNCT
fsr-3420	344	1	14	14	NUM
fsr-3420	344	2	.	.	PUNCT
fsr-3420	345	1	cutoff	cutoff	NOUN
fsr-3420	345	2	points	point	NOUN
fsr-3420	345	3	of	of	ADP
fsr-3420	345	4	the	the	DET
fsr-3420	345	5	first	first	ADJ
fsr-3420	345	6	five	five	NUM
fsr-3420	345	7	deciles	decile	NOUN
fsr-3420	345	8	in	in	ADP
fsr-3420	345	9	historical	historical	ADJ
fsr-3420	345	10	pwr	pwr	NOUN
fsr-3420	345	11	distributions	distribution	NOUN
fsr-3420	345	12	,	,	PUNCT
fsr-3420	345	13	by	by	ADP
fsr-3420	345	14	asset	asset	NOUN
fsr-3420	345	15	mix	mix	NOUN
fsr-3420	345	16	.	.	PUNCT
fsr-3420	346	1	if	if	SCONJ
fsr-3420	346	2	the	the	DET
fsr-3420	346	3	retiree	retiree	NOUN
fsr-3420	346	4	wants	want	VERB
fsr-3420	346	5	to	to	PART
fsr-3420	346	6	be	be	AUX
fsr-3420	346	7	90%-safe	90%-safe	NOUN
fsr-3420	346	8	she	she	PRON
fsr-3420	346	9	should	should	AUX
fsr-3420	346	10	use	use	VERB
fsr-3420	346	11	the	the	DET
fsr-3420	346	12	70/30	70/30	NUM
fsr-3420	346	13	mix	mix	NOUN
fsr-3420	346	14	,	,	PUNCT
fsr-3420	346	15	but	but	CCONJ
fsr-3420	346	16	for	for	ADP
fsr-3420	346	17	lower	low	ADJ
fsr-3420	346	18	safety	safety	NOUN
fsr-3420	346	19	levels	level	NOUN
fsr-3420	346	20	(	(	PUNCT
fsr-3420	346	21	higher	high	ADJ
fsr-3420	346	22	risk	risk	NOUN
fsr-3420	346	23	tolerance	tolerance	NOUN
fsr-3420	346	24	)	)	PUNCT
fsr-3420	347	1	she	she	PRON
fsr-3420	347	2	should	should	AUX
fsr-3420	347	3	add	add	VERB
fsr-3420	347	4	more	more	ADJ
fsr-3420	347	5	stocks	stock	NOUN
fsr-3420	347	6	.	.	PUNCT
fsr-3420	348	1	e.d	e.d	PROPN
fsr-3420	348	2	.	.	PROPN
fsr-3420	348	3	suarez	suarez	PROPN
fsr-3420	348	4	/	/	SYM
fsr-3420	348	5	financial	financial	ADJ
fsr-3420	348	6	services	service	NOUN
fsr-3420	348	7	review	review	VERB
fsr-3420	348	8	28	28	NUM
fsr-3420	348	9	(	(	PUNCT
fsr-3420	348	10	2020	2020	NUM
fsr-3420	348	11	)	)	PUNCT
fsr-3420	349	1	96–132	96–132	NUM
fsr-3420	349	2	115	115	NUM
fsr-3420	349	3	standard	standard	ADJ
fsr-3420	349	4	scenario	scenario	NOUN
fsr-3420	349	5	produces	produce	VERB
fsr-3420	349	6	the	the	DET
fsr-3420	349	7	very	very	ADV
fsr-3420	349	8	succinct	succinct	ADJ
fsr-3420	349	9	expression	expression	NOUN
fsr-3420	349	10	shown	show	VERB
fsr-3420	349	11	in	in	ADP
fsr-3420	349	12	eq	eq	ADP
fsr-3420	349	13	.	.	PUNCT
fsr-3420	350	1	(	(	PUNCT
fsr-3420	350	2	5	5	NUM
fsr-3420	350	3	)	)	PUNCT
fsr-3420	350	4	,	,	PUNCT
fsr-3420	350	5	but	but	CCONJ
fsr-3420	350	6	the	the	DET
fsr-3420	350	7	corresponding	correspond	VERB
fsr-3420	350	8	equation	equation	NOUN
fsr-3420	350	9	for	for	ADP
fsr-3420	350	10	the	the	DET
fsr-3420	350	11	general	general	ADJ
fsr-3420	350	12	case	case	NOUN
fsr-3420	350	13	is	be	AUX
fsr-3420	350	14	:	:	PUNCT
fsr-3420	350	15	w	w	X
fsr-3420	350	16	=	=	VERB
fsr-3420	350	17	ks	ks	NOUN
fsr-3420	350	18	¼	¼	NOUN
fsr-3420	350	19	rnsn	rnsn	PROPN
fsr-3420	350	20	�	�	PROPN
fsr-3420	350	21	sn	sn	PROPN
fsr-3420	350	22	ke	ke	PROPN
fsr-3420	350	23	=	=	PROPN
fsr-3420	350	24	ksð	ksð	NOUN
fsr-3420	350	25	þ	þ	NOUN
fsr-3420	350	26	(	(	PUNCT
fsr-3420	350	27	8)	8)	NUM
fsr-3420	350	28	this	this	DET
fsr-3420	350	29	complete	complete	ADJ
fsr-3420	350	30	version	version	NOUN
fsr-3420	350	31	reveals	reveal	VERB
fsr-3420	350	32	a	a	DET
fsr-3420	350	33	peculiar	peculiar	ADJ
fsr-3420	350	34	feature	feature	NOUN
fsr-3420	350	35	of	of	ADP
fsr-3420	350	36	the	the	DET
fsr-3420	350	37	relationship	relationship	NOUN
fsr-3420	350	38	between	between	ADP
fsr-3420	350	39	the	the	DET
fsr-3420	350	40	pwr	pwr	NOUN
fsr-3420	350	41	and	and	CCONJ
fsr-3420	350	42	the	the	DET
fsr-3420	350	43	sequencing	sequence	VERB
fsr-3420	350	44	factor	factor	NOUN
fsr-3420	350	45	.	.	PUNCT
fsr-3420	351	1	although	although	SCONJ
fsr-3420	351	2	a	a	DET
fsr-3420	351	3	favorable	favorable	ADJ
fsr-3420	351	4	ordering	ordering	NOUN
fsr-3420	351	5	in	in	ADP
fsr-3420	351	6	the	the	DET
fsr-3420	351	7	sequence	sequence	NOUN
fsr-3420	351	8	of	of	ADP
fsr-3420	351	9	return	return	NOUN
fsr-3420	351	10	rates	rate	NOUN
fsr-3420	351	11	will	will	AUX
fsr-3420	351	12	provide	provide	VERB
fsr-3420	351	13	a	a	DET
fsr-3420	351	14	higher	high	ADJ
fsr-3420	351	15	pwr	pwr	NOUN
fsr-3420	351	16	,	,	PUNCT
fsr-3420	351	17	it	it	PRON
fsr-3420	351	18	will	will	AUX
fsr-3420	351	19	also	also	ADV
fsr-3420	351	20	make	make	VERB
fsr-3420	351	21	the	the	DET
fsr-3420	351	22	result	result	NOUN
fsr-3420	351	23	more	more	ADV
fsr-3420	351	24	sensitive	sensitive	ADJ
fsr-3420	351	25	to	to	ADP
fsr-3420	351	26	any	any	DET
fsr-3420	351	27	change	change	NOUN
fsr-3420	351	28	in	in	ADP
fsr-3420	351	29	the	the	DET
fsr-3420	351	30	bequest	bequ	ADJ
fsr-3420	351	31	goal	goal	NOUN
fsr-3420	351	32	(	(	PUNCT
fsr-3420	351	33	ke	ke	NOUN
fsr-3420	351	34	/	/	SYM
fsr-3420	351	35	ks	ks	NOUN
fsr-3420	351	36	)	)	PUNCT
fsr-3420	351	37	.	.	PUNCT
fsr-3420	352	1	as	as	SCONJ
fsr-3420	352	2	we	we	PRON
fsr-3420	352	3	did	do	VERB
fsr-3420	352	4	with	with	ADP
fsr-3420	352	5	the	the	DET
fsr-3420	352	6	asset	asset	NOUN
fsr-3420	352	7	mix	mix	NOUN
fsr-3420	352	8	,	,	PUNCT
fsr-3420	352	9	we	we	PRON
fsr-3420	352	10	change	change	VERB
fsr-3420	352	11	the	the	DET
fsr-3420	352	12	bequest	bequ	ADJ
fsr-3420	352	13	goal	goal	NOUN
fsr-3420	352	14	parameter	parameter	NOUN
fsr-3420	352	15	in	in	ADP
fsr-3420	352	16	10	10	NUM
fsr-3420	352	17	-	-	PUNCT
fsr-3420	352	18	point	point	NOUN
fsr-3420	352	19	increments	increment	NOUN
fsr-3420	352	20	from	from	ADP
fsr-3420	352	21	zero	zero	NUM
fsr-3420	352	22	to	to	ADP
fsr-3420	352	23	100	100	NUM
fsr-3420	352	24	%	%	NOUN
fsr-3420	352	25	,	,	PUNCT
fsr-3420	352	26	going	go	VERB
fsr-3420	352	27	from	from	ADP
fsr-3420	352	28	the	the	DET
fsr-3420	352	29	case	case	NOUN
fsr-3420	352	30	where	where	SCONJ
fsr-3420	352	31	the	the	DET
fsr-3420	352	32	account	account	NOUN
fsr-3420	352	33	’s	’s	PART
fsr-3420	352	34	funds	fund	NOUN
fsr-3420	352	35	are	be	AUX
fsr-3420	352	36	exhausted	exhaust	VERB
fsr-3420	352	37	completely	completely	ADV
fsr-3420	352	38	(	(	PUNCT
fsr-3420	352	39	no	no	DET
fsr-3420	352	40	bequest	bequest	NOUN
fsr-3420	352	41	)	)	PUNCT
fsr-3420	352	42	to	to	ADP
fsr-3420	352	43	the	the	DET
fsr-3420	352	44	case	case	NOUN
fsr-3420	352	45	where	where	SCONJ
fsr-3420	352	46	the	the	DET
fsr-3420	352	47	balance	balance	NOUN
fsr-3420	352	48	on	on	ADP
fsr-3420	352	49	the	the	DET
fsr-3420	352	50	account	account	NOUN
fsr-3420	352	51	is	be	AUX
fsr-3420	352	52	unchanged	unchanged	ADJ
fsr-3420	352	53	in	in	ADP
fsr-3420	352	54	real	real	ADJ
fsr-3420	352	55	terms	term	NOUN
fsr-3420	352	56	at	at	ADP
fsr-3420	352	57	the	the	DET
fsr-3420	352	58	end	end	NOUN
fsr-3420	352	59	of	of	ADP
fsr-3420	352	60	the	the	DET
fsr-3420	352	61	planning	planning	NOUN
fsr-3420	352	62	horizon	horizon	NOUN
fsr-3420	352	63	(	(	PUNCT
fsr-3420	352	64	100	100	NUM
fsr-3420	352	65	%	%	NOUN
fsr-3420	352	66	bequest	bequest	NOUN
fsr-3420	352	67	)	)	PUNCT
fsr-3420	352	68	.	.	PUNCT
fsr-3420	353	1	the	the	DET
fsr-3420	353	2	intermediate	intermediate	ADJ
fsr-3420	353	3	points	point	NOUN
fsr-3420	353	4	correspond	correspond	VERB
fsr-3420	353	5	to	to	ADP
fsr-3420	353	6	bequeathing	bequeath	VERB
fsr-3420	353	7	10	10	NUM
fsr-3420	353	8	%	%	NOUN
fsr-3420	353	9	of	of	ADP
fsr-3420	353	10	the	the	DET
fsr-3420	353	11	starting	start	VERB
fsr-3420	353	12	balance	balance	NOUN
fsr-3420	353	13	,	,	PUNCT
fsr-3420	353	14	20	20	NUM
fsr-3420	353	15	%	%	NOUN
fsr-3420	353	16	,	,	PUNCT
fsr-3420	353	17	30	30	NUM
fsr-3420	353	18	%	%	NOUN
fsr-3420	353	19	,	,	PUNCT
fsr-3420	353	20	and	and	CCONJ
fsr-3420	353	21	so	so	ADV
fsr-3420	353	22	forth	forth	ADV
fsr-3420	353	23	,	,	PUNCT
fsr-3420	353	24	always	always	ADV
fsr-3420	353	25	in	in	ADP
fsr-3420	353	26	constant	constant	ADJ
fsr-3420	353	27	purchasing	purchasing	NOUN
fsr-3420	353	28	power	power	NOUN
fsr-3420	353	29	terms	term	NOUN
fsr-3420	353	30	.	.	PUNCT
fsr-3420	354	1	we	we	PRON
fsr-3420	354	2	start	start	VERB
fsr-3420	354	3	by	by	ADP
fsr-3420	354	4	comparing	compare	VERB
fsr-3420	354	5	,	,	PUNCT
fsr-3420	354	6	in	in	ADP
fsr-3420	354	7	fig	fig	NOUN
fsr-3420	354	8	.	.	PUNCT
fsr-3420	355	1	15	15	NUM
fsr-3420	355	2	,	,	PUNCT
fsr-3420	355	3	the	the	DET
fsr-3420	355	4	pwr	pwr	NOUN
fsr-3420	355	5	for	for	ADP
fsr-3420	355	6	the	the	DET
fsr-3420	355	7	standard	standard	ADJ
fsr-3420	355	8	scenario	scenario	NOUN
fsr-3420	355	9	against	against	ADP
fsr-3420	355	10	the	the	DET
fsr-3420	355	11	results	result	NOUN
fsr-3420	355	12	for	for	ADP
fsr-3420	355	13	10	10	NUM
fsr-3420	355	14	%	%	NOUN
fsr-3420	355	15	and	and	CCONJ
fsr-3420	355	16	30	30	NUM
fsr-3420	355	17	%	%	NOUN
fsr-3420	355	18	bequest	bequest	NOUN
fsr-3420	355	19	goals	goal	NOUN
fsr-3420	355	20	.	.	PUNCT
fsr-3420	356	1	we	we	PRON
fsr-3420	356	2	will	will	AUX
fsr-3420	356	3	argue	argue	VERB
fsr-3420	356	4	that	that	SCONJ
fsr-3420	356	5	the	the	DET
fsr-3420	356	6	main	main	ADJ
fsr-3420	356	7	thing	thing	NOUN
fsr-3420	356	8	to	to	PART
fsr-3420	356	9	see	see	VERB
fsr-3420	356	10	in	in	ADP
fsr-3420	356	11	fig	fig	NOUN
fsr-3420	356	12	.	.	PUNCT
fsr-3420	357	1	15	15	NUM
fsr-3420	357	2	is	be	AUX
fsr-3420	357	3	,	,	PUNCT
fsr-3420	357	4	ironically	ironically	ADV
fsr-3420	357	5	,	,	PUNCT
fsr-3420	357	6	that	that	SCONJ
fsr-3420	357	7	there	there	PRON
fsr-3420	357	8	is	be	VERB
fsr-3420	357	9	not	not	PART
fsr-3420	357	10	much	much	ADJ
fsr-3420	357	11	to	to	PART
fsr-3420	357	12	see	see	VERB
fsr-3420	357	13	in	in	ADP
fsr-3420	357	14	it	it	PRON
fsr-3420	357	15	.	.	PUNCT
fsr-3420	358	1	that	that	PRON
fsr-3420	358	2	is	be	AUX
fsr-3420	358	3	,	,	PUNCT
fsr-3420	358	4	the	the	DET
fsr-3420	358	5	three	three	NUM
fsr-3420	358	6	variables	variable	NOUN
fsr-3420	358	7	shown	show	VERB
fsr-3420	358	8	are	be	AUX
fsr-3420	358	9	so	so	ADV
fsr-3420	358	10	close	close	ADJ
fsr-3420	358	11	to	to	ADP
fsr-3420	358	12	each	each	DET
fsr-3420	358	13	other	other	ADJ
fsr-3420	358	14	that	that	SCONJ
fsr-3420	358	15	they	they	PRON
fsr-3420	358	16	“	"	PUNCT
fsr-3420	358	17	fudge	fudge	VERB
fsr-3420	358	18	”	"	PUNCT
fsr-3420	358	19	the	the	DET
fsr-3420	358	20	chart	chart	NOUN
fsr-3420	358	21	,	,	PUNCT
fsr-3420	358	22	making	make	VERB
fsr-3420	358	23	it	it	PRON
fsr-3420	358	24	difficult	difficult	ADJ
fsr-3420	358	25	to	to	PART
fsr-3420	358	26	distinguish	distinguish	VERB
fsr-3420	358	27	one	one	NUM
fsr-3420	358	28	line	line	NOUN
fsr-3420	358	29	from	from	ADP
fsr-3420	358	30	the	the	DET
fsr-3420	358	31	others	other	NOUN
fsr-3420	358	32	.	.	PUNCT
fsr-3420	359	1	what	what	PRON
fsr-3420	359	2	this	this	PRON
fsr-3420	359	3	means	mean	VERB
fsr-3420	359	4	is	be	AUX
fsr-3420	359	5	that	that	SCONJ
fsr-3420	359	6	the	the	DET
fsr-3420	359	7	reduction	reduction	NOUN
fsr-3420	359	8	in	in	ADP
fsr-3420	359	9	the	the	DET
fsr-3420	359	10	pwr	pwr	NOUN
fsr-3420	359	11	necessary	necessary	ADJ
fsr-3420	359	12	to	to	PART
fsr-3420	359	13	protect	protect	VERB
fsr-3420	359	14	or	or	CCONJ
fsr-3420	359	15	salvage	salvage	VERB
fsr-3420	359	16	a	a	DET
fsr-3420	359	17	non	non	ADJ
fsr-3420	359	18	-	-	ADJ
fsr-3420	359	19	negligible	negligible	ADJ
fsr-3420	359	20	fraction	fraction	NOUN
fsr-3420	359	21	of	of	ADP
fsr-3420	359	22	the	the	DET
fsr-3420	359	23	fig	fig	NOUN
fsr-3420	359	24	.	.	PUNCT
fsr-3420	360	1	15	15	NUM
fsr-3420	360	2	.	.	X
fsr-3420	360	3	pwr	pwr	NOUN
fsr-3420	360	4	for	for	ADP
fsr-3420	360	5	standard	standard	ADJ
fsr-3420	360	6	scenario	scenario	NOUN
fsr-3420	360	7	(	(	PUNCT
fsr-3420	360	8	no	no	DET
fsr-3420	360	9	bequest	bequest	NOUN
fsr-3420	360	10	)	)	PUNCT
fsr-3420	360	11	versus	versus	ADP
fsr-3420	360	12	10	10	NUM
fsr-3420	360	13	%	%	NOUN
fsr-3420	360	14	bequest	bequ	ADJ
fsr-3420	360	15	goal	goal	NOUN
fsr-3420	360	16	and	and	CCONJ
fsr-3420	360	17	30	30	NUM
fsr-3420	360	18	%	%	NOUN
fsr-3420	360	19	bequest	bequ	ADJ
fsr-3420	360	20	goal	goal	NOUN
fsr-3420	360	21	.	.	PUNCT
fsr-3420	361	1	the	the	DET
fsr-3420	361	2	adjustment	adjustment	NOUN
fsr-3420	361	3	in	in	ADP
fsr-3420	361	4	the	the	DET
fsr-3420	361	5	withdrawal	withdrawal	NOUN
fsr-3420	361	6	rate	rate	NOUN
fsr-3420	361	7	needed	need	VERB
fsr-3420	361	8	to	to	PART
fsr-3420	361	9	accommodate	accommodate	VERB
fsr-3420	361	10	significant	significant	ADJ
fsr-3420	361	11	bequest	bequest	NOUN
fsr-3420	361	12	intentions	intention	NOUN
fsr-3420	361	13	is	be	AUX
fsr-3420	361	14	surprisingly	surprisingly	ADV
fsr-3420	361	15	small	small	ADJ
fsr-3420	361	16	(	(	PUNCT
fsr-3420	361	17	see	see	VERB
fsr-3420	361	18	also	also	ADV
fsr-3420	361	19	fig	fig	NOUN
fsr-3420	361	20	.	.	PUNCT
fsr-3420	362	1	16	16	NUM
fsr-3420	362	2	)	)	PUNCT
fsr-3420	362	3	.	.	PUNCT
fsr-3420	363	1	116	116	NUM
fsr-3420	363	2	e.d	e.d	PROPN
fsr-3420	363	3	.	.	PROPN
fsr-3420	363	4	suarez	suarez	PROPN
fsr-3420	363	5	/	/	SYM
fsr-3420	363	6	financial	financial	ADJ
fsr-3420	363	7	services	service	NOUN
fsr-3420	363	8	review	review	VERB
fsr-3420	363	9	28	28	NUM
fsr-3420	363	10	(	(	PUNCT
fsr-3420	363	11	2020	2020	NUM
fsr-3420	363	12	)	)	PUNCT
fsr-3420	364	1	96–132	96–132	NUM
fsr-3420	364	2	investment	investment	NOUN
fsr-3420	364	3	balance	balance	NOUN
fsr-3420	364	4	is	be	AUX
fsr-3420	364	5	surprisingly	surprisingly	ADV
fsr-3420	364	6	small	small	ADJ
fsr-3420	364	7	.	.	PUNCT
fsr-3420	365	1	one	one	PRON
fsr-3420	365	2	would	would	AUX
fsr-3420	365	3	think	think	VERB
fsr-3420	365	4	,	,	PUNCT
fsr-3420	365	5	for	for	ADP
fsr-3420	365	6	example	example	NOUN
fsr-3420	365	7	,	,	PUNCT
fsr-3420	365	8	that	that	SCONJ
fsr-3420	365	9	if	if	SCONJ
fsr-3420	365	10	a	a	DET
fsr-3420	365	11	person	person	NOUN
fsr-3420	365	12	who	who	PRON
fsr-3420	365	13	enters	enter	VERB
fsr-3420	365	14	retirement	retirement	NOUN
fsr-3420	365	15	with	with	ADP
fsr-3420	365	16	$	$	SYM
fsr-3420	365	17	1	1	NUM
fsr-3420	365	18	million	million	NUM
fsr-3420	365	19	in	in	ADP
fsr-3420	365	20	her	her	PRON
fsr-3420	365	21	account	account	NOUN
fsr-3420	365	22	wants	want	VERB
fsr-3420	365	23	to	to	PART
fsr-3420	365	24	leave	leave	VERB
fsr-3420	365	25	a	a	DET
fsr-3420	365	26	$	$	SYM
fsr-3420	365	27	300,000	300,000	NUM
fsr-3420	365	28	estate	estate	NOUN
fsr-3420	365	29	,	,	PUNCT
fsr-3420	365	30	she	she	PRON
fsr-3420	365	31	would	would	AUX
fsr-3420	365	32	have	have	VERB
fsr-3420	365	33	to	to	PART
fsr-3420	365	34	reduce	reduce	VERB
fsr-3420	365	35	her	her	PRON
fsr-3420	365	36	withdrawal	withdrawal	NOUN
fsr-3420	365	37	amount	amount	NOUN
fsr-3420	365	38	very	very	ADV
fsr-3420	365	39	significantly	significantly	ADV
fsr-3420	365	40	with	with	ADP
fsr-3420	365	41	respect	respect	NOUN
fsr-3420	365	42	to	to	ADP
fsr-3420	365	43	what	what	PRON
fsr-3420	365	44	she	she	PRON
fsr-3420	365	45	could	could	AUX
fsr-3420	365	46	take	take	VERB
fsr-3420	365	47	out	out	ADP
fsr-3420	365	48	if	if	SCONJ
fsr-3420	365	49	she	she	PRON
fsr-3420	365	50	did	do	AUX
fsr-3420	365	51	n’t	not	PART
fsr-3420	365	52	want	want	VERB
fsr-3420	365	53	to	to	PART
fsr-3420	365	54	leave	leave	VERB
fsr-3420	365	55	any	any	DET
fsr-3420	365	56	funds	fund	NOUN
fsr-3420	365	57	at	at	ADV
fsr-3420	365	58	all	all	ADV
fsr-3420	365	59	.	.	PUNCT
fsr-3420	366	1	however	however	ADV
fsr-3420	366	2	,	,	PUNCT
fsr-3420	366	3	the	the	DET
fsr-3420	366	4	evidence	evidence	NOUN
fsr-3420	366	5	in	in	ADP
fsr-3420	366	6	the	the	DET
fsr-3420	366	7	historical	historical	ADJ
fsr-3420	366	8	record	record	NOUN
fsr-3420	366	9	indicates	indicate	VERB
fsr-3420	366	10	that	that	SCONJ
fsr-3420	366	11	the	the	DET
fsr-3420	366	12	pwr	pwr	NOUN
fsr-3420	366	13	differential	differential	NOUN
fsr-3420	366	14	in	in	ADP
fsr-3420	366	15	this	this	DET
fsr-3420	366	16	case	case	NOUN
fsr-3420	366	17	(	(	PUNCT
fsr-3420	366	18	all	all	DET
fsr-3420	366	19	-	-	PUNCT
fsr-3420	366	20	stocks	stock	NOUN
fsr-3420	366	21	portfolio	portfolio	NOUN
fsr-3420	366	22	over	over	ADP
fsr-3420	366	23	30	30	NUM
fsr-3420	366	24	-	-	PUNCT
fsr-3420	366	25	year	year	NOUN
fsr-3420	366	26	periods	period	NOUN
fsr-3420	366	27	)	)	PUNCT
fsr-3420	366	28	has	have	AUX
fsr-3420	366	29	never	never	ADV
fsr-3420	366	30	been	be	AUX
fsr-3420	366	31	larger	large	ADJ
fsr-3420	366	32	than	than	ADP
fsr-3420	366	33	0.8	0.8	NUM
fsr-3420	366	34	%	%	NOUN
fsr-3420	366	35	points	point	NOUN
fsr-3420	366	36	,	,	PUNCT
fsr-3420	366	37	it	it	PRON
fsr-3420	366	38	has	have	AUX
fsr-3420	366	39	been	be	AUX
fsr-3420	366	40	as	as	ADV
fsr-3420	366	41	low	low	ADJ
fsr-3420	366	42	as	as	ADP
fsr-3420	366	43	0.1	0.1	NUM
fsr-3420	366	44	points	point	NOUN
fsr-3420	366	45	,	,	PUNCT
fsr-3420	366	46	and	and	CCONJ
fsr-3420	366	47	its	its	PRON
fsr-3420	366	48	median	median	ADJ
fsr-3420	366	49	value	value	NOUN
fsr-3420	366	50	was	be	AUX
fsr-3420	366	51	0.3	0.3	NUM
fsr-3420	366	52	points	point	NOUN
fsr-3420	366	53	—	—	PUNCT
fsr-3420	366	54	that	that	PRON
fsr-3420	366	55	’s	’	VERB
fsr-3420	366	56	all	all	PRON
fsr-3420	366	57	she	she	PRON
fsr-3420	366	58	would	would	AUX
fsr-3420	366	59	have	have	VERB
fsr-3420	366	60	to	to	PART
fsr-3420	366	61	shave	shave	VERB
fsr-3420	366	62	off	off	ADP
fsr-3420	366	63	.	.	PUNCT
fsr-3420	367	1	again	again	ADV
fsr-3420	367	2	,	,	PUNCT
fsr-3420	367	3	it	it	PRON
fsr-3420	367	4	may	may	AUX
fsr-3420	367	5	be	be	AUX
fsr-3420	367	6	more	more	ADV
fsr-3420	367	7	relevant	relevant	ADJ
fsr-3420	367	8	to	to	PART
fsr-3420	367	9	discuss	discuss	VERB
fsr-3420	367	10	the	the	DET
fsr-3420	367	11	required	require	VERB
fsr-3420	367	12	variation	variation	NOUN
fsr-3420	367	13	in	in	ADP
fsr-3420	367	14	the	the	DET
fsr-3420	367	15	pwa	pwa	PROPN
fsr-3420	367	16	,	,	PUNCT
fsr-3420	367	17	that	that	ADV
fsr-3420	367	18	is	is	ADV
fsr-3420	367	19	,	,	PUNCT
fsr-3420	367	20	how	how	SCONJ
fsr-3420	367	21	much	much	ADJ
fsr-3420	367	22	of	of	ADP
fsr-3420	367	23	her	her	PRON
fsr-3420	367	24	annual	annual	ADJ
fsr-3420	367	25	income	income	NOUN
fsr-3420	367	26	would	would	AUX
fsr-3420	367	27	the	the	DET
fsr-3420	367	28	retiree	retiree	NOUN
fsr-3420	367	29	have	have	VERB
fsr-3420	367	30	to	to	PART
fsr-3420	367	31	sacrifice	sacrifice	VERB
fsr-3420	367	32	to	to	PART
fsr-3420	367	33	reach	reach	VERB
fsr-3420	367	34	a	a	DET
fsr-3420	367	35	given	give	VERB
fsr-3420	367	36	bequest	bequest	NOUN
fsr-3420	367	37	goal	goal	NOUN
fsr-3420	367	38	.	.	PUNCT
fsr-3420	368	1	our	our	PRON
fsr-3420	368	2	results	result	NOUN
fsr-3420	368	3	for	for	ADP
fsr-3420	368	4	the	the	DET
fsr-3420	368	5	30	30	NUM
fsr-3420	368	6	%	%	NOUN
fsr-3420	368	7	bequest	bequest	NOUN
fsr-3420	368	8	goal	goal	NOUN
fsr-3420	368	9	say	say	VERB
fsr-3420	368	10	that	that	SCONJ
fsr-3420	368	11	the	the	DET
fsr-3420	368	12	most	most	ADJ
fsr-3420	368	13	she	she	PRON
fsr-3420	368	14	would	would	AUX
fsr-3420	368	15	have	have	AUX
fsr-3420	368	16	had	have	VERB
fsr-3420	368	17	to	to	PART
fsr-3420	368	18	cut	cut	VERB
fsr-3420	368	19	back	back	ADP
fsr-3420	368	20	was	be	AUX
fsr-3420	368	21	8.9	8.9	NUM
fsr-3420	368	22	%	%	NOUN
fsr-3420	368	23	,	,	PUNCT
fsr-3420	368	24	and	and	CCONJ
fsr-3420	368	25	that	that	SCONJ
fsr-3420	368	26	in	in	ADP
fsr-3420	368	27	some	some	DET
fsr-3420	368	28	periods	period	NOUN
fsr-3420	368	29	the	the	DET
fsr-3420	368	30	necessary	necessary	ADJ
fsr-3420	368	31	decrease	decrease	NOUN
fsr-3420	368	32	in	in	ADP
fsr-3420	368	33	her	her	PRON
fsr-3420	368	34	withdrawal	withdrawal	NOUN
fsr-3420	368	35	amount	amount	NOUN
fsr-3420	368	36	was	be	AUX
fsr-3420	368	37	just	just	ADV
fsr-3420	368	38	0.1	0.1	NUM
fsr-3420	368	39	%	%	NOUN
fsr-3420	368	40	.	.	PUNCT
fsr-3420	369	1	the	the	DET
fsr-3420	369	2	median	median	PROPN
fsr-3420	369	3	pwa	pwa	PROPN
fsr-3420	369	4	variation	variation	NOUN
fsr-3420	369	5	was	be	AUX
fsr-3420	369	6	�	�	PROPN
fsr-3420	369	7	3.7	3.7	NUM
fsr-3420	369	8	%	%	NOUN
fsr-3420	369	9	.	.	PUNCT
fsr-3420	370	1	however	however	ADV
fsr-3420	370	2	,	,	PUNCT
fsr-3420	370	3	it	it	PRON
fsr-3420	370	4	would	would	AUX
fsr-3420	370	5	be	be	AUX
fsr-3420	370	6	wrong	wrong	ADJ
fsr-3420	370	7	to	to	PART
fsr-3420	370	8	conclude	conclude	VERB
fsr-3420	370	9	that	that	SCONJ
fsr-3420	370	10	by	by	ADP
fsr-3420	370	11	committing	commit	VERB
fsr-3420	370	12	to	to	ADP
fsr-3420	370	13	reductions	reduction	NOUN
fsr-3420	370	14	as	as	ADV
fsr-3420	370	15	small	small	ADJ
fsr-3420	370	16	as	as	SCONJ
fsr-3420	370	17	these	these	DET
fsr-3420	370	18	the	the	DET
fsr-3420	370	19	retiree	retiree	NOUN
fsr-3420	370	20	would	would	AUX
fsr-3420	370	21	immediately	immediately	ADV
fsr-3420	370	22	have	have	VERB
fsr-3420	370	23	30	30	NUM
fsr-3420	370	24	%	%	NOUN
fsr-3420	370	25	of	of	ADP
fsr-3420	370	26	the	the	DET
fsr-3420	370	27	balance	balance	NOUN
fsr-3420	370	28	available	available	ADJ
fsr-3420	370	29	for	for	ADP
fsr-3420	370	30	emergencies	emergency	NOUN
fsr-3420	370	31	.	.	PUNCT
fsr-3420	371	1	the	the	DET
fsr-3420	371	2	figures	figure	NOUN
fsr-3420	371	3	presented	present	VERB
fsr-3420	371	4	here	here	ADV
fsr-3420	371	5	leave	leave	VERB
fsr-3420	371	6	the	the	DET
fsr-3420	371	7	desired	desire	VERB
fsr-3420	371	8	remainder	remainder	NOUN
fsr-3420	371	9	in	in	ADP
fsr-3420	371	10	the	the	DET
fsr-3420	371	11	account	account	NOUN
fsr-3420	371	12	,	,	PUNCT
fsr-3420	371	13	yes	yes	INTJ
fsr-3420	371	14	,	,	PUNCT
fsr-3420	371	15	but	but	CCONJ
fsr-3420	371	16	at	at	ADP
fsr-3420	371	17	the	the	DET
fsr-3420	371	18	end	end	NOUN
fsr-3420	371	19	of	of	ADP
fsr-3420	371	20	the	the	DET
fsr-3420	371	21	planning	planning	NOUN
fsr-3420	371	22	horizon	horizon	NOUN
fsr-3420	371	23	,	,	PUNCT
fsr-3420	371	24	and	and	CCONJ
fsr-3420	371	25	they	they	PRON
fsr-3420	371	26	depend	depend	VERB
fsr-3420	371	27	crucially	crucially	ADV
fsr-3420	371	28	on	on	ADP
fsr-3420	371	29	the	the	DET
fsr-3420	371	30	length	length	NOUN
fsr-3420	371	31	of	of	ADP
fsr-3420	371	32	this	this	DET
fsr-3420	371	33	timespan	timespan	NOUN
fsr-3420	371	34	.	.	PUNCT
fsr-3420	372	1	emergencies	emergency	NOUN
fsr-3420	372	2	and	and	CCONJ
fsr-3420	372	3	unforeseen	unforeseen	ADJ
fsr-3420	372	4	expenditures	expenditure	NOUN
fsr-3420	372	5	can	can	AUX
fsr-3420	372	6	arise	arise	VERB
fsr-3420	372	7	at	at	ADP
fsr-3420	372	8	any	any	DET
fsr-3420	372	9	time	time	NOUN
fsr-3420	372	10	,	,	PUNCT
fsr-3420	372	11	and	and	CCONJ
fsr-3420	372	12	if	if	SCONJ
fsr-3420	372	13	they	they	PRON
fsr-3420	372	14	come	come	VERB
fsr-3420	372	15	up	up	ADP
fsr-3420	372	16	in	in	ADP
fsr-3420	372	17	the	the	DET
fsr-3420	372	18	first	first	ADJ
fsr-3420	372	19	few	few	ADJ
fsr-3420	372	20	years	year	NOUN
fsr-3420	372	21	of	of	ADP
fsr-3420	372	22	retirement	retirement	NOUN
fsr-3420	372	23	we	we	PRON
fsr-3420	372	24	would	would	AUX
fsr-3420	372	25	be	be	AUX
fsr-3420	372	26	“	"	PUNCT
fsr-3420	372	27	cashing	cash	VERB
fsr-3420	372	28	our	our	PRON
fsr-3420	372	29	bequest	bequest	NOUN
fsr-3420	372	30	early	early	ADV
fsr-3420	372	31	”	"	PUNCT
fsr-3420	372	32	to	to	PART
fsr-3420	372	33	deal	deal	VERB
fsr-3420	372	34	with	with	ADP
fsr-3420	372	35	them	they	PRON
fsr-3420	372	36	.	.	PUNCT
fsr-3420	373	1	this	this	PRON
fsr-3420	373	2	would	would	AUX
fsr-3420	373	3	render	render	VERB
fsr-3420	373	4	the	the	DET
fsr-3420	373	5	results	result	NOUN
fsr-3420	373	6	in	in	ADP
fsr-3420	373	7	this	this	DET
fsr-3420	373	8	section	section	NOUN
fsr-3420	373	9	inapplicable	inapplicable	ADJ
fsr-3420	373	10	by	by	ADP
fsr-3420	373	11	,	,	PUNCT
fsr-3420	373	12	in	in	ADP
fsr-3420	373	13	effect	effect	NOUN
fsr-3420	373	14	,	,	PUNCT
fsr-3420	373	15	shortening	shorten	VERB
fsr-3420	373	16	the	the	DET
fsr-3420	373	17	retirement	retirement	NOUN
fsr-3420	373	18	horizon	horizon	NOUN
fsr-3420	373	19	.	.	PUNCT
fsr-3420	374	1	still	still	ADV
fsr-3420	374	2	,	,	PUNCT
fsr-3420	374	3	by	by	ADP
fsr-3420	374	4	following	follow	VERB
fsr-3420	374	5	these	these	DET
fsr-3420	374	6	guidelines	guideline	NOUN
fsr-3420	374	7	an	an	DET
fsr-3420	374	8	investor	investor	NOUN
fsr-3420	374	9	will	will	AUX
fsr-3420	374	10	come	come	VERB
fsr-3420	374	11	progressively	progressively	ADV
fsr-3420	374	12	closer	close	ADJ
fsr-3420	374	13	to	to	ADP
fsr-3420	374	14	having	have	VERB
fsr-3420	374	15	a	a	DET
fsr-3420	374	16	freedisposition	freedisposition	NOUN
fsr-3420	374	17	fund	fund	NOUN
fsr-3420	374	18	available	available	ADJ
fsr-3420	374	19	—	—	PUNCT
fsr-3420	374	20	if	if	SCONJ
fsr-3420	374	21	she	she	PRON
fsr-3420	374	22	manages	manage	VERB
fsr-3420	374	23	to	to	PART
fsr-3420	374	24	navigate	navigate	VERB
fsr-3420	374	25	a	a	DET
fsr-3420	374	26	number	number	NOUN
fsr-3420	374	27	of	of	ADP
fsr-3420	374	28	years	year	NOUN
fsr-3420	374	29	in	in	ADP
fsr-3420	374	30	retirement	retirement	NOUN
fsr-3420	374	31	without	without	ADP
fsr-3420	374	32	major	major	ADJ
fsr-3420	374	33	mishaps	mishap	NOUN
fsr-3420	374	34	.	.	PUNCT
fsr-3420	375	1	the	the	DET
fsr-3420	375	2	next	next	ADJ
fsr-3420	375	3	chart	chart	NOUN
fsr-3420	375	4	presents	present	VERB
fsr-3420	375	5	the	the	DET
fsr-3420	375	6	results	result	NOUN
fsr-3420	375	7	for	for	ADP
fsr-3420	375	8	bequest	bequ	ADJ
fsr-3420	375	9	goals	goal	NOUN
fsr-3420	375	10	of	of	ADP
fsr-3420	375	11	50	50	NUM
fsr-3420	375	12	%	%	NOUN
fsr-3420	375	13	and	and	CCONJ
fsr-3420	375	14	100	100	NUM
fsr-3420	375	15	%	%	NOUN
fsr-3420	375	16	of	of	ADP
fsr-3420	375	17	the	the	DET
fsr-3420	375	18	starting	start	VERB
fsr-3420	375	19	balance	balance	NOUN
fsr-3420	375	20	.	.	PUNCT
fsr-3420	376	1	the	the	DET
fsr-3420	376	2	results	result	NOUN
fsr-3420	376	3	for	for	ADP
fsr-3420	376	4	all	all	DET
fsr-3420	376	5	the	the	DET
fsr-3420	376	6	bequest	bequest	NOUN
fsr-3420	376	7	-	-	PUNCT
fsr-3420	376	8	goal	goal	NOUN
fsr-3420	376	9	levels	level	NOUN
fsr-3420	376	10	considered	consider	VERB
fsr-3420	376	11	are	be	AUX
fsr-3420	376	12	presented	present	VERB
fsr-3420	376	13	at	at	ADP
fsr-3420	376	14	the	the	DET
fsr-3420	376	15	end	end	NOUN
fsr-3420	376	16	of	of	ADP
fsr-3420	376	17	this	this	DET
fsr-3420	376	18	section	section	NOUN
fsr-3420	376	19	.	.	PUNCT
fsr-3420	377	1	with	with	ADP
fsr-3420	377	2	these	these	DET
fsr-3420	377	3	two	two	NUM
fsr-3420	377	4	bequest	bequest	NOUN
fsr-3420	377	5	-	-	PUNCT
fsr-3420	377	6	goal	goal	NOUN
fsr-3420	377	7	levels	level	NOUN
fsr-3420	377	8	we	we	PRON
fsr-3420	377	9	may	may	AUX
fsr-3420	377	10	be	be	AUX
fsr-3420	377	11	moving	move	VERB
fsr-3420	377	12	into	into	ADP
fsr-3420	377	13	unrealistic	unrealistic	ADJ
fsr-3420	377	14	territory	territory	NOUN
fsr-3420	377	15	,	,	PUNCT
fsr-3420	377	16	as	as	SCONJ
fsr-3420	377	17	perhaps	perhaps	ADV
fsr-3420	377	18	very	very	ADV
fsr-3420	377	19	few	few	ADJ
fsr-3420	377	20	people	people	NOUN
fsr-3420	377	21	will	will	AUX
fsr-3420	377	22	want	want	VERB
fsr-3420	377	23	to	to	PART
fsr-3420	377	24	leave	leave	VERB
fsr-3420	377	25	behind	behind	ADP
fsr-3420	377	26	50	50	NUM
fsr-3420	377	27	%	%	NOUN
fsr-3420	377	28	of	of	ADP
fsr-3420	377	29	their	their	PRON
fsr-3420	377	30	starting	start	VERB
fsr-3420	377	31	balance	balance	NOUN
fsr-3420	377	32	(	(	PUNCT
fsr-3420	377	33	let	let	VERB
fsr-3420	377	34	alone	alone	ADV
fsr-3420	377	35	100	100	NUM
fsr-3420	377	36	%	%	NOUN
fsr-3420	377	37	)	)	PUNCT
fsr-3420	377	38	when	when	SCONJ
fsr-3420	377	39	they	they	PRON
fsr-3420	377	40	could	could	AUX
fsr-3420	377	41	have	have	AUX
fsr-3420	377	42	used	use	VERB
fsr-3420	377	43	it	it	PRON
fsr-3420	377	44	for	for	ADP
fsr-3420	377	45	consumption	consumption	NOUN
fsr-3420	377	46	during	during	ADP
fsr-3420	377	47	retirement	retirement	NOUN
fsr-3420	377	48	.	.	PUNCT
fsr-3420	378	1	but	but	CCONJ
fsr-3420	378	2	50	50	NUM
fsr-3420	378	3	%	%	NOUN
fsr-3420	378	4	is	be	AUX
fsr-3420	378	5	psychologically	psychologically	ADV
fsr-3420	378	6	appealing	appealing	ADJ
fsr-3420	378	7	(	(	PUNCT
fsr-3420	378	8	the	the	DET
fsr-3420	378	9	“	"	PUNCT
fsr-3420	378	10	half	half	NOUN
fsr-3420	378	11	for	for	ADP
fsr-3420	378	12	me	i	PRON
fsr-3420	378	13	,	,	PUNCT
fsr-3420	378	14	half	half	NOUN
fsr-3420	378	15	for	for	ADP
fsr-3420	378	16	the	the	DET
fsr-3420	378	17	kids	kid	NOUN
fsr-3420	378	18	”	"	PUNCT
fsr-3420	378	19	approach	approach	NOUN
fsr-3420	378	20	)	)	PUNCT
fsr-3420	378	21	,	,	PUNCT
fsr-3420	378	22	whereas	whereas	SCONJ
fsr-3420	378	23	there	there	PRON
fsr-3420	378	24	is	be	VERB
fsr-3420	378	25	something	something	PRON
fsr-3420	378	26	very	very	ADV
fsr-3420	378	27	realistic	realistic	ADJ
fsr-3420	378	28	about	about	ADP
fsr-3420	378	29	the	the	DET
fsr-3420	378	30	100	100	NUM
fsr-3420	378	31	%	%	NOUN
fsr-3420	378	32	bequest	bequest	NOUN
fsr-3420	378	33	goal	goal	NOUN
fsr-3420	378	34	:	:	PUNCT
fsr-3420	378	35	endowment	endowment	NOUN
fsr-3420	378	36	funds	fund	NOUN
fsr-3420	378	37	.	.	PUNCT
fsr-3420	379	1	an	an	DET
fsr-3420	379	2	institutional	institutional	ADJ
fsr-3420	379	3	endowment	endowment	NOUN
fsr-3420	379	4	fund	fund	NOUN
fsr-3420	379	5	is	be	AUX
fsr-3420	379	6	,	,	PUNCT
fsr-3420	379	7	essentially	essentially	ADV
fsr-3420	379	8	,	,	PUNCT
fsr-3420	379	9	a	a	DET
fsr-3420	379	10	retirement	retirement	NOUN
fsr-3420	379	11	investment	investment	NOUN
fsr-3420	379	12	account	account	NOUN
fsr-3420	379	13	that	that	PRON
fsr-3420	379	14	must	must	AUX
fsr-3420	379	15	last	last	VERB
fsr-3420	379	16	forever	forever	ADV
fsr-3420	379	17	.	.	PUNCT
fsr-3420	380	1	the	the	DET
fsr-3420	380	2	“	"	PUNCT
fsr-3420	380	3	infinitely	infinitely	ADV
fsr-3420	380	4	-	-	PUNCT
fsr-3420	380	5	lived	live	VERB
fsr-3420	380	6	retiree	retiree	NOUN
fsr-3420	380	7	”	"	PUNCT
fsr-3420	380	8	(	(	PUNCT
fsr-3420	380	9	the	the	DET
fsr-3420	380	10	institution	institution	NOUN
fsr-3420	380	11	)	)	PUNCT
fsr-3420	380	12	is	be	AUX
fsr-3420	380	13	interested	interested	ADJ
fsr-3420	380	14	in	in	ADP
fsr-3420	380	15	withdrawal	withdrawal	NOUN
fsr-3420	380	16	strategies	strategy	NOUN
fsr-3420	380	17	that	that	PRON
fsr-3420	380	18	provide	provide	VERB
fsr-3420	380	19	a	a	DET
fsr-3420	380	20	relatively	relatively	ADV
fsr-3420	380	21	stable	stable	ADJ
fsr-3420	380	22	flow	flow	NOUN
fsr-3420	380	23	of	of	ADP
fsr-3420	380	24	funds	fund	NOUN
fsr-3420	380	25	,	,	PUNCT
fsr-3420	380	26	but	but	CCONJ
fsr-3420	380	27	leave	leave	VERB
fsr-3420	380	28	the	the	DET
fsr-3420	380	29	principal	principal	ADJ
fsr-3420	380	30	value	value	NOUN
fsr-3420	380	31	unchanged	unchanged	ADJ
fsr-3420	380	32	in	in	ADP
fsr-3420	380	33	the	the	DET
fsr-3420	380	34	long	long	ADJ
fsr-3420	380	35	run	run	NOUN
fsr-3420	380	36	,	,	PUNCT
fsr-3420	380	37	so	so	SCONJ
fsr-3420	380	38	that	that	SCONJ
fsr-3420	380	39	the	the	DET
fsr-3420	380	40	withdrawing	withdraw	VERB
fsr-3420	380	41	process	process	NOUN
fsr-3420	380	42	can	can	AUX
fsr-3420	380	43	go	go	VERB
fsr-3420	380	44	on	on	ADP
fsr-3420	380	45	indefinitely	indefinitely	ADV
fsr-3420	380	46	.	.	PUNCT
fsr-3420	381	1	this	this	PRON
fsr-3420	381	2	is	be	AUX
fsr-3420	381	3	similar	similar	ADJ
fsr-3420	381	4	to	to	ADP
fsr-3420	381	5	leaving	leave	VERB
fsr-3420	381	6	a	a	DET
fsr-3420	381	7	bequest	bequest	NOUN
fsr-3420	381	8	of	of	ADP
fsr-3420	381	9	100	100	NUM
fsr-3420	381	10	%	%	NOUN
fsr-3420	381	11	after	after	ADP
fsr-3420	381	12	a	a	DET
fsr-3420	381	13	number	number	NOUN
fsr-3420	381	14	of	of	ADP
fsr-3420	381	15	years	year	NOUN
fsr-3420	381	16	,	,	PUNCT
fsr-3420	381	17	so	so	SCONJ
fsr-3420	381	18	we	we	PRON
fsr-3420	381	19	comment	comment	VERB
fsr-3420	381	20	on	on	ADP
fsr-3420	381	21	the	the	DET
fsr-3420	381	22	results	result	NOUN
fsr-3420	381	23	for	for	ADP
fsr-3420	381	24	this	this	DET
fsr-3420	381	25	specification	specification	NOUN
fsr-3420	381	26	at	at	ADP
fsr-3420	381	27	some	some	DET
fsr-3420	381	28	length	length	NOUN
fsr-3420	381	29	below	below	ADV
fsr-3420	381	30	.	.	PUNCT
fsr-3420	382	1	as	as	ADP
fsr-3420	382	2	with	with	ADP
fsr-3420	382	3	the	the	DET
fsr-3420	382	4	smaller	small	ADJ
fsr-3420	382	5	bequest	bequ	ADJ
fsr-3420	382	6	goal	goal	NOUN
fsr-3420	382	7	levels	level	NOUN
fsr-3420	382	8	shown	show	VERB
fsr-3420	382	9	in	in	ADP
fsr-3420	382	10	fig	fig	NOUN
fsr-3420	382	11	.	.	PUNCT
fsr-3420	383	1	15	15	NUM
fsr-3420	383	2	,	,	PUNCT
fsr-3420	383	3	in	in	ADP
fsr-3420	383	4	fig	fig	NOUN
fsr-3420	383	5	.	.	PUNCT
fsr-3420	384	1	16	16	NUM
fsr-3420	384	2	we	we	PRON
fsr-3420	384	3	find	find	VERB
fsr-3420	384	4	it	it	PRON
fsr-3420	384	5	remarkable	remarkable	ADJ
fsr-3420	384	6	that	that	SCONJ
fsr-3420	384	7	the	the	DET
fsr-3420	384	8	lines	line	NOUN
fsr-3420	384	9	in	in	ADP
fsr-3420	384	10	the	the	DET
fsr-3420	384	11	chart	chart	NOUN
fsr-3420	384	12	are	be	AUX
fsr-3420	384	13	not	not	PART
fsr-3420	384	14	further	far	ADV
fsr-3420	384	15	apart	apart	ADV
fsr-3420	384	16	,	,	PUNCT
fsr-3420	384	17	even	even	ADV
fsr-3420	384	18	though	though	SCONJ
fsr-3420	384	19	we	we	PRON
fsr-3420	384	20	are	be	AUX
fsr-3420	384	21	now	now	ADV
fsr-3420	384	22	dealing	deal	VERB
fsr-3420	384	23	with	with	ADP
fsr-3420	384	24	very	very	ADV
fsr-3420	384	25	ambitious	ambitious	ADJ
fsr-3420	384	26	bequest	bequest	NOUN
fsr-3420	384	27	intentions	intention	NOUN
fsr-3420	384	28	.	.	PUNCT
fsr-3420	385	1	to	to	PART
fsr-3420	385	2	leave	leave	VERB
fsr-3420	385	3	behind	behind	ADP
fsr-3420	385	4	a	a	DET
fsr-3420	385	5	full	full	ADJ
fsr-3420	385	6	50	50	NUM
fsr-3420	385	7	%	%	NOUN
fsr-3420	385	8	of	of	ADP
fsr-3420	385	9	the	the	DET
fsr-3420	385	10	starting	starting	NOUN
fsr-3420	385	11	balance	balance	NOUN
fsr-3420	385	12	as	as	ADP
fsr-3420	385	13	departure	departure	NOUN
fsr-3420	385	14	gift	gift	NOUN
fsr-3420	385	15	,	,	PUNCT
fsr-3420	385	16	there	there	PRON
fsr-3420	385	17	have	have	AUX
fsr-3420	385	18	been	be	AUX
fsr-3420	385	19	periods	period	NOUN
fsr-3420	385	20	when	when	SCONJ
fsr-3420	385	21	the	the	DET
fsr-3420	385	22	retiree	retiree	NOUN
fsr-3420	385	23	only	only	ADV
fsr-3420	385	24	had	have	VERB
fsr-3420	385	25	to	to	PART
fsr-3420	385	26	decrease	decrease	VERB
fsr-3420	385	27	her	her	PRON
fsr-3420	385	28	withdrawal	withdrawal	NOUN
fsr-3420	385	29	rate	rate	NOUN
fsr-3420	385	30	by	by	ADP
fsr-3420	385	31	0.2	0.2	NUM
fsr-3420	385	32	percentage	percentage	NOUN
fsr-3420	385	33	points	point	NOUN
fsr-3420	385	34	.	.	PUNCT
fsr-3420	386	1	for	for	ADP
fsr-3420	386	2	the	the	DET
fsr-3420	386	3	period	period	NOUN
fsr-3420	386	4	beginning	begin	VERB
fsr-3420	386	5	in	in	ADP
fsr-3420	386	6	june	june	PROPN
fsr-3420	386	7	1935	1935	NUM
fsr-3420	386	8	,	,	PUNCT
fsr-3420	386	9	for	for	ADP
fsr-3420	386	10	example	example	NOUN
fsr-3420	386	11	,	,	PUNCT
fsr-3420	386	12	the	the	DET
fsr-3420	386	13	pwr	pwr	NOUN
fsr-3420	386	14	for	for	ADP
fsr-3420	386	15	zero	zero	NUM
fsr-3420	386	16	bequest	bequest	NOUN
fsr-3420	386	17	was	be	AUX
fsr-3420	386	18	8.0	8.0	NUM
fsr-3420	386	19	%	%	NOUN
fsr-3420	386	20	and	and	CCONJ
fsr-3420	386	21	the	the	DET
fsr-3420	386	22	pwr	pwr	NOUN
fsr-3420	386	23	for	for	ADP
fsr-3420	386	24	50	50	NUM
fsr-3420	386	25	%	%	NOUN
fsr-3420	386	26	bequest	bequest	NOUN
fsr-3420	386	27	was	be	AUX
fsr-3420	386	28	7.8	7.8	NUM
fsr-3420	386	29	%	%	NOUN
fsr-3420	386	30	.	.	PUNCT
fsr-3420	387	1	of	of	ADP
fsr-3420	387	2	course	course	NOUN
fsr-3420	387	3	,	,	PUNCT
fsr-3420	387	4	in	in	ADP
fsr-3420	387	5	some	some	DET
fsr-3420	387	6	other	other	ADJ
fsr-3420	387	7	periods	period	NOUN
fsr-3420	387	8	the	the	DET
fsr-3420	387	9	half	half	ADJ
fsr-3420	387	10	-	-	PUNCT
fsr-3420	387	11	and	and	CCONJ
fsr-3420	387	12	-	-	PUNCT
fsr-3420	387	13	half	half	NOUN
fsr-3420	387	14	approach	approach	NOUN
fsr-3420	387	15	has	have	AUX
fsr-3420	387	16	been	be	AUX
fsr-3420	387	17	a	a	DET
fsr-3420	387	18	much	much	ADV
fsr-3420	387	19	more	more	ADV
fsr-3420	387	20	costly	costly	ADJ
fsr-3420	387	21	endeavor	endeavor	NOUN
fsr-3420	387	22	.	.	PUNCT
fsr-3420	388	1	for	for	ADP
fsr-3420	388	2	the	the	DET
fsr-3420	388	3	period	period	NOUN
fsr-3420	388	4	beginning	begin	VERB
fsr-3420	388	5	in	in	ADP
fsr-3420	388	6	august	august	PROPN
fsr-3420	388	7	1952	1952	NUM
fsr-3420	388	8	(	(	PUNCT
fsr-3420	388	9	a	a	DET
fsr-3420	388	10	peculiar	peculiar	ADJ
fsr-3420	388	11	period	period	NOUN
fsr-3420	388	12	that	that	PRON
fsr-3420	388	13	we	we	PRON
fsr-3420	388	14	have	have	AUX
fsr-3420	388	15	already	already	ADV
fsr-3420	388	16	singled	single	VERB
fsr-3420	388	17	out	out	ADP
fsr-3420	388	18	)	)	PUNCT
fsr-3420	388	19	the	the	DET
fsr-3420	388	20	pwr	pwr	NOUN
fsr-3420	388	21	with	with	ADP
fsr-3420	388	22	no	no	DET
fsr-3420	388	23	e.d	e.d	PROPN
fsr-3420	388	24	.	.	PROPN
fsr-3420	388	25	suarez	suarez	PROPN
fsr-3420	388	26	/	/	SYM
fsr-3420	388	27	financial	financial	ADJ
fsr-3420	388	28	services	service	NOUN
fsr-3420	388	29	review	review	VERB
fsr-3420	388	30	28	28	NUM
fsr-3420	388	31	(	(	PUNCT
fsr-3420	388	32	2020	2020	NUM
fsr-3420	388	33	)	)	PUNCT
fsr-3420	389	1	96–132	96–132	NUM
fsr-3420	389	2	117	117	NUM
fsr-3420	389	3	bequest	bequest	NOUN
fsr-3420	389	4	was	be	AUX
fsr-3420	389	5	10.0	10.0	NUM
fsr-3420	389	6	%	%	NOUN
fsr-3420	389	7	,	,	PUNCT
fsr-3420	389	8	while	while	SCONJ
fsr-3420	389	9	for	for	ADP
fsr-3420	389	10	the	the	DET
fsr-3420	389	11	50	50	NUM
fsr-3420	389	12	%	%	NOUN
fsr-3420	389	13	bequest	bequ	ADJ
fsr-3420	389	14	goal	goal	NOUN
fsr-3420	389	15	the	the	DET
fsr-3420	389	16	pwr	pwr	NOUN
fsr-3420	389	17	was	be	AUX
fsr-3420	389	18	8.7%—a	8.7%—a	PROPN
fsr-3420	389	19	1.3	1.3	NUM
fsr-3420	389	20	-	-	PUNCT
fsr-3420	389	21	point	point	NOUN
fsr-3420	389	22	difference	difference	NOUN
fsr-3420	389	23	.	.	PUNCT
fsr-3420	390	1	the	the	DET
fsr-3420	390	2	median	median	ADJ
fsr-3420	390	3	reduction	reduction	NOUN
fsr-3420	390	4	in	in	ADP
fsr-3420	390	5	the	the	DET
fsr-3420	390	6	pwr	pwr	NOUN
fsr-3420	390	7	,	,	PUNCT
fsr-3420	390	8	when	when	SCONJ
fsr-3420	390	9	going	go	VERB
fsr-3420	390	10	from	from	ADP
fsr-3420	390	11	zero	zero	NUM
fsr-3420	390	12	bequest	bequest	NOUN
fsr-3420	390	13	to	to	ADP
fsr-3420	390	14	50	50	NUM
fsr-3420	390	15	%	%	NOUN
fsr-3420	390	16	bequest	bequest	NOUN
fsr-3420	390	17	,	,	PUNCT
fsr-3420	390	18	was	be	AUX
fsr-3420	390	19	just	just	ADV
fsr-3420	390	20	0.4	0.4	NUM
fsr-3420	390	21	points	point	NOUN
fsr-3420	390	22	.	.	PUNCT
fsr-3420	391	1	the	the	DET
fsr-3420	391	2	variation	variation	NOUN
fsr-3420	391	3	in	in	ADP
fsr-3420	391	4	the	the	DET
fsr-3420	391	5	pwa	pwa	PROPN
fsr-3420	391	6	,	,	PUNCT
fsr-3420	391	7	when	when	SCONJ
fsr-3420	391	8	moving	move	VERB
fsr-3420	391	9	from	from	ADP
fsr-3420	391	10	a	a	DET
fsr-3420	391	11	zero	zero	NUM
fsr-3420	391	12	-	-	PUNCT
fsr-3420	391	13	bequest	bequ	ADJ
fsr-3420	391	14	goal	goal	NOUN
fsr-3420	391	15	to	to	ADP
fsr-3420	391	16	a	a	DET
fsr-3420	391	17	50	50	NUM
fsr-3420	391	18	%	%	NOUN
fsr-3420	391	19	bequest	bequest	NOUN
fsr-3420	391	20	goal	goal	NOUN
fsr-3420	391	21	,	,	PUNCT
fsr-3420	391	22	was	be	AUX
fsr-3420	391	23	also	also	ADV
fsr-3420	391	24	rather	rather	ADV
fsr-3420	391	25	small	small	ADJ
fsr-3420	391	26	.	.	PUNCT
fsr-3420	392	1	the	the	DET
fsr-3420	392	2	maximum	maximum	ADJ
fsr-3420	392	3	decrease	decrease	NOUN
fsr-3420	392	4	in	in	ADP
fsr-3420	392	5	the	the	DET
fsr-3420	392	6	withdrawal	withdrawal	NOUN
fsr-3420	392	7	amount	amount	NOUN
fsr-3420	392	8	was	be	AUX
fsr-3420	392	9	14.9	14.9	NUM
fsr-3420	392	10	%	%	NOUN
fsr-3420	392	11	,	,	PUNCT
fsr-3420	392	12	and	and	CCONJ
fsr-3420	392	13	the	the	DET
fsr-3420	392	14	minimum	minimum	NOUN
fsr-3420	392	15	was	be	AUX
fsr-3420	392	16	1.8	1.8	NUM
fsr-3420	392	17	%	%	NOUN
fsr-3420	392	18	.	.	PUNCT
fsr-3420	393	1	the	the	DET
fsr-3420	393	2	median	median	ADJ
fsr-3420	393	3	variation	variation	NOUN
fsr-3420	393	4	was	be	AUX
fsr-3420	393	5	�	�	PROPN
fsr-3420	393	6	6.2	6.2	NUM
fsr-3420	393	7	%	%	NOUN
fsr-3420	393	8	,	,	PUNCT
fsr-3420	393	9	which	which	PRON
fsr-3420	393	10	means	mean	VERB
fsr-3420	393	11	that	that	SCONJ
fsr-3420	393	12	,	,	PUNCT
fsr-3420	393	13	by	by	ADP
fsr-3420	393	14	reducing	reduce	VERB
fsr-3420	393	15	the	the	DET
fsr-3420	393	16	amount	amount	NOUN
fsr-3420	393	17	withdrawn	withdraw	VERB
fsr-3420	393	18	by	by	ADP
fsr-3420	393	19	only	only	ADV
fsr-3420	393	20	that	that	ADV
fsr-3420	393	21	much	much	ADJ
fsr-3420	393	22	,	,	PUNCT
fsr-3420	393	23	the	the	DET
fsr-3420	393	24	retiree	retiree	NOUN
fsr-3420	393	25	would	would	AUX
fsr-3420	393	26	have	have	AUX
fsr-3420	393	27	ended	end	VERB
fsr-3420	393	28	up	up	ADP
fsr-3420	393	29	with	with	ADP
fsr-3420	393	30	a	a	DET
fsr-3420	393	31	final	final	ADJ
fsr-3420	393	32	balance	balance	NOUN
fsr-3420	393	33	equal	equal	ADJ
fsr-3420	393	34	to	to	ADP
fsr-3420	393	35	50	50	NUM
fsr-3420	393	36	%	%	NOUN
fsr-3420	393	37	or	or	CCONJ
fsr-3420	393	38	more	more	ADJ
fsr-3420	393	39	of	of	ADP
fsr-3420	393	40	the	the	DET
fsr-3420	393	41	starting	start	VERB
fsr-3420	393	42	balance	balance	NOUN
fsr-3420	393	43	in	in	ADP
fsr-3420	393	44	one	one	NUM
fsr-3420	393	45	half	half	NOUN
fsr-3420	393	46	of	of	ADP
fsr-3420	393	47	the	the	DET
fsr-3420	393	48	historical	historical	ADJ
fsr-3420	393	49	periods	period	NOUN
fsr-3420	393	50	covered	cover	VERB
fsr-3420	393	51	here	here	ADV
fsr-3420	393	52	—	—	PUNCT
fsr-3420	393	53	instead	instead	ADV
fsr-3420	393	54	of	of	ADP
fsr-3420	393	55	zero	zero	NUM
fsr-3420	393	56	dollars	dollar	NOUN
fsr-3420	393	57	at	at	ADP
fsr-3420	393	58	the	the	DET
fsr-3420	393	59	end	end	NOUN
fsr-3420	393	60	.	.	PUNCT
fsr-3420	394	1	as	as	ADP
fsr-3420	394	2	for	for	ADP
fsr-3420	394	3	the	the	DET
fsr-3420	394	4	100	100	NUM
fsr-3420	394	5	%	%	NOUN
fsr-3420	394	6	bequest	bequest	NOUN
fsr-3420	394	7	level	level	NOUN
fsr-3420	394	8	,	,	PUNCT
fsr-3420	394	9	the	the	DET
fsr-3420	394	10	necessary	necessary	ADJ
fsr-3420	394	11	decrease	decrease	NOUN
fsr-3420	394	12	in	in	ADP
fsr-3420	394	13	the	the	DET
fsr-3420	394	14	pwr	pwr	NOUN
fsr-3420	394	15	to	to	PART
fsr-3420	394	16	achieve	achieve	VERB
fsr-3420	394	17	this	this	DET
fsr-3420	394	18	goal	goal	NOUN
fsr-3420	394	19	ranged	range	VERB
fsr-3420	394	20	from	from	ADP
fsr-3420	394	21	0.4	0.4	NUM
fsr-3420	394	22	to	to	ADP
fsr-3420	394	23	2.6	2.6	NUM
fsr-3420	394	24	points	point	NOUN
fsr-3420	394	25	with	with	ADP
fsr-3420	394	26	respect	respect	NOUN
fsr-3420	394	27	to	to	ADP
fsr-3420	394	28	the	the	DET
fsr-3420	394	29	standard	standard	ADJ
fsr-3420	394	30	scenario	scenario	NOUN
fsr-3420	394	31	,	,	PUNCT
fsr-3420	394	32	with	with	ADP
fsr-3420	394	33	a	a	DET
fsr-3420	394	34	median	median	NOUN
fsr-3420	394	35	of	of	ADP
fsr-3420	394	36	�	�	PROPN
fsr-3420	394	37	0.9	0.9	NUM
fsr-3420	394	38	points	point	NOUN
fsr-3420	394	39	.	.	PUNCT
fsr-3420	395	1	the	the	DET
fsr-3420	395	2	pwa	pwa	PROPN
fsr-3420	395	3	variation	variation	NOUN
fsr-3420	395	4	,	,	PUNCT
fsr-3420	395	5	in	in	ADP
fsr-3420	395	6	turn	turn	NOUN
fsr-3420	395	7	,	,	PUNCT
fsr-3420	395	8	was	be	AUX
fsr-3420	395	9	as	as	ADV
fsr-3420	395	10	large	large	ADJ
fsr-3420	395	11	as	as	ADP
fsr-3420	395	12	�	�	NOUN
fsr-3420	395	13	29.8	29.8	NUM
fsr-3420	395	14	%	%	NOUN
fsr-3420	395	15	in	in	ADP
fsr-3420	395	16	some	some	DET
fsr-3420	395	17	periods	period	NOUN
fsr-3420	395	18	,	,	PUNCT
fsr-3420	395	19	and	and	CCONJ
fsr-3420	395	20	as	as	ADV
fsr-3420	395	21	small	small	ADJ
fsr-3420	395	22	as	as	ADP
fsr-3420	395	23	�	�	NOUN
fsr-3420	395	24	3.5	3.5	NUM
fsr-3420	395	25	%	%	NOUN
fsr-3420	395	26	in	in	ADP
fsr-3420	395	27	others	other	NOUN
fsr-3420	395	28	.	.	PUNCT
fsr-3420	396	1	not	not	PART
fsr-3420	396	2	surprisingly	surprisingly	ADV
fsr-3420	396	3	,	,	PUNCT
fsr-3420	396	4	these	these	DET
fsr-3420	396	5	extreme	extreme	ADJ
fsr-3420	396	6	values	value	NOUN
fsr-3420	396	7	correspond	correspond	VERB
fsr-3420	396	8	to	to	ADP
fsr-3420	396	9	retirement	retirement	NOUN
fsr-3420	396	10	periods	period	NOUN
fsr-3420	396	11	for	for	ADP
fsr-3420	396	12	which	which	PRON
fsr-3420	396	13	the	the	DET
fsr-3420	396	14	average	average	ADJ
fsr-3420	396	15	rate	rate	NOUN
fsr-3420	396	16	of	of	ADP
fsr-3420	396	17	return	return	NOUN
fsr-3420	396	18	was	be	AUX
fsr-3420	396	19	also	also	ADV
fsr-3420	396	20	close	close	ADJ
fsr-3420	396	21	to	to	ADP
fsr-3420	396	22	the	the	DET
fsr-3420	396	23	endpoints	endpoint	NOUN
fsr-3420	396	24	of	of	ADP
fsr-3420	396	25	its	its	PRON
fsr-3420	396	26	own	own	ADJ
fsr-3420	396	27	range	range	NOUN
fsr-3420	396	28	.	.	PUNCT
fsr-3420	397	1	the	the	DET
fsr-3420	397	2	smallest	small	ADJ
fsr-3420	397	3	required	require	VERB
fsr-3420	397	4	decrease	decrease	NOUN
fsr-3420	397	5	in	in	ADP
fsr-3420	397	6	the	the	DET
fsr-3420	397	7	withdrawal	withdrawal	NOUN
fsr-3420	397	8	amount	amount	NOUN
fsr-3420	397	9	—	—	PUNCT
fsr-3420	397	10	to	to	PART
fsr-3420	397	11	leave	leave	VERB
fsr-3420	397	12	the	the	DET
fsr-3420	397	13	real	real	ADJ
fsr-3420	397	14	balance	balance	NOUN
fsr-3420	397	15	unchanged	unchanged	ADJ
fsr-3420	397	16	after	after	ADP
fsr-3420	397	17	30	30	NUM
fsr-3420	397	18	years	year	NOUN
fsr-3420	397	19	instead	instead	ADV
fsr-3420	397	20	of	of	ADP
fsr-3420	397	21	exhausting	exhaust	VERB
fsr-3420	397	22	it	it	PRON
fsr-3420	397	23	—	—	PUNCT
fsr-3420	397	24	occurs	occur	VERB
fsr-3420	397	25	in	in	ADP
fsr-3420	397	26	the	the	DET
fsr-3420	397	27	period	period	NOUN
fsr-3420	397	28	beginning	begin	VERB
fsr-3420	397	29	in	in	ADP
fsr-3420	397	30	june	june	PROPN
fsr-3420	397	31	1932	1932	NUM
fsr-3420	397	32	(	(	PUNCT
fsr-3420	397	33	11.8	11.8	NUM
fsr-3420	397	34	%	%	NOUN
fsr-3420	397	35	average	average	ADJ
fsr-3420	397	36	real	real	ADJ
fsr-3420	397	37	return	return	NOUN
fsr-3420	397	38	)	)	PUNCT
fsr-3420	397	39	;	;	PUNCT
fsr-3420	397	40	the	the	DET
fsr-3420	397	41	largest	large	ADJ
fsr-3420	397	42	,	,	PUNCT
fsr-3420	397	43	in	in	ADP
fsr-3420	397	44	october	october	PROPN
fsr-3420	397	45	1955	1955	NUM
fsr-3420	397	46	(	(	PUNCT
fsr-3420	397	47	4.1	4.1	NUM
fsr-3420	397	48	%	%	NOUN
fsr-3420	397	49	average	average	ADJ
fsr-3420	397	50	real	real	ADJ
fsr-3420	397	51	return	return	NOUN
fsr-3420	397	52	,	,	PUNCT
fsr-3420	397	53	lowest	low	ADJ
fsr-3420	397	54	ever	ever	ADV
fsr-3420	397	55	,	,	PUNCT
fsr-3420	397	56	see	see	VERB
fsr-3420	397	57	fig	fig	NOUN
fsr-3420	397	58	.	.	PUNCT
fsr-3420	398	1	1	1	NUM
fsr-3420	398	2	)	)	PUNCT
fsr-3420	398	3	.	.	PUNCT
fsr-3420	399	1	the	the	DET
fsr-3420	399	2	median	median	PROPN
fsr-3420	399	3	pwa	pwa	PROPN
fsr-3420	399	4	variation	variation	NOUN
fsr-3420	399	5	was	be	AUX
fsr-3420	399	6	�	�	PROPN
fsr-3420	399	7	12.4	12.4	NUM
fsr-3420	399	8	%	%	NOUN
fsr-3420	399	9	.	.	PUNCT
fsr-3420	400	1	it	it	PRON
fsr-3420	400	2	could	could	AUX
fsr-3420	400	3	even	even	ADV
fsr-3420	400	4	be	be	AUX
fsr-3420	400	5	argued	argue	VERB
fsr-3420	400	6	that	that	SCONJ
fsr-3420	400	7	the	the	DET
fsr-3420	400	8	inclusion	inclusion	NOUN
fsr-3420	400	9	of	of	ADP
fsr-3420	400	10	a	a	DET
fsr-3420	400	11	high	high	ADJ
fsr-3420	400	12	bequest	bequest	NOUN
fsr-3420	400	13	goal	goal	NOUN
fsr-3420	400	14	should	should	AUX
fsr-3420	400	15	be	be	AUX
fsr-3420	400	16	the	the	DET
fsr-3420	400	17	hallmark	hallmark	NOUN
fsr-3420	400	18	of	of	ADP
fsr-3420	400	19	a	a	DET
fsr-3420	400	20	safe	safe	ADJ
fsr-3420	400	21	retirement	retirement	NOUN
fsr-3420	400	22	plan	plan	NOUN
fsr-3420	400	23	.	.	PUNCT
fsr-3420	401	1	the	the	DET
fsr-3420	401	2	4	4	NUM
fsr-3420	401	3	%	%	NOUN
fsr-3420	401	4	rule	rule	NOUN
fsr-3420	401	5	,	,	PUNCT
fsr-3420	401	6	for	for	ADP
fsr-3420	401	7	example	example	NOUN
fsr-3420	401	8	,	,	PUNCT
fsr-3420	401	9	is	be	AUX
fsr-3420	401	10	considered	consider	VERB
fsr-3420	401	11	a	a	DET
fsr-3420	401	12	safe	safe	ADJ
fsr-3420	401	13	strategy	strategy	NOUN
fsr-3420	401	14	because	because	SCONJ
fsr-3420	401	15	fig	fig	NOUN
fsr-3420	401	16	.	.	PUNCT
fsr-3420	402	1	16	16	NUM
fsr-3420	402	2	.	.	X
fsr-3420	402	3	pwr	pwr	NOUN
fsr-3420	402	4	for	for	ADP
fsr-3420	402	5	standard	standard	ADJ
fsr-3420	402	6	scenario	scenario	NOUN
fsr-3420	402	7	(	(	PUNCT
fsr-3420	402	8	no	no	DET
fsr-3420	402	9	bequest	bequest	NOUN
fsr-3420	402	10	)	)	PUNCT
fsr-3420	402	11	versus	versus	ADP
fsr-3420	402	12	50	50	NUM
fsr-3420	402	13	%	%	NOUN
fsr-3420	402	14	bequest	bequest	NOUN
fsr-3420	402	15	and	and	CCONJ
fsr-3420	402	16	100	100	NUM
fsr-3420	402	17	%	%	NOUN
fsr-3420	402	18	bequest	bequest	NOUN
fsr-3420	402	19	.	.	PUNCT
fsr-3420	403	1	118	118	NUM
fsr-3420	403	2	e.d	e.d	PROPN
fsr-3420	403	3	.	.	PROPN
fsr-3420	403	4	suarez	suarez	PROPN
fsr-3420	403	5	/	/	SYM
fsr-3420	403	6	financial	financial	ADJ
fsr-3420	403	7	services	service	NOUN
fsr-3420	403	8	review	review	VERB
fsr-3420	403	9	28	28	NUM
fsr-3420	403	10	(	(	PUNCT
fsr-3420	403	11	2020	2020	NUM
fsr-3420	403	12	)	)	PUNCT
fsr-3420	404	1	96–132	96–132	NUM
fsr-3420	404	2	it	it	PRON
fsr-3420	404	3	lowers	lower	VERB
fsr-3420	404	4	the	the	DET
fsr-3420	404	5	probability	probability	NOUN
fsr-3420	404	6	of	of	ADP
fsr-3420	404	7	“	"	PUNCT
fsr-3420	404	8	failing	fail	VERB
fsr-3420	404	9	,	,	PUNCT
fsr-3420	404	10	”	"	PUNCT
fsr-3420	404	11	but	but	CCONJ
fsr-3420	404	12	it	it	PRON
fsr-3420	404	13	defines	define	VERB
fsr-3420	404	14	failure	failure	NOUN
fsr-3420	404	15	as	as	ADP
fsr-3420	404	16	running	run	VERB
fsr-3420	404	17	out	out	ADP
fsr-3420	404	18	of	of	ADP
fsr-3420	404	19	funds	fund	NOUN
fsr-3420	404	20	altogether	altogether	ADV
fsr-3420	404	21	!	!	PUNCT
fsr-3420	405	1	even	even	ADV
fsr-3420	405	2	in	in	ADP
fsr-3420	405	3	the	the	DET
fsr-3420	405	4	presence	presence	NOUN
fsr-3420	405	5	of	of	ADP
fsr-3420	405	6	other	other	ADJ
fsr-3420	405	7	sources	source	NOUN
fsr-3420	405	8	of	of	ADP
fsr-3420	405	9	income	income	NOUN
fsr-3420	405	10	,	,	PUNCT
fsr-3420	405	11	would	would	AUX
fsr-3420	405	12	it	it	PRON
fsr-3420	405	13	not	not	PART
fsr-3420	405	14	be	be	AUX
fsr-3420	405	15	more	more	ADV
fsr-3420	405	16	prudent	prudent	ADJ
fsr-3420	405	17	to	to	PART
fsr-3420	405	18	plan	plan	VERB
fsr-3420	405	19	so	so	SCONJ
fsr-3420	405	20	that	that	SCONJ
fsr-3420	405	21	the	the	DET
fsr-3420	405	22	worst	bad	ADJ
fsr-3420	405	23	-	-	PUNCT
fsr-3420	405	24	case	case	NOUN
fsr-3420	405	25	scenario	scenario	NOUN
fsr-3420	405	26	—	—	PUNCT
fsr-3420	405	27	or	or	CCONJ
fsr-3420	405	28	at	at	ADP
fsr-3420	405	29	least	least	ADJ
fsr-3420	405	30	the	the	DET
fsr-3420	405	31	most	most	ADV
fsr-3420	405	32	unlikely	unlikely	ADJ
fsr-3420	405	33	ones	one	NOUN
fsr-3420	405	34	—	—	PUNCT
fsr-3420	405	35	still	still	ADV
fsr-3420	405	36	provides	provide	VERB
fsr-3420	405	37	means	mean	NOUN
fsr-3420	405	38	for	for	ADP
fsr-3420	405	39	sustenance	sustenance	NOUN
fsr-3420	405	40	,	,	PUNCT
fsr-3420	405	41	or	or	CCONJ
fsr-3420	405	42	some	some	DET
fsr-3420	405	43	amount	amount	NOUN
fsr-3420	405	44	of	of	ADP
fsr-3420	405	45	supplementary	supplementary	ADJ
fsr-3420	405	46	funds	fund	NOUN
fsr-3420	405	47	?	?	PUNCT
fsr-3420	406	1	a	a	DET
fsr-3420	406	2	promising	promising	ADJ
fsr-3420	406	3	idea	idea	NOUN
fsr-3420	406	4	would	would	AUX
fsr-3420	406	5	be	be	AUX
fsr-3420	406	6	to	to	PART
fsr-3420	406	7	develop	develop	VERB
fsr-3420	406	8	retirement	retirement	NOUN
fsr-3420	406	9	plans	plan	NOUN
fsr-3420	406	10	that	that	PRON
fsr-3420	406	11	,	,	PUNCT
fsr-3420	406	12	at	at	ADP
fsr-3420	406	13	the	the	DET
fsr-3420	406	14	outset	outset	NOUN
fsr-3420	406	15	,	,	PUNCT
fsr-3420	406	16	use	use	VERB
fsr-3420	406	17	a	a	DET
fsr-3420	406	18	very	very	ADV
fsr-3420	406	19	high	high	ADJ
fsr-3420	406	20	bequest	bequ	ADJ
fsr-3420	406	21	goal	goal	NOUN
fsr-3420	406	22	—	—	PUNCT
fsr-3420	406	23	perhaps	perhaps	ADV
fsr-3420	406	24	100	100	NUM
fsr-3420	406	25	%	%	NOUN
fsr-3420	406	26	.	.	PUNCT
fsr-3420	407	1	this	this	DET
fsr-3420	407	2	feature	feature	NOUN
fsr-3420	407	3	would	would	AUX
fsr-3420	407	4	provide	provide	VERB
fsr-3420	407	5	the	the	DET
fsr-3420	407	6	plan	plan	NOUN
fsr-3420	407	7	with	with	ADP
fsr-3420	407	8	an	an	DET
fsr-3420	407	9	“	"	PUNCT
fsr-3420	407	10	embedded	embed	VERB
fsr-3420	407	11	safety	safety	NOUN
fsr-3420	407	12	”	"	PUNCT
fsr-3420	407	13	that	that	PRON
fsr-3420	407	14	would	would	AUX
fsr-3420	407	15	support	support	VERB
fsr-3420	407	16	the	the	DET
fsr-3420	407	17	selection	selection	NOUN
fsr-3420	407	18	of	of	ADP
fsr-3420	407	19	an	an	DET
fsr-3420	407	20	otherwise	otherwise	ADV
fsr-3420	407	21	risky	risky	ADJ
fsr-3420	407	22	withdrawal	withdrawal	NOUN
fsr-3420	407	23	rate	rate	NOUN
fsr-3420	407	24	—	—	PUNCT
fsr-3420	407	25	a	a	DET
fsr-3420	407	26	50%–safe	50%–safe	NUM
fsr-3420	407	27	level	level	NOUN
fsr-3420	407	28	could	could	AUX
fsr-3420	407	29	even	even	ADV
fsr-3420	407	30	be	be	AUX
fsr-3420	407	31	used	use	VERB
fsr-3420	407	32	.	.	PUNCT
fsr-3420	408	1	then	then	ADV
fsr-3420	408	2	,	,	PUNCT
fsr-3420	408	3	if	if	SCONJ
fsr-3420	408	4	future	future	ADJ
fsr-3420	408	5	developments	development	NOUN
fsr-3420	408	6	indicate	indicate	VERB
fsr-3420	408	7	that	that	SCONJ
fsr-3420	408	8	our	our	PRON
fsr-3420	408	9	case	case	NOUN
fsr-3420	408	10	is	be	AUX
fsr-3420	408	11	in	in	ADP
fsr-3420	408	12	the	the	DET
fsr-3420	408	13	unfavorable	unfavorable	ADJ
fsr-3420	408	14	range	range	NOUN
fsr-3420	408	15	,	,	PUNCT
fsr-3420	408	16	the	the	DET
fsr-3420	408	17	bequest	bequ	ADJ
fsr-3420	408	18	goal	goal	NOUN
fsr-3420	408	19	can	can	AUX
fsr-3420	408	20	be	be	AUX
fsr-3420	408	21	adjusted	adjust	VERB
fsr-3420	408	22	gradually	gradually	ADV
fsr-3420	408	23	until	until	SCONJ
fsr-3420	408	24	a	a	DET
fsr-3420	408	25	safe	safe	ADJ
fsr-3420	408	26	situation	situation	NOUN
fsr-3420	408	27	is	be	AUX
fsr-3420	408	28	reestablished	reestablish	VERB
fsr-3420	408	29	.	.	PUNCT
fsr-3420	409	1	it	it	PRON
fsr-3420	409	2	should	should	AUX
fsr-3420	409	3	be	be	AUX
fsr-3420	409	4	noted	note	VERB
fsr-3420	409	5	that	that	SCONJ
fsr-3420	409	6	if	if	SCONJ
fsr-3420	409	7	we	we	PRON
fsr-3420	409	8	select	select	VERB
fsr-3420	409	9	the	the	DET
fsr-3420	409	10	median	median	ADJ
fsr-3420	409	11	value	value	NOUN
fsr-3420	409	12	from	from	ADP
fsr-3420	409	13	the	the	DET
fsr-3420	409	14	correct	correct	ADJ
fsr-3420	409	15	pwr	pwr	NOUN
fsr-3420	409	16	distribution	distribution	NOUN
fsr-3420	409	17	,	,	PUNCT
fsr-3420	409	18	in	in	ADP
fsr-3420	409	19	one	one	NUM
fsr-3420	409	20	half	half	NOUN
fsr-3420	409	21	of	of	ADP
fsr-3420	409	22	the	the	DET
fsr-3420	409	23	cases	case	NOUN
fsr-3420	409	24	the	the	DET
fsr-3420	409	25	withdrawal	withdrawal	NOUN
fsr-3420	409	26	amount	amount	NOUN
fsr-3420	409	27	would	would	AUX
fsr-3420	409	28	be	be	AUX
fsr-3420	409	29	revised	revise	VERB
fsr-3420	409	30	up	up	ADP
fsr-3420	409	31	,	,	PUNCT
fsr-3420	409	32	not	not	PART
fsr-3420	409	33	down.7	down.7	NOUN
fsr-3420	409	34	with	with	ADP
fsr-3420	409	35	respect	respect	NOUN
fsr-3420	409	36	to	to	ADP
fsr-3420	409	37	endowment	endowment	ADJ
fsr-3420	409	38	funds	fund	NOUN
fsr-3420	409	39	,	,	PUNCT
fsr-3420	409	40	the	the	DET
fsr-3420	409	41	manager	manager	NOUN
fsr-3420	409	42	’s	’s	PART
fsr-3420	409	43	problem	problem	NOUN
fsr-3420	409	44	is	be	AUX
fsr-3420	409	45	to	to	PART
fsr-3420	409	46	determine	determine	VERB
fsr-3420	409	47	the	the	DET
fsr-3420	409	48	maximum	maximum	ADJ
fsr-3420	409	49	amount	amount	NOUN
fsr-3420	409	50	that	that	PRON
fsr-3420	409	51	can	can	AUX
fsr-3420	409	52	be	be	AUX
fsr-3420	409	53	withdrawn	withdraw	VERB
fsr-3420	409	54	consistently	consistently	ADV
fsr-3420	409	55	each	each	DET
fsr-3420	409	56	year	year	NOUN
fsr-3420	409	57	without	without	ADP
fsr-3420	409	58	jeopardizing	jeopardize	VERB
fsr-3420	409	59	the	the	DET
fsr-3420	409	60	long	long	ADJ
fsr-3420	409	61	-	-	PUNCT
fsr-3420	409	62	term	term	NOUN
fsr-3420	409	63	viability	viability	NOUN
fsr-3420	409	64	of	of	ADP
fsr-3420	409	65	the	the	DET
fsr-3420	409	66	fund	fund	NOUN
fsr-3420	409	67	.	.	PUNCT
fsr-3420	410	1	this	this	PRON
fsr-3420	410	2	is	be	AUX
fsr-3420	410	3	equivalent	equivalent	ADJ
fsr-3420	410	4	,	,	PUNCT
fsr-3420	410	5	to	to	ADP
fsr-3420	410	6	some	some	DET
fsr-3420	410	7	extent	extent	NOUN
fsr-3420	410	8	,	,	PUNCT
fsr-3420	410	9	to	to	ADP
fsr-3420	410	10	the	the	DET
fsr-3420	410	11	problem	problem	NOUN
fsr-3420	410	12	of	of	ADP
fsr-3420	410	13	sustaining	sustain	VERB
fsr-3420	410	14	a	a	DET
fsr-3420	410	15	long	long	ADJ
fsr-3420	410	16	retirement	retirement	NOUN
fsr-3420	410	17	period	period	NOUN
fsr-3420	410	18	as	as	ADV
fsr-3420	410	19	comfortably	comfortably	ADV
fsr-3420	410	20	as	as	ADP
fsr-3420	410	21	possible	possible	ADJ
fsr-3420	410	22	and	and	CCONJ
fsr-3420	410	23	yet	yet	ADV
fsr-3420	410	24	bequeath	bequeath	VERB
fsr-3420	410	25	a	a	DET
fsr-3420	410	26	large	large	ADJ
fsr-3420	410	27	portion	portion	NOUN
fsr-3420	410	28	(	(	PUNCT
fsr-3420	410	29	close	close	ADJ
fsr-3420	410	30	to	to	PART
fsr-3420	410	31	100	100	NUM
fsr-3420	410	32	%	%	NOUN
fsr-3420	410	33	)	)	PUNCT
fsr-3420	410	34	of	of	ADP
fsr-3420	410	35	the	the	DET
fsr-3420	410	36	starting	start	VERB
fsr-3420	410	37	balance	balance	NOUN
fsr-3420	410	38	in	in	ADP
fsr-3420	410	39	the	the	DET
fsr-3420	410	40	account.8	account.8	PROPN
fsr-3420	410	41	for	for	ADP
fsr-3420	410	42	example	example	NOUN
fsr-3420	410	43	,	,	PUNCT
fsr-3420	410	44	an	an	DET
fsr-3420	410	45	all	all	ADV
fsr-3420	410	46	-	-	PUNCT
fsr-3420	410	47	stocks	stock	NOUN
fsr-3420	410	48	fund	fund	NOUN
fsr-3420	410	49	manager	manager	NOUN
fsr-3420	410	50	that	that	PRON
fsr-3420	410	51	would	would	AUX
fsr-3420	410	52	like	like	VERB
fsr-3420	410	53	to	to	PART
fsr-3420	410	54	protect	protect	VERB
fsr-3420	410	55	the	the	DET
fsr-3420	410	56	entirety	entirety	NOUN
fsr-3420	410	57	of	of	ADP
fsr-3420	410	58	the	the	DET
fsr-3420	410	59	fund	fund	NOUN
fsr-3420	410	60	’s	’s	PART
fsr-3420	410	61	assets	asset	NOUN
fsr-3420	410	62	,	,	PUNCT
fsr-3420	410	63	but	but	CCONJ
fsr-3420	410	64	who	who	PRON
fsr-3420	410	65	considers	consider	VERB
fsr-3420	410	66	acceptable	acceptable	ADJ
fsr-3420	410	67	to	to	PART
fsr-3420	410	68	end	end	VERB
fsr-3420	410	69	up	up	ADP
fsr-3420	410	70	with	with	ADP
fsr-3420	410	71	a	a	DET
fsr-3420	410	72	10	10	NUM
fsr-3420	410	73	%	%	NOUN
fsr-3420	410	74	decrease	decrease	NOUN
fsr-3420	410	75	in	in	ADP
fsr-3420	410	76	the	the	DET
fsr-3420	410	77	balance	balance	NOUN
fsr-3420	410	78	after	after	ADP
fsr-3420	410	79	a	a	DET
fsr-3420	410	80	30	30	NUM
fsr-3420	410	81	-	-	PUNCT
fsr-3420	410	82	year	year	NOUN
fsr-3420	410	83	period	period	NOUN
fsr-3420	410	84	,	,	PUNCT
fsr-3420	410	85	may	may	AUX
fsr-3420	410	86	use	use	VERB
fsr-3420	410	87	the	the	DET
fsr-3420	410	88	values	value	NOUN
fsr-3420	410	89	shown	show	VERB
fsr-3420	410	90	in	in	ADP
fsr-3420	410	91	fig	fig	NOUN
fsr-3420	410	92	.	.	PUNCT
fsr-3420	411	1	17	17	NUM
fsr-3420	411	2	as	as	ADP
fsr-3420	411	3	a	a	DET
fsr-3420	411	4	reasonable	reasonable	ADJ
fsr-3420	411	5	range	range	NOUN
fsr-3420	411	6	for	for	ADP
fsr-3420	411	7	the	the	DET
fsr-3420	411	8	withdrawal	withdrawal	NOUN
fsr-3420	411	9	rate	rate	NOUN
fsr-3420	411	10	.	.	PUNCT
fsr-3420	412	1	from	from	ADP
fsr-3420	412	2	fig	fig	NOUN
fsr-3420	412	3	.	.	PUNCT
fsr-3420	413	1	17	17	NUM
fsr-3420	413	2	we	we	PRON
fsr-3420	413	3	see	see	VERB
fsr-3420	413	4	that	that	SCONJ
fsr-3420	413	5	a	a	DET
fsr-3420	413	6	withdrawal	withdrawal	NOUN
fsr-3420	413	7	rate	rate	NOUN
fsr-3420	413	8	between	between	ADP
fsr-3420	413	9	3.5	3.5	NUM
fsr-3420	413	10	%	%	NOUN
fsr-3420	413	11	and	and	CCONJ
fsr-3420	413	12	4.1	4.1	NUM
fsr-3420	413	13	%	%	NOUN
fsr-3420	413	14	would	would	AUX
fsr-3420	413	15	seem	seem	VERB
fsr-3420	413	16	to	to	PART
fsr-3420	413	17	be	be	AUX
fsr-3420	413	18	appropriate	appropriate	ADJ
fsr-3420	413	19	in	in	ADP
fsr-3420	413	20	this	this	DET
fsr-3420	413	21	case	case	NOUN
fsr-3420	413	22	.	.	PUNCT
fsr-3420	414	1	if	if	SCONJ
fsr-3420	414	2	our	our	PRON
fsr-3420	414	3	manager	manager	NOUN
fsr-3420	414	4	takes	take	VERB
fsr-3420	414	5	out	out	ADP
fsr-3420	414	6	more	more	ADJ
fsr-3420	414	7	than	than	ADP
fsr-3420	414	8	4.1	4.1	NUM
fsr-3420	414	9	%	%	NOUN
fsr-3420	414	10	,	,	PUNCT
fsr-3420	414	11	the	the	DET
fsr-3420	414	12	“	"	PUNCT
fsr-3420	414	13	probability	probability	NOUN
fsr-3420	414	14	”	"	PUNCT
fsr-3420	414	15	that	that	PRON
fsr-3420	414	16	the	the	DET
fsr-3420	414	17	fund	fund	NOUN
fsr-3420	414	18	’s	’s	PART
fsr-3420	414	19	balance	balance	NOUN
fsr-3420	414	20	after	after	ADP
fsr-3420	414	21	30	30	NUM
fsr-3420	414	22	years	year	NOUN
fsr-3420	414	23	will	will	AUX
fsr-3420	414	24	be	be	AUX
fsr-3420	414	25	lower	low	ADJ
fsr-3420	414	26	than	than	ADP
fsr-3420	414	27	90	90	NUM
fsr-3420	414	28	%	%	NOUN
fsr-3420	414	29	of	of	ADP
fsr-3420	414	30	the	the	DET
fsr-3420	414	31	starting	start	VERB
fsr-3420	414	32	balance	balance	NOUN
fsr-3420	414	33	would	would	AUX
fsr-3420	414	34	be	be	AUX
fsr-3420	414	35	in	in	ADP
fsr-3420	414	36	excess	excess	NOUN
fsr-3420	414	37	of	of	ADP
fsr-3420	414	38	20%—too	20%—too	ADV
fsr-3420	414	39	much	much	ADJ
fsr-3420	414	40	risk	risk	NOUN
fsr-3420	414	41	,	,	PUNCT
fsr-3420	414	42	perhaps	perhaps	ADV
fsr-3420	414	43	.	.	PUNCT
fsr-3420	415	1	on	on	ADP
fsr-3420	415	2	the	the	DET
fsr-3420	415	3	other	other	ADJ
fsr-3420	415	4	hand	hand	NOUN
fsr-3420	415	5	,	,	PUNCT
fsr-3420	415	6	if	if	SCONJ
fsr-3420	415	7	she	she	PRON
fsr-3420	415	8	were	be	AUX
fsr-3420	415	9	to	to	PART
fsr-3420	415	10	withdraw	withdraw	VERB
fsr-3420	415	11	fig	fig	NOUN
fsr-3420	415	12	.	.	PUNCT
fsr-3420	416	1	17	17	NUM
fsr-3420	416	2	.	.	PUNCT
fsr-3420	417	1	milestone	milestone	NOUN
fsr-3420	417	2	safety	safety	NOUN
fsr-3420	417	3	levels	level	NOUN
fsr-3420	417	4	in	in	ADP
fsr-3420	417	5	historical	historical	ADJ
fsr-3420	417	6	pwr	pwr	NOUN
fsr-3420	417	7	distributions	distribution	NOUN
fsr-3420	417	8	with	with	ADP
fsr-3420	417	9	100	100	NUM
fsr-3420	417	10	%	%	NOUN
fsr-3420	417	11	bequest	bequ	ADJ
fsr-3420	417	12	goal	goal	NOUN
fsr-3420	417	13	and	and	CCONJ
fsr-3420	417	14	90	90	NUM
fsr-3420	417	15	%	%	NOUN
fsr-3420	417	16	bequest	bequ	ADJ
fsr-3420	417	17	goal	goal	NOUN
fsr-3420	417	18	.	.	PUNCT
fsr-3420	418	1	possible	possible	ADJ
fsr-3420	418	2	range	range	NOUN
fsr-3420	418	3	of	of	ADP
fsr-3420	418	4	withdrawal	withdrawal	NOUN
fsr-3420	418	5	rates	rate	NOUN
fsr-3420	418	6	for	for	ADP
fsr-3420	418	7	balance	balance	NOUN
fsr-3420	418	8	protection	protection	NOUN
fsr-3420	418	9	.	.	PUNCT
fsr-3420	419	1	portfolios	portfolio	NOUN
fsr-3420	419	2	are	be	AUX
fsr-3420	419	3	all	all	ADV
fsr-3420	419	4	-	-	PUNCT
fsr-3420	419	5	stocks	stock	NOUN
fsr-3420	419	6	and	and	CCONJ
fsr-3420	419	7	horizon	horizon	NOUN
fsr-3420	419	8	length	length	NOUN
fsr-3420	419	9	is	be	AUX
fsr-3420	419	10	30	30	NUM
fsr-3420	419	11	years	year	NOUN
fsr-3420	419	12	.	.	PUNCT
fsr-3420	420	1	e.d	e.d	PROPN
fsr-3420	420	2	.	.	PROPN
fsr-3420	420	3	suarez	suarez	PROPN
fsr-3420	420	4	/	/	SYM
fsr-3420	420	5	financial	financial	ADJ
fsr-3420	420	6	services	service	NOUN
fsr-3420	420	7	review	review	VERB
fsr-3420	420	8	28	28	NUM
fsr-3420	420	9	(	(	PUNCT
fsr-3420	420	10	2020	2020	NUM
fsr-3420	420	11	)	)	PUNCT
fsr-3420	421	1	96–132	96–132	NUM
fsr-3420	421	2	119	119	NUM
fsr-3420	421	3	less	less	ADJ
fsr-3420	421	4	than	than	ADP
fsr-3420	421	5	3.5	3.5	NUM
fsr-3420	421	6	%	%	NOUN
fsr-3420	421	7	,	,	PUNCT
fsr-3420	421	8	the	the	DET
fsr-3420	421	9	likelihood	likelihood	NOUN
fsr-3420	421	10	that	that	SCONJ
fsr-3420	421	11	the	the	DET
fsr-3420	421	12	balance	balance	NOUN
fsr-3420	421	13	in	in	ADP
fsr-3420	421	14	the	the	DET
fsr-3420	421	15	distant	distant	ADJ
fsr-3420	421	16	future	future	NOUN
fsr-3420	421	17	will	will	AUX
fsr-3420	421	18	be	be	AUX
fsr-3420	421	19	larger	large	ADJ
fsr-3420	421	20	than	than	ADP
fsr-3420	421	21	the	the	DET
fsr-3420	421	22	current	current	ADJ
fsr-3420	421	23	balance	balance	NOUN
fsr-3420	421	24	would	would	AUX
fsr-3420	421	25	be	be	AUX
fsr-3420	421	26	more	more	ADJ
fsr-3420	421	27	than	than	ADP
fsr-3420	421	28	90	90	NUM
fsr-3420	421	29	%	%	NOUN
fsr-3420	421	30	,	,	PUNCT
fsr-3420	421	31	which	which	PRON
fsr-3420	421	32	seems	seem	VERB
fsr-3420	421	33	overly	overly	ADV
fsr-3420	421	34	conservative	conservative	ADJ
fsr-3420	421	35	.	.	PUNCT
fsr-3420	422	1	because	because	SCONJ
fsr-3420	422	2	the	the	DET
fsr-3420	422	3	actual	actual	ADJ
fsr-3420	422	4	pwr	pwr	NOUN
fsr-3420	422	5	is	be	AUX
fsr-3420	422	6	likely	likely	ADJ
fsr-3420	422	7	to	to	PART
fsr-3420	422	8	be	be	AUX
fsr-3420	422	9	higher	high	ADJ
fsr-3420	422	10	than	than	ADP
fsr-3420	422	11	these	these	DET
fsr-3420	422	12	values	value	NOUN
fsr-3420	422	13	—	—	PUNCT
fsr-3420	422	14	at	at	ADP
fsr-3420	422	15	least	least	ADJ
fsr-3420	422	16	under	under	ADP
fsr-3420	422	17	our	our	PRON
fsr-3420	422	18	interpretation	interpretation	NOUN
fsr-3420	422	19	of	of	ADP
fsr-3420	422	20	past	past	ADJ
fsr-3420	422	21	frequency	frequency	NOUN
fsr-3420	422	22	as	as	ADP
fsr-3420	422	23	probability	probability	NOUN
fsr-3420	422	24	—	—	PUNCT
fsr-3420	422	25	perhaps	perhaps	ADV
fsr-3420	422	26	the	the	DET
fsr-3420	422	27	ideal	ideal	ADJ
fsr-3420	422	28	procedure	procedure	NOUN
fsr-3420	422	29	would	would	AUX
fsr-3420	422	30	be	be	AUX
fsr-3420	422	31	to	to	PART
fsr-3420	422	32	“	"	PUNCT
fsr-3420	422	33	hunt	hunt	VERB
fsr-3420	422	34	down	down	ADP
fsr-3420	422	35	”	"	PUNCT
fsr-3420	422	36	the	the	DET
fsr-3420	422	37	correct	correct	ADJ
fsr-3420	422	38	withdrawal	withdrawal	NOUN
fsr-3420	422	39	rate	rate	NOUN
fsr-3420	422	40	.	.	PUNCT
fsr-3420	423	1	instead	instead	ADV
fsr-3420	423	2	of	of	ADP
fsr-3420	423	3	taking	take	VERB
fsr-3420	423	4	out	out	ADP
fsr-3420	423	5	the	the	DET
fsr-3420	423	6	same	same	ADJ
fsr-3420	423	7	amount	amount	NOUN
fsr-3420	423	8	(	(	PUNCT
fsr-3420	423	9	in	in	ADP
fsr-3420	423	10	real	real	ADJ
fsr-3420	423	11	terms	term	NOUN
fsr-3420	423	12	)	)	PUNCT
fsr-3420	423	13	every	every	DET
fsr-3420	423	14	year	year	NOUN
fsr-3420	423	15	,	,	PUNCT
fsr-3420	423	16	the	the	DET
fsr-3420	423	17	fund	fund	NOUN
fsr-3420	423	18	administrator	administrator	NOUN
fsr-3420	423	19	would	would	AUX
fsr-3420	423	20	use	use	VERB
fsr-3420	423	21	this	this	DET
fsr-3420	423	22	range	range	NOUN
fsr-3420	423	23	of	of	ADP
fsr-3420	423	24	rates	rate	NOUN
fsr-3420	423	25	to	to	PART
fsr-3420	423	26	see	see	VERB
fsr-3420	423	27	if	if	SCONJ
fsr-3420	423	28	they	they	PRON
fsr-3420	423	29	translate	translate	VERB
fsr-3420	423	30	into	into	ADP
fsr-3420	423	31	withdrawal	withdrawal	NOUN
fsr-3420	423	32	amounts	amount	VERB
fsr-3420	423	33	with	with	ADP
fsr-3420	423	34	the	the	DET
fsr-3420	423	35	same	same	ADJ
fsr-3420	423	36	purchasing	purchasing	NOUN
fsr-3420	423	37	power	power	NOUN
fsr-3420	423	38	as	as	ADP
fsr-3420	423	39	what	what	PRON
fsr-3420	423	40	was	be	AUX
fsr-3420	423	41	taken	take	VERB
fsr-3420	423	42	out	out	ADP
fsr-3420	423	43	in	in	ADP
fsr-3420	423	44	the	the	DET
fsr-3420	423	45	previous	previous	ADJ
fsr-3420	423	46	year	year	NOUN
fsr-3420	423	47	.	.	PUNCT
fsr-3420	424	1	in	in	ADP
fsr-3420	424	2	case	case	NOUN
fsr-3420	424	3	of	of	ADP
fsr-3420	424	4	significant	significant	ADJ
fsr-3420	424	5	discrepancy	discrepancy	NOUN
fsr-3420	424	6	,	,	PUNCT
fsr-3420	424	7	any	any	DET
fsr-3420	424	8	adjustment	adjustment	NOUN
fsr-3420	424	9	would	would	AUX
fsr-3420	424	10	be	be	AUX
fsr-3420	424	11	pondered	ponder	VERB
fsr-3420	424	12	against	against	ADP
fsr-3420	424	13	the	the	DET
fsr-3420	424	14	benefits	benefit	NOUN
fsr-3420	424	15	of	of	ADP
fsr-3420	424	16	a	a	DET
fsr-3420	424	17	stable	stable	ADJ
fsr-3420	424	18	income	income	NOUN
fsr-3420	424	19	flow	flow	NOUN
fsr-3420	424	20	.	.	PUNCT
fsr-3420	425	1	it	it	PRON
fsr-3420	425	2	is	be	AUX
fsr-3420	425	3	interesting	interesting	ADJ
fsr-3420	425	4	to	to	PART
fsr-3420	425	5	note	note	VERB
fsr-3420	425	6	that	that	SCONJ
fsr-3420	425	7	a	a	DET
fsr-3420	425	8	more	more	ADV
fsr-3420	425	9	simplified	simplified	ADJ
fsr-3420	425	10	approach	approach	NOUN
fsr-3420	425	11	to	to	ADP
fsr-3420	425	12	the	the	DET
fsr-3420	425	13	endowment	endowment	PROPN
fsr-3420	425	14	fund	fund	PROPN
fsr-3420	425	15	problem	problem	NOUN
fsr-3420	425	16	would	would	AUX
fsr-3420	425	17	identify	identify	VERB
fsr-3420	425	18	the	the	DET
fsr-3420	425	19	average	average	ADJ
fsr-3420	425	20	real	real	ADJ
fsr-3420	425	21	return	return	NOUN
fsr-3420	425	22	as	as	ADP
fsr-3420	425	23	the	the	DET
fsr-3420	425	24	100%–bequest	100%–bequest	NUM
fsr-3420	425	25	pwr	pwr	NOUN
fsr-3420	425	26	.	.	PUNCT
fsr-3420	426	1	however	however	ADV
fsr-3420	426	2	,	,	PUNCT
fsr-3420	426	3	these	these	DET
fsr-3420	426	4	two	two	NUM
fsr-3420	426	5	concepts	concept	NOUN
fsr-3420	426	6	are	be	AUX
fsr-3420	426	7	not	not	PART
fsr-3420	426	8	the	the	DET
fsr-3420	426	9	same	same	ADJ
fsr-3420	426	10	and	and	CCONJ
fsr-3420	426	11	,	,	PUNCT
fsr-3420	426	12	in	in	ADP
fsr-3420	426	13	general	general	ADJ
fsr-3420	426	14	,	,	PUNCT
fsr-3420	426	15	do	do	AUX
fsr-3420	426	16	not	not	PART
fsr-3420	426	17	coincide	coincide	VERB
fsr-3420	426	18	.	.	PUNCT
fsr-3420	427	1	they	they	PRON
fsr-3420	427	2	would	would	AUX
fsr-3420	427	3	be	be	AUX
fsr-3420	427	4	strictly	strictly	ADV
fsr-3420	427	5	equal	equal	ADJ
fsr-3420	427	6	only	only	ADV
fsr-3420	427	7	if	if	SCONJ
fsr-3420	427	8	the	the	DET
fsr-3420	427	9	rate	rate	NOUN
fsr-3420	427	10	of	of	ADP
fsr-3420	427	11	return	return	NOUN
fsr-3420	427	12	was	be	AUX
fsr-3420	427	13	the	the	DET
fsr-3420	427	14	same	same	ADJ
fsr-3420	427	15	in	in	ADP
fsr-3420	427	16	every	every	DET
fsr-3420	427	17	period	period	NOUN
fsr-3420	427	18	,	,	PUNCT
fsr-3420	427	19	but	but	CCONJ
fsr-3420	427	20	otherwise	otherwise	ADV
fsr-3420	427	21	the	the	DET
fsr-3420	427	22	sequencing	sequence	VERB
fsr-3420	427	23	effect	effect	NOUN
fsr-3420	427	24	makes	make	VERB
fsr-3420	427	25	them	they	PRON
fsr-3420	427	26	differ	differ	VERB
fsr-3420	427	27	.	.	PUNCT
fsr-3420	428	1	fig	fig	NOUN
fsr-3420	428	2	.	.	PUNCT
fsr-3420	429	1	18	18	NUM
fsr-3420	429	2	superimposes	superimpose	NOUN
fsr-3420	429	3	these	these	DET
fsr-3420	429	4	two	two	NUM
fsr-3420	429	5	variables	variable	NOUN
fsr-3420	429	6	,	,	PUNCT
fsr-3420	429	7	and	and	CCONJ
fsr-3420	429	8	we	we	PRON
fsr-3420	429	9	see	see	VERB
fsr-3420	429	10	that	that	SCONJ
fsr-3420	429	11	the	the	DET
fsr-3420	429	12	difference	difference	NOUN
fsr-3420	429	13	has	have	AUX
fsr-3420	429	14	been	be	AUX
fsr-3420	429	15	very	very	ADV
fsr-3420	429	16	substantial	substantial	ADJ
fsr-3420	429	17	.	.	PUNCT
fsr-3420	430	1	fig	fig	NOUN
fsr-3420	430	2	.	.	PUNCT
fsr-3420	431	1	19	19	NUM
fsr-3420	431	2	displays	display	VERB
fsr-3420	431	3	the	the	DET
fsr-3420	431	4	relative	relative	ADJ
fsr-3420	431	5	frequency	frequency	NOUN
fsr-3420	431	6	of	of	ADP
fsr-3420	431	7	the	the	DET
fsr-3420	431	8	perfect	perfect	ADJ
fsr-3420	431	9	withdrawal	withdrawal	NOUN
fsr-3420	431	10	rates	rate	NOUN
fsr-3420	431	11	according	accord	VERB
fsr-3420	431	12	to	to	ADP
fsr-3420	431	13	the	the	DET
fsr-3420	431	14	range	range	NOUN
fsr-3420	431	15	of	of	ADP
fsr-3420	431	16	bequest	bequest	NOUN
fsr-3420	431	17	goals	goal	NOUN
fsr-3420	431	18	.	.	PUNCT
fsr-3420	432	1	finally	finally	ADV
fsr-3420	432	2	,	,	PUNCT
fsr-3420	432	3	our	our	PRON
fsr-3420	432	4	discussion	discussion	NOUN
fsr-3420	432	5	about	about	ADP
fsr-3420	432	6	how	how	SCONJ
fsr-3420	432	7	it	it	PRON
fsr-3420	432	8	is	be	AUX
fsr-3420	432	9	not	not	PART
fsr-3420	432	10	so	so	ADV
fsr-3420	432	11	difficult	difficult	ADJ
fsr-3420	432	12	to	to	PART
fsr-3420	432	13	bequeath	bequeath	VERB
fsr-3420	432	14	a	a	DET
fsr-3420	432	15	large	large	ADJ
fsr-3420	432	16	portion	portion	NOUN
fsr-3420	432	17	of	of	ADP
fsr-3420	432	18	the	the	DET
fsr-3420	432	19	retirement	retirement	NOUN
fsr-3420	432	20	funds	fund	NOUN
fsr-3420	432	21	is	be	AUX
fsr-3420	432	22	just	just	ADV
fsr-3420	432	23	the	the	DET
fsr-3420	432	24	flip	flip	ADJ
fsr-3420	432	25	side	side	NOUN
fsr-3420	432	26	of	of	ADP
fsr-3420	432	27	what	what	PRON
fsr-3420	432	28	we	we	PRON
fsr-3420	432	29	mentioned	mention	VERB
fsr-3420	432	30	in	in	ADP
fsr-3420	432	31	a	a	DET
fsr-3420	432	32	previous	previous	ADJ
fsr-3420	432	33	section	section	NOUN
fsr-3420	432	34	:	:	PUNCT
fsr-3420	432	35	if	if	SCONJ
fsr-3420	432	36	the	the	DET
fsr-3420	432	37	retiree	retiree	NOUN
fsr-3420	432	38	undershoots	undershoot	VERB
fsr-3420	432	39	her	her	PRON
fsr-3420	432	40	pwr	pwr	NOUN
fsr-3420	432	41	(	(	PUNCT
fsr-3420	432	42	takes	take	VERB
fsr-3420	432	43	out	out	ADP
fsr-3420	432	44	less	less	ADJ
fsr-3420	432	45	than	than	ADP
fsr-3420	432	46	the	the	DET
fsr-3420	432	47	perfect	perfect	ADJ
fsr-3420	432	48	amount	amount	NOUN
fsr-3420	432	49	)	)	PUNCT
fsr-3420	432	50	even	even	ADV
fsr-3420	432	51	by	by	ADP
fsr-3420	432	52	just	just	ADV
fsr-3420	432	53	a	a	DET
fsr-3420	432	54	fraction	fraction	NOUN
fsr-3420	432	55	of	of	ADP
fsr-3420	432	56	a	a	DET
fsr-3420	432	57	point	point	NOUN
fsr-3420	432	58	,	,	PUNCT
fsr-3420	432	59	she	she	PRON
fsr-3420	432	60	can	can	AUX
fsr-3420	432	61	end	end	VERB
fsr-3420	432	62	up	up	ADP
fsr-3420	432	63	with	with	ADP
fsr-3420	432	64	huge	huge	ADJ
fsr-3420	432	65	unwanted	unwanted	ADJ
fsr-3420	432	66	balances	balance	NOUN
fsr-3420	432	67	at	at	ADP
fsr-3420	432	68	the	the	DET
fsr-3420	432	69	end	end	NOUN
fsr-3420	432	70	.	.	PUNCT
fsr-3420	433	1	these	these	DET
fsr-3420	433	2	realizations	realization	NOUN
fsr-3420	433	3	can	can	AUX
fsr-3420	433	4	lead	lead	VERB
fsr-3420	433	5	us	we	PRON
fsr-3420	433	6	to	to	PART
fsr-3420	433	7	conclude	conclude	VERB
fsr-3420	433	8	that	that	SCONJ
fsr-3420	433	9	the	the	DET
fsr-3420	433	10	whole	whole	ADJ
fsr-3420	433	11	business	business	NOUN
fsr-3420	433	12	of	of	ADP
fsr-3420	433	13	determining	determine	VERB
fsr-3420	433	14	an	an	DET
fsr-3420	433	15	optimal	optimal	ADJ
fsr-3420	433	16	withdrawal	withdrawal	NOUN
fsr-3420	433	17	amount	amount	NOUN
fsr-3420	433	18	is	be	AUX
fsr-3420	433	19	too	too	ADV
fsr-3420	433	20	fig	fig	NOUN
fsr-3420	433	21	.	.	PUNCT
fsr-3420	434	1	18	18	NUM
fsr-3420	434	2	.	.	PUNCT
fsr-3420	434	3	comparison	comparison	NOUN
fsr-3420	434	4	of	of	ADP
fsr-3420	434	5	average	average	ADJ
fsr-3420	434	6	real	real	ADJ
fsr-3420	434	7	return	return	NOUN
fsr-3420	434	8	versus	versus	ADP
fsr-3420	434	9	perfect	perfect	ADJ
fsr-3420	434	10	withdrawal	withdrawal	NOUN
fsr-3420	434	11	rate	rate	NOUN
fsr-3420	434	12	for	for	ADP
fsr-3420	434	13	all	all	DET
fsr-3420	434	14	-	-	PUNCT
fsr-3420	434	15	stocks	stock	NOUN
fsr-3420	434	16	portfolio	portfolio	NOUN
fsr-3420	434	17	with	with	ADP
fsr-3420	434	18	100	100	NUM
fsr-3420	434	19	%	%	NOUN
fsr-3420	434	20	bequest	bequest	NOUN
fsr-3420	434	21	and	and	CCONJ
fsr-3420	434	22	30	30	NUM
fsr-3420	434	23	-	-	PUNCT
fsr-3420	434	24	year	year	NOUN
fsr-3420	434	25	horizon	horizon	NOUN
fsr-3420	434	26	.	.	PUNCT
fsr-3420	435	1	although	although	SCONJ
fsr-3420	435	2	it	it	PRON
fsr-3420	435	3	might	might	AUX
fsr-3420	435	4	be	be	AUX
fsr-3420	435	5	argued	argue	VERB
fsr-3420	435	6	that	that	SCONJ
fsr-3420	435	7	the	the	DET
fsr-3420	435	8	applicable	applicable	ADJ
fsr-3420	435	9	withdrawal	withdrawal	NOUN
fsr-3420	435	10	rate	rate	NOUN
fsr-3420	435	11	for	for	ADP
fsr-3420	435	12	endowment	endowment	NOUN
fsr-3420	435	13	funds	fund	NOUN
fsr-3420	435	14	is	be	AUX
fsr-3420	435	15	simply	simply	ADV
fsr-3420	435	16	the	the	DET
fsr-3420	435	17	average	average	ADJ
fsr-3420	435	18	real	real	ADJ
fsr-3420	435	19	return	return	NOUN
fsr-3420	435	20	on	on	ADP
fsr-3420	435	21	the	the	DET
fsr-3420	435	22	investment	investment	NOUN
fsr-3420	435	23	account	account	NOUN
fsr-3420	435	24	,	,	PUNCT
fsr-3420	435	25	in	in	ADP
fsr-3420	435	26	the	the	DET
fsr-3420	435	27	historical	historical	ADJ
fsr-3420	435	28	record	record	NOUN
fsr-3420	435	29	the	the	DET
fsr-3420	435	30	correct	correct	ADJ
fsr-3420	435	31	rate	rate	NOUN
fsr-3420	435	32	has	have	AUX
fsr-3420	435	33	turned	turn	VERB
fsr-3420	435	34	out	out	ADP
fsr-3420	435	35	to	to	PART
fsr-3420	435	36	be	be	AUX
fsr-3420	435	37	a	a	DET
fsr-3420	435	38	very	very	ADV
fsr-3420	435	39	different	different	ADJ
fsr-3420	435	40	figure	figure	NOUN
fsr-3420	435	41	.	.	PUNCT
fsr-3420	436	1	120	120	NUM
fsr-3420	436	2	e.d	e.d	PROPN
fsr-3420	436	3	.	.	PROPN
fsr-3420	436	4	suarez	suarez	PROPN
fsr-3420	436	5	/	/	SYM
fsr-3420	436	6	financial	financial	ADJ
fsr-3420	436	7	services	service	NOUN
fsr-3420	436	8	review	review	VERB
fsr-3420	436	9	28	28	NUM
fsr-3420	436	10	(	(	PUNCT
fsr-3420	436	11	2020	2020	NUM
fsr-3420	436	12	)	)	PUNCT
fsr-3420	437	1	96–132	96–132	NUM
fsr-3420	437	2	fragile	fragile	ADJ
fsr-3420	437	3	,	,	PUNCT
fsr-3420	437	4	subject	subject	ADJ
fsr-3420	437	5	to	to	ADP
fsr-3420	437	6	some	some	DET
fsr-3420	437	7	kind	kind	NOUN
fsr-3420	437	8	of	of	ADP
fsr-3420	437	9	“	"	PUNCT
fsr-3420	437	10	butterfly	butterfly	NOUN
fsr-3420	437	11	effect	effect	NOUN
fsr-3420	437	12	.	.	PUNCT
fsr-3420	437	13	”	"	PUNCT
fsr-3420	438	1	however	however	ADV
fsr-3420	438	2	,	,	PUNCT
fsr-3420	438	3	for	for	ADP
fsr-3420	438	4	us	we	PRON
fsr-3420	438	5	they	they	PRON
fsr-3420	438	6	only	only	ADV
fsr-3420	438	7	underscore	underscore	VERB
fsr-3420	438	8	the	the	DET
fsr-3420	438	9	need	need	NOUN
fsr-3420	438	10	to	to	PART
fsr-3420	438	11	develop	develop	VERB
fsr-3420	438	12	algorithms	algorithm	NOUN
fsr-3420	438	13	,	,	PUNCT
fsr-3420	438	14	instead	instead	ADV
fsr-3420	438	15	of	of	ADP
fsr-3420	438	16	rules	rule	NOUN
fsr-3420	438	17	of	of	ADP
fsr-3420	438	18	thumb	thumb	NOUN
fsr-3420	438	19	,	,	PUNCT
fsr-3420	438	20	to	to	PART
fsr-3420	438	21	navigate	navigate	VERB
fsr-3420	438	22	this	this	DET
fsr-3420	438	23	stage	stage	NOUN
fsr-3420	438	24	of	of	ADP
fsr-3420	438	25	life	life	NOUN
fsr-3420	438	26	with	with	ADP
fsr-3420	438	27	some	some	DET
fsr-3420	438	28	degree	degree	NOUN
fsr-3420	438	29	of	of	ADP
fsr-3420	438	30	stability	stability	NOUN
fsr-3420	438	31	.	.	PUNCT
fsr-3420	439	1	we	we	PRON
fsr-3420	439	2	think	think	VERB
fsr-3420	439	3	that	that	PRON
fsr-3420	439	4	should	should	AUX
fsr-3420	439	5	be	be	AUX
fsr-3420	439	6	the	the	DET
fsr-3420	439	7	research	research	NOUN
fsr-3420	439	8	program	program	NOUN
fsr-3420	439	9	for	for	ADP
fsr-3420	439	10	this	this	DET
fsr-3420	439	11	field	field	NOUN
fsr-3420	439	12	and	and	CCONJ
fsr-3420	439	13	,	,	PUNCT
fsr-3420	439	14	although	although	SCONJ
fsr-3420	439	15	we	we	PRON
fsr-3420	439	16	do	do	AUX
fsr-3420	439	17	not	not	PART
fsr-3420	439	18	present	present	VERB
fsr-3420	439	19	any	any	DET
fsr-3420	439	20	proposals	proposal	NOUN
fsr-3420	439	21	here	here	ADV
fsr-3420	439	22	,	,	PUNCT
fsr-3420	439	23	ssw	ssw	PROPN
fsr-3420	439	24	can	can	AUX
fsr-3420	439	25	provide	provide	VERB
fsr-3420	439	26	sketches	sketch	NOUN
fsr-3420	439	27	of	of	ADP
fsr-3420	439	28	what	what	PRON
fsr-3420	439	29	a	a	DET
fsr-3420	439	30	pwabased	pwabase	VERB
fsr-3420	439	31	algorithm	algorithm	NOUN
fsr-3420	439	32	would	would	AUX
fsr-3420	439	33	look	look	VERB
fsr-3420	439	34	like	like	ADP
fsr-3420	439	35	.	.	PUNCT
fsr-3420	440	1	we	we	PRON
fsr-3420	440	2	close	close	VERB
fsr-3420	440	3	this	this	DET
fsr-3420	440	4	section	section	NOUN
fsr-3420	440	5	with	with	ADP
fsr-3420	440	6	the	the	DET
fsr-3420	440	7	pwr	pwr	NOUN
fsr-3420	440	8	frequency	frequency	NOUN
fsr-3420	440	9	distribution	distribution	NOUN
fsr-3420	440	10	under	under	ADP
fsr-3420	440	11	different	different	ADJ
fsr-3420	440	12	bequest	bequest	NOUN
fsr-3420	440	13	goals	goal	NOUN
fsr-3420	440	14	,	,	PUNCT
fsr-3420	440	15	computed	compute	VERB
fsr-3420	440	16	using	use	VERB
fsr-3420	440	17	a	a	DET
fsr-3420	440	18	100%–stocks	100%–stocks	NUM
fsr-3420	440	19	portfolio	portfolio	NOUN
fsr-3420	440	20	and	and	CCONJ
fsr-3420	440	21	with	with	ADP
fsr-3420	440	22	a	a	DET
fsr-3420	440	23	planning	planning	NOUN
fsr-3420	440	24	horizon	horizon	NOUN
fsr-3420	440	25	of	of	ADP
fsr-3420	440	26	30	30	NUM
fsr-3420	440	27	years	year	NOUN
fsr-3420	440	28	.	.	PUNCT
fsr-3420	441	1	9	9	X
fsr-3420	441	2	.	.	X
fsr-3420	441	3	results	result	NOUN
fsr-3420	441	4	for	for	ADP
fsr-3420	441	5	other	other	ADJ
fsr-3420	441	6	planning	planning	NOUN
fsr-3420	441	7	horizon	horizon	NOUN
fsr-3420	441	8	lengths	length	NOUN
fsr-3420	441	9	the	the	DET
fsr-3420	441	10	last	last	ADJ
fsr-3420	441	11	item	item	NOUN
fsr-3420	441	12	in	in	ADP
fsr-3420	441	13	our	our	PRON
fsr-3420	441	14	research	research	NOUN
fsr-3420	441	15	list	list	NOUN
fsr-3420	441	16	is	be	AUX
fsr-3420	441	17	to	to	PART
fsr-3420	441	18	see	see	VERB
fsr-3420	441	19	what	what	PRON
fsr-3420	441	20	happens	happen	VERB
fsr-3420	441	21	to	to	ADP
fsr-3420	441	22	the	the	DET
fsr-3420	441	23	pwr	pwr	NOUN
fsr-3420	441	24	when	when	SCONJ
fsr-3420	441	25	the	the	DET
fsr-3420	441	26	length	length	NOUN
fsr-3420	441	27	of	of	ADP
fsr-3420	441	28	the	the	DET
fsr-3420	441	29	planning	planning	NOUN
fsr-3420	441	30	horizon	horizon	NOUN
fsr-3420	441	31	changes	change	NOUN
fsr-3420	441	32	.	.	PUNCT
fsr-3420	442	1	as	as	ADP
fsr-3420	442	2	in	in	ADP
fsr-3420	442	3	the	the	DET
fsr-3420	442	4	previous	previous	ADJ
fsr-3420	442	5	two	two	NUM
fsr-3420	442	6	sections	section	NOUN
fsr-3420	442	7	,	,	PUNCT
fsr-3420	442	8	we	we	PRON
fsr-3420	442	9	reset	reset	VERB
fsr-3420	442	10	the	the	DET
fsr-3420	442	11	values	value	NOUN
fsr-3420	442	12	of	of	ADP
fsr-3420	442	13	the	the	DET
fsr-3420	442	14	other	other	ADJ
fsr-3420	442	15	two	two	NUM
fsr-3420	442	16	parameters	parameter	NOUN
fsr-3420	442	17	in	in	ADP
fsr-3420	442	18	eq	eq	ADP
fsr-3420	442	19	.	.	PUNCT
fsr-3420	443	1	(	(	PUNCT
fsr-3420	443	2	1	1	X
fsr-3420	443	3	)	)	PUNCT
fsr-3420	443	4	to	to	ADP
fsr-3420	443	5	what	what	PRON
fsr-3420	443	6	they	they	PRON
fsr-3420	443	7	are	be	AUX
fsr-3420	443	8	in	in	ADP
fsr-3420	443	9	the	the	DET
fsr-3420	443	10	standard	standard	ADJ
fsr-3420	443	11	scenario	scenario	NOUN
fsr-3420	443	12	.	.	PUNCT
fsr-3420	444	1	thus	thus	ADV
fsr-3420	444	2	,	,	PUNCT
fsr-3420	444	3	in	in	ADP
fsr-3420	444	4	this	this	DET
fsr-3420	444	5	section	section	NOUN
fsr-3420	444	6	the	the	DET
fsr-3420	444	7	rates	rate	NOUN
fsr-3420	444	8	of	of	ADP
fsr-3420	444	9	return	return	NOUN
fsr-3420	444	10	ri	ri	PROPN
fsr-3420	444	11	correspond	correspond	VERB
fsr-3420	444	12	to	to	ADP
fsr-3420	444	13	an	an	DET
fsr-3420	444	14	all	all	DET
fsr-3420	444	15	-	-	PUNCT
fsr-3420	444	16	stocks	stock	NOUN
fsr-3420	444	17	portfolio	portfolio	NOUN
fsr-3420	444	18	and	and	CCONJ
fsr-3420	444	19	the	the	DET
fsr-3420	444	20	ending	end	VERB
fsr-3420	444	21	balance	balance	NOUN
fsr-3420	444	22	ke	ke	NOUN
fsr-3420	444	23	is	be	AUX
fsr-3420	444	24	set	set	VERB
fsr-3420	444	25	at	at	ADP
fsr-3420	444	26	zero	zero	NUM
fsr-3420	444	27	,	,	PUNCT
fsr-3420	444	28	but	but	CCONJ
fsr-3420	444	29	we	we	PRON
fsr-3420	444	30	use	use	VERB
fsr-3420	444	31	different	different	ADJ
fsr-3420	444	32	values	value	NOUN
fsr-3420	444	33	for	for	ADP
fsr-3420	444	34	n.	n.	NOUN
fsr-3420	444	35	exploring	explore	VERB
fsr-3420	444	36	the	the	DET
fsr-3420	444	37	impact	impact	NOUN
fsr-3420	444	38	of	of	ADP
fsr-3420	444	39	horizon	horizon	NOUN
fsr-3420	444	40	length	length	NOUN
fsr-3420	444	41	changes	change	NOUN
fsr-3420	444	42	is	be	AUX
fsr-3420	444	43	important	important	ADJ
fsr-3420	444	44	for	for	ADP
fsr-3420	444	45	at	at	ADV
fsr-3420	444	46	least	least	ADV
fsr-3420	444	47	two	two	NUM
fsr-3420	444	48	reasons	reason	NOUN
fsr-3420	444	49	.	.	PUNCT
fsr-3420	445	1	first	first	ADV
fsr-3420	445	2	,	,	PUNCT
fsr-3420	445	3	the	the	DET
fsr-3420	445	4	horizon	horizon	NOUN
fsr-3420	445	5	length	length	NOUN
fsr-3420	445	6	used	use	VERB
fsr-3420	445	7	when	when	SCONJ
fsr-3420	445	8	putting	put	VERB
fsr-3420	445	9	together	together	ADV
fsr-3420	445	10	a	a	DET
fsr-3420	445	11	retirement	retirement	NOUN
fsr-3420	445	12	plan	plan	NOUN
fsr-3420	445	13	will	will	AUX
fsr-3420	445	14	be	be	AUX
fsr-3420	445	15	either	either	CCONJ
fsr-3420	445	16	an	an	DET
fsr-3420	445	17	educated	educate	VERB
fsr-3420	445	18	guess	guess	NOUN
fsr-3420	445	19	of	of	ADP
fsr-3420	445	20	the	the	DET
fsr-3420	445	21	person	person	NOUN
fsr-3420	445	22	’s	’s	PART
fsr-3420	445	23	remaining	remain	VERB
fsr-3420	445	24	life	life	NOUN
fsr-3420	445	25	span	span	NOUN
fsr-3420	445	26	(	(	PUNCT
fsr-3420	445	27	based	base	VERB
fsr-3420	445	28	on	on	ADP
fsr-3420	445	29	age	age	NOUN
fsr-3420	445	30	,	,	PUNCT
fsr-3420	445	31	life	life	NOUN
fsr-3420	445	32	expectancy	expectancy	NOUN
fsr-3420	445	33	data	datum	NOUN
fsr-3420	445	34	,	,	PUNCT
fsr-3420	445	35	health	health	NOUN
fsr-3420	445	36	outlook	outlook	NOUN
fsr-3420	445	37	,	,	PUNCT
fsr-3420	445	38	family	family	NOUN
fsr-3420	445	39	history	history	NOUN
fsr-3420	445	40	,	,	PUNCT
fsr-3420	445	41	etc	etc	X
fsr-3420	445	42	.	.	X
fsr-3420	445	43	)	)	PUNCT
fsr-3420	445	44	or	or	CCONJ
fsr-3420	445	45	an	an	DET
fsr-3420	445	46	intentional	intentional	ADJ
fsr-3420	445	47	“	"	PUNCT
fsr-3420	445	48	overshoot	overshoot	NOUN
fsr-3420	445	49	”	"	PUNCT
fsr-3420	445	50	figure	figure	NOUN
fsr-3420	445	51	to	to	PART
fsr-3420	445	52	accommodate	accommodate	VERB
fsr-3420	445	53	the	the	DET
fsr-3420	445	54	possibility	possibility	NOUN
fsr-3420	445	55	of	of	ADP
fsr-3420	445	56	an	an	DET
fsr-3420	445	57	unusually	unusually	ADV
fsr-3420	445	58	long	long	ADJ
fsr-3420	445	59	life	life	NOUN
fsr-3420	445	60	.	.	PUNCT
fsr-3420	446	1	if	if	SCONJ
fsr-3420	446	2	she	she	PRON
fsr-3420	446	3	is	be	AUX
fsr-3420	446	4	using	use	VERB
fsr-3420	446	5	the	the	DET
fsr-3420	446	6	realistic	realistic	ADJ
fsr-3420	446	7	figure	figure	NOUN
fsr-3420	446	8	,	,	PUNCT
fsr-3420	446	9	she	she	PRON
fsr-3420	446	10	wants	want	VERB
fsr-3420	446	11	to	to	PART
fsr-3420	446	12	know	know	VERB
fsr-3420	446	13	what	what	PRON
fsr-3420	446	14	happens	happen	VERB
fsr-3420	446	15	if	if	SCONJ
fsr-3420	446	16	she	she	PRON
fsr-3420	446	17	misses	miss	VERB
fsr-3420	446	18	;	;	PUNCT
fsr-3420	446	19	in	in	ADP
fsr-3420	446	20	particular	particular	ADJ
fsr-3420	446	21	,	,	PUNCT
fsr-3420	446	22	she	she	PRON
fsr-3420	446	23	would	would	AUX
fsr-3420	446	24	like	like	VERB
fsr-3420	446	25	to	to	PART
fsr-3420	446	26	know	know	VERB
fsr-3420	446	27	how	how	SCONJ
fsr-3420	446	28	large	large	ADJ
fsr-3420	446	29	would	would	AUX
fsr-3420	446	30	the	the	DET
fsr-3420	446	31	fig	fig	NOUN
fsr-3420	446	32	.	.	PUNCT
fsr-3420	447	1	19	19	NUM
fsr-3420	447	2	.	.	NOUN
fsr-3420	447	3	frequency	frequency	NOUN
fsr-3420	447	4	distribution	distribution	NOUN
fsr-3420	447	5	for	for	ADP
fsr-3420	447	6	historical	historical	ADJ
fsr-3420	447	7	pwr	pwr	NOUN
fsr-3420	447	8	,	,	PUNCT
fsr-3420	447	9	by	by	ADP
fsr-3420	447	10	bequest	bequest	NOUN
fsr-3420	447	11	goal	goal	NOUN
fsr-3420	447	12	level	level	NOUN
fsr-3420	447	13	,	,	PUNCT
fsr-3420	447	14	for	for	ADP
fsr-3420	447	15	all	all	DET
fsr-3420	447	16	-	-	PUNCT
fsr-3420	447	17	stocks	stock	NOUN
fsr-3420	447	18	portfolio	portfolio	NOUN
fsr-3420	447	19	and	and	CCONJ
fsr-3420	447	20	30	30	NUM
fsr-3420	447	21	-	-	PUNCT
fsr-3420	447	22	year	year	NOUN
fsr-3420	447	23	horizon	horizon	NOUN
fsr-3420	447	24	.	.	PUNCT
fsr-3420	448	1	for	for	ADP
fsr-3420	448	2	any	any	DET
fsr-3420	448	3	given	give	VERB
fsr-3420	448	4	period	period	NOUN
fsr-3420	448	5	in	in	ADP
fsr-3420	448	6	the	the	DET
fsr-3420	448	7	historical	historical	ADJ
fsr-3420	448	8	record	record	NOUN
fsr-3420	448	9	,	,	PUNCT
fsr-3420	448	10	the	the	DET
fsr-3420	448	11	reduction	reduction	NOUN
fsr-3420	448	12	in	in	ADP
fsr-3420	448	13	the	the	DET
fsr-3420	448	14	withdrawal	withdrawal	NOUN
fsr-3420	448	15	rate	rate	NOUN
fsr-3420	448	16	required	require	VERB
fsr-3420	448	17	to	to	PART
fsr-3420	448	18	accommodate	accommodate	VERB
fsr-3420	448	19	a	a	DET
fsr-3420	448	20	positive	positive	ADJ
fsr-3420	448	21	final	final	ADJ
fsr-3420	448	22	balance	balance	NOUN
fsr-3420	448	23	is	be	AUX
fsr-3420	448	24	equal	equal	ADJ
fsr-3420	448	25	to	to	ADP
fsr-3420	448	26	the	the	DET
fsr-3420	448	27	sequencing	sequence	VERB
fsr-3420	448	28	factor	factor	NOUN
fsr-3420	448	29	for	for	ADP
fsr-3420	448	30	that	that	DET
fsr-3420	448	31	period	period	NOUN
fsr-3420	448	32	times	time	NOUN
fsr-3420	448	33	the	the	DET
fsr-3420	448	34	bequest	bequ	ADJ
fsr-3420	448	35	goal	goal	NOUN
fsr-3420	448	36	sought	seek	VERB
fsr-3420	448	37	.	.	PUNCT
fsr-3420	449	1	this	this	PRON
fsr-3420	449	2	means	mean	VERB
fsr-3420	449	3	that	that	SCONJ
fsr-3420	449	4	periods	period	VERB
fsr-3420	449	5	that	that	PRON
fsr-3420	449	6	registered	register	VERB
fsr-3420	449	7	a	a	DET
fsr-3420	449	8	high	high	ADJ
fsr-3420	449	9	sequencing	sequence	VERB
fsr-3420	449	10	factor	factor	NOUN
fsr-3420	449	11	(	(	PUNCT
fsr-3420	449	12	good	good	ADJ
fsr-3420	449	13	for	for	ADP
fsr-3420	449	14	the	the	DET
fsr-3420	449	15	retiree	retiree	NOUN
fsr-3420	449	16	)	)	PUNCT
fsr-3420	449	17	are	be	AUX
fsr-3420	449	18	also	also	ADV
fsr-3420	449	19	more	more	ADV
fsr-3420	449	20	sensitive	sensitive	ADJ
fsr-3420	449	21	to	to	ADP
fsr-3420	449	22	the	the	DET
fsr-3420	449	23	introduction	introduction	NOUN
fsr-3420	449	24	of	of	ADP
fsr-3420	449	25	a	a	DET
fsr-3420	449	26	bequest	bequ	ADJ
fsr-3420	449	27	goal	goal	NOUN
fsr-3420	449	28	.	.	PUNCT
fsr-3420	450	1	e.d	e.d	PROPN
fsr-3420	450	2	.	.	PROPN
fsr-3420	450	3	suarez	suarez	PROPN
fsr-3420	450	4	/	/	SYM
fsr-3420	450	5	financial	financial	ADJ
fsr-3420	450	6	services	service	NOUN
fsr-3420	450	7	review	review	VERB
fsr-3420	450	8	28	28	NUM
fsr-3420	450	9	(	(	PUNCT
fsr-3420	450	10	2020	2020	NUM
fsr-3420	450	11	)	)	PUNCT
fsr-3420	451	1	96–132	96–132	NUM
fsr-3420	451	2	121	121	NUM
fsr-3420	451	3	adjustments	adjustment	NOUN
fsr-3420	451	4	be	be	VERB
fsr-3420	451	5	if	if	SCONJ
fsr-3420	451	6	she	she	PRON
fsr-3420	451	7	ends	end	VERB
fsr-3420	451	8	up	up	ADP
fsr-3420	451	9	living	live	VERB
fsr-3420	451	10	longer	long	ADV
fsr-3420	451	11	than	than	SCONJ
fsr-3420	451	12	she	she	PRON
fsr-3420	451	13	thought	think	VERB
fsr-3420	451	14	.	.	PUNCT
fsr-3420	452	1	if	if	SCONJ
fsr-3420	452	2	she	she	PRON
fsr-3420	452	3	is	be	AUX
fsr-3420	452	4	“	"	PUNCT
fsr-3420	452	5	padding	pad	VERB
fsr-3420	452	6	up	up	ADP
fsr-3420	452	7	”	"	PUNCT
fsr-3420	452	8	the	the	DET
fsr-3420	452	9	horizon	horizon	NOUN
fsr-3420	452	10	length	length	NOUN
fsr-3420	452	11	,	,	PUNCT
fsr-3420	452	12	she	she	PRON
fsr-3420	452	13	wants	want	VERB
fsr-3420	452	14	to	to	PART
fsr-3420	452	15	know	know	VERB
fsr-3420	452	16	the	the	DET
fsr-3420	452	17	price	price	NOUN
fsr-3420	452	18	she	she	PRON
fsr-3420	452	19	is	be	AUX
fsr-3420	452	20	paying	pay	VERB
fsr-3420	452	21	for	for	ADP
fsr-3420	452	22	doing	do	VERB
fsr-3420	452	23	this	this	PRON
fsr-3420	452	24	,	,	PUNCT
fsr-3420	452	25	that	that	ADV
fsr-3420	452	26	is	is	ADV
fsr-3420	452	27	,	,	PUNCT
fsr-3420	452	28	how	how	SCONJ
fsr-3420	452	29	much	much	ADJ
fsr-3420	452	30	is	be	AUX
fsr-3420	452	31	the	the	DET
fsr-3420	452	32	withdrawal	withdrawal	NOUN
fsr-3420	452	33	amount	amount	NOUN
fsr-3420	452	34	lowered	lower	VERB
fsr-3420	452	35	by	by	ADP
fsr-3420	452	36	this	this	DET
fsr-3420	452	37	arbitrary	arbitrary	ADJ
fsr-3420	452	38	extension	extension	NOUN
fsr-3420	452	39	of	of	ADP
fsr-3420	452	40	the	the	DET
fsr-3420	452	41	planning	planning	NOUN
fsr-3420	452	42	horizon	horizon	NOUN
fsr-3420	452	43	.	.	PUNCT
fsr-3420	453	1	the	the	DET
fsr-3420	453	2	second	second	ADJ
fsr-3420	453	3	reason	reason	NOUN
fsr-3420	453	4	is	be	AUX
fsr-3420	453	5	that	that	SCONJ
fsr-3420	453	6	the	the	DET
fsr-3420	453	7	retiree	retiree	NOUN
fsr-3420	453	8	will	will	AUX
fsr-3420	453	9	probably	probably	ADV
fsr-3420	453	10	want	want	VERB
fsr-3420	453	11	to	to	PART
fsr-3420	453	12	change	change	VERB
fsr-3420	453	13	this	this	DET
fsr-3420	453	14	figure	figure	NOUN
fsr-3420	453	15	along	along	ADP
fsr-3420	453	16	the	the	DET
fsr-3420	453	17	way	way	NOUN
fsr-3420	453	18	.	.	PUNCT
fsr-3420	454	1	perhaps	perhaps	ADV
fsr-3420	454	2	a	a	DET
fsr-3420	454	3	new	new	ADJ
fsr-3420	454	4	medical	medical	ADJ
fsr-3420	454	5	breakthrough	breakthrough	NOUN
fsr-3420	454	6	will	will	AUX
fsr-3420	454	7	benefit	benefit	VERB
fsr-3420	454	8	her	she	PRON
fsr-3420	454	9	,	,	PUNCT
fsr-3420	454	10	increasing	increase	VERB
fsr-3420	454	11	her	her	PRON
fsr-3420	454	12	life	life	NOUN
fsr-3420	454	13	expectancy	expectancy	NOUN
fsr-3420	454	14	.	.	PUNCT
fsr-3420	455	1	or	or	CCONJ
fsr-3420	455	2	if	if	SCONJ
fsr-3420	455	3	she	she	PRON
fsr-3420	455	4	adopts	adopt	VERB
fsr-3420	455	5	healthier	healthy	ADJ
fsr-3420	455	6	habits	habit	NOUN
fsr-3420	455	7	—	—	PUNCT
fsr-3420	455	8	exercise	exercise	NOUN
fsr-3420	455	9	,	,	PUNCT
fsr-3420	455	10	better	well	ADJ
fsr-3420	455	11	nutrition	nutrition	NOUN
fsr-3420	455	12	,	,	PUNCT
fsr-3420	455	13	quitting	quit	VERB
fsr-3420	455	14	smoking	smoking	NOUN
fsr-3420	455	15	—	—	PUNCT
fsr-3420	455	16	what	what	PRON
fsr-3420	455	17	happens	happen	VERB
fsr-3420	455	18	then	then	ADV
fsr-3420	455	19	?	?	PUNCT
fsr-3420	456	1	how	how	SCONJ
fsr-3420	456	2	bad	bad	ADJ
fsr-3420	456	3	would	would	AUX
fsr-3420	456	4	it	it	PRON
fsr-3420	456	5	be	be	AUX
fsr-3420	456	6	if	if	SCONJ
fsr-3420	456	7	she	she	PRON
fsr-3420	456	8	suddenly	suddenly	ADV
fsr-3420	456	9	needed	need	VERB
fsr-3420	456	10	to	to	PART
fsr-3420	456	11	make	make	VERB
fsr-3420	456	12	her	her	PRON
fsr-3420	456	13	funds	fund	NOUN
fsr-3420	456	14	last	last	ADJ
fsr-3420	456	15	a	a	DET
fsr-3420	456	16	longer	long	ADJ
fsr-3420	456	17	number	number	NOUN
fsr-3420	456	18	of	of	ADP
fsr-3420	456	19	years	year	NOUN
fsr-3420	456	20	?	?	PUNCT
fsr-3420	457	1	and	and	CCONJ
fsr-3420	457	2	we	we	PRON
fsr-3420	457	3	must	must	AUX
fsr-3420	457	4	also	also	ADV
fsr-3420	457	5	be	be	AUX
fsr-3420	457	6	ready	ready	ADJ
fsr-3420	457	7	for	for	ADP
fsr-3420	457	8	the	the	DET
fsr-3420	457	9	opposite	opposite	ADJ
fsr-3420	457	10	case	case	NOUN
fsr-3420	457	11	,	,	PUNCT
fsr-3420	457	12	when	when	SCONJ
fsr-3420	457	13	health	health	NOUN
fsr-3420	457	14	developments	development	NOUN
fsr-3420	457	15	are	be	AUX
fsr-3420	457	16	such	such	ADJ
fsr-3420	457	17	that	that	SCONJ
fsr-3420	457	18	a	a	DET
fsr-3420	457	19	reduction	reduction	NOUN
fsr-3420	457	20	in	in	ADP
fsr-3420	457	21	the	the	DET
fsr-3420	457	22	planning	planning	NOUN
fsr-3420	457	23	horizon	horizon	NOUN
fsr-3420	457	24	seems	seem	VERB
fsr-3420	457	25	to	to	PART
fsr-3420	457	26	be	be	AUX
fsr-3420	457	27	in	in	ADP
fsr-3420	457	28	order	order	NOUN
fsr-3420	457	29	.	.	PUNCT
fsr-3420	458	1	indeed	indeed	ADV
fsr-3420	458	2	,	,	PUNCT
fsr-3420	458	3	the	the	DET
fsr-3420	458	4	number	number	NOUN
fsr-3420	458	5	of	of	ADP
fsr-3420	458	6	years	year	NOUN
fsr-3420	458	7	remaining	remain	VERB
fsr-3420	458	8	in	in	ADP
fsr-3420	458	9	the	the	DET
fsr-3420	458	10	horizon	horizon	NOUN
fsr-3420	458	11	is	be	AUX
fsr-3420	458	12	a	a	DET
fsr-3420	458	13	different	different	ADJ
fsr-3420	458	14	sort	sort	NOUN
fsr-3420	458	15	of	of	ADP
fsr-3420	458	16	uncertainty	uncertainty	NOUN
fsr-3420	458	17	that	that	PRON
fsr-3420	458	18	needs	need	VERB
fsr-3420	458	19	to	to	PART
fsr-3420	458	20	be	be	AUX
fsr-3420	458	21	addressed	address	VERB
fsr-3420	458	22	,	,	PUNCT
fsr-3420	458	23	perhaps	perhaps	ADV
fsr-3420	458	24	stochastically	stochastically	ADV
fsr-3420	458	25	.	.	PUNCT
fsr-3420	459	1	in	in	ADP
fsr-3420	459	2	this	this	DET
fsr-3420	459	3	paper	paper	NOUN
fsr-3420	459	4	we	we	PRON
fsr-3420	459	5	are	be	AUX
fsr-3420	459	6	treating	treat	VERB
fsr-3420	459	7	it	it	PRON
fsr-3420	459	8	as	as	ADP
fsr-3420	459	9	a	a	DET
fsr-3420	459	10	purely	purely	ADV
fsr-3420	459	11	subjective	subjective	ADJ
fsr-3420	459	12	choice	choice	NOUN
fsr-3420	459	13	,	,	PUNCT
fsr-3420	459	14	but	but	CCONJ
fsr-3420	459	15	even	even	ADV
fsr-3420	459	16	a	a	DET
fsr-3420	459	17	change	change	NOUN
fsr-3420	459	18	in	in	ADP
fsr-3420	459	19	the	the	DET
fsr-3420	459	20	perception	perception	NOUN
fsr-3420	459	21	of	of	ADP
fsr-3420	459	22	the	the	DET
fsr-3420	459	23	numbers	number	NOUN
fsr-3420	459	24	of	of	ADP
fsr-3420	459	25	years	year	NOUN
fsr-3420	459	26	still	still	ADV
fsr-3420	459	27	ahead	ahead	ADV
fsr-3420	459	28	for	for	ADP
fsr-3420	459	29	the	the	DET
fsr-3420	459	30	retiree	retiree	NOUN
fsr-3420	459	31	(	(	PUNCT
fsr-3420	459	32	or	or	CCONJ
fsr-3420	459	33	a	a	DET
fsr-3420	459	34	change	change	NOUN
fsr-3420	459	35	in	in	ADP
fsr-3420	459	36	the	the	DET
fsr-3420	459	37	current	current	ADJ
fsr-3420	459	38	age	age	NOUN
fsr-3420	459	39	of	of	ADP
fsr-3420	459	40	the	the	DET
fsr-3420	459	41	retiree	retiree	NOUN
fsr-3420	459	42	under	under	ADP
fsr-3420	459	43	consideration	consideration	NOUN
fsr-3420	459	44	)	)	PUNCT
fsr-3420	459	45	is	be	AUX
fsr-3420	459	46	a	a	DET
fsr-3420	459	47	drastic	drastic	ADJ
fsr-3420	459	48	modification	modification	NOUN
fsr-3420	459	49	of	of	ADP
fsr-3420	459	50	the	the	DET
fsr-3420	459	51	estimation	estimation	NOUN
fsr-3420	459	52	problem	problem	NOUN
fsr-3420	459	53	.	.	PUNCT
fsr-3420	460	1	even	even	ADV
fsr-3420	460	2	though	though	SCONJ
fsr-3420	460	3	the	the	DET
fsr-3420	460	4	return	return	NOUN
fsr-3420	460	5	rates	rate	NOUN
fsr-3420	460	6	going	go	VERB
fsr-3420	460	7	forward	forward	ADV
fsr-3420	460	8	remain	remain	VERB
fsr-3420	460	9	of	of	ADP
fsr-3420	460	10	course	course	NOUN
fsr-3420	460	11	the	the	DET
fsr-3420	460	12	same	same	ADJ
fsr-3420	460	13	,	,	PUNCT
fsr-3420	460	14	a	a	DET
fsr-3420	460	15	change	change	NOUN
fsr-3420	460	16	in	in	ADP
fsr-3420	460	17	the	the	DET
fsr-3420	460	18	planning	planning	NOUN
fsr-3420	460	19	horizon	horizon	NOUN
fsr-3420	460	20	is	be	AUX
fsr-3420	460	21	a	a	DET
fsr-3420	460	22	change	change	NOUN
fsr-3420	460	23	in	in	ADP
fsr-3420	460	24	our	our	PRON
fsr-3420	460	25	choice	choice	NOUN
fsr-3420	460	26	of	of	ADP
fsr-3420	460	27	cutoff	cutoff	NOUN
fsr-3420	460	28	point	point	NOUN
fsr-3420	460	29	for	for	ADP
fsr-3420	460	30	that	that	DET
fsr-3420	460	31	future	future	ADJ
fsr-3420	460	32	sequence	sequence	NOUN
fsr-3420	460	33	.	.	PUNCT
fsr-3420	461	1	we	we	PRON
fsr-3420	461	2	start	start	VERB
fsr-3420	461	3	by	by	ADP
fsr-3420	461	4	extending	extend	VERB
fsr-3420	461	5	the	the	DET
fsr-3420	461	6	planning	planning	NOUN
fsr-3420	461	7	horizon	horizon	NOUN
fsr-3420	461	8	to	to	ADP
fsr-3420	461	9	35	35	NUM
fsr-3420	461	10	and	and	CCONJ
fsr-3420	461	11	40	40	NUM
fsr-3420	461	12	years	year	NOUN
fsr-3420	461	13	.	.	PUNCT
fsr-3420	462	1	fig	fig	NOUN
fsr-3420	462	2	.	.	PUNCT
fsr-3420	463	1	20	20	NUM
fsr-3420	463	2	presents	present	VERB
fsr-3420	463	3	the	the	DET
fsr-3420	463	4	values	value	NOUN
fsr-3420	463	5	that	that	PRON
fsr-3420	463	6	the	the	DET
fsr-3420	463	7	pwr	pwr	NOUN
fsr-3420	463	8	has	have	AUX
fsr-3420	463	9	taken	take	VERB
fsr-3420	463	10	,	,	PUNCT
fsr-3420	463	11	over	over	ADP
fsr-3420	463	12	the	the	DET
fsr-3420	463	13	historical	historical	ADJ
fsr-3420	463	14	record	record	NOUN
fsr-3420	463	15	,	,	PUNCT
fsr-3420	463	16	for	for	ADP
fsr-3420	463	17	these	these	DET
fsr-3420	463	18	alternate	alternate	ADJ
fsr-3420	463	19	specifications	specification	NOUN
fsr-3420	463	20	.	.	PUNCT
fsr-3420	464	1	once	once	ADV
fsr-3420	464	2	again	again	ADV
fsr-3420	464	3	,	,	PUNCT
fsr-3420	464	4	as	as	ADP
fsr-3420	464	5	in	in	ADP
fsr-3420	464	6	the	the	DET
fsr-3420	464	7	case	case	NOUN
fsr-3420	464	8	of	of	ADP
fsr-3420	464	9	bequest	bequest	NOUN
fsr-3420	464	10	goals	goal	NOUN
fsr-3420	464	11	,	,	PUNCT
fsr-3420	464	12	we	we	PRON
fsr-3420	464	13	find	find	VERB
fsr-3420	464	14	that	that	SCONJ
fsr-3420	464	15	the	the	DET
fsr-3420	464	16	decrease	decrease	NOUN
fsr-3420	464	17	in	in	ADP
fsr-3420	464	18	the	the	DET
fsr-3420	464	19	pwr	pwr	NOUN
fsr-3420	464	20	produced	produce	VERB
fsr-3420	464	21	by	by	ADP
fsr-3420	464	22	the	the	DET
fsr-3420	464	23	extension	extension	NOUN
fsr-3420	464	24	of	of	ADP
fsr-3420	464	25	the	the	DET
fsr-3420	464	26	planning	planning	NOUN
fsr-3420	464	27	horizon	horizon	NOUN
fsr-3420	464	28	is	be	AUX
fsr-3420	464	29	remarkably	remarkably	ADV
fsr-3420	464	30	small	small	ADJ
fsr-3420	464	31	.	.	PUNCT
fsr-3420	465	1	for	for	ADP
fsr-3420	465	2	the	the	DET
fsr-3420	465	3	40	40	NUM
fsr-3420	465	4	-	-	PUNCT
fsr-3420	465	5	year	year	NOUN
fsr-3420	465	6	specification	specification	NOUN
fsr-3420	465	7	,	,	PUNCT
fsr-3420	465	8	the	the	DET
fsr-3420	465	9	difference	difference	NOUN
fsr-3420	465	10	in	in	ADP
fsr-3420	465	11	the	the	DET
fsr-3420	465	12	pwr	pwr	NOUN
fsr-3420	465	13	with	with	ADP
fsr-3420	465	14	respect	respect	NOUN
fsr-3420	465	15	to	to	ADP
fsr-3420	465	16	the	the	DET
fsr-3420	465	17	standard	standard	ADJ
fsr-3420	465	18	scenario	scenario	NOUN
fsr-3420	465	19	is	be	AUX
fsr-3420	465	20	at	at	ADP
fsr-3420	465	21	most	most	ADJ
fsr-3420	465	22	1.5	1.5	NUM
fsr-3420	465	23	fig	fig	NOUN
fsr-3420	465	24	.	.	PUNCT
fsr-3420	466	1	20	20	NUM
fsr-3420	466	2	.	.	X
fsr-3420	466	3	pwr	pwr	NOUN
fsr-3420	466	4	for	for	ADP
fsr-3420	466	5	standard	standard	ADJ
fsr-3420	466	6	scenario	scenario	NOUN
fsr-3420	466	7	(	(	PUNCT
fsr-3420	466	8	30	30	NUM
fsr-3420	466	9	years	year	NOUN
fsr-3420	466	10	)	)	PUNCT
fsr-3420	466	11	versus	versus	ADP
fsr-3420	466	12	35	35	NUM
fsr-3420	466	13	-	-	PUNCT
fsr-3420	466	14	year	year	NOUN
fsr-3420	466	15	long	long	ADJ
fsr-3420	466	16	and	and	CCONJ
fsr-3420	466	17	40	40	NUM
fsr-3420	466	18	-	-	PUNCT
fsr-3420	466	19	year	year	NOUN
fsr-3420	466	20	long	long	ADJ
fsr-3420	466	21	horizons	horizon	NOUN
fsr-3420	466	22	.	.	PUNCT
fsr-3420	467	1	all	all	DET
fsr-3420	467	2	cases	case	NOUN
fsr-3420	467	3	computed	compute	VERB
fsr-3420	467	4	using	use	VERB
fsr-3420	467	5	100%-stocks	100%-stock	NOUN
fsr-3420	467	6	and	and	CCONJ
fsr-3420	467	7	zero	zero	NUM
fsr-3420	467	8	bequest	bequest	NOUN
fsr-3420	467	9	(	(	PUNCT
fsr-3420	467	10	total	total	ADJ
fsr-3420	467	11	exhaustion	exhaustion	NOUN
fsr-3420	467	12	)	)	PUNCT
fsr-3420	467	13	.	.	PUNCT
fsr-3420	468	1	the	the	DET
fsr-3420	468	2	adjustments	adjustment	NOUN
fsr-3420	468	3	required	require	VERB
fsr-3420	468	4	to	to	PART
fsr-3420	468	5	accommodate	accommodate	VERB
fsr-3420	468	6	longer	long	ADJ
fsr-3420	468	7	lifespans	lifespan	NOUN
fsr-3420	468	8	are	be	AUX
fsr-3420	468	9	smaller	small	ADJ
fsr-3420	468	10	than	than	SCONJ
fsr-3420	468	11	might	might	AUX
fsr-3420	468	12	be	be	AUX
fsr-3420	468	13	expected	expect	VERB
fsr-3420	468	14	.	.	PUNCT
fsr-3420	469	1	122	122	NUM
fsr-3420	469	2	e.d	e.d	PROPN
fsr-3420	469	3	.	.	PROPN
fsr-3420	469	4	suarez	suarez	PROPN
fsr-3420	469	5	/	/	SYM
fsr-3420	469	6	financial	financial	ADJ
fsr-3420	469	7	services	service	NOUN
fsr-3420	469	8	review	review	VERB
fsr-3420	469	9	28	28	NUM
fsr-3420	469	10	(	(	PUNCT
fsr-3420	469	11	2020	2020	NUM
fsr-3420	469	12	)	)	PUNCT
fsr-3420	470	1	96–132	96–132	NUM
fsr-3420	470	2	percentage	percentage	NOUN
fsr-3420	470	3	points	point	NOUN
fsr-3420	470	4	,	,	PUNCT
fsr-3420	470	5	and	and	CCONJ
fsr-3420	470	6	sometimes	sometimes	ADV
fsr-3420	470	7	it	it	PRON
fsr-3420	470	8	is	be	AUX
fsr-3420	470	9	as	as	ADV
fsr-3420	470	10	low	low	ADJ
fsr-3420	470	11	as	as	ADP
fsr-3420	470	12	0.1	0.1	NUM
fsr-3420	470	13	points	point	NOUN
fsr-3420	470	14	.	.	PUNCT
fsr-3420	471	1	the	the	DET
fsr-3420	471	2	median	median	PROPN
fsr-3420	471	3	differential	differential	NOUN
fsr-3420	471	4	is	be	AUX
fsr-3420	471	5	�	�	PROPN
fsr-3420	471	6	0.4	0.4	NUM
fsr-3420	471	7	points	point	NOUN
fsr-3420	471	8	.	.	PUNCT
fsr-3420	472	1	if	if	SCONJ
fsr-3420	472	2	we	we	PRON
fsr-3420	472	3	use	use	VERB
fsr-3420	472	4	the	the	DET
fsr-3420	472	5	pwa	pwa	PROPN
fsr-3420	472	6	variation	variation	NOUN
fsr-3420	472	7	as	as	ADP
fsr-3420	472	8	measure	measure	NOUN
fsr-3420	472	9	,	,	PUNCT
fsr-3420	472	10	the	the	DET
fsr-3420	472	11	results	result	NOUN
fsr-3420	472	12	remain	remain	VERB
fsr-3420	472	13	striking	striking	ADJ
fsr-3420	472	14	.	.	PUNCT
fsr-3420	473	1	in	in	ADP
fsr-3420	473	2	the	the	DET
fsr-3420	473	3	historical	historical	ADJ
fsr-3420	473	4	record	record	NOUN
fsr-3420	473	5	,	,	PUNCT
fsr-3420	473	6	the	the	DET
fsr-3420	473	7	cutback	cutback	NOUN
fsr-3420	473	8	to	to	ADP
fsr-3420	473	9	the	the	DET
fsr-3420	473	10	withdrawal	withdrawal	NOUN
fsr-3420	473	11	amount	amount	NOUN
fsr-3420	473	12	required	require	VERB
fsr-3420	473	13	to	to	PART
fsr-3420	473	14	make	make	VERB
fsr-3420	473	15	the	the	DET
fsr-3420	473	16	funds	fund	NOUN
fsr-3420	473	17	last	last	ADJ
fsr-3420	473	18	40	40	NUM
fsr-3420	473	19	years	year	NOUN
fsr-3420	473	20	instead	instead	ADV
fsr-3420	473	21	of	of	ADP
fsr-3420	473	22	30	30	NUM
fsr-3420	473	23	has	have	AUX
fsr-3420	473	24	never	never	ADV
fsr-3420	473	25	been	be	AUX
fsr-3420	473	26	larger	large	ADJ
fsr-3420	473	27	than	than	ADP
fsr-3420	473	28	11.4	11.4	NUM
fsr-3420	473	29	%	%	NOUN
fsr-3420	473	30	.	.	PUNCT
fsr-3420	474	1	as	as	ADP
fsr-3420	474	2	for	for	ADP
fsr-3420	474	3	the	the	DET
fsr-3420	474	4	minimum	minimum	NOUN
fsr-3420	474	5	,	,	PUNCT
fsr-3420	474	6	an	an	DET
fsr-3420	474	7	investor	investor	NOUN
fsr-3420	474	8	who	who	PRON
fsr-3420	474	9	entered	enter	VERB
fsr-3420	474	10	retirement	retirement	NOUN
fsr-3420	474	11	in	in	ADP
fsr-3420	474	12	april	april	PROPN
fsr-3420	474	13	1932	1932	NUM
fsr-3420	474	14	with	with	ADP
fsr-3420	474	15	$	$	SYM
fsr-3420	474	16	1	1	NUM
fsr-3420	474	17	million	million	NUM
fsr-3420	474	18	could	could	AUX
fsr-3420	474	19	have	have	AUX
fsr-3420	474	20	taken	take	VERB
fsr-3420	474	21	out	out	ADP
fsr-3420	474	22	$	$	SYM
fsr-3420	474	23	94,143	94,143	NUM
fsr-3420	474	24	for	for	ADP
fsr-3420	474	25	30	30	NUM
fsr-3420	474	26	years	year	NOUN
fsr-3420	474	27	,	,	PUNCT
fsr-3420	474	28	or	or	CCONJ
fsr-3420	474	29	$	$	SYM
fsr-3420	474	30	92,634	92,634	NUM
fsr-3420	474	31	for	for	ADP
fsr-3420	474	32	40	40	NUM
fsr-3420	474	33	years	year	NOUN
fsr-3420	474	34	—	—	PUNCT
fsr-3420	474	35	a	a	DET
fsr-3420	474	36	variation	variation	NOUN
fsr-3420	474	37	of	of	ADP
fsr-3420	474	38	just	just	ADV
fsr-3420	474	39	3.5	3.5	NUM
fsr-3420	474	40	%	%	NOUN
fsr-3420	474	41	!	!	PUNCT
fsr-3420	475	1	the	the	DET
fsr-3420	475	2	median	median	ADJ
fsr-3420	475	3	value	value	NOUN
fsr-3420	475	4	for	for	ADP
fsr-3420	475	5	the	the	DET
fsr-3420	475	6	pwa	pwa	PROPN
fsr-3420	475	7	variation	variation	NOUN
fsr-3420	475	8	is	be	AUX
fsr-3420	475	9	�	�	PROPN
fsr-3420	475	10	6.3	6.3	NUM
fsr-3420	475	11	%	%	NOUN
fsr-3420	475	12	,	,	PUNCT
fsr-3420	475	13	which	which	PRON
fsr-3420	475	14	means	mean	VERB
fsr-3420	475	15	that	that	SCONJ
fsr-3420	475	16	if	if	SCONJ
fsr-3420	475	17	a	a	DET
fsr-3420	475	18	retiree	retiree	NOUN
fsr-3420	475	19	decreases	decrease	VERB
fsr-3420	475	20	her	her	PRON
fsr-3420	475	21	withdrawal	withdrawal	NOUN
fsr-3420	475	22	from	from	ADP
fsr-3420	475	23	the	the	DET
fsr-3420	475	24	outset	outset	NOUN
fsr-3420	475	25	by	by	ADP
fsr-3420	475	26	just	just	ADV
fsr-3420	475	27	6.3	6.3	NUM
fsr-3420	475	28	%	%	NOUN
fsr-3420	475	29	,	,	PUNCT
fsr-3420	475	30	she	she	PRON
fsr-3420	475	31	will	will	AUX
fsr-3420	475	32	have	have	VERB
fsr-3420	475	33	a	a	DET
fsr-3420	475	34	50	50	NUM
fsr-3420	475	35	%	%	NOUN
fsr-3420	475	36	chance	chance	NOUN
fsr-3420	475	37	of	of	ADP
fsr-3420	475	38	being	be	AUX
fsr-3420	475	39	able	able	ADJ
fsr-3420	475	40	to	to	PART
fsr-3420	475	41	cover	cover	VERB
fsr-3420	475	42	10	10	NUM
fsr-3420	475	43	more	more	ADJ
fsr-3420	475	44	years.9	years.9	NOUN
fsr-3420	475	45	we	we	PRON
fsr-3420	475	46	believe	believe	VERB
fsr-3420	475	47	that	that	SCONJ
fsr-3420	475	48	a	a	DET
fsr-3420	475	49	majority	majority	NOUN
fsr-3420	475	50	of	of	ADP
fsr-3420	475	51	investors	investor	NOUN
fsr-3420	475	52	and	and	CCONJ
fsr-3420	475	53	retirees	retiree	NOUN
fsr-3420	475	54	would	would	AUX
fsr-3420	475	55	think	think	VERB
fsr-3420	475	56	that	that	SCONJ
fsr-3420	475	57	an	an	DET
fsr-3420	475	58	increase	increase	NOUN
fsr-3420	475	59	of	of	ADP
fsr-3420	475	60	one	one	NUM
fsr-3420	475	61	-	-	PUNCT
fsr-3420	475	62	third	third	NOUN
fsr-3420	475	63	in	in	ADP
fsr-3420	475	64	the	the	DET
fsr-3420	475	65	number	number	NOUN
fsr-3420	475	66	of	of	ADP
fsr-3420	475	67	periods	period	NOUN
fsr-3420	475	68	that	that	PRON
fsr-3420	475	69	must	must	AUX
fsr-3420	475	70	be	be	AUX
fsr-3420	475	71	covered	cover	VERB
fsr-3420	475	72	with	with	ADP
fsr-3420	475	73	the	the	DET
fsr-3420	475	74	funds	fund	NOUN
fsr-3420	475	75	available	available	ADJ
fsr-3420	475	76	would	would	AUX
fsr-3420	475	77	have	have	VERB
fsr-3420	475	78	a	a	DET
fsr-3420	475	79	much	much	ADV
fsr-3420	475	80	larger	large	ADJ
fsr-3420	475	81	impact	impact	NOUN
fsr-3420	475	82	on	on	ADP
fsr-3420	475	83	the	the	DET
fsr-3420	475	84	amount	amount	NOUN
fsr-3420	475	85	of	of	ADP
fsr-3420	475	86	money	money	NOUN
fsr-3420	475	87	they	they	PRON
fsr-3420	475	88	can	can	AUX
fsr-3420	475	89	withdraw	withdraw	VERB
fsr-3420	475	90	.	.	PUNCT
fsr-3420	476	1	it	it	PRON
fsr-3420	476	2	is	be	AUX
fsr-3420	476	3	certainly	certainly	ADV
fsr-3420	476	4	possible	possible	ADJ
fsr-3420	476	5	that	that	SCONJ
fsr-3420	476	6	some	some	DET
fsr-3420	476	7	35or	35or	ADJ
fsr-3420	476	8	40	40	NUM
fsr-3420	476	9	-	-	PUNCT
fsr-3420	476	10	year	year	NOUN
fsr-3420	476	11	periods	period	NOUN
fsr-3420	476	12	had	have	VERB
fsr-3420	476	13	very	very	ADV
fsr-3420	476	14	high	high	ADJ
fsr-3420	476	15	returns	return	NOUN
fsr-3420	476	16	in	in	ADP
fsr-3420	476	17	the	the	DET
fsr-3420	476	18	last	last	ADJ
fsr-3420	476	19	five	five	NUM
fsr-3420	476	20	or	or	CCONJ
fsr-3420	476	21	10	10	NUM
fsr-3420	476	22	years	year	NOUN
fsr-3420	476	23	,	,	PUNCT
fsr-3420	476	24	so	so	CCONJ
fsr-3420	476	25	the	the	DET
fsr-3420	476	26	horizon	horizon	NOUN
fsr-3420	476	27	extension	extension	NOUN
fsr-3420	476	28	managed	manage	VERB
fsr-3420	476	29	to	to	PART
fsr-3420	476	30	carry	carry	VERB
fsr-3420	476	31	its	its	PRON
fsr-3420	476	32	own	own	ADJ
fsr-3420	476	33	weight	weight	NOUN
fsr-3420	476	34	,	,	PUNCT
fsr-3420	476	35	so	so	ADV
fsr-3420	476	36	to	to	PART
fsr-3420	476	37	speak	speak	VERB
fsr-3420	476	38	,	,	PUNCT
fsr-3420	476	39	and	and	CCONJ
fsr-3420	476	40	did	do	AUX
fsr-3420	476	41	not	not	PART
fsr-3420	476	42	affect	affect	VERB
fsr-3420	476	43	the	the	DET
fsr-3420	476	44	withdrawal	withdrawal	NOUN
fsr-3420	476	45	amount	amount	NOUN
fsr-3420	476	46	very	very	ADV
fsr-3420	476	47	much	much	ADV
fsr-3420	476	48	.	.	PUNCT
fsr-3420	477	1	but	but	CCONJ
fsr-3420	477	2	this	this	PRON
fsr-3420	477	3	would	would	AUX
fsr-3420	477	4	be	be	AUX
fsr-3420	477	5	a	a	DET
fsr-3420	477	6	rare	rare	ADJ
fsr-3420	477	7	occurrence	occurrence	NOUN
fsr-3420	477	8	,	,	PUNCT
fsr-3420	477	9	and	and	CCONJ
fsr-3420	477	10	fig	fig	NOUN
fsr-3420	477	11	.	.	PUNCT
fsr-3420	478	1	20	20	NUM
fsr-3420	478	2	shows	show	VERB
fsr-3420	478	3	that	that	SCONJ
fsr-3420	478	4	a	a	DET
fsr-3420	478	5	small	small	ADJ
fsr-3420	478	6	decrease	decrease	NOUN
fsr-3420	478	7	in	in	ADP
fsr-3420	478	8	the	the	DET
fsr-3420	478	9	pwr	pwr	NOUN
fsr-3420	478	10	is	be	AUX
fsr-3420	478	11	the	the	DET
fsr-3420	478	12	norm	norm	NOUN
fsr-3420	478	13	,	,	PUNCT
fsr-3420	478	14	not	not	PART
fsr-3420	478	15	the	the	DET
fsr-3420	478	16	exception	exception	NOUN
fsr-3420	478	17	.	.	PUNCT
fsr-3420	479	1	rather	rather	ADV
fsr-3420	479	2	,	,	PUNCT
fsr-3420	479	3	this	this	DET
fsr-3420	479	4	feature	feature	NOUN
fsr-3420	479	5	seems	seem	VERB
fsr-3420	479	6	to	to	PART
fsr-3420	479	7	be	be	AUX
fsr-3420	479	8	embedded	embed	VERB
fsr-3420	479	9	in	in	ADP
fsr-3420	479	10	the	the	DET
fsr-3420	479	11	intrinsic	intrinsic	ADJ
fsr-3420	479	12	dynamics	dynamic	NOUN
fsr-3420	479	13	of	of	ADP
fsr-3420	479	14	the	the	DET
fsr-3420	479	15	drawdown	drawdown	ADJ
fsr-3420	479	16	process	process	NOUN
fsr-3420	479	17	.	.	PUNCT
fsr-3420	480	1	this	this	PRON
fsr-3420	480	2	is	be	AUX
fsr-3420	480	3	an	an	DET
fsr-3420	480	4	important	important	ADJ
fsr-3420	480	5	result	result	NOUN
fsr-3420	480	6	,	,	PUNCT
fsr-3420	480	7	as	as	SCONJ
fsr-3420	480	8	it	it	PRON
fsr-3420	480	9	seems	seem	VERB
fsr-3420	480	10	that	that	SCONJ
fsr-3420	480	11	prospective	prospective	ADJ
fsr-3420	480	12	retirees	retiree	NOUN
fsr-3420	480	13	perhaps	perhaps	ADV
fsr-3420	480	14	do	do	AUX
fsr-3420	480	15	not	not	PART
fsr-3420	480	16	have	have	VERB
fsr-3420	480	17	to	to	PART
fsr-3420	480	18	worry	worry	VERB
fsr-3420	480	19	so	so	ADV
fsr-3420	480	20	much	much	ADV
fsr-3420	480	21	about	about	ADP
fsr-3420	480	22	underestimating	underestimate	VERB
fsr-3420	480	23	their	their	PRON
fsr-3420	480	24	life	life	NOUN
fsr-3420	480	25	expectancy	expectancy	NOUN
fsr-3420	480	26	:	:	PUNCT
fsr-3420	480	27	there	there	PRON
fsr-3420	480	28	will	will	AUX
fsr-3420	480	29	be	be	AUX
fsr-3420	480	30	plenty	plenty	NOUN
fsr-3420	480	31	of	of	ADP
fsr-3420	480	32	time	time	NOUN
fsr-3420	480	33	to	to	PART
fsr-3420	480	34	react	react	VERB
fsr-3420	480	35	and	and	CCONJ
fsr-3420	480	36	,	,	PUNCT
fsr-3420	480	37	in	in	ADP
fsr-3420	480	38	all	all	DET
fsr-3420	480	39	likelihood	likelihood	NOUN
fsr-3420	480	40	,	,	PUNCT
fsr-3420	480	41	the	the	DET
fsr-3420	480	42	reaction	reaction	NOUN
fsr-3420	480	43	will	will	AUX
fsr-3420	480	44	not	not	PART
fsr-3420	480	45	have	have	VERB
fsr-3420	480	46	to	to	PART
fsr-3420	480	47	be	be	AUX
fsr-3420	480	48	severe	severe	ADJ
fsr-3420	480	49	.	.	PUNCT
fsr-3420	481	1	it	it	PRON
fsr-3420	481	2	is	be	AUX
fsr-3420	481	3	important	important	ADJ
fsr-3420	481	4	to	to	PART
fsr-3420	481	5	stress	stress	VERB
fsr-3420	481	6	,	,	PUNCT
fsr-3420	481	7	however	however	ADV
fsr-3420	481	8	,	,	PUNCT
fsr-3420	481	9	that	that	SCONJ
fsr-3420	481	10	for	for	ADP
fsr-3420	481	11	this	this	DET
fsr-3420	481	12	result	result	NOUN
fsr-3420	481	13	to	to	PART
fsr-3420	481	14	hold	hold	VERB
fsr-3420	481	15	the	the	DET
fsr-3420	481	16	horizon	horizon	NOUN
fsr-3420	481	17	extension	extension	NOUN
fsr-3420	481	18	needs	need	VERB
fsr-3420	481	19	to	to	PART
fsr-3420	481	20	be	be	AUX
fsr-3420	481	21	acknowledged	acknowledge	VERB
fsr-3420	481	22	and	and	CCONJ
fsr-3420	481	23	applied	apply	VERB
fsr-3420	481	24	in	in	ADP
fsr-3420	481	25	the	the	DET
fsr-3420	481	26	early	early	ADJ
fsr-3420	481	27	stages	stage	NOUN
fsr-3420	481	28	of	of	ADP
fsr-3420	481	29	the	the	DET
fsr-3420	481	30	retirement	retirement	NOUN
fsr-3420	481	31	period	period	NOUN
fsr-3420	481	32	.	.	PUNCT
fsr-3420	482	1	thus	thus	ADV
fsr-3420	482	2	,	,	PUNCT
fsr-3420	482	3	for	for	ADP
fsr-3420	482	4	example	example	NOUN
fsr-3420	482	5	,	,	PUNCT
fsr-3420	482	6	if	if	SCONJ
fsr-3420	482	7	at	at	ADP
fsr-3420	482	8	the	the	DET
fsr-3420	482	9	very	very	ADJ
fsr-3420	482	10	beginning	beginning	NOUN
fsr-3420	482	11	of	of	ADP
fsr-3420	482	12	retirement	retirement	NOUN
fsr-3420	482	13	,	,	PUNCT
fsr-3420	482	14	the	the	DET
fsr-3420	482	15	investor	investor	NOUN
fsr-3420	482	16	is	be	AUX
fsr-3420	482	17	unsure	unsure	ADJ
fsr-3420	482	18	whether	whether	SCONJ
fsr-3420	482	19	to	to	PART
fsr-3420	482	20	use	use	VERB
fsr-3420	482	21	a	a	DET
fsr-3420	482	22	30	30	NUM
fsr-3420	482	23	-	-	PUNCT
fsr-3420	482	24	year	year	NOUN
fsr-3420	482	25	long	long	ADJ
fsr-3420	482	26	or	or	CCONJ
fsr-3420	482	27	a	a	DET
fsr-3420	482	28	35	35	NUM
fsr-3420	482	29	-	-	PUNCT
fsr-3420	482	30	year	year	NOUN
fsr-3420	482	31	long	long	ADJ
fsr-3420	482	32	planning	planning	NOUN
fsr-3420	482	33	length	length	NOUN
fsr-3420	482	34	,	,	PUNCT
fsr-3420	482	35	it	it	PRON
fsr-3420	482	36	is	be	AUX
fsr-3420	482	37	useful	useful	ADJ
fsr-3420	482	38	to	to	PART
fsr-3420	482	39	know	know	VERB
fsr-3420	482	40	that	that	SCONJ
fsr-3420	482	41	the	the	DET
fsr-3420	482	42	respective	respective	ADJ
fsr-3420	482	43	pwa	pwa	PROPN
fsr-3420	482	44	distributions	distribution	NOUN
fsr-3420	482	45	are	be	AUX
fsr-3420	482	46	not	not	PART
fsr-3420	482	47	very	very	ADV
fsr-3420	482	48	different	different	ADJ
fsr-3420	482	49	.	.	PUNCT
fsr-3420	483	1	however	however	ADV
fsr-3420	483	2	,	,	PUNCT
fsr-3420	483	3	this	this	PRON
fsr-3420	483	4	is	be	AUX
fsr-3420	483	5	not	not	PART
fsr-3420	483	6	the	the	DET
fsr-3420	483	7	same	same	ADJ
fsr-3420	483	8	as	as	ADP
fsr-3420	483	9	traversing	traverse	VERB
fsr-3420	483	10	,	,	PUNCT
fsr-3420	483	11	say	say	INTJ
fsr-3420	483	12	,	,	PUNCT
fsr-3420	483	13	one	one	NUM
fsr-3420	483	14	half	half	NOUN
fsr-3420	483	15	of	of	ADP
fsr-3420	483	16	a	a	DET
fsr-3420	483	17	30	30	NUM
fsr-3420	483	18	-	-	PUNCT
fsr-3420	483	19	year	year	NOUN
fsr-3420	483	20	retirement	retirement	NOUN
fsr-3420	483	21	horizon	horizon	NOUN
fsr-3420	483	22	and	and	CCONJ
fsr-3420	483	23	then	then	ADV
fsr-3420	483	24	decide	decide	VERB
fsr-3420	483	25	at	at	ADP
fsr-3420	483	26	that	that	DET
fsr-3420	483	27	point	point	NOUN
fsr-3420	483	28	that	that	SCONJ
fsr-3420	483	29	we	we	PRON
fsr-3420	483	30	would	would	AUX
fsr-3420	483	31	like	like	VERB
fsr-3420	483	32	to	to	PART
fsr-3420	483	33	cover	cover	VERB
fsr-3420	483	34	five	five	NUM
fsr-3420	483	35	more	more	ADJ
fsr-3420	483	36	years	year	NOUN
fsr-3420	483	37	.	.	PUNCT
fsr-3420	484	1	in	in	ADP
fsr-3420	484	2	that	that	DET
fsr-3420	484	3	case	case	NOUN
fsr-3420	484	4	we	we	PRON
fsr-3420	484	5	would	would	AUX
fsr-3420	484	6	need	need	VERB
fsr-3420	484	7	to	to	PART
fsr-3420	484	8	craft	craft	VERB
fsr-3420	484	9	a	a	DET
fsr-3420	484	10	20	20	NUM
fsr-3420	484	11	-	-	PUNCT
fsr-3420	484	12	year	year	NOUN
fsr-3420	484	13	plan	plan	NOUN
fsr-3420	484	14	—	—	PUNCT
fsr-3420	484	15	what	what	PRON
fsr-3420	484	16	we	we	PRON
fsr-3420	484	17	need	need	VERB
fsr-3420	484	18	to	to	PART
fsr-3420	484	19	cover	cover	VERB
fsr-3420	484	20	from	from	ADP
fsr-3420	484	21	that	that	DET
fsr-3420	484	22	point	point	NOUN
fsr-3420	484	23	on	on	ADP
fsr-3420	484	24	—	—	PUNCT
fsr-3420	484	25	to	to	PART
fsr-3420	484	26	substitute	substitute	VERB
fsr-3420	484	27	for	for	ADP
fsr-3420	484	28	a	a	DET
fsr-3420	484	29	15	15	NUM
fsr-3420	484	30	-	-	PUNCT
fsr-3420	484	31	year	year	NOUN
fsr-3420	484	32	plan	plan	NOUN
fsr-3420	484	33	—	—	PUNCT
fsr-3420	484	34	the	the	DET
fsr-3420	484	35	remaining	remain	VERB
fsr-3420	484	36	horizon	horizon	NOUN
fsr-3420	484	37	according	accord	VERB
fsr-3420	484	38	to	to	ADP
fsr-3420	484	39	the	the	DET
fsr-3420	484	40	original	original	ADJ
fsr-3420	484	41	plan	plan	NOUN
fsr-3420	484	42	.	.	PUNCT
fsr-3420	485	1	this	this	PRON
fsr-3420	485	2	is	be	AUX
fsr-3420	485	3	a	a	DET
fsr-3420	485	4	different	different	ADJ
fsr-3420	485	5	situation	situation	NOUN
fsr-3420	485	6	,	,	PUNCT
fsr-3420	485	7	although	although	SCONJ
fsr-3420	485	8	it	it	PRON
fsr-3420	485	9	can	can	AUX
fsr-3420	485	10	be	be	AUX
fsr-3420	485	11	assessed	assess	VERB
fsr-3420	485	12	in	in	ADP
fsr-3420	485	13	a	a	DET
fsr-3420	485	14	similar	similar	ADJ
fsr-3420	485	15	fashion	fashion	NOUN
fsr-3420	485	16	.	.	PUNCT
fsr-3420	486	1	to	to	PART
fsr-3420	486	2	provide	provide	VERB
fsr-3420	486	3	an	an	DET
fsr-3420	486	4	idea	idea	NOUN
fsr-3420	486	5	of	of	ADP
fsr-3420	486	6	what	what	PRON
fsr-3420	486	7	these	these	DET
fsr-3420	486	8	“	"	PUNCT
fsr-3420	486	9	midterm	midterm	NOUN
fsr-3420	486	10	”	"	PUNCT
fsr-3420	486	11	adjustments	adjustment	NOUN
fsr-3420	486	12	might	might	AUX
fsr-3420	486	13	entail	entail	VERB
fsr-3420	486	14	,	,	PUNCT
fsr-3420	486	15	we	we	PRON
fsr-3420	486	16	present	present	VERB
fsr-3420	486	17	summary	summary	NOUN
fsr-3420	486	18	results	result	VERB
fsr-3420	486	19	for	for	ADP
fsr-3420	486	20	20-	20-	NUM
fsr-3420	486	21	,	,	PUNCT
fsr-3420	486	22	15-	15-	NUM
fsr-3420	486	23	,	,	PUNCT
fsr-3420	486	24	10-	10-	NOUN
fsr-3420	486	25	,	,	PUNCT
fsr-3420	486	26	and	and	CCONJ
fsr-3420	486	27	5	5	NUM
fsr-3420	486	28	-	-	PUNCT
fsr-3420	486	29	year	year	NOUN
fsr-3420	486	30	long	long	ADJ
fsr-3420	486	31	horizons	horizon	NOUN
fsr-3420	486	32	later	later	ADV
fsr-3420	486	33	in	in	ADP
fsr-3420	486	34	this	this	DET
fsr-3420	486	35	section	section	NOUN
fsr-3420	486	36	.	.	PUNCT
fsr-3420	487	1	although	although	SCONJ
fsr-3420	487	2	the	the	DET
fsr-3420	487	3	literature	literature	NOUN
fsr-3420	487	4	in	in	ADP
fsr-3420	487	5	this	this	DET
fsr-3420	487	6	field	field	NOUN
fsr-3420	487	7	has	have	AUX
fsr-3420	487	8	settled	settle	VERB
fsr-3420	487	9	on	on	ADP
fsr-3420	487	10	30	30	NUM
fsr-3420	487	11	years	year	NOUN
fsr-3420	487	12	as	as	ADP
fsr-3420	487	13	the	the	DET
fsr-3420	487	14	typical	typical	ADJ
fsr-3420	487	15	horizon	horizon	NOUN
fsr-3420	487	16	length	length	NOUN
fsr-3420	487	17	for	for	ADP
fsr-3420	487	18	planning	planning	NOUN
fsr-3420	487	19	purposes	purpose	NOUN
fsr-3420	487	20	,	,	PUNCT
fsr-3420	487	21	there	there	PRON
fsr-3420	487	22	are	be	VERB
fsr-3420	487	23	reasons	reason	NOUN
fsr-3420	487	24	to	to	PART
fsr-3420	487	25	consider	consider	VERB
fsr-3420	487	26	it	it	PRON
fsr-3420	487	27	excessively	excessively	ADV
fsr-3420	487	28	long	long	ADV
fsr-3420	487	29	.	.	PUNCT
fsr-3420	488	1	the	the	DET
fsr-3420	488	2	full	full	ADJ
fsr-3420	488	3	retirement	retirement	NOUN
fsr-3420	488	4	age	age	NOUN
fsr-3420	488	5	to	to	PART
fsr-3420	488	6	receive	receive	VERB
fsr-3420	488	7	social	social	ADJ
fsr-3420	488	8	security	security	NOUN
fsr-3420	488	9	benefits	benefit	NOUN
fsr-3420	488	10	is	be	AUX
fsr-3420	488	11	currently	currently	ADV
fsr-3420	488	12	66	66	NUM
fsr-3420	488	13	years	year	NOUN
fsr-3420	488	14	and	and	CCONJ
fsr-3420	488	15	,	,	PUNCT
fsr-3420	488	16	according	accord	VERB
fsr-3420	488	17	to	to	ADP
fsr-3420	488	18	data	datum	NOUN
fsr-3420	488	19	compiled	compile	VERB
fsr-3420	488	20	by	by	ADP
fsr-3420	488	21	the	the	DET
fsr-3420	488	22	social	social	PROPN
fsr-3420	488	23	security	security	NOUN
fsr-3420	488	24	administration	administration	NOUN
fsr-3420	488	25	(	(	PUNCT
fsr-3420	488	26	ssa	ssa	PROPN
fsr-3420	488	27	)	)	PUNCT
fsr-3420	488	28	,	,	PUNCT
fsr-3420	488	29	an	an	DET
fsr-3420	488	30	american	american	ADJ
fsr-3420	488	31	man	man	NOUN
fsr-3420	488	32	reaching	reach	VERB
fsr-3420	488	33	age	age	NOUN
fsr-3420	488	34	65	65	NUM
fsr-3420	488	35	today	today	NOUN
fsr-3420	488	36	can	can	AUX
fsr-3420	488	37	expect	expect	VERB
fsr-3420	488	38	to	to	PART
fsr-3420	488	39	live	live	VERB
fsr-3420	488	40	,	,	PUNCT
fsr-3420	488	41	on	on	ADP
fsr-3420	488	42	average	average	ADJ
fsr-3420	488	43	,	,	PUNCT
fsr-3420	488	44	until	until	ADP
fsr-3420	488	45	age	age	NOUN
fsr-3420	488	46	84.3	84.3	NUM
fsr-3420	488	47	.	.	PUNCT
fsr-3420	489	1	an	an	DET
fsr-3420	489	2	american	american	ADJ
fsr-3420	489	3	woman	woman	NOUN
fsr-3420	489	4	turning	turn	VERB
fsr-3420	489	5	65	65	NUM
fsr-3420	489	6	today	today	NOUN
fsr-3420	489	7	can	can	AUX
fsr-3420	489	8	expect	expect	VERB
fsr-3420	489	9	to	to	PART
fsr-3420	489	10	live	live	VERB
fsr-3420	489	11	,	,	PUNCT
fsr-3420	489	12	on	on	ADP
fsr-3420	489	13	average	average	ADJ
fsr-3420	489	14	,	,	PUNCT
fsr-3420	489	15	until	until	ADP
fsr-3420	489	16	age	age	NOUN
fsr-3420	489	17	86.6	86.6	NUM
fsr-3420	489	18	.	.	PUNCT
fsr-3420	490	1	only	only	ADV
fsr-3420	490	2	about	about	ADV
fsr-3420	490	3	one	one	NUM
fsr-3420	490	4	out	out	ADP
fsr-3420	490	5	of	of	ADP
fsr-3420	490	6	every	every	DET
fsr-3420	490	7	four	four	NUM
fsr-3420	490	8	65	65	NUM
fsr-3420	490	9	-	-	PUNCT
fsr-3420	490	10	year	year	NOUN
fsr-3420	490	11	-	-	PUNCT
fsr-3420	490	12	olds	old	NOUN
fsr-3420	490	13	today	today	NOUN
fsr-3420	490	14	will	will	AUX
fsr-3420	490	15	live	live	VERB
fsr-3420	490	16	past	past	ADP
fsr-3420	490	17	age	age	NOUN
fsr-3420	490	18	90	90	NUM
fsr-3420	490	19	,	,	PUNCT
fsr-3420	490	20	and	and	CCONJ
fsr-3420	490	21	one	one	NUM
fsr-3420	490	22	out	out	ADP
fsr-3420	490	23	of	of	ADP
fsr-3420	490	24	10	10	NUM
fsr-3420	490	25	will	will	AUX
fsr-3420	490	26	live	live	VERB
fsr-3420	490	27	past	past	ADP
fsr-3420	490	28	age	age	NOUN
fsr-3420	490	29	95.10	95.10	NUM
fsr-3420	490	30	this	this	PRON
fsr-3420	490	31	means	mean	VERB
fsr-3420	490	32	that	that	SCONJ
fsr-3420	490	33	the	the	DET
fsr-3420	490	34	standard	standard	ADJ
fsr-3420	490	35	scenario	scenario	NOUN
fsr-3420	490	36	has	have	VERB
fsr-3420	490	37	a	a	DET
fsr-3420	490	38	large	large	ADJ
fsr-3420	490	39	additional	additional	ADJ
fsr-3420	490	40	safety	safety	NOUN
fsr-3420	490	41	margin	margin	NOUN
fsr-3420	490	42	,	,	PUNCT
fsr-3420	490	43	as	as	SCONJ
fsr-3420	490	44	this	this	DET
fsr-3420	490	45	horizon	horizon	NOUN
fsr-3420	490	46	length	length	NOUN
fsr-3420	490	47	will	will	AUX
fsr-3420	490	48	actually	actually	ADV
fsr-3420	490	49	be	be	AUX
fsr-3420	490	50	required	require	VERB
fsr-3420	490	51	by	by	ADP
fsr-3420	490	52	just	just	ADV
fsr-3420	490	53	10	10	NUM
fsr-3420	490	54	%	%	NOUN
fsr-3420	490	55	of	of	ADP
fsr-3420	490	56	all	all	DET
fsr-3420	490	57	retirees	retiree	NOUN
fsr-3420	490	58	.	.	PUNCT
fsr-3420	491	1	our	our	PRON
fsr-3420	491	2	position	position	NOUN
fsr-3420	491	3	here	here	ADV
fsr-3420	491	4	is	be	AUX
fsr-3420	491	5	that	that	SCONJ
fsr-3420	491	6	it	it	PRON
fsr-3420	491	7	is	be	AUX
fsr-3420	491	8	advisable	advisable	ADJ
fsr-3420	491	9	to	to	PART
fsr-3420	491	10	use	use	VERB
fsr-3420	491	11	a	a	DET
fsr-3420	491	12	withdrawal	withdrawal	NOUN
fsr-3420	491	13	amount	amount	NOUN
fsr-3420	491	14	with	with	ADP
fsr-3420	491	15	a	a	DET
fsr-3420	491	16	good	good	ADJ
fsr-3420	491	17	chance	chance	NOUN
fsr-3420	491	18	of	of	ADP
fsr-3420	491	19	being	be	AUX
fsr-3420	491	20	sustainable	sustainable	ADJ
fsr-3420	491	21	,	,	PUNCT
fsr-3420	491	22	but	but	CCONJ
fsr-3420	491	23	this	this	PRON
fsr-3420	491	24	must	must	AUX
fsr-3420	491	25	be	be	AUX
fsr-3420	491	26	taken	take	VERB
fsr-3420	491	27	from	from	ADP
fsr-3420	491	28	a	a	DET
fsr-3420	491	29	pwa	pwa	NOUN
fsr-3420	491	30	distribution	distribution	NOUN
fsr-3420	491	31	with	with	ADP
fsr-3420	491	32	a	a	DET
fsr-3420	491	33	realistic	realistic	ADJ
fsr-3420	491	34	horizon	horizon	NOUN
fsr-3420	491	35	length	length	NOUN
fsr-3420	491	36	.	.	PUNCT
fsr-3420	492	1	otherwise	otherwise	ADV
fsr-3420	492	2	,	,	PUNCT
fsr-3420	492	3	the	the	DET
fsr-3420	492	4	sustainability	sustainability	NOUN
fsr-3420	492	5	of	of	ADP
fsr-3420	492	6	the	the	DET
fsr-3420	492	7	chosen	choose	VERB
fsr-3420	492	8	amount	amount	NOUN
fsr-3420	492	9	would	would	AUX
fsr-3420	492	10	be	be	AUX
fsr-3420	492	11	incorrectly	incorrectly	ADV
fsr-3420	492	12	estimated	estimate	VERB
fsr-3420	492	13	,	,	PUNCT
fsr-3420	492	14	and	and	CCONJ
fsr-3420	492	15	the	the	DET
fsr-3420	492	16	true	true	ADJ
fsr-3420	492	17	safety	safety	NOUN
fsr-3420	492	18	level	level	NOUN
fsr-3420	492	19	will	will	AUX
fsr-3420	492	20	likely	likely	ADV
fsr-3420	492	21	be	be	AUX
fsr-3420	492	22	much	much	ADV
fsr-3420	492	23	higher	high	ADJ
fsr-3420	492	24	than	than	ADP
fsr-3420	492	25	what	what	PRON
fsr-3420	492	26	was	be	AUX
fsr-3420	492	27	intended	intend	VERB
fsr-3420	492	28	.	.	PUNCT
fsr-3420	493	1	under	under	ADP
fsr-3420	493	2	this	this	DET
fsr-3420	493	3	e.d	e.d	PROPN
fsr-3420	493	4	.	.	PROPN
fsr-3420	493	5	suarez	suarez	PROPN
fsr-3420	493	6	/	/	SYM
fsr-3420	493	7	financial	financial	ADJ
fsr-3420	493	8	services	service	NOUN
fsr-3420	493	9	review	review	VERB
fsr-3420	493	10	28	28	NUM
fsr-3420	493	11	(	(	PUNCT
fsr-3420	493	12	2020	2020	NUM
fsr-3420	493	13	)	)	PUNCT
fsr-3420	494	1	96–132	96–132	NUM
fsr-3420	494	2	123	123	NUM
fsr-3420	494	3	view	view	NOUN
fsr-3420	494	4	,	,	PUNCT
fsr-3420	494	5	the	the	DET
fsr-3420	494	6	ssa	ssa	NOUN
fsr-3420	494	7	’s	’s	PART
fsr-3420	494	8	life	life	NOUN
fsr-3420	494	9	expectancy	expectancy	NOUN
fsr-3420	494	10	data	datum	NOUN
fsr-3420	494	11	indicate	indicate	VERB
fsr-3420	494	12	that	that	SCONJ
fsr-3420	494	13	25	25	NUM
fsr-3420	494	14	years	year	NOUN
fsr-3420	494	15	would	would	AUX
fsr-3420	494	16	be	be	AUX
fsr-3420	494	17	more	more	ADV
fsr-3420	494	18	appropriate	appropriate	ADJ
fsr-3420	494	19	than	than	ADP
fsr-3420	494	20	30	30	NUM
fsr-3420	494	21	years	year	NOUN
fsr-3420	494	22	for	for	ADP
fsr-3420	494	23	first	first	ADJ
fsr-3420	494	24	-	-	PUNCT
fsr-3420	494	25	approximation	approximation	NOUN
fsr-3420	494	26	calculations	calculation	NOUN
fsr-3420	494	27	.	.	PUNCT
fsr-3420	495	1	fig	fig	NOUN
fsr-3420	495	2	.	.	PUNCT
fsr-3420	496	1	21	21	NUM
fsr-3420	496	2	presents	present	VERB
fsr-3420	496	3	the	the	DET
fsr-3420	496	4	pwr	pwr	NOUN
fsr-3420	496	5	results	result	VERB
fsr-3420	496	6	under	under	ADP
fsr-3420	496	7	this	this	DET
fsr-3420	496	8	horizon	horizon	NOUN
fsr-3420	496	9	length,11	length,11	NOUN
fsr-3420	496	10	keeping	keep	VERB
fsr-3420	496	11	in	in	ADP
fsr-3420	496	12	mind	mind	NOUN
fsr-3420	496	13	that	that	SCONJ
fsr-3420	496	14	about	about	ADV
fsr-3420	496	15	25	25	NUM
fsr-3420	496	16	%	%	NOUN
fsr-3420	496	17	of	of	ADP
fsr-3420	496	18	all	all	DET
fsr-3420	496	19	retirees	retiree	NOUN
fsr-3420	496	20	—	—	PUNCT
fsr-3420	496	21	particularly	particularly	ADV
fsr-3420	496	22	women	woman	NOUN
fsr-3420	496	23	—	—	PUNCT
fsr-3420	496	24	will	will	AUX
fsr-3420	496	25	need	need	VERB
fsr-3420	496	26	to	to	PART
fsr-3420	496	27	apply	apply	VERB
fsr-3420	496	28	corrections	correction	NOUN
fsr-3420	496	29	along	along	ADP
fsr-3420	496	30	the	the	DET
fsr-3420	496	31	way	way	NOUN
fsr-3420	496	32	to	to	PART
fsr-3420	496	33	cover	cover	VERB
fsr-3420	496	34	additional	additional	ADJ
fsr-3420	496	35	years	year	NOUN
fsr-3420	496	36	.	.	PUNCT
fsr-3420	497	1	we	we	PRON
fsr-3420	497	2	see	see	VERB
fsr-3420	497	3	that	that	SCONJ
fsr-3420	497	4	the	the	DET
fsr-3420	497	5	pwa	pwa	PROPN
fsr-3420	497	6	for	for	ADP
fsr-3420	497	7	30	30	NUM
fsr-3420	497	8	-	-	PUNCT
fsr-3420	497	9	year	year	NOUN
fsr-3420	497	10	periods	period	NOUN
fsr-3420	497	11	has	have	AUX
fsr-3420	497	12	been	be	AUX
fsr-3420	497	13	between	between	ADP
fsr-3420	497	14	2.9	2.9	NUM
fsr-3420	497	15	%	%	NOUN
fsr-3420	497	16	and	and	CCONJ
fsr-3420	497	17	13.1	13.1	NUM
fsr-3420	497	18	%	%	NOUN
fsr-3420	497	19	lower	low	ADJ
fsr-3420	497	20	than	than	ADP
fsr-3420	497	21	for	for	ADP
fsr-3420	497	22	the	the	DET
fsr-3420	497	23	25	25	NUM
fsr-3420	497	24	-	-	PUNCT
fsr-3420	497	25	year	year	NOUN
fsr-3420	497	26	periods	period	NOUN
fsr-3420	497	27	beginning	begin	VERB
fsr-3420	497	28	on	on	ADP
fsr-3420	497	29	the	the	DET
fsr-3420	497	30	same	same	ADJ
fsr-3420	497	31	month	month	NOUN
fsr-3420	497	32	,	,	PUNCT
fsr-3420	497	33	with	with	ADP
fsr-3420	497	34	a	a	DET
fsr-3420	497	35	median	median	NOUN
fsr-3420	497	36	of	of	ADP
fsr-3420	497	37	�	�	PROPN
fsr-3420	497	38	5.3	5.3	NUM
fsr-3420	497	39	%	%	NOUN
fsr-3420	497	40	.	.	PUNCT
fsr-3420	498	1	this	this	PRON
fsr-3420	498	2	means	mean	VERB
fsr-3420	498	3	that	that	SCONJ
fsr-3420	498	4	an	an	DET
fsr-3420	498	5	intervention	intervention	NOUN
fsr-3420	498	6	in	in	ADP
fsr-3420	498	7	the	the	DET
fsr-3420	498	8	early	early	ADJ
fsr-3420	498	9	years	year	NOUN
fsr-3420	498	10	of	of	ADP
fsr-3420	498	11	a	a	DET
fsr-3420	498	12	25	25	NUM
fsr-3420	498	13	-	-	PUNCT
fsr-3420	498	14	year	year	NOUN
fsr-3420	498	15	plan	plan	NOUN
fsr-3420	498	16	,	,	PUNCT
fsr-3420	498	17	aiming	aim	VERB
fsr-3420	498	18	to	to	PART
fsr-3420	498	19	turn	turn	VERB
fsr-3420	498	20	it	it	PRON
fsr-3420	498	21	into	into	ADP
fsr-3420	498	22	a	a	DET
fsr-3420	498	23	30	30	NUM
fsr-3420	498	24	-	-	PUNCT
fsr-3420	498	25	year	year	NOUN
fsr-3420	498	26	plan	plan	NOUN
fsr-3420	498	27	instead	instead	ADV
fsr-3420	498	28	,	,	PUNCT
fsr-3420	498	29	should	should	AUX
fsr-3420	498	30	call	call	VERB
fsr-3420	498	31	for	for	ADP
fsr-3420	498	32	reductions	reduction	NOUN
fsr-3420	498	33	of	of	ADP
fsr-3420	498	34	the	the	DET
fsr-3420	498	35	withdrawal	withdrawal	NOUN
fsr-3420	498	36	amount	amount	NOUN
fsr-3420	498	37	in	in	ADP
fsr-3420	498	38	the	the	DET
fsr-3420	498	39	3	3	NUM
fsr-3420	498	40	%	%	NOUN
fsr-3420	498	41	to	to	PART
fsr-3420	498	42	10	10	NUM
fsr-3420	498	43	%	%	NOUN
fsr-3420	498	44	range	range	NOUN
fsr-3420	498	45	to	to	PART
fsr-3420	498	46	realistically	realistically	ADV
fsr-3420	498	47	expect	expect	VERB
fsr-3420	498	48	to	to	PART
fsr-3420	498	49	cover	cover	VERB
fsr-3420	498	50	the	the	DET
fsr-3420	498	51	additional	additional	ADJ
fsr-3420	498	52	longevity	longevity	NOUN
fsr-3420	498	53	.	.	PUNCT
fsr-3420	499	1	the	the	DET
fsr-3420	499	2	relatively	relatively	ADV
fsr-3420	499	3	small	small	ADJ
fsr-3420	499	4	size	size	NOUN
fsr-3420	499	5	of	of	ADP
fsr-3420	499	6	these	these	DET
fsr-3420	499	7	adjustments	adjustment	NOUN
fsr-3420	499	8	supports	support	VERB
fsr-3420	499	9	our	our	PRON
fsr-3420	499	10	notion	notion	NOUN
fsr-3420	499	11	that	that	SCONJ
fsr-3420	499	12	it	it	PRON
fsr-3420	499	13	is	be	AUX
fsr-3420	499	14	a	a	DET
fsr-3420	499	15	good	good	ADJ
fsr-3420	499	16	idea	idea	NOUN
fsr-3420	499	17	to	to	PART
fsr-3420	499	18	build	build	VERB
fsr-3420	499	19	retirement	retirement	NOUN
fsr-3420	499	20	plans	plan	NOUN
fsr-3420	499	21	using	use	VERB
fsr-3420	499	22	25	25	NUM
fsr-3420	499	23	-	-	PUNCT
fsr-3420	499	24	year	year	NOUN
fsr-3420	499	25	horizons	horizon	NOUN
fsr-3420	499	26	,	,	PUNCT
fsr-3420	499	27	and	and	CCONJ
fsr-3420	499	28	then	then	ADV
fsr-3420	499	29	operate	operate	VERB
fsr-3420	499	30	on	on	ADP
fsr-3420	499	31	these	these	DET
fsr-3420	499	32	plans	plan	NOUN
fsr-3420	499	33	using	use	VERB
fsr-3420	499	34	prudent	prudent	ADJ
fsr-3420	499	35	withdrawal	withdrawal	NOUN
fsr-3420	499	36	strategies	strategy	NOUN
fsr-3420	499	37	.	.	PUNCT
fsr-3420	500	1	the	the	DET
fsr-3420	500	2	90%-safe	90%-safe	NUM
fsr-3420	500	3	rate	rate	NOUN
fsr-3420	500	4	in	in	ADP
fsr-3420	500	5	25	25	NUM
fsr-3420	500	6	-	-	PUNCT
fsr-3420	500	7	year	year	NOUN
fsr-3420	500	8	horizons	horizon	NOUN
fsr-3420	500	9	with	with	ADP
fsr-3420	500	10	no	no	DET
fsr-3420	500	11	bequest	bequest	NOUN
fsr-3420	500	12	is	be	AUX
fsr-3420	500	13	maximal	maximal	ADJ
fsr-3420	500	14	in	in	ADP
fsr-3420	500	15	the	the	DET
fsr-3420	500	16	70/30	70/30	NUM
fsr-3420	500	17	mix	mix	NOUN
fsr-3420	500	18	,	,	PUNCT
fsr-3420	500	19	reaching	reach	VERB
fsr-3420	500	20	4.80	4.80	NUM
fsr-3420	500	21	%	%	NOUN
fsr-3420	500	22	.	.	PUNCT
fsr-3420	501	1	the	the	DET
fsr-3420	501	2	50%-safe	50%-safe	NUM
fsr-3420	501	3	rate	rate	NOUN
fsr-3420	501	4	in	in	ADP
fsr-3420	501	5	25	25	NUM
fsr-3420	501	6	-	-	PUNCT
fsr-3420	501	7	year	year	NOUN
fsr-3420	501	8	horizons	horizon	NOUN
fsr-3420	501	9	with	with	ADP
fsr-3420	501	10	100	100	NUM
fsr-3420	501	11	%	%	NOUN
fsr-3420	501	12	bequest	bequest	NOUN
fsr-3420	501	13	—	—	PUNCT
fsr-3420	501	14	the	the	DET
fsr-3420	501	15	version	version	NOUN
fsr-3420	501	16	of	of	ADP
fsr-3420	501	17	conservative	conservative	ADJ
fsr-3420	501	18	approach	approach	NOUN
fsr-3420	501	19	that	that	PRON
fsr-3420	501	20	we	we	PRON
fsr-3420	501	21	advocate	advocate	VERB
fsr-3420	501	22	in	in	ADP
fsr-3420	501	23	this	this	DET
fsr-3420	501	24	paper	paper	NOUN
fsr-3420	501	25	—	—	PUNCT
fsr-3420	501	26	is	be	AUX
fsr-3420	501	27	highest	high	ADJ
fsr-3420	501	28	in	in	ADP
fsr-3420	501	29	the	the	DET
fsr-3420	501	30	allstocks	allstock	NOUN
fsr-3420	501	31	allocation	allocation	NOUN
fsr-3420	501	32	,	,	PUNCT
fsr-3420	501	33	at	at	ADP
fsr-3420	501	34	6.6	6.6	NUM
fsr-3420	501	35	%	%	NOUN
fsr-3420	501	36	.	.	PUNCT
fsr-3420	502	1	per	per	ADP
fsr-3420	502	2	life	life	NOUN
fsr-3420	502	3	expectancy	expectancy	NOUN
fsr-3420	502	4	data	datum	NOUN
fsr-3420	502	5	,	,	PUNCT
fsr-3420	502	6	this	this	DET
fsr-3420	502	7	timespan	timespan	NOUN
fsr-3420	502	8	should	should	AUX
fsr-3420	502	9	be	be	AUX
fsr-3420	502	10	appropriate	appropriate	ADJ
fsr-3420	502	11	for	for	ADP
fsr-3420	502	12	most	most	ADJ
fsr-3420	502	13	retirees	retiree	NOUN
fsr-3420	502	14	and	and	CCONJ
fsr-3420	502	15	,	,	PUNCT
fsr-3420	502	16	if	if	SCONJ
fsr-3420	502	17	this	this	PRON
fsr-3420	502	18	is	be	AUX
fsr-3420	502	19	not	not	PART
fsr-3420	502	20	the	the	DET
fsr-3420	502	21	case	case	NOUN
fsr-3420	502	22	,	,	PUNCT
fsr-3420	502	23	then	then	ADV
fsr-3420	502	24	the	the	DET
fsr-3420	502	25	conservative	conservative	ADJ
fsr-3420	502	26	withdrawal	withdrawal	NOUN
fsr-3420	502	27	program	program	NOUN
fsr-3420	502	28	will	will	AUX
fsr-3420	502	29	probably	probably	ADV
fsr-3420	502	30	provide	provide	VERB
fsr-3420	502	31	sufficient	sufficient	ADJ
fsr-3420	502	32	leverage	leverage	NOUN
fsr-3420	502	33	to	to	PART
fsr-3420	502	34	cover	cover	VERB
fsr-3420	502	35	the	the	DET
fsr-3420	502	36	extra	extra	ADJ
fsr-3420	502	37	years	year	NOUN
fsr-3420	502	38	.	.	PUNCT
fsr-3420	503	1	furthermore	furthermore	ADV
fsr-3420	503	2	,	,	PUNCT
fsr-3420	503	3	even	even	ADV
fsr-3420	503	4	if	if	SCONJ
fsr-3420	503	5	the	the	DET
fsr-3420	503	6	perfect	perfect	ADJ
fsr-3420	503	7	storm	storm	NOUN
fsr-3420	503	8	materializes	materialize	VERB
fsr-3420	503	9	in	in	ADP
fsr-3420	503	10	the	the	DET
fsr-3420	503	11	form	form	NOUN
fsr-3420	503	12	of	of	ADP
fsr-3420	503	13	a	a	DET
fsr-3420	503	14	longer	long	ADJ
fsr-3420	503	15	-	-	PUNCT
fsr-3420	503	16	than	than	ADP
fsr-3420	503	17	-	-	PUNCT
fsr-3420	503	18	usual	usual	ADJ
fsr-3420	503	19	life	life	NOUN
fsr-3420	503	20	span	span	NOUN
fsr-3420	503	21	and	and	CCONJ
fsr-3420	503	22	a	a	DET
fsr-3420	503	23	terrible	terrible	ADJ
fsr-3420	503	24	sequence	sequence	NOUN
fsr-3420	503	25	of	of	ADP
fsr-3420	503	26	returns	return	NOUN
fsr-3420	503	27	,	,	PUNCT
fsr-3420	503	28	the	the	DET
fsr-3420	503	29	option	option	NOUN
fsr-3420	503	30	of	of	ADP
fsr-3420	503	31	curtailing	curtail	VERB
fsr-3420	503	32	the	the	DET
fsr-3420	503	33	withdrawal	withdrawal	NOUN
fsr-3420	503	34	amount	amount	NOUN
fsr-3420	503	35	does	do	AUX
fsr-3420	503	36	not	not	PART
fsr-3420	503	37	look	look	VERB
fsr-3420	503	38	catastrophic	catastrophic	ADJ
fsr-3420	503	39	because	because	SCONJ
fsr-3420	503	40	the	the	DET
fsr-3420	503	41	required	require	VERB
fsr-3420	503	42	reduction	reduction	NOUN
fsr-3420	503	43	is	be	AUX
fsr-3420	503	44	probably	probably	ADV
fsr-3420	503	45	not	not	PART
fsr-3420	503	46	so	so	ADV
fsr-3420	503	47	large	large	ADJ
fsr-3420	503	48	.	.	PUNCT
fsr-3420	504	1	as	as	ADP
fsr-3420	504	2	for	for	ADP
fsr-3420	504	3	the	the	DET
fsr-3420	504	4	timing	timing	NOUN
fsr-3420	504	5	of	of	ADP
fsr-3420	504	6	the	the	DET
fsr-3420	504	7	actual	actual	ADJ
fsr-3420	504	8	adjustments	adjustment	NOUN
fsr-3420	504	9	to	to	PART
fsr-3420	504	10	be	be	AUX
fsr-3420	504	11	made	make	VERB
fsr-3420	504	12	,	,	PUNCT
fsr-3420	504	13	we	we	PRON
fsr-3420	504	14	advocate	advocate	VERB
fsr-3420	504	15	in	in	ADP
fsr-3420	504	16	favor	favor	NOUN
fsr-3420	504	17	of	of	ADP
fsr-3420	504	18	the	the	DET
fsr-3420	504	19	procedure	procedure	NOUN
fsr-3420	504	20	proposed	propose	VERB
fsr-3420	504	21	in	in	ADP
fsr-3420	504	22	ssw	ssw	PROPN
fsr-3420	504	23	.	.	PUNCT
fsr-3420	505	1	as	as	SCONJ
fsr-3420	505	2	time	time	NOUN
fsr-3420	505	3	moves	move	VERB
fsr-3420	505	4	forward	forward	ADV
fsr-3420	505	5	—	—	PUNCT
fsr-3420	505	6	and	and	CCONJ
fsr-3420	505	7	either	either	CCONJ
fsr-3420	505	8	the	the	DET
fsr-3420	505	9	planning	planning	NOUN
fsr-3420	505	10	horizon	horizon	NOUN
fsr-3420	505	11	shortens	shorten	VERB
fsr-3420	505	12	or	or	CCONJ
fsr-3420	505	13	the	the	DET
fsr-3420	505	14	retiree	retiree	NOUN
fsr-3420	505	15	decides	decide	VERB
fsr-3420	505	16	to	to	PART
fsr-3420	505	17	choose	choose	VERB
fsr-3420	505	18	an	an	DET
fsr-3420	505	19	endpoint	endpoint	NOUN
fsr-3420	505	20	farther	far	ADV
fsr-3420	505	21	into	into	ADP
fsr-3420	505	22	the	the	DET
fsr-3420	505	23	future	future	NOUN
fsr-3420	505	24	—	—	PUNCT
fsr-3420	505	25	the	the	DET
fsr-3420	505	26	withdrawal	withdrawal	NOUN
fsr-3420	505	27	amount	amount	NOUN
fsr-3420	505	28	fig	fig	NOUN
fsr-3420	505	29	.	.	PUNCT
fsr-3420	506	1	21	21	NUM
fsr-3420	506	2	.	.	X
fsr-3420	506	3	pwr	pwr	NOUN
fsr-3420	506	4	for	for	ADP
fsr-3420	506	5	standard	standard	ADJ
fsr-3420	506	6	scenario	scenario	NOUN
fsr-3420	506	7	(	(	PUNCT
fsr-3420	506	8	30	30	NUM
fsr-3420	506	9	years	year	NOUN
fsr-3420	506	10	)	)	PUNCT
fsr-3420	506	11	versus	versus	ADP
fsr-3420	506	12	25	25	NUM
fsr-3420	506	13	-	-	PUNCT
fsr-3420	506	14	year	year	NOUN
fsr-3420	506	15	planning	planning	NOUN
fsr-3420	506	16	horizon	horizon	NOUN
fsr-3420	506	17	.	.	PUNCT
fsr-3420	507	1	the	the	DET
fsr-3420	507	2	25	25	NUM
fsr-3420	507	3	-	-	PUNCT
fsr-3420	507	4	year	year	NOUN
fsr-3420	507	5	planning	planning	NOUN
fsr-3420	507	6	horizon	horizon	NOUN
fsr-3420	507	7	is	be	AUX
fsr-3420	507	8	more	more	ADV
fsr-3420	507	9	realistic	realistic	ADJ
fsr-3420	507	10	for	for	ADP
fsr-3420	507	11	people	people	NOUN
fsr-3420	507	12	retiring	retire	VERB
fsr-3420	507	13	at	at	ADP
fsr-3420	507	14	the	the	DET
fsr-3420	507	15	age	age	NOUN
fsr-3420	507	16	of	of	ADP
fsr-3420	507	17	66	66	NUM
fsr-3420	507	18	.	.	PUNCT
fsr-3420	508	1	124	124	NUM
fsr-3420	508	2	e.d	e.d	PROPN
fsr-3420	508	3	.	.	PROPN
fsr-3420	508	4	suarez	suarez	PROPN
fsr-3420	508	5	/	/	SYM
fsr-3420	508	6	financial	financial	ADJ
fsr-3420	508	7	services	service	NOUN
fsr-3420	508	8	review	review	VERB
fsr-3420	508	9	28	28	NUM
fsr-3420	508	10	(	(	PUNCT
fsr-3420	508	11	2020	2020	NUM
fsr-3420	508	12	)	)	PUNCT
fsr-3420	509	1	96–132	96–132	NOUN
fsr-3420	509	2	under	under	ADP
fsr-3420	509	3	consideration	consideration	NOUN
fsr-3420	509	4	must	must	AUX
fsr-3420	509	5	be	be	AUX
fsr-3420	509	6	assessed	assess	VERB
fsr-3420	509	7	in	in	ADP
fsr-3420	509	8	terms	term	NOUN
fsr-3420	509	9	of	of	ADP
fsr-3420	509	10	the	the	DET
fsr-3420	509	11	percentage	percentage	NOUN
fsr-3420	509	12	it	it	PRON
fsr-3420	509	13	represents	represent	VERB
fsr-3420	509	14	of	of	ADP
fsr-3420	509	15	the	the	DET
fsr-3420	509	16	account	account	NOUN
fsr-3420	509	17	balance	balance	NOUN
fsr-3420	509	18	at	at	ADP
fsr-3420	509	19	that	that	DET
fsr-3420	509	20	point	point	NOUN
fsr-3420	509	21	(	(	PUNCT
fsr-3420	509	22	i.e.	i.e.	X
fsr-3420	509	23	,	,	PUNCT
fsr-3420	509	24	that	that	ADV
fsr-3420	509	25	is	is	ADV
fsr-3420	509	26	,	,	PUNCT
fsr-3420	509	27	the	the	DET
fsr-3420	509	28	implied	imply	VERB
fsr-3420	509	29	withdrawal	withdrawal	NOUN
fsr-3420	509	30	rate	rate	NOUN
fsr-3420	509	31	)	)	PUNCT
fsr-3420	509	32	.	.	PUNCT
fsr-3420	510	1	the	the	DET
fsr-3420	510	2	withdrawal	withdrawal	NOUN
fsr-3420	510	3	amount	amount	NOUN
fsr-3420	510	4	is	be	AUX
fsr-3420	510	5	to	to	PART
fsr-3420	510	6	be	be	AUX
fsr-3420	510	7	modified	modify	VERB
fsr-3420	510	8	when	when	SCONJ
fsr-3420	510	9	the	the	DET
fsr-3420	510	10	location	location	NOUN
fsr-3420	510	11	of	of	ADP
fsr-3420	510	12	this	this	DET
fsr-3420	510	13	withdrawal	withdrawal	NOUN
fsr-3420	510	14	rate	rate	NOUN
fsr-3420	510	15	in	in	ADP
fsr-3420	510	16	the	the	DET
fsr-3420	510	17	corresponding	correspond	VERB
fsr-3420	510	18	pwr	pwr	NOUN
fsr-3420	510	19	distribution	distribution	NOUN
fsr-3420	510	20	falls	fall	VERB
fsr-3420	510	21	outside	outside	ADP
fsr-3420	510	22	the	the	DET
fsr-3420	510	23	confidence	confidence	NOUN
fsr-3420	510	24	range	range	NOUN
fsr-3420	510	25	(	(	PUNCT
fsr-3420	510	26	probability	probability	NOUN
fsr-3420	510	27	interval	interval	NOUN
fsr-3420	510	28	)	)	PUNCT
fsr-3420	510	29	with	with	ADP
fsr-3420	510	30	which	which	PRON
fsr-3420	510	31	the	the	DET
fsr-3420	510	32	retiree	retiree	NOUN
fsr-3420	510	33	feels	feel	VERB
fsr-3420	510	34	more	more	ADV
fsr-3420	510	35	comfortable	comfortable	ADJ
fsr-3420	510	36	:	:	PUNCT
fsr-3420	510	37	if	if	SCONJ
fsr-3420	510	38	the	the	DET
fsr-3420	510	39	confidence	confidence	NOUN
fsr-3420	510	40	level	level	NOUN
fsr-3420	510	41	becomes	become	VERB
fsr-3420	510	42	too	too	ADV
fsr-3420	510	43	high	high	ADJ
fsr-3420	510	44	,	,	PUNCT
fsr-3420	510	45	it	it	PRON
fsr-3420	510	46	is	be	AUX
fsr-3420	510	47	advisable	advisable	ADJ
fsr-3420	510	48	to	to	PART
fsr-3420	510	49	increase	increase	VERB
fsr-3420	510	50	the	the	DET
fsr-3420	510	51	fig	fig	NOUN
fsr-3420	510	52	.	.	PUNCT
fsr-3420	511	1	22	22	NUM
fsr-3420	511	2	.	.	PUNCT
fsr-3420	512	1	frequency	frequency	NOUN
fsr-3420	512	2	distribution	distribution	NOUN
fsr-3420	512	3	for	for	ADP
fsr-3420	512	4	historical	historical	ADJ
fsr-3420	512	5	pwr	pwr	NOUN
fsr-3420	512	6	,	,	PUNCT
fsr-3420	512	7	by	by	ADP
fsr-3420	512	8	horizon	horizon	NOUN
fsr-3420	512	9	length	length	NOUN
fsr-3420	512	10	,	,	PUNCT
fsr-3420	512	11	for	for	ADP
fsr-3420	512	12	100%-stocks	100%-stock	NOUN
fsr-3420	512	13	portfolio	portfolio	NOUN
fsr-3420	512	14	and	and	CCONJ
fsr-3420	512	15	zero	zero	NUM
fsr-3420	512	16	bequest	bequest	NOUN
fsr-3420	512	17	goal	goal	NOUN
fsr-3420	512	18	.	.	PUNCT
fsr-3420	513	1	panel	panel	NOUN
fsr-3420	513	2	(	(	PUNCT
fsr-3420	513	3	a	a	X
fsr-3420	513	4	)	)	PUNCT
fsr-3420	513	5	shows	show	VERB
fsr-3420	513	6	bins	bin	NOUN
fsr-3420	513	7	in	in	ADP
fsr-3420	513	8	integer	integer	NOUN
fsr-3420	513	9	percentage	percentage	NOUN
fsr-3420	513	10	points	point	NOUN
fsr-3420	513	11	.	.	PUNCT
fsr-3420	514	1	panel	panel	NOUN
fsr-3420	514	2	(	(	PUNCT
fsr-3420	514	3	b	b	NOUN
fsr-3420	514	4	)	)	PUNCT
fsr-3420	514	5	shows	show	VERB
fsr-3420	514	6	cutoff	cutoff	NOUN
fsr-3420	514	7	points	point	NOUN
fsr-3420	514	8	for	for	ADP
fsr-3420	514	9	first	first	ADJ
fsr-3420	514	10	five	five	NUM
fsr-3420	514	11	deciles	decile	NOUN
fsr-3420	514	12	.	.	PUNCT
fsr-3420	515	1	fig	fig	NOUN
fsr-3420	515	2	.	.	PUNCT
fsr-3420	516	1	23	23	NUM
fsr-3420	516	2	.	.	X
fsr-3420	516	3	pwr	pwr	NOUN
fsr-3420	516	4	for	for	ADP
fsr-3420	516	5	standard	standard	ADJ
fsr-3420	516	6	scenario	scenario	NOUN
fsr-3420	516	7	(	(	PUNCT
fsr-3420	516	8	30	30	NUM
fsr-3420	516	9	years	year	NOUN
fsr-3420	516	10	)	)	PUNCT
fsr-3420	516	11	versus	versus	ADP
fsr-3420	516	12	20-	20-	NUM
fsr-3420	516	13	,	,	PUNCT
fsr-3420	516	14	15-	15-	NUM
fsr-3420	516	15	,	,	PUNCT
fsr-3420	516	16	10-	10-	NOUN
fsr-3420	516	17	,	,	PUNCT
fsr-3420	516	18	and	and	CCONJ
fsr-3420	516	19	5	5	NUM
fsr-3420	516	20	-	-	PUNCT
fsr-3420	516	21	year	year	NOUN
fsr-3420	516	22	planning	planning	NOUN
fsr-3420	516	23	horizon	horizon	NOUN
fsr-3420	516	24	.	.	PUNCT
fsr-3420	517	1	these	these	DET
fsr-3420	517	2	shorter	short	ADJ
fsr-3420	517	3	timeframes	timeframe	NOUN
fsr-3420	517	4	may	may	AUX
fsr-3420	517	5	be	be	AUX
fsr-3420	517	6	used	use	VERB
fsr-3420	517	7	for	for	ADP
fsr-3420	517	8	midcourse	midcourse	NOUN
fsr-3420	517	9	adjustments	adjustment	NOUN
fsr-3420	517	10	,	,	PUNCT
fsr-3420	517	11	once	once	ADV
fsr-3420	517	12	inside	inside	ADP
fsr-3420	517	13	the	the	DET
fsr-3420	517	14	retirement	retirement	NOUN
fsr-3420	517	15	stage	stage	NOUN
fsr-3420	517	16	.	.	PUNCT
fsr-3420	518	1	e.d	e.d	PROPN
fsr-3420	518	2	.	.	PROPN
fsr-3420	518	3	suarez	suarez	PROPN
fsr-3420	518	4	/	/	SYM
fsr-3420	518	5	financial	financial	ADJ
fsr-3420	518	6	services	service	NOUN
fsr-3420	518	7	review	review	VERB
fsr-3420	518	8	28	28	NUM
fsr-3420	518	9	(	(	PUNCT
fsr-3420	518	10	2020	2020	NUM
fsr-3420	518	11	)	)	PUNCT
fsr-3420	519	1	96–132	96–132	NUM
fsr-3420	519	2	125	125	NUM
fsr-3420	519	3	withdrawal	withdrawal	NOUN
fsr-3420	519	4	amount	amount	NOUN
fsr-3420	519	5	;	;	PUNCT
fsr-3420	519	6	if	if	SCONJ
fsr-3420	519	7	it	it	PRON
fsr-3420	519	8	gets	get	VERB
fsr-3420	519	9	too	too	ADV
fsr-3420	519	10	low	low	ADJ
fsr-3420	519	11	,	,	PUNCT
fsr-3420	519	12	the	the	DET
fsr-3420	519	13	amount	amount	NOUN
fsr-3420	519	14	withdrawn	withdraw	VERB
fsr-3420	519	15	should	should	AUX
fsr-3420	519	16	be	be	AUX
fsr-3420	519	17	reduced	reduce	VERB
fsr-3420	519	18	.	.	PUNCT
fsr-3420	520	1	the	the	DET
fsr-3420	520	2	magnitude	magnitude	NOUN
fsr-3420	520	3	of	of	ADP
fsr-3420	520	4	the	the	DET
fsr-3420	520	5	adjustments	adjustment	NOUN
fsr-3420	520	6	,	,	PUNCT
fsr-3420	520	7	in	in	ADP
fsr-3420	520	8	turn	turn	NOUN
fsr-3420	520	9	,	,	PUNCT
fsr-3420	520	10	may	may	AUX
fsr-3420	520	11	conceivably	conceivably	ADV
fsr-3420	520	12	be	be	AUX
fsr-3420	520	13	based	base	VERB
fsr-3420	520	14	on	on	ADP
fsr-3420	520	15	the	the	DET
fsr-3420	520	16	results	result	NOUN
fsr-3420	520	17	presented	present	VERB
fsr-3420	520	18	in	in	ADP
fsr-3420	520	19	this	this	DET
fsr-3420	520	20	paper	paper	NOUN
fsr-3420	520	21	.	.	PUNCT
fsr-3420	521	1	thus	thus	ADV
fsr-3420	521	2	,	,	PUNCT
fsr-3420	521	3	for	for	ADP
fsr-3420	521	4	example	example	NOUN
fsr-3420	521	5	,	,	PUNCT
fsr-3420	521	6	if	if	SCONJ
fsr-3420	521	7	the	the	DET
fsr-3420	521	8	investment	investment	NOUN
fsr-3420	521	9	account	account	NOUN
fsr-3420	521	10	is	be	AUX
fsr-3420	521	11	all	all	PRON
fsr-3420	521	12	-	-	PUNCT
fsr-3420	521	13	stocks	stock	NOUN
fsr-3420	521	14	,	,	PUNCT
fsr-3420	521	15	the	the	DET
fsr-3420	521	16	retiree	retiree	NOUN
fsr-3420	521	17	is	be	AUX
fsr-3420	521	18	trying	try	VERB
fsr-3420	521	19	to	to	PART
fsr-3420	521	20	use	use	VERB
fsr-3420	521	21	all	all	DET
fsr-3420	521	22	her	her	PRON
fsr-3420	521	23	funds	fund	NOUN
fsr-3420	521	24	for	for	ADP
fsr-3420	521	25	consumption	consumption	NOUN
fsr-3420	521	26	,	,	PUNCT
fsr-3420	521	27	and	and	CCONJ
fsr-3420	521	28	the	the	DET
fsr-3420	521	29	appropriate	appropriate	ADJ
fsr-3420	521	30	planning	planning	NOUN
fsr-3420	521	31	horizon	horizon	NOUN
fsr-3420	521	32	length	length	NOUN
fsr-3420	521	33	for	for	ADP
fsr-3420	521	34	the	the	DET
fsr-3420	521	35	current	current	ADJ
fsr-3420	521	36	year	year	NOUN
fsr-3420	521	37	is	be	AUX
fsr-3420	521	38	deemed	deem	VERB
fsr-3420	521	39	to	to	PART
fsr-3420	521	40	be	be	AUX
fsr-3420	521	41	,	,	PUNCT
fsr-3420	521	42	say	say	INTJ
fsr-3420	521	43	,	,	PUNCT
fsr-3420	521	44	15	15	NUM
fsr-3420	521	45	years	year	NOUN
fsr-3420	521	46	,	,	PUNCT
fsr-3420	521	47	then	then	ADV
fsr-3420	521	48	the	the	DET
fsr-3420	521	49	third	third	ADJ
fsr-3420	521	50	column	column	NOUN
fsr-3420	521	51	on	on	ADP
fsr-3420	521	52	the	the	DET
fsr-3420	521	53	right	right	ADJ
fsr-3420	521	54	side	side	NOUN
fsr-3420	521	55	of	of	ADP
fsr-3420	521	56	fig	fig	NOUN
fsr-3420	521	57	.	.	PUNCT
fsr-3420	522	1	24	24	NUM
fsr-3420	522	2	is	be	AUX
fsr-3420	522	3	applicable	applicable	ADJ
fsr-3420	522	4	.	.	PUNCT
fsr-3420	523	1	there	there	ADV
fsr-3420	523	2	we	we	PRON
fsr-3420	523	3	find	find	VERB
fsr-3420	523	4	that	that	SCONJ
fsr-3420	523	5	she	she	PRON
fsr-3420	523	6	should	should	AUX
fsr-3420	523	7	take	take	VERB
fsr-3420	523	8	out	out	ADP
fsr-3420	523	9	at	at	ADV
fsr-3420	523	10	least	least	ADV
fsr-3420	523	11	6.1	6.1	NUM
fsr-3420	523	12	%	%	NOUN
fsr-3420	523	13	of	of	ADP
fsr-3420	523	14	her	her	PRON
fsr-3420	523	15	balance	balance	NOUN
fsr-3420	523	16	,	,	PUNCT
fsr-3420	523	17	lest	lest	SCONJ
fsr-3420	523	18	she	she	PRON
fsr-3420	523	19	takes	take	VERB
fsr-3420	523	20	on	on	ADP
fsr-3420	523	21	too	too	ADV
fsr-3420	523	22	much	much	ADJ
fsr-3420	523	23	risk	risk	NOUN
fsr-3420	523	24	of	of	ADP
fsr-3420	523	25	running	run	VERB
fsr-3420	523	26	up	up	ADP
fsr-3420	523	27	an	an	DET
fsr-3420	523	28	excess	excess	ADJ
fsr-3420	523	29	balance	balance	NOUN
fsr-3420	523	30	,	,	PUNCT
fsr-3420	523	31	and	and	CCONJ
fsr-3420	523	32	perhaps	perhaps	ADV
fsr-3420	523	33	no	no	DET
fsr-3420	523	34	more	more	ADJ
fsr-3420	523	35	than	than	ADP
fsr-3420	523	36	10.5	10.5	NUM
fsr-3420	523	37	%	%	NOUN
fsr-3420	523	38	of	of	ADP
fsr-3420	523	39	the	the	DET
fsr-3420	523	40	balance	balance	NOUN
fsr-3420	523	41	—	—	PUNCT
fsr-3420	523	42	unless	unless	SCONJ
fsr-3420	523	43	she	she	PRON
fsr-3420	523	44	is	be	AUX
fsr-3420	523	45	not	not	PART
fsr-3420	523	46	troubled	trouble	VERB
fsr-3420	523	47	with	with	ADP
fsr-3420	523	48	being	be	AUX
fsr-3420	523	49	more	more	ADJ
fsr-3420	523	50	than	than	ADP
fsr-3420	523	51	50	50	NUM
fsr-3420	523	52	%	%	NOUN
fsr-3420	523	53	likely	likely	ADJ
fsr-3420	523	54	of	of	ADP
fsr-3420	523	55	having	have	VERB
fsr-3420	523	56	to	to	PART
fsr-3420	523	57	reduce	reduce	VERB
fsr-3420	523	58	her	her	PRON
fsr-3420	523	59	withdrawal	withdrawal	NOUN
fsr-3420	523	60	amount	amount	NOUN
fsr-3420	523	61	in	in	ADP
fsr-3420	523	62	the	the	DET
fsr-3420	523	63	future	future	NOUN
fsr-3420	523	64	.	.	PUNCT
fsr-3420	524	1	this	this	PRON
fsr-3420	524	2	is	be	AUX
fsr-3420	524	3	what	what	PRON
fsr-3420	524	4	the	the	DET
fsr-3420	524	5	evidence	evidence	NOUN
fsr-3420	524	6	in	in	ADP
fsr-3420	524	7	the	the	DET
fsr-3420	524	8	historical	historical	ADJ
fsr-3420	524	9	record	record	NOUN
fsr-3420	524	10	tells	tell	VERB
fsr-3420	524	11	us	we	PRON
fsr-3420	524	12	.	.	PUNCT
fsr-3420	525	1	fig	fig	NOUN
fsr-3420	525	2	.	.	PUNCT
fsr-3420	526	1	22	22	NUM
fsr-3420	526	2	summarizes	summarize	NOUN
fsr-3420	526	3	the	the	DET
fsr-3420	526	4	main	main	ADJ
fsr-3420	526	5	features	feature	NOUN
fsr-3420	526	6	of	of	ADP
fsr-3420	526	7	the	the	DET
fsr-3420	526	8	historical	historical	ADJ
fsr-3420	526	9	pwr	pwr	NOUN
fsr-3420	526	10	distributions	distribution	NOUN
fsr-3420	526	11	for	for	ADP
fsr-3420	526	12	the	the	DET
fsr-3420	526	13	four	four	NUM
fsr-3420	526	14	different	different	ADJ
fsr-3420	526	15	horizon	horizon	NOUN
fsr-3420	526	16	lengths	length	NOUN
fsr-3420	526	17	that	that	PRON
fsr-3420	526	18	we	we	PRON
fsr-3420	526	19	discussed	discuss	VERB
fsr-3420	526	20	in	in	ADP
fsr-3420	526	21	detail	detail	NOUN
fsr-3420	526	22	in	in	ADP
fsr-3420	526	23	this	this	DET
fsr-3420	526	24	section	section	NOUN
fsr-3420	526	25	.	.	PUNCT
fsr-3420	527	1	fig	fig	NOUN
fsr-3420	527	2	.	.	PUNCT
fsr-3420	528	1	23	23	NUM
fsr-3420	528	2	presents	present	VERB
fsr-3420	528	3	the	the	DET
fsr-3420	528	4	corresponding	correspond	VERB
fsr-3420	528	5	values	value	NOUN
fsr-3420	528	6	for	for	ADP
fsr-3420	528	7	shorter	short	ADJ
fsr-3420	528	8	horizons	horizon	NOUN
fsr-3420	528	9	,	,	PUNCT
fsr-3420	528	10	and	and	CCONJ
fsr-3420	528	11	fig	fig	NOUN
fsr-3420	528	12	.	.	PUNCT
fsr-3420	529	1	24	24	NUM
fsr-3420	529	2	shows	show	VERB
fsr-3420	529	3	the	the	DET
fsr-3420	529	4	historical	historical	ADJ
fsr-3420	529	5	evolution	evolution	NOUN
fsr-3420	529	6	of	of	ADP
fsr-3420	529	7	the	the	DET
fsr-3420	529	8	pwr	pwr	NOUN
fsr-3420	529	9	for	for	ADP
fsr-3420	529	10	these	these	DET
fsr-3420	529	11	shorter	short	ADJ
fsr-3420	529	12	timeframes.12	timeframes.12	NOUN
fsr-3420	529	13	as	as	ADP
fsr-3420	529	14	for	for	ADP
fsr-3420	529	15	how	how	SCONJ
fsr-3420	529	16	does	do	AUX
fsr-3420	529	17	the	the	DET
fsr-3420	529	18	sequencing	sequence	VERB
fsr-3420	529	19	factor	factor	NOUN
fsr-3420	529	20	change	change	NOUN
fsr-3420	529	21	when	when	SCONJ
fsr-3420	529	22	the	the	DET
fsr-3420	529	23	length	length	NOUN
fsr-3420	529	24	of	of	ADP
fsr-3420	529	25	the	the	DET
fsr-3420	529	26	planning	planning	NOUN
fsr-3420	529	27	horizon	horizon	NOUN
fsr-3420	529	28	is	be	AUX
fsr-3420	529	29	modified	modify	VERB
fsr-3420	529	30	,	,	PUNCT
fsr-3420	529	31	an	an	DET
fsr-3420	529	32	algebraic	algebraic	ADJ
fsr-3420	529	33	analysis	analysis	NOUN
fsr-3420	529	34	indicates	indicate	VERB
fsr-3420	529	35	that	that	SCONJ
fsr-3420	529	36	it	it	PRON
fsr-3420	529	37	should	should	AUX
fsr-3420	529	38	vary	vary	VERB
fsr-3420	529	39	inversely	inversely	ADV
fsr-3420	529	40	with	with	ADP
fsr-3420	529	41	the	the	DET
fsr-3420	529	42	horizon	horizon	NOUN
fsr-3420	529	43	length	length	PROPN
fsr-3420	529	44	parameter	parameter	NOUN
fsr-3420	529	45	.	.	PUNCT
fsr-3420	530	1	first	first	ADV
fsr-3420	530	2	,	,	PUNCT
fsr-3420	530	3	in	in	ADP
fsr-3420	530	4	general	general	ADJ
fsr-3420	530	5	,	,	PUNCT
fsr-3420	530	6	a	a	DET
fsr-3420	530	7	longer	long	ADJ
fsr-3420	530	8	horizon	horizon	NOUN
fsr-3420	530	9	should	should	AUX
fsr-3420	530	10	lead	lead	VERB
fsr-3420	530	11	to	to	ADP
fsr-3420	530	12	lower	low	ADJ
fsr-3420	530	13	withdrawal	withdrawal	NOUN
fsr-3420	530	14	rates	rate	NOUN
fsr-3420	530	15	simply	simply	ADV
fsr-3420	530	16	because	because	SCONJ
fsr-3420	530	17	the	the	DET
fsr-3420	530	18	starting	start	VERB
fsr-3420	530	19	balance	balance	NOUN
fsr-3420	530	20	would	would	AUX
fsr-3420	530	21	need	need	VERB
fsr-3420	530	22	to	to	PART
fsr-3420	530	23	cover	cover	VERB
fsr-3420	530	24	a	a	DET
fsr-3420	530	25	larger	large	ADJ
fsr-3420	530	26	number	number	NOUN
fsr-3420	530	27	of	of	ADP
fsr-3420	530	28	periods	period	NOUN
fsr-3420	530	29	(	(	PUNCT
fsr-3420	530	30	a	a	DET
fsr-3420	530	31	longer	long	ADJ
fsr-3420	530	32	life	life	NOUN
fsr-3420	530	33	span	span	NOUN
fsr-3420	530	34	)	)	PUNCT
fsr-3420	530	35	.	.	PUNCT
fsr-3420	531	1	second	second	ADV
fsr-3420	531	2	,	,	PUNCT
fsr-3420	531	3	the	the	DET
fsr-3420	531	4	total	total	ADJ
fsr-3420	531	5	compounded	compound	VERB
fsr-3420	531	6	return	return	NOUN
fsr-3420	531	7	generated	generate	VERB
fsr-3420	531	8	by	by	ADP
fsr-3420	531	9	the	the	DET
fsr-3420	531	10	investment	investment	NOUN
fsr-3420	531	11	portfolio	portfolio	NOUN
fsr-3420	531	12	over	over	ADP
fsr-3420	531	13	the	the	DET
fsr-3420	531	14	entire	entire	ADJ
fsr-3420	531	15	period	period	NOUN
fsr-3420	531	16	should	should	AUX
fsr-3420	531	17	become	become	VERB
fsr-3420	531	18	larger	large	ADJ
fsr-3420	531	19	as	as	SCONJ
fsr-3420	531	20	the	the	DET
fsr-3420	531	21	planning	planning	NOUN
fsr-3420	531	22	horizon	horizon	NOUN
fsr-3420	531	23	lengthens	lengthen	VERB
fsr-3420	531	24	—	—	PUNCT
fsr-3420	531	25	again	again	ADV
fsr-3420	531	26	,	,	PUNCT
fsr-3420	531	27	in	in	ADP
fsr-3420	531	28	general	general	ADJ
fsr-3420	531	29	—	—	PUNCT
fsr-3420	531	30	because	because	SCONJ
fsr-3420	531	31	there	there	PRON
fsr-3420	531	32	will	will	AUX
fsr-3420	531	33	now	now	ADV
fsr-3420	531	34	be	be	AUX
fsr-3420	531	35	more	more	ADJ
fsr-3420	531	36	periods	period	NOUN
fsr-3420	531	37	over	over	ADP
fsr-3420	531	38	which	which	PRON
fsr-3420	531	39	the	the	DET
fsr-3420	531	40	return	return	NOUN
fsr-3420	531	41	rates	rate	NOUN
fsr-3420	531	42	will	will	AUX
fsr-3420	531	43	compound	compound	VERB
fsr-3420	531	44	to	to	PART
fsr-3420	531	45	provide	provide	VERB
fsr-3420	531	46	the	the	DET
fsr-3420	531	47	total	total	ADJ
fsr-3420	531	48	return	return	NOUN
fsr-3420	531	49	.	.	PUNCT
fsr-3420	532	1	finally	finally	ADV
fsr-3420	532	2	,	,	PUNCT
fsr-3420	532	3	from	from	ADP
fsr-3420	532	4	the	the	DET
fsr-3420	532	5	decomposition	decomposition	NOUN
fsr-3420	532	6	of	of	ADP
fsr-3420	532	7	the	the	DET
fsr-3420	532	8	pwr	pwr	NOUN
fsr-3420	532	9	fig	fig	NOUN
fsr-3420	532	10	.	.	PUNCT
fsr-3420	533	1	24	24	NUM
fsr-3420	533	2	.	.	NOUN
fsr-3420	534	1	same	same	ADJ
fsr-3420	534	2	as	as	ADP
fsr-3420	534	3	fig	fig	NOUN
fsr-3420	534	4	.	.	PUNCT
fsr-3420	535	1	22	22	NUM
fsr-3420	535	2	,	,	PUNCT
fsr-3420	535	3	but	but	CCONJ
fsr-3420	535	4	with	with	ADP
fsr-3420	535	5	shorter	short	ADJ
fsr-3420	535	6	planning	planning	NOUN
fsr-3420	535	7	horizons	horizon	NOUN
fsr-3420	535	8	.	.	PUNCT
fsr-3420	536	1	126	126	NUM
fsr-3420	536	2	e.d	e.d	PROPN
fsr-3420	536	3	.	.	PROPN
fsr-3420	536	4	suarez	suarez	PROPN
fsr-3420	536	5	/	/	SYM
fsr-3420	536	6	financial	financial	ADJ
fsr-3420	536	7	services	service	NOUN
fsr-3420	536	8	review	review	VERB
fsr-3420	536	9	28	28	NUM
fsr-3420	536	10	(	(	PUNCT
fsr-3420	536	11	2020	2020	NUM
fsr-3420	536	12	)	)	PUNCT
fsr-3420	537	1	96–132	96–132	NUM
fsr-3420	537	2	provided	provide	VERB
fsr-3420	537	3	by	by	ADP
fsr-3420	537	4	eq	eq	PROPN
fsr-3420	537	5	.	.	PUNCT
fsr-3420	538	1	(	(	PUNCT
fsr-3420	538	2	5	5	NUM
fsr-3420	538	3	)	)	PUNCT
fsr-3420	538	4	(	(	PUNCT
fsr-3420	538	5	w	w	NOUN
fsr-3420	538	6	/	/	SYM
fsr-3420	538	7	ks	ks	NOUN
fsr-3420	538	8	=	=	PUNCT
fsr-3420	538	9	rnsn	rnsn	PROPN
fsr-3420	538	10	)	)	PUNCT
fsr-3420	538	11	we	we	PRON
fsr-3420	538	12	see	see	VERB
fsr-3420	538	13	that	that	SCONJ
fsr-3420	538	14	a	a	DET
fsr-3420	538	15	lower	low	ADJ
fsr-3420	538	16	withdrawal	withdrawal	NOUN
fsr-3420	538	17	rate	rate	NOUN
fsr-3420	538	18	(	(	PUNCT
fsr-3420	538	19	left	left	ADJ
fsr-3420	538	20	-	-	PUNCT
fsr-3420	538	21	hand	hand	NOUN
fsr-3420	538	22	side	side	NOUN
fsr-3420	538	23	of	of	ADP
fsr-3420	538	24	the	the	DET
fsr-3420	538	25	equation	equation	NOUN
fsr-3420	538	26	)	)	PUNCT
fsr-3420	538	27	may	may	AUX
fsr-3420	538	28	be	be	AUX
fsr-3420	538	29	reconciled	reconcile	VERB
fsr-3420	538	30	with	with	ADP
fsr-3420	538	31	a	a	DET
fsr-3420	538	32	larger	large	ADJ
fsr-3420	538	33	total	total	ADJ
fsr-3420	538	34	return	return	NOUN
fsr-3420	538	35	(	(	PUNCT
fsr-3420	538	36	rn	rn	NOUN
fsr-3420	538	37	,	,	PUNCT
fsr-3420	538	38	in	in	ADP
fsr-3420	538	39	the	the	DET
fsr-3420	538	40	right	right	ADJ
fsr-3420	538	41	-	-	PUNCT
fsr-3420	538	42	hand	hand	NOUN
fsr-3420	538	43	side	side	NOUN
fsr-3420	538	44	of	of	ADP
fsr-3420	538	45	the	the	DET
fsr-3420	538	46	equation	equation	NOUN
fsr-3420	538	47	)	)	PUNCT
fsr-3420	538	48	,	,	PUNCT
fsr-3420	538	49	only	only	ADV
fsr-3420	538	50	if	if	SCONJ
fsr-3420	538	51	the	the	DET
fsr-3420	538	52	corresponding	correspond	VERB
fsr-3420	538	53	sequencing	sequence	VERB
fsr-3420	538	54	factor	factor	NOUN
fsr-3420	538	55	decreases	decrease	VERB
fsr-3420	538	56	,	,	PUNCT
fsr-3420	538	57	because	because	SCONJ
fsr-3420	538	58	sn	sn	PROPN
fsr-3420	538	59	is	be	AUX
fsr-3420	538	60	the	the	DET
fsr-3420	538	61	sole	sole	ADJ
fsr-3420	538	62	remaining	remain	VERB
fsr-3420	538	63	term	term	NOUN
fsr-3420	538	64	in	in	ADP
fsr-3420	538	65	the	the	DET
fsr-3420	538	66	right	right	ADJ
fsr-3420	538	67	-	-	PUNCT
fsr-3420	538	68	hand	hand	NOUN
fsr-3420	538	69	side	side	NOUN
fsr-3420	538	70	of	of	ADP
fsr-3420	538	71	the	the	DET
fsr-3420	538	72	equation	equation	NOUN
fsr-3420	538	73	.	.	PUNCT
fsr-3420	539	1	fig	fig	NOUN
fsr-3420	539	2	.	.	PUNCT
fsr-3420	540	1	25	25	NUM
fsr-3420	540	2	.	.	PUNCT
fsr-3420	540	3	sequencing	sequence	VERB
fsr-3420	540	4	factor	factor	NOUN
fsr-3420	540	5	for	for	ADP
fsr-3420	540	6	100%-stocks	100%-stock	NOUN
fsr-3420	540	7	portfolio	portfolio	NOUN
fsr-3420	540	8	over	over	ADP
fsr-3420	540	9	different	different	ADJ
fsr-3420	540	10	horizon	horizon	NOUN
fsr-3420	540	11	lengths	length	NOUN
fsr-3420	540	12	.	.	PUNCT
fsr-3420	541	1	in	in	ADP
fsr-3420	541	2	general	general	ADJ
fsr-3420	541	3	,	,	PUNCT
fsr-3420	541	4	longer	long	ADJ
fsr-3420	541	5	timeframes	timeframe	NOUN
fsr-3420	541	6	should	should	AUX
fsr-3420	541	7	be	be	AUX
fsr-3420	541	8	associated	associate	VERB
fsr-3420	541	9	with	with	ADP
fsr-3420	541	10	lower	low	ADJ
fsr-3420	541	11	values	value	NOUN
fsr-3420	541	12	for	for	ADP
fsr-3420	541	13	the	the	DET
fsr-3420	541	14	sequencing	sequence	VERB
fsr-3420	541	15	factor	factor	NOUN
fsr-3420	541	16	but	but	CCONJ
fsr-3420	541	17	,	,	PUNCT
fsr-3420	541	18	although	although	SCONJ
fsr-3420	541	19	true	true	ADJ
fsr-3420	541	20	in	in	ADP
fsr-3420	541	21	general	general	ADJ
fsr-3420	541	22	in	in	ADP
fsr-3420	541	23	the	the	DET
fsr-3420	541	24	historical	historical	ADJ
fsr-3420	541	25	record	record	NOUN
fsr-3420	541	26	,	,	PUNCT
fsr-3420	541	27	we	we	PRON
fsr-3420	541	28	see	see	VERB
fsr-3420	541	29	that	that	SCONJ
fsr-3420	541	30	this	this	PRON
fsr-3420	541	31	has	have	AUX
fsr-3420	541	32	not	not	PART
fsr-3420	541	33	always	always	ADV
fsr-3420	541	34	been	be	AUX
fsr-3420	541	35	the	the	DET
fsr-3420	541	36	case	case	NOUN
fsr-3420	541	37	.	.	PUNCT
fsr-3420	542	1	fig	fig	NOUN
fsr-3420	542	2	.	.	PUNCT
fsr-3420	543	1	26	26	NUM
fsr-3420	543	2	.	.	PUNCT
fsr-3420	544	1	historical	historical	ADJ
fsr-3420	544	2	90%-safe	90%-safe	NUM
fsr-3420	544	3	pwr	pwr	NOUN
fsr-3420	544	4	for	for	ADP
fsr-3420	544	5	zero	zero	NUM
fsr-3420	544	6	bequest	bequest	NOUN
fsr-3420	544	7	goal	goal	NOUN
fsr-3420	544	8	,	,	PUNCT
fsr-3420	544	9	as	as	SCONJ
fsr-3420	544	10	asset	asset	NOUN
fsr-3420	544	11	mix	mix	NOUN
fsr-3420	544	12	and	and	CCONJ
fsr-3420	544	13	horizon	horizon	NOUN
fsr-3420	544	14	length	length	NOUN
fsr-3420	544	15	vary	vary	VERB
fsr-3420	544	16	.	.	PUNCT
fsr-3420	545	1	this	this	PRON
fsr-3420	545	2	is	be	AUX
fsr-3420	545	3	a	a	DET
fsr-3420	545	4	particular	particular	ADJ
fsr-3420	545	5	3	3	NUM
fsr-3420	545	6	-	-	PUNCT
fsr-3420	545	7	day	day	NOUN
fsr-3420	545	8	section	section	NOUN
fsr-3420	545	9	of	of	ADP
fsr-3420	545	10	the	the	DET
fsr-3420	545	11	historical	historical	ADJ
fsr-3420	545	12	pwr	pwr	NOUN
fsr-3420	545	13	hypercube	hypercube	NOUN
fsr-3420	545	14	;	;	PUNCT
fsr-3420	545	15	similar	similar	ADJ
fsr-3420	545	16	sections	section	NOUN
fsr-3420	545	17	can	can	AUX
fsr-3420	545	18	be	be	AUX
fsr-3420	545	19	produced	produce	VERB
fsr-3420	545	20	for	for	ADP
fsr-3420	545	21	other	other	ADJ
fsr-3420	545	22	safety	safety	NOUN
fsr-3420	545	23	levels	level	NOUN
fsr-3420	545	24	or	or	CCONJ
fsr-3420	545	25	bequest	bequest	NOUN
fsr-3420	545	26	goals	goal	NOUN
fsr-3420	545	27	.	.	PUNCT
fsr-3420	546	1	also	also	ADV
fsr-3420	546	2	,	,	PUNCT
fsr-3420	546	3	any	any	PRON
fsr-3420	546	4	of	of	ADP
fsr-3420	546	5	these	these	DET
fsr-3420	546	6	two	two	NUM
fsr-3420	546	7	control	control	NOUN
fsr-3420	546	8	parameters	parameter	NOUN
fsr-3420	546	9	may	may	AUX
fsr-3420	546	10	be	be	AUX
fsr-3420	546	11	swapped	swap	VERB
fsr-3420	546	12	for	for	ADP
fsr-3420	546	13	one	one	NUM
fsr-3420	546	14	of	of	ADP
fsr-3420	546	15	the	the	DET
fsr-3420	546	16	three	three	NUM
fsr-3420	546	17	variables	variable	NOUN
fsr-3420	546	18	in	in	ADP
fsr-3420	546	19	the	the	DET
fsr-3420	546	20	axes	axis	NOUN
fsr-3420	546	21	of	of	ADP
fsr-3420	546	22	this	this	DET
fsr-3420	546	23	chart	chart	NOUN
fsr-3420	546	24	,	,	PUNCT
fsr-3420	546	25	so	so	SCONJ
fsr-3420	546	26	as	as	SCONJ
fsr-3420	546	27	to	to	PART
fsr-3420	546	28	explore	explore	VERB
fsr-3420	546	29	different	different	ADJ
fsr-3420	546	30	situations	situation	NOUN
fsr-3420	546	31	(	(	PUNCT
fsr-3420	546	32	see	see	VERB
fsr-3420	546	33	,	,	PUNCT
fsr-3420	546	34	for	for	ADP
fsr-3420	546	35	comparison	comparison	NOUN
fsr-3420	546	36	,	,	PUNCT
fsr-3420	546	37	the	the	DET
fsr-3420	546	38	work	work	NOUN
fsr-3420	546	39	of	of	ADP
fsr-3420	546	40	frank	frank	PROPN
fsr-3420	546	41	et	et	PROPN
fsr-3420	546	42	al	al	PROPN
fsr-3420	546	43	.	.	PROPN
fsr-3420	547	1	(	(	PUNCT
fsr-3420	547	2	2011	2011	NUM
fsr-3420	547	3	)	)	PUNCT
fsr-3420	547	4	)	)	PUNCT
fsr-3420	547	5	.	.	PUNCT
fsr-3420	548	1	e.d	e.d	PROPN
fsr-3420	548	2	.	.	PROPN
fsr-3420	548	3	suarez	suarez	PROPN
fsr-3420	548	4	/	/	SYM
fsr-3420	548	5	financial	financial	ADJ
fsr-3420	548	6	services	service	NOUN
fsr-3420	548	7	review	review	VERB
fsr-3420	548	8	28	28	NUM
fsr-3420	548	9	(	(	PUNCT
fsr-3420	548	10	2020	2020	NUM
fsr-3420	548	11	)	)	PUNCT
fsr-3420	549	1	96–132	96–132	NUM
fsr-3420	549	2	127	127	NUM
fsr-3420	549	3	fig	fig	NOUN
fsr-3420	549	4	.	.	PUNCT
fsr-3420	550	1	25	25	NUM
fsr-3420	550	2	shows	show	VERB
fsr-3420	550	3	the	the	DET
fsr-3420	550	4	actual	actual	ADJ
fsr-3420	550	5	values	value	NOUN
fsr-3420	550	6	of	of	ADP
fsr-3420	550	7	the	the	DET
fsr-3420	550	8	sequencing	sequence	VERB
fsr-3420	550	9	factor	factor	NOUN
fsr-3420	550	10	,	,	PUNCT
fsr-3420	550	11	over	over	ADP
fsr-3420	550	12	the	the	DET
fsr-3420	550	13	historical	historical	ADJ
fsr-3420	550	14	record	record	NOUN
fsr-3420	550	15	,	,	PUNCT
fsr-3420	550	16	for	for	ADP
fsr-3420	550	17	the	the	DET
fsr-3420	550	18	four	four	NUM
fsr-3420	550	19	horizon	horizon	NOUN
fsr-3420	550	20	lengths	length	NOUN
fsr-3420	550	21	that	that	PRON
fsr-3420	550	22	we	we	PRON
fsr-3420	550	23	examined	examine	VERB
fsr-3420	550	24	more	more	ADV
fsr-3420	550	25	closely	closely	ADV
fsr-3420	550	26	in	in	ADP
fsr-3420	550	27	this	this	DET
fsr-3420	550	28	section	section	NOUN
fsr-3420	550	29	.	.	PUNCT
fsr-3420	551	1	it	it	PRON
fsr-3420	551	2	is	be	AUX
fsr-3420	551	3	interesting	interesting	ADJ
fsr-3420	551	4	to	to	PART
fsr-3420	551	5	note	note	VERB
fsr-3420	551	6	that	that	SCONJ
fsr-3420	551	7	,	,	PUNCT
fsr-3420	551	8	the	the	DET
fsr-3420	551	9	arguments	argument	NOUN
fsr-3420	551	10	of	of	ADP
fsr-3420	551	11	the	the	DET
fsr-3420	551	12	previous	previous	ADJ
fsr-3420	551	13	paragraph	paragraph	NOUN
fsr-3420	551	14	notwithstanding	notwithstanding	ADP
fsr-3420	551	15	,	,	PUNCT
fsr-3420	551	16	there	there	PRON
fsr-3420	551	17	are	be	VERB
fsr-3420	551	18	several	several	ADJ
fsr-3420	551	19	periods	period	NOUN
fsr-3420	551	20	in	in	ADP
fsr-3420	551	21	the	the	DET
fsr-3420	551	22	historical	historical	ADJ
fsr-3420	551	23	record	record	NOUN
fsr-3420	551	24	where	where	SCONJ
fsr-3420	551	25	the	the	DET
fsr-3420	551	26	sequencing	sequence	VERB
fsr-3420	551	27	factor	factor	NOUN
fsr-3420	551	28	for	for	ADP
fsr-3420	551	29	shorter	short	ADJ
fsr-3420	551	30	horizons	horizon	NOUN
fsr-3420	551	31	was	be	AUX
fsr-3420	551	32	lower	low	ADJ
fsr-3420	551	33	than	than	ADP
fsr-3420	551	34	the	the	DET
fsr-3420	551	35	factors	factor	NOUN
fsr-3420	551	36	for	for	ADP
fsr-3420	551	37	longer	long	ADJ
fsr-3420	551	38	horizons	horizon	NOUN
fsr-3420	551	39	beginning	begin	VERB
fsr-3420	551	40	on	on	ADP
fsr-3420	551	41	the	the	DET
fsr-3420	551	42	same	same	ADJ
fsr-3420	551	43	date	date	NOUN
fsr-3420	551	44	.	.	PUNCT
fsr-3420	552	1	in	in	ADP
fsr-3420	552	2	general	general	ADJ
fsr-3420	552	3	,	,	PUNCT
fsr-3420	552	4	however	however	ADV
fsr-3420	552	5	,	,	PUNCT
fsr-3420	552	6	the	the	DET
fsr-3420	552	7	arguments	argument	NOUN
fsr-3420	552	8	presented	present	VERB
fsr-3420	552	9	above	above	ADV
fsr-3420	552	10	are	be	AUX
fsr-3420	552	11	confirmed	confirm	VERB
fsr-3420	552	12	by	by	ADP
fsr-3420	552	13	our	our	PRON
fsr-3420	552	14	results	result	NOUN
fsr-3420	552	15	.	.	PUNCT
fsr-3420	553	1	it	it	PRON
fsr-3420	553	2	would	would	AUX
fsr-3420	553	3	also	also	ADV
fsr-3420	553	4	be	be	AUX
fsr-3420	553	5	useful	useful	ADJ
fsr-3420	553	6	to	to	PART
fsr-3420	553	7	understand	understand	VERB
fsr-3420	553	8	the	the	DET
fsr-3420	553	9	pwr	pwr	NOUN
fsr-3420	553	10	interplay	interplay	NOUN
fsr-3420	553	11	between	between	ADP
fsr-3420	553	12	horizon	horizon	NOUN
fsr-3420	553	13	lengths	length	NOUN
fsr-3420	553	14	and	and	CCONJ
fsr-3420	553	15	asset	asset	NOUN
fsr-3420	553	16	mixes	mix	VERB
fsr-3420	553	17	in	in	ADP
fsr-3420	553	18	the	the	DET
fsr-3420	553	19	historical	historical	ADJ
fsr-3420	553	20	record	record	NOUN
fsr-3420	553	21	,	,	PUNCT
fsr-3420	553	22	as	as	SCONJ
fsr-3420	553	23	this	this	PRON
fsr-3420	553	24	would	would	AUX
fsr-3420	553	25	provide	provide	VERB
fsr-3420	553	26	guidelines	guideline	NOUN
fsr-3420	553	27	for	for	ADP
fsr-3420	553	28	the	the	DET
fsr-3420	553	29	construction	construction	NOUN
fsr-3420	553	30	of	of	ADP
fsr-3420	553	31	glide	glide	ADJ
fsr-3420	553	32	path	path	NOUN
fsr-3420	553	33	strategies	strategy	NOUN
fsr-3420	553	34	and	and	CCONJ
fsr-3420	553	35	for	for	ADP
fsr-3420	553	36	the	the	DET
fsr-3420	553	37	management	management	NOUN
fsr-3420	553	38	of	of	ADP
fsr-3420	553	39	funds	fund	NOUN
fsr-3420	553	40	that	that	PRON
fsr-3420	553	41	are	be	AUX
fsr-3420	553	42	to	to	PART
fsr-3420	553	43	provide	provide	VERB
fsr-3420	553	44	income	income	NOUN
fsr-3420	553	45	during	during	ADP
fsr-3420	553	46	retirement	retirement	NOUN
fsr-3420	553	47	.	.	PUNCT
fsr-3420	554	1	of	of	ADP
fsr-3420	554	2	course	course	NOUN
fsr-3420	554	3	,	,	PUNCT
fsr-3420	554	4	all	all	DET
fsr-3420	554	5	the	the	DET
fsr-3420	554	6	algorithms	algorithm	NOUN
fsr-3420	554	7	and	and	CCONJ
fsr-3420	554	8	rules	rule	NOUN
fsr-3420	554	9	currently	currently	ADV
fsr-3420	554	10	used	use	VERB
fsr-3420	554	11	by	by	ADP
fsr-3420	554	12	serious	serious	ADJ
fsr-3420	554	13	practices	practice	NOUN
fsr-3420	554	14	have	have	VERB
fsr-3420	554	15	a	a	DET
fsr-3420	554	16	strong	strong	ADJ
fsr-3420	554	17	statistical	statistical	ADJ
fsr-3420	554	18	foundation	foundation	NOUN
fsr-3420	554	19	,	,	PUNCT
fsr-3420	554	20	but	but	CCONJ
fsr-3420	554	21	it	it	PRON
fsr-3420	554	22	would	would	AUX
fsr-3420	554	23	still	still	ADV
fsr-3420	554	24	be	be	AUX
fsr-3420	554	25	instructive	instructive	ADJ
fsr-3420	554	26	to	to	PART
fsr-3420	554	27	know	know	VERB
fsr-3420	554	28	what	what	PRON
fsr-3420	554	29	these	these	DET
fsr-3420	554	30	programs	program	NOUN
fsr-3420	554	31	look	look	VERB
fsr-3420	554	32	like	like	ADP
fsr-3420	554	33	when	when	SCONJ
fsr-3420	554	34	placed	place	VERB
fsr-3420	554	35	under	under	ADP
fsr-3420	554	36	the	the	DET
fsr-3420	554	37	lens	lens	NOUN
fsr-3420	554	38	of	of	ADP
fsr-3420	554	39	historical	historical	ADJ
fsr-3420	554	40	experience	experience	NOUN
fsr-3420	554	41	.	.	PUNCT
fsr-3420	555	1	we	we	PRON
fsr-3420	555	2	offer	offer	VERB
fsr-3420	555	3	the	the	DET
fsr-3420	555	4	results	result	NOUN
fsr-3420	555	5	shown	show	VERB
fsr-3420	555	6	in	in	ADP
fsr-3420	555	7	fig	fig	NOUN
fsr-3420	555	8	.	.	PUNCT
fsr-3420	556	1	26	26	NUM
fsr-3420	556	2	as	as	ADP
fsr-3420	556	3	a	a	DET
fsr-3420	556	4	point	point	NOUN
fsr-3420	556	5	of	of	ADP
fsr-3420	556	6	entry	entry	NOUN
fsr-3420	556	7	for	for	ADP
fsr-3420	556	8	this	this	DET
fsr-3420	556	9	discussion	discussion	NOUN
fsr-3420	556	10	.	.	PUNCT
fsr-3420	557	1	this	this	DET
fsr-3420	557	2	chart	chart	NOUN
fsr-3420	557	3	shows	show	VERB
fsr-3420	557	4	that	that	SCONJ
fsr-3420	557	5	for	for	ADP
fsr-3420	557	6	the	the	DET
fsr-3420	557	7	40	40	NUM
fsr-3420	557	8	,	,	PUNCT
fsr-3420	557	9	35	35	NUM
fsr-3420	557	10	,	,	PUNCT
fsr-3420	557	11	and	and	CCONJ
fsr-3420	557	12	30	30	NUM
fsr-3420	557	13	-	-	PUNCT
fsr-3420	557	14	year	year	NOUN
fsr-3420	557	15	horizon	horizon	NOUN
fsr-3420	557	16	lengths	length	NOUN
fsr-3420	557	17	,	,	PUNCT
fsr-3420	557	18	the	the	DET
fsr-3420	557	19	highest	high	ADJ
fsr-3420	557	20	90%safe	90%safe	NOUN
fsr-3420	557	21	rate	rate	NOUN
fsr-3420	557	22	is	be	AUX
fsr-3420	557	23	attained	attain	VERB
fsr-3420	557	24	with	with	ADP
fsr-3420	557	25	the	the	DET
fsr-3420	557	26	70/30	70/30	NUM
fsr-3420	557	27	mix	mix	NOUN
fsr-3420	557	28	,	,	PUNCT
fsr-3420	557	29	whereas	whereas	SCONJ
fsr-3420	557	30	for	for	ADP
fsr-3420	557	31	the	the	DET
fsr-3420	557	32	25	25	NUM
fsr-3420	557	33	-	-	PUNCT
fsr-3420	557	34	year	year	NOUN
fsr-3420	557	35	horizon	horizon	NOUN
fsr-3420	557	36	this	this	DET
fsr-3420	557	37	rate	rate	NOUN
fsr-3420	557	38	is	be	AUX
fsr-3420	557	39	slightly	slightly	ADV
fsr-3420	557	40	higher	high	ADJ
fsr-3420	557	41	with	with	ADP
fsr-3420	557	42	the	the	DET
fsr-3420	557	43	60/40	60/40	NUM
fsr-3420	557	44	mix	mix	NOUN
fsr-3420	557	45	.	.	PUNCT
fsr-3420	558	1	from	from	ADP
fsr-3420	558	2	the	the	DET
fsr-3420	558	3	point	point	NOUN
fsr-3420	558	4	of	of	ADP
fsr-3420	558	5	view	view	NOUN
fsr-3420	558	6	of	of	ADP
fsr-3420	558	7	mutual	mutual	ADJ
fsr-3420	558	8	funds	fund	NOUN
fsr-3420	558	9	designed	design	VERB
fsr-3420	558	10	to	to	PART
fsr-3420	558	11	provide	provide	VERB
fsr-3420	558	12	income	income	NOUN
fsr-3420	558	13	during	during	ADP
fsr-3420	558	14	retirement	retirement	NOUN
fsr-3420	558	15	,	,	PUNCT
fsr-3420	558	16	the	the	DET
fsr-3420	558	17	25	25	NUM
fsr-3420	558	18	-	-	PUNCT
fsr-3420	558	19	year	year	NOUN
fsr-3420	558	20	and	and	CCONJ
fsr-3420	558	21	30	30	NUM
fsr-3420	558	22	-	-	PUNCT
fsr-3420	558	23	year	year	NOUN
fsr-3420	558	24	timespans	timespan	NOUN
fsr-3420	558	25	can	can	AUX
fsr-3420	558	26	be	be	AUX
fsr-3420	558	27	considered	consider	VERB
fsr-3420	558	28	reasonable	reasonable	ADJ
fsr-3420	558	29	or	or	CCONJ
fsr-3420	558	30	even	even	ADV
fsr-3420	558	31	short	short	ADJ
fsr-3420	558	32	,	,	PUNCT
fsr-3420	558	33	and	and	CCONJ
fsr-3420	558	34	even	even	ADV
fsr-3420	558	35	so	so	ADV
fsr-3420	558	36	the	the	DET
fsr-3420	558	37	“	"	PUNCT
fsr-3420	558	38	very	very	ADV
fsr-3420	558	39	safe	safe	ADJ
fsr-3420	558	40	”	"	PUNCT
fsr-3420	558	41	withdrawal	withdrawal	NOUN
fsr-3420	558	42	rate	rate	NOUN
fsr-3420	558	43	is	be	AUX
fsr-3420	558	44	highest	high	ADJ
fsr-3420	558	45	at	at	ADP
fsr-3420	558	46	equity	equity	NOUN
fsr-3420	558	47	allocations	allocation	NOUN
fsr-3420	558	48	that	that	PRON
fsr-3420	558	49	are	be	AUX
fsr-3420	558	50	larger	large	ADJ
fsr-3420	558	51	than	than	ADP
fsr-3420	558	52	what	what	PRON
fsr-3420	558	53	is	be	AUX
fsr-3420	558	54	normally	normally	ADV
fsr-3420	558	55	used	use	VERB
fsr-3420	558	56	in	in	ADP
fsr-3420	558	57	these	these	DET
fsr-3420	558	58	funds.13	funds.13	NOUN
fsr-3420	558	59	also	also	ADV
fsr-3420	558	60	,	,	PUNCT
fsr-3420	558	61	a	a	DET
fsr-3420	558	62	strategy	strategy	NOUN
fsr-3420	558	63	that	that	PRON
fsr-3420	558	64	switches	switch	VERB
fsr-3420	558	65	the	the	DET
fsr-3420	558	66	portfolio	portfolio	NOUN
fsr-3420	558	67	mix	mix	VERB
fsr-3420	558	68	away	away	ADV
fsr-3420	558	69	from	from	ADP
fsr-3420	558	70	stocks	stock	NOUN
fsr-3420	558	71	when	when	SCONJ
fsr-3420	558	72	a	a	DET
fsr-3420	558	73	certain	certain	ADJ
fsr-3420	558	74	accumulation	accumulation	NOUN
fsr-3420	558	75	goal	goal	NOUN
fsr-3420	558	76	is	be	AUX
fsr-3420	558	77	attained	attain	VERB
fsr-3420	558	78	(	(	PUNCT
fsr-3420	558	79	basu	basu	PROPN
fsr-3420	558	80	et	et	PROPN
fsr-3420	558	81	al	al	PROPN
fsr-3420	558	82	.	.	PROPN
fsr-3420	558	83	,	,	PUNCT
fsr-3420	558	84	2011	2011	NUM
fsr-3420	558	85	)	)	PUNCT
fsr-3420	558	86	may	may	AUX
fsr-3420	558	87	also	also	ADV
fsr-3420	558	88	be	be	AUX
fsr-3420	558	89	called	call	VERB
fsr-3420	558	90	into	into	ADP
fsr-3420	558	91	question	question	NOUN
fsr-3420	558	92	,	,	PUNCT
fsr-3420	558	93	because	because	SCONJ
fsr-3420	558	94	presumably	presumably	ADV
fsr-3420	558	95	the	the	DET
fsr-3420	558	96	retiree	retiree	NOUN
fsr-3420	558	97	’s	’s	PART
fsr-3420	558	98	goal	goal	NOUN
fsr-3420	558	99	is	be	AUX
fsr-3420	558	100	not	not	PART
fsr-3420	558	101	to	to	PART
fsr-3420	558	102	reach	reach	VERB
fsr-3420	558	103	the	the	DET
fsr-3420	558	104	payout	payout	ADJ
fsr-3420	558	105	phase	phase	NOUN
fsr-3420	558	106	with	with	ADP
fsr-3420	558	107	a	a	DET
fsr-3420	558	108	large	large	ADJ
fsr-3420	558	109	balance	balance	NOUN
fsr-3420	558	110	in	in	ADP
fsr-3420	558	111	her	her	PRON
fsr-3420	558	112	account	account	NOUN
fsr-3420	558	113	,	,	PUNCT
fsr-3420	558	114	but	but	CCONJ
fsr-3420	558	115	to	to	PART
fsr-3420	558	116	make	make	VERB
fsr-3420	558	117	a	a	DET
fsr-3420	558	118	series	series	NOUN
fsr-3420	558	119	of	of	ADP
fsr-3420	558	120	large	large	ADJ
fsr-3420	558	121	withdrawals	withdrawal	NOUN
fsr-3420	558	122	from	from	ADP
fsr-3420	558	123	it	it	PRON
fsr-3420	558	124	.	.	PUNCT
fsr-3420	559	1	keeping	keep	VERB
fsr-3420	559	2	a	a	DET
fsr-3420	559	3	high	high	ADJ
fsr-3420	559	4	stocks	stock	NOUN
fsr-3420	559	5	allocation	allocation	NOUN
fsr-3420	559	6	can	can	AUX
fsr-3420	559	7	help	help	VERB
fsr-3420	559	8	her	she	PRON
fsr-3420	559	9	achieve	achieve	VERB
fsr-3420	559	10	this	this	PRON
fsr-3420	559	11	,	,	PUNCT
fsr-3420	559	12	even	even	ADV
fsr-3420	559	13	after	after	SCONJ
fsr-3420	559	14	the	the	DET
fsr-3420	559	15	phase	phase	NOUN
fsr-3420	559	16	transition	transition	NOUN
fsr-3420	559	17	point	point	NOUN
fsr-3420	559	18	is	be	AUX
fsr-3420	559	19	passed	pass	VERB
fsr-3420	559	20	.	.	PUNCT
fsr-3420	560	1	10	10	NUM
fsr-3420	560	2	.	.	PUNCT
fsr-3420	560	3	conclusions	conclusion	NOUN
fsr-3420	560	4	the	the	DET
fsr-3420	560	5	examination	examination	NOUN
fsr-3420	560	6	of	of	ADP
fsr-3420	560	7	historical	historical	ADJ
fsr-3420	560	8	data	datum	NOUN
fsr-3420	560	9	using	use	VERB
fsr-3420	560	10	the	the	DET
fsr-3420	560	11	pwa	pwa	PROPN
fsr-3420	560	12	approach	approach	NOUN
fsr-3420	560	13	yields	yield	VERB
fsr-3420	560	14	useful	useful	ADJ
fsr-3420	560	15	results	result	NOUN
fsr-3420	560	16	for	for	ADP
fsr-3420	560	17	the	the	DET
fsr-3420	560	18	management	management	NOUN
fsr-3420	560	19	of	of	ADP
fsr-3420	560	20	retirement	retirement	NOUN
fsr-3420	560	21	investment	investment	NOUN
fsr-3420	560	22	accounts	account	NOUN
fsr-3420	560	23	.	.	PUNCT
fsr-3420	561	1	the	the	DET
fsr-3420	561	2	historical	historical	ADJ
fsr-3420	561	3	record	record	NOUN
fsr-3420	561	4	would	would	AUX
fsr-3420	561	5	recommend	recommend	VERB
fsr-3420	561	6	the	the	DET
fsr-3420	561	7	use	use	NOUN
fsr-3420	561	8	of	of	ADP
fsr-3420	561	9	relatively	relatively	ADV
fsr-3420	561	10	stock	stock	NOUN
fsr-3420	561	11	-	-	PUNCT
fsr-3420	561	12	heavy	heavy	ADJ
fsr-3420	561	13	portfolios	portfolio	NOUN
fsr-3420	561	14	,	,	PUNCT
fsr-3420	561	15	with	with	ADP
fsr-3420	561	16	about	about	ADV
fsr-3420	561	17	70	70	NUM
fsr-3420	561	18	%	%	NOUN
fsr-3420	561	19	of	of	ADP
fsr-3420	561	20	total	total	ADJ
fsr-3420	561	21	funds	fund	NOUN
fsr-3420	561	22	allocated	allocate	VERB
fsr-3420	561	23	to	to	ADP
fsr-3420	561	24	equity	equity	NOUN
fsr-3420	561	25	.	.	PUNCT
fsr-3420	562	1	even	even	ADV
fsr-3420	562	2	with	with	ADP
fsr-3420	562	3	horizons	horizon	NOUN
fsr-3420	562	4	of	of	ADP
fsr-3420	562	5	just	just	ADV
fsr-3420	562	6	25	25	NUM
fsr-3420	562	7	years	year	NOUN
fsr-3420	562	8	—	—	PUNCT
fsr-3420	562	9	that	that	PRON
fsr-3420	562	10	would	would	AUX
fsr-3420	562	11	be	be	AUX
fsr-3420	562	12	well	well	ADV
fsr-3420	562	13	inside	inside	ADP
fsr-3420	562	14	the	the	DET
fsr-3420	562	15	retirement	retirement	NOUN
fsr-3420	562	16	stage	stage	NOUN
fsr-3420	562	17	according	accord	VERB
fsr-3420	562	18	to	to	ADP
fsr-3420	562	19	the	the	DET
fsr-3420	562	20	assumptions	assumption	NOUN
fsr-3420	562	21	of	of	ADP
fsr-3420	562	22	most	most	ADJ
fsr-3420	562	23	models	model	NOUN
fsr-3420	562	24	—	—	PUNCT
fsr-3420	562	25	the	the	DET
fsr-3420	562	26	maximization	maximization	NOUN
fsr-3420	562	27	of	of	ADP
fsr-3420	562	28	the	the	DET
fsr-3420	562	29	90%-safe	90%-safe	PROPN
fsr-3420	562	30	withdrawal	withdrawal	NOUN
fsr-3420	562	31	rate	rate	NOUN
fsr-3420	562	32	calls	call	VERB
fsr-3420	562	33	for	for	ADP
fsr-3420	562	34	stock	stock	NOUN
fsr-3420	562	35	allocations	allocation	NOUN
fsr-3420	562	36	of	of	ADP
fsr-3420	562	37	at	at	ADV
fsr-3420	562	38	least	least	ADV
fsr-3420	562	39	60	60	NUM
fsr-3420	562	40	%	%	NOUN
fsr-3420	562	41	.	.	PUNCT
fsr-3420	563	1	for	for	ADP
fsr-3420	563	2	retirement	retirement	NOUN
fsr-3420	563	3	plans	plan	NOUN
fsr-3420	563	4	that	that	PRON
fsr-3420	563	5	intend	intend	VERB
fsr-3420	563	6	to	to	PART
fsr-3420	563	7	exhaust	exhaust	VERB
fsr-3420	563	8	the	the	DET
fsr-3420	563	9	available	available	ADJ
fsr-3420	563	10	funds	fund	NOUN
fsr-3420	563	11	after	after	ADP
fsr-3420	563	12	30	30	NUM
fsr-3420	563	13	years	year	NOUN
fsr-3420	563	14	—	—	PUNCT
fsr-3420	563	15	the	the	DET
fsr-3420	563	16	most	most	ADV
fsr-3420	563	17	frequent	frequent	ADJ
fsr-3420	563	18	setup	setup	NOUN
fsr-3420	563	19	in	in	ADP
fsr-3420	563	20	optimal	optimal	ADJ
fsr-3420	563	21	withdrawal	withdrawal	NOUN
fsr-3420	563	22	studies	study	NOUN
fsr-3420	563	23	—	—	PUNCT
fsr-3420	563	24	portfolios	portfolio	NOUN
fsr-3420	563	25	containing	contain	VERB
fsr-3420	563	26	70	70	NUM
fsr-3420	563	27	%	%	NOUN
fsr-3420	563	28	stocks	stock	NOUN
fsr-3420	563	29	and	and	CCONJ
fsr-3420	563	30	30	30	NUM
fsr-3420	563	31	%	%	NOUN
fsr-3420	563	32	bonds	bond	NOUN
fsr-3420	563	33	produced	produce	VERB
fsr-3420	563	34	a	a	DET
fsr-3420	563	35	pwr	pwr	NOUN
fsr-3420	563	36	higher	high	ADJ
fsr-3420	563	37	than	than	ADP
fsr-3420	563	38	4.5	4.5	NUM
fsr-3420	563	39	%	%	NOUN
fsr-3420	563	40	in	in	ADP
fsr-3420	563	41	90	90	NUM
fsr-3420	563	42	%	%	NOUN
fsr-3420	563	43	of	of	ADP
fsr-3420	563	44	the	the	DET
fsr-3420	563	45	historical	historical	ADJ
fsr-3420	563	46	periods	period	NOUN
fsr-3420	563	47	covered	cover	VERB
fsr-3420	563	48	here	here	ADV
fsr-3420	563	49	,	,	PUNCT
fsr-3420	563	50	and	and	CCONJ
fsr-3420	563	51	in	in	ADP
fsr-3420	563	52	none	none	NOUN
fsr-3420	563	53	of	of	ADP
fsr-3420	563	54	the	the	DET
fsr-3420	563	55	708	708	NUM
fsr-3420	563	56	periods	period	NOUN
fsr-3420	563	57	examined	examine	VERB
fsr-3420	563	58	did	do	AUX
fsr-3420	563	59	it	it	PRON
fsr-3420	563	60	drop	drop	VERB
fsr-3420	563	61	below	below	ADP
fsr-3420	563	62	3.9	3.9	NUM
fsr-3420	563	63	%	%	NOUN
fsr-3420	563	64	.	.	PUNCT
fsr-3420	564	1	in	in	ADP
fsr-3420	564	2	our	our	PRON
fsr-3420	564	3	opinion	opinion	NOUN
fsr-3420	564	4	,	,	PUNCT
fsr-3420	564	5	this	this	PRON
fsr-3420	564	6	calls	call	VERB
fsr-3420	564	7	for	for	ADP
fsr-3420	564	8	a	a	DET
fsr-3420	564	9	reexamination	reexamination	NOUN
fsr-3420	564	10	of	of	ADP
fsr-3420	564	11	the	the	DET
fsr-3420	564	12	4	4	NUM
fsr-3420	564	13	%	%	NOUN
fsr-3420	564	14	rule	rule	NOUN
fsr-3420	564	15	because	because	SCONJ
fsr-3420	564	16	“	"	PUNCT
fsr-3420	564	17	safe	safe	ADJ
fsr-3420	564	18	”	"	PUNCT
fsr-3420	564	19	withdrawal	withdrawal	NOUN
fsr-3420	564	20	amounts	amount	NOUN
fsr-3420	564	21	can	can	AUX
fsr-3420	564	22	be	be	AUX
fsr-3420	564	23	increased	increase	VERB
fsr-3420	564	24	by	by	ADP
fsr-3420	564	25	more	more	ADJ
fsr-3420	564	26	than	than	ADP
fsr-3420	564	27	10	10	NUM
fsr-3420	564	28	%	%	NOUN
fsr-3420	564	29	through	through	ADP
fsr-3420	564	30	a	a	DET
fsr-3420	564	31	judicious	judicious	ADJ
fsr-3420	564	32	selection	selection	NOUN
fsr-3420	564	33	of	of	ADP
fsr-3420	564	34	asset	asset	NOUN
fsr-3420	564	35	allocation	allocation	NOUN
fsr-3420	564	36	.	.	PUNCT
fsr-3420	565	1	the	the	DET
fsr-3420	565	2	4	4	NUM
fsr-3420	565	3	%	%	NOUN
fsr-3420	565	4	rule	rule	NOUN
fsr-3420	565	5	would	would	AUX
fsr-3420	565	6	seem	seem	VERB
fsr-3420	565	7	to	to	PART
fsr-3420	565	8	be	be	AUX
fsr-3420	565	9	more	more	ADV
fsr-3420	565	10	appropriate	appropriate	ADJ
fsr-3420	565	11	for	for	ADP
fsr-3420	565	12	managing	manage	VERB
fsr-3420	565	13	endowment	endowment	ADJ
fsr-3420	565	14	funds	fund	NOUN
fsr-3420	565	15	,	,	PUNCT
fsr-3420	565	16	instead	instead	ADV
fsr-3420	565	17	.	.	PUNCT
fsr-3420	566	1	we	we	PRON
fsr-3420	566	2	argue	argue	VERB
fsr-3420	566	3	,	,	PUNCT
fsr-3420	566	4	however	however	ADV
fsr-3420	566	5	,	,	PUNCT
fsr-3420	566	6	that	that	SCONJ
fsr-3420	566	7	safe	safe	ADJ
fsr-3420	566	8	withdrawal	withdrawal	NOUN
fsr-3420	566	9	strategies	strategy	NOUN
fsr-3420	566	10	should	should	AUX
fsr-3420	566	11	include	include	VERB
fsr-3420	566	12	a	a	DET
fsr-3420	566	13	bequest	bequ	ADJ
fsr-3420	566	14	goal	goal	NOUN
fsr-3420	566	15	—	—	PUNCT
fsr-3420	566	16	even	even	ADV
fsr-3420	566	17	if	if	SCONJ
fsr-3420	566	18	the	the	DET
fsr-3420	566	19	retiree	retiree	NOUN
fsr-3420	566	20	has	have	VERB
fsr-3420	566	21	no	no	DET
fsr-3420	566	22	such	such	ADJ
fsr-3420	566	23	intentions	intention	NOUN
fsr-3420	566	24	—	—	PUNCT
fsr-3420	566	25	for	for	ADP
fsr-3420	566	26	at	at	ADV
fsr-3420	566	27	least	least	ADV
fsr-3420	566	28	three	three	NUM
fsr-3420	566	29	reasons	reason	NOUN
fsr-3420	566	30	.	.	PUNCT
fsr-3420	567	1	the	the	DET
fsr-3420	567	2	first	first	ADJ
fsr-3420	567	3	is	be	AUX
fsr-3420	567	4	that	that	SCONJ
fsr-3420	567	5	128	128	NUM
fsr-3420	567	6	e.d	e.d	PROPN
fsr-3420	567	7	.	.	PROPN
fsr-3420	567	8	suarez	suarez	PROPN
fsr-3420	567	9	/	/	SYM
fsr-3420	567	10	financial	financial	ADJ
fsr-3420	567	11	services	service	NOUN
fsr-3420	567	12	review	review	VERB
fsr-3420	567	13	28	28	NUM
fsr-3420	567	14	(	(	PUNCT
fsr-3420	567	15	2020	2020	NUM
fsr-3420	567	16	)	)	PUNCT
fsr-3420	568	1	96–132	96–132	NUM
fsr-3420	568	2	retirement	retirement	NOUN
fsr-3420	568	3	plans	plan	NOUN
fsr-3420	568	4	should	should	AUX
fsr-3420	568	5	strive	strive	VERB
fsr-3420	568	6	to	to	PART
fsr-3420	568	7	avoid	avoid	VERB
fsr-3420	568	8	undesirable	undesirable	ADJ
fsr-3420	568	9	outcomes	outcome	NOUN
fsr-3420	568	10	,	,	PUNCT
fsr-3420	568	11	but	but	CCONJ
fsr-3420	568	12	running	run	VERB
fsr-3420	568	13	entirely	entirely	ADV
fsr-3420	568	14	out	out	ADP
fsr-3420	568	15	of	of	ADP
fsr-3420	568	16	funds	fund	NOUN
fsr-3420	568	17	is	be	AUX
fsr-3420	568	18	too	too	ADV
fsr-3420	568	19	drastic	drastic	ADJ
fsr-3420	568	20	as	as	ADP
fsr-3420	568	21	worst	bad	ADJ
fsr-3420	568	22	-	-	PUNCT
fsr-3420	568	23	case	case	NOUN
fsr-3420	568	24	scenario	scenario	NOUN
fsr-3420	568	25	.	.	PUNCT
fsr-3420	569	1	the	the	DET
fsr-3420	569	2	second	second	ADJ
fsr-3420	569	3	reason	reason	NOUN
fsr-3420	569	4	is	be	AUX
fsr-3420	569	5	that	that	SCONJ
fsr-3420	569	6	the	the	DET
fsr-3420	569	7	retiree	retiree	NOUN
fsr-3420	569	8	needs	need	VERB
fsr-3420	569	9	to	to	PART
fsr-3420	569	10	have	have	VERB
fsr-3420	569	11	a	a	DET
fsr-3420	569	12	recourse	recourse	NOUN
fsr-3420	569	13	in	in	ADP
fsr-3420	569	14	case	case	NOUN
fsr-3420	569	15	that	that	PRON
fsr-3420	569	16	unexpected	unexpecte	VERB
fsr-3420	569	17	large	large	ADJ
fsr-3420	569	18	outlays	outlay	NOUN
fsr-3420	569	19	arise	arise	VERB
fsr-3420	569	20	for	for	ADP
fsr-3420	569	21	any	any	DET
fsr-3420	569	22	reason	reason	NOUN
fsr-3420	569	23	.	.	PUNCT
fsr-3420	570	1	and	and	CCONJ
fsr-3420	570	2	the	the	DET
fsr-3420	570	3	third	third	NOUN
fsr-3420	570	4	is	be	AUX
fsr-3420	570	5	that	that	SCONJ
fsr-3420	570	6	the	the	DET
fsr-3420	570	7	presence	presence	NOUN
fsr-3420	570	8	of	of	ADP
fsr-3420	570	9	a	a	DET
fsr-3420	570	10	bequest	bequ	ADJ
fsr-3420	570	11	goal	goal	NOUN
fsr-3420	570	12	in	in	ADP
fsr-3420	570	13	the	the	DET
fsr-3420	570	14	plan	plan	NOUN
fsr-3420	570	15	creates	create	VERB
fsr-3420	570	16	an	an	DET
fsr-3420	570	17	additional	additional	ADJ
fsr-3420	570	18	adjustment	adjustment	NOUN
fsr-3420	570	19	lever	lever	NOUN
fsr-3420	570	20	for	for	ADP
fsr-3420	570	21	midcourse	midcourse	NOUN
fsr-3420	570	22	corrections	correction	NOUN
fsr-3420	570	23	,	,	PUNCT
fsr-3420	570	24	should	should	AUX
fsr-3420	570	25	these	these	PRON
fsr-3420	570	26	become	become	VERB
fsr-3420	570	27	necessary	necessary	ADJ
fsr-3420	570	28	in	in	ADP
fsr-3420	570	29	case	case	NOUN
fsr-3420	570	30	of	of	ADP
fsr-3420	570	31	poor	poor	ADJ
fsr-3420	570	32	portfolio	portfolio	NOUN
fsr-3420	570	33	performance	performance	NOUN
fsr-3420	570	34	.	.	PUNCT
fsr-3420	571	1	under	under	ADP
fsr-3420	571	2	this	this	DET
fsr-3420	571	3	interpretation	interpretation	NOUN
fsr-3420	571	4	,	,	PUNCT
fsr-3420	571	5	safety	safety	NOUN
fsr-3420	571	6	would	would	AUX
fsr-3420	571	7	be	be	AUX
fsr-3420	571	8	provided	provide	VERB
fsr-3420	571	9	by	by	ADP
fsr-3420	571	10	the	the	DET
fsr-3420	571	11	bequest	bequ	ADJ
fsr-3420	571	12	goal	goal	NOUN
fsr-3420	571	13	embedded	embed	VERB
fsr-3420	571	14	in	in	ADP
fsr-3420	571	15	the	the	DET
fsr-3420	571	16	plan	plan	NOUN
fsr-3420	571	17	,	,	PUNCT
fsr-3420	571	18	not	not	PART
fsr-3420	571	19	by	by	ADP
fsr-3420	571	20	the	the	DET
fsr-3420	571	21	location	location	NOUN
fsr-3420	571	22	of	of	ADP
fsr-3420	571	23	the	the	DET
fsr-3420	571	24	withdrawal	withdrawal	NOUN
fsr-3420	571	25	amount	amount	NOUN
fsr-3420	571	26	in	in	ADP
fsr-3420	571	27	a	a	DET
fsr-3420	571	28	histogram	histogram	NOUN
fsr-3420	571	29	.	.	PUNCT
fsr-3420	572	1	for	for	ADP
fsr-3420	572	2	an	an	DET
fsr-3420	572	3	all	all	DET
fsr-3420	572	4	-	-	PUNCT
fsr-3420	572	5	stocks	stock	NOUN
fsr-3420	572	6	portfolio	portfolio	NOUN
fsr-3420	572	7	with	with	ADP
fsr-3420	572	8	a	a	DET
fsr-3420	572	9	100	100	NUM
fsr-3420	572	10	%	%	NOUN
fsr-3420	572	11	bequest	bequ	ADJ
fsr-3420	572	12	goal	goal	NOUN
fsr-3420	572	13	and	and	CCONJ
fsr-3420	572	14	a	a	DET
fsr-3420	572	15	30	30	NUM
fsr-3420	572	16	-	-	PUNCT
fsr-3420	572	17	year	year	NOUN
fsr-3420	572	18	planning	planning	NOUN
fsr-3420	572	19	horizon	horizon	NOUN
fsr-3420	572	20	,	,	PUNCT
fsr-3420	572	21	the	the	DET
fsr-3420	572	22	pwr	pwr	NOUN
fsr-3420	572	23	historical	historical	ADJ
fsr-3420	572	24	series	series	NOUN
fsr-3420	572	25	produced	produce	VERB
fsr-3420	572	26	a	a	DET
fsr-3420	572	27	median	median	NOUN
fsr-3420	572	28	of	of	ADP
fsr-3420	572	29	6.4	6.4	NUM
fsr-3420	572	30	%	%	NOUN
fsr-3420	572	31	.	.	PUNCT
fsr-3420	573	1	this	this	PRON
fsr-3420	573	2	could	could	AUX
fsr-3420	573	3	then	then	ADV
fsr-3420	573	4	be	be	AUX
fsr-3420	573	5	used	use	VERB
fsr-3420	573	6	as	as	ADP
fsr-3420	573	7	a	a	DET
fsr-3420	573	8	safe	safe	ADJ
fsr-3420	573	9	withdrawal	withdrawal	NOUN
fsr-3420	573	10	guideline	guideline	NOUN
fsr-3420	573	11	,	,	PUNCT
fsr-3420	573	12	with	with	ADP
fsr-3420	573	13	the	the	DET
fsr-3420	573	14	bequest	bequ	ADJ
fsr-3420	573	15	goal	goal	NOUN
fsr-3420	573	16	as	as	ADP
fsr-3420	573	17	an	an	DET
fsr-3420	573	18	adjustment	adjustment	NOUN
fsr-3420	573	19	lever	lever	NOUN
fsr-3420	573	20	that	that	PRON
fsr-3420	573	21	will	will	AUX
fsr-3420	573	22	have	have	VERB
fsr-3420	573	23	to	to	PART
fsr-3420	573	24	be	be	AUX
fsr-3420	573	25	lowered	lower	VERB
fsr-3420	573	26	in	in	ADP
fsr-3420	573	27	about	about	ADV
fsr-3420	573	28	50	50	NUM
fsr-3420	573	29	%	%	NOUN
fsr-3420	573	30	of	of	ADP
fsr-3420	573	31	all	all	DET
fsr-3420	573	32	cases	case	NOUN
fsr-3420	573	33	.	.	PUNCT
fsr-3420	574	1	if	if	SCONJ
fsr-3420	574	2	an	an	DET
fsr-3420	574	3	adjustment	adjustment	NOUN
fsr-3420	574	4	via	via	ADP
fsr-3420	574	5	the	the	DET
fsr-3420	574	6	bequest	bequest	NOUN
fsr-3420	574	7	goal	goal	NOUN
fsr-3420	574	8	becomes	become	VERB
fsr-3420	574	9	insufficient	insufficient	ADJ
fsr-3420	574	10	and	and	CCONJ
fsr-3420	574	11	the	the	DET
fsr-3420	574	12	withdrawal	withdrawal	NOUN
fsr-3420	574	13	amount	amount	NOUN
fsr-3420	574	14	has	have	VERB
fsr-3420	574	15	to	to	PART
fsr-3420	574	16	be	be	AUX
fsr-3420	574	17	reduced	reduce	VERB
fsr-3420	574	18	,	,	PUNCT
fsr-3420	574	19	our	our	PRON
fsr-3420	574	20	results	result	NOUN
fsr-3420	574	21	suggest	suggest	VERB
fsr-3420	574	22	that	that	SCONJ
fsr-3420	574	23	the	the	DET
fsr-3420	574	24	impact	impact	NOUN
fsr-3420	574	25	on	on	ADP
fsr-3420	574	26	the	the	DET
fsr-3420	574	27	pwa	pwa	PROPN
fsr-3420	574	28	for	for	ADP
fsr-3420	574	29	the	the	DET
fsr-3420	574	30	remaining	remain	VERB
fsr-3420	574	31	horizon	horizon	NOUN
fsr-3420	574	32	length	length	NOUN
fsr-3420	574	33	will	will	AUX
fsr-3420	574	34	not	not	PART
fsr-3420	574	35	be	be	AUX
fsr-3420	574	36	very	very	ADV
fsr-3420	574	37	large	large	ADJ
fsr-3420	574	38	,	,	PUNCT
fsr-3420	574	39	if	if	SCONJ
fsr-3420	574	40	the	the	DET
fsr-3420	574	41	correction	correction	NOUN
fsr-3420	574	42	is	be	AUX
fsr-3420	574	43	applied	apply	VERB
fsr-3420	574	44	in	in	ADP
fsr-3420	574	45	the	the	DET
fsr-3420	574	46	first	first	ADJ
fsr-3420	574	47	five	five	NUM
fsr-3420	574	48	to	to	PART
fsr-3420	574	49	10	10	NUM
fsr-3420	574	50	years	year	NOUN
fsr-3420	574	51	.	.	PUNCT
fsr-3420	575	1	indeed	indeed	ADV
fsr-3420	575	2	,	,	PUNCT
fsr-3420	575	3	the	the	DET
fsr-3420	575	4	sensitivity	sensitivity	NOUN
fsr-3420	575	5	of	of	ADP
fsr-3420	575	6	pwa	pwa	PROPN
fsr-3420	575	7	distributions	distribution	NOUN
fsr-3420	575	8	to	to	ADP
fsr-3420	575	9	changes	change	NOUN
fsr-3420	575	10	in	in	ADP
fsr-3420	575	11	parameter	parameter	NOUN
fsr-3420	575	12	values	value	NOUN
fsr-3420	575	13	—	—	PUNCT
fsr-3420	575	14	be	be	AUX
fsr-3420	575	15	it	it	PRON
fsr-3420	575	16	the	the	DET
fsr-3420	575	17	horizon	horizon	NOUN
fsr-3420	575	18	length	length	NOUN
fsr-3420	575	19	or	or	CCONJ
fsr-3420	575	20	the	the	DET
fsr-3420	575	21	bequest	bequ	ADJ
fsr-3420	575	22	goal	goal	NOUN
fsr-3420	575	23	level	level	NOUN
fsr-3420	575	24	—	—	PUNCT
fsr-3420	575	25	is	be	AUX
fsr-3420	575	26	surprisingly	surprisingly	ADV
fsr-3420	575	27	small	small	ADJ
fsr-3420	575	28	.	.	PUNCT
fsr-3420	576	1	upon	upon	SCONJ
fsr-3420	576	2	changing	change	VERB
fsr-3420	576	3	the	the	DET
fsr-3420	576	4	planning	planning	NOUN
fsr-3420	576	5	horizon	horizon	NOUN
fsr-3420	576	6	from	from	ADP
fsr-3420	576	7	30	30	NUM
fsr-3420	576	8	to	to	PART
fsr-3420	576	9	35	35	NUM
fsr-3420	576	10	years	year	NOUN
fsr-3420	576	11	,	,	PUNCT
fsr-3420	576	12	the	the	DET
fsr-3420	576	13	median	median	ADJ
fsr-3420	576	14	decrease	decrease	NOUN
fsr-3420	576	15	in	in	ADP
fsr-3420	576	16	the	the	DET
fsr-3420	576	17	zero	zero	NUM
fsr-3420	576	18	-	-	PUNCT
fsr-3420	576	19	bequest	bequest	NOUN
fsr-3420	576	20	pwr	pwr	NOUN
fsr-3420	576	21	for	for	ADP
fsr-3420	576	22	all	all	PRON
fsr-3420	576	23	-	-	PUNCT
fsr-3420	576	24	stocks	stock	NOUN
fsr-3420	576	25	portfolios	portfolio	NOUN
fsr-3420	576	26	was	be	AUX
fsr-3420	576	27	just	just	ADV
fsr-3420	576	28	0.3	0.3	NUM
fsr-3420	576	29	percentage	percentage	NOUN
fsr-3420	576	30	points	point	NOUN
fsr-3420	576	31	.	.	PUNCT
fsr-3420	577	1	if	if	SCONJ
fsr-3420	577	2	the	the	DET
fsr-3420	577	3	horizon	horizon	NOUN
fsr-3420	577	4	is	be	AUX
fsr-3420	577	5	extended	extend	VERB
fsr-3420	577	6	to	to	ADP
fsr-3420	577	7	40	40	NUM
fsr-3420	577	8	years	year	NOUN
fsr-3420	577	9	,	,	PUNCT
fsr-3420	577	10	the	the	DET
fsr-3420	577	11	median	median	ADJ
fsr-3420	577	12	pwr	pwr	NOUN
fsr-3420	577	13	decrease	decrease	NOUN
fsr-3420	577	14	was	be	AUX
fsr-3420	577	15	only	only	ADV
fsr-3420	577	16	slightly	slightly	ADV
fsr-3420	577	17	higher	high	ADJ
fsr-3420	577	18	at	at	ADP
fsr-3420	577	19	0.4	0.4	NUM
fsr-3420	577	20	points	point	NOUN
fsr-3420	577	21	.	.	PUNCT
fsr-3420	578	1	this	this	PRON
fsr-3420	578	2	would	would	AUX
fsr-3420	578	3	indicate	indicate	VERB
fsr-3420	578	4	that	that	SCONJ
fsr-3420	578	5	the	the	DET
fsr-3420	578	6	adjustments	adjustment	NOUN
fsr-3420	578	7	demanded	demand	VERB
fsr-3420	578	8	by	by	ADP
fsr-3420	578	9	longer	long	ADJ
fsr-3420	578	10	lifespans	lifespan	NOUN
fsr-3420	578	11	are	be	AUX
fsr-3420	578	12	not	not	PART
fsr-3420	578	13	very	very	ADV
fsr-3420	578	14	large	large	ADJ
fsr-3420	578	15	,	,	PUNCT
fsr-3420	578	16	if	if	SCONJ
fsr-3420	578	17	detected	detect	VERB
fsr-3420	578	18	and	and	CCONJ
fsr-3420	578	19	implemented	implement	VERB
fsr-3420	578	20	in	in	ADP
fsr-3420	578	21	the	the	DET
fsr-3420	578	22	early	early	ADJ
fsr-3420	578	23	stages	stage	NOUN
fsr-3420	578	24	of	of	ADP
fsr-3420	578	25	retirement	retirement	NOUN
fsr-3420	578	26	.	.	PUNCT
fsr-3420	579	1	in	in	ADP
fsr-3420	579	2	turn	turn	NOUN
fsr-3420	579	3	,	,	PUNCT
fsr-3420	579	4	if	if	SCONJ
fsr-3420	579	5	the	the	DET
fsr-3420	579	6	horizon	horizon	NOUN
fsr-3420	579	7	length	length	NOUN
fsr-3420	579	8	is	be	AUX
fsr-3420	579	9	kept	keep	VERB
fsr-3420	579	10	at	at	ADP
fsr-3420	579	11	30	30	NUM
fsr-3420	579	12	years	year	NOUN
fsr-3420	579	13	but	but	CCONJ
fsr-3420	579	14	the	the	DET
fsr-3420	579	15	bequest	bequest	NOUN
fsr-3420	579	16	goal	goal	NOUN
fsr-3420	579	17	is	be	AUX
fsr-3420	579	18	increased	increase	VERB
fsr-3420	579	19	to	to	ADP
fsr-3420	579	20	50%—one	50%—one	NUM
fsr-3420	579	21	-	-	PUNCT
fsr-3420	579	22	half	half	NOUN
fsr-3420	579	23	of	of	ADP
fsr-3420	579	24	the	the	DET
fsr-3420	579	25	starting	start	VERB
fsr-3420	579	26	balance	balance	NOUN
fsr-3420	579	27	’s	’s	PART
fsr-3420	579	28	purchasing	purchase	VERB
fsr-3420	579	29	power	power	NOUN
fsr-3420	579	30	remaining	remain	VERB
fsr-3420	579	31	in	in	ADP
fsr-3420	579	32	the	the	DET
fsr-3420	579	33	account	account	NOUN
fsr-3420	579	34	at	at	ADP
fsr-3420	579	35	the	the	DET
fsr-3420	579	36	end	end	NOUN
fsr-3420	579	37	—	—	PUNCT
fsr-3420	579	38	the	the	DET
fsr-3420	579	39	median	median	ADJ
fsr-3420	579	40	pwr	pwr	NOUN
fsr-3420	579	41	decrease	decrease	NOUN
fsr-3420	579	42	for	for	ADP
fsr-3420	579	43	all	all	DET
fsr-3420	579	44	-	-	PUNCT
fsr-3420	579	45	stocks	stock	NOUN
fsr-3420	579	46	portfolios	portfolio	NOUN
fsr-3420	579	47	was	be	AUX
fsr-3420	579	48	0.4	0.4	NUM
fsr-3420	579	49	points	point	NOUN
fsr-3420	579	50	.	.	PUNCT
fsr-3420	580	1	compared	compare	VERB
fsr-3420	580	2	with	with	ADP
fsr-3420	580	3	the	the	DET
fsr-3420	580	4	zero	zero	NUM
fsr-3420	580	5	-	-	PUNCT
fsr-3420	580	6	bequest	bequest	NOUN
fsr-3420	580	7	case	case	NOUN
fsr-3420	580	8	,	,	PUNCT
fsr-3420	580	9	a	a	DET
fsr-3420	580	10	reduction	reduction	NOUN
fsr-3420	580	11	of	of	ADP
fsr-3420	580	12	just	just	ADV
fsr-3420	580	13	6.2	6.2	NUM
fsr-3420	580	14	%	%	NOUN
fsr-3420	580	15	in	in	ADP
fsr-3420	580	16	the	the	DET
fsr-3420	580	17	amount	amount	NOUN
fsr-3420	580	18	withdrawn	withdraw	VERB
fsr-3420	580	19	would	would	AUX
fsr-3420	580	20	be	be	AUX
fsr-3420	580	21	sufficient	sufficient	ADJ
fsr-3420	580	22	to	to	PART
fsr-3420	580	23	achieve	achieve	VERB
fsr-3420	580	24	(	(	PUNCT
fsr-3420	580	25	or	or	CCONJ
fsr-3420	580	26	surpass	surpass	ADJ
fsr-3420	580	27	)	)	PUNCT
fsr-3420	580	28	the	the	DET
fsr-3420	580	29	50	50	NUM
fsr-3420	580	30	%	%	NOUN
fsr-3420	580	31	bequest	bequ	ADJ
fsr-3420	580	32	goal	goal	NOUN
fsr-3420	580	33	in	in	ADP
fsr-3420	580	34	one	one	NUM
fsr-3420	580	35	-	-	PUNCT
fsr-3420	580	36	half	half	NOUN
fsr-3420	580	37	of	of	ADP
fsr-3420	580	38	the	the	DET
fsr-3420	580	39	historical	historical	ADJ
fsr-3420	580	40	periods	period	NOUN
fsr-3420	580	41	examined	examine	VERB
fsr-3420	580	42	.	.	PUNCT
fsr-3420	581	1	researchers	researcher	NOUN
fsr-3420	581	2	are	be	AUX
fsr-3420	581	3	already	already	ADV
fsr-3420	581	4	applying	apply	VERB
fsr-3420	581	5	the	the	DET
fsr-3420	581	6	pwa	pwa	PROPN
fsr-3420	581	7	methodology	methodology	NOUN
fsr-3420	581	8	with	with	ADP
fsr-3420	581	9	some	some	DET
fsr-3420	581	10	profit	profit	NOUN
fsr-3420	581	11	,	,	PUNCT
fsr-3420	581	12	with	with	ADP
fsr-3420	581	13	clare	clare	PROPN
fsr-3420	581	14	et	et	PROPN
fsr-3420	581	15	al	al	PROPN
fsr-3420	581	16	.	.	PROPN
fsr-3420	582	1	(	(	PUNCT
fsr-3420	582	2	2016a	2016a	NUM
fsr-3420	582	3	)	)	PUNCT
fsr-3420	583	1	using	use	VERB
fsr-3420	583	2	it	it	PRON
fsr-3420	583	3	to	to	PART
fsr-3420	583	4	implement	implement	VERB
fsr-3420	583	5	a	a	DET
fsr-3420	583	6	trend	trend	NOUN
fsr-3420	583	7	-	-	PUNCT
fsr-3420	583	8	following	follow	VERB
fsr-3420	583	9	overlay	overlay	NOUN
fsr-3420	583	10	that	that	PRON
fsr-3420	583	11	improves	improve	VERB
fsr-3420	583	12	the	the	DET
fsr-3420	583	13	90%-safe	90%-safe	NUM
fsr-3420	583	14	rate	rate	NOUN
fsr-3420	583	15	by	by	ADP
fsr-3420	583	16	2.2	2.2	NUM
fsr-3420	583	17	percentage	percentage	NOUN
fsr-3420	583	18	points	point	NOUN
fsr-3420	583	19	in	in	ADP
fsr-3420	583	20	20	20	NUM
fsr-3420	583	21	-	-	PUNCT
fsr-3420	583	22	year	year	NOUN
fsr-3420	583	23	horizons	horizon	NOUN
fsr-3420	583	24	.	.	PUNCT
fsr-3420	584	1	in	in	ADP
fsr-3420	584	2	another	another	DET
fsr-3420	584	3	paper	paper	NOUN
fsr-3420	584	4	,	,	PUNCT
fsr-3420	584	5	these	these	DET
fsr-3420	584	6	authors	author	NOUN
fsr-3420	584	7	employ	employ	VERB
fsr-3420	584	8	the	the	DET
fsr-3420	584	9	pwa	pwa	PROPN
fsr-3420	584	10	concept	concept	NOUN
fsr-3420	584	11	to	to	PART
fsr-3420	584	12	discuss	discuss	VERB
fsr-3420	584	13	ways	way	NOUN
fsr-3420	584	14	to	to	PART
fsr-3420	584	15	address	address	VERB
fsr-3420	584	16	the	the	DET
fsr-3420	584	17	problem	problem	NOUN
fsr-3420	584	18	of	of	ADP
fsr-3420	584	19	sequence	sequence	NOUN
fsr-3420	584	20	of	of	ADP
fsr-3420	584	21	returns	return	NOUN
fsr-3420	584	22	in	in	ADP
fsr-3420	584	23	decumulation	decumulation	NOUN
fsr-3420	584	24	portfolios	portfolio	NOUN
fsr-3420	584	25	(	(	PUNCT
fsr-3420	584	26	clare	clare	NOUN
fsr-3420	584	27	et	et	PROPN
fsr-3420	584	28	al	al	PROPN
fsr-3420	584	29	.	.	PROPN
fsr-3420	584	30	,	,	PUNCT
fsr-3420	584	31	2016b	2016b	NUM
fsr-3420	584	32	)	)	PUNCT
fsr-3420	584	33	.	.	PUNCT
fsr-3420	585	1	in	in	ADP
fsr-3420	585	2	turn	turn	NOUN
fsr-3420	585	3	,	,	PUNCT
fsr-3420	585	4	estrada	estrada	PROPN
fsr-3420	585	5	(	(	PUNCT
fsr-3420	585	6	2018	2018	NUM
fsr-3420	585	7	)	)	PUNCT
fsr-3420	585	8	takes	take	VERB
fsr-3420	585	9	the	the	DET
fsr-3420	585	10	methodology	methodology	NOUN
fsr-3420	585	11	to	to	ADP
fsr-3420	585	12	an	an	DET
fsr-3420	585	13	international	international	ADJ
fsr-3420	585	14	context	context	NOUN
fsr-3420	585	15	and	and	CCONJ
fsr-3420	585	16	computes	compute	NOUN
fsr-3420	585	17	pwas	pwa	VERB
fsr-3420	585	18	for	for	ADP
fsr-3420	585	19	21	21	NUM
fsr-3420	585	20	different	different	ADJ
fsr-3420	585	21	countries	country	NOUN
fsr-3420	585	22	.	.	PUNCT
fsr-3420	586	1	the	the	DET
fsr-3420	586	2	pwa	pwa	PROPN
fsr-3420	586	3	framework	framework	NOUN
fsr-3420	586	4	was	be	AUX
fsr-3420	586	5	conceived	conceive	VERB
fsr-3420	586	6	as	as	ADP
fsr-3420	586	7	a	a	DET
fsr-3420	586	8	toolkit	toolkit	NOUN
fsr-3420	586	9	for	for	ADP
fsr-3420	586	10	constructing	construct	VERB
fsr-3420	586	11	withdrawal	withdrawal	NOUN
fsr-3420	586	12	strategies	strategy	NOUN
fsr-3420	586	13	.	.	PUNCT
fsr-3420	587	1	the	the	DET
fsr-3420	587	2	results	result	NOUN
fsr-3420	587	3	presented	present	VERB
fsr-3420	587	4	here	here	ADV
fsr-3420	587	5	should	should	AUX
fsr-3420	587	6	be	be	AUX
fsr-3420	587	7	considered	consider	VERB
fsr-3420	587	8	guidelines	guideline	NOUN
fsr-3420	587	9	,	,	PUNCT
fsr-3420	587	10	provided	provide	VERB
fsr-3420	587	11	by	by	ADP
fsr-3420	587	12	financial	financial	ADJ
fsr-3420	587	13	history	history	NOUN
fsr-3420	587	14	,	,	PUNCT
fsr-3420	587	15	to	to	PART
fsr-3420	587	16	assist	assist	VERB
fsr-3420	587	17	in	in	ADP
fsr-3420	587	18	the	the	DET
fsr-3420	587	19	design	design	NOUN
fsr-3420	587	20	and	and	CCONJ
fsr-3420	587	21	calibration	calibration	NOUN
fsr-3420	587	22	of	of	ADP
fsr-3420	587	23	these	these	DET
fsr-3420	587	24	strategies	strategy	NOUN
fsr-3420	587	25	.	.	PUNCT
fsr-3420	588	1	notes	note	VERB
fsr-3420	588	2	1	1	NUM
fsr-3420	588	3	this	this	DET
fsr-3420	588	4	characteristic	characteristic	NOUN
fsr-3420	588	5	of	of	ADP
fsr-3420	588	6	non	non	ADJ
fsr-3420	588	7	-	-	NOUN
fsr-3420	588	8	commutativeness	commutativeness	NOUN
fsr-3420	588	9	(	(	PUNCT
fsr-3420	588	10	changing	change	VERB
fsr-3420	588	11	the	the	DET
fsr-3420	588	12	order	order	NOUN
fsr-3420	588	13	in	in	ADP
fsr-3420	588	14	the	the	DET
fsr-3420	588	15	sequence	sequence	NOUN
fsr-3420	588	16	does	do	AUX
fsr-3420	588	17	change	change	VERB
fsr-3420	588	18	the	the	DET
fsr-3420	588	19	result	result	NOUN
fsr-3420	588	20	)	)	PUNCT
fsr-3420	588	21	lies	lie	VERB
fsr-3420	588	22	at	at	ADP
fsr-3420	588	23	the	the	DET
fsr-3420	588	24	heart	heart	NOUN
fsr-3420	588	25	of	of	ADP
fsr-3420	588	26	the	the	DET
fsr-3420	588	27	sequencing	sequence	VERB
fsr-3420	588	28	factor	factor	NOUN
fsr-3420	588	29	formula	formula	NOUN
fsr-3420	588	30	.	.	PUNCT
fsr-3420	589	1	it	it	PRON
fsr-3420	589	2	is	be	AUX
fsr-3420	589	3	thus	thus	ADV
fsr-3420	589	4	e.d	e.d	PROPN
fsr-3420	589	5	.	.	PROPN
fsr-3420	589	6	suarez	suarez	PROPN
fsr-3420	589	7	/	/	SYM
fsr-3420	589	8	financial	financial	ADJ
fsr-3420	589	9	services	service	NOUN
fsr-3420	589	10	review	review	VERB
fsr-3420	589	11	28	28	NUM
fsr-3420	589	12	(	(	PUNCT
fsr-3420	589	13	2020	2020	NUM
fsr-3420	589	14	)	)	PUNCT
fsr-3420	590	1	96–132	96–132	NUM
fsr-3420	590	2	129	129	NUM
fsr-3420	590	3	fundamentally	fundamentally	ADV
fsr-3420	590	4	different	different	ADJ
fsr-3420	590	5	from	from	ADP
fsr-3420	590	6	the	the	DET
fsr-3420	590	7	“	"	PUNCT
fsr-3420	590	8	volatility	volatility	NOUN
fsr-3420	590	9	drag	drag	NOUN
fsr-3420	590	10	”	"	PUNCT
fsr-3420	590	11	formula	formula	NOUN
fsr-3420	590	12	(	(	PUNCT
fsr-3420	590	13	½	½	NOUN
fsr-3420	590	14	s2	s2	PROPN
fsr-3420	590	15	)	)	PUNCT
fsr-3420	590	16	,	,	PUNCT
fsr-3420	590	17	and	and	CCONJ
fsr-3420	590	18	we	we	PRON
fsr-3420	590	19	thank	thank	VERB
fsr-3420	590	20	an	an	DET
fsr-3420	590	21	anonymous	anonymous	ADJ
fsr-3420	590	22	reviewer	reviewer	NOUN
fsr-3420	590	23	for	for	ADP
fsr-3420	590	24	comments	comment	NOUN
fsr-3420	590	25	that	that	PRON
fsr-3420	590	26	prompted	prompt	VERB
fsr-3420	590	27	this	this	DET
fsr-3420	590	28	clarification	clarification	NOUN
fsr-3420	590	29	.	.	PUNCT
fsr-3420	591	1	2	2	NUM
fsr-3420	591	2	this	this	DET
fsr-3420	591	3	expression	expression	NOUN
fsr-3420	591	4	is	be	AUX
fsr-3420	591	5	valid	valid	ADJ
fsr-3420	591	6	only	only	ADV
fsr-3420	591	7	when	when	SCONJ
fsr-3420	591	8	it	it	PRON
fsr-3420	591	9	produces	produce	VERB
fsr-3420	591	10	non	non	ADJ
fsr-3420	591	11	-	-	ADJ
fsr-3420	591	12	negative	negative	ADJ
fsr-3420	591	13	values	value	NOUN
fsr-3420	591	14	.	.	PUNCT
fsr-3420	592	1	if	if	SCONJ
fsr-3420	592	2	it	it	PRON
fsr-3420	592	3	is	be	AUX
fsr-3420	592	4	negative	negative	ADJ
fsr-3420	592	5	it	it	PRON
fsr-3420	592	6	must	must	AUX
fsr-3420	592	7	have	have	AUX
fsr-3420	592	8	happened	happen	VERB
fsr-3420	592	9	that	that	SCONJ
fsr-3420	592	10	the	the	DET
fsr-3420	592	11	withdrawal	withdrawal	NOUN
fsr-3420	592	12	amount	amount	NOUN
fsr-3420	592	13	was	be	AUX
fsr-3420	592	14	larger	large	ADJ
fsr-3420	592	15	than	than	ADP
fsr-3420	592	16	the	the	DET
fsr-3420	592	17	available	available	ADJ
fsr-3420	592	18	balance	balance	NOUN
fsr-3420	592	19	at	at	ADP
fsr-3420	592	20	some	some	DET
fsr-3420	592	21	point	point	NOUN
fsr-3420	592	22	,	,	PUNCT
fsr-3420	592	23	which	which	PRON
fsr-3420	592	24	is	be	AUX
fsr-3420	592	25	either	either	PRON
fsr-3420	592	26	not	not	PART
fsr-3420	592	27	allowed	allow	VERB
fsr-3420	592	28	or	or	CCONJ
fsr-3420	592	29	implies	imply	VERB
fsr-3420	592	30	a	a	DET
fsr-3420	592	31	change	change	NOUN
fsr-3420	592	32	in	in	ADP
fsr-3420	592	33	the	the	DET
fsr-3420	592	34	rate	rate	NOUN
fsr-3420	592	35	of	of	ADP
fsr-3420	592	36	return	return	NOUN
fsr-3420	592	37	(	(	PUNCT
fsr-3420	592	38	to	to	ADP
fsr-3420	592	39	a	a	DET
fsr-3420	592	40	rate	rate	NOUN
fsr-3420	592	41	of	of	ADP
fsr-3420	592	42	interest	interest	NOUN
fsr-3420	592	43	)	)	PUNCT
fsr-3420	592	44	.	.	PUNCT
fsr-3420	593	1	3	3	NUM
fsr-3420	593	2	bridges	bridge	NOUN
fsr-3420	593	3	and	and	CCONJ
fsr-3420	593	4	choudhury	choudhury	PROPN
fsr-3420	593	5	(	(	PUNCT
fsr-3420	593	6	2007	2007	NUM
fsr-3420	593	7	)	)	PUNCT
fsr-3420	593	8	report	report	NOUN
fsr-3420	593	9	that	that	SCONJ
fsr-3420	593	10	89	89	NUM
fsr-3420	593	11	%	%	NOUN
fsr-3420	593	12	of	of	ADP
fsr-3420	593	13	the	the	DET
fsr-3420	593	14	population	population	NOUN
fsr-3420	593	15	aged	age	VERB
fsr-3420	593	16	65	65	NUM
fsr-3420	593	17	and	and	CCONJ
fsr-3420	593	18	older	old	ADJ
fsr-3420	593	19	receive	receive	VERB
fsr-3420	593	20	social	social	ADJ
fsr-3420	593	21	security	security	NOUN
fsr-3420	593	22	benefits	benefit	NOUN
fsr-3420	593	23	.	.	PUNCT
fsr-3420	594	1	in	in	ADP
fsr-3420	594	2	turn	turn	NOUN
fsr-3420	594	3	,	,	PUNCT
fsr-3420	594	4	coile	coile	NOUN
fsr-3420	594	5	and	and	CCONJ
fsr-3420	594	6	milligan	milligan	PROPN
fsr-3420	594	7	(	(	PUNCT
fsr-3420	594	8	2009	2009	NUM
fsr-3420	594	9	)	)	PUNCT
fsr-3420	594	10	present	present	ADJ
fsr-3420	594	11	data	datum	NOUN
fsr-3420	594	12	from	from	ADP
fsr-3420	594	13	the	the	DET
fsr-3420	594	14	health	health	NOUN
fsr-3420	594	15	and	and	CCONJ
fsr-3420	594	16	retirement	retirement	NOUN
fsr-3420	594	17	study	study	NOUN
fsr-3420	594	18	that	that	PRON
fsr-3420	594	19	show	show	VERB
fsr-3420	594	20	that	that	SCONJ
fsr-3420	594	21	for	for	ADP
fsr-3420	594	22	households	household	NOUN
fsr-3420	594	23	where	where	SCONJ
fsr-3420	594	24	the	the	DET
fsr-3420	594	25	older	old	ADJ
fsr-3420	594	26	member	member	NOUN
fsr-3420	594	27	of	of	ADP
fsr-3420	594	28	the	the	DET
fsr-3420	594	29	couple	couple	NOUN
fsr-3420	594	30	is	be	AUX
fsr-3420	594	31	in	in	ADP
fsr-3420	594	32	the	the	DET
fsr-3420	594	33	65	65	NUM
fsr-3420	594	34	-	-	SYM
fsr-3420	594	35	69	69	NUM
fsr-3420	594	36	age	age	NOUN
fsr-3420	594	37	bracket	bracket	NOUN
fsr-3420	594	38	,	,	PUNCT
fsr-3420	594	39	39.1	39.1	NUM
fsr-3420	594	40	%	%	NOUN
fsr-3420	594	41	of	of	ADP
fsr-3420	594	42	their	their	PRON
fsr-3420	594	43	financial	financial	ADJ
fsr-3420	594	44	assets	asset	NOUN
fsr-3420	594	45	are	be	AUX
fsr-3420	594	46	not	not	PART
fsr-3420	594	47	in	in	ADP
fsr-3420	594	48	their	their	PRON
fsr-3420	594	49	iras	ira	NOUN
fsr-3420	594	50	,	,	PUNCT
fsr-3420	594	51	nor	nor	CCONJ
fsr-3420	594	52	as	as	ADP
fsr-3420	594	53	stocks	stock	NOUN
fsr-3420	594	54	,	,	PUNCT
fsr-3420	594	55	bonds	bond	NOUN
fsr-3420	594	56	,	,	PUNCT
fsr-3420	594	57	or	or	CCONJ
fsr-3420	594	58	bills	bill	NOUN
fsr-3420	594	59	,	,	PUNCT
fsr-3420	594	60	but	but	CCONJ
fsr-3420	594	61	in	in	ADP
fsr-3420	594	62	checking	checking	NOUN
fsr-3420	594	63	,	,	PUNCT
fsr-3420	594	64	savings	saving	NOUN
fsr-3420	594	65	,	,	PUNCT
fsr-3420	594	66	and	and	CCONJ
fsr-3420	594	67	money	money	NOUN
fsr-3420	594	68	market	market	NOUN
fsr-3420	594	69	accounts	account	NOUN
fsr-3420	594	70	.	.	PUNCT
fsr-3420	595	1	4	4	NUM
fsr-3420	595	2	we	we	PRON
fsr-3420	595	3	thank	thank	VERB
fsr-3420	595	4	an	an	DET
fsr-3420	595	5	anonymous	anonymous	ADJ
fsr-3420	595	6	referee	referee	NOUN
fsr-3420	595	7	for	for	ADP
fsr-3420	595	8	bringing	bring	VERB
fsr-3420	595	9	to	to	ADP
fsr-3420	595	10	our	our	PRON
fsr-3420	595	11	attention	attention	NOUN
fsr-3420	595	12	the	the	DET
fsr-3420	595	13	need	need	NOUN
fsr-3420	595	14	to	to	PART
fsr-3420	595	15	establish	establish	VERB
fsr-3420	595	16	this	this	DET
fsr-3420	595	17	point	point	NOUN
fsr-3420	595	18	clearly	clearly	ADV
fsr-3420	595	19	.	.	PUNCT
fsr-3420	596	1	5	5	NUM
fsr-3420	596	2	this	this	DET
fsr-3420	596	3	example	example	NOUN
fsr-3420	596	4	,	,	PUNCT
fsr-3420	596	5	borne	bear	VERB
fsr-3420	596	6	out	out	ADP
fsr-3420	596	7	of	of	ADP
fsr-3420	596	8	actual	actual	ADJ
fsr-3420	596	9	historical	historical	ADJ
fsr-3420	596	10	data	datum	NOUN
fsr-3420	596	11	,	,	PUNCT
fsr-3420	596	12	illustrates	illustrate	VERB
fsr-3420	596	13	the	the	DET
fsr-3420	596	14	extent	extent	NOUN
fsr-3420	596	15	to	to	PART
fsr-3420	596	16	which	which	PRON
fsr-3420	596	17	sequencing	sequencing	NOUN
fsr-3420	596	18	can	can	AUX
fsr-3420	596	19	be	be	AUX
fsr-3420	596	20	crucial	crucial	ADJ
fsr-3420	596	21	indeed	indeed	ADV
fsr-3420	596	22	.	.	PUNCT
fsr-3420	597	1	the	the	DET
fsr-3420	597	2	return	return	NOUN
fsr-3420	597	3	rates	rate	NOUN
fsr-3420	597	4	in	in	ADP
fsr-3420	597	5	both	both	DET
fsr-3420	597	6	periods	period	NOUN
fsr-3420	597	7	produced	produce	VERB
fsr-3420	597	8	the	the	DET
fsr-3420	597	9	same	same	ADJ
fsr-3420	597	10	total	total	ADJ
fsr-3420	597	11	return	return	NOUN
fsr-3420	597	12	,	,	PUNCT
fsr-3420	597	13	yet	yet	CCONJ
fsr-3420	597	14	the	the	DET
fsr-3420	597	15	corresponding	correspond	VERB
fsr-3420	597	16	pwas	pwa	VERB
fsr-3420	597	17	were	be	AUX
fsr-3420	597	18	very	very	ADV
fsr-3420	597	19	different	different	ADJ
fsr-3420	597	20	solely	solely	ADV
fsr-3420	597	21	by	by	ADP
fsr-3420	597	22	the	the	DET
fsr-3420	597	23	effect	effect	NOUN
fsr-3420	597	24	of	of	ADP
fsr-3420	597	25	sequencing	sequence	VERB
fsr-3420	597	26	.	.	PUNCT
fsr-3420	598	1	if	if	SCONJ
fsr-3420	598	2	the	the	DET
fsr-3420	598	3	corresponding	corresponding	ADJ
fsr-3420	598	4	retirees	retiree	NOUN
fsr-3420	598	5	had	have	AUX
fsr-3420	598	6	made	make	VERB
fsr-3420	598	7	periodic	periodic	ADJ
fsr-3420	598	8	adjustments	adjustment	NOUN
fsr-3420	598	9	to	to	ADP
fsr-3420	598	10	the	the	DET
fsr-3420	598	11	withdrawal	withdrawal	NOUN
fsr-3420	598	12	amount	amount	NOUN
fsr-3420	598	13	it	it	PRON
fsr-3420	598	14	would	would	AUX
fsr-3420	598	15	not	not	PART
fsr-3420	598	16	have	have	AUX
fsr-3420	598	17	made	make	VERB
fsr-3420	598	18	any	any	DET
fsr-3420	598	19	difference	difference	NOUN
fsr-3420	598	20	:	:	PUNCT
fsr-3420	598	21	the	the	DET
fsr-3420	598	22	one	one	NOUN
fsr-3420	598	23	retiring	retire	VERB
fsr-3420	598	24	in	in	ADP
fsr-3420	598	25	’	'	PUNCT
fsr-3420	598	26	49	49	NUM
fsr-3420	598	27	would	would	AUX
fsr-3420	598	28	have	have	AUX
fsr-3420	598	29	fared	fare	VERB
fsr-3420	598	30	well	well	ADV
fsr-3420	598	31	,	,	PUNCT
fsr-3420	598	32	the	the	DET
fsr-3420	598	33	one	one	NOUN
fsr-3420	598	34	retiring	retire	VERB
fsr-3420	598	35	in	in	ADP
fsr-3420	598	36	’	'	PUNCT
fsr-3420	598	37	69	69	NUM
fsr-3420	598	38	would	would	AUX
fsr-3420	598	39	have	have	AUX
fsr-3420	598	40	done	do	VERB
fsr-3420	598	41	poorly	poorly	ADV
fsr-3420	598	42	.	.	PUNCT
fsr-3420	599	1	6	6	NUM
fsr-3420	599	2	this	this	PRON
fsr-3420	599	3	is	be	AUX
fsr-3420	599	4	perhaps	perhaps	ADV
fsr-3420	599	5	a	a	DET
fsr-3420	599	6	very	very	ADV
fsr-3420	599	7	relevant	relevant	ADJ
fsr-3420	599	8	observation	observation	NOUN
fsr-3420	599	9	.	.	PUNCT
fsr-3420	600	1	studies	study	NOUN
fsr-3420	600	2	of	of	ADP
fsr-3420	600	3	actual	actual	ADJ
fsr-3420	600	4	asset	asset	NOUN
fsr-3420	600	5	allocation	allocation	NOUN
fsr-3420	600	6	choices	choice	NOUN
fsr-3420	600	7	have	have	AUX
fsr-3420	600	8	found	find	VERB
fsr-3420	600	9	more	more	ADJ
fsr-3420	600	10	than	than	ADP
fsr-3420	600	11	55	55	NUM
fsr-3420	600	12	%	%	NOUN
fsr-3420	600	13	of	of	ADP
fsr-3420	600	14	people	people	NOUN
fsr-3420	600	15	of	of	ADP
fsr-3420	600	16	retirement	retirement	NOUN
fsr-3420	600	17	age	age	NOUN
fsr-3420	600	18	having	have	VERB
fsr-3420	600	19	no	no	DET
fsr-3420	600	20	equity	equity	NOUN
fsr-3420	600	21	at	at	ADV
fsr-3420	600	22	all	all	ADV
fsr-3420	600	23	in	in	ADP
fsr-3420	600	24	their	their	PRON
fsr-3420	600	25	ira	ira	PROPN
fsr-3420	600	26	portfolios	portfolio	NOUN
fsr-3420	600	27	(	(	PUNCT
fsr-3420	600	28	waggle	waggle	NOUN
fsr-3420	600	29	and	and	CCONJ
fsr-3420	600	30	englis	englis	PROPN
fsr-3420	600	31	,	,	PUNCT
fsr-3420	600	32	2000	2000	NUM
fsr-3420	600	33	)	)	PUNCT
fsr-3420	600	34	.	.	PUNCT
fsr-3420	601	1	7	7	NUM
fsr-3420	602	1	the	the	DET
fsr-3420	602	2	median	median	NOUN
fsr-3420	602	3	for	for	ADP
fsr-3420	602	4	the	the	DET
fsr-3420	602	5	100	100	NUM
fsr-3420	602	6	%	%	NOUN
fsr-3420	602	7	bequest	bequest	NOUN
fsr-3420	602	8	all	all	DET
fsr-3420	602	9	-	-	PUNCT
fsr-3420	602	10	stocks	stock	NOUN
fsr-3420	602	11	pwr	pwr	NOUN
fsr-3420	602	12	with	with	ADP
fsr-3420	602	13	30	30	NUM
fsr-3420	602	14	-	-	PUNCT
fsr-3420	602	15	year	year	NOUN
fsr-3420	602	16	horizons	horizon	NOUN
fsr-3420	602	17	over	over	ADP
fsr-3420	602	18	the	the	DET
fsr-3420	602	19	historical	historical	ADJ
fsr-3420	602	20	record	record	NOUN
fsr-3420	602	21	is	be	AUX
fsr-3420	602	22	6.4	6.4	NUM
fsr-3420	602	23	%	%	NOUN
fsr-3420	602	24	.	.	PUNCT
fsr-3420	603	1	with	with	ADP
fsr-3420	603	2	the	the	DET
fsr-3420	603	3	caveats	caveat	NOUN
fsr-3420	603	4	mentioned	mention	VERB
fsr-3420	603	5	regarding	regard	VERB
fsr-3420	603	6	mid	mid	ADJ
fsr-3420	603	7	-	-	ADJ
fsr-3420	603	8	course	course	NOUN
fsr-3420	603	9	corrections	correction	NOUN
fsr-3420	603	10	,	,	PUNCT
fsr-3420	603	11	this	this	PRON
fsr-3420	603	12	could	could	AUX
fsr-3420	603	13	then	then	ADV
fsr-3420	603	14	be	be	AUX
fsr-3420	603	15	called	call	VERB
fsr-3420	603	16	the	the	DET
fsr-3420	603	17	“	"	PUNCT
fsr-3420	603	18	6.4	6.4	NUM
fsr-3420	603	19	%	%	NOUN
fsr-3420	603	20	rule	rule	NOUN
fsr-3420	603	21	”	"	PUNCT
fsr-3420	603	22	.	.	PUNCT
fsr-3420	604	1	8	8	NUM
fsr-3420	604	2	strictly	strictly	ADV
fsr-3420	604	3	speaking	speak	VERB
fsr-3420	604	4	,	,	PUNCT
fsr-3420	604	5	the	the	DET
fsr-3420	604	6	problem	problem	NOUN
fsr-3420	604	7	should	should	AUX
fsr-3420	604	8	be	be	AUX
fsr-3420	604	9	posed	pose	VERB
fsr-3420	604	10	as	as	ADP
fsr-3420	604	11	the	the	DET
fsr-3420	604	12	limit	limit	NOUN
fsr-3420	604	13	convergence	convergence	NOUN
fsr-3420	604	14	of	of	ADP
fsr-3420	604	15	eq	eq	PROPN
fsr-3420	604	16	.	.	PUNCT
fsr-3420	605	1	(	(	PUNCT
fsr-3420	605	2	1	1	X
fsr-3420	605	3	)	)	PUNCT
fsr-3420	605	4	with	with	ADP
fsr-3420	605	5	ks	ks	NOUN
fsr-3420	605	6	=	=	SYM
fsr-3420	605	7	ke	ke	PROPN
fsr-3420	605	8	as	as	ADP
fsr-3420	605	9	n	n	NOUN
fsr-3420	605	10	increases	increase	NOUN
fsr-3420	605	11	.	.	PUNCT
fsr-3420	606	1	we	we	PRON
fsr-3420	606	2	use	use	VERB
fsr-3420	606	3	the	the	DET
fsr-3420	606	4	results	result	NOUN
fsr-3420	606	5	for	for	ADP
fsr-3420	606	6	n=30	n=30	NOUN
fsr-3420	606	7	as	as	ADP
fsr-3420	606	8	an	an	DET
fsr-3420	606	9	approximation	approximation	NOUN
fsr-3420	606	10	,	,	PUNCT
fsr-3420	606	11	with	with	ADP
fsr-3420	606	12	the	the	DET
fsr-3420	606	13	next	next	ADJ
fsr-3420	606	14	section	section	NOUN
fsr-3420	606	15	discussing	discuss	VERB
fsr-3420	606	16	their	their	PRON
fsr-3420	606	17	sensitivity	sensitivity	NOUN
fsr-3420	606	18	to	to	ADP
fsr-3420	606	19	extensions	extension	NOUN
fsr-3420	606	20	of	of	ADP
fsr-3420	606	21	this	this	DET
fsr-3420	606	22	horizon	horizon	NOUN
fsr-3420	606	23	.	.	PUNCT
fsr-3420	607	1	we	we	PRON
fsr-3420	607	2	also	also	ADV
fsr-3420	607	3	simplify	simplify	VERB
fsr-3420	607	4	by	by	ADP
fsr-3420	607	5	ignoring	ignore	VERB
fsr-3420	607	6	additional	additional	ADJ
fsr-3420	607	7	future	future	ADJ
fsr-3420	607	8	contributions	contribution	NOUN
fsr-3420	607	9	.	.	PUNCT
fsr-3420	608	1	9	9	NUM
fsr-3420	608	2	the	the	DET
fsr-3420	608	3	number	number	NOUN
fsr-3420	608	4	of	of	ADP
fsr-3420	608	5	pwr	pwr	NOUN
fsr-3420	608	6	figures	figure	NOUN
fsr-3420	608	7	that	that	PRON
fsr-3420	608	8	can	can	AUX
fsr-3420	608	9	be	be	AUX
fsr-3420	608	10	produced	produce	VERB
fsr-3420	608	11	with	with	ADP
fsr-3420	608	12	our	our	PRON
fsr-3420	608	13	dataset	dataset	NOUN
fsr-3420	608	14	is	be	AUX
fsr-3420	608	15	648	648	NUM
fsr-3420	608	16	for	for	ADP
fsr-3420	608	17	the	the	DET
fsr-3420	608	18	35year	35year	NUM
fsr-3420	608	19	horizon	horizon	NOUN
fsr-3420	608	20	length	length	NOUN
fsr-3420	608	21	and	and	CCONJ
fsr-3420	608	22	588	588	NUM
fsr-3420	608	23	for	for	ADP
fsr-3420	608	24	the	the	DET
fsr-3420	608	25	40	40	NUM
fsr-3420	608	26	-	-	PUNCT
fsr-3420	608	27	year	year	NOUN
fsr-3420	608	28	length	length	NOUN
fsr-3420	608	29	.	.	PUNCT
fsr-3420	609	1	this	this	PRON
fsr-3420	609	2	is	be	AUX
fsr-3420	609	3	less	less	ADJ
fsr-3420	609	4	than	than	ADP
fsr-3420	609	5	the	the	DET
fsr-3420	609	6	708	708	NUM
fsr-3420	609	7	data	datum	NOUN
fsr-3420	609	8	points	point	NOUN
fsr-3420	609	9	we	we	PRON
fsr-3420	609	10	had	have	VERB
fsr-3420	609	11	in	in	ADP
fsr-3420	609	12	the	the	DET
fsr-3420	609	13	standard	standard	ADJ
fsr-3420	609	14	scenario	scenario	NOUN
fsr-3420	609	15	,	,	PUNCT
fsr-3420	609	16	so	so	ADV
fsr-3420	609	17	the	the	DET
fsr-3420	609	18	validity	validity	NOUN
fsr-3420	609	19	of	of	ADP
fsr-3420	609	20	these	these	DET
fsr-3420	609	21	findings	finding	NOUN
fsr-3420	609	22	for	for	ADP
fsr-3420	609	23	inference	inference	NOUN
fsr-3420	609	24	purposes	purpose	NOUN
fsr-3420	609	25	is	be	AUX
fsr-3420	609	26	correspondingly	correspondingly	ADV
fsr-3420	609	27	weaker	weak	ADJ
fsr-3420	609	28	.	.	PUNCT
fsr-3420	610	1	10	10	NUM
fsr-3420	610	2	social	social	ADJ
fsr-3420	610	3	security	security	NOUN
fsr-3420	610	4	administration	administration	NOUN
fsr-3420	610	5	(	(	PUNCT
fsr-3420	610	6	2016	2016	NUM
fsr-3420	610	7	)	)	PUNCT
fsr-3420	610	8	.	.	PUNCT
fsr-3420	610	9	11	11	NUM
fsr-3420	610	10	for	for	ADP
fsr-3420	610	11	the	the	DET
fsr-3420	610	12	25	25	NUM
fsr-3420	610	13	-	-	PUNCT
fsr-3420	610	14	year	year	NOUN
fsr-3420	610	15	horizon	horizon	NOUN
fsr-3420	610	16	length	length	NOUN
fsr-3420	610	17	,	,	PUNCT
fsr-3420	610	18	the	the	DET
fsr-3420	610	19	number	number	NOUN
fsr-3420	610	20	of	of	ADP
fsr-3420	610	21	pwr	pwr	NOUN
fsr-3420	610	22	figures	figure	NOUN
fsr-3420	610	23	that	that	PRON
fsr-3420	610	24	can	can	AUX
fsr-3420	610	25	be	be	AUX
fsr-3420	610	26	produced	produce	VERB
fsr-3420	610	27	with	with	ADP
fsr-3420	610	28	our	our	PRON
fsr-3420	610	29	dataset	dataset	NOUN
fsr-3420	610	30	is	be	AUX
fsr-3420	610	31	768	768	NUM
fsr-3420	610	32	.	.	PUNCT
fsr-3420	611	1	the	the	DET
fsr-3420	611	2	dashed	dash	VERB
fsr-3420	611	3	line	line	NOUN
fsr-3420	611	4	in	in	ADP
fsr-3420	611	5	fig	fig	NOUN
fsr-3420	611	6	.	.	PUNCT
fsr-3420	612	1	21	21	NUM
fsr-3420	612	2	(	(	PUNCT
fsr-3420	612	3	25	25	NUM
fsr-3420	612	4	-	-	PUNCT
fsr-3420	612	5	year	year	NOUN
fsr-3420	612	6	long	long	ADJ
fsr-3420	612	7	horizon	horizon	NOUN
fsr-3420	612	8	)	)	PUNCT
fsr-3420	612	9	is	be	AUX
fsr-3420	612	10	thus	thus	ADV
fsr-3420	612	11	longer	long	ADJ
fsr-3420	612	12	than	than	ADP
fsr-3420	612	13	the	the	DET
fsr-3420	612	14	solid	solid	ADJ
fsr-3420	612	15	line	line	NOUN
fsr-3420	612	16	(	(	PUNCT
fsr-3420	612	17	30	30	NUM
fsr-3420	612	18	-	-	PUNCT
fsr-3420	612	19	year	year	NOUN
fsr-3420	612	20	long	long	ADJ
fsr-3420	612	21	horizon	horizon	NOUN
fsr-3420	612	22	)	)	PUNCT
fsr-3420	612	23	.	.	PUNCT
fsr-3420	613	1	12	12	NUM
fsr-3420	613	2	the	the	DET
fsr-3420	613	3	number	number	NOUN
fsr-3420	613	4	of	of	ADP
fsr-3420	613	5	data	datum	NOUN
fsr-3420	613	6	points	point	NOUN
fsr-3420	613	7	for	for	ADP
fsr-3420	613	8	these	these	DET
fsr-3420	613	9	horizon	horizon	NOUN
fsr-3420	613	10	lengths	length	NOUN
fsr-3420	613	11	is	be	AUX
fsr-3420	613	12	828	828	NUM
fsr-3420	613	13	(	(	PUNCT
fsr-3420	613	14	20	20	NUM
fsr-3420	613	15	years	year	NOUN
fsr-3420	613	16	)	)	PUNCT
fsr-3420	613	17	,	,	PUNCT
fsr-3420	613	18	888	888	NUM
fsr-3420	613	19	(	(	PUNCT
fsr-3420	613	20	15	15	NUM
fsr-3420	613	21	years	year	NOUN
fsr-3420	613	22	)	)	PUNCT
fsr-3420	613	23	,	,	PUNCT
fsr-3420	613	24	948	948	NUM
fsr-3420	613	25	(	(	PUNCT
fsr-3420	613	26	10	10	NUM
fsr-3420	613	27	years	year	NOUN
fsr-3420	613	28	)	)	PUNCT
fsr-3420	613	29	,	,	PUNCT
fsr-3420	613	30	and	and	CCONJ
fsr-3420	613	31	1,008	1,008	NUM
fsr-3420	613	32	(	(	PUNCT
fsr-3420	613	33	5	5	NUM
fsr-3420	613	34	years	year	NOUN
fsr-3420	613	35	)	)	PUNCT
fsr-3420	613	36	.	.	PUNCT
fsr-3420	614	1	so	so	ADV
fsr-3420	614	2	the	the	DET
fsr-3420	614	3	lines	line	NOUN
fsr-3420	614	4	in	in	ADP
fsr-3420	614	5	fig	fig	NOUN
fsr-3420	614	6	.	.	PUNCT
fsr-3420	615	1	24	24	NUM
fsr-3420	615	2	become	become	VERB
fsr-3420	615	3	longer	long	ADJ
fsr-3420	615	4	as	as	SCONJ
fsr-3420	615	5	the	the	DET
fsr-3420	615	6	planning	planning	NOUN
fsr-3420	615	7	horizon	horizon	NOUN
fsr-3420	615	8	shortens	shorten	VERB
fsr-3420	615	9	.	.	PUNCT
fsr-3420	615	10	13	13	NUM
fsr-3420	615	11	john	john	PROPN
fsr-3420	615	12	hancock	hancock	PROPN
fsr-3420	615	13	investments	investments	PROPN
fsr-3420	615	14	’	'	PUNCT
fsr-3420	615	15	retirement	retirement	NOUN
fsr-3420	615	16	living	live	VERB
fsr-3420	615	17	portfolios	portfolio	NOUN
fsr-3420	615	18	enter	enter	VERB
fsr-3420	615	19	the	the	DET
fsr-3420	615	20	retirement	retirement	NOUN
fsr-3420	615	21	stage	stage	NOUN
fsr-3420	615	22	with	with	ADP
fsr-3420	615	23	a	a	DET
fsr-3420	615	24	50	50	NUM
fsr-3420	615	25	%	%	NOUN
fsr-3420	615	26	stock	stock	NOUN
fsr-3420	615	27	allocation	allocation	NOUN
fsr-3420	615	28	.	.	PUNCT
fsr-3420	616	1	fidelity	fidelity	PROPN
fsr-3420	616	2	investments	investments	PROPN
fsr-3420	616	3	’	'	PUNCT
fsr-3420	616	4	income	income	NOUN
fsr-3420	616	5	replacement	replacement	NOUN
fsr-3420	616	6	funds	fund	NOUN
fsr-3420	616	7	offers	offer	VERB
fsr-3420	616	8	information	information	NOUN
fsr-3420	616	9	that	that	PRON
fsr-3420	616	10	implies	imply	VERB
fsr-3420	616	11	allocations	allocation	NOUN
fsr-3420	616	12	of	of	ADP
fsr-3420	616	13	53	53	NUM
fsr-3420	616	14	%	%	NOUN
fsr-3420	616	15	,	,	PUNCT
fsr-3420	616	16	34	34	NUM
fsr-3420	616	17	%	%	NOUN
fsr-3420	616	18	,	,	PUNCT
fsr-3420	616	19	and	and	CCONJ
fsr-3420	616	20	13	13	NUM
fsr-3420	616	21	%	%	NOUN
fsr-3420	616	22	to	to	ADP
fsr-3420	616	23	stocks	stock	NOUN
fsr-3420	616	24	,	,	PUNCT
fsr-3420	616	25	bonds	bond	NOUN
fsr-3420	616	26	,	,	PUNCT
fsr-3420	616	27	and	and	CCONJ
fsr-3420	616	28	cash	cash	NOUN
fsr-3420	616	29	130	130	NUM
fsr-3420	616	30	e.d	e.d	PROPN
fsr-3420	616	31	.	.	PROPN
fsr-3420	616	32	suarez	suarez	PROPN
fsr-3420	616	33	/	/	SYM
fsr-3420	616	34	financial	financial	ADJ
fsr-3420	616	35	services	service	NOUN
fsr-3420	616	36	review	review	VERB
fsr-3420	616	37	28	28	NUM
fsr-3420	616	38	(	(	PUNCT
fsr-3420	616	39	2020	2020	NUM
fsr-3420	616	40	)	)	PUNCT
fsr-3420	617	1	96–132	96–132	NUM
fsr-3420	617	2	in	in	ADP
fsr-3420	617	3	year	year	NOUN
fsr-3420	617	4	1	1	NUM
fsr-3420	617	5	of	of	ADP
fsr-3420	617	6	retirement	retirement	NOUN
fsr-3420	617	7	.	.	PUNCT
fsr-3420	618	1	vanguard	vanguard	PROPN
fsr-3420	618	2	’s	’s	PART
fsr-3420	618	3	managed	manage	VERB
fsr-3420	618	4	payout	payout	NOUN
fsr-3420	618	5	fund	fund	NOUN
fsr-3420	618	6	invests	invest	NOUN
fsr-3420	618	7	57.5	57.5	NUM
fsr-3420	618	8	%	%	NOUN
fsr-3420	618	9	in	in	ADP
fsr-3420	618	10	stocks	stock	NOUN
fsr-3420	618	11	,	,	PUNCT
fsr-3420	618	12	17.9	17.9	NUM
fsr-3420	618	13	%	%	NOUN
fsr-3420	618	14	in	in	ADP
fsr-3420	618	15	bonds	bond	NOUN
fsr-3420	618	16	,	,	PUNCT
fsr-3420	618	17	and	and	CCONJ
fsr-3420	618	18	24.6	24.6	NUM
fsr-3420	618	19	%	%	NOUN
fsr-3420	618	20	in	in	ADP
fsr-3420	618	21	“	"	PUNCT
fsr-3420	618	22	other	other	ADJ
fsr-3420	618	23	”	"	PUNCT
fsr-3420	618	24	.	.	PUNCT
fsr-3420	619	1	charles	charles	PROPN
fsr-3420	619	2	schwab	schwab	PROPN
fsr-3420	619	3	’s	’s	PART
fsr-3420	619	4	monthly	monthly	ADJ
fsr-3420	619	5	income	income	NOUN
fsr-3420	619	6	fundenhanced	fundenhance	VERB
fsr-3420	619	7	payout	payout	NOUN
fsr-3420	619	8	allocates	allocate	NOUN
fsr-3420	619	9	between	between	ADP
fsr-3420	619	10	10	10	NUM
fsr-3420	619	11	%	%	NOUN
fsr-3420	619	12	and	and	CCONJ
fsr-3420	619	13	40	40	NUM
fsr-3420	619	14	%	%	NOUN
fsr-3420	619	15	to	to	ADP
fsr-3420	619	16	equities	equity	NOUN
fsr-3420	619	17	,	,	PUNCT
fsr-3420	619	18	and	and	CCONJ
fsr-3420	619	19	the	the	DET
fsr-3420	619	20	monthly	monthly	ADJ
fsr-3420	619	21	income	income	NOUN
fsr-3420	619	22	fund	fund	NOUN
fsr-3420	619	23	-	-	PUNCT
fsr-3420	619	24	maximum	maximum	NOUN
fsr-3420	619	25	payout	payout	NOUN
fsr-3420	619	26	uses	use	VERB
fsr-3420	619	27	0	0	NUM
fsr-3420	619	28	%	%	NOUN
fsr-3420	619	29	to	to	PART
fsr-3420	619	30	25	25	NUM
fsr-3420	619	31	%	%	NOUN
fsr-3420	619	32	as	as	ADP
fsr-3420	619	33	its	its	PRON
fsr-3420	619	34	equity	equity	NOUN
fsr-3420	619	35	allocation	allocation	NOUN
fsr-3420	619	36	range	range	NOUN
fsr-3420	619	37	.	.	PUNCT
fsr-3420	620	1	references	reference	NOUN
fsr-3420	620	2	basu	basu	PROPN
fsr-3420	620	3	,	,	PUNCT
fsr-3420	620	4	a.	a.	PROPN
fsr-3420	620	5	k.	k.	PROPN
fsr-3420	620	6	,	,	PUNCT
fsr-3420	620	7	byrne	byrne	PROPN
fsr-3420	620	8	,	,	PUNCT
fsr-3420	620	9	a.	a.	PROPN
fsr-3420	620	10	,	,	PUNCT
fsr-3420	620	11	&	&	CCONJ
fsr-3420	620	12	drew	draw	VERB
fsr-3420	620	13	,	,	PUNCT
fsr-3420	620	14	m.	m.	PROPN
fsr-3420	620	15	e.	e.	PROPN
fsr-3420	620	16	(	(	PUNCT
fsr-3420	620	17	2011	2011	NUM
fsr-3420	620	18	)	)	PUNCT
fsr-3420	620	19	.	.	PUNCT
fsr-3420	621	1	dynamic	dynamic	ADJ
fsr-3420	621	2	lifecycle	lifecycle	NOUN
fsr-3420	621	3	strategies	strategy	NOUN
fsr-3420	621	4	for	for	ADP
fsr-3420	621	5	target	target	NOUN
fsr-3420	621	6	date	date	NOUN
fsr-3420	621	7	retirement	retirement	NOUN
fsr-3420	621	8	funds	fund	NOUN
fsr-3420	621	9	.	.	PUNCT
fsr-3420	622	1	the	the	DET
fsr-3420	622	2	journal	journal	PROPN
fsr-3420	622	3	of	of	ADP
fsr-3420	622	4	portfolio	portfolio	NOUN
fsr-3420	622	5	management	management	NOUN
fsr-3420	622	6	,	,	PUNCT
fsr-3420	622	7	37	37	NUM
fsr-3420	622	8	,	,	PUNCT
fsr-3420	622	9	83	83	NUM
fsr-3420	622	10	-	-	SYM
fsr-3420	622	11	96	96	NUM
fsr-3420	622	12	bengen	bengen	NOUN
fsr-3420	622	13	,	,	PUNCT
fsr-3420	622	14	w.	w.	PROPN
fsr-3420	622	15	p.	p.	PROPN
fsr-3420	622	16	(	(	PUNCT
fsr-3420	622	17	1994	1994	NUM
fsr-3420	622	18	)	)	PUNCT
fsr-3420	622	19	.	.	PUNCT
fsr-3420	623	1	determining	determine	VERB
fsr-3420	623	2	withdrawal	withdrawal	NOUN
fsr-3420	623	3	rates	rate	NOUN
fsr-3420	623	4	using	use	VERB
fsr-3420	623	5	historical	historical	ADJ
fsr-3420	623	6	data	datum	NOUN
fsr-3420	623	7	.	.	PUNCT
fsr-3420	624	1	journal	journal	PROPN
fsr-3420	624	2	of	of	ADP
fsr-3420	624	3	financial	financial	ADJ
fsr-3420	624	4	planning	planning	NOUN
fsr-3420	624	5	,	,	PUNCT
fsr-3420	624	6	7	7	NUM
fsr-3420	624	7	,	,	PUNCT
fsr-3420	624	8	171	171	NUM
fsr-3420	624	9	-	-	SYM
fsr-3420	624	10	180	180	NUM
fsr-3420	624	11	.	.	PUNCT
fsr-3420	624	12	bierwirth	bierwirth	NOUN
fsr-3420	624	13	,	,	PUNCT
fsr-3420	624	14	l.	l.	PROPN
fsr-3420	624	15	(	(	PUNCT
fsr-3420	624	16	1994	1994	NUM
fsr-3420	624	17	)	)	PUNCT
fsr-3420	624	18	.	.	PUNCT
fsr-3420	625	1	investing	invest	VERB
fsr-3420	625	2	for	for	ADP
fsr-3420	625	3	retirement	retirement	NOUN
fsr-3420	625	4	:	:	PUNCT
fsr-3420	625	5	using	use	VERB
fsr-3420	625	6	the	the	DET
fsr-3420	625	7	past	past	NOUN
fsr-3420	625	8	to	to	PART
fsr-3420	625	9	model	model	VERB
fsr-3420	625	10	the	the	DET
fsr-3420	625	11	future	future	NOUN
fsr-3420	625	12	.	.	PUNCT
fsr-3420	626	1	journal	journal	NOUN
fsr-3420	626	2	of	of	ADP
fsr-3420	626	3	financial	financial	ADJ
fsr-3420	626	4	planning	planning	NOUN
fsr-3420	626	5	,	,	PUNCT
fsr-3420	626	6	7	7	NUM
fsr-3420	626	7	,	,	PUNCT
fsr-3420	626	8	14	14	NUM
fsr-3420	626	9	-	-	SYM
fsr-3420	626	10	24	24	NUM
fsr-3420	626	11	.	.	PUNCT
fsr-3420	627	1	blanchett	blanchett	PROPN
fsr-3420	627	2	,	,	PUNCT
fsr-3420	627	3	d.	d.	PROPN
fsr-3420	627	4	m.	m.	PROPN
fsr-3420	627	5	,	,	PUNCT
fsr-3420	627	6	&	&	CCONJ
fsr-3420	627	7	frank	frank	PROPN
fsr-3420	627	8	,	,	PUNCT
fsr-3420	627	9	l.	l.	PROPN
fsr-3420	627	10	r.	r.	PROPN
fsr-3420	627	11	(	(	PUNCT
fsr-3420	627	12	2009	2009	NUM
fsr-3420	627	13	)	)	PUNCT
fsr-3420	627	14	.	.	PUNCT
fsr-3420	628	1	a	a	DET
fsr-3420	628	2	dynamic	dynamic	ADJ
fsr-3420	628	3	and	and	CCONJ
fsr-3420	628	4	adaptive	adaptive	ADJ
fsr-3420	628	5	approach	approach	NOUN
fsr-3420	628	6	to	to	ADP
fsr-3420	628	7	distribution	distribution	NOUN
fsr-3420	628	8	planning	planning	NOUN
fsr-3420	628	9	and	and	CCONJ
fsr-3420	628	10	monitoring	monitoring	NOUN
fsr-3420	628	11	.	.	PUNCT
fsr-3420	629	1	journal	journal	NOUN
fsr-3420	629	2	of	of	ADP
fsr-3420	629	3	financial	financial	ADJ
fsr-3420	629	4	planning	planning	NOUN
fsr-3420	629	5	,	,	PUNCT
fsr-3420	629	6	22	22	NUM
fsr-3420	629	7	,	,	PUNCT
fsr-3420	629	8	52	52	NUM
fsr-3420	629	9	-	-	SYM
fsr-3420	629	10	66	66	NUM
fsr-3420	629	11	.	.	PUNCT
fsr-3420	630	1	bridges	bridge	NOUN
fsr-3420	630	2	,	,	PUNCT
fsr-3420	630	3	b.	b.	PROPN
fsr-3420	630	4	,	,	PUNCT
fsr-3420	630	5	&	&	CCONJ
fsr-3420	630	6	choudhury	choudhury	PROPN
fsr-3420	630	7	,	,	PUNCT
fsr-3420	630	8	s.	s.	PROPN
fsr-3420	630	9	(	(	PUNCT
fsr-3420	630	10	2007	2007	NUM
fsr-3420	630	11	)	)	PUNCT
fsr-3420	630	12	.	.	PUNCT
fsr-3420	631	1	social	social	ADJ
fsr-3420	631	2	security	security	NOUN
fsr-3420	631	3	benefits	benefit	NOUN
fsr-3420	631	4	as	as	ADP
fsr-3420	631	5	a	a	DET
fsr-3420	631	6	retirement	retirement	NOUN
fsr-3420	631	7	resource	resource	NOUN
fsr-3420	631	8	for	for	ADP
fsr-3420	631	9	u.s	u.s	PROPN
fsr-3420	631	10	.	.	PROPN
fsr-3420	631	11	near	near	ADJ
fsr-3420	631	12	-	-	PUNCT
fsr-3420	631	13	retirees	retiree	NOUN
fsr-3420	631	14	.	.	PUNCT
fsr-3420	632	1	review	review	NOUN
fsr-3420	632	2	of	of	ADP
fsr-3420	632	3	income	income	NOUN
fsr-3420	632	4	and	and	CCONJ
fsr-3420	632	5	wealth	wealth	NOUN
fsr-3420	632	6	,	,	PUNCT
fsr-3420	632	7	53	53	NUM
fsr-3420	632	8	,	,	PUNCT
fsr-3420	632	9	538	538	NUM
fsr-3420	632	10	-	-	SYM
fsr-3420	632	11	567	567	NUM
fsr-3420	632	12	.	.	PUNCT
fsr-3420	633	1	charles	charles	PROPN
fsr-3420	633	2	schwab	schwab	PROPN
fsr-3420	633	3	investment	investment	PROPN
fsr-3420	633	4	management	management	PROPN
fsr-3420	633	5	,	,	PUNCT
fsr-3420	633	6	inc	inc	PROPN
fsr-3420	633	7	.	.	PROPN
fsr-3420	633	8	(	(	PUNCT
fsr-3420	633	9	2015	2015	NUM
fsr-3420	633	10	)	)	PUNCT
fsr-3420	633	11	.	.	PUNCT
fsr-3420	634	1	schwab	schwab	VERB
fsr-3420	634	2	monthly	monthly	ADJ
fsr-3420	634	3	income	income	NOUN
fsr-3420	634	4	funds	fund	NOUN
fsr-3420	634	5	:	:	PUNCT
fsr-3420	634	6	three	three	NUM
fsr-3420	634	7	diversified	diversified	ADJ
fsr-3420	634	8	income	income	NOUN
fsr-3420	634	9	solutions	solution	NOUN
fsr-3420	634	10	(	(	PUNCT
fsr-3420	634	11	available	available	ADJ
fsr-3420	634	12	at	at	ADP
fsr-3420	634	13	http://ims.schwab.wallst.com/repository/?doc=schwabmonthlyincomefundssalessheet	http://ims.schwab.wallst.com/repository/?doc=schwabmonthlyincomefundssalessheet	NOUN
fsr-3420	634	14	)	)	PUNCT
fsr-3420	634	15	.	.	PUNCT
fsr-3420	635	1	clare	clare	PROPN
fsr-3420	635	2	,	,	PUNCT
fsr-3420	635	3	a.	a.	PROPN
fsr-3420	635	4	,	,	PUNCT
fsr-3420	635	5	seaton	seaton	PROPN
fsr-3420	635	6	,	,	PUNCT
fsr-3420	635	7	j.	j.	PROPN
fsr-3420	635	8	,	,	PUNCT
fsr-3420	635	9	smith	smith	PROPN
fsr-3420	635	10	,	,	PUNCT
fsr-3420	635	11	p.	p.	PROPN
fsr-3420	635	12	n.	n.	PROPN
fsr-3420	635	13	,	,	PUNCT
fsr-3420	635	14	&	&	CCONJ
fsr-3420	635	15	thomas	thomas	PROPN
fsr-3420	635	16	,	,	PUNCT
fsr-3420	635	17	s.	s.	PROPN
fsr-3420	635	18	(	(	PUNCT
fsr-3420	635	19	2016a	2016a	NUM
fsr-3420	635	20	)	)	PUNCT
fsr-3420	635	21	.	.	PUNCT
fsr-3420	636	1	reducing	reduce	VERB
fsr-3420	636	2	sequence	sequence	NOUN
fsr-3420	636	3	risk	risk	NOUN
fsr-3420	636	4	using	use	VERB
fsr-3420	636	5	trend	trend	NOUN
fsr-3420	636	6	following	follow	VERB
fsr-3420	636	7	investment	investment	NOUN
fsr-3420	636	8	strategies	strategy	NOUN
fsr-3420	636	9	and	and	CCONJ
fsr-3420	636	10	the	the	DET
fsr-3420	636	11	cape	cape	NOUN
fsr-3420	636	12	.	.	PUNCT
fsr-3420	637	1	discussion	discussion	NOUN
fsr-3420	637	2	papers	paper	NOUN
fsr-3420	637	3	in	in	ADP
fsr-3420	637	4	economics	economic	NOUN
fsr-3420	637	5	.	.	PUNCT
fsr-3420	638	1	university	university	PROPN
fsr-3420	638	2	of	of	ADP
fsr-3420	638	3	york	york	PROPN
fsr-3420	638	4	,	,	PUNCT
fsr-3420	638	5	16	16	NUM
fsr-3420	638	6	,	,	PUNCT
fsr-3420	638	7	11	11	NUM
fsr-3420	638	8	.	.	PUNCT
fsr-3420	639	1	clare	clare	PROPN
fsr-3420	639	2	,	,	PUNCT
fsr-3420	639	3	a.	a.	PROPN
fsr-3420	639	4	,	,	PUNCT
fsr-3420	639	5	seaton	seaton	PROPN
fsr-3420	639	6	,	,	PUNCT
fsr-3420	639	7	j.	j.	PROPN
fsr-3420	639	8	,	,	PUNCT
fsr-3420	639	9	smith	smith	PROPN
fsr-3420	639	10	,	,	PUNCT
fsr-3420	639	11	p.	p.	PROPN
fsr-3420	639	12	n.	n.	PROPN
fsr-3420	639	13	,	,	PUNCT
fsr-3420	639	14	&	&	CCONJ
fsr-3420	639	15	thomas	thomas	PROPN
fsr-3420	639	16	,	,	PUNCT
fsr-3420	639	17	s.	s.	PROPN
fsr-3420	639	18	(	(	PUNCT
fsr-3420	639	19	2016b	2016b	NUM
fsr-3420	639	20	)	)	PUNCT
fsr-3420	639	21	.	.	PUNCT
fsr-3420	640	1	the	the	DET
fsr-3420	640	2	trend	trend	NOUN
fsr-3420	640	3	is	be	AUX
fsr-3420	640	4	our	our	PRON
fsr-3420	640	5	friend	friend	NOUN
fsr-3420	640	6	:	:	PUNCT
fsr-3420	640	7	risk	risk	NOUN
fsr-3420	640	8	parity	parity	NOUN
fsr-3420	640	9	,	,	PUNCT
fsr-3420	640	10	momentum	momentum	NOUN
fsr-3420	640	11	and	and	CCONJ
fsr-3420	640	12	trend	trend	NOUN
fsr-3420	640	13	following	follow	VERB
fsr-3420	640	14	in	in	ADP
fsr-3420	640	15	global	global	ADJ
fsr-3420	640	16	asset	asset	NOUN
fsr-3420	640	17	allocation	allocation	NOUN
fsr-3420	640	18	.	.	PUNCT
fsr-3420	641	1	journal	journal	NOUN
fsr-3420	641	2	of	of	ADP
fsr-3420	641	3	behavioral	behavioral	ADJ
fsr-3420	641	4	and	and	CCONJ
fsr-3420	641	5	experimental	experimental	ADJ
fsr-3420	641	6	finance	finance	NOUN
fsr-3420	641	7	,	,	PUNCT
fsr-3420	641	8	9	9	NUM
fsr-3420	641	9	,	,	PUNCT
fsr-3420	641	10	63	63	NUM
fsr-3420	641	11	-	-	SYM
fsr-3420	641	12	80	80	NUM
fsr-3420	641	13	.	.	PUNCT
fsr-3420	642	1	coile	coile	PROPN
fsr-3420	642	2	,	,	PUNCT
fsr-3420	642	3	c.	c.	PROPN
fsr-3420	642	4	,	,	PUNCT
fsr-3420	642	5	&	&	CCONJ
fsr-3420	642	6	milligan	milligan	PROPN
fsr-3420	642	7	,	,	PUNCT
fsr-3420	642	8	k.	k.	PROPN
fsr-3420	642	9	(	(	PUNCT
fsr-3420	642	10	2009	2009	NUM
fsr-3420	642	11	)	)	PUNCT
fsr-3420	642	12	.	.	PUNCT
fsr-3420	643	1	how	how	SCONJ
fsr-3420	643	2	household	household	NOUN
fsr-3420	643	3	portfolios	portfolio	NOUN
fsr-3420	643	4	evolve	evolve	VERB
fsr-3420	643	5	after	after	ADP
fsr-3420	643	6	retirement	retirement	NOUN
fsr-3420	643	7	:	:	PUNCT
fsr-3420	643	8	the	the	DET
fsr-3420	643	9	effect	effect	NOUN
fsr-3420	643	10	of	of	ADP
fsr-3420	643	11	aging	age	VERB
fsr-3420	643	12	and	and	CCONJ
fsr-3420	643	13	health	health	NOUN
fsr-3420	643	14	shocks	shock	NOUN
fsr-3420	643	15	.	.	PUNCT
fsr-3420	644	1	review	review	NOUN
fsr-3420	644	2	of	of	ADP
fsr-3420	644	3	income	income	NOUN
fsr-3420	644	4	and	and	CCONJ
fsr-3420	644	5	wealth	wealth	NOUN
fsr-3420	644	6	,	,	PUNCT
fsr-3420	644	7	55	55	NUM
fsr-3420	644	8	,	,	PUNCT
fsr-3420	644	9	226	226	NUM
fsr-3420	644	10	-	-	SYM
fsr-3420	644	11	248	248	NUM
fsr-3420	644	12	.	.	PUNCT
fsr-3420	645	1	cooley	cooley	PROPN
fsr-3420	645	2	,	,	PUNCT
fsr-3420	645	3	p.	p.	PROPN
fsr-3420	645	4	l.	l.	PROPN
fsr-3420	645	5	,	,	PUNCT
fsr-3420	645	6	hubbard	hubbard	PROPN
fsr-3420	645	7	,	,	PUNCT
fsr-3420	645	8	c.	c.	PROPN
fsr-3420	645	9	m.	m.	PROPN
fsr-3420	645	10	,	,	PUNCT
fsr-3420	645	11	&	&	CCONJ
fsr-3420	645	12	walz	walz	PROPN
fsr-3420	645	13	,	,	PUNCT
fsr-3420	645	14	d.	d.	PROPN
fsr-3420	645	15	t.	t.	PROPN
fsr-3420	645	16	(	(	PUNCT
fsr-3420	645	17	1998	1998	NUM
fsr-3420	645	18	)	)	PUNCT
fsr-3420	645	19	.	.	PUNCT
fsr-3420	646	1	retirement	retirement	NOUN
fsr-3420	646	2	savings	saving	NOUN
fsr-3420	646	3	:	:	PUNCT
fsr-3420	646	4	choosing	choose	VERB
fsr-3420	646	5	a	a	DET
fsr-3420	646	6	withdrawal	withdrawal	NOUN
fsr-3420	646	7	rate	rate	NOUN
fsr-3420	646	8	that	that	PRON
fsr-3420	646	9	is	be	AUX
fsr-3420	646	10	sustainable	sustainable	ADJ
fsr-3420	646	11	.	.	PUNCT
fsr-3420	647	1	journal	journal	NOUN
fsr-3420	647	2	of	of	ADP
fsr-3420	647	3	the	the	DET
fsr-3420	647	4	american	american	PROPN
fsr-3420	647	5	association	association	PROPN
fsr-3420	647	6	of	of	ADP
fsr-3420	647	7	individual	individual	ADJ
fsr-3420	647	8	investors	investor	NOUN
fsr-3420	647	9	,	,	PUNCT
fsr-3420	647	10	20	20	NUM
fsr-3420	647	11	,	,	PUNCT
fsr-3420	647	12	16	16	NUM
fsr-3420	647	13	-	-	SYM
fsr-3420	647	14	21	21	NUM
fsr-3420	647	15	.	.	PUNCT
fsr-3420	648	1	cooley	cooley	PROPN
fsr-3420	648	2	,	,	PUNCT
fsr-3420	648	3	p.	p.	PROPN
fsr-3420	648	4	l.	l.	PROPN
fsr-3420	648	5	,	,	PUNCT
fsr-3420	648	6	hubbard	hubbard	PROPN
fsr-3420	648	7	,	,	PUNCT
fsr-3420	648	8	c.	c.	PROPN
fsr-3420	648	9	m.	m.	PROPN
fsr-3420	648	10	,	,	PUNCT
fsr-3420	648	11	&	&	CCONJ
fsr-3420	648	12	walz	walz	PROPN
fsr-3420	648	13	,	,	PUNCT
fsr-3420	648	14	d.	d.	PROPN
fsr-3420	648	15	t.	t.	PROPN
fsr-3420	648	16	(	(	PUNCT
fsr-3420	648	17	1999	1999	NUM
fsr-3420	648	18	)	)	PUNCT
fsr-3420	648	19	.	.	PUNCT
fsr-3420	649	1	sustainable	sustainable	ADJ
fsr-3420	649	2	withdrawal	withdrawal	NOUN
fsr-3420	649	3	rates	rate	NOUN
fsr-3420	649	4	from	from	ADP
fsr-3420	649	5	your	your	PRON
fsr-3420	649	6	retirement	retirement	NOUN
fsr-3420	649	7	portfolio	portfolio	NOUN
fsr-3420	649	8	.	.	PUNCT
fsr-3420	650	1	financial	financial	ADJ
fsr-3420	650	2	counseling	counseling	NOUN
fsr-3420	650	3	and	and	CCONJ
fsr-3420	650	4	planning	planning	NOUN
fsr-3420	650	5	,	,	PUNCT
fsr-3420	650	6	10	10	NUM
fsr-3420	650	7	,	,	PUNCT
fsr-3420	650	8	39	39	NUM
fsr-3420	650	9	-	-	SYM
fsr-3420	650	10	47	47	NUM
fsr-3420	650	11	.	.	PUNCT
fsr-3420	651	1	cooley	cooley	PROPN
fsr-3420	651	2	,	,	PUNCT
fsr-3420	651	3	p.	p.	PROPN
fsr-3420	651	4	l.	l.	PROPN
fsr-3420	651	5	,	,	PUNCT
fsr-3420	651	6	hubbard	hubbard	PROPN
fsr-3420	651	7	,	,	PUNCT
fsr-3420	651	8	c.	c.	PROPN
fsr-3420	651	9	m.	m.	PROPN
fsr-3420	651	10	,	,	PUNCT
fsr-3420	651	11	&	&	CCONJ
fsr-3420	651	12	walz	walz	PROPN
fsr-3420	651	13	,	,	PUNCT
fsr-3420	651	14	d.	d.	PROPN
fsr-3420	651	15	t.	t.	PROPN
fsr-3420	651	16	(	(	PUNCT
fsr-3420	651	17	2003	2003	NUM
fsr-3420	651	18	)	)	PUNCT
fsr-3420	651	19	.	.	PUNCT
fsr-3420	652	1	a	a	DET
fsr-3420	652	2	comparative	comparative	ADJ
fsr-3420	652	3	analysis	analysis	NOUN
fsr-3420	652	4	of	of	ADP
fsr-3420	652	5	retirement	retirement	NOUN
fsr-3420	652	6	portfolio	portfolio	NOUN
fsr-3420	652	7	success	success	NOUN
fsr-3420	652	8	rates	rate	NOUN
fsr-3420	652	9	:	:	PUNCT
fsr-3420	652	10	simulation	simulation	NOUN
fsr-3420	652	11	versus	versus	ADP
fsr-3420	652	12	overlapping	overlap	VERB
fsr-3420	652	13	periods	period	NOUN
fsr-3420	652	14	.	.	PUNCT
fsr-3420	653	1	financial	financial	ADJ
fsr-3420	653	2	services	service	NOUN
fsr-3420	653	3	review	review	PROPN
fsr-3420	653	4	,	,	PUNCT
fsr-3420	653	5	12	12	NUM
fsr-3420	653	6	,	,	PUNCT
fsr-3420	653	7	115	115	NUM
fsr-3420	653	8	-	-	SYM
fsr-3420	653	9	129	129	NUM
fsr-3420	653	10	.	.	PUNCT
fsr-3420	654	1	cooley	cooley	PROPN
fsr-3420	654	2	,	,	PUNCT
fsr-3420	654	3	p.	p.	PROPN
fsr-3420	654	4	l.	l.	PROPN
fsr-3420	654	5	,	,	PUNCT
fsr-3420	654	6	hubbard	hubbard	PROPN
fsr-3420	654	7	,	,	PUNCT
fsr-3420	654	8	c.	c.	PROPN
fsr-3420	654	9	m.	m.	PROPN
fsr-3420	654	10	,	,	PUNCT
fsr-3420	654	11	&	&	CCONJ
fsr-3420	654	12	walz	walz	PROPN
fsr-3420	654	13	,	,	PUNCT
fsr-3420	654	14	d.	d.	PROPN
fsr-3420	654	15	t.	t.	PROPN
fsr-3420	654	16	(	(	PUNCT
fsr-3420	654	17	2011	2011	NUM
fsr-3420	654	18	)	)	PUNCT
fsr-3420	654	19	.	.	PUNCT
fsr-3420	655	1	portfolio	portfolio	NOUN
fsr-3420	655	2	success	success	NOUN
fsr-3420	655	3	rates	rate	NOUN
fsr-3420	655	4	:	:	PUNCT
fsr-3420	655	5	where	where	SCONJ
fsr-3420	655	6	to	to	PART
fsr-3420	655	7	draw	draw	VERB
fsr-3420	655	8	the	the	DET
fsr-3420	655	9	line	line	NOUN
fsr-3420	655	10	.	.	PUNCT
fsr-3420	656	1	journal	journal	NOUN
fsr-3420	656	2	of	of	ADP
fsr-3420	656	3	financial	financial	ADJ
fsr-3420	656	4	planning	planning	NOUN
fsr-3420	656	5	,	,	PUNCT
fsr-3420	656	6	24	24	NUM
fsr-3420	656	7	,	,	PUNCT
fsr-3420	656	8	48	48	NUM
fsr-3420	656	9	-	-	SYM
fsr-3420	656	10	60	60	NUM
fsr-3420	656	11	.	.	PUNCT
fsr-3420	657	1	estrada	estrada	PROPN
fsr-3420	657	2	,	,	PUNCT
fsr-3420	657	3	j.	j.	PROPN
fsr-3420	657	4	(	(	PUNCT
fsr-3420	657	5	2018	2018	NUM
fsr-3420	657	6	)	)	PUNCT
fsr-3420	657	7	.	.	PUNCT
fsr-3420	658	1	maximum	maximum	ADJ
fsr-3420	658	2	withdrawal	withdrawal	NOUN
fsr-3420	658	3	rates	rate	NOUN
fsr-3420	658	4	:	:	PUNCT
fsr-3420	658	5	an	an	DET
fsr-3420	658	6	empirical	empirical	ADJ
fsr-3420	658	7	and	and	CCONJ
fsr-3420	658	8	global	global	ADJ
fsr-3420	658	9	perspective	perspective	NOUN
fsr-3420	658	10	.	.	PUNCT
fsr-3420	659	1	the	the	DET
fsr-3420	659	2	journal	journal	PROPN
fsr-3420	659	3	of	of	ADP
fsr-3420	659	4	retirement	retirement	NOUN
fsr-3420	659	5	,	,	PUNCT
fsr-3420	659	6	5	5	NUM
fsr-3420	659	7	,	,	PUNCT
fsr-3420	659	8	57	57	NUM
fsr-3420	659	9	-	-	SYM
fsr-3420	659	10	71	71	NUM
fsr-3420	659	11	.	.	PUNCT
fsr-3420	660	1	fidelity	fidelity	PROPN
fsr-3420	660	2	investments	investments	PROPN
fsr-3420	660	3	,	,	PUNCT
fsr-3420	660	4	inc	inc	PROPN
fsr-3420	660	5	.	.	PROPN
fsr-3420	660	6	(	(	PUNCT
fsr-3420	660	7	2015	2015	NUM
fsr-3420	660	8	)	)	PUNCT
fsr-3420	660	9	.	.	PUNCT
fsr-3420	661	1	fidelity	fidelity	PROPN
fsr-3420	661	2	income	income	NOUN
fsr-3420	661	3	replacement	replacement	NOUN
fsr-3420	661	4	funds	fund	NOUN
fsr-3420	661	5	:	:	PUNCT
fsr-3420	661	6	at	at	ADP
fsr-3420	661	7	-	-	PUNCT
fsr-3420	661	8	a	a	DET
fsr-3420	661	9	-	-	PUNCT
fsr-3420	661	10	glance	glance	NOUN
fsr-3420	661	11	(	(	PUNCT
fsr-3420	661	12	available	available	ADJ
fsr-3420	661	13	at	at	ADP
fsr-3420	661	14	http://personal	http://personal	PROPN
fsr-3420	661	15	.	.	PUNCT
fsr-3420	662	1	fidelity.com/myfidelity/insidefidelity/newscenter/mediadocs/firf_at_a	fidelity.com/myfidelity/insidefidelity/newscenter/mediadocs/firf_at_a	NOUN
fsr-3420	662	2	_	_	DET
fsr-3420	662	3	glance.pdf	glance.pdf	NOUN
fsr-3420	662	4	)	)	PUNCT
fsr-3420	662	5	.	.	PUNCT
fsr-3420	663	1	frank	frank	PROPN
fsr-3420	663	2	,	,	PUNCT
fsr-3420	663	3	l.	l.	PROPN
fsr-3420	663	4	r.	r.	PROPN
fsr-3420	663	5	,	,	PUNCT
fsr-3420	663	6	mitchell	mitchell	PROPN
fsr-3420	663	7	,	,	PUNCT
fsr-3420	663	8	j.	j.	PROPN
fsr-3420	663	9	b.	b.	PROPN
fsr-3420	663	10	,	,	PUNCT
fsr-3420	663	11	&	&	CCONJ
fsr-3420	663	12	blanchett	blanchett	PROPN
fsr-3420	663	13	,	,	PUNCT
fsr-3420	663	14	d.	d.	PROPN
fsr-3420	663	15	(	(	PUNCT
fsr-3420	663	16	2011	2011	NUM
fsr-3420	663	17	)	)	PUNCT
fsr-3420	663	18	.	.	PUNCT
fsr-3420	664	1	probability	probability	NOUN
fsr-3420	664	2	-	-	PUNCT
fsr-3420	664	3	of	of	ADP
fsr-3420	664	4	-	-	PUNCT
fsr-3420	664	5	failure	failure	NOUN
fsr-3420	664	6	-	-	PUNCT
fsr-3420	664	7	based	base	VERB
fsr-3420	664	8	decision	decision	NOUN
fsr-3420	664	9	rules	rule	NOUN
fsr-3420	664	10	to	to	PART
fsr-3420	664	11	manage	manage	VERB
fsr-3420	664	12	sequence	sequence	NOUN
fsr-3420	664	13	risk	risk	NOUN
fsr-3420	664	14	in	in	ADP
fsr-3420	664	15	retirement	retirement	NOUN
fsr-3420	664	16	.	.	PUNCT
fsr-3420	665	1	journal	journal	PROPN
fsr-3420	665	2	of	of	ADP
fsr-3420	665	3	financial	financial	ADJ
fsr-3420	665	4	planning	planning	NOUN
fsr-3420	665	5	,	,	PUNCT
fsr-3420	665	6	24	24	NUM
fsr-3420	665	7	,	,	PUNCT
fsr-3420	665	8	44	44	NUM
fsr-3420	665	9	-	-	SYM
fsr-3420	665	10	53	53	NUM
fsr-3420	665	11	.	.	PUNCT
fsr-3420	666	1	guyton	guyton	PROPN
fsr-3420	666	2	,	,	PUNCT
fsr-3420	666	3	j.	j.	PROPN
fsr-3420	666	4	t.	t.	PROPN
fsr-3420	666	5	,	,	PUNCT
fsr-3420	666	6	&	&	CCONJ
fsr-3420	666	7	klinger	klinger	PROPN
fsr-3420	666	8	,	,	PUNCT
fsr-3420	666	9	w.	w.	PROPN
fsr-3420	666	10	j.	j.	PROPN
fsr-3420	666	11	(	(	PUNCT
fsr-3420	666	12	2006	2006	NUM
fsr-3420	666	13	)	)	PUNCT
fsr-3420	666	14	.	.	PUNCT
fsr-3420	667	1	decision	decision	NOUN
fsr-3420	667	2	rules	rule	NOUN
fsr-3420	667	3	and	and	CCONJ
fsr-3420	667	4	maximum	maximum	ADJ
fsr-3420	667	5	initial	initial	ADJ
fsr-3420	667	6	withdrawal	withdrawal	NOUN
fsr-3420	667	7	rates	rate	NOUN
fsr-3420	667	8	.	.	PUNCT
fsr-3420	668	1	journal	journal	NOUN
fsr-3420	668	2	of	of	ADP
fsr-3420	668	3	financial	financial	ADJ
fsr-3420	668	4	planning	planning	NOUN
fsr-3420	668	5	,	,	PUNCT
fsr-3420	668	6	19	19	NUM
fsr-3420	668	7	,	,	PUNCT
fsr-3420	668	8	49	49	NUM
fsr-3420	668	9	-	-	SYM
fsr-3420	668	10	57	57	NUM
fsr-3420	668	11	.	.	PUNCT
fsr-3420	669	1	ibbotson	ibbotson	PROPN
fsr-3420	669	2	,	,	PUNCT
fsr-3420	669	3	r.	r.	PROPN
fsr-3420	669	4	g.	g.	PROPN
fsr-3420	669	5	,	,	PUNCT
fsr-3420	669	6	&	&	CCONJ
fsr-3420	669	7	sinquefield	sinquefield	PROPN
fsr-3420	669	8	,	,	PUNCT
fsr-3420	669	9	r.	r.	PROPN
fsr-3420	669	10	a.	a.	PROPN
fsr-3420	669	11	(	(	PUNCT
fsr-3420	669	12	1976	1976	NUM
fsr-3420	669	13	)	)	PUNCT
fsr-3420	669	14	.	.	PUNCT
fsr-3420	670	1	stocks	stock	NOUN
fsr-3420	670	2	,	,	PUNCT
fsr-3420	670	3	bonds	bond	NOUN
fsr-3420	670	4	,	,	PUNCT
fsr-3420	670	5	bills	bill	NOUN
fsr-3420	670	6	,	,	PUNCT
fsr-3420	670	7	and	and	CCONJ
fsr-3420	670	8	inflation	inflation	NOUN
fsr-3420	670	9	:	:	PUNCT
fsr-3420	670	10	year	year	NOUN
fsr-3420	670	11	-	-	PUNCT
fsr-3420	670	12	by	by	ADP
fsr-3420	670	13	-	-	PUNCT
fsr-3420	670	14	year	year	NOUN
fsr-3420	670	15	historical	historical	ADJ
fsr-3420	670	16	returns	return	NOUN
fsr-3420	670	17	(	(	PUNCT
fsr-3420	670	18	1926	1926	NUM
fsr-3420	670	19	-	-	SYM
fsr-3420	670	20	1974	1974	NUM
fsr-3420	670	21	)	)	PUNCT
fsr-3420	670	22	.	.	PUNCT
fsr-3420	671	1	the	the	DET
fsr-3420	671	2	journal	journal	NOUN
fsr-3420	671	3	of	of	ADP
fsr-3420	671	4	business	business	NOUN
fsr-3420	671	5	,	,	PUNCT
fsr-3420	671	6	49	49	NUM
fsr-3420	671	7	,	,	PUNCT
fsr-3420	671	8	11	11	NUM
fsr-3420	671	9	-	-	SYM
fsr-3420	671	10	47	47	NUM
fsr-3420	671	11	.	.	PUNCT
fsr-3420	672	1	ibbotson	ibbotson	PROPN
fsr-3420	672	2	,	,	PUNCT
fsr-3420	672	3	s.	s.	PROPN
fsr-3420	672	4	b.	b.	PROPN
fsr-3420	672	5	b.	b.	PROPN
fsr-3420	672	6	i.	i.	PROPN
fsr-3420	672	7	(	(	PUNCT
fsr-3420	672	8	2015	2015	NUM
fsr-3420	672	9	)	)	PUNCT
fsr-3420	672	10	.	.	PUNCT
fsr-3420	673	1	classic	classic	ADJ
fsr-3420	673	2	yearbook	yearbook	NOUN
fsr-3420	673	3	:	:	PUNCT
fsr-3420	673	4	market	market	NOUN
fsr-3420	673	5	results	result	NOUN
fsr-3420	673	6	for	for	ADP
fsr-3420	673	7	1926	1926	NUM
fsr-3420	673	8	-	-	SYM
fsr-3420	673	9	2014	2014	NUM
fsr-3420	673	10	.	.	PUNCT
fsr-3420	674	1	john	john	PROPN
fsr-3420	674	2	hancock	hancock	PROPN
fsr-3420	674	3	funds	funds	PROPN
fsr-3420	674	4	,	,	PUNCT
fsr-3420	674	5	llc	llc	PROPN
fsr-3420	674	6	.	.	PUNCT
fsr-3420	675	1	(	(	PUNCT
fsr-3420	675	2	2016	2016	NUM
fsr-3420	675	3	)	)	PUNCT
fsr-3420	675	4	.	.	PUNCT
fsr-3420	676	1	asset	asset	NOUN
fsr-3420	676	2	allocation	allocation	NOUN
fsr-3420	676	3	:	:	PUNCT
fsr-3420	676	4	redefining	redefine	VERB
fsr-3420	676	5	diversification	diversification	NOUN
fsr-3420	676	6	in	in	ADP
fsr-3420	676	7	your	your	PRON
fsr-3420	676	8	portfolio	portfolio	NOUN
fsr-3420	676	9	(	(	PUNCT
fsr-3420	676	10	available	available	ADJ
fsr-3420	676	11	at	at	ADP
fsr-3420	676	12	http://www.jhinvestments.com/cms/downloadableitems/educationandguidance/p_piaabr-rl.pdf	http://www.jhinvestments.com/cms/downloadableitems/educationandguidance/p_piaabr-rl.pdf	PROPN
fsr-3420	676	13	)	)	PUNCT
fsr-3420	676	14	.	.	PUNCT
fsr-3420	677	1	mitchell	mitchell	PROPN
fsr-3420	677	2	,	,	PUNCT
fsr-3420	677	3	j.	j.	PROPN
fsr-3420	677	4	b.	b.	PROPN
fsr-3420	677	5	(	(	PUNCT
fsr-3420	677	6	2011	2011	NUM
fsr-3420	677	7	)	)	PUNCT
fsr-3420	677	8	.	.	PUNCT
fsr-3420	678	1	retirement	retirement	NOUN
fsr-3420	678	2	withdrawals	withdrawal	NOUN
fsr-3420	678	3	:	:	PUNCT
fsr-3420	678	4	preventive	preventive	ADJ
fsr-3420	678	5	reductions	reduction	NOUN
fsr-3420	678	6	and	and	CCONJ
fsr-3420	678	7	risk	risk	NOUN
fsr-3420	678	8	management	management	NOUN
fsr-3420	678	9	.	.	PUNCT
fsr-3420	679	1	financial	financial	ADJ
fsr-3420	679	2	services	services	PROPN
fsr-3420	679	3	review	review	PROPN
fsr-3420	679	4	,	,	PUNCT
fsr-3420	679	5	20	20	NUM
fsr-3420	679	6	,	,	PUNCT
fsr-3420	679	7	45	45	NUM
fsr-3420	679	8	-	-	SYM
fsr-3420	679	9	59	59	NUM
fsr-3420	679	10	.	.	PUNCT
fsr-3420	680	1	e.d	e.d	PROPN
fsr-3420	680	2	.	.	PROPN
fsr-3420	680	3	suarez	suarez	PROPN
fsr-3420	680	4	/	/	SYM
fsr-3420	680	5	financial	financial	ADJ
fsr-3420	680	6	services	service	NOUN
fsr-3420	680	7	review	review	VERB
fsr-3420	680	8	28	28	NUM
fsr-3420	680	9	(	(	PUNCT
fsr-3420	680	10	2020	2020	NUM
fsr-3420	680	11	)	)	PUNCT
fsr-3420	681	1	96–132	96–132	PROPN
fsr-3420	681	2	131	131	NUM
fsr-3420	681	3	morningstar	morningstar	PROPN
fsr-3420	681	4	inc	inc	PROPN
fsr-3420	681	5	.	.	PROPN
fsr-3420	681	6	(	(	PUNCT
fsr-3420	681	7	2015	2015	NUM
fsr-3420	681	8	)	)	PUNCT
fsr-3420	681	9	.	.	PUNCT
fsr-3420	682	1	2015	2015	NUM
fsr-3420	682	2	ibbotson	ibbotson	PROPN
fsr-3420	682	3	stocks	stock	NOUN
fsr-3420	682	4	,	,	PUNCT
fsr-3420	682	5	bonds	bond	NOUN
fsr-3420	682	6	,	,	PUNCT
fsr-3420	682	7	bills	bill	NOUN
fsr-3420	682	8	,	,	PUNCT
fsr-3420	682	9	and	and	CCONJ
fsr-3420	682	10	inflation	inflation	NOUN
fsr-3420	682	11	(	(	PUNCT
fsr-3420	682	12	sbbi	sbbi	NOUN
fsr-3420	682	13	)	)	PUNCT
fsr-3420	682	14	classic	classic	ADJ
fsr-3420	682	15	yearbook	yearbook	NOUN
fsr-3420	682	16	.	.	PUNCT
fsr-3420	683	1	chicago	chicago	PROPN
fsr-3420	683	2	,	,	PUNCT
fsr-3420	683	3	il	il	PROPN
fsr-3420	683	4	:	:	PROPN
fsr-3420	683	5	morningstar	morningstar	PROPN
fsr-3420	683	6	inc	inc	PROPN
fsr-3420	683	7	.	.	PROPN
fsr-3420	683	8	pye	pye	PROPN
fsr-3420	683	9	,	,	PUNCT
fsr-3420	683	10	g.	g.	PROPN
fsr-3420	683	11	b.	b.	PROPN
fsr-3420	683	12	(	(	PUNCT
fsr-3420	683	13	2000	2000	NUM
fsr-3420	683	14	)	)	PUNCT
fsr-3420	683	15	.	.	PUNCT
fsr-3420	684	1	sustainable	sustainable	ADJ
fsr-3420	684	2	investment	investment	NOUN
fsr-3420	684	3	withdrawals	withdrawal	NOUN
fsr-3420	684	4	.	.	PUNCT
fsr-3420	685	1	the	the	DET
fsr-3420	685	2	journal	journal	PROPN
fsr-3420	685	3	of	of	ADP
fsr-3420	685	4	portfolio	portfolio	NOUN
fsr-3420	685	5	management	management	NOUN
fsr-3420	685	6	,	,	PUNCT
fsr-3420	685	7	26	26	NUM
fsr-3420	685	8	,	,	PUNCT
fsr-3420	685	9	73	73	NUM
fsr-3420	685	10	-	-	SYM
fsr-3420	685	11	83	83	NUM
fsr-3420	685	12	.	.	PUNCT
fsr-3420	685	13	social	social	ADJ
fsr-3420	685	14	security	security	NOUN
fsr-3420	685	15	administration	administration	NOUN
fsr-3420	685	16	.	.	PUNCT
fsr-3420	686	1	(	(	PUNCT
fsr-3420	686	2	2016	2016	NUM
fsr-3420	686	3	)	)	PUNCT
fsr-3420	686	4	.	.	PUNCT
fsr-3420	687	1	calculators	calculator	NOUN
fsr-3420	687	2	:	:	PUNCT
fsr-3420	687	3	life	life	NOUN
fsr-3420	687	4	expectancy	expectancy	NOUN
fsr-3420	687	5	(	(	PUNCT
fsr-3420	687	6	available	available	ADJ
fsr-3420	687	7	at	at	ADP
fsr-3420	687	8	https://www.ssa.gov/planners/	https://www.ssa.gov/planners/	NOUN
fsr-3420	687	9	lifeexpectancy.html	lifeexpectancy.html	NOUN
fsr-3420	687	10	)	)	PUNCT
fsr-3420	687	11	.	.	PUNCT
fsr-3420	688	1	spitzer	spitzer	PROPN
fsr-3420	688	2	,	,	PUNCT
fsr-3420	688	3	j.	j.	PROPN
fsr-3420	688	4	j.	j.	PROPN
fsr-3420	688	5	(	(	PUNCT
fsr-3420	688	6	2008	2008	NUM
fsr-3420	688	7	)	)	PUNCT
fsr-3420	688	8	.	.	PUNCT
fsr-3420	689	1	retirement	retirement	NOUN
fsr-3420	689	2	withdrawals	withdrawal	NOUN
fsr-3420	689	3	:	:	PUNCT
fsr-3420	689	4	an	an	DET
fsr-3420	689	5	analysis	analysis	NOUN
fsr-3420	689	6	of	of	ADP
fsr-3420	689	7	the	the	DET
fsr-3420	689	8	benefits	benefit	NOUN
fsr-3420	689	9	of	of	ADP
fsr-3420	689	10	periodic	periodic	ADJ
fsr-3420	689	11	‘	'	PUNCT
fsr-3420	689	12	midcourse	midcourse	NOUN
fsr-3420	689	13	’	'	PUNCT
fsr-3420	689	14	adjustments	adjustment	NOUN
fsr-3420	689	15	.	.	PUNCT
fsr-3420	690	1	financial	financial	ADJ
fsr-3420	690	2	services	service	NOUN
fsr-3420	690	3	review	review	PROPN
fsr-3420	690	4	,	,	PUNCT
fsr-3420	690	5	17	17	NUM
fsr-3420	690	6	,	,	PUNCT
fsr-3420	690	7	17	17	NUM
fsr-3420	690	8	-	-	SYM
fsr-3420	690	9	29	29	NUM
fsr-3420	690	10	.	.	PUNCT
fsr-3420	691	1	stout	stout	PROPN
fsr-3420	691	2	,	,	PUNCT
fsr-3420	691	3	r.	r.	PROPN
fsr-3420	691	4	g.	g.	PROPN
fsr-3420	691	5	(	(	PUNCT
fsr-3420	691	6	2008	2008	NUM
fsr-3420	691	7	)	)	PUNCT
fsr-3420	691	8	.	.	PUNCT
fsr-3420	692	1	stochastic	stochastic	ADJ
fsr-3420	692	2	optimization	optimization	NOUN
fsr-3420	692	3	of	of	ADP
fsr-3420	692	4	retirement	retirement	NOUN
fsr-3420	692	5	portfolio	portfolio	NOUN
fsr-3420	692	6	asset	asset	NOUN
fsr-3420	692	7	allocations	allocation	NOUN
fsr-3420	692	8	and	and	CCONJ
fsr-3420	692	9	withdrawals	withdrawal	NOUN
fsr-3420	692	10	.	.	PUNCT
fsr-3420	693	1	financial	financial	ADJ
fsr-3420	693	2	services	service	NOUN
fsr-3420	693	3	review	review	PROPN
fsr-3420	693	4	,	,	PUNCT
fsr-3420	693	5	17	17	NUM
fsr-3420	693	6	,	,	PUNCT
fsr-3420	693	7	1	1	NUM
fsr-3420	693	8	-	-	SYM
fsr-3420	693	9	15	15	NUM
fsr-3420	693	10	.	.	PUNCT
fsr-3420	694	1	stout	stout	PROPN
fsr-3420	694	2	,	,	PUNCT
fsr-3420	694	3	r.	r.	PROPN
fsr-3420	694	4	g.	g.	PROPN
fsr-3420	694	5	,	,	PUNCT
fsr-3420	694	6	&	&	CCONJ
fsr-3420	694	7	mitchell	mitchell	PROPN
fsr-3420	694	8	,	,	PUNCT
fsr-3420	694	9	j.	j.	PROPN
fsr-3420	694	10	b.	b.	PROPN
fsr-3420	694	11	(	(	PUNCT
fsr-3420	694	12	2006	2006	NUM
fsr-3420	694	13	)	)	PUNCT
fsr-3420	694	14	.	.	PUNCT
fsr-3420	695	1	dynamic	dynamic	ADJ
fsr-3420	695	2	retirement	retirement	NOUN
fsr-3420	695	3	withdrawal	withdrawal	NOUN
fsr-3420	695	4	planning	planning	NOUN
fsr-3420	695	5	.	.	PUNCT
fsr-3420	696	1	financial	financial	ADJ
fsr-3420	696	2	services	service	NOUN
fsr-3420	696	3	review	review	PROPN
fsr-3420	696	4	,	,	PUNCT
fsr-3420	696	5	15	15	NUM
fsr-3420	696	6	,	,	PUNCT
fsr-3420	696	7	117	117	NUM
fsr-3420	696	8	-	-	SYM
fsr-3420	696	9	131	131	NUM
fsr-3420	696	10	.	.	PUNCT
fsr-3420	697	1	suarez	suarez	PROPN
fsr-3420	697	2	,	,	PUNCT
fsr-3420	697	3	e.	e.	PROPN
fsr-3420	697	4	d.	d.	PROPN
fsr-3420	697	5	,	,	PUNCT
fsr-3420	697	6	suarez	suarez	PROPN
fsr-3420	697	7	,	,	PUNCT
fsr-3420	697	8	a.	a.	PROPN
fsr-3420	697	9	,	,	PUNCT
fsr-3420	697	10	&	&	CCONJ
fsr-3420	697	11	walz	walz	PROPN
fsr-3420	697	12	,	,	PUNCT
fsr-3420	697	13	d.	d.	PROPN
fsr-3420	697	14	t.	t.	PROPN
fsr-3420	697	15	(	(	PUNCT
fsr-3420	697	16	2015	2015	NUM
fsr-3420	697	17	)	)	PUNCT
fsr-3420	697	18	.	.	PUNCT
fsr-3420	698	1	the	the	DET
fsr-3420	698	2	perfect	perfect	ADJ
fsr-3420	698	3	withdrawal	withdrawal	NOUN
fsr-3420	698	4	amount	amount	NOUN
fsr-3420	698	5	:	:	PUNCT
fsr-3420	698	6	a	a	DET
fsr-3420	698	7	methodology	methodology	NOUN
fsr-3420	698	8	for	for	ADP
fsr-3420	698	9	creating	create	VERB
fsr-3420	698	10	retirement	retirement	NOUN
fsr-3420	698	11	account	account	NOUN
fsr-3420	698	12	distribution	distribution	NOUN
fsr-3420	698	13	strategies	strategy	NOUN
fsr-3420	698	14	.	.	PUNCT
fsr-3420	699	1	financial	financial	ADJ
fsr-3420	699	2	services	service	NOUN
fsr-3420	699	3	review	review	PROPN
fsr-3420	699	4	,	,	PUNCT
fsr-3420	699	5	24	24	NUM
fsr-3420	699	6	,	,	PUNCT
fsr-3420	699	7	331	331	NUM
fsr-3420	699	8	-	-	SYM
fsr-3420	699	9	357	357	NUM
fsr-3420	699	10	.	.	PUNCT
fsr-3420	700	1	the	the	DET
fsr-3420	700	2	vanguard	vanguard	PROPN
fsr-3420	700	3	group	group	PROPN
fsr-3420	700	4	,	,	PUNCT
fsr-3420	700	5	inc	inc	PROPN
fsr-3420	700	6	.	.	PROPN
fsr-3420	700	7	(	(	PUNCT
fsr-3420	700	8	2016	2016	NUM
fsr-3420	700	9	)	)	PUNCT
fsr-3420	700	10	.	.	PUNCT
fsr-3420	701	1	vanguard	vanguard	PROPN
fsr-3420	701	2	managed	manage	VERB
fsr-3420	701	3	payout	payout	NOUN
fsr-3420	701	4	fund	fund	NOUN
fsr-3420	701	5	(	(	PUNCT
fsr-3420	701	6	available	available	ADJ
fsr-3420	701	7	at	at	ADP
fsr-3420	701	8	https://personal.vanguard.com/	https://personal.vanguard.com/	PROPN
fsr-3420	701	9	us	us	PROPN
fsr-3420	701	10	/	/	SYM
fsr-3420	701	11	funds	fund	NOUN
fsr-3420	701	12	/	/	SYM
fsr-3420	701	13	snapshot?fundid=1498&fundintext=	snapshot?fundid=1498&fundintext=	PROPN
fsr-3420	701	14	int	int	PROPN
fsr-3420	701	15	)	)	PUNCT
fsr-3420	701	16	.	.	PUNCT
fsr-3420	702	1	waggle	waggle	PROPN
fsr-3420	702	2	,	,	PUNCT
fsr-3420	702	3	d.	d.	PROPN
fsr-3420	702	4	,	,	PUNCT
fsr-3420	702	5	&	&	CCONJ
fsr-3420	702	6	englis	englis	PROPN
fsr-3420	702	7	,	,	PUNCT
fsr-3420	702	8	b.	b.	PROPN
fsr-3420	702	9	(	(	PUNCT
fsr-3420	702	10	2000	2000	NUM
fsr-3420	702	11	)	)	PUNCT
fsr-3420	702	12	.	.	PUNCT
fsr-3420	703	1	asset	asset	NOUN
fsr-3420	703	2	allocation	allocation	NOUN
fsr-3420	703	3	decisions	decision	NOUN
fsr-3420	703	4	in	in	ADP
fsr-3420	703	5	retirement	retirement	NOUN
fsr-3420	703	6	accounts	account	NOUN
fsr-3420	703	7	:	:	PUNCT
fsr-3420	703	8	an	an	DET
fsr-3420	703	9	all	all	ADV
fsr-3420	703	10	-	-	PUNCT
fsr-3420	703	11	or	or	CCONJ
fsr-3420	703	12	-	-	PUNCT
fsr-3420	703	13	nothing	nothing	PRON
fsr-3420	703	14	proposition	proposition	NOUN
fsr-3420	703	15	?	?	PUNCT
fsr-3420	703	16	.	.	PUNCT
fsr-3420	704	1	financial	financial	ADJ
fsr-3420	704	2	services	service	NOUN
fsr-3420	704	3	review	review	NOUN
fsr-3420	704	4	,	,	PUNCT
fsr-3420	704	5	9	9	NUM
fsr-3420	704	6	,	,	PUNCT
fsr-3420	704	7	79	79	NUM
fsr-3420	704	8	-	-	SYM
fsr-3420	704	9	92	92	NUM
fsr-3420	704	10	.	.	PUNCT
fsr-3420	705	1	waring	waring	NOUN
fsr-3420	705	2	,	,	PUNCT
fsr-3420	705	3	m.	m.	PROPN
fsr-3420	705	4	b.	b.	PROPN
fsr-3420	705	5	,	,	PUNCT
fsr-3420	705	6	&	&	CCONJ
fsr-3420	705	7	siegel	siegel	PROPN
fsr-3420	705	8	,	,	PUNCT
fsr-3420	705	9	l.	l.	PROPN
fsr-3420	705	10	b.	b.	PROPN
fsr-3420	705	11	(	(	PUNCT
fsr-3420	705	12	2015	2015	NUM
fsr-3420	705	13	)	)	PUNCT
fsr-3420	705	14	.	.	PUNCT
fsr-3420	706	1	the	the	DET
fsr-3420	706	2	only	only	ADJ
fsr-3420	706	3	spending	spending	NOUN
fsr-3420	706	4	rule	rule	NOUN
fsr-3420	706	5	article	article	NOUN
fsr-3420	706	6	you	you	PRON
fsr-3420	706	7	will	will	AUX
fsr-3420	706	8	ever	ever	ADV
fsr-3420	706	9	need	need	VERB
fsr-3420	706	10	.	.	PUNCT
fsr-3420	707	1	financial	financial	ADJ
fsr-3420	707	2	analysts	analyst	NOUN
fsr-3420	707	3	journal	journal	NOUN
fsr-3420	707	4	,	,	PUNCT
fsr-3420	707	5	71	71	NUM
fsr-3420	707	6	,	,	PUNCT
fsr-3420	707	7	91	91	NUM
fsr-3420	707	8	-	-	SYM
fsr-3420	707	9	107	107	NUM
fsr-3420	707	10	.	.	PUNCT
fsr-3420	708	1	zolt	zolt	PROPN
fsr-3420	708	2	,	,	PUNCT
fsr-3420	708	3	d.	d.	PROPN
fsr-3420	708	4	m.	m.	PROPN
fsr-3420	708	5	(	(	PUNCT
fsr-3420	708	6	2013	2013	NUM
fsr-3420	708	7	)	)	PUNCT
fsr-3420	708	8	.	.	PUNCT
fsr-3420	709	1	achieving	achieve	VERB
fsr-3420	709	2	a	a	DET
fsr-3420	709	3	higher	high	ADJ
fsr-3420	709	4	safe	safe	ADJ
fsr-3420	709	5	withdrawal	withdrawal	NOUN
fsr-3420	709	6	rate	rate	NOUN
fsr-3420	709	7	with	with	ADP
fsr-3420	709	8	the	the	DET
fsr-3420	709	9	target	target	NOUN
fsr-3420	709	10	percentage	percentage	NOUN
fsr-3420	709	11	adjustment	adjustment	NOUN
fsr-3420	709	12	.	.	PUNCT
fsr-3420	710	1	journal	journal	NOUN
fsr-3420	710	2	of	of	ADP
fsr-3420	710	3	financial	financial	ADJ
fsr-3420	710	4	planning	planning	NOUN
fsr-3420	710	5	,	,	PUNCT
fsr-3420	710	6	26	26	NUM
fsr-3420	710	7	,	,	PUNCT
fsr-3420	710	8	51	51	NUM
fsr-3420	710	9	-	-	SYM
fsr-3420	710	10	59	59	NUM
fsr-3420	710	11	.	.	PUNCT
fsr-3420	711	1	132	132	NUM
fsr-3420	711	2	e.d	e.d	PROPN
fsr-3420	711	3	.	.	PROPN
fsr-3420	711	4	suarez	suarez	PROPN
fsr-3420	711	5	/	/	SYM
fsr-3420	711	6	financial	financial	ADJ
fsr-3420	711	7	services	service	NOUN
fsr-3420	711	8	review	review	VERB
fsr-3420	711	9	28	28	NUM
fsr-3420	711	10	(	(	PUNCT
fsr-3420	711	11	2020	2020	NUM
fsr-3420	711	12	)	)	PUNCT
fsr-3420	712	1	96–132	96–132	NUM