id	sid	tid	token	lemma	pos
fsr-3478	1	1	your	your	PRON
fsr-3478	1	2	mileage	mileage	NOUN
fsr-3478	1	3	may	may	AUX
fsr-3478	1	4	vary	vary	VERB
fsr-3478	1	5	manoj	manoj	PROPN
fsr-3478	1	6	athavalea	athavalea	NOUN
fsr-3478	1	7	*	*	PROPN
fsr-3478	1	8	,	,	PUNCT
fsr-3478	1	9	stephen	stephen	PROPN
fsr-3478	1	10	avilaa	avilaa	PROPN
fsr-3478	1	11	,	,	PUNCT
fsr-3478	1	12	joseph	joseph	PROPN
fsr-3478	1	13	goebela	goebela	PROPN
fsr-3478	1	14	adepartment	adepartment	NOUN
fsr-3478	1	15	of	of	ADP
fsr-3478	1	16	finance	finance	NOUN
fsr-3478	1	17	and	and	CCONJ
fsr-3478	1	18	insurance	insurance	NOUN
fsr-3478	1	19	,	,	PUNCT
fsr-3478	1	20	ball	ball	NOUN
fsr-3478	1	21	state	state	PROPN
fsr-3478	1	22	university	university	PROPN
fsr-3478	1	23	,	,	PUNCT
fsr-3478	1	24	2000	2000	NUM
fsr-3478	1	25	west	west	PROPN
fsr-3478	1	26	university	university	PROPN
fsr-3478	1	27	avenue	avenue	PROPN
fsr-3478	1	28	,	,	PUNCT
fsr-3478	1	29	muncie	muncie	PROPN
fsr-3478	1	30	,	,	PUNCT
fsr-3478	1	31	in	in	ADP
fsr-3478	1	32	47306	47306	NUM
fsr-3478	1	33	,	,	PUNCT
fsr-3478	1	34	usa	usa	PROPN
fsr-3478	1	35	abstract	abstract	PROPN
fsr-3478	1	36	the	the	DET
fsr-3478	1	37	traditional	traditional	ADJ
fsr-3478	1	38	model	model	NOUN
fsr-3478	1	39	of	of	ADP
fsr-3478	1	40	retirement	retirement	NOUN
fsr-3478	1	41	planning	planning	NOUN
fsr-3478	1	42	centers	center	NOUN
fsr-3478	1	43	around	around	ADP
fsr-3478	1	44	the	the	DET
fsr-3478	1	45	accumulation	accumulation	NOUN
fsr-3478	1	46	of	of	ADP
fsr-3478	1	47	a	a	DET
fsr-3478	1	48	portfolio	portfolio	NOUN
fsr-3478	1	49	during	during	ADP
fsr-3478	1	50	the	the	DET
fsr-3478	1	51	earning	earning	NOUN
fsr-3478	1	52	years	year	NOUN
fsr-3478	1	53	followed	follow	VERB
fsr-3478	1	54	by	by	ADP
fsr-3478	1	55	a	a	DET
fsr-3478	1	56	drawdown	drawdown	NOUN
fsr-3478	1	57	from	from	ADP
fsr-3478	1	58	this	this	DET
fsr-3478	1	59	portfolio	portfolio	NOUN
fsr-3478	1	60	after	after	ADP
fsr-3478	1	61	retirement	retirement	NOUN
fsr-3478	1	62	.	.	PUNCT
fsr-3478	2	1	this	this	DET
fsr-3478	2	2	drawdown	drawdown	NOUN
fsr-3478	2	3	is	be	AUX
fsr-3478	2	4	intended	intend	VERB
fsr-3478	2	5	to	to	PART
fsr-3478	2	6	support	support	VERB
fsr-3478	2	7	a	a	DET
fsr-3478	2	8	desired	desire	VERB
fsr-3478	2	9	retirement	retirement	NOUN
fsr-3478	2	10	lifestyle	lifestyle	NOUN
fsr-3478	2	11	,	,	PUNCT
fsr-3478	2	12	and	and	CCONJ
fsr-3478	2	13	central	central	ADJ
fsr-3478	2	14	to	to	ADP
fsr-3478	2	15	a	a	DET
fsr-3478	2	16	successful	successful	ADJ
fsr-3478	2	17	retirement	retirement	NOUN
fsr-3478	2	18	is	be	AUX
fsr-3478	2	19	the	the	DET
fsr-3478	2	20	sustainability	sustainability	NOUN
fsr-3478	2	21	of	of	ADP
fsr-3478	2	22	the	the	DET
fsr-3478	2	23	retirement	retirement	NOUN
fsr-3478	2	24	portfolio	portfolio	NOUN
fsr-3478	2	25	over	over	ADP
fsr-3478	2	26	the	the	DET
fsr-3478	2	27	expected	expect	VERB
fsr-3478	2	28	planning	planning	NOUN
fsr-3478	2	29	horizon	horizon	NOUN
fsr-3478	2	30	.	.	PUNCT
fsr-3478	3	1	we	we	PRON
fsr-3478	3	2	define	define	VERB
fsr-3478	3	3	portfolio	portfolio	NOUN
fsr-3478	3	4	success	success	NOUN
fsr-3478	3	5	to	to	PART
fsr-3478	3	6	mean	mean	VERB
fsr-3478	3	7	the	the	DET
fsr-3478	3	8	ability	ability	NOUN
fsr-3478	3	9	of	of	ADP
fsr-3478	3	10	the	the	DET
fsr-3478	3	11	retirement	retirement	NOUN
fsr-3478	3	12	portfolio	portfolio	NOUN
fsr-3478	3	13	to	to	PART
fsr-3478	3	14	sustain	sustain	VERB
fsr-3478	3	15	a	a	DET
fsr-3478	3	16	desired	desire	VERB
fsr-3478	3	17	retirement	retirement	NOUN
fsr-3478	3	18	lifestyle	lifestyle	NOUN
fsr-3478	3	19	over	over	ADP
fsr-3478	3	20	the	the	DET
fsr-3478	3	21	desired	desire	VERB
fsr-3478	3	22	planning	planning	NOUN
fsr-3478	3	23	horizon	horizon	NOUN
fsr-3478	3	24	,	,	PUNCT
fsr-3478	3	25	and	and	CCONJ
fsr-3478	3	26	use	use	VERB
fsr-3478	3	27	simulations	simulation	NOUN
fsr-3478	3	28	and	and	CCONJ
fsr-3478	3	29	logistic	logistic	ADJ
fsr-3478	3	30	regressions	regression	NOUN
fsr-3478	3	31	to	to	PART
fsr-3478	3	32	evaluate	evaluate	VERB
fsr-3478	3	33	the	the	DET
fsr-3478	3	34	impact	impact	NOUN
fsr-3478	3	35	of	of	ADP
fsr-3478	3	36	asset	asset	NOUN
fsr-3478	3	37	allocation	allocation	NOUN
fsr-3478	3	38	,	,	PUNCT
fsr-3478	3	39	the	the	DET
fsr-3478	3	40	profile	profile	NOUN
fsr-3478	3	41	of	of	ADP
fsr-3478	3	42	portfolio	portfolio	NOUN
fsr-3478	3	43	returns	return	NOUN
fsr-3478	3	44	,	,	PUNCT
fsr-3478	3	45	the	the	DET
fsr-3478	3	46	withdrawal	withdrawal	NOUN
fsr-3478	3	47	rate	rate	NOUN
fsr-3478	3	48	,	,	PUNCT
fsr-3478	3	49	and	and	CCONJ
fsr-3478	3	50	the	the	DET
fsr-3478	3	51	length	length	NOUN
fsr-3478	3	52	of	of	ADP
fsr-3478	3	53	the	the	DET
fsr-3478	3	54	planning	planning	NOUN
fsr-3478	3	55	horizon	horizon	NOUN
fsr-3478	3	56	on	on	ADP
fsr-3478	3	57	portfolio	portfolio	NOUN
fsr-3478	3	58	success	success	NOUN
fsr-3478	3	59	.	.	PUNCT
fsr-3478	4	1	our	our	PRON
fsr-3478	4	2	analysis	analysis	NOUN
fsr-3478	4	3	shows	show	VERB
fsr-3478	4	4	that	that	SCONJ
fsr-3478	4	5	the	the	DET
fsr-3478	4	6	likelihood	likelihood	NOUN
fsr-3478	4	7	of	of	ADP
fsr-3478	4	8	success	success	NOUN
fsr-3478	4	9	is	be	AUX
fsr-3478	4	10	inversely	inversely	ADV
fsr-3478	4	11	related	relate	VERB
fsr-3478	4	12	to	to	ADP
fsr-3478	4	13	withdrawal	withdrawal	NOUN
fsr-3478	4	14	rate	rate	NOUN
fsr-3478	4	15	,	,	PUNCT
fsr-3478	4	16	retirement	retirement	NOUN
fsr-3478	4	17	horizon	horizon	NOUN
fsr-3478	4	18	,	,	PUNCT
fsr-3478	4	19	and	and	CCONJ
fsr-3478	4	20	portfolio	portfolio	NOUN
fsr-3478	4	21	risk	risk	NOUN
fsr-3478	4	22	increase	increase	NOUN
fsr-3478	4	23	,	,	PUNCT
fsr-3478	4	24	and	and	CCONJ
fsr-3478	4	25	directly	directly	ADV
fsr-3478	4	26	related	relate	VERB
fsr-3478	4	27	to	to	ADP
fsr-3478	4	28	portfolio	portfolio	NOUN
fsr-3478	4	29	return	return	NOUN
fsr-3478	4	30	,	,	PUNCT
fsr-3478	4	31	allocation	allocation	NOUN
fsr-3478	4	32	aggressiveness	aggressiveness	NOUN
fsr-3478	4	33	,	,	PUNCT
fsr-3478	4	34	and	and	CCONJ
fsr-3478	4	35	early	early	ADJ
fsr-3478	4	36	experience	experience	NOUN
fsr-3478	4	37	.	.	PUNCT
fsr-3478	5	1	the	the	DET
fsr-3478	5	2	analysis	analysis	NOUN
fsr-3478	5	3	also	also	ADV
fsr-3478	5	4	indicates	indicate	VERB
fsr-3478	5	5	that	that	SCONJ
fsr-3478	5	6	portfolio	portfolio	NOUN
fsr-3478	5	7	success	success	NOUN
fsr-3478	5	8	is	be	AUX
fsr-3478	5	9	highly	highly	ADV
fsr-3478	5	10	sensitive	sensitive	ADJ
fsr-3478	5	11	to	to	ADP
fsr-3478	5	12	withdrawal	withdrawal	NOUN
fsr-3478	5	13	rates	rate	NOUN
fsr-3478	5	14	,	,	PUNCT
fsr-3478	5	15	with	with	ADP
fsr-3478	5	16	conservative	conservative	ADJ
fsr-3478	5	17	allocations	allocation	NOUN
fsr-3478	5	18	exhibiting	exhibit	VERB
fsr-3478	5	19	greater	great	ADJ
fsr-3478	5	20	variation	variation	NOUN
fsr-3478	5	21	in	in	ADP
fsr-3478	5	22	portfolio	portfolio	NOUN
fsr-3478	5	23	outcomes	outcome	NOUN
fsr-3478	5	24	and	and	CCONJ
fsr-3478	5	25	aggressive	aggressive	ADJ
fsr-3478	5	26	allocations	allocation	NOUN
fsr-3478	5	27	providing	provide	VERB
fsr-3478	5	28	more	more	ADV
fsr-3478	5	29	dependable	dependable	ADJ
fsr-3478	5	30	portfolio	portfolio	NOUN
fsr-3478	5	31	outcomes	outcome	NOUN
fsr-3478	5	32	for	for	ADP
fsr-3478	5	33	retirees	retiree	NOUN
fsr-3478	5	34	who	who	PRON
fsr-3478	5	35	desire	desire	VERB
fsr-3478	5	36	higher	high	ADJ
fsr-3478	5	37	withdrawal	withdrawal	NOUN
fsr-3478	5	38	rates	rate	NOUN
fsr-3478	5	39	.	.	PUNCT
fsr-3478	6	1	©	©	ADP
fsr-3478	6	2	2022	2022	NUM
fsr-3478	6	3	academy	academy	NOUN
fsr-3478	6	4	of	of	ADP
fsr-3478	6	5	financial	financial	ADJ
fsr-3478	6	6	services	service	NOUN
fsr-3478	6	7	.	.	PUNCT
fsr-3478	7	1	all	all	DET
fsr-3478	7	2	rights	right	NOUN
fsr-3478	7	3	reserved	reserve	VERB
fsr-3478	7	4	.	.	PUNCT
fsr-3478	8	1	jel	jel	PROPN
fsr-3478	8	2	classifications	classification	NOUN
fsr-3478	8	3	:	:	PUNCT
fsr-3478	8	4	g51	g51	ADJ
fsr-3478	8	5	;	;	PUNCT
fsr-3478	8	6	g53	g53	PROPN
fsr-3478	8	7	keywords	keyword	NOUN
fsr-3478	8	8	:	:	PUNCT
fsr-3478	8	9	retirement	retirement	NOUN
fsr-3478	8	10	planning	planning	NOUN
fsr-3478	8	11	;	;	PUNCT
fsr-3478	8	12	portfolio	portfolio	NOUN
fsr-3478	8	13	success	success	NOUN
fsr-3478	8	14	;	;	PUNCT
fsr-3478	8	15	retirement	retirement	NOUN
fsr-3478	8	16	income	income	NOUN
fsr-3478	8	17	;	;	PUNCT
fsr-3478	8	18	withdrawal	withdrawal	NOUN
fsr-3478	8	19	rate	rate	NOUN
fsr-3478	8	20	;	;	PUNCT
fsr-3478	8	21	sequence	sequence	NOUN
fsr-3478	8	22	risk	risk	NOUN
fsr-3478	8	23	1	1	NUM
fsr-3478	8	24	.	.	PUNCT
fsr-3478	9	1	introduction	introduction	NOUN
fsr-3478	9	2	in	in	ADP
fsr-3478	9	3	the	the	DET
fsr-3478	9	4	process	process	NOUN
fsr-3478	9	5	of	of	ADP
fsr-3478	9	6	building	build	VERB
fsr-3478	9	7	wealth	wealth	NOUN
fsr-3478	9	8	and	and	CCONJ
fsr-3478	9	9	trying	try	VERB
fsr-3478	9	10	to	to	PART
fsr-3478	9	11	ensure	ensure	VERB
fsr-3478	9	12	a	a	DET
fsr-3478	9	13	financially	financially	ADV
fsr-3478	9	14	secure	secure	ADJ
fsr-3478	9	15	retirement	retirement	NOUN
fsr-3478	9	16	,	,	PUNCT
fsr-3478	9	17	individuals	individual	NOUN
fsr-3478	9	18	typically	typically	ADV
fsr-3478	9	19	go	go	VERB
fsr-3478	9	20	through	through	ADP
fsr-3478	9	21	two	two	NUM
fsr-3478	9	22	distinct	distinct	ADJ
fsr-3478	9	23	phases	phase	NOUN
fsr-3478	9	24	:	:	PUNCT
fsr-3478	9	25	an	an	DET
fsr-3478	9	26	accumulation	accumulation	NOUN
fsr-3478	9	27	phase	phase	NOUN
fsr-3478	9	28	over	over	ADP
fsr-3478	9	29	the	the	DET
fsr-3478	9	30	course	course	NOUN
fsr-3478	9	31	of	of	ADP
fsr-3478	9	32	their	their	PRON
fsr-3478	9	33	career	career	NOUN
fsr-3478	9	34	,	,	PUNCT
fsr-3478	9	35	and	and	CCONJ
fsr-3478	9	36	a	a	DET
fsr-3478	9	37	postretirement	postretirement	NOUN
fsr-3478	9	38	drawdown	drawdown	NOUN
fsr-3478	9	39	or	or	CCONJ
fsr-3478	9	40	withdrawal	withdrawal	NOUN
fsr-3478	9	41	phase	phase	NOUN
fsr-3478	9	42	.	.	PUNCT
fsr-3478	10	1	these	these	DET
fsr-3478	10	2	withdrawals	withdrawal	NOUN
fsr-3478	10	3	from	from	ADP
fsr-3478	10	4	*	*	PUNCT
fsr-3478	10	5	corresponding	correspond	VERB
fsr-3478	10	6	author	author	NOUN
fsr-3478	10	7	:	:	PUNCT
fsr-3478	10	8	tel	tel	PROPN
fsr-3478	10	9	.	.	PUNCT
fsr-3478	10	10	:	:	PUNCT
fsr-3478	11	1	+1	+1	PROPN
fsr-3478	11	2	-	-	PROPN
fsr-3478	11	3	765	765	NUM
fsr-3478	11	4	-	-	PUNCT
fsr-3478	11	5	285	285	NUM
fsr-3478	11	6	-	-	PUNCT
fsr-3478	11	7	5200	5200	NUM
fsr-3478	11	8	;	;	PUNCT
fsr-3478	11	9	fax	fax	NOUN
fsr-3478	11	10	:	:	PUNCT
fsr-3478	11	11	+1	+1	PROPN
fsr-3478	11	12	-	-	PROPN
fsr-3478	11	13	765	765	NUM
fsr-3478	11	14	-	-	PUNCT
fsr-3478	11	15	285	285	NUM
fsr-3478	11	16	-	-	PUNCT
fsr-3478	11	17	4314	4314	NUM
fsr-3478	11	18	.	.	PUNCT
fsr-3478	12	1	e	e	X
fsr-3478	12	2	-	-	NOUN
fsr-3478	12	3	mail	mail	NOUN
fsr-3478	12	4	address	address	NOUN
fsr-3478	12	5	:	:	PUNCT
fsr-3478	12	6	athavale@bsu.edu	athavale@bsu.edu	PROPN
fsr-3478	12	7	1057	1057	NUM
fsr-3478	12	8	-	-	SYM
fsr-3478	12	9	0810/22/$	0810/22/$	NUM
fsr-3478	12	10	–	–	PUNCT
fsr-3478	12	11	see	see	VERB
fsr-3478	12	12	front	front	ADJ
fsr-3478	12	13	matter	matter	NOUN
fsr-3478	12	14	©	©	PROPN
fsr-3478	12	15	2022	2022	NUM
fsr-3478	12	16	academy	academy	NOUN
fsr-3478	12	17	of	of	ADP
fsr-3478	12	18	financial	financial	ADJ
fsr-3478	12	19	services	service	NOUN
fsr-3478	12	20	.	.	PUNCT
fsr-3478	13	1	all	all	DET
fsr-3478	13	2	rights	right	NOUN
fsr-3478	13	3	reserved	reserve	VERB
fsr-3478	13	4	.	.	PUNCT
fsr-3478	14	1	financial	financial	ADJ
fsr-3478	14	2	services	service	NOUN
fsr-3478	14	3	review	review	VERB
fsr-3478	14	4	30	30	NUM
fsr-3478	14	5	(	(	PUNCT
fsr-3478	14	6	2022	2022	NUM
fsr-3478	14	7	)	)	PUNCT
fsr-3478	15	1	125–143	125–143	NOUN
fsr-3478	15	2	the	the	DET
fsr-3478	15	3	accumulated	accumulate	VERB
fsr-3478	15	4	retirement	retirement	NOUN
fsr-3478	15	5	portfolio	portfolio	NOUN
fsr-3478	15	6	are	be	AUX
fsr-3478	15	7	intended	intend	VERB
fsr-3478	15	8	to	to	PART
fsr-3478	15	9	sustain	sustain	VERB
fsr-3478	15	10	the	the	DET
fsr-3478	15	11	desired	desire	VERB
fsr-3478	15	12	lifestyle	lifestyle	NOUN
fsr-3478	15	13	over	over	ADP
fsr-3478	15	14	the	the	DET
fsr-3478	15	15	retired	retire	VERB
fsr-3478	15	16	lifetime	lifetime	NOUN
fsr-3478	15	17	.	.	PUNCT
fsr-3478	16	1	traditionally	traditionally	ADV
fsr-3478	16	2	,	,	PUNCT
fsr-3478	16	3	retirees	retiree	NOUN
fsr-3478	16	4	typically	typically	ADV
fsr-3478	16	5	relied	rely	VERB
fsr-3478	16	6	on	on	ADP
fsr-3478	16	7	social	social	ADJ
fsr-3478	16	8	security	security	NOUN
fsr-3478	16	9	,	,	PUNCT
fsr-3478	16	10	pension	pension	NOUN
fsr-3478	16	11	benefits	benefit	NOUN
fsr-3478	16	12	,	,	PUNCT
fsr-3478	16	13	and	and	CCONJ
fsr-3478	16	14	personal	personal	ADJ
fsr-3478	16	15	savings	saving	NOUN
fsr-3478	16	16	to	to	PART
fsr-3478	16	17	sustain	sustain	VERB
fsr-3478	16	18	their	their	PRON
fsr-3478	16	19	retirement	retirement	NOUN
fsr-3478	16	20	lifestyle	lifestyle	NOUN
fsr-3478	16	21	.	.	PUNCT
fsr-3478	17	1	social	social	ADJ
fsr-3478	17	2	security	security	NOUN
fsr-3478	17	3	benefits	benefit	NOUN
fsr-3478	17	4	in	in	ADP
fsr-3478	17	5	the	the	DET
fsr-3478	17	6	united	united	PROPN
fsr-3478	17	7	states	states	PROPN
fsr-3478	17	8	are	be	AUX
fsr-3478	17	9	designed	design	VERB
fsr-3478	17	10	to	to	PART
fsr-3478	17	11	only	only	ADV
fsr-3478	17	12	partially	partially	ADV
fsr-3478	17	13	replace	replace	VERB
fsr-3478	17	14	earnings	earning	NOUN
fsr-3478	17	15	that	that	PRON
fsr-3478	17	16	workers	worker	NOUN
fsr-3478	17	17	lose	lose	VERB
fsr-3478	17	18	when	when	SCONJ
fsr-3478	17	19	they	they	PRON
fsr-3478	17	20	retire	retire	VERB
fsr-3478	17	21	,	,	PUNCT
fsr-3478	17	22	and	and	CCONJ
fsr-3478	17	23	average	average	VERB
fsr-3478	17	24	only	only	ADV
fsr-3478	17	25	about	about	ADV
fsr-3478	17	26	40	40	NUM
fsr-3478	17	27	%	%	NOUN
fsr-3478	17	28	of	of	ADP
fsr-3478	17	29	total	total	ADJ
fsr-3478	17	30	retirement	retirement	NOUN
fsr-3478	17	31	income	income	NOUN
fsr-3478	17	32	(	(	PUNCT
fsr-3478	17	33	biggs	biggs	PROPN
fsr-3478	17	34	&	&	CCONJ
fsr-3478	17	35	springstead	springstead	PROPN
fsr-3478	17	36	,	,	PUNCT
fsr-3478	17	37	2008	2008	NUM
fsr-3478	17	38	)	)	PUNCT
fsr-3478	17	39	.	.	PUNCT
fsr-3478	18	1	further	far	ADV
fsr-3478	18	2	,	,	PUNCT
fsr-3478	18	3	employer	employer	NOUN
fsr-3478	18	4	-	-	PUNCT
fsr-3478	18	5	sponsored	sponsor	VERB
fsr-3478	18	6	defined	define	VERB
fsr-3478	18	7	-	-	PUNCT
fsr-3478	18	8	benefit	benefit	NOUN
fsr-3478	18	9	pension	pension	NOUN
fsr-3478	18	10	plans	plan	NOUN
fsr-3478	18	11	have	have	AUX
fsr-3478	18	12	been	be	AUX
fsr-3478	18	13	declining	decline	VERB
fsr-3478	18	14	over	over	ADP
fsr-3478	18	15	the	the	DET
fsr-3478	18	16	years	year	NOUN
fsr-3478	18	17	,	,	PUNCT
fsr-3478	18	18	and	and	CCONJ
fsr-3478	18	19	are	be	AUX
fsr-3478	18	20	being	be	AUX
fsr-3478	18	21	replaced	replace	VERB
fsr-3478	18	22	by	by	ADP
fsr-3478	18	23	defined	define	VERB
fsr-3478	18	24	-	-	PUNCT
fsr-3478	18	25	contribution	contribution	NOUN
fsr-3478	18	26	pension	pension	NOUN
fsr-3478	18	27	plans	plan	NOUN
fsr-3478	18	28	.	.	PUNCT
fsr-3478	19	1	the	the	DET
fsr-3478	19	2	prospective	prospective	ADJ
fsr-3478	19	3	retiree	retiree	NOUN
fsr-3478	19	4	has	have	VERB
fsr-3478	19	5	to	to	PART
fsr-3478	19	6	rely	rely	VERB
fsr-3478	19	7	on	on	ADP
fsr-3478	19	8	social	social	ADJ
fsr-3478	19	9	security	security	NOUN
fsr-3478	19	10	retirement	retirement	NOUN
fsr-3478	19	11	income	income	NOUN
fsr-3478	19	12	and	and	CCONJ
fsr-3478	19	13	their	their	PRON
fsr-3478	19	14	retirement	retirement	NOUN
fsr-3478	19	15	portfolio	portfolio	NOUN
fsr-3478	19	16	comprised	comprise	VERB
fsr-3478	19	17	of	of	ADP
fsr-3478	19	18	the	the	DET
fsr-3478	19	19	defined	define	VERB
fsr-3478	19	20	-	-	PUNCT
fsr-3478	19	21	contribution	contribution	NOUN
fsr-3478	19	22	plan	plan	NOUN
fsr-3478	19	23	balance	balance	NOUN
fsr-3478	19	24	and	and	CCONJ
fsr-3478	19	25	personal	personal	ADJ
fsr-3478	19	26	savings	saving	NOUN
fsr-3478	19	27	.	.	PUNCT
fsr-3478	20	1	the	the	DET
fsr-3478	20	2	cash	cash	NOUN
fsr-3478	20	3	flow	flow	NOUN
fsr-3478	20	4	characteristics	characteristic	NOUN
fsr-3478	20	5	of	of	ADP
fsr-3478	20	6	each	each	DET
fsr-3478	20	7	source	source	NOUN
fsr-3478	20	8	of	of	ADP
fsr-3478	20	9	retirement	retirement	NOUN
fsr-3478	20	10	income	income	NOUN
fsr-3478	20	11	is	be	AUX
fsr-3478	20	12	different	different	ADJ
fsr-3478	20	13	.	.	PUNCT
fsr-3478	21	1	social	social	ADJ
fsr-3478	21	2	security	security	PROPN
fsr-3478	21	3	retirement	retirement	NOUN
fsr-3478	21	4	income	income	NOUN
fsr-3478	21	5	is	be	AUX
fsr-3478	21	6	similar	similar	ADJ
fsr-3478	21	7	to	to	ADP
fsr-3478	21	8	a	a	DET
fsr-3478	21	9	defined	define	VERB
fsr-3478	21	10	-	-	PUNCT
fsr-3478	21	11	benefit	benefit	NOUN
fsr-3478	21	12	plan	plan	NOUN
fsr-3478	21	13	with	with	ADP
fsr-3478	21	14	fixed	fix	VERB
fsr-3478	21	15	inflation	inflation	NOUN
fsr-3478	21	16	-	-	PUNCT
fsr-3478	21	17	indexed	index	VERB
fsr-3478	21	18	payments	payment	NOUN
fsr-3478	21	19	over	over	ADP
fsr-3478	21	20	the	the	DET
fsr-3478	21	21	life	life	NOUN
fsr-3478	21	22	of	of	ADP
fsr-3478	21	23	the	the	DET
fsr-3478	21	24	retiree	retiree	NOUN
fsr-3478	21	25	with	with	ADP
fsr-3478	21	26	some	some	DET
fsr-3478	21	27	survivor	survivor	NOUN
fsr-3478	21	28	benefits	benefit	NOUN
fsr-3478	21	29	and	and	CCONJ
fsr-3478	21	30	no	no	DET
fsr-3478	21	31	potential	potential	NOUN
fsr-3478	21	32	for	for	ADP
fsr-3478	21	33	a	a	DET
fsr-3478	21	34	bequest	bequest	NOUN
fsr-3478	21	35	.	.	PUNCT
fsr-3478	22	1	the	the	DET
fsr-3478	22	2	traditional	traditional	ADJ
fsr-3478	22	3	defined	define	VERB
fsr-3478	22	4	-	-	PUNCT
fsr-3478	22	5	contribution	contribution	NOUN
fsr-3478	22	6	plan	plan	NOUN
fsr-3478	22	7	requires	require	VERB
fsr-3478	22	8	the	the	DET
fsr-3478	22	9	retiree	retiree	NOUN
fsr-3478	22	10	to	to	PART
fsr-3478	22	11	take	take	VERB
fsr-3478	22	12	minimum	minimum	ADJ
fsr-3478	22	13	distributions	distribution	NOUN
fsr-3478	22	14	(	(	PUNCT
fsr-3478	22	15	rmd	rmd	PROPN
fsr-3478	22	16	)	)	PUNCT
fsr-3478	22	17	that	that	DET
fsr-3478	22	18	fluctuate	fluctuate	NOUN
fsr-3478	22	19	every	every	DET
fsr-3478	22	20	year	year	NOUN
fsr-3478	22	21	based	base	VERB
fsr-3478	22	22	on	on	ADP
fsr-3478	22	23	the	the	DET
fsr-3478	22	24	actual	actual	ADJ
fsr-3478	22	25	plan	plan	NOUN
fsr-3478	22	26	balance	balance	NOUN
fsr-3478	22	27	and	and	CCONJ
fsr-3478	22	28	the	the	DET
fsr-3478	22	29	relevant	relevant	ADJ
fsr-3478	22	30	life	life	NOUN
fsr-3478	22	31	expectancy	expectancy	NOUN
fsr-3478	22	32	factor	factor	NOUN
fsr-3478	22	33	for	for	ADP
fsr-3478	22	34	that	that	DET
fsr-3478	22	35	year	year	NOUN
fsr-3478	22	36	.	.	PUNCT
fsr-3478	23	1	a	a	DET
fsr-3478	23	2	retiree	retiree	NOUN
fsr-3478	23	3	who	who	PRON
fsr-3478	23	4	lives	live	VERB
fsr-3478	23	5	longer	long	ADV
fsr-3478	23	6	than	than	SCONJ
fsr-3478	23	7	expected	expect	VERB
fsr-3478	23	8	may	may	AUX
fsr-3478	23	9	face	face	VERB
fsr-3478	23	10	a	a	DET
fsr-3478	23	11	substantially	substantially	ADV
fsr-3478	23	12	depleted	deplete	VERB
fsr-3478	23	13	plan	plan	NOUN
fsr-3478	23	14	balance	balance	NOUN
fsr-3478	23	15	and	and	CCONJ
fsr-3478	23	16	reduced	reduce	VERB
fsr-3478	23	17	cash	cash	NOUN
fsr-3478	23	18	flow	flow	NOUN
fsr-3478	23	19	towards	towards	ADP
fsr-3478	23	20	the	the	DET
fsr-3478	23	21	later	later	ADJ
fsr-3478	23	22	retirement	retirement	NOUN
fsr-3478	23	23	years	year	NOUN
fsr-3478	23	24	,	,	PUNCT
fsr-3478	23	25	while	while	SCONJ
fsr-3478	23	26	a	a	DET
fsr-3478	23	27	retiree	retiree	NOUN
fsr-3478	23	28	who	who	PRON
fsr-3478	23	29	dies	die	VERB
fsr-3478	23	30	earlier	early	ADV
fsr-3478	23	31	than	than	SCONJ
fsr-3478	23	32	expected	expect	VERB
fsr-3478	23	33	may	may	AUX
fsr-3478	23	34	leave	leave	VERB
fsr-3478	23	35	a	a	DET
fsr-3478	23	36	large	large	ADJ
fsr-3478	23	37	bequest	bequest	NOUN
fsr-3478	23	38	.	.	PUNCT
fsr-3478	24	1	elective	elective	ADJ
fsr-3478	24	2	withdrawals	withdrawal	NOUN
fsr-3478	24	3	can	can	AUX
fsr-3478	24	4	be	be	AUX
fsr-3478	24	5	made	make	VERB
fsr-3478	24	6	from	from	ADP
fsr-3478	24	7	roth	roth	NOUN
fsr-3478	24	8	defined	define	VERB
fsr-3478	24	9	-	-	PUNCT
fsr-3478	24	10	contribution	contribution	NOUN
fsr-3478	24	11	plans	plan	NOUN
fsr-3478	24	12	and	and	CCONJ
fsr-3478	24	13	from	from	ADP
fsr-3478	24	14	personal	personal	ADJ
fsr-3478	24	15	savings	saving	NOUN
fsr-3478	24	16	,	,	PUNCT
fsr-3478	24	17	and	and	CCONJ
fsr-3478	24	18	any	any	DET
fsr-3478	24	19	balance	balance	NOUN
fsr-3478	24	20	remaining	remain	VERB
fsr-3478	24	21	in	in	ADP
fsr-3478	24	22	either	either	CCONJ
fsr-3478	24	23	is	be	AUX
fsr-3478	24	24	available	available	ADJ
fsr-3478	24	25	for	for	ADP
fsr-3478	24	26	a	a	DET
fsr-3478	24	27	bequest	bequest	NOUN
fsr-3478	24	28	.	.	PUNCT
fsr-3478	25	1	these	these	DET
fsr-3478	25	2	elective	elective	ADJ
fsr-3478	25	3	withdrawals	withdrawal	NOUN
fsr-3478	25	4	serve	serve	VERB
fsr-3478	25	5	to	to	PART
fsr-3478	25	6	supplement	supplement	VERB
fsr-3478	25	7	retirement	retirement	NOUN
fsr-3478	25	8	income	income	NOUN
fsr-3478	25	9	available	available	ADJ
fsr-3478	25	10	from	from	ADP
fsr-3478	25	11	other	other	ADJ
fsr-3478	25	12	sources	source	NOUN
fsr-3478	25	13	.	.	PUNCT
fsr-3478	26	1	an	an	DET
fsr-3478	26	2	additional	additional	ADJ
fsr-3478	26	3	consideration	consideration	NOUN
fsr-3478	26	4	affecting	affect	VERB
fsr-3478	26	5	retirement	retirement	NOUN
fsr-3478	26	6	cash	cash	NOUN
fsr-3478	26	7	flows	flow	NOUN
fsr-3478	26	8	is	be	AUX
fsr-3478	26	9	the	the	DET
fsr-3478	26	10	different	different	ADJ
fsr-3478	26	11	tax	tax	NOUN
fsr-3478	26	12	implications	implication	NOUN
fsr-3478	26	13	of	of	ADP
fsr-3478	26	14	each	each	PRON
fsr-3478	26	15	of	of	ADP
fsr-3478	26	16	these	these	DET
fsr-3478	26	17	sources	source	NOUN
fsr-3478	26	18	.	.	PUNCT
fsr-3478	27	1	an	an	DET
fsr-3478	27	2	important	important	ADJ
fsr-3478	27	3	financial	financial	ADJ
fsr-3478	27	4	issue	issue	NOUN
fsr-3478	27	5	that	that	SCONJ
fsr-3478	27	6	most	most	ADV
fsr-3478	27	7	prospective	prospective	ADJ
fsr-3478	27	8	retirees	retiree	NOUN
fsr-3478	27	9	contend	contend	VERB
fsr-3478	27	10	with	with	ADP
fsr-3478	27	11	,	,	PUNCT
fsr-3478	27	12	and	and	CCONJ
fsr-3478	27	13	has	have	AUX
fsr-3478	27	14	been	be	AUX
fsr-3478	27	15	extensively	extensively	ADV
fsr-3478	27	16	examined	examine	VERB
fsr-3478	27	17	by	by	ADP
fsr-3478	27	18	financial	financial	ADJ
fsr-3478	27	19	planners	planner	NOUN
fsr-3478	27	20	and	and	CCONJ
fsr-3478	27	21	in	in	ADP
fsr-3478	27	22	the	the	DET
fsr-3478	27	23	financial	financial	ADJ
fsr-3478	27	24	planning	planning	NOUN
fsr-3478	27	25	literature	literature	NOUN
fsr-3478	27	26	is	be	AUX
fsr-3478	27	27	:	:	PUNCT
fsr-3478	27	28	“	"	PUNCT
fsr-3478	27	29	how	how	SCONJ
fsr-3478	27	30	much	much	ADJ
fsr-3478	27	31	can	can	AUX
fsr-3478	27	32	i	i	PRON
fsr-3478	27	33	spend	spend	VERB
fsr-3478	27	34	each	each	DET
fsr-3478	27	35	year	year	NOUN
fsr-3478	27	36	from	from	ADP
fsr-3478	27	37	the	the	DET
fsr-3478	27	38	retirement	retirement	NOUN
fsr-3478	27	39	portfolio	portfolio	NOUN
fsr-3478	27	40	without	without	ADP
fsr-3478	27	41	completely	completely	ADV
fsr-3478	27	42	depleting	deplete	VERB
fsr-3478	27	43	the	the	DET
fsr-3478	27	44	retirement	retirement	NOUN
fsr-3478	27	45	portfolio	portfolio	NOUN
fsr-3478	27	46	?	?	PUNCT
fsr-3478	27	47	”	"	PUNCT
fsr-3478	28	1	the	the	DET
fsr-3478	28	2	most	most	ADV
fsr-3478	28	3	common	common	ADJ
fsr-3478	28	4	response	response	NOUN
fsr-3478	28	5	to	to	ADP
fsr-3478	28	6	this	this	DET
fsr-3478	28	7	question	question	NOUN
fsr-3478	28	8	is	be	AUX
fsr-3478	28	9	the	the	DET
fsr-3478	28	10	“	"	PUNCT
fsr-3478	28	11	4	4	NUM
fsr-3478	28	12	%	%	NOUN
fsr-3478	28	13	rule	rule	NOUN
fsr-3478	28	14	”	"	PUNCT
fsr-3478	28	15	which	which	PRON
fsr-3478	28	16	in	in	ADP
fsr-3478	28	17	its	its	PRON
fsr-3478	28	18	most	most	ADV
fsr-3478	28	19	general	general	ADJ
fsr-3478	28	20	form	form	NOUN
fsr-3478	28	21	,	,	PUNCT
fsr-3478	28	22	suggests	suggest	VERB
fsr-3478	28	23	that	that	SCONJ
fsr-3478	28	24	a	a	DET
fsr-3478	28	25	retiree	retiree	NOUN
fsr-3478	28	26	with	with	ADP
fsr-3478	28	27	a	a	DET
fsr-3478	28	28	diversified	diversified	ADJ
fsr-3478	28	29	portfolio	portfolio	NOUN
fsr-3478	28	30	could	could	AUX
fsr-3478	28	31	make	make	VERB
fsr-3478	28	32	inflation	inflation	NOUN
fsr-3478	28	33	-	-	PUNCT
fsr-3478	28	34	adjusted	adjust	VERB
fsr-3478	28	35	annual	annual	ADJ
fsr-3478	28	36	withdrawals	withdrawal	NOUN
fsr-3478	28	37	equal	equal	ADJ
fsr-3478	28	38	to	to	ADP
fsr-3478	28	39	4	4	NUM
fsr-3478	28	40	%	%	NOUN
fsr-3478	28	41	of	of	ADP
fsr-3478	28	42	the	the	DET
fsr-3478	28	43	initial	initial	ADJ
fsr-3478	28	44	portfolio	portfolio	NOUN
fsr-3478	28	45	balance	balance	NOUN
fsr-3478	28	46	with	with	ADP
fsr-3478	28	47	a	a	DET
fsr-3478	28	48	low	low	ADJ
fsr-3478	28	49	chance	chance	NOUN
fsr-3478	28	50	of	of	ADP
fsr-3478	28	51	depleting	deplete	VERB
fsr-3478	28	52	the	the	DET
fsr-3478	28	53	retirement	retirement	NOUN
fsr-3478	28	54	portfolio	portfolio	NOUN
fsr-3478	28	55	over	over	ADP
fsr-3478	28	56	a	a	DET
fsr-3478	28	57	30	30	NUM
fsr-3478	28	58	-	-	PUNCT
fsr-3478	28	59	year	year	NOUN
fsr-3478	28	60	retirement	retirement	NOUN
fsr-3478	28	61	horizon	horizon	NOUN
fsr-3478	28	62	.	.	PUNCT
fsr-3478	29	1	while	while	SCONJ
fsr-3478	29	2	it	it	PRON
fsr-3478	29	3	is	be	AUX
fsr-3478	29	4	popularly	popularly	ADV
fsr-3478	29	5	termed	term	VERB
fsr-3478	29	6	a	a	DET
fsr-3478	29	7	rule	rule	NOUN
fsr-3478	29	8	,	,	PUNCT
fsr-3478	29	9	both	both	CCONJ
fsr-3478	29	10	financial	financial	ADJ
fsr-3478	29	11	planners	planner	NOUN
fsr-3478	29	12	and	and	CCONJ
fsr-3478	29	13	the	the	DET
fsr-3478	29	14	academic	academic	ADJ
fsr-3478	29	15	literature	literature	NOUN
fsr-3478	29	16	understand	understand	VERB
fsr-3478	29	17	that	that	SCONJ
fsr-3478	29	18	it	it	PRON
fsr-3478	29	19	is	be	AUX
fsr-3478	29	20	a	a	DET
fsr-3478	29	21	guideline	guideline	NOUN
fsr-3478	29	22	,	,	PUNCT
fsr-3478	29	23	a	a	DET
fsr-3478	29	24	starting	starting	NOUN
fsr-3478	29	25	point	point	NOUN
fsr-3478	29	26	for	for	ADP
fsr-3478	29	27	discussion	discussion	NOUN
fsr-3478	29	28	,	,	PUNCT
fsr-3478	29	29	and	and	CCONJ
fsr-3478	29	30	that	that	SCONJ
fsr-3478	29	31	the	the	DET
fsr-3478	29	32	safe	safe	ADJ
fsr-3478	29	33	withdrawal	withdrawal	NOUN
fsr-3478	29	34	rate	rate	NOUN
fsr-3478	29	35	(	(	PUNCT
fsr-3478	29	36	swr	swr	VERB
fsr-3478	29	37	)	)	PUNCT
fsr-3478	29	38	should	should	AUX
fsr-3478	29	39	be	be	AUX
fsr-3478	29	40	modified	modify	VERB
fsr-3478	29	41	based	base	VERB
fsr-3478	29	42	on	on	ADP
fsr-3478	29	43	individual	individual	ADJ
fsr-3478	29	44	circumstances	circumstance	NOUN
fsr-3478	29	45	.	.	PUNCT
fsr-3478	30	1	this	this	DET
fsr-3478	30	2	discussion	discussion	NOUN
fsr-3478	30	3	suggests	suggest	VERB
fsr-3478	30	4	that	that	SCONJ
fsr-3478	30	5	the	the	DET
fsr-3478	30	6	ability	ability	NOUN
fsr-3478	30	7	of	of	ADP
fsr-3478	30	8	the	the	DET
fsr-3478	30	9	retirement	retirement	NOUN
fsr-3478	30	10	portfolio	portfolio	NOUN
fsr-3478	30	11	to	to	PART
fsr-3478	30	12	successfully	successfully	ADV
fsr-3478	30	13	sustain	sustain	VERB
fsr-3478	30	14	the	the	DET
fsr-3478	30	15	desired	desire	VERB
fsr-3478	30	16	lifestyle	lifestyle	NOUN
fsr-3478	30	17	would	would	AUX
fsr-3478	30	18	depend	depend	VERB
fsr-3478	30	19	on	on	ADP
fsr-3478	30	20	various	various	ADJ
fsr-3478	30	21	factors	factor	NOUN
fsr-3478	30	22	such	such	ADJ
fsr-3478	30	23	as	as	ADP
fsr-3478	30	24	asset	asset	NOUN
fsr-3478	30	25	allocation	allocation	NOUN
fsr-3478	30	26	,	,	PUNCT
fsr-3478	30	27	portfolio	portfolio	NOUN
fsr-3478	30	28	return	return	NOUN
fsr-3478	30	29	characteristics	characteristic	NOUN
fsr-3478	30	30	,	,	PUNCT
fsr-3478	30	31	the	the	DET
fsr-3478	30	32	desired	desire	VERB
fsr-3478	30	33	retirement	retirement	NOUN
fsr-3478	30	34	horizon	horizon	NOUN
fsr-3478	30	35	,	,	PUNCT
fsr-3478	30	36	and	and	CCONJ
fsr-3478	30	37	of	of	ADP
fsr-3478	30	38	course	course	NOUN
fsr-3478	30	39	the	the	DET
fsr-3478	30	40	desired	desire	VERB
fsr-3478	30	41	withdrawal	withdrawal	NOUN
fsr-3478	30	42	rate	rate	NOUN
fsr-3478	30	43	.	.	PUNCT
fsr-3478	31	1	while	while	SCONJ
fsr-3478	31	2	the	the	DET
fsr-3478	31	3	literature	literature	NOUN
fsr-3478	31	4	suggests	suggest	VERB
fsr-3478	31	5	that	that	SCONJ
fsr-3478	31	6	retirees	retiree	NOUN
fsr-3478	31	7	remain	remain	VERB
fsr-3478	31	8	flexible	flexible	ADJ
fsr-3478	31	9	to	to	ADP
fsr-3478	31	10	individual	individual	ADJ
fsr-3478	31	11	circumstances	circumstance	NOUN
fsr-3478	31	12	,	,	PUNCT
fsr-3478	31	13	there	there	PRON
fsr-3478	31	14	is	be	VERB
fsr-3478	31	15	very	very	ADV
fsr-3478	31	16	little	little	ADJ
fsr-3478	31	17	guidance	guidance	NOUN
fsr-3478	31	18	about	about	ADP
fsr-3478	31	19	the	the	DET
fsr-3478	31	20	manner	manner	NOUN
fsr-3478	31	21	in	in	ADP
fsr-3478	31	22	which	which	PRON
fsr-3478	31	23	these	these	DET
fsr-3478	31	24	factors	factor	NOUN
fsr-3478	31	25	impact	impact	VERB
fsr-3478	31	26	portfolio	portfolio	NOUN
fsr-3478	31	27	success	success	NOUN
fsr-3478	31	28	.	.	PUNCT
fsr-3478	32	1	all	all	DET
fsr-3478	32	2	retirees	retiree	NOUN
fsr-3478	32	3	do	do	AUX
fsr-3478	32	4	not	not	PART
fsr-3478	32	5	make	make	VERB
fsr-3478	32	6	the	the	DET
fsr-3478	32	7	same	same	ADJ
fsr-3478	32	8	retirement	retirement	NOUN
fsr-3478	32	9	portfolio	portfolio	NOUN
fsr-3478	32	10	choices	choice	NOUN
fsr-3478	32	11	and	and	CCONJ
fsr-3478	32	12	consequently	consequently	ADV
fsr-3478	32	13	may	may	AUX
fsr-3478	32	14	face	face	VERB
fsr-3478	32	15	very	very	ADV
fsr-3478	32	16	different	different	ADJ
fsr-3478	32	17	retirement	retirement	NOUN
fsr-3478	32	18	outcomes	outcome	NOUN
fsr-3478	32	19	.	.	PUNCT
fsr-3478	33	1	we	we	PRON
fsr-3478	33	2	create	create	VERB
fsr-3478	33	3	plausible	plausible	ADJ
fsr-3478	33	4	retirement	retirement	NOUN
fsr-3478	33	5	scenarios	scenario	NOUN
fsr-3478	33	6	and	and	CCONJ
fsr-3478	33	7	simulate	simulate	VERB
fsr-3478	33	8	variations	variation	NOUN
fsr-3478	33	9	in	in	ADP
fsr-3478	33	10	these	these	DET
fsr-3478	33	11	factors	factor	NOUN
fsr-3478	33	12	to	to	PART
fsr-3478	33	13	determine	determine	VERB
fsr-3478	33	14	portfolio	portfolio	NOUN
fsr-3478	33	15	success	success	NOUN
fsr-3478	33	16	or	or	CCONJ
fsr-3478	33	17	failure	failure	NOUN
fsr-3478	33	18	.	.	PUNCT
fsr-3478	34	1	we	we	PRON
fsr-3478	34	2	then	then	ADV
fsr-3478	34	3	use	use	VERB
fsr-3478	34	4	logistic	logistic	ADJ
fsr-3478	34	5	regression	regression	NOUN
fsr-3478	34	6	to	to	PART
fsr-3478	34	7	measure	measure	VERB
fsr-3478	34	8	the	the	DET
fsr-3478	34	9	impact	impact	NOUN
fsr-3478	34	10	that	that	PRON
fsr-3478	34	11	these	these	DET
fsr-3478	34	12	factors	factor	NOUN
fsr-3478	34	13	have	have	AUX
fsr-3478	34	14	had	have	VERB
fsr-3478	34	15	in	in	ADP
fsr-3478	34	16	determining	determine	VERB
fsr-3478	34	17	portfolio	portfolio	NOUN
fsr-3478	34	18	success	success	NOUN
fsr-3478	34	19	.	.	PUNCT
fsr-3478	35	1	unlike	unlike	ADP
fsr-3478	35	2	previous	previous	ADJ
fsr-3478	35	3	studies	study	NOUN
fsr-3478	35	4	,	,	PUNCT
fsr-3478	35	5	we	we	PRON
fsr-3478	35	6	define	define	VERB
fsr-3478	35	7	portfolio	portfolio	NOUN
fsr-3478	35	8	outcome	outcome	NOUN
fsr-3478	35	9	as	as	ADP
fsr-3478	35	10	a	a	DET
fsr-3478	35	11	binary	binary	ADJ
fsr-3478	35	12	variable	variable	NOUN
fsr-3478	35	13	and	and	CCONJ
fsr-3478	35	14	use	use	VERB
fsr-3478	35	15	logistic	logistic	ADJ
fsr-3478	35	16	analysis	analysis	NOUN
fsr-3478	35	17	to	to	PART
fsr-3478	35	18	highlight	highlight	VERB
fsr-3478	35	19	the	the	DET
fsr-3478	35	20	likelihood	likelihood	NOUN
fsr-3478	35	21	of	of	ADP
fsr-3478	35	22	portfolio	portfolio	NOUN
fsr-3478	35	23	success	success	NOUN
fsr-3478	35	24	as	as	ADP
fsr-3478	35	25	a	a	DET
fsr-3478	35	26	function	function	NOUN
fsr-3478	35	27	of	of	ADP
fsr-3478	35	28	five	five	NUM
fsr-3478	35	29	retirement	retirement	NOUN
fsr-3478	35	30	planning	planning	NOUN
fsr-3478	35	31	horizons	horizon	NOUN
fsr-3478	35	32	,	,	PUNCT
fsr-3478	35	33	three	three	NUM
fsr-3478	35	34	asset	asset	NOUN
fsr-3478	35	35	allocation	allocation	NOUN
fsr-3478	35	36	strategies	strategy	NOUN
fsr-3478	35	37	,	,	PUNCT
fsr-3478	35	38	and	and	CCONJ
fsr-3478	35	39	five	five	NUM
fsr-3478	35	40	fixed	fix	VERB
fsr-3478	35	41	real	real	ADJ
fsr-3478	35	42	withdrawal	withdrawal	NOUN
fsr-3478	35	43	rates	rate	NOUN
fsr-3478	35	44	to	to	PART
fsr-3478	35	45	arrive	arrive	VERB
fsr-3478	35	46	126	126	NUM
fsr-3478	35	47	m.	m.	NOUN
fsr-3478	35	48	athavale	athavale	PROPN
fsr-3478	35	49	et	et	PROPN
fsr-3478	35	50	al	al	PROPN
fsr-3478	35	51	.	.	PUNCT
fsr-3478	35	52	/	/	SYM
fsr-3478	35	53	financial	financial	ADJ
fsr-3478	35	54	services	service	NOUN
fsr-3478	35	55	review	review	VERB
fsr-3478	35	56	30	30	NUM
fsr-3478	35	57	(	(	PUNCT
fsr-3478	35	58	2022	2022	NUM
fsr-3478	35	59	)	)	PUNCT
fsr-3478	35	60	125–143	125–143	NOUN
fsr-3478	35	61	at	at	ADP
fsr-3478	35	62	75	75	NUM
fsr-3478	35	63	plausible	plausible	ADJ
fsr-3478	35	64	unique	unique	ADJ
fsr-3478	35	65	retirement	retirement	NOUN
fsr-3478	35	66	scenarios	scenario	NOUN
fsr-3478	35	67	.	.	PUNCT
fsr-3478	36	1	for	for	ADP
fsr-3478	36	2	each	each	DET
fsr-3478	36	3	scenario	scenario	NOUN
fsr-3478	36	4	,	,	PUNCT
fsr-3478	36	5	we	we	PRON
fsr-3478	36	6	use	use	VERB
fsr-3478	36	7	four	four	NUM
fsr-3478	36	8	distinct	distinct	ADJ
fsr-3478	36	9	monthly	monthly	ADJ
fsr-3478	36	10	return	return	NOUN
fsr-3478	36	11	generating	generating	NOUN
fsr-3478	36	12	distributions	distribution	NOUN
fsr-3478	36	13	and	and	CCONJ
fsr-3478	36	14	run	run	VERB
fsr-3478	36	15	100	100	NUM
fsr-3478	36	16	simulations	simulation	NOUN
fsr-3478	36	17	to	to	PART
fsr-3478	36	18	arrive	arrive	VERB
fsr-3478	36	19	at	at	ADP
fsr-3478	36	20	30,000	30,000	NUM
fsr-3478	36	21	portfolio	portfolio	NOUN
fsr-3478	36	22	outcomes	outcome	NOUN
fsr-3478	36	23	and	and	CCONJ
fsr-3478	36	24	use	use	VERB
fsr-3478	36	25	these	these	PRON
fsr-3478	36	26	in	in	ADP
fsr-3478	36	27	a	a	DET
fsr-3478	36	28	logistic	logistic	ADJ
fsr-3478	36	29	regression	regression	NOUN
fsr-3478	36	30	to	to	PART
fsr-3478	36	31	examine	examine	VERB
fsr-3478	36	32	the	the	DET
fsr-3478	36	33	determinants	determinant	NOUN
fsr-3478	36	34	of	of	ADP
fsr-3478	36	35	portfolio	portfolio	NOUN
fsr-3478	36	36	success	success	NOUN
fsr-3478	36	37	or	or	CCONJ
fsr-3478	36	38	failure	failure	NOUN
fsr-3478	36	39	.	.	PUNCT
fsr-3478	37	1	we	we	PRON
fsr-3478	37	2	show	show	VERB
fsr-3478	37	3	that	that	SCONJ
fsr-3478	37	4	the	the	DET
fsr-3478	37	5	probability	probability	NOUN
fsr-3478	37	6	of	of	ADP
fsr-3478	37	7	portfolio	portfolio	NOUN
fsr-3478	37	8	success	success	NOUN
fsr-3478	37	9	is	be	AUX
fsr-3478	37	10	inversely	inversely	ADV
fsr-3478	37	11	related	relate	VERB
fsr-3478	37	12	to	to	ADP
fsr-3478	37	13	withdrawal	withdrawal	NOUN
fsr-3478	37	14	rate	rate	NOUN
fsr-3478	37	15	,	,	PUNCT
fsr-3478	37	16	retirement	retirement	NOUN
fsr-3478	37	17	horizon	horizon	NOUN
fsr-3478	37	18	,	,	PUNCT
fsr-3478	37	19	and	and	CCONJ
fsr-3478	37	20	portfolio	portfolio	NOUN
fsr-3478	37	21	risk	risk	NOUN
fsr-3478	37	22	,	,	PUNCT
fsr-3478	37	23	and	and	CCONJ
fsr-3478	37	24	directly	directly	ADV
fsr-3478	37	25	related	relate	VERB
fsr-3478	37	26	to	to	ADP
fsr-3478	37	27	portfolio	portfolio	NOUN
fsr-3478	37	28	return	return	NOUN
fsr-3478	37	29	,	,	PUNCT
fsr-3478	37	30	allocation	allocation	NOUN
fsr-3478	37	31	aggressiveness	aggressiveness	NOUN
fsr-3478	37	32	,	,	PUNCT
fsr-3478	37	33	and	and	CCONJ
fsr-3478	37	34	the	the	DET
fsr-3478	37	35	returns	return	NOUN
fsr-3478	37	36	experience	experience	VERB
fsr-3478	37	37	in	in	ADP
fsr-3478	37	38	the	the	DET
fsr-3478	37	39	five	five	NUM
fsr-3478	37	40	years	year	NOUN
fsr-3478	37	41	immediately	immediately	ADV
fsr-3478	37	42	after	after	ADP
fsr-3478	37	43	retirement	retirement	NOUN
fsr-3478	37	44	.	.	PUNCT
fsr-3478	38	1	this	this	DET
fsr-3478	38	2	paper	paper	NOUN
fsr-3478	38	3	is	be	AUX
fsr-3478	38	4	important	important	ADJ
fsr-3478	38	5	because	because	SCONJ
fsr-3478	38	6	it	it	PRON
fsr-3478	38	7	applies	apply	VERB
fsr-3478	38	8	an	an	DET
fsr-3478	38	9	interesting	interesting	ADJ
fsr-3478	38	10	methodology	methodology	NOUN
fsr-3478	38	11	to	to	ADP
fsr-3478	38	12	a	a	DET
fsr-3478	38	13	large	large	ADJ
fsr-3478	38	14	number	number	NOUN
fsr-3478	38	15	of	of	ADP
fsr-3478	38	16	retirement	retirement	NOUN
fsr-3478	38	17	scenarios	scenario	NOUN
fsr-3478	38	18	and	and	CCONJ
fsr-3478	38	19	portfolio	portfolio	NOUN
fsr-3478	38	20	outcomes	outcome	NOUN
fsr-3478	38	21	to	to	PART
fsr-3478	38	22	enable	enable	VERB
fsr-3478	38	23	a	a	DET
fsr-3478	38	24	retiree	retiree	NOUN
fsr-3478	38	25	better	well	ADV
fsr-3478	38	26	understand	understand	VERB
fsr-3478	38	27	how	how	SCONJ
fsr-3478	38	28	their	their	PRON
fsr-3478	38	29	unique	unique	ADJ
fsr-3478	38	30	set	set	NOUN
fsr-3478	38	31	of	of	ADP
fsr-3478	38	32	circumstances	circumstance	NOUN
fsr-3478	38	33	and	and	CCONJ
fsr-3478	38	34	choices	choice	NOUN
fsr-3478	38	35	impact	impact	NOUN
fsr-3478	38	36	retirement	retirement	NOUN
fsr-3478	38	37	success	success	NOUN
fsr-3478	38	38	.	.	PUNCT
fsr-3478	39	1	the	the	DET
fsr-3478	39	2	rest	rest	NOUN
fsr-3478	39	3	of	of	ADP
fsr-3478	39	4	this	this	DET
fsr-3478	39	5	article	article	NOUN
fsr-3478	39	6	is	be	AUX
fsr-3478	39	7	organized	organize	VERB
fsr-3478	39	8	as	as	SCONJ
fsr-3478	39	9	follows	follow	VERB
fsr-3478	39	10	:	:	PUNCT
fsr-3478	39	11	we	we	PRON
fsr-3478	39	12	begin	begin	VERB
fsr-3478	39	13	by	by	ADP
fsr-3478	39	14	reviewing	review	VERB
fsr-3478	39	15	some	some	PRON
fsr-3478	39	16	of	of	ADP
fsr-3478	39	17	the	the	DET
fsr-3478	39	18	relevant	relevant	ADJ
fsr-3478	39	19	literature	literature	NOUN
fsr-3478	39	20	to	to	PART
fsr-3478	39	21	provide	provide	VERB
fsr-3478	39	22	the	the	DET
fsr-3478	39	23	necessary	necessary	ADJ
fsr-3478	39	24	context	context	NOUN
fsr-3478	39	25	for	for	ADP
fsr-3478	39	26	the	the	DET
fsr-3478	39	27	current	current	ADJ
fsr-3478	39	28	research	research	NOUN
fsr-3478	39	29	.	.	PUNCT
fsr-3478	40	1	we	we	PRON
fsr-3478	40	2	then	then	ADV
fsr-3478	40	3	present	present	VERB
fsr-3478	40	4	the	the	DET
fsr-3478	40	5	empirical	empirical	ADJ
fsr-3478	40	6	design	design	NOUN
fsr-3478	40	7	of	of	ADP
fsr-3478	40	8	our	our	PRON
fsr-3478	40	9	research	research	NOUN
fsr-3478	40	10	,	,	PUNCT
fsr-3478	40	11	data	datum	NOUN
fsr-3478	40	12	definitions	definition	NOUN
fsr-3478	40	13	,	,	PUNCT
fsr-3478	40	14	sample	sample	NOUN
fsr-3478	40	15	statistics	statistic	NOUN
fsr-3478	40	16	,	,	PUNCT
fsr-3478	40	17	and	and	CCONJ
fsr-3478	40	18	the	the	DET
fsr-3478	40	19	results	result	NOUN
fsr-3478	40	20	of	of	ADP
fsr-3478	40	21	our	our	PRON
fsr-3478	40	22	regression	regression	NOUN
fsr-3478	40	23	analysis	analysis	NOUN
fsr-3478	40	24	.	.	PUNCT
fsr-3478	41	1	finally	finally	ADV
fsr-3478	41	2	,	,	PUNCT
fsr-3478	41	3	we	we	PRON
fsr-3478	41	4	present	present	VERB
fsr-3478	41	5	our	our	PRON
fsr-3478	41	6	conclusions	conclusion	NOUN
fsr-3478	41	7	,	,	PUNCT
fsr-3478	41	8	practical	practical	ADJ
fsr-3478	41	9	implications	implication	NOUN
fsr-3478	41	10	,	,	PUNCT
fsr-3478	41	11	and	and	CCONJ
fsr-3478	41	12	suggestions	suggestion	NOUN
fsr-3478	41	13	for	for	ADP
fsr-3478	41	14	future	future	ADJ
fsr-3478	41	15	research	research	NOUN
fsr-3478	41	16	.	.	PUNCT
fsr-3478	42	1	2	2	X
fsr-3478	42	2	.	.	X
fsr-3478	42	3	background	background	NOUN
fsr-3478	42	4	and	and	CCONJ
fsr-3478	42	5	literature	literature	PROPN
fsr-3478	42	6	review	review	VERB
fsr-3478	42	7	the	the	DET
fsr-3478	42	8	traditional	traditional	ADJ
fsr-3478	42	9	view	view	NOUN
fsr-3478	42	10	of	of	ADP
fsr-3478	42	11	retirement	retirement	NOUN
fsr-3478	42	12	is	be	AUX
fsr-3478	42	13	that	that	SCONJ
fsr-3478	42	14	in	in	ADP
fsr-3478	42	15	the	the	DET
fsr-3478	42	16	early	early	ADJ
fsr-3478	42	17	years	year	NOUN
fsr-3478	42	18	people	people	NOUN
fsr-3478	42	19	earn	earn	VERB
fsr-3478	42	20	,	,	PUNCT
fsr-3478	42	21	save	save	VERB
fsr-3478	42	22	and	and	CCONJ
fsr-3478	42	23	invest	invest	VERB
fsr-3478	42	24	(	(	PUNCT
fsr-3478	42	25	the	the	DET
fsr-3478	42	26	“	"	PUNCT
fsr-3478	42	27	accumulation	accumulation	NOUN
fsr-3478	42	28	”	"	PUNCT
fsr-3478	42	29	stage	stage	NOUN
fsr-3478	42	30	)	)	PUNCT
fsr-3478	42	31	to	to	PART
fsr-3478	42	32	subsequently	subsequently	ADV
fsr-3478	42	33	retire	retire	VERB
fsr-3478	42	34	and	and	CCONJ
fsr-3478	42	35	withdraw	withdraw	VERB
fsr-3478	42	36	from	from	ADP
fsr-3478	42	37	their	their	PRON
fsr-3478	42	38	retirement	retirement	NOUN
fsr-3478	42	39	portfolio	portfolio	NOUN
fsr-3478	42	40	to	to	PART
fsr-3478	42	41	finance	finance	VERB
fsr-3478	42	42	consumption	consumption	NOUN
fsr-3478	42	43	over	over	ADP
fsr-3478	42	44	their	their	PRON
fsr-3478	42	45	retirement	retirement	NOUN
fsr-3478	42	46	horizon	horizon	NOUN
fsr-3478	42	47	(	(	PUNCT
fsr-3478	42	48	the	the	DET
fsr-3478	42	49	“	"	PUNCT
fsr-3478	42	50	decumulation	decumulation	NOUN
fsr-3478	42	51	”	"	PUNCT
fsr-3478	42	52	or	or	CCONJ
fsr-3478	42	53	“	"	PUNCT
fsr-3478	42	54	asset	asset	NOUN
fsr-3478	42	55	distribution	distribution	NOUN
fsr-3478	42	56	”	"	PUNCT
fsr-3478	42	57	stage	stage	NOUN
fsr-3478	42	58	)	)	PUNCT
fsr-3478	42	59	.	.	PUNCT
fsr-3478	43	1	in	in	ADP
fsr-3478	43	2	the	the	DET
fsr-3478	43	3	decumulation	decumulation	NOUN
fsr-3478	43	4	stage	stage	NOUN
fsr-3478	43	5	,	,	PUNCT
fsr-3478	43	6	individuals	individual	NOUN
fsr-3478	43	7	balance	balance	VERB
fsr-3478	43	8	the	the	DET
fsr-3478	43	9	competing	compete	VERB
fsr-3478	43	10	goals	goal	NOUN
fsr-3478	43	11	of	of	ADP
fsr-3478	43	12	maintaining	maintain	VERB
fsr-3478	43	13	consumption	consumption	NOUN
fsr-3478	43	14	in	in	ADP
fsr-3478	43	15	retirement	retirement	NOUN
fsr-3478	43	16	without	without	ADP
fsr-3478	43	17	prematurely	prematurely	ADV
fsr-3478	43	18	depleting	deplete	VERB
fsr-3478	43	19	their	their	PRON
fsr-3478	43	20	retirement	retirement	NOUN
fsr-3478	43	21	portfolio	portfolio	NOUN
fsr-3478	43	22	.	.	PUNCT
fsr-3478	44	1	one	one	NUM
fsr-3478	44	2	of	of	ADP
fsr-3478	44	3	the	the	DET
fsr-3478	44	4	early	early	ADJ
fsr-3478	44	5	solutions	solution	NOUN
fsr-3478	44	6	to	to	ADP
fsr-3478	44	7	the	the	DET
fsr-3478	44	8	problem	problem	NOUN
fsr-3478	44	9	of	of	ADP
fsr-3478	44	10	creating	create	VERB
fsr-3478	44	11	retirement	retirement	NOUN
fsr-3478	44	12	cash	cash	NOUN
fsr-3478	44	13	inflows	inflow	NOUN
fsr-3478	44	14	was	be	AUX
fsr-3478	44	15	the	the	DET
fsr-3478	44	16	state	state	NOUN
fsr-3478	44	17	retirement	retirement	NOUN
fsr-3478	44	18	pension	pension	NOUN
fsr-3478	44	19	program	program	NOUN
fsr-3478	44	20	created	create	VERB
fsr-3478	44	21	in	in	ADP
fsr-3478	44	22	1889	1889	NUM
fsr-3478	44	23	by	by	ADP
fsr-3478	44	24	chancellor	chancellor	PROPN
fsr-3478	44	25	bismark	bismark	PROPN
fsr-3478	44	26	of	of	ADP
fsr-3478	44	27	germany	germany	PROPN
fsr-3478	44	28	that	that	PRON
fsr-3478	44	29	provided	provide	VERB
fsr-3478	44	30	a	a	DET
fsr-3478	44	31	pension	pension	NOUN
fsr-3478	44	32	starting	start	VERB
fsr-3478	44	33	at	at	ADP
fsr-3478	44	34	age	age	NOUN
fsr-3478	44	35	70	70	NUM
fsr-3478	44	36	when	when	SCONJ
fsr-3478	44	37	life	life	NOUN
fsr-3478	44	38	expectancy	expectancy	NOUN
fsr-3478	44	39	was	be	AUX
fsr-3478	44	40	merely	merely	ADV
fsr-3478	44	41	an	an	DET
fsr-3478	44	42	additional	additional	ADJ
fsr-3478	44	43	two	two	NUM
fsr-3478	44	44	years	year	NOUN
fsr-3478	44	45	.	.	PUNCT
fsr-3478	45	1	however	however	ADV
fsr-3478	45	2	,	,	PUNCT
fsr-3478	45	3	with	with	ADP
fsr-3478	45	4	improved	improved	ADJ
fsr-3478	45	5	working	working	NOUN
fsr-3478	45	6	conditions	condition	NOUN
fsr-3478	45	7	and	and	CCONJ
fsr-3478	45	8	increased	increase	VERB
fsr-3478	45	9	life	life	NOUN
fsr-3478	45	10	expectancy	expectancy	NOUN
fsr-3478	45	11	,	,	PUNCT
fsr-3478	45	12	the	the	DET
fsr-3478	45	13	amount	amount	NOUN
fsr-3478	45	14	of	of	ADP
fsr-3478	45	15	time	time	NOUN
fsr-3478	45	16	spent	spend	VERB
fsr-3478	45	17	in	in	ADP
fsr-3478	45	18	retirement	retirement	NOUN
fsr-3478	45	19	today	today	NOUN
fsr-3478	45	20	is	be	AUX
fsr-3478	45	21	now	now	ADV
fsr-3478	45	22	both	both	ADV
fsr-3478	45	23	longer	long	ADJ
fsr-3478	45	24	and	and	CCONJ
fsr-3478	45	25	also	also	ADV
fsr-3478	45	26	a	a	DET
fsr-3478	45	27	larger	large	ADJ
fsr-3478	45	28	proportion	proportion	NOUN
fsr-3478	45	29	of	of	ADP
fsr-3478	45	30	total	total	ADJ
fsr-3478	45	31	life	life	NOUN
fsr-3478	45	32	expectancy	expectancy	NOUN
fsr-3478	45	33	.	.	PUNCT
fsr-3478	46	1	retirement	retirement	NOUN
fsr-3478	46	2	income	income	NOUN
fsr-3478	46	3	is	be	AUX
fsr-3478	46	4	now	now	ADV
fsr-3478	46	5	needed	need	VERB
fsr-3478	46	6	for	for	ADP
fsr-3478	46	7	a	a	DET
fsr-3478	46	8	few	few	ADJ
fsr-3478	46	9	decades	decade	NOUN
fsr-3478	46	10	rather	rather	ADV
fsr-3478	46	11	than	than	ADP
fsr-3478	46	12	a	a	DET
fsr-3478	46	13	few	few	ADJ
fsr-3478	46	14	years	year	NOUN
fsr-3478	46	15	.	.	PUNCT
fsr-3478	47	1	the	the	DET
fsr-3478	47	2	reduction	reduction	NOUN
fsr-3478	47	3	in	in	ADP
fsr-3478	47	4	the	the	DET
fsr-3478	47	5	number	number	NOUN
fsr-3478	47	6	of	of	ADP
fsr-3478	47	7	defined	define	VERB
fsr-3478	47	8	-	-	PUNCT
fsr-3478	47	9	benefit	benefit	NOUN
fsr-3478	47	10	plans	plan	NOUN
fsr-3478	47	11	and	and	CCONJ
fsr-3478	47	12	an	an	DET
fsr-3478	47	13	increase	increase	NOUN
fsr-3478	47	14	in	in	ADP
fsr-3478	47	15	defined	define	VERB
fsr-3478	47	16	-	-	PUNCT
fsr-3478	47	17	contribution	contribution	NOUN
fsr-3478	47	18	plans	plan	NOUN
fsr-3478	47	19	,	,	PUNCT
fsr-3478	47	20	transfers	transfer	NOUN
fsr-3478	47	21	risk	risk	NOUN
fsr-3478	47	22	from	from	ADP
fsr-3478	47	23	the	the	DET
fsr-3478	47	24	employer	employer	NOUN
fsr-3478	47	25	to	to	ADP
fsr-3478	47	26	the	the	DET
fsr-3478	47	27	retirement	retirement	NOUN
fsr-3478	47	28	saver	saver	NOUN
fsr-3478	47	29	.	.	PUNCT
fsr-3478	48	1	employees	employee	NOUN
fsr-3478	48	2	are	be	AUX
fsr-3478	48	3	now	now	ADV
fsr-3478	48	4	responsible	responsible	ADJ
fsr-3478	48	5	for	for	ADP
fsr-3478	48	6	the	the	DET
fsr-3478	48	7	saving	saving	NOUN
fsr-3478	48	8	decision	decision	NOUN
fsr-3478	48	9	,	,	PUNCT
fsr-3478	48	10	the	the	DET
fsr-3478	48	11	asset	asset	NOUN
fsr-3478	48	12	allocation	allocation	NOUN
fsr-3478	48	13	decision	decision	NOUN
fsr-3478	48	14	,	,	PUNCT
fsr-3478	48	15	and	and	CCONJ
fsr-3478	48	16	the	the	DET
fsr-3478	48	17	asset	asset	NOUN
fsr-3478	48	18	withdrawal	withdrawal	NOUN
fsr-3478	48	19	decision	decision	NOUN
fsr-3478	48	20	,	,	PUNCT
fsr-3478	48	21	while	while	SCONJ
fsr-3478	48	22	simultaneously	simultaneously	ADV
fsr-3478	48	23	accepting	accept	VERB
fsr-3478	48	24	the	the	DET
fsr-3478	48	25	real	real	ADJ
fsr-3478	48	26	danger	danger	NOUN
fsr-3478	48	27	of	of	ADP
fsr-3478	48	28	premature	premature	ADJ
fsr-3478	48	29	retirement	retirement	NOUN
fsr-3478	48	30	portfolio	portfolio	NOUN
fsr-3478	48	31	depletion	depletion	NOUN
fsr-3478	48	32	(	(	PUNCT
fsr-3478	48	33	“	"	PUNCT
fsr-3478	48	34	portfolio	portfolio	NOUN
fsr-3478	48	35	failure	failure	NOUN
fsr-3478	48	36	”	"	PUNCT
fsr-3478	48	37	)	)	PUNCT
fsr-3478	48	38	.	.	PUNCT
fsr-3478	49	1	the	the	DET
fsr-3478	49	2	determination	determination	NOUN
fsr-3478	49	3	of	of	ADP
fsr-3478	49	4	a	a	DET
fsr-3478	49	5	sustainable	sustainable	ADJ
fsr-3478	49	6	withdrawal	withdrawal	NOUN
fsr-3478	49	7	rate	rate	NOUN
fsr-3478	49	8	that	that	PRON
fsr-3478	49	9	would	would	AUX
fsr-3478	49	10	reduce	reduce	VERB
fsr-3478	49	11	the	the	DET
fsr-3478	49	12	probability	probability	NOUN
fsr-3478	49	13	of	of	ADP
fsr-3478	49	14	portfolio	portfolio	NOUN
fsr-3478	49	15	failure	failure	NOUN
fsr-3478	49	16	has	have	AUX
fsr-3478	49	17	been	be	AUX
fsr-3478	49	18	addressed	address	VERB
fsr-3478	49	19	in	in	ADP
fsr-3478	49	20	a	a	DET
fsr-3478	49	21	number	number	NOUN
fsr-3478	49	22	of	of	ADP
fsr-3478	49	23	prior	prior	ADJ
fsr-3478	49	24	studies	study	NOUN
fsr-3478	49	25	generally	generally	ADV
fsr-3478	49	26	using	use	VERB
fsr-3478	49	27	the	the	DET
fsr-3478	49	28	overlapping	overlap	VERB
fsr-3478	49	29	periods	period	NOUN
fsr-3478	49	30	methodology	methodology	NOUN
fsr-3478	49	31	or	or	CCONJ
fsr-3478	49	32	simulation	simulation	NOUN
fsr-3478	49	33	methodology	methodology	NOUN
fsr-3478	49	34	.	.	PUNCT
fsr-3478	50	1	a	a	DET
fsr-3478	50	2	historical	historical	ADJ
fsr-3478	50	3	analysis	analysis	NOUN
fsr-3478	50	4	of	of	ADP
fsr-3478	50	5	the	the	DET
fsr-3478	50	6	overlapping	overlap	VERB
fsr-3478	50	7	retirement	retirement	NOUN
fsr-3478	50	8	experiences	experience	NOUN
fsr-3478	50	9	of	of	ADP
fsr-3478	50	10	individuals	individual	NOUN
fsr-3478	50	11	retiring	retire	VERB
fsr-3478	50	12	between	between	ADP
fsr-3478	50	13	1926	1926	NUM
fsr-3478	50	14	and	and	CCONJ
fsr-3478	50	15	1980	1980	NUM
fsr-3478	50	16	led	lead	VERB
fsr-3478	50	17	to	to	ADP
fsr-3478	50	18	the	the	DET
fsr-3478	50	19	early	early	ADJ
fsr-3478	50	20	consensus	consensus	NOUN
fsr-3478	50	21	that	that	SCONJ
fsr-3478	50	22	a	a	DET
fsr-3478	50	23	retiree	retiree	NOUN
fsr-3478	50	24	with	with	ADP
fsr-3478	50	25	a	a	DET
fsr-3478	50	26	diversified	diversified	ADJ
fsr-3478	50	27	portfolio	portfolio	NOUN
fsr-3478	50	28	could	could	AUX
fsr-3478	50	29	make	make	VERB
fsr-3478	50	30	inflation	inflation	NOUN
fsr-3478	50	31	-	-	PUNCT
fsr-3478	50	32	adjusted	adjust	VERB
fsr-3478	50	33	annual	annual	ADJ
fsr-3478	50	34	withdrawals	withdrawal	NOUN
fsr-3478	50	35	equal	equal	ADJ
fsr-3478	50	36	to	to	ADP
fsr-3478	50	37	4	4	NUM
fsr-3478	50	38	%	%	NOUN
fsr-3478	50	39	of	of	ADP
fsr-3478	50	40	the	the	DET
fsr-3478	50	41	initial	initial	ADJ
fsr-3478	50	42	portfolio	portfolio	NOUN
fsr-3478	50	43	balance	balance	NOUN
fsr-3478	50	44	with	with	ADP
fsr-3478	50	45	a	a	DET
fsr-3478	50	46	low	low	ADJ
fsr-3478	50	47	chance	chance	NOUN
fsr-3478	50	48	of	of	ADP
fsr-3478	50	49	depleting	deplete	VERB
fsr-3478	50	50	the	the	DET
fsr-3478	50	51	retirement	retirement	NOUN
fsr-3478	50	52	portfolio	portfolio	NOUN
fsr-3478	50	53	over	over	ADP
fsr-3478	50	54	a	a	DET
fsr-3478	50	55	30	30	NUM
fsr-3478	50	56	-	-	PUNCT
fsr-3478	50	57	year	year	NOUN
fsr-3478	50	58	retirement	retirement	NOUN
fsr-3478	50	59	horizon	horizon	NOUN
fsr-3478	50	60	.	.	PUNCT
fsr-3478	51	1	this	this	DET
fsr-3478	51	2	4	4	NUM
fsr-3478	51	3	%	%	NOUN
fsr-3478	51	4	rule	rule	NOUN
fsr-3478	51	5	refers	refer	VERB
fsr-3478	51	6	to	to	ADP
fsr-3478	51	7	the	the	DET
fsr-3478	51	8	popular	popular	ADJ
fsr-3478	51	9	withdrawal	withdrawal	NOUN
fsr-3478	51	10	rate	rate	NOUN
fsr-3478	51	11	that	that	PRON
fsr-3478	51	12	originated	originate	VERB
fsr-3478	51	13	from	from	ADP
fsr-3478	51	14	studies	study	NOUN
fsr-3478	51	15	like	like	ADP
fsr-3478	51	16	bierwirth	bierwirth	NOUN
fsr-3478	51	17	(	(	PUNCT
fsr-3478	51	18	1994	1994	NUM
fsr-3478	51	19	)	)	PUNCT
fsr-3478	51	20	,	,	PUNCT
fsr-3478	51	21	bengen	bengen	X
fsr-3478	51	22	(	(	PUNCT
fsr-3478	51	23	1994	1994	NUM
fsr-3478	51	24	)	)	PUNCT
fsr-3478	51	25	,	,	PUNCT
fsr-3478	51	26	and	and	CCONJ
fsr-3478	51	27	cooley	cooley	PROPN
fsr-3478	51	28	,	,	PUNCT
fsr-3478	51	29	hubbard	hubbard	PROPN
fsr-3478	51	30	,	,	PUNCT
fsr-3478	51	31	and	and	CCONJ
fsr-3478	51	32	walz	walz	PROPN
fsr-3478	51	33	(	(	PUNCT
fsr-3478	51	34	1998	1998	NUM
fsr-3478	51	35	)	)	PUNCT
fsr-3478	51	36	that	that	PRON
fsr-3478	51	37	were	be	AUX
fsr-3478	51	38	meant	mean	VERB
fsr-3478	51	39	to	to	PART
fsr-3478	51	40	dispel	dispel	VERB
fsr-3478	51	41	the	the	DET
fsr-3478	51	42	notion	notion	NOUN
fsr-3478	51	43	that	that	SCONJ
fsr-3478	51	44	higher	high	ADJ
fsr-3478	51	45	m.	m.	NOUN
fsr-3478	51	46	athavale	athavale	PROPN
fsr-3478	51	47	et	et	PROPN
fsr-3478	51	48	al	al	PROPN
fsr-3478	51	49	.	.	PUNCT
fsr-3478	51	50	/	/	SYM
fsr-3478	51	51	financial	financial	ADJ
fsr-3478	51	52	services	service	NOUN
fsr-3478	51	53	review	review	VERB
fsr-3478	51	54	30	30	NUM
fsr-3478	51	55	(	(	PUNCT
fsr-3478	51	56	2022	2022	NUM
fsr-3478	51	57	)	)	PUNCT
fsr-3478	52	1	125–143	125–143	NOUN
fsr-3478	52	2	127	127	NUM
fsr-3478	52	3	withdrawal	withdrawal	NOUN
fsr-3478	52	4	rates	rate	NOUN
fsr-3478	52	5	that	that	PRON
fsr-3478	52	6	matched	match	VERB
fsr-3478	52	7	the	the	DET
fsr-3478	52	8	historic	historic	ADJ
fsr-3478	52	9	average	average	ADJ
fsr-3478	52	10	real	real	ADJ
fsr-3478	52	11	returns	return	NOUN
fsr-3478	52	12	on	on	ADP
fsr-3478	52	13	a	a	DET
fsr-3478	52	14	diversified	diversified	ADJ
fsr-3478	52	15	portfolio	portfolio	NOUN
fsr-3478	52	16	(	(	PUNCT
fsr-3478	52	17	between	between	ADP
fsr-3478	52	18	5	5	NUM
fsr-3478	52	19	%	%	NOUN
fsr-3478	52	20	to	to	PART
fsr-3478	52	21	6	6	NUM
fsr-3478	52	22	%	%	NOUN
fsr-3478	52	23	)	)	PUNCT
fsr-3478	52	24	were	be	AUX
fsr-3478	52	25	sustainable	sustainable	ADJ
fsr-3478	52	26	over	over	ADP
fsr-3478	52	27	the	the	DET
fsr-3478	52	28	retirement	retirement	NOUN
fsr-3478	52	29	horizon	horizon	NOUN
fsr-3478	52	30	.	.	PUNCT
fsr-3478	53	1	saving	save	VERB
fsr-3478	53	2	for	for	ADP
fsr-3478	53	3	retirement	retirement	NOUN
fsr-3478	53	4	is	be	AUX
fsr-3478	53	5	challenging	challenging	ADJ
fsr-3478	53	6	,	,	PUNCT
fsr-3478	53	7	and	and	CCONJ
fsr-3478	53	8	most	most	ADJ
fsr-3478	53	9	employees	employee	NOUN
fsr-3478	53	10	have	have	VERB
fsr-3478	53	11	little	little	ADJ
fsr-3478	53	12	training	training	NOUN
fsr-3478	53	13	upon	upon	SCONJ
fsr-3478	53	14	which	which	PRON
fsr-3478	53	15	to	to	PART
fsr-3478	53	16	draw	draw	VERB
fsr-3478	53	17	in	in	ADP
fsr-3478	53	18	making	make	VERB
fsr-3478	53	19	the	the	DET
fsr-3478	53	20	relevant	relevant	ADJ
fsr-3478	53	21	decisions	decision	NOUN
fsr-3478	53	22	(	(	PUNCT
fsr-3478	53	23	benartzi	benartzi	NOUN
fsr-3478	53	24	&	&	CCONJ
fsr-3478	53	25	thaler	thaler	PROPN
fsr-3478	53	26	,	,	PUNCT
fsr-3478	53	27	2007	2007	NUM
fsr-3478	53	28	,	,	PUNCT
fsr-3478	53	29	p.102	p.102	NUM
fsr-3478	53	30	)	)	PUNCT
fsr-3478	53	31	.	.	PUNCT
fsr-3478	54	1	similarly	similarly	ADV
fsr-3478	54	2	,	,	PUNCT
fsr-3478	54	3	most	most	ADJ
fsr-3478	54	4	retirees	retiree	NOUN
fsr-3478	54	5	lack	lack	VERB
fsr-3478	54	6	the	the	DET
fsr-3478	54	7	skills	skill	NOUN
fsr-3478	54	8	required	require	VERB
fsr-3478	54	9	to	to	PART
fsr-3478	54	10	manage	manage	VERB
fsr-3478	54	11	their	their	PRON
fsr-3478	54	12	retirement	retirement	NOUN
fsr-3478	54	13	portfolio	portfolio	NOUN
fsr-3478	54	14	successfully	successfully	ADV
fsr-3478	54	15	,	,	PUNCT
fsr-3478	54	16	highlighting	highlight	VERB
fsr-3478	54	17	the	the	DET
fsr-3478	54	18	need	need	NOUN
fsr-3478	54	19	for	for	ADP
fsr-3478	54	20	practical	practical	ADJ
fsr-3478	54	21	and	and	CCONJ
fsr-3478	54	22	easily	easily	ADV
fsr-3478	54	23	understood	understand	VERB
fsr-3478	54	24	solutions	solution	NOUN
fsr-3478	54	25	to	to	ADP
fsr-3478	54	26	generating	generate	VERB
fsr-3478	54	27	sustainable	sustainable	ADJ
fsr-3478	54	28	retirement	retirement	NOUN
fsr-3478	54	29	income	income	NOUN
fsr-3478	54	30	(	(	PUNCT
fsr-3478	54	31	or	or	CCONJ
fsr-3478	54	32	,	,	PUNCT
fsr-3478	54	33	alternately	alternately	ADV
fsr-3478	54	34	,	,	PUNCT
fsr-3478	54	35	the	the	DET
fsr-3478	54	36	need	need	NOUN
fsr-3478	54	37	for	for	ADP
fsr-3478	54	38	an	an	DET
fsr-3478	54	39	experienced	experienced	ADJ
fsr-3478	54	40	and	and	CCONJ
fsr-3478	54	41	reputable	reputable	ADJ
fsr-3478	54	42	financial	financial	ADJ
fsr-3478	54	43	advisor	advisor	NOUN
fsr-3478	54	44	)	)	PUNCT
fsr-3478	54	45	.	.	PUNCT
fsr-3478	55	1	merton	merton	PROPN
fsr-3478	55	2	(	(	PUNCT
fsr-3478	55	3	2014	2014	NUM
fsr-3478	55	4	,	,	PUNCT
fsr-3478	55	5	p.1408	p.1408	ADJ
fsr-3478	55	6	)	)	PUNCT
fsr-3478	55	7	states	state	VERB
fsr-3478	55	8	that	that	SCONJ
fsr-3478	55	9	requiring	require	VERB
fsr-3478	55	10	people	people	NOUN
fsr-3478	55	11	to	to	PART
fsr-3478	55	12	save	save	VERB
fsr-3478	55	13	for	for	ADP
fsr-3478	55	14	retirement	retirement	NOUN
fsr-3478	55	15	is	be	AUX
fsr-3478	55	16	reasonable	reasonable	ADJ
fsr-3478	55	17	,	,	PUNCT
fsr-3478	55	18	but	but	CCONJ
fsr-3478	55	19	expecting	expect	VERB
fsr-3478	55	20	them	they	PRON
fsr-3478	55	21	to	to	PART
fsr-3478	55	22	acquire	acquire	VERB
fsr-3478	55	23	the	the	DET
fsr-3478	55	24	expertise	expertise	NOUN
fsr-3478	55	25	necessary	necessary	ADJ
fsr-3478	55	26	to	to	PART
fsr-3478	55	27	make	make	VERB
fsr-3478	55	28	investment	investment	NOUN
fsr-3478	55	29	and	and	CCONJ
fsr-3478	55	30	withdrawal	withdrawal	NOUN
fsr-3478	55	31	decisions	decision	NOUN
fsr-3478	55	32	is	be	AUX
fsr-3478	55	33	not	not	PART
fsr-3478	55	34	reasonable	reasonable	ADJ
fsr-3478	55	35	.	.	PUNCT
fsr-3478	56	1	further	far	ADV
fsr-3478	56	2	,	,	PUNCT
fsr-3478	56	3	cognitive	cognitive	ADJ
fsr-3478	56	4	functions	function	NOUN
fsr-3478	56	5	may	may	AUX
fsr-3478	56	6	decline	decline	VERB
fsr-3478	56	7	in	in	ADP
fsr-3478	56	8	retirement	retirement	NOUN
fsr-3478	56	9	(	(	PUNCT
fsr-3478	56	10	bonsang	bonsang	PROPN
fsr-3478	56	11	,	,	PUNCT
fsr-3478	56	12	adam	adam	PROPN
fsr-3478	56	13	,	,	PUNCT
fsr-3478	56	14	&	&	CCONJ
fsr-3478	56	15	perelman	perelman	PROPN
fsr-3478	56	16	,	,	PUNCT
fsr-3478	56	17	2012	2012	NUM
fsr-3478	56	18	)	)	PUNCT
fsr-3478	56	19	and	and	CCONJ
fsr-3478	56	20	while	while	SCONJ
fsr-3478	56	21	the	the	DET
fsr-3478	56	22	portfolio	portfolio	NOUN
fsr-3478	56	23	decisions	decision	NOUN
fsr-3478	56	24	of	of	ADP
fsr-3478	56	25	older	old	ADJ
fsr-3478	56	26	investors	investor	NOUN
fsr-3478	56	27	may	may	AUX
fsr-3478	56	28	reflect	reflect	VERB
fsr-3478	56	29	greater	great	ADJ
fsr-3478	56	30	knowledge	knowledge	NOUN
fsr-3478	56	31	about	about	ADP
fsr-3478	56	32	investing	investing	NOUN
fsr-3478	56	33	,	,	PUNCT
fsr-3478	56	34	their	their	PRON
fsr-3478	56	35	investment	investment	NOUN
fsr-3478	56	36	skill	skill	NOUN
fsr-3478	56	37	does	do	AUX
fsr-3478	56	38	deteriorate	deteriorate	VERB
fsr-3478	56	39	with	with	ADP
fsr-3478	56	40	age	age	NOUN
fsr-3478	56	41	due	due	ADP
fsr-3478	56	42	to	to	ADP
fsr-3478	56	43	the	the	DET
fsr-3478	56	44	adverse	adverse	ADJ
fsr-3478	56	45	effects	effect	NOUN
fsr-3478	56	46	of	of	ADP
fsr-3478	56	47	cognitive	cognitive	ADJ
fsr-3478	56	48	aging	aging	NOUN
fsr-3478	56	49	(	(	PUNCT
fsr-3478	56	50	korniotis	korniotis	PROPN
fsr-3478	56	51	&	&	CCONJ
fsr-3478	56	52	kumar	kumar	PROPN
fsr-3478	56	53	,	,	PUNCT
fsr-3478	56	54	2011	2011	NUM
fsr-3478	56	55	)	)	PUNCT
fsr-3478	56	56	.	.	PUNCT
fsr-3478	57	1	this	this	PRON
fsr-3478	57	2	is	be	AUX
fsr-3478	57	3	where	where	SCONJ
fsr-3478	57	4	retirees	retiree	NOUN
fsr-3478	57	5	may	may	AUX
fsr-3478	57	6	find	find	VERB
fsr-3478	57	7	the	the	DET
fsr-3478	57	8	4	4	NUM
fsr-3478	57	9	%	%	NOUN
fsr-3478	57	10	rule	rule	NOUN
fsr-3478	57	11	to	to	PART
fsr-3478	57	12	be	be	AUX
fsr-3478	57	13	useful	useful	ADJ
fsr-3478	57	14	,	,	PUNCT
fsr-3478	57	15	and	and	CCONJ
fsr-3478	57	16	it	it	PRON
fsr-3478	57	17	is	be	AUX
fsr-3478	57	18	certainly	certainly	ADV
fsr-3478	57	19	a	a	DET
fsr-3478	57	20	reasonable	reasonable	ADJ
fsr-3478	57	21	and	and	CCONJ
fsr-3478	57	22	intuitive	intuitive	ADJ
fsr-3478	57	23	starting	starting	NOUN
fsr-3478	57	24	point	point	NOUN
fsr-3478	57	25	in	in	ADP
fsr-3478	57	26	the	the	DET
fsr-3478	57	27	retirement	retirement	NOUN
fsr-3478	57	28	planning	planning	NOUN
fsr-3478	57	29	process	process	NOUN
fsr-3478	57	30	.	.	PUNCT
fsr-3478	58	1	indeed	indeed	ADV
fsr-3478	58	2	,	,	PUNCT
fsr-3478	58	3	cooley	cooley	PROPN
fsr-3478	58	4	,	,	PUNCT
fsr-3478	58	5	hubbard	hubbard	PROPN
fsr-3478	58	6	,	,	PUNCT
fsr-3478	58	7	and	and	CCONJ
fsr-3478	58	8	walz	walz	PROPN
fsr-3478	58	9	(	(	PUNCT
fsr-3478	58	10	1998	1998	NUM
fsr-3478	58	11	,	,	PUNCT
fsr-3478	58	12	p.16	p.16	PROPN
fsr-3478	58	13	)	)	PUNCT
fsr-3478	58	14	argue	argue	VERB
fsr-3478	58	15	that	that	SCONJ
fsr-3478	58	16	individual	individual	ADJ
fsr-3478	58	17	experiences	experience	NOUN
fsr-3478	58	18	may	may	AUX
fsr-3478	58	19	vary	vary	VERB
fsr-3478	58	20	due	due	ADJ
fsr-3478	58	21	to	to	ADP
fsr-3478	58	22	personal	personal	ADJ
fsr-3478	58	23	behavioral	behavioral	ADJ
fsr-3478	58	24	traits	trait	NOUN
fsr-3478	58	25	,	,	PUNCT
fsr-3478	58	26	circumstances	circumstance	NOUN
fsr-3478	58	27	,	,	PUNCT
fsr-3478	58	28	and	and	CCONJ
fsr-3478	58	29	goals	goal	NOUN
fsr-3478	58	30	,	,	PUNCT
fsr-3478	58	31	and	and	CCONJ
fsr-3478	58	32	that	that	SCONJ
fsr-3478	58	33	no	no	DET
fsr-3478	58	34	single	single	ADJ
fsr-3478	58	35	rate	rate	NOUN
fsr-3478	58	36	appears	appear	VERB
fsr-3478	58	37	appropriate	appropriate	ADJ
fsr-3478	58	38	for	for	ADP
fsr-3478	58	39	every	every	DET
fsr-3478	58	40	investor	investor	NOUN
fsr-3478	58	41	.	.	PUNCT
fsr-3478	59	1	moreover	moreover	ADV
fsr-3478	59	2	,	,	PUNCT
fsr-3478	59	3	the	the	DET
fsr-3478	59	4	finding	finding	NOUN
fsr-3478	59	5	of	of	ADP
fsr-3478	59	6	a	a	DET
fsr-3478	59	7	4	4	NUM
fsr-3478	59	8	%	%	NOUN
fsr-3478	59	9	swr	swr	VERB
fsr-3478	59	10	itself	itself	PRON
fsr-3478	59	11	has	have	AUX
fsr-3478	59	12	been	be	AUX
fsr-3478	59	13	subject	subject	ADJ
fsr-3478	59	14	to	to	ADP
fsr-3478	59	15	various	various	ADJ
fsr-3478	59	16	challenges	challenge	NOUN
fsr-3478	59	17	.	.	PUNCT
fsr-3478	60	1	pfau	pfau	NOUN
fsr-3478	60	2	(	(	PUNCT
fsr-3478	60	3	2010	2010	NUM
fsr-3478	60	4	)	)	PUNCT
fsr-3478	60	5	contends	contend	VERB
fsr-3478	60	6	that	that	SCONJ
fsr-3478	60	7	the	the	DET
fsr-3478	60	8	early	early	ADJ
fsr-3478	60	9	consensus	consensus	NOUN
fsr-3478	60	10	may	may	AUX
fsr-3478	60	11	be	be	AUX
fsr-3478	60	12	an	an	DET
fsr-3478	60	13	artifact	artifact	NOUN
fsr-3478	60	14	of	of	ADP
fsr-3478	60	15	the	the	DET
fsr-3478	60	16	data	datum	NOUN
fsr-3478	60	17	used	use	VERB
fsr-3478	60	18	in	in	ADP
fsr-3478	60	19	the	the	DET
fsr-3478	60	20	analysis	analysis	NOUN
fsr-3478	60	21	for	for	ADP
fsr-3478	60	22	a	a	DET
fsr-3478	60	23	couple	couple	NOUN
fsr-3478	60	24	of	of	ADP
fsr-3478	60	25	reasons	reason	NOUN
fsr-3478	60	26	.	.	PUNCT
fsr-3478	61	1	first	first	ADV
fsr-3478	61	2	,	,	PUNCT
fsr-3478	61	3	the	the	DET
fsr-3478	61	4	use	use	NOUN
fsr-3478	61	5	of	of	ADP
fsr-3478	61	6	rolling	roll	VERB
fsr-3478	61	7	30	30	NUM
fsr-3478	61	8	-	-	PUNCT
fsr-3478	61	9	year	year	NOUN
fsr-3478	61	10	periods	period	NOUN
fsr-3478	61	11	emphasizes	emphasize	VERB
fsr-3478	61	12	data	datum	NOUN
fsr-3478	61	13	from	from	ADP
fsr-3478	61	14	the	the	DET
fsr-3478	61	15	middle	middle	NOUN
fsr-3478	61	16	of	of	ADP
fsr-3478	61	17	the	the	DET
fsr-3478	61	18	period	period	NOUN
fsr-3478	61	19	and	and	CCONJ
fsr-3478	61	20	hence	hence	ADV
fsr-3478	61	21	introduces	introduce	VERB
fsr-3478	61	22	temporal	temporal	ADJ
fsr-3478	61	23	bias	bias	NOUN
fsr-3478	61	24	in	in	ADP
fsr-3478	61	25	these	these	DET
fsr-3478	61	26	analyses	analysis	NOUN
fsr-3478	61	27	.	.	PUNCT
fsr-3478	62	1	second	second	ADJ
fsr-3478	62	2	,	,	PUNCT
fsr-3478	62	3	from	from	ADP
fsr-3478	62	4	an	an	DET
fsr-3478	62	5	international	international	ADJ
fsr-3478	62	6	perspective	perspective	NOUN
fsr-3478	62	7	,	,	PUNCT
fsr-3478	62	8	a	a	DET
fsr-3478	62	9	4	4	NUM
fsr-3478	62	10	%	%	NOUN
fsr-3478	62	11	real	real	ADJ
fsr-3478	62	12	withdrawal	withdrawal	NOUN
fsr-3478	62	13	rate	rate	NOUN
fsr-3478	62	14	would	would	AUX
fsr-3478	62	15	have	have	AUX
fsr-3478	62	16	been	be	AUX
fsr-3478	62	17	“	"	PUNCT
fsr-3478	62	18	safe	safe	ADJ
fsr-3478	62	19	”	"	PUNCT
fsr-3478	62	20	in	in	ADP
fsr-3478	62	21	only	only	ADV
fsr-3478	62	22	four	four	NUM
fsr-3478	62	23	of	of	ADP
fsr-3478	62	24	17	17	NUM
fsr-3478	62	25	developed	developed	ADJ
fsr-3478	62	26	countries	country	NOUN
fsr-3478	62	27	.	.	PUNCT
fsr-3478	63	1	these	these	DET
fsr-3478	63	2	results	result	NOUN
fsr-3478	63	3	are	be	AUX
fsr-3478	63	4	consistent	consistent	ADJ
fsr-3478	63	5	with	with	ADP
fsr-3478	63	6	dimson	dimson	NOUN
fsr-3478	63	7	,	,	PUNCT
fsr-3478	63	8	marsh	marsh	PROPN
fsr-3478	63	9	and	and	CCONJ
fsr-3478	63	10	staunton	staunton	PROPN
fsr-3478	63	11	(	(	PUNCT
fsr-3478	63	12	2004	2004	NUM
fsr-3478	63	13	)	)	PUNCT
fsr-3478	63	14	who	who	PRON
fsr-3478	63	15	explained	explain	VERB
fsr-3478	63	16	that	that	SCONJ
fsr-3478	63	17	the	the	DET
fsr-3478	63	18	united	united	PROPN
fsr-3478	63	19	states	states	PROPN
fsr-3478	63	20	has	have	AUX
fsr-3478	63	21	had	have	VERB
fsr-3478	63	22	higher	high	ADJ
fsr-3478	63	23	real	real	ADJ
fsr-3478	63	24	returns	return	NOUN
fsr-3478	63	25	and	and	CCONJ
fsr-3478	63	26	lower	low	ADJ
fsr-3478	63	27	market	market	NOUN
fsr-3478	63	28	volatility	volatility	NOUN
fsr-3478	63	29	during	during	ADP
fsr-3478	63	30	the	the	DET
fsr-3478	63	31	1900	1900	NUM
fsr-3478	63	32	to	to	ADP
fsr-3478	63	33	2002	2002	NUM
fsr-3478	63	34	period	period	NOUN
fsr-3478	63	35	when	when	SCONJ
fsr-3478	63	36	compared	compare	VERB
fsr-3478	63	37	with	with	ADP
fsr-3478	63	38	many	many	ADJ
fsr-3478	63	39	other	other	ADJ
fsr-3478	63	40	countries	country	NOUN
fsr-3478	63	41	.	.	PUNCT
fsr-3478	64	1	these	these	DET
fsr-3478	64	2	results	result	NOUN
fsr-3478	64	3	are	be	AUX
fsr-3478	64	4	also	also	ADV
fsr-3478	64	5	consistent	consistent	ADJ
fsr-3478	64	6	with	with	ADP
fsr-3478	64	7	estrada	estrada	PROPN
fsr-3478	64	8	(	(	PUNCT
fsr-3478	64	9	2018	2018	NUM
fsr-3478	64	10	,	,	PUNCT
fsr-3478	64	11	p.	p.	NOUN
fsr-3478	64	12	62	62	NUM
fsr-3478	64	13	)	)	PUNCT
fsr-3478	64	14	who	who	PRON
fsr-3478	64	15	examined	examine	VERB
fsr-3478	64	16	the	the	DET
fsr-3478	64	17	retirement	retirement	NOUN
fsr-3478	64	18	experience	experience	NOUN
fsr-3478	64	19	across	across	ADP
fsr-3478	64	20	21	21	NUM
fsr-3478	64	21	countries	country	NOUN
fsr-3478	64	22	and	and	CCONJ
fsr-3478	64	23	115	115	NUM
fsr-3478	64	24	years	year	NOUN
fsr-3478	64	25	using	use	VERB
fsr-3478	64	26	11	11	NUM
fsr-3478	64	27	asset	asset	NOUN
fsr-3478	64	28	allocations	allocation	NOUN
fsr-3478	64	29	.	.	PUNCT
fsr-3478	65	1	using	use	VERB
fsr-3478	65	2	equally	equally	ADV
fsr-3478	65	3	weighted	weight	VERB
fsr-3478	65	4	returns	return	NOUN
fsr-3478	65	5	to	to	ADP
fsr-3478	65	6	a	a	DET
fsr-3478	65	7	balanced	balanced	ADJ
fsr-3478	65	8	portfolio	portfolio	NOUN
fsr-3478	65	9	across	across	ADP
fsr-3478	65	10	all	all	DET
fsr-3478	65	11	countries	country	NOUN
fsr-3478	65	12	in	in	ADP
fsr-3478	65	13	the	the	DET
fsr-3478	65	14	sample	sample	NOUN
fsr-3478	65	15	,	,	PUNCT
fsr-3478	65	16	they	they	PRON
fsr-3478	65	17	find	find	VERB
fsr-3478	65	18	that	that	SCONJ
fsr-3478	65	19	a	a	DET
fsr-3478	65	20	retiree	retiree	NOUN
fsr-3478	65	21	with	with	ADP
fsr-3478	65	22	a	a	DET
fsr-3478	65	23	30	30	NUM
fsr-3478	65	24	-	-	PUNCT
fsr-3478	65	25	year	year	NOUN
fsr-3478	65	26	retirement	retirement	NOUN
fsr-3478	65	27	horizon	horizon	NOUN
fsr-3478	65	28	would	would	AUX
fsr-3478	65	29	face	face	VERB
fsr-3478	65	30	a	a	DET
fsr-3478	65	31	50	50	NUM
fsr-3478	65	32	%	%	NOUN
fsr-3478	65	33	probability	probability	NOUN
fsr-3478	65	34	of	of	ADP
fsr-3478	65	35	failure	failure	NOUN
fsr-3478	65	36	with	with	ADP
fsr-3478	65	37	a	a	DET
fsr-3478	65	38	4.8	4.8	NUM
fsr-3478	65	39	%	%	NOUN
fsr-3478	65	40	withdrawal	withdrawal	NOUN
fsr-3478	65	41	rate	rate	NOUN
fsr-3478	65	42	and	and	CCONJ
fsr-3478	65	43	could	could	AUX
fsr-3478	65	44	only	only	ADV
fsr-3478	65	45	withdraw	withdraw	VERB
fsr-3478	65	46	2.6	2.6	NUM
fsr-3478	65	47	%	%	NOUN
fsr-3478	65	48	if	if	SCONJ
fsr-3478	65	49	a	a	DET
fsr-3478	65	50	5	5	NUM
fsr-3478	65	51	%	%	NOUN
fsr-3478	65	52	probability	probability	NOUN
fsr-3478	65	53	of	of	ADP
fsr-3478	65	54	failure	failure	NOUN
fsr-3478	65	55	was	be	AUX
fsr-3478	65	56	desired	desire	VERB
fsr-3478	65	57	.	.	PUNCT
fsr-3478	66	1	further	far	ADV
fsr-3478	66	2	,	,	PUNCT
fsr-3478	66	3	the	the	DET
fsr-3478	66	4	maximum	maximum	ADJ
fsr-3478	66	5	withdrawal	withdrawal	NOUN
fsr-3478	66	6	rate	rate	NOUN
fsr-3478	66	7	varied	varied	ADJ
fsr-3478	66	8	substantially	substantially	ADV
fsr-3478	66	9	,	,	PUNCT
fsr-3478	66	10	leading	lead	VERB
fsr-3478	66	11	them	they	PRON
fsr-3478	66	12	to	to	PART
fsr-3478	66	13	conclude	conclude	VERB
fsr-3478	66	14	that	that	SCONJ
fsr-3478	66	15	individuals	individual	NOUN
fsr-3478	66	16	who	who	PRON
fsr-3478	66	17	retired	retire	VERB
fsr-3478	66	18	in	in	ADP
fsr-3478	66	19	some	some	DET
fsr-3478	66	20	countries	country	NOUN
fsr-3478	66	21	or	or	CCONJ
fsr-3478	66	22	at	at	ADP
fsr-3478	66	23	certain	certain	ADJ
fsr-3478	66	24	points	point	NOUN
fsr-3478	66	25	in	in	ADP
fsr-3478	66	26	time	time	NOUN
fsr-3478	66	27	had	have	VERB
fsr-3478	66	28	vastly	vastly	ADV
fsr-3478	66	29	different	different	ADJ
fsr-3478	66	30	standards	standard	NOUN
fsr-3478	66	31	of	of	ADP
fsr-3478	66	32	living	live	VERB
fsr-3478	66	33	than	than	ADP
fsr-3478	66	34	those	those	PRON
fsr-3478	66	35	who	who	PRON
fsr-3478	66	36	retired	retire	VERB
fsr-3478	66	37	in	in	ADP
fsr-3478	66	38	other	other	ADJ
fsr-3478	66	39	countries	country	NOUN
fsr-3478	66	40	or	or	CCONJ
fsr-3478	66	41	at	at	ADP
fsr-3478	66	42	other	other	ADJ
fsr-3478	66	43	points	point	NOUN
fsr-3478	66	44	in	in	ADP
fsr-3478	66	45	time	time	NOUN
fsr-3478	66	46	.	.	PUNCT
fsr-3478	67	1	the	the	DET
fsr-3478	67	2	success	success	NOUN
fsr-3478	67	3	of	of	ADP
fsr-3478	67	4	any	any	DET
fsr-3478	67	5	retirement	retirement	NOUN
fsr-3478	67	6	portfolio	portfolio	NOUN
fsr-3478	67	7	certainly	certainly	ADV
fsr-3478	67	8	depends	depend	VERB
fsr-3478	67	9	on	on	ADP
fsr-3478	67	10	the	the	DET
fsr-3478	67	11	expected	expect	VERB
fsr-3478	67	12	return	return	NOUN
fsr-3478	67	13	assumptions	assumption	NOUN
fsr-3478	67	14	used	use	VERB
fsr-3478	67	15	in	in	ADP
fsr-3478	67	16	the	the	DET
fsr-3478	67	17	analysis	analysis	NOUN
fsr-3478	67	18	.	.	PUNCT
fsr-3478	68	1	pye	pye	PROPN
fsr-3478	68	2	(	(	PUNCT
fsr-3478	68	3	2000	2000	NUM
fsr-3478	68	4	)	)	PUNCT
fsr-3478	68	5	showed	show	VERB
fsr-3478	68	6	that	that	SCONJ
fsr-3478	68	7	4	4	NUM
fsr-3478	68	8	%	%	NOUN
fsr-3478	68	9	withdrawals	withdrawal	NOUN
fsr-3478	68	10	from	from	ADP
fsr-3478	68	11	an	an	DET
fsr-3478	68	12	equity	equity	NOUN
fsr-3478	68	13	portfolio	portfolio	NOUN
fsr-3478	68	14	with	with	ADP
fsr-3478	68	15	8	8	NUM
fsr-3478	68	16	%	%	NOUN
fsr-3478	68	17	real	real	ADJ
fsr-3478	68	18	return	return	NOUN
fsr-3478	68	19	and	and	CCONJ
fsr-3478	68	20	18	18	NUM
fsr-3478	68	21	%	%	NOUN
fsr-3478	68	22	standard	standard	ADJ
fsr-3478	68	23	deviation	deviation	NOUN
fsr-3478	68	24	could	could	AUX
fsr-3478	68	25	be	be	AUX
fsr-3478	68	26	sustained	sustain	VERB
fsr-3478	68	27	for	for	ADP
fsr-3478	68	28	35	35	NUM
fsr-3478	68	29	years	year	NOUN
fsr-3478	68	30	with	with	ADP
fsr-3478	68	31	an	an	DET
fsr-3478	68	32	81	81	NUM
fsr-3478	68	33	%	%	NOUN
fsr-3478	68	34	chance	chance	NOUN
fsr-3478	68	35	of	of	ADP
fsr-3478	68	36	success	success	NOUN
fsr-3478	68	37	,	,	PUNCT
fsr-3478	68	38	but	but	CCONJ
fsr-3478	68	39	a	a	DET
fsr-3478	68	40	higher	high	ADJ
fsr-3478	68	41	4.5	4.5	NUM
fsr-3478	68	42	%	%	NOUN
fsr-3478	68	43	withdrawal	withdrawal	NOUN
fsr-3478	68	44	rate	rate	NOUN
fsr-3478	68	45	could	could	AUX
fsr-3478	68	46	be	be	AUX
fsr-3478	68	47	achieved	achieve	VERB
fsr-3478	68	48	by	by	ADP
fsr-3478	68	49	allocating	allocate	VERB
fsr-3478	68	50	60	60	NUM
fsr-3478	68	51	%	%	NOUN
fsr-3478	68	52	of	of	ADP
fsr-3478	68	53	the	the	DET
fsr-3478	68	54	portfolio	portfolio	NOUN
fsr-3478	68	55	to	to	PART
fsr-3478	68	56	treasury	treasury	VERB
fsr-3478	68	57	inflation	inflation	NOUN
fsr-3478	68	58	protected	protect	VERB
fsr-3478	68	59	securities	security	NOUN
fsr-3478	68	60	(	(	PUNCT
fsr-3478	68	61	tips	tip	NOUN
fsr-3478	68	62	)	)	PUNCT
fsr-3478	68	63	assuming	assume	VERB
fsr-3478	68	64	a	a	DET
fsr-3478	68	65	certain	certain	ADJ
fsr-3478	68	66	3.7	3.7	NUM
fsr-3478	68	67	%	%	NOUN
fsr-3478	68	68	real	real	ADJ
fsr-3478	68	69	return	return	NOUN
fsr-3478	68	70	.	.	PUNCT
fsr-3478	69	1	finke	finke	PROPN
fsr-3478	69	2	,	,	PUNCT
fsr-3478	69	3	pfau	pfau	NOUN
fsr-3478	69	4	,	,	PUNCT
fsr-3478	69	5	and	and	CCONJ
fsr-3478	69	6	blanchett	blanchett	PROPN
fsr-3478	69	7	(	(	PUNCT
fsr-3478	69	8	2013	2013	NUM
fsr-3478	69	9	)	)	PUNCT
fsr-3478	69	10	used	use	VERB
fsr-3478	69	11	simulations	simulation	NOUN
fsr-3478	69	12	to	to	PART
fsr-3478	69	13	review	review	VERB
fsr-3478	69	14	the	the	DET
fsr-3478	69	15	safe	safe	ADJ
fsr-3478	69	16	withdrawal	withdrawal	NOUN
fsr-3478	69	17	rate	rate	NOUN
fsr-3478	69	18	in	in	ADP
fsr-3478	69	19	the	the	DET
fsr-3478	69	20	current	current	ADJ
fsr-3478	69	21	low	low	ADJ
fsr-3478	69	22	-	-	PUNCT
fsr-3478	69	23	yield	yield	NOUN
fsr-3478	69	24	environment	environment	NOUN
fsr-3478	69	25	to	to	PART
fsr-3478	69	26	conclude	conclude	VERB
fsr-3478	69	27	that	that	SCONJ
fsr-3478	69	28	a	a	DET
fsr-3478	69	29	30	30	NUM
fsr-3478	69	30	-	-	PUNCT
fsr-3478	69	31	year	year	NOUN
fsr-3478	69	32	retirement	retirement	NOUN
fsr-3478	69	33	portfolio	portfolio	NOUN
fsr-3478	69	34	would	would	AUX
fsr-3478	69	35	have	have	VERB
fsr-3478	69	36	a	a	DET
fsr-3478	69	37	failure	failure	NOUN
fsr-3478	69	38	rate	rate	NOUN
fsr-3478	69	39	of	of	ADP
fsr-3478	69	40	18	18	NUM
fsr-3478	69	41	%	%	NOUN
fsr-3478	69	42	if	if	SCONJ
fsr-3478	69	43	yields	yield	NOUN
fsr-3478	69	44	revert	revert	VERB
fsr-3478	69	45	to	to	ADP
fsr-3478	69	46	their	their	PRON
fsr-3478	69	47	historic	historic	ADJ
fsr-3478	69	48	mean	mean	NOUN
fsr-3478	69	49	in	in	ADP
fsr-3478	69	50	5	5	NUM
fsr-3478	69	51	years	year	NOUN
fsr-3478	69	52	.	.	PUNCT
fsr-3478	70	1	similarly	similarly	ADV
fsr-3478	70	2	,	,	PUNCT
fsr-3478	70	3	blanchett	blanchett	PROPN
fsr-3478	70	4	,	,	PUNCT
fsr-3478	70	5	finke	finke	PROPN
fsr-3478	70	6	,	,	PUNCT
fsr-3478	70	7	and	and	CCONJ
fsr-3478	70	8	pfau	pfau	NOUN
fsr-3478	70	9	(	(	PUNCT
fsr-3478	70	10	2014	2014	NUM
fsr-3478	70	11	)	)	PUNCT
fsr-3478	70	12	test	test	NOUN
fsr-3478	70	13	the	the	DET
fsr-3478	70	14	sustainable	sustainable	ADJ
fsr-3478	70	15	withdrawal	withdrawal	NOUN
fsr-3478	70	16	rate	rate	NOUN
fsr-3478	70	17	in	in	ADP
fsr-3478	70	18	a	a	DET
fsr-3478	70	19	low	low	ADJ
fsr-3478	70	20	bond	bond	NOUN
fsr-3478	70	21	-	-	PUNCT
fsr-3478	70	22	yield	yield	NOUN
fsr-3478	70	23	environment	environment	NOUN
fsr-3478	70	24	and	and	CCONJ
fsr-3478	70	25	use	use	VERB
fsr-3478	70	26	a	a	DET
fsr-3478	70	27	drift	drift	NOUN
fsr-3478	70	28	model	model	NOUN
fsr-3478	70	29	of	of	ADP
fsr-3478	70	30	bond	bond	NOUN
fsr-3478	70	31	yields	yield	NOUN
fsr-3478	70	32	to	to	PART
fsr-3478	70	33	show	show	VERB
fsr-3478	70	34	that	that	SCONJ
fsr-3478	70	35	a	a	DET
fsr-3478	70	36	4	4	NUM
fsr-3478	70	37	%	%	NOUN
fsr-3478	70	38	initial	initial	ADJ
fsr-3478	70	39	withdrawal	withdrawal	NOUN
fsr-3478	70	40	rate	rate	NOUN
fsr-3478	70	41	has	have	VERB
fsr-3478	70	42	just	just	ADV
fsr-3478	70	43	a	a	DET
fsr-3478	70	44	50	50	NUM
fsr-3478	70	45	%	%	NOUN
fsr-3478	70	46	probability	probability	NOUN
fsr-3478	70	47	of	of	ADP
fsr-3478	70	48	success	success	NOUN
fsr-3478	70	49	over	over	ADP
fsr-3478	70	50	a	a	DET
fsr-3478	70	51	30	30	NUM
fsr-3478	70	52	-	-	PUNCT
fsr-3478	70	53	year	year	NOUN
fsr-3478	70	54	retirement	retirement	NOUN
fsr-3478	70	55	horizon	horizon	NOUN
fsr-3478	70	56	.	.	PUNCT
fsr-3478	71	1	128	128	NUM
fsr-3478	71	2	m.	m.	NOUN
fsr-3478	71	3	athavale	athavale	PROPN
fsr-3478	71	4	et	et	PROPN
fsr-3478	71	5	al	al	PROPN
fsr-3478	71	6	.	.	PUNCT
fsr-3478	71	7	/	/	SYM
fsr-3478	71	8	financial	financial	ADJ
fsr-3478	71	9	services	service	NOUN
fsr-3478	71	10	review	review	VERB
fsr-3478	71	11	30	30	NUM
fsr-3478	71	12	(	(	PUNCT
fsr-3478	71	13	2022	2022	NUM
fsr-3478	71	14	)	)	PUNCT
fsr-3478	71	15	125–143	125–143	NOUN
fsr-3478	71	16	thus	thus	ADV
fsr-3478	71	17	,	,	PUNCT
fsr-3478	71	18	there	there	PRON
fsr-3478	71	19	is	be	VERB
fsr-3478	71	20	some	some	DET
fsr-3478	71	21	evidence	evidence	NOUN
fsr-3478	71	22	that	that	SCONJ
fsr-3478	71	23	the	the	DET
fsr-3478	71	24	demonstrated	demonstrate	VERB
fsr-3478	71	25	success	success	NOUN
fsr-3478	71	26	of	of	ADP
fsr-3478	71	27	the	the	DET
fsr-3478	71	28	4	4	NUM
fsr-3478	71	29	%	%	NOUN
fsr-3478	71	30	rule	rule	NOUN
fsr-3478	71	31	is	be	AUX
fsr-3478	71	32	partly	partly	ADV
fsr-3478	71	33	an	an	DET
fsr-3478	71	34	anomaly	anomaly	NOUN
fsr-3478	71	35	of	of	ADP
fsr-3478	71	36	historic	historic	ADJ
fsr-3478	71	37	u.s	u.s	PROPN
fsr-3478	71	38	.	.	PROPN
fsr-3478	71	39	market	market	NOUN
fsr-3478	71	40	returns	return	NOUN
fsr-3478	71	41	and	and	CCONJ
fsr-3478	71	42	assumptions	assumption	NOUN
fsr-3478	71	43	of	of	ADP
fsr-3478	71	44	expected	expect	VERB
fsr-3478	71	45	returns	return	NOUN
fsr-3478	71	46	.	.	PUNCT
fsr-3478	72	1	the	the	DET
fsr-3478	72	2	implication	implication	NOUN
fsr-3478	72	3	from	from	ADP
fsr-3478	72	4	these	these	DET
fsr-3478	72	5	studies	study	NOUN
fsr-3478	72	6	is	be	AUX
fsr-3478	72	7	that	that	SCONJ
fsr-3478	72	8	the	the	DET
fsr-3478	72	9	historical	historical	ADJ
fsr-3478	72	10	asset	asset	NOUN
fsr-3478	72	11	returns	return	NOUN
fsr-3478	72	12	used	use	VERB
fsr-3478	72	13	in	in	ADP
fsr-3478	72	14	the	the	DET
fsr-3478	72	15	overlapping	overlap	VERB
fsr-3478	72	16	periods	period	NOUN
fsr-3478	72	17	model	model	NOUN
fsr-3478	72	18	are	be	AUX
fsr-3478	72	19	not	not	PART
fsr-3478	72	20	suitable	suitable	ADJ
fsr-3478	72	21	for	for	ADP
fsr-3478	72	22	forward	forward	ADV
fsr-3478	72	23	-	-	PUNCT
fsr-3478	72	24	looking	look	VERB
fsr-3478	72	25	forecasts	forecast	NOUN
fsr-3478	72	26	on	on	ADP
fsr-3478	72	27	which	which	PRON
fsr-3478	72	28	retirement	retirement	NOUN
fsr-3478	72	29	withdrawal	withdrawal	NOUN
fsr-3478	72	30	strategies	strategy	NOUN
fsr-3478	72	31	should	should	AUX
fsr-3478	72	32	be	be	AUX
fsr-3478	72	33	based	base	VERB
fsr-3478	72	34	.	.	PUNCT
fsr-3478	73	1	further	far	ADV
fsr-3478	73	2	,	,	PUNCT
fsr-3478	73	3	asset	asset	NOUN
fsr-3478	73	4	returns	return	NOUN
fsr-3478	73	5	experienced	experience	VERB
fsr-3478	73	6	in	in	ADP
fsr-3478	73	7	the	the	DET
fsr-3478	73	8	last	last	ADJ
fsr-3478	73	9	decade	decade	NOUN
fsr-3478	73	10	appear	appear	VERB
fsr-3478	73	11	to	to	PART
fsr-3478	73	12	have	have	AUX
fsr-3478	73	13	disrupted	disrupt	VERB
fsr-3478	73	14	the	the	DET
fsr-3478	73	15	conventional	conventional	ADJ
fsr-3478	73	16	thinking	thinking	NOUN
fsr-3478	73	17	about	about	ADP
fsr-3478	73	18	the	the	DET
fsr-3478	73	19	safe	safe	ADJ
fsr-3478	73	20	withdrawal	withdrawal	NOUN
fsr-3478	73	21	rate	rate	NOUN
fsr-3478	73	22	,	,	PUNCT
fsr-3478	73	23	and	and	CCONJ
fsr-3478	73	24	athavale	athavale	NOUN
fsr-3478	73	25	and	and	CCONJ
fsr-3478	73	26	goebel	goebel	NOUN
fsr-3478	73	27	(	(	PUNCT
fsr-3478	73	28	2011	2011	NUM
fsr-3478	73	29	)	)	PUNCT
fsr-3478	73	30	reinforced	reinforce	VERB
fsr-3478	73	31	the	the	DET
fsr-3478	73	32	notion	notion	NOUN
fsr-3478	73	33	that	that	SCONJ
fsr-3478	73	34	the	the	DET
fsr-3478	73	35	4	4	NUM
fsr-3478	73	36	%	%	NOUN
fsr-3478	73	37	rule	rule	NOUN
fsr-3478	73	38	constitutes	constitute	VERB
fsr-3478	73	39	a	a	DET
fsr-3478	73	40	probabilistic	probabilistic	ADJ
fsr-3478	73	41	model	model	NOUN
fsr-3478	73	42	and	and	CCONJ
fsr-3478	73	43	past	past	ADJ
fsr-3478	73	44	success	success	NOUN
fsr-3478	73	45	does	do	AUX
fsr-3478	73	46	not	not	PART
fsr-3478	73	47	guarantee	guarantee	VERB
fsr-3478	73	48	future	future	ADJ
fsr-3478	73	49	success	success	NOUN
fsr-3478	73	50	.	.	PUNCT
fsr-3478	74	1	in	in	ADP
fsr-3478	74	2	addition	addition	NOUN
fsr-3478	74	3	to	to	ADP
fsr-3478	74	4	returns	return	NOUN
fsr-3478	74	5	,	,	PUNCT
fsr-3478	74	6	there	there	PRON
fsr-3478	74	7	is	be	VERB
fsr-3478	74	8	some	some	DET
fsr-3478	74	9	evidence	evidence	NOUN
fsr-3478	74	10	that	that	SCONJ
fsr-3478	74	11	the	the	DET
fsr-3478	74	12	standard	standard	ADJ
fsr-3478	74	13	deviation	deviation	NOUN
fsr-3478	74	14	of	of	ADP
fsr-3478	74	15	returns	return	NOUN
fsr-3478	74	16	and	and	CCONJ
fsr-3478	74	17	the	the	DET
fsr-3478	74	18	sequence	sequence	NOUN
fsr-3478	74	19	of	of	ADP
fsr-3478	74	20	returns	return	NOUN
fsr-3478	74	21	may	may	AUX
fsr-3478	74	22	impact	impact	VERB
fsr-3478	74	23	the	the	DET
fsr-3478	74	24	success	success	NOUN
fsr-3478	74	25	of	of	ADP
fsr-3478	74	26	a	a	DET
fsr-3478	74	27	retirement	retirement	NOUN
fsr-3478	74	28	portfolio	portfolio	NOUN
fsr-3478	74	29	.	.	PUNCT
fsr-3478	75	1	blanchett	blanchett	PROPN
fsr-3478	75	2	and	and	CCONJ
fsr-3478	75	3	blanchett	blanchett	PROPN
fsr-3478	75	4	(	(	PUNCT
fsr-3478	75	5	2008	2008	NUM
fsr-3478	75	6	)	)	PUNCT
fsr-3478	75	7	investigate	investigate	VERB
fsr-3478	75	8	the	the	DET
fsr-3478	75	9	relative	relative	ADJ
fsr-3478	75	10	importance	importance	NOUN
fsr-3478	75	11	of	of	ADP
fsr-3478	75	12	portfolio	portfolio	NOUN
fsr-3478	75	13	return	return	NOUN
fsr-3478	75	14	and	and	CCONJ
fsr-3478	75	15	standard	standard	ADJ
fsr-3478	75	16	deviation	deviation	NOUN
fsr-3478	75	17	on	on	ADP
fsr-3478	75	18	portfolio	portfolio	NOUN
fsr-3478	75	19	success	success	NOUN
fsr-3478	75	20	using	use	VERB
fsr-3478	75	21	the	the	DET
fsr-3478	75	22	standard	standard	ADJ
fsr-3478	75	23	4	4	NUM
fsr-3478	75	24	%	%	NOUN
fsr-3478	75	25	withdrawal	withdrawal	NOUN
fsr-3478	75	26	rate	rate	NOUN
fsr-3478	75	27	over	over	ADP
fsr-3478	75	28	a	a	DET
fsr-3478	75	29	30	30	NUM
fsr-3478	75	30	-	-	PUNCT
fsr-3478	75	31	year	year	NOUN
fsr-3478	75	32	period	period	NOUN
fsr-3478	75	33	.	.	PUNCT
fsr-3478	76	1	they	they	PRON
fsr-3478	76	2	find	find	VERB
fsr-3478	76	3	that	that	SCONJ
fsr-3478	76	4	a	a	DET
fsr-3478	76	5	1	1	NUM
fsr-3478	76	6	%	%	NOUN
fsr-3478	76	7	reduction	reduction	NOUN
fsr-3478	76	8	in	in	ADP
fsr-3478	76	9	returns	return	NOUN
fsr-3478	76	10	is	be	AUX
fsr-3478	76	11	likely	likely	ADJ
fsr-3478	76	12	to	to	PART
fsr-3478	76	13	result	result	VERB
fsr-3478	76	14	in	in	ADP
fsr-3478	76	15	an	an	DET
fsr-3478	76	16	increase	increase	NOUN
fsr-3478	76	17	in	in	ADP
fsr-3478	76	18	the	the	DET
fsr-3478	76	19	probability	probability	NOUN
fsr-3478	76	20	of	of	ADP
fsr-3478	76	21	failure	failure	NOUN
fsr-3478	76	22	that	that	PRON
fsr-3478	76	23	is	be	AUX
fsr-3478	76	24	approximately	approximately	ADV
fsr-3478	76	25	four	four	NUM
fsr-3478	76	26	times	time	NOUN
fsr-3478	76	27	greater	great	ADJ
fsr-3478	76	28	than	than	ADP
fsr-3478	76	29	a	a	DET
fsr-3478	76	30	1	1	NUM
fsr-3478	76	31	%	%	NOUN
fsr-3478	76	32	increase	increase	NOUN
fsr-3478	76	33	in	in	ADP
fsr-3478	76	34	portfolio	portfolio	NOUN
fsr-3478	76	35	standard	standard	ADJ
fsr-3478	76	36	deviation	deviation	NOUN
fsr-3478	76	37	,	,	PUNCT
fsr-3478	76	38	leading	lead	VERB
fsr-3478	76	39	them	they	PRON
fsr-3478	76	40	to	to	PART
fsr-3478	76	41	conclude	conclude	VERB
fsr-3478	76	42	that	that	SCONJ
fsr-3478	76	43	portfolio	portfolio	NOUN
fsr-3478	76	44	returns	return	NOUN
fsr-3478	76	45	have	have	VERB
fsr-3478	76	46	greater	great	ADJ
fsr-3478	76	47	impact	impact	NOUN
fsr-3478	76	48	on	on	ADP
fsr-3478	76	49	the	the	DET
fsr-3478	76	50	probability	probability	NOUN
fsr-3478	76	51	of	of	ADP
fsr-3478	76	52	portfolio	portfolio	NOUN
fsr-3478	76	53	success	success	NOUN
fsr-3478	76	54	compared	compare	VERB
fsr-3478	76	55	with	with	ADP
fsr-3478	76	56	standard	standard	ADJ
fsr-3478	76	57	deviation	deviation	NOUN
fsr-3478	76	58	.	.	PUNCT
fsr-3478	77	1	clare	clare	PROPN
fsr-3478	77	2	,	,	PUNCT
fsr-3478	77	3	seaton	seaton	PROPN
fsr-3478	77	4	,	,	PUNCT
fsr-3478	77	5	smith	smith	PROPN
fsr-3478	77	6	,	,	PUNCT
fsr-3478	77	7	and	and	CCONJ
fsr-3478	77	8	thomas	thomas	PROPN
fsr-3478	77	9	(	(	PUNCT
fsr-3478	77	10	2017	2017	NUM
fsr-3478	77	11	,	,	PUNCT
fsr-3478	77	12	2021	2021	NUM
fsr-3478	77	13	)	)	PUNCT
fsr-3478	77	14	suggest	suggest	VERB
fsr-3478	77	15	that	that	SCONJ
fsr-3478	77	16	the	the	DET
fsr-3478	77	17	sequence	sequence	NOUN
fsr-3478	77	18	of	of	ADP
fsr-3478	77	19	returns	return	NOUN
fsr-3478	77	20	matters	matter	VERB
fsr-3478	77	21	in	in	ADP
fsr-3478	77	22	both	both	CCONJ
fsr-3478	77	23	the	the	DET
fsr-3478	77	24	accumulation	accumulation	NOUN
fsr-3478	77	25	and	and	CCONJ
fsr-3478	77	26	decumulation	decumulation	NOUN
fsr-3478	77	27	stages	stage	NOUN
fsr-3478	77	28	,	,	PUNCT
fsr-3478	77	29	and	and	CCONJ
fsr-3478	77	30	show	show	VERB
fsr-3478	77	31	that	that	SCONJ
fsr-3478	77	32	a	a	DET
fsr-3478	77	33	portfolio	portfolio	NOUN
fsr-3478	77	34	-	-	PUNCT
fsr-3478	77	35	timing	timing	NOUN
fsr-3478	77	36	strategy	strategy	NOUN
fsr-3478	77	37	using	use	VERB
fsr-3478	77	38	the	the	DET
fsr-3478	77	39	cyclically	cyclically	ADV
fsr-3478	77	40	adjusted	adjust	VERB
fsr-3478	77	41	price	price	NOUN
fsr-3478	77	42	-	-	PUNCT
fsr-3478	77	43	to	to	ADP
fsr-3478	77	44	earnings	earning	NOUN
fsr-3478	77	45	(	(	PUNCT
fsr-3478	77	46	cape	cape	NOUN
fsr-3478	77	47	)	)	PUNCT
fsr-3478	77	48	ratio	ratio	NOUN
fsr-3478	77	49	can	can	AUX
fsr-3478	77	50	help	help	VERB
fsr-3478	77	51	investors	investor	NOUN
fsr-3478	77	52	mitigate	mitigate	VERB
fsr-3478	77	53	sequence	sequence	NOUN
fsr-3478	77	54	risk	risk	NOUN
fsr-3478	77	55	and	and	CCONJ
fsr-3478	77	56	achieve	achieve	VERB
fsr-3478	77	57	higher	high	ADJ
fsr-3478	77	58	withdrawal	withdrawal	NOUN
fsr-3478	77	59	rates	rate	NOUN
fsr-3478	77	60	.	.	PUNCT
fsr-3478	78	1	in	in	ADP
fsr-3478	78	2	addition	addition	NOUN
fsr-3478	78	3	to	to	ADP
fsr-3478	78	4	the	the	DET
fsr-3478	78	5	overlapping	overlap	VERB
fsr-3478	78	6	periods	period	NOUN
fsr-3478	78	7	model	model	NOUN
fsr-3478	78	8	and	and	CCONJ
fsr-3478	78	9	the	the	DET
fsr-3478	78	10	simulations	simulation	NOUN
fsr-3478	78	11	model	model	NOUN
fsr-3478	78	12	,	,	PUNCT
fsr-3478	78	13	researchers	researcher	NOUN
fsr-3478	78	14	have	have	AUX
fsr-3478	78	15	explored	explore	VERB
fsr-3478	78	16	the	the	DET
fsr-3478	78	17	use	use	NOUN
fsr-3478	78	18	of	of	ADP
fsr-3478	78	19	other	other	ADJ
fsr-3478	78	20	sophisticated	sophisticated	ADJ
fsr-3478	78	21	models	model	NOUN
fsr-3478	78	22	to	to	PART
fsr-3478	78	23	design	design	VERB
fsr-3478	78	24	withdrawal	withdrawal	NOUN
fsr-3478	78	25	strategies	strategy	NOUN
fsr-3478	78	26	.	.	PUNCT
fsr-3478	79	1	for	for	ADP
fsr-3478	79	2	example	example	NOUN
fsr-3478	79	3	,	,	PUNCT
fsr-3478	79	4	milevsky	milevsky	NOUN
fsr-3478	79	5	and	and	CCONJ
fsr-3478	79	6	robinson	robinson	PROPN
fsr-3478	79	7	(	(	PUNCT
fsr-3478	79	8	2005	2005	NUM
fsr-3478	79	9	)	)	PUNCT
fsr-3478	79	10	use	use	VERB
fsr-3478	79	11	investment	investment	NOUN
fsr-3478	79	12	risk	risk	NOUN
fsr-3478	79	13	and	and	CCONJ
fsr-3478	79	14	return	return	NOUN
fsr-3478	79	15	,	,	PUNCT
fsr-3478	79	16	mortality	mortality	NOUN
fsr-3478	79	17	estimates	estimate	NOUN
fsr-3478	79	18	,	,	PUNCT
fsr-3478	79	19	and	and	CCONJ
fsr-3478	79	20	spending	spending	NOUN
fsr-3478	79	21	rates	rate	NOUN
fsr-3478	79	22	in	in	ADP
fsr-3478	79	23	a	a	DET
fsr-3478	79	24	stochastic	stochastic	ADJ
fsr-3478	79	25	present	present	ADJ
fsr-3478	79	26	value	value	NOUN
fsr-3478	79	27	framework	framework	NOUN
fsr-3478	79	28	to	to	PART
fsr-3478	79	29	investigate	investigate	VERB
fsr-3478	79	30	the	the	DET
fsr-3478	79	31	relationship	relationship	NOUN
fsr-3478	79	32	between	between	ADP
fsr-3478	79	33	withdrawal	withdrawal	NOUN
fsr-3478	79	34	rates	rate	NOUN
fsr-3478	79	35	and	and	CCONJ
fsr-3478	79	36	the	the	DET
fsr-3478	79	37	probability	probability	NOUN
fsr-3478	79	38	of	of	ADP
fsr-3478	79	39	portfolio	portfolio	NOUN
fsr-3478	79	40	failure	failure	NOUN
fsr-3478	79	41	.	.	PUNCT
fsr-3478	80	1	they	they	PRON
fsr-3478	80	2	find	find	VERB
fsr-3478	80	3	that	that	SCONJ
fsr-3478	80	4	4	4	NUM
fsr-3478	80	5	%	%	NOUN
fsr-3478	80	6	withdrawals	withdrawal	NOUN
fsr-3478	80	7	by	by	ADP
fsr-3478	80	8	a	a	DET
fsr-3478	80	9	65	65	NUM
fsr-3478	80	10	-	-	PUNCT
fsr-3478	80	11	year	year	NOUN
fsr-3478	80	12	old	old	ADJ
fsr-3478	80	13	retiree	retiree	NOUN
fsr-3478	80	14	invested	invest	VERB
fsr-3478	80	15	in	in	ADP
fsr-3478	80	16	a	a	DET
fsr-3478	80	17	balanced	balanced	ADJ
fsr-3478	80	18	portfolio	portfolio	NOUN
fsr-3478	80	19	has	have	VERB
fsr-3478	80	20	a	a	DET
fsr-3478	80	21	9	9	NUM
fsr-3478	80	22	%	%	NOUN
fsr-3478	80	23	chance	chance	NOUN
fsr-3478	80	24	of	of	ADP
fsr-3478	80	25	portfolio	portfolio	NOUN
fsr-3478	80	26	failure	failure	NOUN
fsr-3478	80	27	,	,	PUNCT
fsr-3478	80	28	and	and	CCONJ
fsr-3478	80	29	a	a	DET
fsr-3478	80	30	3.24	3.24	NUM
fsr-3478	80	31	%	%	NOUN
fsr-3478	80	32	withdrawal	withdrawal	NOUN
fsr-3478	80	33	rate	rate	NOUN
fsr-3478	80	34	has	have	VERB
fsr-3478	80	35	a	a	DET
fsr-3478	80	36	5	5	NUM
fsr-3478	80	37	%	%	NOUN
fsr-3478	80	38	chance	chance	NOUN
fsr-3478	80	39	of	of	ADP
fsr-3478	80	40	portfolio	portfolio	NOUN
fsr-3478	80	41	failure	failure	NOUN
fsr-3478	80	42	,	,	PUNCT
fsr-3478	80	43	leading	lead	VERB
fsr-3478	80	44	them	they	PRON
fsr-3478	80	45	to	to	PART
fsr-3478	80	46	conclude	conclude	VERB
fsr-3478	80	47	that	that	SCONJ
fsr-3478	80	48	payout	payout	ADJ
fsr-3478	80	49	ratios	ratio	NOUN
fsr-3478	80	50	should	should	AUX
fsr-3478	80	51	be	be	AUX
fsr-3478	80	52	lower	low	ADJ
fsr-3478	80	53	than	than	SCONJ
fsr-3478	80	54	generally	generally	ADV
fsr-3478	80	55	recommended	recommend	VERB
fsr-3478	80	56	.	.	PUNCT
fsr-3478	81	1	scott	scott	PROPN
fsr-3478	81	2	,	,	PUNCT
fsr-3478	81	3	sharpe	sharpe	PROPN
fsr-3478	81	4	,	,	PUNCT
fsr-3478	81	5	and	and	CCONJ
fsr-3478	81	6	watson	watson	PROPN
fsr-3478	81	7	(	(	PUNCT
fsr-3478	81	8	2009	2009	NUM
fsr-3478	81	9	)	)	PUNCT
fsr-3478	81	10	suggest	suggest	VERB
fsr-3478	81	11	a	a	DET
fsr-3478	81	12	strategy	strategy	NOUN
fsr-3478	81	13	that	that	PRON
fsr-3478	81	14	includes	include	VERB
fsr-3478	81	15	buying	buy	VERB
fsr-3478	81	16	and	and	CCONJ
fsr-3478	81	17	selling	sell	VERB
fsr-3478	81	18	30	30	NUM
fsr-3478	81	19	-	-	PUNCT
fsr-3478	81	20	year	year	NOUN
fsr-3478	81	21	european	european	ADJ
fsr-3478	81	22	call	call	NOUN
fsr-3478	81	23	options	option	NOUN
fsr-3478	81	24	on	on	ADP
fsr-3478	81	25	the	the	DET
fsr-3478	81	26	market	market	NOUN
fsr-3478	81	27	portfolio	portfolio	NOUN
fsr-3478	81	28	over	over	ADP
fsr-3478	81	29	the	the	DET
fsr-3478	81	30	planning	planning	NOUN
fsr-3478	81	31	horizon	horizon	NOUN
fsr-3478	81	32	to	to	PART
fsr-3478	81	33	replicate	replicate	VERB
fsr-3478	81	34	the	the	DET
fsr-3478	81	35	traditional	traditional	ADJ
fsr-3478	81	36	4	4	NUM
fsr-3478	81	37	%	%	NOUN
fsr-3478	81	38	withdrawals	withdrawal	NOUN
fsr-3478	81	39	,	,	PUNCT
fsr-3478	81	40	but	but	CCONJ
fsr-3478	81	41	acknowledge	acknowledge	VERB
fsr-3478	81	42	that	that	SCONJ
fsr-3478	81	43	many	many	ADJ
fsr-3478	81	44	practical	practical	ADJ
fsr-3478	81	45	issues	issue	NOUN
fsr-3478	81	46	remain	remain	VERB
fsr-3478	81	47	to	to	PART
fsr-3478	81	48	be	be	AUX
fsr-3478	81	49	addressed	address	VERB
fsr-3478	81	50	before	before	SCONJ
fsr-3478	81	51	this	this	DET
fsr-3478	81	52	utility	utility	NOUN
fsr-3478	81	53	maximizing	maximize	VERB
fsr-3478	81	54	methodology	methodology	NOUN
fsr-3478	81	55	can	can	AUX
fsr-3478	81	56	be	be	AUX
fsr-3478	81	57	incorporated	incorporate	VERB
fsr-3478	81	58	in	in	ADP
fsr-3478	81	59	retirement	retirement	NOUN
fsr-3478	81	60	planning	planning	NOUN
fsr-3478	81	61	.	.	PUNCT
fsr-3478	82	1	recent	recent	ADJ
fsr-3478	82	2	studies	study	NOUN
fsr-3478	82	3	have	have	AUX
fsr-3478	82	4	focused	focus	VERB
fsr-3478	82	5	on	on	ADP
fsr-3478	82	6	dynamic	dynamic	ADJ
fsr-3478	82	7	rule	rule	NOUN
fsr-3478	82	8	-	-	PUNCT
fsr-3478	82	9	based	base	VERB
fsr-3478	82	10	multi	multi	ADJ
fsr-3478	82	11	-	-	ADJ
fsr-3478	82	12	asset	asset	ADJ
fsr-3478	82	13	allocation	allocation	NOUN
fsr-3478	82	14	and	and	CCONJ
fsr-3478	82	15	liquidation	liquidation	NOUN
fsr-3478	82	16	strategies	strategy	NOUN
fsr-3478	82	17	,	,	PUNCT
fsr-3478	82	18	and	and	CCONJ
fsr-3478	82	19	switching	switch	VERB
fsr-3478	82	20	from	from	ADP
fsr-3478	82	21	fixed	fix	VERB
fsr-3478	82	22	withdrawals	withdrawal	NOUN
fsr-3478	82	23	to	to	ADP
fsr-3478	82	24	variable	variable	ADJ
fsr-3478	82	25	withdrawals	withdrawal	NOUN
fsr-3478	82	26	to	to	PART
fsr-3478	82	27	improve	improve	VERB
fsr-3478	82	28	the	the	DET
fsr-3478	82	29	probability	probability	NOUN
fsr-3478	82	30	of	of	ADP
fsr-3478	82	31	portfolio	portfolio	NOUN
fsr-3478	82	32	success	success	NOUN
fsr-3478	82	33	.	.	PUNCT
fsr-3478	83	1	a	a	DET
fsr-3478	83	2	case	case	NOUN
fsr-3478	83	3	study	study	NOUN
fsr-3478	83	4	of	of	ADP
fsr-3478	83	5	the	the	DET
fsr-3478	83	6	retirement	retirement	NOUN
fsr-3478	83	7	experience	experience	NOUN
fsr-3478	83	8	of	of	ADP
fsr-3478	83	9	a	a	DET
fsr-3478	83	10	1973	1973	NUM
fsr-3478	83	11	retiree	retiree	NOUN
fsr-3478	83	12	invested	invest	VERB
fsr-3478	83	13	in	in	ADP
fsr-3478	83	14	a	a	DET
fsr-3478	83	15	balanced	balanced	ADJ
fsr-3478	83	16	multi	multi	ADJ
fsr-3478	83	17	-	-	ADJ
fsr-3478	83	18	asset	asset	ADJ
fsr-3478	83	19	portfolio	portfolio	NOUN
fsr-3478	83	20	led	lead	VERB
fsr-3478	83	21	guyton	guyton	PROPN
fsr-3478	83	22	(	(	PUNCT
fsr-3478	83	23	2004	2004	NUM
fsr-3478	83	24	)	)	PUNCT
fsr-3478	83	25	to	to	PART
fsr-3478	83	26	conclude	conclude	VERB
fsr-3478	83	27	that	that	DET
fsr-3478	83	28	systematic	systematic	ADJ
fsr-3478	83	29	decision	decision	NOUN
fsr-3478	83	30	rules	rule	NOUN
fsr-3478	83	31	and	and	CCONJ
fsr-3478	83	32	some	some	DET
fsr-3478	83	33	restriction	restriction	NOUN
fsr-3478	83	34	on	on	ADP
fsr-3478	83	35	subsequent	subsequent	ADJ
fsr-3478	83	36	inflation	inflation	NOUN
fsr-3478	83	37	adjustments	adjustment	NOUN
fsr-3478	83	38	could	could	AUX
fsr-3478	83	39	allow	allow	VERB
fsr-3478	83	40	for	for	ADP
fsr-3478	83	41	a	a	DET
fsr-3478	83	42	5.8	5.8	NUM
fsr-3478	83	43	%	%	NOUN
fsr-3478	83	44	initial	initial	ADJ
fsr-3478	83	45	withdrawal	withdrawal	NOUN
fsr-3478	83	46	rate	rate	NOUN
fsr-3478	83	47	.	.	PUNCT
fsr-3478	84	1	other	other	ADJ
fsr-3478	84	2	examples	example	NOUN
fsr-3478	84	3	of	of	ADP
fsr-3478	84	4	dynamic	dynamic	ADJ
fsr-3478	84	5	withdrawal	withdrawal	NOUN
fsr-3478	84	6	strategies	strategy	NOUN
fsr-3478	84	7	include	include	VERB
fsr-3478	84	8	adjusting	adjust	VERB
fsr-3478	84	9	the	the	DET
fsr-3478	84	10	withdrawal	withdrawal	NOUN
fsr-3478	84	11	rate	rate	NOUN
fsr-3478	84	12	based	base	VERB
fsr-3478	84	13	on	on	ADP
fsr-3478	84	14	portfolio	portfolio	NOUN
fsr-3478	84	15	performance	performance	NOUN
fsr-3478	84	16	and	and	CCONJ
fsr-3478	84	17	remaining	remain	VERB
fsr-3478	84	18	life	life	NOUN
fsr-3478	84	19	expectancy	expectancy	NOUN
fsr-3478	84	20	to	to	PART
fsr-3478	84	21	improve	improve	VERB
fsr-3478	84	22	retirement	retirement	NOUN
fsr-3478	84	23	portfolio	portfolio	NOUN
fsr-3478	84	24	success	success	NOUN
fsr-3478	84	25	and	and	CCONJ
fsr-3478	84	26	average	average	ADJ
fsr-3478	84	27	lifetime	lifetime	NOUN
fsr-3478	84	28	withdrawal	withdrawal	NOUN
fsr-3478	84	29	rates	rate	NOUN
fsr-3478	84	30	(	(	PUNCT
fsr-3478	84	31	stout	stout	PROPN
fsr-3478	84	32	&	&	CCONJ
fsr-3478	84	33	mitchell	mitchell	PROPN
fsr-3478	84	34	,	,	PUNCT
fsr-3478	84	35	2006	2006	NUM
fsr-3478	84	36	)	)	PUNCT
fsr-3478	84	37	;	;	PUNCT
fsr-3478	84	38	using	use	VERB
fsr-3478	84	39	a	a	DET
fsr-3478	84	40	multiasset	multiasset	NOUN
fsr-3478	84	41	portfolio	portfolio	NOUN
fsr-3478	84	42	with	with	ADP
fsr-3478	84	43	periodic	periodic	ADJ
fsr-3478	84	44	adjustments	adjustment	NOUN
fsr-3478	84	45	to	to	ADP
fsr-3478	84	46	the	the	DET
fsr-3478	84	47	asset	asset	NOUN
fsr-3478	84	48	mix	mix	NOUN
fsr-3478	84	49	and	and	CCONJ
fsr-3478	84	50	a	a	DET
fsr-3478	84	51	“	"	PUNCT
fsr-3478	84	52	bonds	bond	NOUN
fsr-3478	84	53	first	first	ADJ
fsr-3478	84	54	”	"	PUNCT
fsr-3478	84	55	withdrawal	withdrawal	NOUN
fsr-3478	84	56	strategy	strategy	NOUN
fsr-3478	84	57	that	that	PRON
fsr-3478	84	58	mitigates	mitigate	VERB
fsr-3478	84	59	the	the	DET
fsr-3478	84	60	higher	high	ADJ
fsr-3478	84	61	volatility	volatility	NOUN
fsr-3478	84	62	in	in	ADP
fsr-3478	84	63	equity	equity	NOUN
fsr-3478	84	64	returns	return	NOUN
fsr-3478	84	65	(	(	PUNCT
fsr-3478	84	66	liu	liu	PROPN
fsr-3478	84	67	,	,	PUNCT
fsr-3478	84	68	chang	chang	PROPN
fsr-3478	84	69	,	,	PUNCT
fsr-3478	84	70	de	de	PROPN
fsr-3478	84	71	jong	jong	PROPN
fsr-3478	84	72	,	,	PUNCT
fsr-3478	84	73	&	&	CCONJ
fsr-3478	84	74	m.	m.	PROPN
fsr-3478	84	75	athavale	athavale	PROPN
fsr-3478	84	76	et	et	PROPN
fsr-3478	84	77	al	al	PROPN
fsr-3478	84	78	.	.	PUNCT
fsr-3478	84	79	/	/	SYM
fsr-3478	84	80	financial	financial	ADJ
fsr-3478	84	81	services	service	NOUN
fsr-3478	84	82	review	review	VERB
fsr-3478	84	83	30	30	NUM
fsr-3478	84	84	(	(	PUNCT
fsr-3478	84	85	2022	2022	NUM
fsr-3478	84	86	)	)	PUNCT
fsr-3478	85	1	125–143	125–143	NOUN
fsr-3478	85	2	129	129	NUM
fsr-3478	85	3	robinson	robinson	PROPN
fsr-3478	85	4	,	,	PUNCT
fsr-3478	85	5	2009	2009	NUM
fsr-3478	85	6	)	)	PUNCT
fsr-3478	85	7	;	;	PUNCT
fsr-3478	85	8	and	and	CCONJ
fsr-3478	85	9	calculating	calculate	VERB
fsr-3478	85	10	the	the	DET
fsr-3478	85	11	probability	probability	NOUN
fsr-3478	85	12	of	of	ADP
fsr-3478	85	13	portfolio	portfolio	NOUN
fsr-3478	85	14	failure	failure	NOUN
fsr-3478	85	15	each	each	DET
fsr-3478	85	16	year	year	NOUN
fsr-3478	85	17	and	and	CCONJ
fsr-3478	85	18	changing	change	VERB
fsr-3478	85	19	the	the	DET
fsr-3478	85	20	withdrawal	withdrawal	NOUN
fsr-3478	85	21	rate	rate	NOUN
fsr-3478	85	22	based	base	VERB
fsr-3478	85	23	on	on	ADP
fsr-3478	85	24	decision	decision	NOUN
fsr-3478	85	25	rules	rule	NOUN
fsr-3478	85	26	(	(	PUNCT
fsr-3478	85	27	blanchett	blanchett	PROPN
fsr-3478	85	28	&	&	CCONJ
fsr-3478	85	29	frank	frank	PROPN
fsr-3478	85	30	,	,	PUNCT
fsr-3478	85	31	2009	2009	NUM
fsr-3478	85	32	)	)	PUNCT
fsr-3478	85	33	.	.	PUNCT
fsr-3478	86	1	the	the	DET
fsr-3478	86	2	importance	importance	NOUN
fsr-3478	86	3	of	of	ADP
fsr-3478	86	4	analyzing	analyze	VERB
fsr-3478	86	5	portfolio	portfolio	NOUN
fsr-3478	86	6	success	success	NOUN
fsr-3478	86	7	rates	rate	NOUN
fsr-3478	86	8	in	in	ADP
fsr-3478	86	9	determining	determine	VERB
fsr-3478	86	10	withdrawal	withdrawal	NOUN
fsr-3478	86	11	rates	rate	NOUN
fsr-3478	86	12	has	have	AUX
fsr-3478	86	13	previously	previously	ADV
fsr-3478	86	14	been	be	AUX
fsr-3478	86	15	emphasized	emphasize	VERB
fsr-3478	86	16	by	by	ADP
fsr-3478	86	17	cooley	cooley	PROPN
fsr-3478	86	18	,	,	PUNCT
fsr-3478	86	19	hubbard	hubbard	PROPN
fsr-3478	86	20	,	,	PUNCT
fsr-3478	86	21	and	and	CCONJ
fsr-3478	86	22	walz	walz	PROPN
fsr-3478	86	23	(	(	PUNCT
fsr-3478	86	24	2011	2011	NUM
fsr-3478	86	25	)	)	PUNCT
fsr-3478	86	26	.	.	PUNCT
fsr-3478	87	1	they	they	PRON
fsr-3478	87	2	assert	assert	VERB
fsr-3478	87	3	that	that	SCONJ
fsr-3478	87	4	changes	change	NOUN
fsr-3478	87	5	should	should	AUX
fsr-3478	87	6	be	be	AUX
fsr-3478	87	7	made	make	VERB
fsr-3478	87	8	to	to	PART
fsr-3478	87	9	withdrawal	withdrawal	VERB
fsr-3478	87	10	rates	rate	NOUN
fsr-3478	87	11	in	in	ADP
fsr-3478	87	12	response	response	NOUN
fsr-3478	87	13	to	to	ADP
fsr-3478	87	14	unexpected	unexpected	ADJ
fsr-3478	87	15	changes	change	NOUN
fsr-3478	87	16	in	in	ADP
fsr-3478	87	17	financial	financial	ADJ
fsr-3478	87	18	market	market	NOUN
fsr-3478	87	19	conditions	condition	NOUN
fsr-3478	87	20	,	,	PUNCT
fsr-3478	87	21	and	and	CCONJ
fsr-3478	87	22	use	use	VERB
fsr-3478	87	23	the	the	DET
fsr-3478	87	24	overlapping	overlap	VERB
fsr-3478	87	25	periods	period	NOUN
fsr-3478	87	26	methodology	methodology	NOUN
fsr-3478	87	27	to	to	PART
fsr-3478	87	28	present	present	VERB
fsr-3478	87	29	portfolio	portfolio	NOUN
fsr-3478	87	30	success	success	NOUN
fsr-3478	87	31	rate	rate	NOUN
fsr-3478	87	32	tables	table	NOUN
fsr-3478	87	33	for	for	ADP
fsr-3478	87	34	various	various	ADJ
fsr-3478	87	35	combinations	combination	NOUN
fsr-3478	87	36	of	of	ADP
fsr-3478	87	37	withdrawal	withdrawal	NOUN
fsr-3478	87	38	rates	rate	NOUN
fsr-3478	87	39	,	,	PUNCT
fsr-3478	87	40	portfolio	portfolio	NOUN
fsr-3478	87	41	compositions	composition	NOUN
fsr-3478	87	42	,	,	PUNCT
fsr-3478	87	43	and	and	CCONJ
fsr-3478	87	44	payout	payout	NOUN
fsr-3478	87	45	periods	period	NOUN
fsr-3478	87	46	.	.	PUNCT
fsr-3478	88	1	dynamic	dynamic	ADJ
fsr-3478	88	2	adjustment	adjustment	NOUN
fsr-3478	88	3	strategies	strategy	NOUN
fsr-3478	88	4	have	have	AUX
fsr-3478	88	5	been	be	AUX
fsr-3478	88	6	shown	show	VERB
fsr-3478	88	7	to	to	PART
fsr-3478	88	8	be	be	AUX
fsr-3478	88	9	relevant	relevant	ADJ
fsr-3478	88	10	in	in	ADP
fsr-3478	88	11	both	both	CCONJ
fsr-3478	88	12	the	the	DET
fsr-3478	88	13	accumulation	accumulation	NOUN
fsr-3478	88	14	stage	stage	NOUN
fsr-3478	88	15	(	(	PUNCT
fsr-3478	88	16	estrada	estrada	PROPN
fsr-3478	88	17	,	,	PUNCT
fsr-3478	88	18	2019	2019	NUM
fsr-3478	88	19	)	)	PUNCT
fsr-3478	88	20	and	and	CCONJ
fsr-3478	88	21	in	in	ADP
fsr-3478	88	22	the	the	DET
fsr-3478	88	23	drawdown	drawdown	ADJ
fsr-3478	88	24	stage	stage	NOUN
fsr-3478	88	25	(	(	PUNCT
fsr-3478	88	26	estrada	estrada	PROPN
fsr-3478	88	27	,	,	PUNCT
fsr-3478	88	28	2020	2020	NUM
fsr-3478	88	29	)	)	PUNCT
fsr-3478	88	30	of	of	ADP
fsr-3478	88	31	the	the	DET
fsr-3478	88	32	retirement	retirement	NOUN
fsr-3478	88	33	portfolio	portfolio	NOUN
fsr-3478	88	34	.	.	PUNCT
fsr-3478	89	1	specifically	specifically	ADV
fsr-3478	89	2	,	,	PUNCT
fsr-3478	89	3	estrada	estrada	PROPN
fsr-3478	89	4	(	(	PUNCT
fsr-3478	89	5	2020	2020	NUM
fsr-3478	89	6	)	)	PUNCT
fsr-3478	89	7	shows	show	VERB
fsr-3478	89	8	that	that	SCONJ
fsr-3478	89	9	dynamic	dynamic	ADJ
fsr-3478	89	10	strategies	strategy	NOUN
fsr-3478	89	11	outperform	outperform	VERB
fsr-3478	89	12	a	a	DET
fsr-3478	89	13	static	static	ADJ
fsr-3478	89	14	strategy	strategy	NOUN
fsr-3478	89	15	of	of	ADP
fsr-3478	89	16	sticking	stick	VERB
fsr-3478	89	17	to	to	ADP
fsr-3478	89	18	the	the	DET
fsr-3478	89	19	plan	plan	NOUN
fsr-3478	89	20	,	,	PUNCT
fsr-3478	89	21	and	and	CCONJ
fsr-3478	89	22	periodic	periodic	ADJ
fsr-3478	89	23	adjustments	adjustment	NOUN
fsr-3478	89	24	to	to	ADP
fsr-3478	89	25	the	the	DET
fsr-3478	89	26	withdrawal	withdrawal	NOUN
fsr-3478	89	27	rate	rate	NOUN
fsr-3478	89	28	is	be	AUX
fsr-3478	89	29	superior	superior	ADJ
fsr-3478	89	30	to	to	ADP
fsr-3478	89	31	adjusting	adjust	VERB
fsr-3478	89	32	portfolio	portfolio	NOUN
fsr-3478	89	33	asset	asset	NOUN
fsr-3478	89	34	allocations	allocation	NOUN
fsr-3478	89	35	.	.	PUNCT
fsr-3478	90	1	similarly	similarly	ADV
fsr-3478	90	2	,	,	PUNCT
fsr-3478	90	3	robinson	robinson	PROPN
fsr-3478	90	4	and	and	CCONJ
fsr-3478	90	5	tahani	tahani	PROPN
fsr-3478	90	6	(	(	PUNCT
fsr-3478	90	7	2010	2010	NUM
fsr-3478	90	8	)	)	PUNCT
fsr-3478	90	9	treat	treat	VERB
fsr-3478	90	10	portfolio	portfolio	NOUN
fsr-3478	90	11	return	return	NOUN
fsr-3478	90	12	,	,	PUNCT
fsr-3478	90	13	longevity	longevity	NOUN
fsr-3478	90	14	,	,	PUNCT
fsr-3478	90	15	and	and	CCONJ
fsr-3478	90	16	consumption	consumption	NOUN
fsr-3478	90	17	as	as	ADP
fsr-3478	90	18	stochastic	stochastic	ADJ
fsr-3478	90	19	variables	variable	NOUN
fsr-3478	90	20	and	and	CCONJ
fsr-3478	90	21	use	use	VERB
fsr-3478	90	22	an	an	DET
fsr-3478	90	23	analytical	analytical	ADJ
fsr-3478	90	24	model	model	NOUN
fsr-3478	90	25	to	to	PART
fsr-3478	90	26	conclude	conclude	VERB
fsr-3478	90	27	that	that	SCONJ
fsr-3478	90	28	changing	change	VERB
fsr-3478	90	29	consumption	consumption	NOUN
fsr-3478	90	30	to	to	PART
fsr-3478	90	31	match	match	VERB
fsr-3478	90	32	changes	change	NOUN
fsr-3478	90	33	in	in	ADP
fsr-3478	90	34	wealth	wealth	NOUN
fsr-3478	90	35	could	could	AUX
fsr-3478	90	36	reduce	reduce	VERB
fsr-3478	90	37	the	the	DET
fsr-3478	90	38	risk	risk	NOUN
fsr-3478	90	39	of	of	ADP
fsr-3478	90	40	portfolio	portfolio	NOUN
fsr-3478	90	41	failure	failure	NOUN
fsr-3478	90	42	.	.	PUNCT
fsr-3478	91	1	these	these	DET
fsr-3478	91	2	dynamic	dynamic	ADJ
fsr-3478	91	3	withdrawal	withdrawal	NOUN
fsr-3478	91	4	strategies	strategy	NOUN
fsr-3478	91	5	do	do	AUX
fsr-3478	91	6	have	have	VERB
fsr-3478	91	7	intuitive	intuitive	ADJ
fsr-3478	91	8	appeal	appeal	NOUN
fsr-3478	91	9	.	.	PUNCT
fsr-3478	92	1	it	it	PRON
fsr-3478	92	2	is	be	AUX
fsr-3478	92	3	logical	logical	ADJ
fsr-3478	92	4	to	to	PART
fsr-3478	92	5	calibrate	calibrate	VERB
fsr-3478	92	6	asset	asset	NOUN
fsr-3478	92	7	allocations	allocation	NOUN
fsr-3478	92	8	and	and	CCONJ
fsr-3478	92	9	withdrawals	withdrawal	NOUN
fsr-3478	92	10	to	to	ADP
fsr-3478	92	11	changing	change	VERB
fsr-3478	92	12	circumstances	circumstance	NOUN
fsr-3478	92	13	and	and	CCONJ
fsr-3478	92	14	economic	economic	ADJ
fsr-3478	92	15	realities	reality	NOUN
fsr-3478	92	16	.	.	PUNCT
fsr-3478	93	1	an	an	DET
fsr-3478	93	2	unresolved	unresolved	ADJ
fsr-3478	93	3	question	question	NOUN
fsr-3478	93	4	is	be	AUX
fsr-3478	93	5	whether	whether	SCONJ
fsr-3478	93	6	retirees	retiree	NOUN
fsr-3478	93	7	would	would	AUX
fsr-3478	93	8	have	have	VERB
fsr-3478	93	9	the	the	DET
fsr-3478	93	10	discipline	discipline	NOUN
fsr-3478	93	11	to	to	PART
fsr-3478	93	12	follow	follow	VERB
fsr-3478	93	13	decision	decision	NOUN
fsr-3478	93	14	rules	rule	NOUN
fsr-3478	93	15	and	and	CCONJ
fsr-3478	93	16	would	would	AUX
fsr-3478	93	17	have	have	VERB
fsr-3478	93	18	the	the	DET
fsr-3478	93	19	flexibility	flexibility	NOUN
fsr-3478	93	20	to	to	PART
fsr-3478	93	21	reduce	reduce	VERB
fsr-3478	93	22	consumption	consumption	NOUN
fsr-3478	93	23	.	.	PUNCT
fsr-3478	94	1	these	these	DET
fsr-3478	94	2	strategies	strategy	NOUN
fsr-3478	94	3	are	be	AUX
fsr-3478	94	4	still	still	ADV
fsr-3478	94	5	in	in	ADP
fsr-3478	94	6	the	the	DET
fsr-3478	94	7	early	early	ADJ
fsr-3478	94	8	stages	stage	NOUN
fsr-3478	94	9	of	of	ADP
fsr-3478	94	10	their	their	PRON
fsr-3478	94	11	development	development	NOUN
fsr-3478	94	12	and	and	CCONJ
fsr-3478	94	13	we	we	PRON
fsr-3478	94	14	need	need	VERB
fsr-3478	94	15	a	a	DET
fsr-3478	94	16	better	well	ADJ
fsr-3478	94	17	understanding	understanding	NOUN
fsr-3478	94	18	of	of	ADP
fsr-3478	94	19	the	the	DET
fsr-3478	94	20	manner	manner	NOUN
fsr-3478	94	21	in	in	ADP
fsr-3478	94	22	which	which	PRON
fsr-3478	94	23	relevant	relevant	ADJ
fsr-3478	94	24	variables	variable	NOUN
fsr-3478	94	25	impact	impact	NOUN
fsr-3478	94	26	portfolio	portfolio	NOUN
fsr-3478	94	27	success	success	NOUN
fsr-3478	94	28	(	(	PUNCT
fsr-3478	94	29	dejong	dejong	PROPN
fsr-3478	94	30	&	&	CCONJ
fsr-3478	94	31	robinson	robinson	PROPN
fsr-3478	94	32	,	,	PUNCT
fsr-3478	94	33	2017	2017	NUM
fsr-3478	94	34	)	)	PUNCT
fsr-3478	94	35	.	.	PUNCT
fsr-3478	95	1	retirees	retiree	NOUN
fsr-3478	95	2	may	may	AUX
fsr-3478	95	3	become	become	VERB
fsr-3478	95	4	better	well	ADV
fsr-3478	95	5	equipped	equip	VERB
fsr-3478	95	6	to	to	PART
fsr-3478	95	7	make	make	VERB
fsr-3478	95	8	these	these	DET
fsr-3478	95	9	changes	change	NOUN
fsr-3478	95	10	if	if	SCONJ
fsr-3478	95	11	they	they	PRON
fsr-3478	95	12	understand	understand	VERB
fsr-3478	95	13	the	the	DET
fsr-3478	95	14	implications	implication	NOUN
fsr-3478	95	15	of	of	ADP
fsr-3478	95	16	economic	economic	ADJ
fsr-3478	95	17	circumstances	circumstance	NOUN
fsr-3478	95	18	and	and	CCONJ
fsr-3478	95	19	their	their	PRON
fsr-3478	95	20	actions	action	NOUN
fsr-3478	95	21	on	on	ADP
fsr-3478	95	22	the	the	DET
fsr-3478	95	23	probability	probability	NOUN
fsr-3478	95	24	of	of	ADP
fsr-3478	95	25	portfolio	portfolio	NOUN
fsr-3478	95	26	success	success	NOUN
fsr-3478	95	27	.	.	PUNCT
fsr-3478	96	1	our	our	PRON
fsr-3478	96	2	current	current	ADJ
fsr-3478	96	3	research	research	NOUN
fsr-3478	96	4	,	,	PUNCT
fsr-3478	96	5	therefore	therefore	ADV
fsr-3478	96	6	,	,	PUNCT
fsr-3478	96	7	is	be	AUX
fsr-3478	96	8	an	an	DET
fsr-3478	96	9	effort	effort	NOUN
fsr-3478	96	10	to	to	PART
fsr-3478	96	11	better	well	ADV
fsr-3478	96	12	understand	understand	VERB
fsr-3478	96	13	the	the	DET
fsr-3478	96	14	determinants	determinant	NOUN
fsr-3478	96	15	of	of	ADP
fsr-3478	96	16	retirement	retirement	NOUN
fsr-3478	96	17	portfolio	portfolio	NOUN
fsr-3478	96	18	success	success	NOUN
fsr-3478	96	19	.	.	PUNCT
fsr-3478	97	1	3	3	X
fsr-3478	97	2	.	.	X
fsr-3478	97	3	hypothesis	hypothesis	NOUN
fsr-3478	97	4	development	development	NOUN
fsr-3478	97	5	and	and	CCONJ
fsr-3478	97	6	empirical	empirical	ADJ
fsr-3478	97	7	design	design	NOUN
fsr-3478	97	8	each	each	DET
fsr-3478	97	9	individual	individual	ADJ
fsr-3478	97	10	entering	enter	VERB
fsr-3478	97	11	retirement	retirement	NOUN
fsr-3478	97	12	has	have	VERB
fsr-3478	97	13	to	to	PART
fsr-3478	97	14	decide	decide	VERB
fsr-3478	97	15	about	about	ADP
fsr-3478	97	16	the	the	DET
fsr-3478	97	17	asset	asset	NOUN
fsr-3478	97	18	allocation	allocation	NOUN
fsr-3478	97	19	for	for	ADP
fsr-3478	97	20	their	their	PRON
fsr-3478	97	21	retirement	retirement	NOUN
fsr-3478	97	22	portfolio	portfolio	NOUN
fsr-3478	97	23	,	,	PUNCT
fsr-3478	97	24	the	the	DET
fsr-3478	97	25	expected	expect	VERB
fsr-3478	97	26	retirement	retirement	NOUN
fsr-3478	97	27	horizon	horizon	NOUN
fsr-3478	97	28	,	,	PUNCT
fsr-3478	97	29	and	and	CCONJ
fsr-3478	97	30	the	the	DET
fsr-3478	97	31	desired	desire	VERB
fsr-3478	97	32	withdrawal	withdrawal	NOUN
fsr-3478	97	33	rate	rate	NOUN
fsr-3478	97	34	from	from	ADP
fsr-3478	97	35	their	their	PRON
fsr-3478	97	36	retirement	retirement	NOUN
fsr-3478	97	37	portfolio	portfolio	NOUN
fsr-3478	97	38	.	.	PUNCT
fsr-3478	98	1	in	in	ADP
fsr-3478	98	2	making	make	VERB
fsr-3478	98	3	these	these	DET
fsr-3478	98	4	decisions	decision	NOUN
fsr-3478	98	5	,	,	PUNCT
fsr-3478	98	6	the	the	DET
fsr-3478	98	7	retiree	retiree	NOUN
fsr-3478	98	8	faces	face	VERB
fsr-3478	98	9	the	the	DET
fsr-3478	98	10	tradeoff	tradeoff	NOUN
fsr-3478	98	11	between	between	ADP
fsr-3478	98	12	maximizing	maximize	VERB
fsr-3478	98	13	consumption	consumption	NOUN
fsr-3478	98	14	during	during	ADP
fsr-3478	98	15	retirement	retirement	NOUN
fsr-3478	98	16	while	while	SCONJ
fsr-3478	98	17	minimizing	minimize	VERB
fsr-3478	98	18	the	the	DET
fsr-3478	98	19	probability	probability	NOUN
fsr-3478	98	20	of	of	ADP
fsr-3478	98	21	prematurely	prematurely	ADV
fsr-3478	98	22	exhausting	exhaust	VERB
fsr-3478	98	23	the	the	DET
fsr-3478	98	24	retirement	retirement	NOUN
fsr-3478	98	25	portfolio	portfolio	NOUN
fsr-3478	98	26	.	.	PUNCT
fsr-3478	99	1	in	in	ADP
fsr-3478	99	2	this	this	DET
fsr-3478	99	3	context	context	NOUN
fsr-3478	99	4	it	it	PRON
fsr-3478	99	5	is	be	AUX
fsr-3478	99	6	important	important	ADJ
fsr-3478	99	7	to	to	PART
fsr-3478	99	8	understand	understand	VERB
fsr-3478	99	9	the	the	DET
fsr-3478	99	10	composition	composition	NOUN
fsr-3478	99	11	of	of	ADP
fsr-3478	99	12	the	the	DET
fsr-3478	99	13	retirement	retirement	NOUN
fsr-3478	99	14	portfolio	portfolio	NOUN
fsr-3478	99	15	.	.	PUNCT
fsr-3478	100	1	as	as	SCONJ
fsr-3478	100	2	previously	previously	ADV
fsr-3478	100	3	described	describe	VERB
fsr-3478	100	4	,	,	PUNCT
fsr-3478	100	5	the	the	DET
fsr-3478	100	6	retirement	retirement	NOUN
fsr-3478	100	7	portfolio	portfolio	NOUN
fsr-3478	100	8	may	may	AUX
fsr-3478	100	9	comprise	comprise	VERB
fsr-3478	100	10	some	some	DET
fsr-3478	100	11	proportion	proportion	NOUN
fsr-3478	100	12	of	of	ADP
fsr-3478	100	13	the	the	DET
fsr-3478	100	14	traditional	traditional	ADJ
fsr-3478	100	15	defined	define	VERB
fsr-3478	100	16	-	-	PUNCT
fsr-3478	100	17	contribution	contribution	NOUN
fsr-3478	100	18	plan	plan	NOUN
fsr-3478	100	19	balance	balance	NOUN
fsr-3478	100	20	,	,	PUNCT
fsr-3478	100	21	the	the	DET
fsr-3478	100	22	roth	roth	NOUN
fsr-3478	100	23	defined	define	VERB
fsr-3478	100	24	-	-	PUNCT
fsr-3478	100	25	contribution	contribution	NOUN
fsr-3478	100	26	plan	plan	NOUN
fsr-3478	100	27	balance	balance	NOUN
fsr-3478	100	28	,	,	PUNCT
fsr-3478	100	29	and	and	CCONJ
fsr-3478	100	30	personal	personal	ADJ
fsr-3478	100	31	savings	saving	NOUN
fsr-3478	100	32	.	.	PUNCT
fsr-3478	101	1	each	each	PRON
fsr-3478	101	2	of	of	ADP
fsr-3478	101	3	these	these	PRON
fsr-3478	101	4	is	be	AUX
fsr-3478	101	5	taxed	tax	VERB
fsr-3478	101	6	differently	differently	ADV
fsr-3478	101	7	;	;	PUNCT
fsr-3478	101	8	consequently	consequently	ADV
fsr-3478	101	9	,	,	PUNCT
fsr-3478	101	10	a	a	DET
fsr-3478	101	11	million	million	NUM
fsr-3478	101	12	dollars	dollar	NOUN
fsr-3478	101	13	in	in	ADP
fsr-3478	101	14	a	a	DET
fsr-3478	101	15	traditional	traditional	ADJ
fsr-3478	101	16	retirement	retirement	NOUN
fsr-3478	101	17	account	account	NOUN
fsr-3478	101	18	is	be	AUX
fsr-3478	101	19	not	not	PART
fsr-3478	101	20	equivalent	equivalent	ADJ
fsr-3478	101	21	to	to	ADP
fsr-3478	101	22	a	a	DET
fsr-3478	101	23	million	million	NUM
fsr-3478	101	24	dollars	dollar	NOUN
fsr-3478	101	25	in	in	ADP
fsr-3478	101	26	personal	personal	ADJ
fsr-3478	101	27	savings	saving	NOUN
fsr-3478	101	28	which	which	PRON
fsr-3478	101	29	,	,	PUNCT
fsr-3478	101	30	in	in	ADP
fsr-3478	101	31	turn	turn	NOUN
fsr-3478	101	32	,	,	PUNCT
fsr-3478	101	33	is	be	AUX
fsr-3478	101	34	not	not	PART
fsr-3478	101	35	equivalent	equivalent	ADJ
fsr-3478	101	36	to	to	ADP
fsr-3478	101	37	a	a	DET
fsr-3478	101	38	million	million	NUM
fsr-3478	101	39	dollars	dollar	NOUN
fsr-3478	101	40	in	in	ADP
fsr-3478	101	41	a	a	DET
fsr-3478	101	42	roth	roth	PROPN
fsr-3478	101	43	retirement	retirement	NOUN
fsr-3478	101	44	account	account	PROPN
fsr-3478	101	45	.	.	PUNCT
fsr-3478	102	1	generally	generally	ADV
fsr-3478	102	2	,	,	PUNCT
fsr-3478	102	3	withdrawals	withdrawal	NOUN
fsr-3478	102	4	from	from	ADP
fsr-3478	102	5	the	the	DET
fsr-3478	102	6	traditional	traditional	ADJ
fsr-3478	102	7	plan	plan	NOUN
fsr-3478	102	8	balance	balance	NOUN
fsr-3478	102	9	are	be	AUX
fsr-3478	102	10	taxable	taxable	ADJ
fsr-3478	102	11	as	as	ADP
fsr-3478	102	12	ordinary	ordinary	ADJ
fsr-3478	102	13	income	income	NOUN
fsr-3478	102	14	;	;	PUNCT
fsr-3478	102	15	the	the	DET
fsr-3478	102	16	capital	capital	NOUN
fsr-3478	102	17	gains	gain	VERB
fsr-3478	102	18	arising	arise	VERB
fsr-3478	102	19	from	from	ADP
fsr-3478	102	20	assets	asset	NOUN
fsr-3478	102	21	liquidated	liquidate	VERB
fsr-3478	102	22	from	from	ADP
fsr-3478	102	23	personal	personal	ADJ
fsr-3478	102	24	savings	saving	NOUN
fsr-3478	102	25	prior	prior	ADV
fsr-3478	102	26	to	to	ADP
fsr-3478	102	27	withdrawal	withdrawal	NOUN
fsr-3478	102	28	are	be	AUX
fsr-3478	102	29	taxable	taxable	ADJ
fsr-3478	102	30	at	at	ADP
fsr-3478	102	31	a	a	DET
fsr-3478	102	32	reduced	reduce	VERB
fsr-3478	102	33	capitalgains	capitalgain	NOUN
fsr-3478	102	34	rate	rate	NOUN
fsr-3478	102	35	;	;	PUNCT
fsr-3478	102	36	and	and	CCONJ
fsr-3478	102	37	withdrawals	withdrawal	NOUN
fsr-3478	102	38	from	from	ADP
fsr-3478	102	39	roth	roth	PROPN
fsr-3478	102	40	plan	plan	NOUN
fsr-3478	102	41	balances	balance	NOUN
fsr-3478	102	42	are	be	AUX
fsr-3478	102	43	not	not	PART
fsr-3478	102	44	taxable	taxable	ADJ
fsr-3478	102	45	.	.	PUNCT
fsr-3478	103	1	therefore	therefore	ADV
fsr-3478	103	2	,	,	PUNCT
fsr-3478	103	3	all	all	DET
fsr-3478	103	4	references	reference	NOUN
fsr-3478	103	5	to	to	ADP
fsr-3478	103	6	a	a	DET
fsr-3478	103	7	retirement	retirement	NOUN
fsr-3478	103	8	portfolio	portfolio	NOUN
fsr-3478	103	9	should	should	AUX
fsr-3478	103	10	be	be	AUX
fsr-3478	103	11	on	on	ADP
fsr-3478	103	12	a	a	DET
fsr-3478	103	13	tax	tax	NOUN
fsr-3478	103	14	-	-	PUNCT
fsr-3478	103	15	equivalent	equivalent	ADJ
fsr-3478	103	16	basis	basis	NOUN
fsr-3478	103	17	,	,	PUNCT
fsr-3478	103	18	and	and	CCONJ
fsr-3478	103	19	for	for	ADP
fsr-3478	103	20	the	the	DET
fsr-3478	103	21	purpose	purpose	NOUN
fsr-3478	103	22	of	of	ADP
fsr-3478	103	23	this	this	DET
fsr-3478	103	24	130	130	NUM
fsr-3478	103	25	m.	m.	NOUN
fsr-3478	103	26	athavale	athavale	NOUN
fsr-3478	103	27	et	et	PROPN
fsr-3478	103	28	al	al	PROPN
fsr-3478	103	29	.	.	PUNCT
fsr-3478	103	30	/	/	SYM
fsr-3478	103	31	financial	financial	ADJ
fsr-3478	103	32	services	service	NOUN
fsr-3478	103	33	review	review	VERB
fsr-3478	103	34	30	30	NUM
fsr-3478	103	35	(	(	PUNCT
fsr-3478	103	36	2022	2022	NUM
fsr-3478	103	37	)	)	PUNCT
fsr-3478	103	38	125–143	125–143	NUM
fsr-3478	103	39	research	research	NOUN
fsr-3478	103	40	,	,	PUNCT
fsr-3478	103	41	to	to	PART
fsr-3478	103	42	avoid	avoid	VERB
fsr-3478	103	43	the	the	DET
fsr-3478	103	44	differential	differential	ADJ
fsr-3478	103	45	effect	effect	NOUN
fsr-3478	103	46	of	of	ADP
fsr-3478	103	47	taxes	taxis	NOUN
fsr-3478	103	48	on	on	ADP
fsr-3478	103	49	retirement	retirement	NOUN
fsr-3478	103	50	withdrawals	withdrawal	NOUN
fsr-3478	103	51	,	,	PUNCT
fsr-3478	103	52	we	we	PRON
fsr-3478	103	53	implicitly	implicitly	ADV
fsr-3478	103	54	assume	assume	VERB
fsr-3478	103	55	that	that	SCONJ
fsr-3478	103	56	the	the	DET
fsr-3478	103	57	retirement	retirement	NOUN
fsr-3478	103	58	portfolio	portfolio	NOUN
fsr-3478	103	59	referenced	reference	VERB
fsr-3478	103	60	here	here	ADV
fsr-3478	103	61	has	have	AUX
fsr-3478	103	62	been	be	AUX
fsr-3478	103	63	aggregated	aggregate	VERB
fsr-3478	103	64	on	on	ADP
fsr-3478	103	65	an	an	DET
fsr-3478	103	66	after	after	ADP
fsr-3478	103	67	-	-	PUNCT
fsr-3478	103	68	tax	tax	NOUN
fsr-3478	103	69	basis	basis	NOUN
fsr-3478	103	70	.	.	PUNCT
fsr-3478	104	1	it	it	PRON
fsr-3478	104	2	is	be	AUX
fsr-3478	104	3	also	also	ADV
fsr-3478	104	4	necessary	necessary	ADJ
fsr-3478	104	5	to	to	PART
fsr-3478	104	6	differentiate	differentiate	VERB
fsr-3478	104	7	between	between	ADP
fsr-3478	104	8	the	the	DET
fsr-3478	104	9	terms	term	NOUN
fsr-3478	104	10	withdraw	withdraw	VERB
fsr-3478	104	11	and	and	CCONJ
fsr-3478	104	12	consume	consume	VERB
fsr-3478	104	13	.	.	PUNCT
fsr-3478	105	1	while	while	SCONJ
fsr-3478	105	2	the	the	DET
fsr-3478	105	3	purpose	purpose	NOUN
fsr-3478	105	4	of	of	ADP
fsr-3478	105	5	withdrawals	withdrawal	NOUN
fsr-3478	105	6	is	be	AUX
fsr-3478	105	7	to	to	PART
fsr-3478	105	8	finance	finance	VERB
fsr-3478	105	9	a	a	DET
fsr-3478	105	10	desired	desire	VERB
fsr-3478	105	11	level	level	NOUN
fsr-3478	105	12	of	of	ADP
fsr-3478	105	13	consumption	consumption	NOUN
fsr-3478	105	14	,	,	PUNCT
fsr-3478	105	15	rmd	rmd	PROPN
fsr-3478	105	16	rules	rule	NOUN
fsr-3478	105	17	may	may	AUX
fsr-3478	105	18	result	result	VERB
fsr-3478	105	19	in	in	ADP
fsr-3478	105	20	a	a	DET
fsr-3478	105	21	withdrawal	withdrawal	NOUN
fsr-3478	105	22	different	different	ADJ
fsr-3478	105	23	from	from	ADP
fsr-3478	105	24	that	that	PRON
fsr-3478	105	25	necessary	necessary	ADJ
fsr-3478	105	26	to	to	PART
fsr-3478	105	27	finance	finance	VERB
fsr-3478	105	28	that	that	DET
fsr-3478	105	29	level	level	NOUN
fsr-3478	105	30	of	of	ADP
fsr-3478	105	31	consumption	consumption	NOUN
fsr-3478	105	32	.	.	PUNCT
fsr-3478	106	1	in	in	ADP
fsr-3478	106	2	the	the	DET
fsr-3478	106	3	event	event	NOUN
fsr-3478	106	4	rmd	rmd	PROPN
fsr-3478	106	5	rules	rule	VERB
fsr-3478	106	6	require	require	VERB
fsr-3478	106	7	a	a	DET
fsr-3478	106	8	withdrawal	withdrawal	NOUN
fsr-3478	106	9	greater	great	ADJ
fsr-3478	106	10	than	than	ADP
fsr-3478	106	11	that	that	PRON
fsr-3478	106	12	needed	need	VERB
fsr-3478	106	13	for	for	ADP
fsr-3478	106	14	a	a	DET
fsr-3478	106	15	desired	desire	VERB
fsr-3478	106	16	lifestyle	lifestyle	NOUN
fsr-3478	106	17	,	,	PUNCT
fsr-3478	106	18	we	we	PRON
fsr-3478	106	19	implicitly	implicitly	ADV
fsr-3478	106	20	assume	assume	VERB
fsr-3478	106	21	that	that	SCONJ
fsr-3478	106	22	the	the	DET
fsr-3478	106	23	prudent	prudent	ADJ
fsr-3478	106	24	retiree	retiree	NOUN
fsr-3478	106	25	would	would	AUX
fsr-3478	106	26	reinvest	reinvest	VERB
fsr-3478	106	27	the	the	DET
fsr-3478	106	28	excess	excess	NOUN
fsr-3478	106	29	so	so	SCONJ
fsr-3478	106	30	as	as	SCONJ
fsr-3478	106	31	to	to	PART
fsr-3478	106	32	reduce	reduce	VERB
fsr-3478	106	33	the	the	DET
fsr-3478	106	34	risk	risk	NOUN
fsr-3478	106	35	of	of	ADP
fsr-3478	106	36	premature	premature	ADJ
fsr-3478	106	37	portfolio	portfolio	NOUN
fsr-3478	106	38	depletion	depletion	NOUN
fsr-3478	106	39	.	.	PUNCT
fsr-3478	107	1	prior	prior	ADJ
fsr-3478	107	2	research	research	NOUN
fsr-3478	107	3	has	have	AUX
fsr-3478	107	4	documented	document	VERB
fsr-3478	107	5	that	that	SCONJ
fsr-3478	107	6	the	the	DET
fsr-3478	107	7	probability	probability	NOUN
fsr-3478	107	8	of	of	ADP
fsr-3478	107	9	portfolio	portfolio	NOUN
fsr-3478	107	10	success	success	NOUN
fsr-3478	107	11	is	be	AUX
fsr-3478	107	12	impacted	impact	VERB
fsr-3478	107	13	by	by	ADP
fsr-3478	107	14	withdrawal	withdrawal	NOUN
fsr-3478	107	15	rates	rate	NOUN
fsr-3478	107	16	,	,	PUNCT
fsr-3478	107	17	asset	asset	NOUN
fsr-3478	107	18	allocation	allocation	NOUN
fsr-3478	107	19	,	,	PUNCT
fsr-3478	107	20	retirement	retirement	NOUN
fsr-3478	107	21	horizon	horizon	NOUN
fsr-3478	107	22	,	,	PUNCT
fsr-3478	107	23	and	and	CCONJ
fsr-3478	107	24	measures	measure	NOUN
fsr-3478	107	25	of	of	ADP
fsr-3478	107	26	actual	actual	ADJ
fsr-3478	107	27	portfolio	portfolio	NOUN
fsr-3478	107	28	performance	performance	NOUN
fsr-3478	107	29	,	,	PUNCT
fsr-3478	107	30	including	include	VERB
fsr-3478	107	31	return	return	NOUN
fsr-3478	107	32	,	,	PUNCT
fsr-3478	107	33	standard	standard	ADJ
fsr-3478	107	34	deviation	deviation	NOUN
fsr-3478	107	35	of	of	ADP
fsr-3478	107	36	returns	return	NOUN
fsr-3478	107	37	,	,	PUNCT
fsr-3478	107	38	and	and	CCONJ
fsr-3478	107	39	the	the	DET
fsr-3478	107	40	sequence	sequence	NOUN
fsr-3478	107	41	of	of	ADP
fsr-3478	107	42	returns	return	NOUN
fsr-3478	107	43	.	.	PUNCT
fsr-3478	108	1	the	the	DET
fsr-3478	108	2	retiree	retiree	NOUN
fsr-3478	108	3	makes	make	VERB
fsr-3478	108	4	decisions	decision	NOUN
fsr-3478	108	5	about	about	ADP
fsr-3478	108	6	the	the	DET
fsr-3478	108	7	withdrawal	withdrawal	NOUN
fsr-3478	108	8	rate	rate	NOUN
fsr-3478	108	9	,	,	PUNCT
fsr-3478	108	10	the	the	DET
fsr-3478	108	11	planning	planning	NOUN
fsr-3478	108	12	horizon	horizon	NOUN
fsr-3478	108	13	,	,	PUNCT
fsr-3478	108	14	and	and	CCONJ
fsr-3478	108	15	the	the	DET
fsr-3478	108	16	asset	asset	NOUN
fsr-3478	108	17	allocation	allocation	NOUN
fsr-3478	108	18	for	for	ADP
fsr-3478	108	19	the	the	DET
fsr-3478	108	20	retirement	retirement	NOUN
fsr-3478	108	21	portfolio	portfolio	NOUN
fsr-3478	108	22	.	.	PUNCT
fsr-3478	109	1	however	however	ADV
fsr-3478	109	2	,	,	PUNCT
fsr-3478	109	3	the	the	DET
fsr-3478	109	4	retirement	retirement	NOUN
fsr-3478	109	5	portfolio	portfolio	NOUN
fsr-3478	109	6	will	will	AUX
fsr-3478	109	7	be	be	AUX
fsr-3478	109	8	affected	affect	VERB
fsr-3478	109	9	by	by	ADP
fsr-3478	109	10	economic	economic	ADJ
fsr-3478	109	11	circumstances	circumstance	NOUN
fsr-3478	109	12	and	and	CCONJ
fsr-3478	109	13	chance	chance	NOUN
fsr-3478	109	14	,	,	PUNCT
fsr-3478	109	15	factors	factor	NOUN
fsr-3478	109	16	which	which	PRON
fsr-3478	109	17	are	be	AUX
fsr-3478	109	18	outside	outside	ADP
fsr-3478	109	19	the	the	DET
fsr-3478	109	20	retiree	retiree	NOUN
fsr-3478	109	21	’s	’s	PART
fsr-3478	109	22	control	control	NOUN
fsr-3478	109	23	,	,	PUNCT
fsr-3478	109	24	but	but	CCONJ
fsr-3478	109	25	which	which	PRON
fsr-3478	109	26	will	will	AUX
fsr-3478	109	27	nevertheless	nevertheless	ADV
fsr-3478	109	28	affect	affect	VERB
fsr-3478	109	29	the	the	DET
fsr-3478	109	30	actual	actual	ADJ
fsr-3478	109	31	return	return	NOUN
fsr-3478	109	32	,	,	PUNCT
fsr-3478	109	33	standard	standard	ADJ
fsr-3478	109	34	deviation	deviation	NOUN
fsr-3478	109	35	,	,	PUNCT
fsr-3478	109	36	and	and	CCONJ
fsr-3478	109	37	sequence	sequence	NOUN
fsr-3478	109	38	of	of	ADP
fsr-3478	109	39	returns	return	NOUN
fsr-3478	109	40	that	that	PRON
fsr-3478	109	41	the	the	DET
fsr-3478	109	42	retirement	retirement	NOUN
fsr-3478	109	43	portfolio	portfolio	NOUN
fsr-3478	109	44	may	may	AUX
fsr-3478	109	45	experience	experience	VERB
fsr-3478	109	46	.	.	PUNCT
fsr-3478	110	1	we	we	PRON
fsr-3478	110	2	define	define	VERB
fsr-3478	110	3	a	a	DET
fsr-3478	110	4	retirement	retirement	NOUN
fsr-3478	110	5	portfolio	portfolio	NOUN
fsr-3478	110	6	to	to	PART
fsr-3478	110	7	be	be	AUX
fsr-3478	110	8	a	a	DET
fsr-3478	110	9	success	success	NOUN
fsr-3478	110	10	if	if	SCONJ
fsr-3478	110	11	the	the	DET
fsr-3478	110	12	portfolio	portfolio	NOUN
fsr-3478	110	13	can	can	AUX
fsr-3478	110	14	sustain	sustain	VERB
fsr-3478	110	15	a	a	DET
fsr-3478	110	16	specified	specified	ADJ
fsr-3478	110	17	level	level	NOUN
fsr-3478	110	18	of	of	ADP
fsr-3478	110	19	withdrawal	withdrawal	NOUN
fsr-3478	110	20	over	over	ADP
fsr-3478	110	21	the	the	DET
fsr-3478	110	22	entire	entire	ADJ
fsr-3478	110	23	retirement	retirement	NOUN
fsr-3478	110	24	horizon	horizon	NOUN
fsr-3478	110	25	.	.	PUNCT
fsr-3478	111	1	conversely	conversely	ADV
fsr-3478	111	2	,	,	PUNCT
fsr-3478	111	3	a	a	DET
fsr-3478	111	4	portfolio	portfolio	NOUN
fsr-3478	111	5	that	that	PRON
fsr-3478	111	6	is	be	AUX
fsr-3478	111	7	fully	fully	ADV
fsr-3478	111	8	consumed	consume	VERB
fsr-3478	111	9	within	within	ADP
fsr-3478	111	10	the	the	DET
fsr-3478	111	11	retirement	retirement	NOUN
fsr-3478	111	12	horizon	horizon	NOUN
fsr-3478	111	13	is	be	AUX
fsr-3478	111	14	a	a	DET
fsr-3478	111	15	“	"	PUNCT
fsr-3478	111	16	failure	failure	NOUN
fsr-3478	111	17	.	.	PUNCT
fsr-3478	111	18	”	"	PUNCT
fsr-3478	112	1	retirees	retiree	NOUN
fsr-3478	112	2	need	need	VERB
fsr-3478	112	3	to	to	PART
fsr-3478	112	4	be	be	AUX
fsr-3478	112	5	cognizant	cognizant	ADJ
fsr-3478	112	6	of	of	ADP
fsr-3478	112	7	the	the	DET
fsr-3478	112	8	factors	factor	NOUN
fsr-3478	112	9	that	that	PRON
fsr-3478	112	10	can	can	AUX
fsr-3478	112	11	lead	lead	VERB
fsr-3478	112	12	to	to	ADP
fsr-3478	112	13	portfolio	portfolio	NOUN
fsr-3478	112	14	failure	failure	NOUN
fsr-3478	112	15	,	,	PUNCT
fsr-3478	112	16	and	and	CCONJ
fsr-3478	112	17	while	while	SCONJ
fsr-3478	112	18	some	some	PRON
fsr-3478	112	19	of	of	ADP
fsr-3478	112	20	these	these	DET
fsr-3478	112	21	factors	factor	NOUN
fsr-3478	112	22	can	can	AUX
fsr-3478	112	23	not	not	PART
fsr-3478	112	24	be	be	AUX
fsr-3478	112	25	controlled	control	VERB
fsr-3478	112	26	,	,	PUNCT
fsr-3478	112	27	other	other	ADJ
fsr-3478	112	28	factors	factor	NOUN
fsr-3478	112	29	(	(	PUNCT
fsr-3478	112	30	most	most	ADV
fsr-3478	112	31	commonly	commonly	ADV
fsr-3478	112	32	,	,	PUNCT
fsr-3478	112	33	the	the	DET
fsr-3478	112	34	withdrawal	withdrawal	NOUN
fsr-3478	112	35	rate	rate	NOUN
fsr-3478	112	36	)	)	PUNCT
fsr-3478	112	37	can	can	AUX
fsr-3478	112	38	be	be	AUX
fsr-3478	112	39	managed	manage	VERB
fsr-3478	112	40	to	to	PART
fsr-3478	112	41	mitigate	mitigate	VERB
fsr-3478	112	42	the	the	DET
fsr-3478	112	43	risk	risk	NOUN
fsr-3478	112	44	of	of	ADP
fsr-3478	112	45	portfolio	portfolio	NOUN
fsr-3478	112	46	failure	failure	NOUN
fsr-3478	112	47	.	.	PUNCT
fsr-3478	113	1	while	while	SCONJ
fsr-3478	113	2	financial	financial	ADJ
fsr-3478	113	3	planners	planner	NOUN
fsr-3478	113	4	and	and	CCONJ
fsr-3478	113	5	prior	prior	ADJ
fsr-3478	113	6	academic	academic	ADJ
fsr-3478	113	7	research	research	NOUN
fsr-3478	113	8	encourage	encourage	VERB
fsr-3478	113	9	retirees	retiree	NOUN
fsr-3478	113	10	to	to	PART
fsr-3478	113	11	remain	remain	VERB
fsr-3478	113	12	flexible	flexible	ADJ
fsr-3478	113	13	with	with	ADP
fsr-3478	113	14	their	their	PRON
fsr-3478	113	15	retirement	retirement	NOUN
fsr-3478	113	16	expenditures	expenditure	NOUN
fsr-3478	113	17	,	,	PUNCT
fsr-3478	113	18	retirees	retiree	NOUN
fsr-3478	113	19	may	may	AUX
fsr-3478	113	20	not	not	PART
fsr-3478	113	21	be	be	AUX
fsr-3478	113	22	aware	aware	ADJ
fsr-3478	113	23	of	of	ADP
fsr-3478	113	24	the	the	DET
fsr-3478	113	25	impact	impact	NOUN
fsr-3478	113	26	that	that	PRON
fsr-3478	113	27	these	these	DET
fsr-3478	113	28	variables	variable	NOUN
fsr-3478	113	29	may	may	AUX
fsr-3478	113	30	have	have	VERB
fsr-3478	113	31	on	on	ADP
fsr-3478	113	32	the	the	DET
fsr-3478	113	33	probability	probability	NOUN
fsr-3478	113	34	of	of	ADP
fsr-3478	113	35	a	a	DET
fsr-3478	113	36	successful	successful	ADJ
fsr-3478	113	37	retirement	retirement	NOUN
fsr-3478	113	38	and	and	CCONJ
fsr-3478	113	39	may	may	AUX
fsr-3478	113	40	therefore	therefore	ADV
fsr-3478	113	41	be	be	AUX
fsr-3478	113	42	illequipped	illequippe	VERB
fsr-3478	113	43	to	to	PART
fsr-3478	113	44	make	make	VERB
fsr-3478	113	45	these	these	DET
fsr-3478	113	46	decisions	decision	NOUN
fsr-3478	113	47	or	or	CCONJ
fsr-3478	113	48	respond	respond	VERB
fsr-3478	113	49	to	to	ADP
fsr-3478	113	50	circumstances	circumstance	NOUN
fsr-3478	113	51	.	.	PUNCT
fsr-3478	114	1	we	we	PRON
fsr-3478	114	2	seek	seek	VERB
fsr-3478	114	3	to	to	PART
fsr-3478	114	4	identify	identify	VERB
fsr-3478	114	5	those	those	DET
fsr-3478	114	6	factors	factor	NOUN
fsr-3478	114	7	that	that	PRON
fsr-3478	114	8	contribute	contribute	VERB
fsr-3478	114	9	to	to	ADP
fsr-3478	114	10	portfolio	portfolio	NOUN
fsr-3478	114	11	success	success	NOUN
fsr-3478	114	12	,	,	PUNCT
fsr-3478	114	13	and	and	CCONJ
fsr-3478	114	14	measure	measure	VERB
fsr-3478	114	15	the	the	DET
fsr-3478	114	16	impact	impact	NOUN
fsr-3478	114	17	that	that	PRON
fsr-3478	114	18	each	each	PRON
fsr-3478	114	19	of	of	ADP
fsr-3478	114	20	these	these	DET
fsr-3478	114	21	factors	factor	NOUN
fsr-3478	114	22	will	will	AUX
fsr-3478	114	23	have	have	VERB
fsr-3478	114	24	on	on	ADP
fsr-3478	114	25	the	the	DET
fsr-3478	114	26	probability	probability	NOUN
fsr-3478	114	27	of	of	ADP
fsr-3478	114	28	portfolio	portfolio	NOUN
fsr-3478	114	29	success	success	NOUN
fsr-3478	114	30	.	.	PUNCT
fsr-3478	115	1	portfolio	portfolio	NOUN
fsr-3478	115	2	success	success	NOUN
fsr-3478	115	3	lies	lie	VERB
fsr-3478	115	4	at	at	ADP
fsr-3478	115	5	the	the	DET
fsr-3478	115	6	intersection	intersection	NOUN
fsr-3478	115	7	of	of	ADP
fsr-3478	115	8	the	the	DET
fsr-3478	115	9	planning	planning	NOUN
fsr-3478	115	10	horizon	horizon	NOUN
fsr-3478	115	11	,	,	PUNCT
fsr-3478	115	12	asset	asset	NOUN
fsr-3478	115	13	allocation	allocation	NOUN
fsr-3478	115	14	,	,	PUNCT
fsr-3478	115	15	and	and	CCONJ
fsr-3478	115	16	withdrawal	withdrawal	NOUN
fsr-3478	115	17	strategy	strategy	NOUN
fsr-3478	115	18	(	(	PUNCT
fsr-3478	115	19	collins	collins	PROPN
fsr-3478	115	20	,	,	PUNCT
fsr-3478	115	21	lam	lam	PROPN
fsr-3478	115	22	,	,	PUNCT
fsr-3478	115	23	&	&	CCONJ
fsr-3478	115	24	stampfli	stampfli	NOUN
fsr-3478	115	25	,	,	PUNCT
fsr-3478	115	26	2015	2015	NUM
fsr-3478	115	27	,	,	PUNCT
fsr-3478	115	28	p.194	p.194	ADJ
fsr-3478	115	29	)	)	PUNCT
fsr-3478	115	30	,	,	PUNCT
fsr-3478	115	31	and	and	CCONJ
fsr-3478	115	32	the	the	DET
fsr-3478	115	33	probability	probability	NOUN
fsr-3478	115	34	of	of	ADP
fsr-3478	115	35	portfolio	portfolio	NOUN
fsr-3478	115	36	failure	failure	NOUN
fsr-3478	115	37	(	(	PUNCT
fsr-3478	115	38	also	also	ADV
fsr-3478	115	39	called	call	VERB
fsr-3478	115	40	“	"	PUNCT
fsr-3478	115	41	ruin	ruin	NOUN
fsr-3478	115	42	”	"	PUNCT
fsr-3478	115	43	)	)	PUNCT
fsr-3478	115	44	is	be	AUX
fsr-3478	115	45	a	a	DET
fsr-3478	115	46	useful	useful	ADJ
fsr-3478	115	47	risk	risk	NOUN
fsr-3478	115	48	metric	metric	NOUN
fsr-3478	115	49	that	that	PRON
fsr-3478	115	50	can	can	AUX
fsr-3478	115	51	help	help	VERB
fsr-3478	115	52	retirees	retiree	NOUN
fsr-3478	115	53	understand	understand	VERB
fsr-3478	115	54	the	the	DET
fsr-3478	115	55	link	link	NOUN
fsr-3478	115	56	between	between	ADP
fsr-3478	115	57	their	their	PRON
fsr-3478	115	58	withdrawal	withdrawal	NOUN
fsr-3478	115	59	strategy	strategy	NOUN
fsr-3478	115	60	,	,	PUNCT
fsr-3478	115	61	planning	plan	VERB
fsr-3478	115	62	horizon	horizon	NOUN
fsr-3478	115	63	,	,	PUNCT
fsr-3478	115	64	and	and	CCONJ
fsr-3478	115	65	the	the	DET
fsr-3478	115	66	asset	asset	NOUN
fsr-3478	115	67	allocation	allocation	NOUN
fsr-3478	115	68	of	of	ADP
fsr-3478	115	69	their	their	PRON
fsr-3478	115	70	retirement	retirement	NOUN
fsr-3478	115	71	portfolios	portfolio	NOUN
fsr-3478	115	72	(	(	PUNCT
fsr-3478	115	73	milevsky	milevsky	NOUN
fsr-3478	115	74	&	&	CCONJ
fsr-3478	115	75	robinson	robinson	PROPN
fsr-3478	115	76	,	,	PUNCT
fsr-3478	115	77	2005	2005	NUM
fsr-3478	115	78	,	,	PUNCT
fsr-3478	115	79	p.	p.	NOUN
fsr-3478	115	80	99	99	NUM
fsr-3478	115	81	)	)	PUNCT
fsr-3478	115	82	.	.	PUNCT
fsr-3478	116	1	we	we	PRON
fsr-3478	116	2	use	use	VERB
fsr-3478	116	3	portfolio	portfolio	NOUN
fsr-3478	116	4	success	success	NOUN
fsr-3478	116	5	as	as	ADP
fsr-3478	116	6	the	the	DET
fsr-3478	116	7	dependent	dependent	ADJ
fsr-3478	116	8	variable	variable	NOUN
fsr-3478	116	9	in	in	ADP
fsr-3478	116	10	our	our	PRON
fsr-3478	116	11	analysis	analysis	NOUN
fsr-3478	116	12	.	.	PUNCT
fsr-3478	117	1	we	we	PRON
fsr-3478	117	2	model	model	VERB
fsr-3478	117	3	the	the	DET
fsr-3478	117	4	retirement	retirement	NOUN
fsr-3478	117	5	experience	experience	NOUN
fsr-3478	117	6	as	as	ADP
fsr-3478	117	7	a	a	DET
fsr-3478	117	8	sequence	sequence	NOUN
fsr-3478	117	9	of	of	ADP
fsr-3478	117	10	annual	annual	ADJ
fsr-3478	117	11	adjustments	adjustment	NOUN
fsr-3478	117	12	,	,	PUNCT
fsr-3478	117	13	with	with	ADP
fsr-3478	117	14	the	the	DET
fsr-3478	117	15	initial	initial	ADJ
fsr-3478	117	16	retirement	retirement	NOUN
fsr-3478	117	17	portfolio	portfolio	NOUN
fsr-3478	117	18	growing	grow	VERB
fsr-3478	117	19	or	or	CCONJ
fsr-3478	117	20	shrinking	shrink	VERB
fsr-3478	117	21	according	accord	VERB
fsr-3478	117	22	to	to	ADP
fsr-3478	117	23	the	the	DET
fsr-3478	117	24	portfolio	portfolio	NOUN
fsr-3478	117	25	returns	return	VERB
fsr-3478	117	26	in	in	ADP
fsr-3478	117	27	the	the	DET
fsr-3478	117	28	first	first	ADJ
fsr-3478	117	29	year	year	NOUN
fsr-3478	117	30	followed	follow	VERB
fsr-3478	117	31	by	by	ADP
fsr-3478	117	32	a	a	DET
fsr-3478	117	33	withdrawal	withdrawal	NOUN
fsr-3478	117	34	at	at	ADP
fsr-3478	117	35	the	the	DET
fsr-3478	117	36	end	end	NOUN
fsr-3478	117	37	of	of	ADP
fsr-3478	117	38	the	the	DET
fsr-3478	117	39	year	year	NOUN
fsr-3478	117	40	to	to	PART
fsr-3478	117	41	finance	finance	VERB
fsr-3478	117	42	retirement	retirement	NOUN
fsr-3478	117	43	expenditures	expenditure	NOUN
fsr-3478	117	44	.	.	PUNCT
fsr-3478	118	1	the	the	DET
fsr-3478	118	2	remaining	remain	VERB
fsr-3478	118	3	portfolio	portfolio	NOUN
fsr-3478	118	4	balance	balance	NOUN
fsr-3478	118	5	then	then	ADV
fsr-3478	118	6	grows	grow	VERB
fsr-3478	118	7	or	or	CCONJ
fsr-3478	118	8	shrinks	shrink	VERB
fsr-3478	118	9	according	accord	VERB
fsr-3478	118	10	to	to	ADP
fsr-3478	118	11	the	the	DET
fsr-3478	118	12	portfolio	portfolio	NOUN
fsr-3478	118	13	returns	return	VERB
fsr-3478	118	14	in	in	ADP
fsr-3478	118	15	the	the	DET
fsr-3478	118	16	second	second	ADJ
fsr-3478	118	17	year	year	NOUN
fsr-3478	118	18	followed	follow	VERB
fsr-3478	118	19	by	by	ADP
fsr-3478	118	20	an	an	DET
fsr-3478	118	21	inflation	inflation	NOUN
fsr-3478	118	22	-	-	PUNCT
fsr-3478	118	23	indexed	index	VERB
fsr-3478	118	24	withdrawal	withdrawal	NOUN
fsr-3478	118	25	,	,	PUNCT
fsr-3478	118	26	and	and	CCONJ
fsr-3478	118	27	this	this	DET
fsr-3478	118	28	progression	progression	NOUN
fsr-3478	118	29	continues	continue	VERB
fsr-3478	118	30	over	over	ADP
fsr-3478	118	31	the	the	DET
fsr-3478	118	32	duration	duration	NOUN
fsr-3478	118	33	of	of	ADP
fsr-3478	118	34	the	the	DET
fsr-3478	118	35	retirement	retirement	NOUN
fsr-3478	118	36	.	.	PUNCT
fsr-3478	119	1	the	the	DET
fsr-3478	119	2	decisions	decision	NOUN
fsr-3478	119	3	that	that	PRON
fsr-3478	119	4	the	the	DET
fsr-3478	119	5	retiree	retiree	NOUN
fsr-3478	119	6	makes	make	VERB
fsr-3478	119	7	about	about	ADP
fsr-3478	119	8	asset	asset	NOUN
fsr-3478	119	9	allocation	allocation	NOUN
fsr-3478	119	10	,	,	PUNCT
fsr-3478	119	11	the	the	DET
fsr-3478	119	12	retirement	retirement	NOUN
fsr-3478	119	13	horizon	horizon	NOUN
fsr-3478	119	14	,	,	PUNCT
fsr-3478	119	15	and	and	CCONJ
fsr-3478	119	16	the	the	DET
fsr-3478	119	17	desired	desire	VERB
fsr-3478	119	18	withdrawal	withdrawal	NOUN
fsr-3478	119	19	rate	rate	NOUN
fsr-3478	119	20	are	be	AUX
fsr-3478	119	21	used	use	VERB
fsr-3478	119	22	as	as	ADP
fsr-3478	119	23	inputs	input	NOUN
fsr-3478	119	24	in	in	ADP
fsr-3478	119	25	our	our	PRON
fsr-3478	119	26	analysis	analysis	NOUN
fsr-3478	119	27	.	.	PUNCT
fsr-3478	120	1	we	we	PRON
fsr-3478	120	2	assume	assume	VERB
fsr-3478	120	3	that	that	SCONJ
fsr-3478	120	4	the	the	DET
fsr-3478	120	5	retiree	retiree	NOUN
fsr-3478	120	6	prefers	prefer	VERB
fsr-3478	120	7	fixed	fix	VERB
fsr-3478	120	8	real	real	ADJ
fsr-3478	120	9	withdrawal	withdrawal	NOUN
fsr-3478	120	10	rates	rate	NOUN
fsr-3478	120	11	as	as	SCONJ
fsr-3478	120	12	they	they	PRON
fsr-3478	120	13	are	be	AUX
fsr-3478	120	14	easy	easy	ADJ
fsr-3478	120	15	to	to	PART
fsr-3478	120	16	understand	understand	VERB
fsr-3478	120	17	and	and	CCONJ
fsr-3478	120	18	provide	provide	VERB
fsr-3478	120	19	the	the	DET
fsr-3478	120	20	retiree	retiree	NOUN
fsr-3478	120	21	with	with	ADP
fsr-3478	120	22	constant	constant	ADJ
fsr-3478	120	23	purchasing	purchasing	NOUN
fsr-3478	120	24	power	power	NOUN
fsr-3478	120	25	.	.	PUNCT
fsr-3478	121	1	annual	annual	ADJ
fsr-3478	121	2	portfolio	portfolio	NOUN
fsr-3478	121	3	returns	return	NOUN
fsr-3478	121	4	and	and	CCONJ
fsr-3478	121	5	standard	standard	ADJ
fsr-3478	121	6	deviation	deviation	NOUN
fsr-3478	121	7	are	be	AUX
fsr-3478	121	8	a	a	DET
fsr-3478	121	9	function	function	NOUN
fsr-3478	121	10	of	of	ADP
fsr-3478	121	11	m.	m.	NOUN
fsr-3478	121	12	athavale	athavale	PROPN
fsr-3478	121	13	et	et	PROPN
fsr-3478	121	14	al	al	PROPN
fsr-3478	121	15	.	.	PUNCT
fsr-3478	121	16	/	/	SYM
fsr-3478	121	17	financial	financial	ADJ
fsr-3478	121	18	services	service	NOUN
fsr-3478	121	19	review	review	VERB
fsr-3478	121	20	30	30	NUM
fsr-3478	121	21	(	(	PUNCT
fsr-3478	121	22	2022	2022	NUM
fsr-3478	121	23	)	)	PUNCT
fsr-3478	122	1	125–143	125–143	NOUN
fsr-3478	122	2	131	131	NUM
fsr-3478	122	3	the	the	DET
fsr-3478	122	4	selected	select	VERB
fsr-3478	122	5	asset	asset	NOUN
fsr-3478	122	6	allocation	allocation	NOUN
fsr-3478	123	1	but	but	CCONJ
fsr-3478	123	2	reflect	reflect	VERB
fsr-3478	123	3	the	the	DET
fsr-3478	123	4	uncertain	uncertain	ADJ
fsr-3478	123	5	external	external	ADJ
fsr-3478	123	6	environment	environment	NOUN
fsr-3478	123	7	,	,	PUNCT
fsr-3478	123	8	and	and	CCONJ
fsr-3478	123	9	are	be	AUX
fsr-3478	123	10	determined	determine	VERB
fsr-3478	123	11	by	by	ADP
fsr-3478	123	12	simulation	simulation	NOUN
fsr-3478	123	13	.	.	PUNCT
fsr-3478	124	1	the	the	DET
fsr-3478	124	2	simulated	simulated	ADJ
fsr-3478	124	3	annual	annual	ADJ
fsr-3478	124	4	portfolio	portfolio	NOUN
fsr-3478	124	5	returns	return	NOUN
fsr-3478	124	6	also	also	ADV
fsr-3478	124	7	determine	determine	VERB
fsr-3478	124	8	if	if	SCONJ
fsr-3478	124	9	the	the	DET
fsr-3478	124	10	retirement	retirement	NOUN
fsr-3478	124	11	portfolio	portfolio	NOUN
fsr-3478	124	12	encounters	encounter	VERB
fsr-3478	124	13	an	an	DET
fsr-3478	124	14	unfortunate	unfortunate	ADJ
fsr-3478	124	15	sequence	sequence	NOUN
fsr-3478	124	16	of	of	ADP
fsr-3478	124	17	negative	negative	ADJ
fsr-3478	124	18	returns	return	NOUN
fsr-3478	124	19	during	during	ADP
fsr-3478	124	20	the	the	DET
fsr-3478	124	21	early	early	ADJ
fsr-3478	124	22	retirement	retirement	NOUN
fsr-3478	124	23	years	year	NOUN
fsr-3478	124	24	.	.	PUNCT
fsr-3478	125	1	the	the	DET
fsr-3478	125	2	early	early	ADJ
fsr-3478	125	3	sequence	sequence	NOUN
fsr-3478	125	4	of	of	ADP
fsr-3478	125	5	negative	negative	ADJ
fsr-3478	125	6	returns	return	NOUN
fsr-3478	125	7	may	may	AUX
fsr-3478	125	8	decimate	decimate	VERB
fsr-3478	125	9	the	the	DET
fsr-3478	125	10	portfolio	portfolio	NOUN
fsr-3478	125	11	and	and	CCONJ
fsr-3478	125	12	significantly	significantly	ADV
fsr-3478	125	13	impair	impair	VERB
fsr-3478	125	14	the	the	DET
fsr-3478	125	15	portfolio	portfolio	NOUN
fsr-3478	125	16	’s	’s	PART
fsr-3478	125	17	ability	ability	NOUN
fsr-3478	125	18	to	to	PART
fsr-3478	125	19	grow	grow	VERB
fsr-3478	125	20	and	and	CCONJ
fsr-3478	125	21	generate	generate	VERB
fsr-3478	125	22	income	income	NOUN
fsr-3478	125	23	,	,	PUNCT
fsr-3478	125	24	decreasing	decrease	VERB
fsr-3478	125	25	the	the	DET
fsr-3478	125	26	probability	probability	NOUN
fsr-3478	125	27	of	of	ADP
fsr-3478	125	28	a	a	DET
fsr-3478	125	29	successful	successful	ADJ
fsr-3478	125	30	retirement	retirement	NOUN
fsr-3478	125	31	(	(	PUNCT
fsr-3478	125	32	blanchett	blanchett	PROPN
fsr-3478	125	33	et	et	PROPN
fsr-3478	125	34	al	al	PROPN
fsr-3478	125	35	.	.	PROPN
fsr-3478	125	36	,	,	PUNCT
fsr-3478	125	37	2014	2014	NUM
fsr-3478	125	38	,	,	PUNCT
fsr-3478	125	39	p.	p.	NOUN
fsr-3478	125	40	55	55	NUM
fsr-3478	125	41	)	)	PUNCT
fsr-3478	125	42	.	.	PUNCT
fsr-3478	126	1	evaluation	evaluation	NOUN
fsr-3478	126	2	of	of	ADP
fsr-3478	126	3	retirement	retirement	NOUN
fsr-3478	126	4	strategies	strategy	NOUN
fsr-3478	126	5	involves	involve	VERB
fsr-3478	126	6	the	the	DET
fsr-3478	126	7	consideration	consideration	NOUN
fsr-3478	126	8	of	of	ADP
fsr-3478	126	9	a	a	DET
fsr-3478	126	10	large	large	ADJ
fsr-3478	126	11	number	number	NOUN
fsr-3478	126	12	of	of	ADP
fsr-3478	126	13	simulated	simulated	ADJ
fsr-3478	126	14	or	or	CCONJ
fsr-3478	126	15	historical	historical	ADJ
fsr-3478	126	16	retirement	retirement	NOUN
fsr-3478	126	17	periods	period	NOUN
fsr-3478	126	18	and	and	CCONJ
fsr-3478	126	19	the	the	DET
fsr-3478	126	20	subsequent	subsequent	ADJ
fsr-3478	126	21	estimation	estimation	NOUN
fsr-3478	126	22	of	of	ADP
fsr-3478	126	23	their	their	PRON
fsr-3478	126	24	failure	failure	NOUN
fsr-3478	126	25	rate	rate	NOUN
fsr-3478	126	26	.	.	PUNCT
fsr-3478	127	1	the	the	DET
fsr-3478	127	2	use	use	NOUN
fsr-3478	127	3	of	of	ADP
fsr-3478	127	4	simulations	simulation	NOUN
fsr-3478	127	5	in	in	ADP
fsr-3478	127	6	retirement	retirement	NOUN
fsr-3478	127	7	planning	planning	NOUN
fsr-3478	127	8	has	have	VERB
fsr-3478	127	9	both	both	PRON
fsr-3478	127	10	proponents	proponent	NOUN
fsr-3478	127	11	and	and	CCONJ
fsr-3478	127	12	opponents	opponent	NOUN
fsr-3478	127	13	,	,	PUNCT
fsr-3478	127	14	and	and	CCONJ
fsr-3478	127	15	sandidge	sandidge	NOUN
fsr-3478	127	16	(	(	PUNCT
fsr-3478	127	17	2020	2020	NUM
fsr-3478	127	18	)	)	PUNCT
fsr-3478	127	19	explains	explain	VERB
fsr-3478	127	20	that	that	SCONJ
fsr-3478	127	21	that	that	SCONJ
fsr-3478	127	22	simulations	simulation	NOUN
fsr-3478	127	23	are	be	AUX
fsr-3478	127	24	ineffective	ineffective	ADJ
fsr-3478	127	25	because	because	SCONJ
fsr-3478	127	26	most	most	ADJ
fsr-3478	127	27	people	people	NOUN
fsr-3478	127	28	lack	lack	VERB
fsr-3478	127	29	the	the	DET
fsr-3478	127	30	numeric	numeric	ADJ
fsr-3478	127	31	skills	skill	NOUN
fsr-3478	127	32	needed	need	VERB
fsr-3478	127	33	to	to	PART
fsr-3478	127	34	assess	assess	VERB
fsr-3478	127	35	probability	probability	NOUN
fsr-3478	127	36	.	.	PUNCT
fsr-3478	128	1	collins	collins	PROPN
fsr-3478	128	2	,	,	PUNCT
fsr-3478	128	3	lam	lam	PROPN
fsr-3478	128	4	,	,	PUNCT
fsr-3478	128	5	and	and	CCONJ
fsr-3478	128	6	stampfli	stampfli	NOUN
fsr-3478	128	7	(	(	PUNCT
fsr-3478	128	8	2015	2015	NUM
fsr-3478	128	9	)	)	PUNCT
fsr-3478	128	10	reviewed	review	VERB
fsr-3478	128	11	retirement	retirement	NOUN
fsr-3478	128	12	income	income	NOUN
fsr-3478	128	13	modeling	modeling	NOUN
fsr-3478	128	14	strategies	strategy	NOUN
fsr-3478	128	15	and	and	CCONJ
fsr-3478	128	16	state	state	NOUN
fsr-3478	128	17	that	that	SCONJ
fsr-3478	128	18	the	the	DET
fsr-3478	128	19	simulation	simulation	NOUN
fsr-3478	128	20	methodology	methodology	NOUN
fsr-3478	128	21	overcomes	overcome	VERB
fsr-3478	128	22	the	the	DET
fsr-3478	128	23	limitation	limitation	NOUN
fsr-3478	128	24	of	of	ADP
fsr-3478	128	25	relying	rely	VERB
fsr-3478	128	26	on	on	ADP
fsr-3478	128	27	past	past	ADJ
fsr-3478	128	28	returns	return	NOUN
fsr-3478	128	29	as	as	ADP
fsr-3478	128	30	the	the	DET
fsr-3478	128	31	basis	basis	NOUN
fsr-3478	128	32	of	of	ADP
fsr-3478	128	33	potential	potential	ADJ
fsr-3478	128	34	outcomes	outcome	NOUN
fsr-3478	128	35	,	,	PUNCT
fsr-3478	128	36	thus	thus	ADV
fsr-3478	128	37	allowing	allow	VERB
fsr-3478	128	38	for	for	ADP
fsr-3478	128	39	a	a	DET
fsr-3478	128	40	much	much	ADV
fsr-3478	128	41	greater	great	ADJ
fsr-3478	128	42	range	range	NOUN
fsr-3478	128	43	of	of	ADP
fsr-3478	128	44	potential	potential	ADJ
fsr-3478	128	45	outcomes	outcome	NOUN
fsr-3478	128	46	.	.	PUNCT
fsr-3478	129	1	however	however	ADV
fsr-3478	129	2	,	,	PUNCT
fsr-3478	129	3	the	the	DET
fsr-3478	129	4	inputs	input	NOUN
fsr-3478	129	5	that	that	PRON
fsr-3478	129	6	drive	drive	VERB
fsr-3478	129	7	these	these	DET
fsr-3478	129	8	models	model	NOUN
fsr-3478	129	9	need	need	VERB
fsr-3478	129	10	to	to	PART
fsr-3478	129	11	be	be	AUX
fsr-3478	129	12	realistic	realistic	ADJ
fsr-3478	129	13	.	.	PUNCT
fsr-3478	130	1	cooley	cooley	PROPN
fsr-3478	130	2	,	,	PUNCT
fsr-3478	130	3	hubbard	hubbard	PROPN
fsr-3478	130	4	,	,	PUNCT
fsr-3478	130	5	and	and	CCONJ
fsr-3478	130	6	walz	walz	PROPN
fsr-3478	130	7	(	(	PUNCT
fsr-3478	130	8	2003	2003	NUM
fsr-3478	130	9	,	,	PUNCT
fsr-3478	130	10	p.	p.	NOUN
fsr-3478	130	11	128	128	NUM
fsr-3478	130	12	)	)	PUNCT
fsr-3478	130	13	find	find	VERB
fsr-3478	130	14	that	that	SCONJ
fsr-3478	130	15	success	success	NOUN
fsr-3478	130	16	rates	rate	NOUN
fsr-3478	130	17	differ	differ	VERB
fsr-3478	130	18	when	when	SCONJ
fsr-3478	130	19	using	use	VERB
fsr-3478	130	20	monte	monte	PROPN
fsr-3478	130	21	carlo	carlo	PROPN
fsr-3478	130	22	simulation	simulation	PROPN
fsr-3478	130	23	methodology	methodology	NOUN
fsr-3478	130	24	compared	compare	VERB
fsr-3478	130	25	with	with	ADP
fsr-3478	130	26	the	the	DET
fsr-3478	130	27	overlapping	overlap	VERB
fsr-3478	130	28	periods	period	NOUN
fsr-3478	130	29	methodology	methodology	NOUN
fsr-3478	130	30	,	,	PUNCT
fsr-3478	130	31	and	and	CCONJ
fsr-3478	130	32	recommend	recommend	VERB
fsr-3478	130	33	the	the	DET
fsr-3478	130	34	use	use	NOUN
fsr-3478	130	35	of	of	ADP
fsr-3478	130	36	simulation	simulation	NOUN
fsr-3478	130	37	methodology	methodology	NOUN
fsr-3478	130	38	for	for	ADP
fsr-3478	130	39	the	the	DET
fsr-3478	130	40	longer	long	ADJ
fsr-3478	130	41	payout	payout	NOUN
fsr-3478	130	42	periods	period	NOUN
fsr-3478	130	43	which	which	PRON
fsr-3478	130	44	are	be	AUX
fsr-3478	130	45	important	important	ADJ
fsr-3478	130	46	in	in	ADP
fsr-3478	130	47	retirement	retirement	NOUN
fsr-3478	130	48	planning	planning	NOUN
fsr-3478	130	49	.	.	PUNCT
fsr-3478	131	1	we	we	PRON
fsr-3478	131	2	intend	intend	VERB
fsr-3478	131	3	to	to	PART
fsr-3478	131	4	simulate	simulate	VERB
fsr-3478	131	5	a	a	DET
fsr-3478	131	6	large	large	ADJ
fsr-3478	131	7	number	number	NOUN
fsr-3478	131	8	of	of	ADP
fsr-3478	131	9	scenarios	scenario	NOUN
fsr-3478	131	10	representing	represent	VERB
fsr-3478	131	11	the	the	DET
fsr-3478	131	12	wide	wide	ADJ
fsr-3478	131	13	spectrum	spectrum	NOUN
fsr-3478	131	14	of	of	ADP
fsr-3478	131	15	possible	possible	ADJ
fsr-3478	131	16	retirement	retirement	NOUN
fsr-3478	131	17	experiences	experience	NOUN
fsr-3478	131	18	.	.	PUNCT
fsr-3478	132	1	we	we	PRON
fsr-3478	132	2	then	then	ADV
fsr-3478	132	3	follow	follow	VERB
fsr-3478	132	4	the	the	DET
fsr-3478	132	5	previously	previously	ADV
fsr-3478	132	6	described	describe	VERB
fsr-3478	132	7	sequence	sequence	NOUN
fsr-3478	132	8	of	of	ADP
fsr-3478	132	9	annual	annual	ADJ
fsr-3478	132	10	adjustments	adjustment	NOUN
fsr-3478	132	11	over	over	ADP
fsr-3478	132	12	the	the	DET
fsr-3478	132	13	retirement	retirement	NOUN
fsr-3478	132	14	horizon	horizon	NOUN
fsr-3478	132	15	to	to	PART
fsr-3478	132	16	determine	determine	VERB
fsr-3478	132	17	the	the	DET
fsr-3478	132	18	outcome	outcome	NOUN
fsr-3478	132	19	of	of	ADP
fsr-3478	132	20	each	each	DET
fsr-3478	132	21	scenario	scenario	NOUN
fsr-3478	132	22	,	,	PUNCT
fsr-3478	132	23	that	that	ADV
fsr-3478	132	24	is	is	ADV
fsr-3478	132	25	,	,	PUNCT
fsr-3478	132	26	whether	whether	SCONJ
fsr-3478	132	27	each	each	PRON
fsr-3478	132	28	of	of	ADP
fsr-3478	132	29	the	the	DET
fsr-3478	132	30	scenarios	scenario	NOUN
fsr-3478	132	31	ends	end	VERB
fsr-3478	132	32	in	in	ADP
fsr-3478	132	33	portfolio	portfolio	NOUN
fsr-3478	132	34	success	success	NOUN
fsr-3478	132	35	or	or	CCONJ
fsr-3478	132	36	portfolio	portfolio	NOUN
fsr-3478	132	37	failure	failure	NOUN
fsr-3478	132	38	.	.	PUNCT
fsr-3478	133	1	and	and	CCONJ
fsr-3478	133	2	finally	finally	ADV
fsr-3478	133	3	,	,	PUNCT
fsr-3478	133	4	we	we	PRON
fsr-3478	133	5	will	will	AUX
fsr-3478	133	6	model	model	VERB
fsr-3478	133	7	the	the	DET
fsr-3478	133	8	portfolio	portfolio	NOUN
fsr-3478	133	9	outcome	outcome	NOUN
fsr-3478	133	10	(	(	PUNCT
fsr-3478	133	11	success	success	NOUN
fsr-3478	133	12	or	or	CCONJ
fsr-3478	133	13	failure	failure	NOUN
fsr-3478	133	14	)	)	PUNCT
fsr-3478	133	15	using	use	VERB
fsr-3478	133	16	a	a	DET
fsr-3478	133	17	logistic	logistic	ADJ
fsr-3478	133	18	regression	regression	NOUN
fsr-3478	133	19	that	that	PRON
fsr-3478	133	20	generally	generally	ADV
fsr-3478	133	21	takes	take	VERB
fsr-3478	133	22	the	the	DET
fsr-3478	133	23	form	form	NOUN
fsr-3478	133	24	:	:	PUNCT
fsr-3478	133	25	ln	ln	ADJ
fsr-3478	133	26	p	p	VERB
fsr-3478	133	27	1	1	NUM
fsr-3478	133	28	�	�	PROPN
fsr-3478	133	29	p	p	PROPN
fsr-3478	133	30	�	�	PROPN
fsr-3478	133	31	�	�	PROPN
fsr-3478	133	32	¼	¼	NOUN
fsr-3478	133	33	a	a	DET
fsr-3478	133	34	þob	þob	NOUN
fsr-3478	133	35	ixi	ixi	NOUN
fsr-3478	133	36	þ	þ	NOUN
fsr-3478	133	37	«	«	PUNCT
fsr-3478	133	38	where	where	SCONJ
fsr-3478	133	39	p	p	NOUN
fsr-3478	133	40	is	be	AUX
fsr-3478	133	41	the	the	DET
fsr-3478	133	42	probability	probability	NOUN
fsr-3478	133	43	of	of	ADP
fsr-3478	133	44	portfolio	portfolio	NOUN
fsr-3478	133	45	success	success	NOUN
fsr-3478	133	46	,	,	PUNCT
fsr-3478	133	47	and	and	CCONJ
fsr-3478	133	48	the	the	DET
fsr-3478	133	49	left	left	ADJ
fsr-3478	133	50	-	-	PUNCT
fsr-3478	133	51	hand	hand	NOUN
fsr-3478	133	52	term	term	NOUN
fsr-3478	133	53	is	be	AUX
fsr-3478	133	54	the	the	DET
fsr-3478	133	55	log	log	NOUN
fsr-3478	133	56	-	-	PUNCT
fsr-3478	133	57	odds	odd	NOUN
fsr-3478	133	58	.	.	PUNCT
fsr-3478	134	1	the	the	DET
fsr-3478	134	2	explanatory	explanatory	ADJ
fsr-3478	134	3	variables	variable	NOUN
fsr-3478	134	4	include	include	VERB
fsr-3478	134	5	the	the	DET
fsr-3478	134	6	retiree	retiree	NOUN
fsr-3478	134	7	choice	choice	NOUN
fsr-3478	134	8	variables	variable	NOUN
fsr-3478	134	9	(	(	PUNCT
fsr-3478	134	10	withdrawal	withdrawal	NOUN
fsr-3478	134	11	rate	rate	NOUN
fsr-3478	134	12	,	,	PUNCT
fsr-3478	134	13	asset	asset	NOUN
fsr-3478	134	14	allocation	allocation	NOUN
fsr-3478	134	15	,	,	PUNCT
fsr-3478	134	16	and	and	CCONJ
fsr-3478	134	17	retirement	retirement	NOUN
fsr-3478	134	18	horizon	horizon	PROPN
fsr-3478	134	19	)	)	PUNCT
fsr-3478	134	20	and	and	CCONJ
fsr-3478	134	21	the	the	DET
fsr-3478	134	22	chance	chance	NOUN
fsr-3478	134	23	variables	variable	NOUN
fsr-3478	134	24	(	(	PUNCT
fsr-3478	134	25	return	return	NOUN
fsr-3478	134	26	,	,	PUNCT
fsr-3478	134	27	risk	risk	NOUN
fsr-3478	134	28	,	,	PUNCT
fsr-3478	134	29	and	and	CCONJ
fsr-3478	134	30	the	the	DET
fsr-3478	134	31	early	early	ADJ
fsr-3478	134	32	returns	return	NOUN
fsr-3478	134	33	experience	experience	VERB
fsr-3478	134	34	)	)	PUNCT
fsr-3478	134	35	.	.	PUNCT
fsr-3478	135	1	these	these	DET
fsr-3478	135	2	variables	variable	NOUN
fsr-3478	135	3	are	be	AUX
fsr-3478	135	4	defined	define	VERB
fsr-3478	135	5	in	in	ADP
fsr-3478	135	6	table	table	NOUN
fsr-3478	135	7	1	1	NUM
fsr-3478	135	8	.	.	PUNCT
fsr-3478	136	1	the	the	DET
fsr-3478	136	2	binary	binary	PROPN
fsr-3478	136	3	logistic	logistic	ADJ
fsr-3478	136	4	regression	regression	NOUN
fsr-3478	136	5	is	be	AUX
fsr-3478	136	6	typically	typically	ADV
fsr-3478	136	7	preferred	prefer	VERB
fsr-3478	136	8	when	when	SCONJ
fsr-3478	136	9	modeling	model	VERB
fsr-3478	136	10	a	a	DET
fsr-3478	136	11	dichotomous	dichotomous	ADJ
fsr-3478	136	12	outcome	outcome	NOUN
fsr-3478	136	13	variable	variable	NOUN
fsr-3478	136	14	.	.	PUNCT
fsr-3478	137	1	we	we	PRON
fsr-3478	137	2	intend	intend	VERB
fsr-3478	137	3	to	to	PART
fsr-3478	137	4	use	use	VERB
fsr-3478	137	5	a	a	DET
fsr-3478	137	6	logit	logit	NOUN
fsr-3478	137	7	model	model	NOUN
fsr-3478	137	8	because	because	SCONJ
fsr-3478	137	9	the	the	DET
fsr-3478	137	10	dependent	dependent	ADJ
fsr-3478	137	11	variable	variable	NOUN
fsr-3478	137	12	is	be	AUX
fsr-3478	137	13	a	a	DET
fsr-3478	137	14	binary	binary	ADJ
fsr-3478	137	15	categorical	categorical	ADJ
fsr-3478	137	16	variable	variable	NOUN
fsr-3478	137	17	,	,	PUNCT
fsr-3478	137	18	equaling	equal	VERB
fsr-3478	137	19	one	one	NUM
fsr-3478	137	20	when	when	SCONJ
fsr-3478	137	21	the	the	DET
fsr-3478	137	22	portfolio	portfolio	NOUN
fsr-3478	137	23	successfully	successfully	ADV
fsr-3478	137	24	sustains	sustain	VERB
fsr-3478	137	25	the	the	DET
fsr-3478	137	26	desired	desire	VERB
fsr-3478	137	27	withdrawal	withdrawal	NOUN
fsr-3478	137	28	rate	rate	NOUN
fsr-3478	137	29	over	over	ADP
fsr-3478	137	30	the	the	DET
fsr-3478	137	31	entire	entire	ADJ
fsr-3478	137	32	retirement	retirement	NOUN
fsr-3478	137	33	horizon	horizon	NOUN
fsr-3478	137	34	,	,	PUNCT
fsr-3478	137	35	and	and	CCONJ
fsr-3478	137	36	zero	zero	NUM
fsr-3478	137	37	when	when	SCONJ
fsr-3478	137	38	the	the	DET
fsr-3478	137	39	outcome	outcome	NOUN
fsr-3478	137	40	is	be	AUX
fsr-3478	137	41	portfolio	portfolio	NOUN
fsr-3478	137	42	failure	failure	NOUN
fsr-3478	137	43	.	.	PUNCT
fsr-3478	138	1	the	the	DET
fsr-3478	138	2	logistic	logistic	ADJ
fsr-3478	138	3	regression	regression	NOUN
fsr-3478	138	4	allows	allow	VERB
fsr-3478	138	5	us	we	PRON
fsr-3478	138	6	to	to	PART
fsr-3478	138	7	identify	identify	VERB
fsr-3478	138	8	and	and	CCONJ
fsr-3478	138	9	analyze	analyze	VERB
fsr-3478	138	10	the	the	DET
fsr-3478	138	11	impact	impact	NOUN
fsr-3478	138	12	of	of	ADP
fsr-3478	138	13	factors	factor	NOUN
fsr-3478	138	14	that	that	PRON
fsr-3478	138	15	influence	influence	NOUN
fsr-3478	138	16	portfolio	portfolio	NOUN
fsr-3478	138	17	success	success	NOUN
fsr-3478	138	18	in	in	ADP
fsr-3478	138	19	a	a	DET
fsr-3478	138	20	multivariate	multivariate	NOUN
fsr-3478	138	21	setting	setting	NOUN
fsr-3478	138	22	.	.	PUNCT
fsr-3478	139	1	4	4	X
fsr-3478	139	2	.	.	X
fsr-3478	139	3	data	datum	NOUN
fsr-3478	139	4	and	and	CCONJ
fsr-3478	139	5	method	method	NOUN
fsr-3478	139	6	at	at	ADP
fsr-3478	139	7	the	the	DET
fsr-3478	139	8	start	start	NOUN
fsr-3478	139	9	of	of	ADP
fsr-3478	139	10	the	the	DET
fsr-3478	139	11	retirement	retirement	NOUN
fsr-3478	139	12	period	period	NOUN
fsr-3478	139	13	,	,	PUNCT
fsr-3478	139	14	individuals	individual	NOUN
fsr-3478	139	15	can	can	AUX
fsr-3478	139	16	make	make	VERB
fsr-3478	139	17	choices	choice	NOUN
fsr-3478	139	18	about	about	ADP
fsr-3478	139	19	the	the	DET
fsr-3478	139	20	retirement	retirement	NOUN
fsr-3478	139	21	planning	planning	NOUN
fsr-3478	139	22	horizon	horizon	NOUN
fsr-3478	139	23	,	,	PUNCT
fsr-3478	139	24	asset	asset	NOUN
fsr-3478	139	25	allocation	allocation	NOUN
fsr-3478	139	26	,	,	PUNCT
fsr-3478	139	27	and	and	CCONJ
fsr-3478	139	28	the	the	DET
fsr-3478	139	29	withdrawal	withdrawal	NOUN
fsr-3478	139	30	rate	rate	NOUN
fsr-3478	139	31	.	.	PUNCT
fsr-3478	140	1	individuals	individual	NOUN
fsr-3478	140	2	retiring	retire	VERB
fsr-3478	140	3	today	today	NOUN
fsr-3478	140	4	are	be	AUX
fsr-3478	140	5	living	live	VERB
fsr-3478	140	6	longer	long	ADV
fsr-3478	140	7	than	than	ADP
fsr-3478	140	8	prior	prior	ADJ
fsr-3478	140	9	generations	generation	NOUN
fsr-3478	140	10	and	and	CCONJ
fsr-3478	140	11	spending	spend	VERB
fsr-3478	140	12	longer	long	ADJ
fsr-3478	140	13	periods	period	NOUN
fsr-3478	140	14	of	of	ADP
fsr-3478	140	15	time	time	NOUN
fsr-3478	140	16	in	in	ADP
fsr-3478	140	17	retirement	retirement	NOUN
fsr-3478	140	18	.	.	PUNCT
fsr-3478	141	1	for	for	ADP
fsr-3478	141	2	the	the	DET
fsr-3478	141	3	132	132	NUM
fsr-3478	141	4	m.	m.	NOUN
fsr-3478	141	5	athavale	athavale	NOUN
fsr-3478	141	6	et	et	PROPN
fsr-3478	141	7	al	al	PROPN
fsr-3478	141	8	.	.	PUNCT
fsr-3478	141	9	/	/	SYM
fsr-3478	141	10	financial	financial	ADJ
fsr-3478	141	11	services	service	NOUN
fsr-3478	141	12	review	review	VERB
fsr-3478	141	13	30	30	NUM
fsr-3478	141	14	(	(	PUNCT
fsr-3478	141	15	2022	2022	NUM
fsr-3478	141	16	)	)	PUNCT
fsr-3478	142	1	125–143	125–143	PROPN
fsr-3478	142	2	t	t	PROPN
fsr-3478	142	3	ab	ab	PROPN
fsr-3478	142	4	le	le	PROPN
fsr-3478	142	5	1	1	NUM
fsr-3478	142	6	v	v	PROPN
fsr-3478	142	7	ar	ar	PROPN
fsr-3478	142	8	ia	ia	PROPN
fsr-3478	142	9	b	b	PROPN
fsr-3478	142	10	le	le	X
fsr-3478	142	11	n	n	PRON
fsr-3478	142	12	am	be	AUX
fsr-3478	142	13	es	es	ADP
fsr-3478	142	14	an	an	DET
fsr-3478	142	15	d	d	X
fsr-3478	142	16	d	d	PROPN
fsr-3478	142	17	es	es	PROPN
fsr-3478	142	18	cr	cr	NOUN
fsr-3478	142	19	ip	ip	VERB
fsr-3478	142	20	ti	ti	X
fsr-3478	142	21	o	o	NOUN
fsr-3478	142	22	n	n	ADP
fsr-3478	142	23	s	s	PART
fsr-3478	142	24	n	n	PRON
fsr-3478	142	25	am	be	AUX
fsr-3478	142	26	e	e	X
fsr-3478	142	27	d	d	X
fsr-3478	142	28	es	es	PROPN
fsr-3478	142	29	cr	cr	NOUN
fsr-3478	142	30	ip	ip	VERB
fsr-3478	142	31	ti	ti	X
fsr-3478	142	32	o	o	NOUN
fsr-3478	142	33	n	n	PROPN
fsr-3478	142	34	w	w	NOUN
fsr-3478	143	1	it	it	PRON
fsr-3478	143	2	h	h	NOUN
fsr-3478	144	1	d	d	X
fsr-3478	144	2	ra	ra	PROPN
fsr-3478	144	3	w	w	PROPN
fsr-3478	144	4	al	al	PROPN
fsr-3478	144	5	ra	ra	PROPN
fsr-3478	144	6	te	te	PROPN
fsr-3478	144	7	a	a	DET
fsr-3478	144	8	re	re	X
fsr-3478	144	9	ti	ti	X
fsr-3478	144	10	re	re	X
fsr-3478	144	11	e	e	X
fsr-3478	144	12	d	d	X
fsr-3478	144	13	et	et	PROPN
fsr-3478	144	14	er	er	INTJ
fsr-3478	144	15	m	m	VERB
fsr-3478	144	16	in	in	ADP
fsr-3478	144	17	ed	ed	PROPN
fsr-3478	144	18	w	w	NOUN
fsr-3478	145	1	it	it	PRON
fsr-3478	145	2	h	h	NOUN
fsr-3478	146	1	d	d	X
fsr-3478	146	2	ra	ra	PROPN
fsr-3478	146	3	w	w	PROPN
fsr-3478	146	4	al	al	PROPN
fsr-3478	146	5	ra	ra	PROPN
fsr-3478	146	6	te	te	ADP
fsr-3478	146	7	ex	ex	PRON
fsr-3478	146	8	p	p	X
fsr-3478	146	9	re	re	PROPN
fsr-3478	146	10	ss	ss	NOUN
fsr-3478	146	11	ed	ed	NOUN
fsr-3478	146	12	as	as	ADP
fsr-3478	146	13	a	a	DET
fsr-3478	146	14	p	p	X
fsr-3478	146	15	er	er	INTJ
fsr-3478	146	16	ce	ce	PROPN
fsr-3478	146	17	n	n	X
fsr-3478	147	1	ta	ta	X
fsr-3478	147	2	g	g	PROPN
fsr-3478	147	3	e	e	PROPN
fsr-3478	147	4	o	o	X
fsr-3478	147	5	f	f	X
fsr-3478	147	6	th	th	X
fsr-3478	147	7	e	e	NOUN
fsr-3478	147	8	in	in	ADP
fsr-3478	147	9	it	it	PRON
fsr-3478	148	1	ia	ia	VERB
fsr-3478	148	2	l	l	NOUN
fsr-3478	148	3	p	p	X
fsr-3478	149	1	o	o	X
fsr-3478	149	2	rt	rt	INTJ
fsr-3478	149	3	fo	fo	INTJ
fsr-3478	149	4	li	li	PROPN
fsr-3478	150	1	o	o	PROPN
fsr-3478	150	2	b	b	PROPN
fsr-3478	150	3	al	al	PROPN
fsr-3478	150	4	an	an	PROPN
fsr-3478	150	5	ce	ce	PROPN
fsr-3478	150	6	.	.	PUNCT
fsr-3478	151	1	w	w	INTJ
fsr-3478	151	2	it	it	PRON
fsr-3478	152	1	h	h	NOUN
fsr-3478	153	1	d	d	X
fsr-3478	153	2	ra	ra	PROPN
fsr-3478	153	3	w	w	PROPN
fsr-3478	153	4	al	al	PROPN
fsr-3478	153	5	s	s	VERB
fsr-3478	154	1	fr	fr	INTJ
fsr-3478	154	2	o	o	NOUN
fsr-3478	154	3	m	m	VERB
fsr-3478	154	4	th	th	X
fsr-3478	154	5	e	e	X
fsr-3478	154	6	p	p	X
fsr-3478	155	1	o	o	X
fsr-3478	155	2	rt	rt	INTJ
fsr-3478	155	3	fo	fo	INTJ
fsr-3478	155	4	li	li	PROPN
fsr-3478	155	5	o	o	PROPN
fsr-3478	155	6	at	at	ADP
fsr-3478	155	7	th	th	X
fsr-3478	155	8	is	be	AUX
fsr-3478	155	9	ra	ra	PROPN
fsr-3478	155	10	te	te	PROPN
fsr-3478	155	11	,	,	PUNCT
fsr-3478	155	12	ad	ad	PROPN
fsr-3478	155	13	ju	ju	PROPN
fsr-3478	155	14	st	st	PROPN
fsr-3478	156	1	ed	ed	NOUN
fsr-3478	156	2	fo	fo	ADP
fsr-3478	156	3	r	r	NOUN
fsr-3478	156	4	in	in	ADP
fsr-3478	156	5	fl	fl	NUM
fsr-3478	156	6	at	at	ADP
fsr-3478	156	7	io	io	PROPN
fsr-3478	156	8	n	n	PROPN
fsr-3478	156	9	,	,	PUNCT
fsr-3478	156	10	ar	ar	PROPN
fsr-3478	156	11	e	e	PROPN
fsr-3478	156	12	in	in	ADP
fsr-3478	156	13	te	te	PROPN
fsr-3478	156	14	n	n	PROPN
fsr-3478	156	15	d	d	PROPN
fsr-3478	156	16	ed	ed	NOUN
fsr-3478	156	17	to	to	ADP
fsr-3478	156	18	fi	fi	NOUN
fsr-3478	156	19	n	n	CCONJ
fsr-3478	156	20	an	an	DET
fsr-3478	156	21	ce	ce	PROPN
fsr-3478	156	22	a	a	DET
fsr-3478	156	23	fi	fi	NOUN
fsr-3478	157	1	x	x	INTJ
fsr-3478	157	2	ed	ed	NOUN
fsr-3478	157	3	le	le	PROPN
fsr-3478	157	4	v	v	PROPN
fsr-3478	157	5	el	el	PROPN
fsr-3478	157	6	o	o	PROPN
fsr-3478	157	7	f	f	X
fsr-3478	157	8	re	re	VERB
fsr-3478	157	9	al	al	PROPN
fsr-3478	157	10	co	co	PROPN
fsr-3478	157	11	n	n	PROPN
fsr-3478	157	12	su	su	PROPN
fsr-3478	158	1	m	m	PROPN
fsr-3478	158	2	p	p	NOUN
fsr-3478	158	3	ti	ti	X
fsr-3478	158	4	o	o	NOUN
fsr-3478	158	5	n	n	ADP
fsr-3478	158	6	o	o	NOUN
fsr-3478	159	1	v	v	INTJ
fsr-3478	159	2	er	er	INTJ
fsr-3478	159	3	th	th	X
fsr-3478	159	4	e	e	X
fsr-3478	159	5	re	re	X
fsr-3478	159	6	ti	ti	PROPN
fsr-3478	159	7	re	re	VERB
fsr-3478	159	8	m	m	PROPN
fsr-3478	159	9	en	en	PROPN
fsr-3478	159	10	t	t	PROPN
fsr-3478	159	11	h	h	NOUN
fsr-3478	159	12	o	o	X
fsr-3478	159	13	ri	ri	PROPN
fsr-3478	159	14	zo	zo	PROPN
fsr-3478	159	15	n	n	PROPN
fsr-3478	159	16	.	.	PUNCT
fsr-3478	160	1	w	w	PROPN
fsr-3478	160	2	e	e	PROPN
fsr-3478	160	3	h	h	NOUN
fsr-3478	160	4	av	av	PROPN
fsr-3478	160	5	e	e	PROPN
fsr-3478	160	6	u	u	PROPN
fsr-3478	160	7	se	se	PROPN
fsr-3478	160	8	d	d	PROPN
fsr-3478	160	9	fi	fi	NOUN
fsr-3478	160	10	v	v	X
fsr-3478	160	11	e	e	X
fsr-3478	160	12	w	w	NOUN
fsr-3478	160	13	it	it	PRON
fsr-3478	160	14	h	h	NOUN
fsr-3478	161	1	d	d	X
fsr-3478	161	2	ra	ra	PROPN
fsr-3478	161	3	w	w	PROPN
fsr-3478	161	4	al	al	PROPN
fsr-3478	161	5	ra	ra	PROPN
fsr-3478	162	1	te	te	ADP
fsr-3478	162	2	s	s	PROPN
fsr-3478	162	3	in	in	ADP
fsr-3478	162	4	th	th	NUM
fsr-3478	162	5	e	e	NOUN
fsr-3478	162	6	an	an	PROPN
fsr-3478	162	7	al	al	PROPN
fsr-3478	162	8	y	y	PROPN
fsr-3478	162	9	si	si	PROPN
fsr-3478	162	10	s	s	X
fsr-3478	162	11	(	(	PUNCT
fsr-3478	162	12	2	2	NUM
fsr-3478	162	13	.5	.5	NUM
fsr-3478	162	14	0	0	NUM
fsr-3478	163	1	%	%	NOUN
fsr-3478	164	1	,	,	PUNCT
fsr-3478	165	1	3	3	NUM
fsr-3478	165	2	.2	.2	NUM
fsr-3478	165	3	5	5	NUM
fsr-3478	165	4	%	%	NOUN
fsr-3478	165	5	,	,	PUNCT
fsr-3478	165	6	4	4	NUM
fsr-3478	165	7	.0	.0	NUM
fsr-3478	165	8	0	0	NUM
fsr-3478	166	1	%	%	NOUN
fsr-3478	166	2	,	,	PUNCT
fsr-3478	166	3	4	4	NUM
fsr-3478	166	4	.7	.7	NUM
fsr-3478	166	5	5	5	NUM
fsr-3478	166	6	%	%	NOUN
fsr-3478	166	7	,	,	PUNCT
fsr-3478	166	8	an	an	DET
fsr-3478	166	9	d	d	PROPN
fsr-3478	166	10	5	5	NUM
fsr-3478	166	11	.5	.5	NUM
fsr-3478	166	12	0	0	NUM
fsr-3478	166	13	%	%	NOUN
fsr-3478	166	14	)	)	PUNCT
fsr-3478	166	15	.	.	PUNCT
fsr-3478	167	1	a	a	DET
fsr-3478	167	2	ll	ll	NOUN
fsr-3478	167	3	o	o	NOUN
fsr-3478	167	4	ca	can	AUX
fsr-3478	167	5	ti	ti	VERB
fsr-3478	167	6	o	o	PROPN
fsr-3478	167	7	n	n	CCONJ
fsr-3478	167	8	a	a	DET
fsr-3478	167	9	re	re	X
fsr-3478	167	10	ti	ti	X
fsr-3478	167	11	re	re	X
fsr-3478	167	12	e	e	X
fsr-3478	167	13	d	d	X
fsr-3478	167	14	et	et	PROPN
fsr-3478	167	15	er	er	INTJ
fsr-3478	167	16	m	m	VERB
fsr-3478	167	17	in	in	ADP
fsr-3478	167	18	ed	ed	PROPN
fsr-3478	167	19	p	p	NOUN
fsr-3478	168	1	o	o	X
fsr-3478	169	1	rt	rt	INTJ
fsr-3478	170	1	fo	fo	INTJ
fsr-3478	170	2	li	li	PROPN
fsr-3478	170	3	o	o	PROPN
fsr-3478	170	4	al	al	PROPN
fsr-3478	170	5	lo	lo	PROPN
fsr-3478	170	6	ca	can	AUX
fsr-3478	170	7	ti	ti	X
fsr-3478	170	8	o	o	NOUN
fsr-3478	170	9	n	n	NOUN
fsr-3478	170	10	.	.	PUNCT
fsr-3478	171	1	w	w	X
fsr-3478	171	2	e	e	PROPN
fsr-3478	171	3	h	h	NOUN
fsr-3478	171	4	av	av	PROPN
fsr-3478	171	5	e	e	PROPN
fsr-3478	171	6	u	u	PROPN
fsr-3478	171	7	se	se	PROPN
fsr-3478	171	8	d	d	X
fsr-3478	171	9	th	th	X
fsr-3478	171	10	re	re	X
fsr-3478	171	11	e	e	PROPN
fsr-3478	171	12	al	al	PROPN
fsr-3478	171	13	lo	lo	PROPN
fsr-3478	171	14	ca	can	AUX
fsr-3478	171	15	ti	ti	X
fsr-3478	171	16	o	o	PROPN
fsr-3478	171	17	n	n	X
fsr-3478	171	18	s	s	PROPN
fsr-3478	171	19	in	in	ADP
fsr-3478	171	20	th	th	NUM
fsr-3478	171	21	e	e	NOUN
fsr-3478	171	22	an	an	PROPN
fsr-3478	171	23	al	al	PROPN
fsr-3478	171	24	y	y	PROPN
fsr-3478	171	25	si	si	PROPN
fsr-3478	171	26	s	s	X
fsr-3478	172	1	(	(	PUNCT
fsr-3478	172	2	c	c	NOUN
fsr-3478	172	3	o	o	X
fsr-3478	172	4	n	n	X
fsr-3478	172	5	se	se	X
fsr-3478	172	6	rv	rv	PROPN
fsr-3478	172	7	at	at	ADP
fsr-3478	172	8	iv	iv	NUM
fsr-3478	172	9	e	e	PROPN
fsr-3478	172	10	,	,	PUNCT
fsr-3478	172	11	b	b	PROPN
fsr-3478	172	12	al	al	PROPN
fsr-3478	172	13	an	an	PROPN
fsr-3478	172	14	ce	ce	PROPN
fsr-3478	172	15	d	d	PROPN
fsr-3478	172	16	,	,	PUNCT
fsr-3478	173	1	an	an	DET
fsr-3478	173	2	d	d	NOUN
fsr-3478	173	3	a	a	DET
fsr-3478	173	4	g	g	NOUN
fsr-3478	173	5	g	g	PROPN
fsr-3478	173	6	re	re	NOUN
fsr-3478	173	7	ss	ss	NOUN
fsr-3478	173	8	iv	iv	NUM
fsr-3478	173	9	e	e	NOUN
fsr-3478	173	10	)	)	PUNCT
fsr-3478	173	11	th	th	X
fsr-3478	173	12	at	at	ADP
fsr-3478	173	13	d	d	PROPN
fsr-3478	173	14	if	if	SCONJ
fsr-3478	173	15	fe	fe	X
fsr-3478	173	16	r	r	NOUN
fsr-3478	173	17	b	b	PROPN
fsr-3478	173	18	as	as	ADP
fsr-3478	173	19	ed	ed	PROPN
fsr-3478	173	20	o	o	PROPN
fsr-3478	174	1	n	n	PRON
fsr-3478	174	2	ex	ex	NOUN
fsr-3478	174	3	p	p	X
fsr-3478	174	4	ec	ec	X
fsr-3478	174	5	te	te	PROPN
fsr-3478	174	6	d	d	X
fsr-3478	174	7	re	re	VERB
fsr-3478	174	8	tu	tu	PROPN
fsr-3478	174	9	rn	rn	PROPN
fsr-3478	174	10	an	an	PROPN
fsr-3478	174	11	d	d	X
fsr-3478	174	12	ri	ri	NOUN
fsr-3478	174	13	sk	sk	NOUN
fsr-3478	174	14	.	.	PUNCT
fsr-3478	175	1	t	t	PROPN
fsr-3478	175	2	h	h	PROPN
fsr-3478	175	3	is	be	AUX
fsr-3478	175	4	is	be	AUX
fsr-3478	175	5	tr	tr	VERB
fsr-3478	175	6	ea	ea	NOUN
fsr-3478	175	7	te	te	PROPN
fsr-3478	175	8	d	d	PROPN
fsr-3478	175	9	as	as	ADP
fsr-3478	175	10	a	a	DET
fsr-3478	175	11	ca	ca	NOUN
fsr-3478	175	12	te	te	INTJ
fsr-3478	175	13	g	g	PROPN
fsr-3478	175	14	o	o	X
fsr-3478	175	15	ri	ri	PROPN
fsr-3478	175	16	ca	ca	PROPN
fsr-3478	175	17	l	l	PROPN
fsr-3478	175	18	v	v	PROPN
fsr-3478	175	19	ar	ar	PROPN
fsr-3478	175	20	ia	ia	PROPN
fsr-3478	175	21	b	b	PROPN
fsr-3478	175	22	le	le	X
fsr-3478	175	23	.	.	PUNCT
fsr-3478	176	1	h	h	NOUN
fsr-3478	177	1	o	o	X
fsr-3478	177	2	ri	ri	PROPN
fsr-3478	177	3	zo	zo	PROPN
fsr-3478	177	4	n	n	ADP
fsr-3478	177	5	e	e	NOUN
fsr-3478	177	6	x	x	X
fsr-3478	177	7	p	p	X
fsr-3478	177	8	ec	ec	PROPN
fsr-3478	177	9	te	te	PROPN
fsr-3478	177	10	d	d	PROPN
fsr-3478	177	11	lo	lo	PROPN
fsr-3478	178	1	n	n	DET
fsr-3478	178	2	g	g	NOUN
fsr-3478	178	3	ev	ev	INTJ
fsr-3478	178	4	it	it	PRON
fsr-3478	179	1	y	y	NOUN
fsr-3478	179	2	o	o	INTJ
fsr-3478	179	3	f	f	X
fsr-3478	179	4	th	th	X
fsr-3478	179	5	e	e	X
fsr-3478	179	6	re	re	X
fsr-3478	179	7	ti	ti	X
fsr-3478	179	8	re	re	X
fsr-3478	179	9	e	e	NOUN
fsr-3478	179	10	’	'	PUNCT
fsr-3478	179	11	s	s	PART
fsr-3478	180	1	p	p	X
fsr-3478	180	2	o	o	X
fsr-3478	180	3	rt	rt	INTJ
fsr-3478	180	4	fo	fo	INTJ
fsr-3478	180	5	li	li	PROPN
fsr-3478	181	1	o	o	PROPN
fsr-3478	181	2	.	.	PUNCT
fsr-3478	182	1	t	t	PROPN
fsr-3478	182	2	h	h	NOUN
fsr-3478	182	3	is	be	AUX
fsr-3478	182	4	is	be	AUX
fsr-3478	182	5	ex	ex	X
fsr-3478	182	6	p	p	NOUN
fsr-3478	182	7	ec	ec	PROPN
fsr-3478	183	1	te	te	PROPN
fsr-3478	183	2	d	d	X
fsr-3478	183	3	to	to	ADP
fsr-3478	183	4	m	m	PROPN
fsr-3478	183	5	at	at	ADP
fsr-3478	183	6	ch	ch	PROPN
fsr-3478	183	7	th	th	X
fsr-3478	183	8	e	e	X
fsr-3478	183	9	re	re	X
fsr-3478	183	10	ti	ti	PROPN
fsr-3478	183	11	re	re	VERB
fsr-3478	183	12	m	m	PROPN
fsr-3478	183	13	en	en	PROPN
fsr-3478	183	14	t	t	PROPN
fsr-3478	183	15	h	h	NOUN
fsr-3478	183	16	o	o	X
fsr-3478	183	17	ri	ri	PROPN
fsr-3478	183	18	zo	zo	PROPN
fsr-3478	183	19	n	n	PROPN
fsr-3478	183	20	an	an	PROPN
fsr-3478	183	21	d	d	NOUN
fsr-3478	183	22	is	be	AUX
fsr-3478	183	23	d	d	X
fsr-3478	183	24	et	et	NOUN
fsr-3478	183	25	er	er	INTJ
fsr-3478	183	26	m	m	VERB
fsr-3478	183	27	in	in	ADP
fsr-3478	183	28	ed	ed	PROPN
fsr-3478	183	29	b	b	PROPN
fsr-3478	183	30	y	y	X
fsr-3478	183	31	th	th	X
fsr-3478	183	32	e	e	X
fsr-3478	183	33	re	re	X
fsr-3478	183	34	ti	ti	X
fsr-3478	183	35	re	re	ADP
fsr-3478	183	36	e	e	PROPN
fsr-3478	183	37	at	at	ADP
fsr-3478	183	38	re	re	X
fsr-3478	183	39	ti	ti	PROPN
fsr-3478	183	40	re	re	VERB
fsr-3478	183	41	m	m	PROPN
fsr-3478	183	42	en	en	ADP
fsr-3478	183	43	t	t	PROPN
fsr-3478	183	44	b	b	PROPN
fsr-3478	183	45	as	as	ADP
fsr-3478	183	46	ed	ed	PROPN
fsr-3478	183	47	o	o	PROPN
fsr-3478	183	48	n	n	CCONJ
fsr-3478	183	49	ag	ag	PROPN
fsr-3478	183	50	e	e	PROPN
fsr-3478	183	51	at	at	ADP
fsr-3478	183	52	re	re	X
fsr-3478	183	53	ti	ti	X
fsr-3478	183	54	re	re	VERB
fsr-3478	183	55	m	m	PROPN
fsr-3478	183	56	en	en	ADP
fsr-3478	183	57	t	t	PROPN
fsr-3478	183	58	,	,	PUNCT
fsr-3478	184	1	li	li	PROPN
fsr-3478	184	2	fe	fe	PROPN
fsr-3478	184	3	ex	ex	X
fsr-3478	184	4	p	p	PROPN
fsr-3478	184	5	ec	ec	PROPN
fsr-3478	184	6	ta	ta	PROPN
fsr-3478	184	7	n	n	PROPN
fsr-3478	184	8	cy	cy	PROPN
fsr-3478	184	9	,	,	PUNCT
fsr-3478	184	10	h	h	PROPN
fsr-3478	184	11	ea	ea	PROPN
fsr-3478	184	12	lt	lt	PRON
fsr-3478	184	13	h	h	PROPN
fsr-3478	184	14	,	,	PUNCT
fsr-3478	185	1	an	an	DET
fsr-3478	185	2	d	d	PROPN
fsr-3478	185	3	li	li	PROPN
fsr-3478	185	4	fe	fe	PROPN
fsr-3478	185	5	st	st	PROPN
fsr-3478	185	6	y	y	PROPN
fsr-3478	185	7	le	le	PROPN
fsr-3478	185	8	ch	ch	PROPN
fsr-3478	185	9	o	o	X
fsr-3478	185	10	ic	ic	X
fsr-3478	185	11	es	es	INTJ
fsr-3478	185	12	.	.	PUNCT
fsr-3478	186	1	w	w	PROPN
fsr-3478	186	2	e	e	PROPN
fsr-3478	186	3	h	h	NOUN
fsr-3478	186	4	av	av	PROPN
fsr-3478	186	5	e	e	PROPN
fsr-3478	186	6	u	u	PROPN
fsr-3478	186	7	se	se	PROPN
fsr-3478	186	8	d	d	PROPN
fsr-3478	186	9	fi	fi	NOUN
fsr-3478	186	10	v	v	X
fsr-3478	186	11	e	e	NOUN
fsr-3478	186	12	h	h	NOUN
fsr-3478	187	1	o	o	X
fsr-3478	187	2	ri	ri	PROPN
fsr-3478	187	3	zo	zo	PROPN
fsr-3478	187	4	n	n	PROPN
fsr-3478	187	5	s	s	PROPN
fsr-3478	187	6	in	in	ADP
fsr-3478	187	7	th	th	NUM
fsr-3478	187	8	e	e	NOUN
fsr-3478	187	9	an	an	PROPN
fsr-3478	187	10	al	al	PROPN
fsr-3478	187	11	y	y	PROPN
fsr-3478	187	12	si	si	PROPN
fsr-3478	187	13	s	s	X
fsr-3478	187	14	(	(	PUNCT
fsr-3478	187	15	2	2	NUM
fsr-3478	187	16	3	3	NUM
fsr-3478	187	17	,	,	PUNCT
fsr-3478	187	18	2	2	NUM
fsr-3478	187	19	6	6	NUM
fsr-3478	187	20	,	,	PUNCT
fsr-3478	187	21	2	2	NUM
fsr-3478	187	22	9	9	NUM
fsr-3478	187	23	,	,	PUNCT
fsr-3478	187	24	3	3	NUM
fsr-3478	187	25	2	2	NUM
fsr-3478	187	26	,	,	PUNCT
fsr-3478	187	27	an	an	DET
fsr-3478	187	28	d	d	PROPN
fsr-3478	187	29	3	3	NUM
fsr-3478	187	30	5	5	NUM
fsr-3478	187	31	y	y	PROPN
fsr-3478	187	32	ea	ea	NOUN
fsr-3478	187	33	rs	rs	PROPN
fsr-3478	187	34	)	)	PUNCT
fsr-3478	187	35	.	.	PUNCT
fsr-3478	188	1	r	r	NOUN
fsr-3478	188	2	et	et	VERB
fsr-3478	188	3	u	u	PROPN
fsr-3478	188	4	rn	rn	PROPN
fsr-3478	188	5	t	t	PROPN
fsr-3478	188	6	h	h	NOUN
fsr-3478	188	7	e	e	PROPN
fsr-3478	188	8	si	si	PROPN
fsr-3478	188	9	m	m	PROPN
fsr-3478	188	10	p	p	X
fsr-3478	188	11	le	le	X
fsr-3478	188	12	av	av	PROPN
fsr-3478	188	13	er	er	INTJ
fsr-3478	188	14	ag	ag	PROPN
fsr-3478	188	15	e	e	PROPN
fsr-3478	188	16	an	an	PROPN
fsr-3478	188	17	n	n	NUM
fsr-3478	188	18	u	u	PROPN
fsr-3478	188	19	al	al	PROPN
fsr-3478	188	20	re	re	PROPN
fsr-3478	188	21	al	al	PROPN
fsr-3478	188	22	ra	ra	PROPN
fsr-3478	189	1	te	te	INTJ
fsr-3478	189	2	o	o	X
fsr-3478	189	3	f	f	X
fsr-3478	189	4	re	re	VERB
fsr-3478	189	5	tu	tu	PROPN
fsr-3478	189	6	rn	rn	PROPN
fsr-3478	189	7	th	th	X
fsr-3478	189	8	at	at	ADP
fsr-3478	189	9	w	w	PROPN
fsr-3478	189	10	o	o	X
fsr-3478	189	11	u	u	NOUN
fsr-3478	189	12	ld	ld	PROPN
fsr-3478	189	13	h	h	NOUN
fsr-3478	189	14	av	av	PROPN
fsr-3478	189	15	e	e	PROPN
fsr-3478	189	16	b	b	PROPN
fsr-3478	189	17	ee	ee	PROPN
fsr-3478	189	18	n	n	PROPN
fsr-3478	189	19	ea	ea	PROPN
fsr-3478	189	20	rn	rn	PROPN
fsr-3478	189	21	ed	ed	PROPN
fsr-3478	189	22	b	b	PROPN
fsr-3478	189	23	y	y	X
fsr-3478	189	24	th	th	X
fsr-3478	189	25	e	e	X
fsr-3478	189	26	p	p	X
fsr-3478	189	27	o	o	X
fsr-3478	189	28	rt	rt	INTJ
fsr-3478	189	29	fo	fo	INTJ
fsr-3478	189	30	li	li	PROPN
fsr-3478	190	1	o	o	NOUN
fsr-3478	190	2	o	o	X
fsr-3478	190	3	v	v	INTJ
fsr-3478	190	4	er	er	INTJ
fsr-3478	190	5	th	th	X
fsr-3478	190	6	e	e	X
fsr-3478	190	7	re	re	X
fsr-3478	190	8	ti	ti	PROPN
fsr-3478	190	9	re	re	VERB
fsr-3478	190	10	m	m	PROPN
fsr-3478	190	11	en	en	PROPN
fsr-3478	190	12	t	t	PROPN
fsr-3478	190	13	h	h	NOUN
fsr-3478	191	1	o	o	X
fsr-3478	191	2	ri	ri	PROPN
fsr-3478	191	3	zo	zo	PROPN
fsr-3478	191	4	n	n	PROPN
fsr-3478	191	5	.	.	PUNCT
fsr-3478	192	1	r	r	NOUN
fsr-3478	192	2	et	et	VERB
fsr-3478	192	3	u	u	PROPN
fsr-3478	192	4	rn	rn	PROPN
fsr-3478	192	5	is	be	AUX
fsr-3478	192	6	a	a	DET
fsr-3478	192	7	ch	ch	NOUN
fsr-3478	192	8	an	an	DET
fsr-3478	192	9	ce	ce	PROPN
fsr-3478	192	10	v	v	PROPN
fsr-3478	192	11	ar	ar	PROPN
fsr-3478	192	12	ia	ia	PROPN
fsr-3478	192	13	b	b	PROPN
fsr-3478	192	14	le	le	PROPN
fsr-3478	192	15	an	an	PROPN
fsr-3478	192	16	d	d	NOUN
fsr-3478	192	17	is	be	AUX
fsr-3478	192	18	a	a	DET
fsr-3478	192	19	fu	fu	NOUN
fsr-3478	192	20	n	n	CCONJ
fsr-3478	192	21	ct	ct	NOUN
fsr-3478	192	22	io	io	PROPN
fsr-3478	192	23	n	n	PRON
fsr-3478	192	24	o	o	X
fsr-3478	192	25	f	f	X
fsr-3478	192	26	n	n	INTJ
fsr-3478	192	27	o	o	NOUN
fsr-3478	192	28	t	t	X
fsr-3478	192	29	o	o	X
fsr-3478	192	30	n	n	X
fsr-3478	192	31	ly	ly	ADP
fsr-3478	193	1	p	p	X
fsr-3478	194	1	o	o	X
fsr-3478	195	1	rt	rt	INTJ
fsr-3478	196	1	fo	fo	INTJ
fsr-3478	196	2	li	li	PROPN
fsr-3478	196	3	o	o	PROPN
fsr-3478	196	4	al	al	PROPN
fsr-3478	196	5	lo	lo	PROPN
fsr-3478	196	6	ca	can	AUX
fsr-3478	196	7	ti	ti	VERB
fsr-3478	196	8	o	o	PROPN
fsr-3478	196	9	n	n	PROPN
fsr-3478	196	10	b	b	PROPN
fsr-3478	196	11	u	u	X
fsr-3478	196	12	t	t	PROPN
fsr-3478	196	13	al	al	PROPN
fsr-3478	196	14	so	so	ADV
fsr-3478	196	15	se	se	PROPN
fsr-3478	196	16	le	le	X
fsr-3478	196	17	ct	ct	PROPN
fsr-3478	196	18	io	io	PROPN
fsr-3478	196	19	n	n	PROPN
fsr-3478	196	20	,	,	PUNCT
fsr-3478	196	21	fe	fe	X
fsr-3478	196	22	es	es	NOUN
fsr-3478	196	23	,	,	PUNCT
fsr-3478	196	24	an	an	DET
fsr-3478	196	25	d	d	NOUN
fsr-3478	197	1	so	so	ADV
fsr-3478	197	2	fo	fo	ADP
fsr-3478	197	3	rt	rt	PROPN
fsr-3478	197	4	h	h	PROPN
fsr-3478	197	5	.	.	PUNCT
fsr-3478	198	1	t	t	PROPN
fsr-3478	198	2	h	h	PROPN
fsr-3478	198	3	is	be	AUX
fsr-3478	198	4	v	v	ADP
fsr-3478	198	5	ar	ar	PROPN
fsr-3478	198	6	ia	ia	PROPN
fsr-3478	198	7	b	b	PROPN
fsr-3478	198	8	le	le	X
fsr-3478	198	9	in	in	ADP
fsr-3478	198	10	tr	tr	NOUN
fsr-3478	198	11	o	o	PROPN
fsr-3478	198	12	d	d	X
fsr-3478	198	13	u	u	X
fsr-3478	198	14	ce	ce	PROPN
fsr-3478	198	15	s	s	PROPN
fsr-3478	198	16	d	d	NOUN
fsr-3478	198	17	if	if	SCONJ
fsr-3478	198	18	fe	fe	X
fsr-3478	198	19	re	re	X
fsr-3478	198	20	n	n	X
fsr-3478	198	21	ce	ce	PROPN
fsr-3478	198	22	s	s	PROPN
fsr-3478	198	23	in	in	ADP
fsr-3478	198	24	o	o	PROPN
fsr-3478	198	25	u	u	NOUN
fsr-3478	199	1	tc	tc	X
fsr-3478	199	2	o	o	NOUN
fsr-3478	199	3	m	m	VERB
fsr-3478	199	4	es	es	X
fsr-3478	199	5	b	b	X
fsr-3478	199	6	et	et	PROPN
fsr-3478	199	7	w	w	PROPN
fsr-3478	199	8	ee	ee	PROPN
fsr-3478	199	9	n	n	PROPN
fsr-3478	199	10	re	re	ADP
fsr-3478	199	11	ti	ti	X
fsr-3478	199	12	re	re	AUX
fsr-3478	199	13	es	es	ADP
fsr-3478	199	14	an	an	PRON
fsr-3478	199	15	d	d	PROPN
fsr-3478	199	16	d	d	X
fsr-3478	199	17	ev	ev	X
fsr-3478	199	18	ia	ia	PROPN
fsr-3478	199	19	ti	ti	PROPN
fsr-3478	199	20	o	o	NOUN
fsr-3478	200	1	n	n	CCONJ
fsr-3478	201	1	fr	fr	INTJ
fsr-3478	202	1	o	o	NOUN
fsr-3478	202	2	m	m	VERB
fsr-3478	202	3	ex	ex	X
fsr-3478	202	4	p	p	X
fsr-3478	202	5	ec	ec	PROPN
fsr-3478	202	6	te	te	PROPN
fsr-3478	202	7	d	d	X
fsr-3478	202	8	re	re	VERB
fsr-3478	202	9	tu	tu	PROPN
fsr-3478	202	10	rn	rn	PROPN
fsr-3478	202	11	in	in	ADP
fsr-3478	202	12	sm	sm	PROPN
fsr-3478	202	13	al	al	PROPN
fsr-3478	202	14	l	l	PROPN
fsr-3478	202	15	sa	sa	PROPN
fsr-3478	203	1	m	m	PROPN
fsr-3478	203	2	p	p	X
fsr-3478	203	3	le	le	X
fsr-3478	203	4	s.	s.	PROPN
fsr-3478	203	5	t	t	PROPN
fsr-3478	203	6	h	h	NOUN
fsr-3478	203	7	is	be	AUX
fsr-3478	203	8	in	in	ADP
fsr-3478	203	9	fo	fo	ADP
fsr-3478	203	10	rm	rm	PROPN
fsr-3478	203	11	at	at	ADP
fsr-3478	203	12	io	io	PROPN
fsr-3478	203	13	n	n	PROPN
fsr-3478	203	14	b	b	PROPN
fsr-3478	203	15	ec	ec	PROPN
fsr-3478	203	16	o	o	NOUN
fsr-3478	203	17	m	m	VERB
fsr-3478	203	18	es	es	X
fsr-3478	203	19	k	k	PROPN
fsr-3478	203	20	n	n	PRON
fsr-3478	203	21	o	o	NOUN
fsr-3478	203	22	w	w	NOUN
fsr-3478	203	23	n	n	ADJ
fsr-3478	203	24	at	at	ADP
fsr-3478	203	25	th	th	X
fsr-3478	203	26	e	e	X
fsr-3478	203	27	en	en	X
fsr-3478	203	28	d	d	X
fsr-3478	203	29	o	o	X
fsr-3478	203	30	f	f	X
fsr-3478	203	31	th	th	X
fsr-3478	203	32	e	e	X
fsr-3478	203	33	p	p	PROPN
fsr-3478	203	34	la	la	PROPN
fsr-3478	203	35	n	n	CCONJ
fsr-3478	203	36	n	n	NOUN
fsr-3478	203	37	in	in	ADP
fsr-3478	203	38	g	g	PROPN
fsr-3478	203	39	h	h	NOUN
fsr-3478	204	1	o	o	NOUN
fsr-3478	204	2	ri	ri	PROPN
fsr-3478	204	3	zo	zo	PROPN
fsr-3478	204	4	n	n	PROPN
fsr-3478	204	5	an	an	PROPN
fsr-3478	204	6	d	d	PROPN
fsr-3478	204	7	ca	ca	NOUN
fsr-3478	204	8	n	n	CCONJ
fsr-3478	204	9	n	n	ADV
fsr-3478	204	10	o	o	NOUN
fsr-3478	204	11	t	t	NOUN
fsr-3478	204	12	b	b	PROPN
fsr-3478	204	13	e	e	X
fsr-3478	204	14	u	u	X
fsr-3478	204	15	se	se	PROPN
fsr-3478	205	1	d	d	INTJ
fsr-3478	205	2	fo	fo	INTJ
fsr-3478	205	3	r	r	NOUN
fsr-3478	205	4	m	m	VERB
fsr-3478	205	5	i	i	NOUN
fsr-3478	205	6	d	d	PROPN
fsr-3478	205	7	te	te	PROPN
fsr-3478	205	8	rm	rm	PROPN
fsr-3478	205	9	co	co	PROPN
fsr-3478	205	10	u	u	PROPN
fsr-3478	205	11	rs	rs	PROPN
fsr-3478	205	12	e	e	X
fsr-3478	205	13	co	co	VERB
fsr-3478	205	14	rr	rr	PROPN
fsr-3478	205	15	ec	ec	PROPN
fsr-3478	205	16	ti	ti	PROPN
fsr-3478	205	17	o	o	NOUN
fsr-3478	205	18	n	n	PROPN
fsr-3478	205	19	.	.	PUNCT
fsr-3478	206	1	t	t	PROPN
fsr-3478	206	2	h	h	PROPN
fsr-3478	206	3	is	be	AUX
fsr-3478	206	4	v	v	SCONJ
fsr-3478	206	5	ar	ar	PROPN
fsr-3478	206	6	ia	ia	PROPN
fsr-3478	206	7	b	b	PROPN
fsr-3478	206	8	le	le	X
fsr-3478	206	9	is	be	AUX
fsr-3478	206	10	u	u	PROPN
fsr-3478	206	11	se	se	PROPN
fsr-3478	206	12	d	d	PROPN
fsr-3478	206	13	in	in	ADP
fsr-3478	206	14	th	th	NUM
fsr-3478	206	15	e	e	X
fsr-3478	206	16	an	an	PROPN
fsr-3478	206	17	al	al	PROPN
fsr-3478	206	18	y	y	PROPN
fsr-3478	206	19	si	si	PROPN
fsr-3478	206	20	s	s	PROPN
fsr-3478	206	21	as	as	ADP
fsr-3478	206	22	an	an	DET
fsr-3478	206	23	en	en	X
fsr-3478	206	24	v	v	X
fsr-3478	206	25	ir	ir	NOUN
fsr-3478	206	26	o	o	NOUN
fsr-3478	207	1	n	n	INTJ
fsr-3478	207	2	m	m	VERB
fsr-3478	208	1	en	en	X
fsr-3478	208	2	ta	ta	X
fsr-3478	208	3	l	l	PROPN
fsr-3478	208	4	co	co	X
fsr-3478	208	5	n	n	PROPN
fsr-3478	208	6	tr	tr	NOUN
fsr-3478	208	7	o	o	PROPN
fsr-3478	208	8	l	l	PROPN
fsr-3478	208	9	v	v	PROPN
fsr-3478	208	10	ar	ar	PROPN
fsr-3478	208	11	ia	ia	PROPN
fsr-3478	208	12	b	b	PROPN
fsr-3478	208	13	le	le	X
fsr-3478	208	14	.	.	PUNCT
fsr-3478	209	1	r	r	NOUN
fsr-3478	209	2	is	be	AUX
fsr-3478	209	3	k	k	PROPN
fsr-3478	209	4	t	t	PROPN
fsr-3478	209	5	h	h	NOUN
fsr-3478	209	6	e	e	PROPN
fsr-3478	209	7	st	st	PROPN
fsr-3478	210	1	an	an	PROPN
fsr-3478	210	2	d	d	PROPN
fsr-3478	210	3	ar	ar	PROPN
fsr-3478	210	4	d	d	PROPN
fsr-3478	210	5	d	d	PROPN
fsr-3478	210	6	ev	ev	X
fsr-3478	210	7	ia	ia	PROPN
fsr-3478	210	8	ti	ti	PROPN
fsr-3478	210	9	o	o	NOUN
fsr-3478	210	10	n	n	ADP
fsr-3478	210	11	o	o	X
fsr-3478	210	12	f	f	X
fsr-3478	210	13	th	th	X
fsr-3478	210	14	e	e	X
fsr-3478	210	15	an	an	PRON
fsr-3478	210	16	n	n	NUM
fsr-3478	210	17	u	u	PROPN
fsr-3478	210	18	al	al	PROPN
fsr-3478	210	19	re	re	PROPN
fsr-3478	210	20	al	al	PROPN
fsr-3478	210	21	ra	ra	PROPN
fsr-3478	211	1	te	te	INTJ
fsr-3478	211	2	o	o	X
fsr-3478	211	3	f	f	X
fsr-3478	211	4	re	re	VERB
fsr-3478	211	5	tu	tu	PROPN
fsr-3478	211	6	rn	rn	PROPN
fsr-3478	211	7	,	,	PUNCT
fsr-3478	211	8	an	an	DET
fsr-3478	211	9	d	d	X
fsr-3478	211	10	li	li	PROPN
fsr-3478	211	11	k	k	PROPN
fsr-3478	211	12	e	e	PROPN
fsr-3478	211	13	r	r	VERB
fsr-3478	211	14	et	et	PROPN
fsr-3478	211	15	u	u	PROPN
fsr-3478	211	16	rn	rn	PROPN
fsr-3478	211	17	,	,	PUNCT
fsr-3478	211	18	is	be	AUX
fsr-3478	211	19	a	a	DET
fsr-3478	211	20	ch	ch	NOUN
fsr-3478	211	21	an	an	DET
fsr-3478	211	22	ce	ce	PROPN
fsr-3478	211	23	v	v	PROPN
fsr-3478	211	24	ar	ar	PROPN
fsr-3478	211	25	ia	ia	PROPN
fsr-3478	211	26	b	b	PROPN
fsr-3478	211	27	le	le	X
fsr-3478	211	28	.	.	PUNCT
fsr-3478	212	1	t	t	PROPN
fsr-3478	212	2	h	h	NOUN
fsr-3478	212	3	is	be	AUX
fsr-3478	212	4	in	in	ADP
fsr-3478	212	5	fo	fo	ADP
fsr-3478	212	6	rm	rm	PROPN
fsr-3478	212	7	at	at	ADP
fsr-3478	212	8	io	io	PROPN
fsr-3478	213	1	n	n	PROPN
fsr-3478	213	2	b	b	PROPN
fsr-3478	213	3	ec	ec	PROPN
fsr-3478	213	4	o	o	NOUN
fsr-3478	213	5	m	m	VERB
fsr-3478	213	6	es	es	X
fsr-3478	213	7	k	k	PROPN
fsr-3478	213	8	n	n	PRON
fsr-3478	213	9	o	o	NOUN
fsr-3478	213	10	w	w	NOUN
fsr-3478	213	11	n	n	ADJ
fsr-3478	213	12	at	at	ADP
fsr-3478	213	13	th	th	X
fsr-3478	213	14	e	e	X
fsr-3478	213	15	en	en	X
fsr-3478	213	16	d	d	X
fsr-3478	213	17	o	o	X
fsr-3478	213	18	f	f	X
fsr-3478	213	19	th	th	X
fsr-3478	213	20	e	e	X
fsr-3478	213	21	p	p	PROPN
fsr-3478	213	22	la	la	PROPN
fsr-3478	213	23	n	n	CCONJ
fsr-3478	213	24	n	n	NOUN
fsr-3478	213	25	in	in	ADP
fsr-3478	213	26	g	g	PROPN
fsr-3478	213	27	h	h	NOUN
fsr-3478	213	28	o	o	NOUN
fsr-3478	213	29	ri	ri	PROPN
fsr-3478	213	30	zo	zo	PROPN
fsr-3478	213	31	n	n	PROPN
fsr-3478	213	32	an	an	PROPN
fsr-3478	213	33	d	d	PROPN
fsr-3478	213	34	ca	ca	NOUN
fsr-3478	213	35	n	n	CCONJ
fsr-3478	213	36	n	n	ADV
fsr-3478	213	37	o	o	NOUN
fsr-3478	213	38	t	t	NOUN
fsr-3478	213	39	b	b	PROPN
fsr-3478	213	40	e	e	X
fsr-3478	213	41	u	u	X
fsr-3478	213	42	se	se	PROPN
fsr-3478	214	1	d	d	INTJ
fsr-3478	214	2	fo	fo	INTJ
fsr-3478	214	3	r	r	NOUN
fsr-3478	214	4	m	m	VERB
fsr-3478	214	5	i	i	NOUN
fsr-3478	214	6	d	d	PROPN
fsr-3478	214	7	te	te	PROPN
fsr-3478	214	8	rm	rm	PROPN
fsr-3478	214	9	co	co	PROPN
fsr-3478	214	10	u	u	PROPN
fsr-3478	214	11	rs	rs	PROPN
fsr-3478	214	12	e	e	X
fsr-3478	214	13	co	co	VERB
fsr-3478	214	14	rr	rr	PROPN
fsr-3478	214	15	ec	ec	PROPN
fsr-3478	214	16	ti	ti	PROPN
fsr-3478	214	17	o	o	NOUN
fsr-3478	214	18	n	n	PROPN
fsr-3478	214	19	.	.	PUNCT
fsr-3478	215	1	t	t	PROPN
fsr-3478	215	2	h	h	PROPN
fsr-3478	215	3	is	be	AUX
fsr-3478	215	4	v	v	SCONJ
fsr-3478	215	5	ar	ar	PROPN
fsr-3478	215	6	ia	ia	PROPN
fsr-3478	215	7	b	b	PROPN
fsr-3478	215	8	le	le	X
fsr-3478	215	9	is	be	AUX
fsr-3478	215	10	u	u	PROPN
fsr-3478	215	11	se	se	PROPN
fsr-3478	215	12	d	d	PROPN
fsr-3478	215	13	in	in	ADP
fsr-3478	215	14	th	th	NUM
fsr-3478	215	15	e	e	X
fsr-3478	215	16	an	an	PROPN
fsr-3478	215	17	al	al	PROPN
fsr-3478	215	18	y	y	PROPN
fsr-3478	215	19	si	si	PROPN
fsr-3478	215	20	s	s	PROPN
fsr-3478	215	21	as	as	ADP
fsr-3478	215	22	an	an	DET
fsr-3478	215	23	en	en	X
fsr-3478	215	24	v	v	X
fsr-3478	215	25	ir	ir	NOUN
fsr-3478	215	26	o	o	NOUN
fsr-3478	216	1	n	n	INTJ
fsr-3478	216	2	m	m	VERB
fsr-3478	217	1	en	en	X
fsr-3478	217	2	ta	ta	X
fsr-3478	217	3	l	l	PROPN
fsr-3478	217	4	co	co	X
fsr-3478	217	5	n	n	PROPN
fsr-3478	217	6	tr	tr	NOUN
fsr-3478	217	7	o	o	PROPN
fsr-3478	217	8	l	l	PROPN
fsr-3478	217	9	v	v	PROPN
fsr-3478	217	10	ar	ar	PROPN
fsr-3478	217	11	ia	ia	PROPN
fsr-3478	217	12	b	b	PROPN
fsr-3478	217	13	le	le	X
fsr-3478	217	14	.	.	PUNCT
fsr-3478	218	1	e	e	X
fsr-3478	218	2	ar	ar	NOUN
fsr-3478	218	3	ly	ly	X
fsr-3478	219	1	ex	ex	PRON
fsr-3478	219	2	p	p	X
fsr-3478	219	3	er	er	INTJ
fsr-3478	219	4	ie	ie	X
fsr-3478	219	5	n	n	PROPN
fsr-3478	219	6	ce	ce	PROPN
fsr-3478	219	7	t	t	PROPN
fsr-3478	219	8	h	h	PROPN
fsr-3478	219	9	e	e	NOUN
fsr-3478	219	10	ra	ra	NOUN
fsr-3478	219	11	ti	ti	INTJ
fsr-3478	220	1	o	o	NOUN
fsr-3478	220	2	o	o	X
fsr-3478	220	3	f	f	X
fsr-3478	220	4	th	th	X
fsr-3478	220	5	e	e	X
fsr-3478	220	6	ac	ac	PROPN
fsr-3478	221	1	tu	tu	PROPN
fsr-3478	221	2	al	al	PROPN
fsr-3478	221	3	p	p	PROPN
fsr-3478	222	1	o	o	X
fsr-3478	222	2	rt	rt	INTJ
fsr-3478	222	3	fo	fo	INTJ
fsr-3478	222	4	li	li	PROPN
fsr-3478	223	1	o	o	PROPN
fsr-3478	223	2	b	b	PROPN
fsr-3478	223	3	al	al	PROPN
fsr-3478	223	4	an	an	PROPN
fsr-3478	223	5	ce	ce	PROPN
fsr-3478	223	6	at	at	ADP
fsr-3478	223	7	th	th	X
fsr-3478	223	8	e	e	X
fsr-3478	223	9	en	en	X
fsr-3478	223	10	d	d	X
fsr-3478	223	11	o	o	X
fsr-3478	223	12	f	f	X
fsr-3478	223	13	th	th	X
fsr-3478	223	14	e	e	X
fsr-3478	223	15	fi	fi	NOUN
fsr-3478	223	16	ft	ft	PROPN
fsr-3478	223	17	h	h	NOUN
fsr-3478	223	18	y	y	PROPN
fsr-3478	223	19	ea	ea	PROPN
fsr-3478	224	1	r	r	NOUN
fsr-3478	224	2	to	to	ADP
fsr-3478	224	3	th	th	X
fsr-3478	224	4	e	e	X
fsr-3478	224	5	ex	ex	X
fsr-3478	224	6	p	p	PROPN
fsr-3478	224	7	ec	ec	PROPN
fsr-3478	224	8	te	te	PROPN
fsr-3478	224	9	d	d	PROPN
fsr-3478	224	10	b	b	PROPN
fsr-3478	224	11	al	al	PROPN
fsr-3478	224	12	an	an	PROPN
fsr-3478	224	13	ce	ce	PROPN
fsr-3478	224	14	as	as	ADP
fsr-3478	224	15	su	su	PROPN
fsr-3478	224	16	m	m	PROPN
fsr-3478	224	17	in	in	ADP
fsr-3478	224	18	g	g	PROPN
fsr-3478	224	19	ce	ce	PROPN
fsr-3478	225	1	rt	rt	PROPN
fsr-3478	225	2	ai	ai	VERB
fsr-3478	225	3	n	n	ADV
fsr-3478	225	4	ty	ty	INTJ
fsr-3478	225	5	in	in	ADP
fsr-3478	225	6	re	re	PROPN
fsr-3478	225	7	tu	tu	PROPN
fsr-3478	225	8	rn	rn	PROPN
fsr-3478	225	9	s.	s.	PROPN
fsr-3478	225	10	t	t	PROPN
fsr-3478	225	11	h	h	PROPN
fsr-3478	225	12	is	be	AUX
fsr-3478	225	13	is	be	AUX
fsr-3478	225	14	a	a	DET
fsr-3478	225	15	ch	ch	NOUN
fsr-3478	225	16	an	an	DET
fsr-3478	225	17	ce	ce	PROPN
fsr-3478	225	18	v	v	PROPN
fsr-3478	225	19	ar	ar	PROPN
fsr-3478	225	20	ia	ia	PROPN
fsr-3478	225	21	b	b	PROPN
fsr-3478	225	22	le	le	X
fsr-3478	225	23	th	th	PROPN
fsr-3478	225	24	at	at	ADP
fsr-3478	225	25	ca	ca	PROPN
fsr-3478	225	26	p	p	PROPN
fsr-3478	225	27	tu	tu	PROPN
fsr-3478	225	28	re	re	X
fsr-3478	225	29	s	s	PROPN
fsr-3478	225	30	a	a	DET
fsr-3478	225	31	se	se	X
fsr-3478	225	32	q	q	X
fsr-3478	225	33	u	u	PROPN
fsr-3478	225	34	en	en	X
fsr-3478	225	35	ce	ce	PROPN
fsr-3478	226	1	o	o	X
fsr-3478	226	2	f	f	X
fsr-3478	226	3	u	u	PROPN
fsr-3478	226	4	n	n	ADP
fsr-3478	226	5	fa	fa	INTJ
fsr-3478	226	6	v	v	INTJ
fsr-3478	226	7	o	o	INTJ
fsr-3478	226	8	ra	ra	PROPN
fsr-3478	226	9	b	b	X
fsr-3478	226	10	le	le	X
fsr-3478	226	11	re	re	ADP
fsr-3478	226	12	tu	tu	PROPN
fsr-3478	226	13	rn	rn	PROPN
fsr-3478	226	14	s	s	PROPN
fsr-3478	226	15	ea	ea	X
fsr-3478	226	16	rl	rl	ADP
fsr-3478	226	17	y	y	PROPN
fsr-3478	226	18	d	d	PROPN
fsr-3478	226	19	u	u	PROPN
fsr-3478	226	20	ri	ri	PROPN
fsr-3478	226	21	n	n	ADV
fsr-3478	226	22	g	g	NOUN
fsr-3478	226	23	th	th	X
fsr-3478	226	24	e	e	X
fsr-3478	226	25	re	re	X
fsr-3478	226	26	ti	ti	PROPN
fsr-3478	226	27	re	re	VERB
fsr-3478	226	28	m	m	PROPN
fsr-3478	226	29	en	en	ADP
fsr-3478	226	30	t	t	X
fsr-3478	226	31	ex	ex	NOUN
fsr-3478	226	32	p	p	X
fsr-3478	226	33	er	er	INTJ
fsr-3478	226	34	ie	ie	X
fsr-3478	226	35	n	n	PROPN
fsr-3478	226	36	ce	ce	PROPN
fsr-3478	226	37	.	.	PUNCT
fsr-3478	227	1	w	w	PROPN
fsr-3478	227	2	h	h	PROPN
fsr-3478	227	3	il	il	PROPN
fsr-3478	227	4	e	e	X
fsr-3478	227	5	th	th	X
fsr-3478	227	6	is	be	AUX
fsr-3478	227	7	v	v	ADP
fsr-3478	227	8	ar	ar	PROPN
fsr-3478	227	9	ia	ia	PROPN
fsr-3478	227	10	b	b	PROPN
fsr-3478	227	11	le	le	PROPN
fsr-3478	227	12	is	be	AUX
fsr-3478	227	13	n	n	PRON
fsr-3478	228	1	o	o	X
fsr-3478	228	2	t	t	X
fsr-3478	229	1	d	d	X
fsr-3478	229	2	et	et	NOUN
fsr-3478	229	3	er	er	INTJ
fsr-3478	229	4	m	m	VERB
fsr-3478	229	5	in	in	ADP
fsr-3478	229	6	ed	ed	PROPN
fsr-3478	229	7	b	b	PROPN
fsr-3478	229	8	y	y	X
fsr-3478	229	9	th	th	X
fsr-3478	229	10	e	e	X
fsr-3478	229	11	re	re	X
fsr-3478	229	12	ti	ti	X
fsr-3478	229	13	re	re	X
fsr-3478	229	14	e	e	PROPN
fsr-3478	229	15	,	,	PUNCT
fsr-3478	229	16	it	it	PRON
fsr-3478	229	17	ca	can	AUX
fsr-3478	229	18	n	n	ADV
fsr-3478	229	19	n	n	ADV
fsr-3478	229	20	ev	ev	INTJ
fsr-3478	229	21	er	er	INTJ
fsr-3478	229	22	th	th	X
fsr-3478	229	23	el	el	NOUN
fsr-3478	229	24	es	es	PROPN
fsr-3478	229	25	s	s	PROPN
fsr-3478	229	26	b	b	PROPN
fsr-3478	229	27	e	e	X
fsr-3478	229	28	u	u	PROPN
fsr-3478	229	29	se	se	PROPN
fsr-3478	229	30	fu	fu	PROPN
fsr-3478	229	31	l	l	PROPN
fsr-3478	229	32	in	in	ADP
fsr-3478	229	33	co	co	NOUN
fsr-3478	229	34	n	n	PROPN
fsr-3478	229	35	si	si	PROPN
fsr-3478	230	1	d	d	X
fsr-3478	230	2	er	er	INTJ
fsr-3478	230	3	in	in	ADP
fsr-3478	230	4	g	g	PROPN
fsr-3478	230	5	m	m	VERB
fsr-3478	230	6	i	i	NOUN
fsr-3478	230	7	d	d	PROPN
fsr-3478	230	8	te	te	PROPN
fsr-3478	230	9	rm	rm	PROPN
fsr-3478	230	10	co	co	PROPN
fsr-3478	230	11	rr	rr	PROPN
fsr-3478	230	12	ec	ec	PROPN
fsr-3478	230	13	ti	ti	PROPN
fsr-3478	230	14	o	o	PROPN
fsr-3478	230	15	n	n	PROPN
fsr-3478	230	16	s.	s.	PROPN
fsr-3478	230	17	n	n	ADP
fsr-3478	230	18	o	o	X
fsr-3478	230	19	te	te	INTJ
fsr-3478	230	20	.	.	PUNCT
fsr-3478	231	1	t	t	PROPN
fsr-3478	231	2	h	h	PROPN
fsr-3478	231	3	is	be	AUX
fsr-3478	231	4	ta	ta	PROPN
fsr-3478	231	5	b	b	PROPN
fsr-3478	231	6	le	le	X
fsr-3478	231	7	d	d	NOUN
fsr-3478	231	8	es	es	X
fsr-3478	231	9	cr	cr	X
fsr-3478	231	10	ib	ib	PROPN
fsr-3478	231	11	es	es	ADP
fsr-3478	231	12	th	th	X
fsr-3478	231	13	e	e	X
fsr-3478	231	14	ex	ex	X
fsr-3478	231	15	p	p	PROPN
fsr-3478	231	16	la	la	PROPN
fsr-3478	231	17	n	n	PROPN
fsr-3478	231	18	at	at	ADP
fsr-3478	231	19	o	o	PROPN
fsr-3478	231	20	ry	ry	PROPN
fsr-3478	231	21	v	v	PROPN
fsr-3478	231	22	ar	ar	PROPN
fsr-3478	231	23	ia	ia	PROPN
fsr-3478	231	24	b	b	PROPN
fsr-3478	231	25	le	le	X
fsr-3478	231	26	s	s	X
fsr-3478	231	27	th	th	X
fsr-3478	231	28	at	at	ADP
fsr-3478	231	29	ar	ar	PROPN
fsr-3478	231	30	e	e	PROPN
fsr-3478	231	31	u	u	PROPN
fsr-3478	231	32	se	se	PROPN
fsr-3478	231	33	d	d	PROPN
fsr-3478	231	34	in	in	ADP
fsr-3478	231	35	th	th	PROPN
fsr-3478	231	36	is	be	AUX
fsr-3478	231	37	an	an	DET
fsr-3478	231	38	al	al	PROPN
fsr-3478	231	39	y	y	PROPN
fsr-3478	232	1	si	si	PROPN
fsr-3478	232	2	s.	s.	PROPN
fsr-3478	232	3	s	s	PART
fsr-3478	233	1	o	o	NOUN
fsr-3478	233	2	m	m	VERB
fsr-3478	233	3	e	e	NOUN
fsr-3478	233	4	o	o	X
fsr-3478	233	5	f	f	X
fsr-3478	233	6	th	th	X
fsr-3478	233	7	es	es	X
fsr-3478	233	8	e	e	PROPN
fsr-3478	233	9	v	v	PROPN
fsr-3478	233	10	ar	ar	PROPN
fsr-3478	233	11	ia	ia	PROPN
fsr-3478	233	12	b	b	PROPN
fsr-3478	233	13	le	le	PROPN
fsr-3478	233	14	s	s	PROPN
fsr-3478	233	15	ar	ar	PROPN
fsr-3478	233	16	e	e	X
fsr-3478	233	17	re	re	ADP
fsr-3478	233	18	ti	ti	X
fsr-3478	233	19	re	re	ADP
fsr-3478	233	20	e	e	PROPN
fsr-3478	233	21	ch	ch	NOUN
fsr-3478	233	22	o	o	X
fsr-3478	233	23	ic	ic	PROPN
fsr-3478	234	1	e	e	PROPN
fsr-3478	234	2	v	v	PROPN
fsr-3478	234	3	ar	ar	PROPN
fsr-3478	234	4	ia	ia	PROPN
fsr-3478	234	5	b	b	PROPN
fsr-3478	234	6	le	le	X
fsr-3478	234	7	s	s	X
fsr-3478	234	8	(	(	PUNCT
fsr-3478	234	9	w	w	ADP
fsr-3478	234	10	it	it	PRON
fsr-3478	234	11	h	h	NOUN
fsr-3478	235	1	d	d	X
fsr-3478	235	2	ra	ra	PROPN
fsr-3478	235	3	w	w	PROPN
fsr-3478	235	4	al	al	PROPN
fsr-3478	235	5	ra	ra	PROPN
fsr-3478	236	1	te	te	PROPN
fsr-3478	236	2	,	,	PUNCT
fsr-3478	236	3	p	p	X
fsr-3478	236	4	o	o	X
fsr-3478	236	5	rt	rt	INTJ
fsr-3478	236	6	fo	fo	INTJ
fsr-3478	236	7	li	li	PROPN
fsr-3478	236	8	o	o	PROPN
fsr-3478	236	9	al	al	PROPN
fsr-3478	236	10	lo	lo	PROPN
fsr-3478	236	11	ca	can	AUX
fsr-3478	236	12	ti	ti	VERB
fsr-3478	236	13	o	o	NOUN
fsr-3478	236	14	n	n	PROPN
fsr-3478	236	15	,	,	PUNCT
fsr-3478	236	16	an	an	DET
fsr-3478	236	17	d	d	X
fsr-3478	236	18	p	p	X
fsr-3478	236	19	la	la	PROPN
fsr-3478	236	20	n	n	CCONJ
fsr-3478	236	21	n	n	ADV
fsr-3478	236	22	ed	ed	NOUN
fsr-3478	236	23	re	re	X
fsr-3478	236	24	ti	ti	PROPN
fsr-3478	236	25	re	re	VERB
fsr-3478	236	26	m	m	PROPN
fsr-3478	236	27	en	en	PROPN
fsr-3478	236	28	t	t	PROPN
fsr-3478	236	29	h	h	NOUN
fsr-3478	237	1	o	o	X
fsr-3478	237	2	ri	ri	PROPN
fsr-3478	237	3	zo	zo	PROPN
fsr-3478	237	4	n	n	PROPN
fsr-3478	237	5	)	)	PUNCT
fsr-3478	237	6	w	w	PROPN
fsr-3478	237	7	h	h	NOUN
fsr-3478	238	1	il	il	PROPN
fsr-3478	238	2	e	e	PROPN
fsr-3478	238	3	o	o	X
fsr-3478	238	4	th	th	X
fsr-3478	238	5	er	er	INTJ
fsr-3478	238	6	s	s	PROPN
fsr-3478	238	7	ar	ar	PROPN
fsr-3478	238	8	e	e	PROPN
fsr-3478	238	9	ch	ch	PROPN
fsr-3478	238	10	an	an	PROPN
fsr-3478	238	11	ce	ce	PROPN
fsr-3478	238	12	v	v	PROPN
fsr-3478	238	13	ar	ar	PROPN
fsr-3478	238	14	ia	ia	PROPN
fsr-3478	238	15	b	b	PROPN
fsr-3478	238	16	le	le	X
fsr-3478	238	17	s	s	X
fsr-3478	238	18	(	(	PUNCT
fsr-3478	238	19	r	r	NOUN
fsr-3478	238	20	ea	ea	PROPN
fsr-3478	238	21	li	li	PROPN
fsr-3478	238	22	ze	ze	PROPN
fsr-3478	238	23	d	d	PROPN
fsr-3478	238	24	re	re	VERB
fsr-3478	238	25	tu	tu	PROPN
fsr-3478	238	26	rn	rn	PROPN
fsr-3478	238	27	,	,	PUNCT
fsr-3478	238	28	re	re	VERB
fsr-3478	238	29	al	al	PROPN
fsr-3478	238	30	iz	iz	INTJ
fsr-3478	238	31	ed	ed	PROPN
fsr-3478	238	32	ri	ri	PROPN
fsr-3478	238	33	sk	sk	INTJ
fsr-3478	238	34	,	,	PUNCT
fsr-3478	238	35	an	an	DET
fsr-3478	238	36	d	d	X
fsr-3478	238	37	se	se	X
fsr-3478	238	38	q	q	PROPN
fsr-3478	238	39	u	u	PROPN
fsr-3478	238	40	en	en	X
fsr-3478	238	41	ce	ce	PROPN
fsr-3478	238	42	ri	ri	PROPN
fsr-3478	238	43	sk	sk	VERB
fsr-3478	238	44	p	p	PROPN
fsr-3478	238	45	ro	ro	X
fsr-3478	238	46	x	x	X
fsr-3478	238	47	ie	ie	PROPN
fsr-3478	238	48	d	d	PROPN
fsr-3478	238	49	b	b	X
fsr-3478	238	50	y	y	X
fsr-3478	238	51	th	th	X
fsr-3478	238	52	e	e	NOUN
fsr-3478	238	53	n	n	CCONJ
fsr-3478	238	54	o	o	PROPN
fsr-3478	238	55	v	v	X
fsr-3478	238	56	el	el	PROPN
fsr-3478	238	57	ea	ea	PROPN
fsr-3478	238	58	rl	rl	ADP
fsr-3478	238	59	y	y	PROPN
fsr-3478	238	60	ex	ex	PRON
fsr-3478	239	1	p	p	X
fsr-3478	239	2	er	er	INTJ
fsr-3478	239	3	ie	ie	X
fsr-3478	239	4	n	n	PROPN
fsr-3478	239	5	ce	ce	PROPN
fsr-3478	239	6	v	v	PROPN
fsr-3478	239	7	ar	ar	PROPN
fsr-3478	239	8	ia	ia	PROPN
fsr-3478	239	9	b	b	PROPN
fsr-3478	239	10	le	le	PROPN
fsr-3478	239	11	)	)	PUNCT
fsr-3478	239	12	.	.	PUNCT
fsr-3478	240	1	m.	m.	NOUN
fsr-3478	240	2	athavale	athavale	PROPN
fsr-3478	240	3	et	et	PROPN
fsr-3478	240	4	al	al	PROPN
fsr-3478	240	5	.	.	PUNCT
fsr-3478	240	6	/	/	SYM
fsr-3478	240	7	financial	financial	ADJ
fsr-3478	240	8	services	service	NOUN
fsr-3478	240	9	review	review	VERB
fsr-3478	240	10	30	30	NUM
fsr-3478	240	11	(	(	PUNCT
fsr-3478	240	12	2022	2022	NUM
fsr-3478	240	13	)	)	PUNCT
fsr-3478	240	14	125–143	125–143	NOUN
fsr-3478	240	15	133	133	NUM
fsr-3478	240	16	average	average	ADJ
fsr-3478	240	17	american	american	ADJ
fsr-3478	240	18	,	,	PUNCT
fsr-3478	240	19	life	life	NOUN
fsr-3478	240	20	expectancy	expectancy	NOUN
fsr-3478	240	21	for	for	ADP
fsr-3478	240	22	males	male	NOUN
fsr-3478	240	23	,	,	PUNCT
fsr-3478	240	24	females	female	NOUN
fsr-3478	240	25	,	,	PUNCT
fsr-3478	240	26	and	and	CCONJ
fsr-3478	240	27	married	married	ADJ
fsr-3478	240	28	couples	couple	NOUN
fsr-3478	240	29	is	be	AUX
fsr-3478	240	30	82	82	NUM
fsr-3478	240	31	,	,	PUNCT
fsr-3478	240	32	85	85	NUM
fsr-3478	240	33	,	,	PUNCT
fsr-3478	240	34	and	and	CCONJ
fsr-3478	240	35	89	89	NUM
fsr-3478	240	36	,	,	PUNCT
fsr-3478	240	37	respectively	respectively	ADV
fsr-3478	240	38	,	,	PUNCT
fsr-3478	240	39	and	and	CCONJ
fsr-3478	240	40	the	the	DET
fsr-3478	240	41	probability	probability	NOUN
fsr-3478	240	42	that	that	SCONJ
fsr-3478	240	43	one	one	NUM
fsr-3478	240	44	member	member	NOUN
fsr-3478	240	45	of	of	ADP
fsr-3478	240	46	a	a	DET
fsr-3478	240	47	married	married	ADJ
fsr-3478	240	48	couple	couple	NOUN
fsr-3478	240	49	will	will	AUX
fsr-3478	240	50	live	live	VERB
fsr-3478	240	51	to	to	ADP
fsr-3478	240	52	age	age	NOUN
fsr-3478	240	53	95	95	NUM
fsr-3478	240	54	is	be	AUX
fsr-3478	240	55	18	18	NUM
fsr-3478	240	56	%	%	NOUN
fsr-3478	240	57	(	(	PUNCT
fsr-3478	240	58	browning	browning	NOUN
fsr-3478	240	59	,	,	PUNCT
fsr-3478	240	60	2016	2016	NUM
fsr-3478	240	61	,	,	PUNCT
fsr-3478	240	62	p.51	p.51	PROPN
fsr-3478	240	63	)	)	PUNCT
fsr-3478	240	64	.	.	PUNCT
fsr-3478	241	1	the	the	DET
fsr-3478	241	2	problem	problem	NOUN
fsr-3478	241	3	with	with	ADP
fsr-3478	241	4	determining	determine	VERB
fsr-3478	241	5	the	the	DET
fsr-3478	241	6	correct	correct	ADJ
fsr-3478	241	7	retirement	retirement	NOUN
fsr-3478	241	8	horizon	horizon	NOUN
fsr-3478	241	9	is	be	AUX
fsr-3478	241	10	that	that	SCONJ
fsr-3478	241	11	retirees	retiree	NOUN
fsr-3478	241	12	do	do	AUX
fsr-3478	241	13	not	not	PART
fsr-3478	241	14	know	know	VERB
fsr-3478	241	15	precisely	precisely	ADV
fsr-3478	241	16	when	when	SCONJ
fsr-3478	241	17	they	they	PRON
fsr-3478	241	18	will	will	AUX
fsr-3478	241	19	die	die	VERB
fsr-3478	241	20	.	.	PUNCT
fsr-3478	242	1	further	far	ADV
fsr-3478	242	2	,	,	PUNCT
fsr-3478	242	3	while	while	SCONJ
fsr-3478	242	4	in	in	ADP
fsr-3478	242	5	theory	theory	NOUN
fsr-3478	242	6	a	a	DET
fsr-3478	242	7	retirement	retirement	NOUN
fsr-3478	242	8	portfolio	portfolio	NOUN
fsr-3478	242	9	is	be	AUX
fsr-3478	242	10	meant	mean	VERB
fsr-3478	242	11	for	for	ADP
fsr-3478	242	12	consumption	consumption	NOUN
fsr-3478	242	13	,	,	PUNCT
fsr-3478	242	14	in	in	ADP
fsr-3478	242	15	practice	practice	NOUN
fsr-3478	242	16	most	most	ADJ
fsr-3478	242	17	retirees	retiree	NOUN
fsr-3478	242	18	will	will	AUX
fsr-3478	242	19	feel	feel	VERB
fsr-3478	242	20	comfortable	comfortable	ADJ
fsr-3478	242	21	under	under	ADV
fsr-3478	242	22	-	-	PUNCT
fsr-3478	242	23	consuming	consume	VERB
fsr-3478	242	24	the	the	DET
fsr-3478	242	25	retirement	retirement	NOUN
fsr-3478	242	26	portfolio	portfolio	NOUN
fsr-3478	242	27	and	and	CCONJ
fsr-3478	242	28	planning	plan	VERB
fsr-3478	242	29	for	for	ADP
fsr-3478	242	30	a	a	DET
fsr-3478	242	31	long	long	ADJ
fsr-3478	242	32	retirement	retirement	NOUN
fsr-3478	242	33	rather	rather	ADV
fsr-3478	242	34	than	than	ADP
fsr-3478	242	35	risking	risk	VERB
fsr-3478	242	36	portfolio	portfolio	NOUN
fsr-3478	242	37	failure	failure	NOUN
fsr-3478	242	38	(	(	PUNCT
fsr-3478	242	39	longevity	longevity	NOUN
fsr-3478	242	40	risk	risk	NOUN
fsr-3478	242	41	)	)	PUNCT
fsr-3478	242	42	.	.	PUNCT
fsr-3478	243	1	our	our	PRON
fsr-3478	243	2	analysis	analysis	NOUN
fsr-3478	243	3	assumes	assume	VERB
fsr-3478	243	4	that	that	SCONJ
fsr-3478	243	5	retirees	retiree	NOUN
fsr-3478	243	6	will	will	AUX
fsr-3478	243	7	select	select	VERB
fsr-3478	243	8	one	one	NUM
fsr-3478	243	9	of	of	ADP
fsr-3478	243	10	five	five	NUM
fsr-3478	243	11	retirement	retirement	NOUN
fsr-3478	243	12	planning	planning	NOUN
fsr-3478	243	13	horizons	horizon	NOUN
fsr-3478	243	14	(	(	PUNCT
fsr-3478	243	15	23	23	NUM
fsr-3478	243	16	,	,	PUNCT
fsr-3478	243	17	26	26	NUM
fsr-3478	243	18	,	,	PUNCT
fsr-3478	243	19	29	29	NUM
fsr-3478	243	20	,	,	PUNCT
fsr-3478	243	21	32	32	NUM
fsr-3478	243	22	,	,	PUNCT
fsr-3478	243	23	or	or	CCONJ
fsr-3478	243	24	35	35	NUM
fsr-3478	243	25	years	year	NOUN
fsr-3478	243	26	)	)	PUNCT
fsr-3478	243	27	based	base	VERB
fsr-3478	243	28	on	on	ADP
fsr-3478	243	29	their	their	PRON
fsr-3478	243	30	health	health	NOUN
fsr-3478	243	31	and	and	CCONJ
fsr-3478	243	32	lifestyle	lifestyle	NOUN
fsr-3478	243	33	.	.	PUNCT
fsr-3478	244	1	our	our	PRON
fsr-3478	244	2	analysis	analysis	NOUN
fsr-3478	244	3	recognizes	recognize	VERB
fsr-3478	244	4	that	that	SCONJ
fsr-3478	244	5	each	each	DET
fsr-3478	244	6	retirement	retirement	NOUN
fsr-3478	244	7	situation	situation	NOUN
fsr-3478	244	8	is	be	AUX
fsr-3478	244	9	different	different	ADJ
fsr-3478	244	10	and	and	CCONJ
fsr-3478	244	11	this	this	DET
fsr-3478	244	12	uniqueness	uniqueness	NOUN
fsr-3478	244	13	is	be	AUX
fsr-3478	244	14	captured	capture	VERB
fsr-3478	244	15	through	through	ADP
fsr-3478	244	16	the	the	DET
fsr-3478	244	17	intentional	intentional	ADJ
fsr-3478	244	18	use	use	NOUN
fsr-3478	244	19	of	of	ADP
fsr-3478	244	20	a	a	DET
fsr-3478	244	21	wide	wide	ADJ
fsr-3478	244	22	range	range	NOUN
fsr-3478	244	23	of	of	ADP
fsr-3478	244	24	values	value	NOUN
fsr-3478	244	25	for	for	ADP
fsr-3478	244	26	the	the	DET
fsr-3478	244	27	independent	independent	ADJ
fsr-3478	244	28	variables	variable	NOUN
fsr-3478	244	29	,	,	PUNCT
fsr-3478	244	30	allowing	allow	VERB
fsr-3478	244	31	the	the	DET
fsr-3478	244	32	analysis	analysis	NOUN
fsr-3478	244	33	to	to	PART
fsr-3478	244	34	apply	apply	VERB
fsr-3478	244	35	to	to	ADP
fsr-3478	244	36	many	many	ADJ
fsr-3478	244	37	retirement	retirement	NOUN
fsr-3478	244	38	scenarios	scenario	NOUN
fsr-3478	244	39	.	.	PUNCT
fsr-3478	245	1	for	for	ADP
fsr-3478	245	2	example	example	NOUN
fsr-3478	245	3	,	,	PUNCT
fsr-3478	245	4	assuming	assume	VERB
fsr-3478	245	5	life	life	NOUN
fsr-3478	245	6	expectancy	expectancy	NOUN
fsr-3478	245	7	of	of	ADP
fsr-3478	245	8	90	90	NUM
fsr-3478	245	9	years	year	NOUN
fsr-3478	245	10	,	,	PUNCT
fsr-3478	245	11	our	our	PRON
fsr-3478	245	12	choice	choice	NOUN
fsr-3478	245	13	of	of	ADP
fsr-3478	245	14	planning	plan	VERB
fsr-3478	245	15	horizon	horizon	NOUN
fsr-3478	245	16	is	be	AUX
fsr-3478	245	17	wide	wide	ADJ
fsr-3478	245	18	enough	enough	ADV
fsr-3478	245	19	to	to	PART
fsr-3478	245	20	cover	cover	VERB
fsr-3478	245	21	both	both	CCONJ
fsr-3478	245	22	the	the	DET
fsr-3478	245	23	traditional	traditional	ADJ
fsr-3478	245	24	age	age	NOUN
fsr-3478	245	25	67	67	NUM
fsr-3478	245	26	retiree	retiree	NOUN
fsr-3478	245	27	and	and	CCONJ
fsr-3478	245	28	with	with	ADP
fsr-3478	245	29	a	a	DET
fsr-3478	245	30	23	23	NUM
fsr-3478	245	31	-	-	PUNCT
fsr-3478	245	32	year	year	NOUN
fsr-3478	245	33	retirement	retirement	NOUN
fsr-3478	245	34	horizon	horizon	NOUN
fsr-3478	245	35	and	and	CCONJ
fsr-3478	245	36	the	the	DET
fsr-3478	245	37	age	age	NOUN
fsr-3478	245	38	55	55	NUM
fsr-3478	245	39	early	early	ADJ
fsr-3478	245	40	retiree	retiree	NOUN
fsr-3478	245	41	with	with	ADP
fsr-3478	245	42	a	a	DET
fsr-3478	245	43	35	35	NUM
fsr-3478	245	44	-	-	PUNCT
fsr-3478	245	45	year	year	NOUN
fsr-3478	245	46	retirement	retirement	NOUN
fsr-3478	245	47	horizon	horizon	NOUN
fsr-3478	245	48	.	.	PUNCT
fsr-3478	246	1	our	our	PRON
fsr-3478	246	2	analysis	analysis	NOUN
fsr-3478	246	3	also	also	ADV
fsr-3478	246	4	assumes	assume	VERB
fsr-3478	246	5	that	that	SCONJ
fsr-3478	246	6	a	a	DET
fsr-3478	246	7	retiree	retiree	NOUN
fsr-3478	246	8	will	will	AUX
fsr-3478	246	9	select	select	VERB
fsr-3478	246	10	one	one	NUM
fsr-3478	246	11	of	of	ADP
fsr-3478	246	12	three	three	NUM
fsr-3478	246	13	asset	asset	NOUN
fsr-3478	246	14	allocation	allocation	NOUN
fsr-3478	246	15	strategies	strategy	NOUN
fsr-3478	246	16	(	(	PUNCT
fsr-3478	246	17	a	a	DET
fsr-3478	246	18	conservative	conservative	ADJ
fsr-3478	246	19	strategy	strategy	NOUN
fsr-3478	246	20	with	with	ADP
fsr-3478	246	21	an	an	DET
fsr-3478	246	22	emphasis	emphasis	NOUN
fsr-3478	246	23	on	on	ADP
fsr-3478	246	24	fixed	fix	VERB
fsr-3478	246	25	-	-	PUNCT
fsr-3478	246	26	income	income	NOUN
fsr-3478	246	27	investments	investment	NOUN
fsr-3478	246	28	,	,	PUNCT
fsr-3478	246	29	with	with	ADP
fsr-3478	246	30	expected	expect	VERB
fsr-3478	246	31	real	real	ADJ
fsr-3478	246	32	return	return	NOUN
fsr-3478	246	33	of	of	ADP
fsr-3478	246	34	approximately	approximately	ADV
fsr-3478	246	35	3.1	3.1	NUM
fsr-3478	246	36	%	%	NOUN
fsr-3478	246	37	and	and	CCONJ
fsr-3478	246	38	standard	standard	ADJ
fsr-3478	246	39	deviation	deviation	NOUN
fsr-3478	246	40	of	of	ADP
fsr-3478	246	41	8	8	NUM
fsr-3478	246	42	%	%	NOUN
fsr-3478	246	43	,	,	PUNCT
fsr-3478	246	44	a	a	DET
fsr-3478	246	45	balanced	balanced	ADJ
fsr-3478	246	46	strategy	strategy	NOUN
fsr-3478	246	47	with	with	ADP
fsr-3478	246	48	expected	expect	VERB
fsr-3478	246	49	real	real	ADJ
fsr-3478	246	50	return	return	NOUN
fsr-3478	246	51	of	of	ADP
fsr-3478	246	52	5.1	5.1	NUM
fsr-3478	246	53	%	%	NOUN
fsr-3478	246	54	and	and	CCONJ
fsr-3478	246	55	standard	standard	ADJ
fsr-3478	246	56	deviation	deviation	NOUN
fsr-3478	246	57	of	of	ADP
fsr-3478	246	58	12	12	NUM
fsr-3478	246	59	%	%	NOUN
fsr-3478	246	60	,	,	PUNCT
fsr-3478	246	61	and	and	CCONJ
fsr-3478	246	62	an	an	DET
fsr-3478	246	63	aggressive	aggressive	ADJ
fsr-3478	246	64	strategy	strategy	NOUN
fsr-3478	246	65	with	with	ADP
fsr-3478	246	66	an	an	DET
fsr-3478	246	67	emphasis	emphasis	NOUN
fsr-3478	246	68	on	on	ADP
fsr-3478	246	69	equity	equity	NOUN
fsr-3478	246	70	investments	investment	NOUN
fsr-3478	246	71	,	,	PUNCT
fsr-3478	246	72	with	with	ADP
fsr-3478	246	73	expected	expect	VERB
fsr-3478	246	74	real	real	ADJ
fsr-3478	246	75	return	return	NOUN
fsr-3478	246	76	of	of	ADP
fsr-3478	246	77	7.1	7.1	NUM
fsr-3478	246	78	%	%	NOUN
fsr-3478	246	79	and	and	CCONJ
fsr-3478	246	80	standard	standard	ADJ
fsr-3478	246	81	deviation	deviation	NOUN
fsr-3478	246	82	of	of	ADP
fsr-3478	246	83	16	16	NUM
fsr-3478	246	84	%	%	NOUN
fsr-3478	246	85	)	)	PUNCT
fsr-3478	246	86	based	base	VERB
fsr-3478	246	87	on	on	ADP
fsr-3478	246	88	their	their	PRON
fsr-3478	246	89	personal	personal	ADJ
fsr-3478	246	90	risk	risk	NOUN
fsr-3478	246	91	tolerance	tolerance	NOUN
fsr-3478	246	92	.	.	PUNCT
fsr-3478	247	1	these	these	DET
fsr-3478	247	2	numbers	number	NOUN
fsr-3478	247	3	reflect	reflect	VERB
fsr-3478	247	4	the	the	DET
fsr-3478	247	5	approximate	approximate	ADJ
fsr-3478	247	6	averages	average	NOUN
fsr-3478	247	7	of	of	ADP
fsr-3478	247	8	the	the	DET
fsr-3478	247	9	mean	mean	ADJ
fsr-3478	247	10	real	real	ADJ
fsr-3478	247	11	return	return	NOUN
fsr-3478	247	12	and	and	CCONJ
fsr-3478	247	13	standard	standard	ADJ
fsr-3478	247	14	deviation	deviation	NOUN
fsr-3478	247	15	reported	report	VERB
fsr-3478	247	16	in	in	ADP
fsr-3478	247	17	prior	prior	ADJ
fsr-3478	247	18	research	research	NOUN
fsr-3478	247	19	referenced	reference	VERB
fsr-3478	247	20	in	in	ADP
fsr-3478	247	21	this	this	DET
fsr-3478	247	22	paper	paper	NOUN
fsr-3478	247	23	.	.	PUNCT
fsr-3478	248	1	finally	finally	ADV
fsr-3478	248	2	,	,	PUNCT
fsr-3478	248	3	our	our	PRON
fsr-3478	248	4	analysis	analysis	NOUN
fsr-3478	248	5	also	also	ADV
fsr-3478	248	6	assumes	assume	VERB
fsr-3478	248	7	that	that	SCONJ
fsr-3478	248	8	a	a	DET
fsr-3478	248	9	retiree	retiree	NOUN
fsr-3478	248	10	will	will	AUX
fsr-3478	248	11	select	select	VERB
fsr-3478	248	12	one	one	NUM
fsr-3478	248	13	of	of	ADP
fsr-3478	248	14	five	five	NUM
fsr-3478	248	15	fixed	fix	VERB
fsr-3478	248	16	real	real	ADJ
fsr-3478	248	17	withdrawal	withdrawal	NOUN
fsr-3478	248	18	rates	rate	NOUN
fsr-3478	248	19	(	(	PUNCT
fsr-3478	248	20	2.5	2.5	NUM
fsr-3478	248	21	%	%	NOUN
fsr-3478	248	22	,	,	PUNCT
fsr-3478	248	23	3.25	3.25	NUM
fsr-3478	248	24	%	%	NOUN
fsr-3478	248	25	,	,	PUNCT
fsr-3478	248	26	4	4	NUM
fsr-3478	248	27	%	%	NOUN
fsr-3478	248	28	,	,	PUNCT
fsr-3478	248	29	4.75	4.75	NUM
fsr-3478	248	30	%	%	NOUN
fsr-3478	248	31	,	,	PUNCT
fsr-3478	248	32	and	and	CCONJ
fsr-3478	248	33	5.5	5.5	NUM
fsr-3478	248	34	%	%	NOUN
fsr-3478	248	35	)	)	PUNCT
fsr-3478	248	36	based	base	VERB
fsr-3478	248	37	on	on	ADP
fsr-3478	248	38	their	their	PRON
fsr-3478	248	39	consumption	consumption	NOUN
fsr-3478	248	40	needs	need	NOUN
fsr-3478	248	41	.	.	PUNCT
fsr-3478	249	1	the	the	DET
fsr-3478	249	2	use	use	NOUN
fsr-3478	249	3	of	of	ADP
fsr-3478	249	4	a	a	DET
fsr-3478	249	5	range	range	NOUN
fsr-3478	249	6	of	of	ADP
fsr-3478	249	7	annual	annual	ADJ
fsr-3478	249	8	withdrawal	withdrawal	NOUN
fsr-3478	249	9	rates	rate	NOUN
fsr-3478	249	10	,	,	PUNCT
fsr-3478	249	11	retirement	retirement	NOUN
fsr-3478	249	12	planning	planning	NOUN
fsr-3478	249	13	horizons	horizon	NOUN
fsr-3478	249	14	,	,	PUNCT
fsr-3478	249	15	and	and	CCONJ
fsr-3478	249	16	stock	stock	NOUN
fsr-3478	249	17	allocations	allocation	NOUN
fsr-3478	249	18	,	,	PUNCT
fsr-3478	249	19	is	be	AUX
fsr-3478	249	20	consistent	consistent	ADJ
fsr-3478	249	21	with	with	ADP
fsr-3478	249	22	cooley	cooley	PROPN
fsr-3478	249	23	et	et	PROPN
fsr-3478	249	24	al	al	PROPN
fsr-3478	249	25	.	.	PUNCT
fsr-3478	250	1	(	(	PUNCT
fsr-3478	250	2	1998	1998	NUM
fsr-3478	250	3	)	)	PUNCT
fsr-3478	250	4	.	.	PUNCT
fsr-3478	251	1	these	these	DET
fsr-3478	251	2	three	three	NUM
fsr-3478	251	3	decisions	decision	NOUN
fsr-3478	251	4	about	about	ADP
fsr-3478	251	5	retirement	retirement	NOUN
fsr-3478	251	6	horizon	horizon	NOUN
fsr-3478	251	7	,	,	PUNCT
fsr-3478	251	8	asset	asset	NOUN
fsr-3478	251	9	allocation	allocation	NOUN
fsr-3478	251	10	,	,	PUNCT
fsr-3478	251	11	and	and	CCONJ
fsr-3478	251	12	withdrawal	withdrawal	NOUN
fsr-3478	251	13	rate	rate	NOUN
fsr-3478	251	14	result	result	NOUN
fsr-3478	251	15	in	in	ADP
fsr-3478	251	16	5	5	NUM
fsr-3478	251	17	�	�	PROPN
fsr-3478	251	18	3	3	NUM
fsr-3478	251	19	�	�	PROPN
fsr-3478	251	20	5	5	NUM
fsr-3478	251	21	=	=	SYM
fsr-3478	251	22	75	75	NUM
fsr-3478	251	23	unique	unique	ADJ
fsr-3478	251	24	retirement	retirement	NOUN
fsr-3478	251	25	scenarios	scenario	NOUN
fsr-3478	251	26	.	.	PUNCT
fsr-3478	252	1	the	the	DET
fsr-3478	252	2	next	next	ADJ
fsr-3478	252	3	step	step	NOUN
fsr-3478	252	4	in	in	ADP
fsr-3478	252	5	the	the	DET
fsr-3478	252	6	analysis	analysis	NOUN
fsr-3478	252	7	is	be	AUX
fsr-3478	252	8	to	to	PART
fsr-3478	252	9	consider	consider	VERB
fsr-3478	252	10	likely	likely	ADJ
fsr-3478	252	11	outcomes	outcome	NOUN
fsr-3478	252	12	for	for	ADP
fsr-3478	252	13	each	each	PRON
fsr-3478	252	14	of	of	ADP
fsr-3478	252	15	these	these	DET
fsr-3478	252	16	scenarios	scenario	NOUN
fsr-3478	252	17	.	.	PUNCT
fsr-3478	253	1	for	for	ADP
fsr-3478	253	2	example	example	NOUN
fsr-3478	253	3	,	,	PUNCT
fsr-3478	253	4	does	do	AUX
fsr-3478	253	5	a	a	DET
fsr-3478	253	6	2.5	2.5	NUM
fsr-3478	253	7	%	%	NOUN
fsr-3478	253	8	withdrawal	withdrawal	NOUN
fsr-3478	253	9	rate	rate	NOUN
fsr-3478	253	10	from	from	ADP
fsr-3478	253	11	a	a	DET
fsr-3478	253	12	conservative	conservative	ADJ
fsr-3478	253	13	portfolio	portfolio	NOUN
fsr-3478	253	14	sustain	sustain	VERB
fsr-3478	253	15	the	the	DET
fsr-3478	253	16	retirement	retirement	NOUN
fsr-3478	253	17	portfolio	portfolio	NOUN
fsr-3478	253	18	over	over	ADP
fsr-3478	253	19	a	a	DET
fsr-3478	253	20	23	23	NUM
fsr-3478	253	21	-	-	PUNCT
fsr-3478	253	22	year	year	NOUN
fsr-3478	253	23	retirement	retirement	NOUN
fsr-3478	253	24	horizon	horizon	NOUN
fsr-3478	253	25	?	?	PUNCT
fsr-3478	254	1	while	while	SCONJ
fsr-3478	254	2	we	we	PRON
fsr-3478	254	3	know	know	VERB
fsr-3478	254	4	that	that	SCONJ
fsr-3478	254	5	our	our	PRON
fsr-3478	254	6	conservative	conservative	ADJ
fsr-3478	254	7	portfolio	portfolio	NOUN
fsr-3478	254	8	will	will	AUX
fsr-3478	254	9	average	average	VERB
fsr-3478	254	10	annual	annual	ADJ
fsr-3478	254	11	returns	return	NOUN
fsr-3478	254	12	of	of	ADP
fsr-3478	254	13	approximately	approximately	ADV
fsr-3478	254	14	3.1	3.1	NUM
fsr-3478	254	15	%	%	NOUN
fsr-3478	254	16	and	and	CCONJ
fsr-3478	254	17	have	have	VERB
fsr-3478	254	18	a	a	DET
fsr-3478	254	19	standard	standard	ADJ
fsr-3478	254	20	deviation	deviation	NOUN
fsr-3478	254	21	of	of	ADP
fsr-3478	254	22	8	8	NUM
fsr-3478	254	23	%	%	NOUN
fsr-3478	254	24	over	over	ADP
fsr-3478	254	25	long	long	ADJ
fsr-3478	254	26	periods	period	NOUN
fsr-3478	254	27	of	of	ADP
fsr-3478	254	28	time	time	NOUN
fsr-3478	254	29	,	,	PUNCT
fsr-3478	254	30	returns	return	NOUN
fsr-3478	254	31	in	in	ADP
fsr-3478	254	32	any	any	DET
fsr-3478	254	33	particular	particular	ADJ
fsr-3478	254	34	year	year	NOUN
fsr-3478	254	35	can	can	AUX
fsr-3478	254	36	fluctuate	fluctuate	VERB
fsr-3478	254	37	away	away	ADV
fsr-3478	254	38	from	from	ADP
fsr-3478	254	39	the	the	DET
fsr-3478	254	40	average	average	NOUN
fsr-3478	254	41	with	with	ADP
fsr-3478	254	42	a	a	DET
fsr-3478	254	43	wide	wide	ADJ
fsr-3478	254	44	range	range	NOUN
fsr-3478	254	45	of	of	ADP
fsr-3478	254	46	uncertain	uncertain	ADJ
fsr-3478	254	47	values	value	NOUN
fsr-3478	254	48	.	.	PUNCT
fsr-3478	255	1	the	the	DET
fsr-3478	255	2	standard	standard	ADJ
fsr-3478	255	3	methodology	methodology	NOUN
fsr-3478	255	4	in	in	ADP
fsr-3478	255	5	such	such	ADJ
fsr-3478	255	6	cases	case	NOUN
fsr-3478	255	7	draws	draw	VERB
fsr-3478	255	8	random	random	ADJ
fsr-3478	255	9	returns	return	NOUN
fsr-3478	255	10	for	for	ADP
fsr-3478	255	11	each	each	DET
fsr-3478	255	12	year	year	NOUN
fsr-3478	255	13	of	of	ADP
fsr-3478	255	14	the	the	DET
fsr-3478	255	15	retirement	retirement	NOUN
fsr-3478	255	16	horizon	horizon	NOUN
fsr-3478	255	17	from	from	ADP
fsr-3478	255	18	a	a	DET
fsr-3478	255	19	theoretical	theoretical	ADJ
fsr-3478	255	20	distribution	distribution	NOUN
fsr-3478	255	21	.	.	PUNCT
fsr-3478	256	1	we	we	PRON
fsr-3478	256	2	should	should	AUX
fsr-3478	256	3	test	test	VERB
fsr-3478	256	4	our	our	PRON
fsr-3478	256	5	hypothesis	hypothesis	NOUN
fsr-3478	256	6	by	by	ADP
fsr-3478	256	7	drawing	draw	VERB
fsr-3478	256	8	random	random	ADJ
fsr-3478	256	9	annual	annual	ADJ
fsr-3478	256	10	returns	return	NOUN
fsr-3478	256	11	for	for	ADP
fsr-3478	256	12	the	the	DET
fsr-3478	256	13	first	first	ADJ
fsr-3478	256	14	year	year	NOUN
fsr-3478	256	15	,	,	PUNCT
fsr-3478	256	16	making	make	VERB
fsr-3478	256	17	2.5	2.5	NUM
fsr-3478	256	18	%	%	NOUN
fsr-3478	256	19	withdrawals	withdrawal	NOUN
fsr-3478	256	20	,	,	PUNCT
fsr-3478	256	21	noting	note	VERB
fsr-3478	256	22	the	the	DET
fsr-3478	256	23	portfolio	portfolio	NOUN
fsr-3478	256	24	balance	balance	NOUN
fsr-3478	256	25	at	at	ADP
fsr-3478	256	26	the	the	DET
fsr-3478	256	27	end	end	NOUN
fsr-3478	256	28	of	of	ADP
fsr-3478	256	29	the	the	DET
fsr-3478	256	30	year	year	NOUN
fsr-3478	256	31	,	,	PUNCT
fsr-3478	256	32	and	and	CCONJ
fsr-3478	256	33	if	if	SCONJ
fsr-3478	256	34	the	the	DET
fsr-3478	256	35	portfolio	portfolio	NOUN
fsr-3478	256	36	has	have	AUX
fsr-3478	256	37	not	not	PART
fsr-3478	256	38	been	be	AUX
fsr-3478	256	39	depleted	deplete	VERB
fsr-3478	256	40	,	,	PUNCT
fsr-3478	256	41	continuing	continue	VERB
fsr-3478	256	42	this	this	DET
fsr-3478	256	43	exercise	exercise	NOUN
fsr-3478	256	44	for	for	ADP
fsr-3478	256	45	a	a	DET
fsr-3478	256	46	total	total	NOUN
fsr-3478	256	47	of	of	ADP
fsr-3478	256	48	23	23	NUM
fsr-3478	256	49	years	year	NOUN
fsr-3478	256	50	.	.	PUNCT
fsr-3478	257	1	drawing	draw	VERB
fsr-3478	257	2	random	random	ADJ
fsr-3478	257	3	annual	annual	ADJ
fsr-3478	257	4	returns	return	NOUN
fsr-3478	257	5	to	to	ADP
fsr-3478	257	6	the	the	DET
fsr-3478	257	7	retirement	retirement	NOUN
fsr-3478	257	8	portfolio	portfolio	NOUN
fsr-3478	257	9	requires	require	VERB
fsr-3478	257	10	us	we	PRON
fsr-3478	257	11	to	to	PART
fsr-3478	257	12	impose	impose	VERB
fsr-3478	257	13	a	a	DET
fsr-3478	257	14	priori	priori	ADJ
fsr-3478	257	15	assumptions	assumption	NOUN
fsr-3478	257	16	about	about	ADP
fsr-3478	257	17	the	the	DET
fsr-3478	257	18	functional	functional	ADJ
fsr-3478	257	19	form	form	NOUN
fsr-3478	257	20	of	of	ADP
fsr-3478	257	21	the	the	DET
fsr-3478	257	22	distribution	distribution	NOUN
fsr-3478	257	23	of	of	ADP
fsr-3478	257	24	expected	expect	VERB
fsr-3478	257	25	returns	return	NOUN
fsr-3478	257	26	,	,	PUNCT
fsr-3478	257	27	and	and	CCONJ
fsr-3478	257	28	a	a	DET
fsr-3478	257	29	standard	standard	ADJ
fsr-3478	257	30	assumption	assumption	NOUN
fsr-3478	257	31	is	be	AUX
fsr-3478	257	32	that	that	SCONJ
fsr-3478	257	33	returns	return	NOUN
fsr-3478	257	34	are	be	AUX
fsr-3478	257	35	characterized	characterize	VERB
fsr-3478	257	36	by	by	ADP
fsr-3478	257	37	the	the	DET
fsr-3478	257	38	normal	normal	ADJ
fsr-3478	257	39	distribution	distribution	NOUN
fsr-3478	257	40	.	.	PUNCT
fsr-3478	258	1	this	this	DET
fsr-3478	258	2	assumption	assumption	NOUN
fsr-3478	258	3	,	,	PUNCT
fsr-3478	258	4	though	though	SCONJ
fsr-3478	258	5	convenient	convenient	ADJ
fsr-3478	258	6	,	,	PUNCT
fsr-3478	258	7	was	be	AUX
fsr-3478	258	8	empirically	empirically	ADV
fsr-3478	258	9	challenged	challenge	VERB
fsr-3478	258	10	by	by	ADP
fsr-3478	258	11	fama	fama	PROPN
fsr-3478	258	12	(	(	PUNCT
fsr-3478	258	13	1965	1965	NUM
fsr-3478	258	14	)	)	PUNCT
fsr-3478	258	15	who	who	PRON
fsr-3478	258	16	found	find	VERB
fsr-3478	258	17	that	that	SCONJ
fsr-3478	258	18	the	the	DET
fsr-3478	258	19	distribution	distribution	NOUN
fsr-3478	258	20	of	of	ADP
fsr-3478	258	21	monthly	monthly	ADJ
fsr-3478	258	22	stock	stock	NOUN
fsr-3478	258	23	returns	return	NOUN
fsr-3478	258	24	belonged	belong	VERB
fsr-3478	258	25	to	to	ADP
fsr-3478	258	26	a	a	DET
fsr-3478	258	27	non	non	ADJ
fsr-3478	258	28	-	-	ADJ
fsr-3478	258	29	normal	normal	ADJ
fsr-3478	258	30	member	member	NOUN
fsr-3478	258	31	of	of	ADP
fsr-3478	258	32	the	the	DET
fsr-3478	258	33	stable	stable	ADJ
fsr-3478	258	34	class	class	NOUN
fsr-3478	258	35	of	of	ADP
fsr-3478	258	36	distributions	distribution	NOUN
fsr-3478	258	37	.	.	PUNCT
fsr-3478	259	1	subsequently	subsequently	ADV
fsr-3478	259	2	,	,	PUNCT
fsr-3478	259	3	officer	officer	NOUN
fsr-3478	259	4	(	(	PUNCT
fsr-3478	259	5	1972	1972	NUM
fsr-3478	259	6	)	)	PUNCT
fsr-3478	259	7	confirmed	confirm	VERB
fsr-3478	259	8	that	that	SCONJ
fsr-3478	259	9	the	the	DET
fsr-3478	259	10	distribution	distribution	NOUN
fsr-3478	259	11	of	of	ADP
fsr-3478	259	12	stock	stock	NOUN
fsr-3478	259	13	returns	return	NOUN
fsr-3478	259	14	has	have	VERB
fsr-3478	259	15	fattails	fattail	NOUN
fsr-3478	259	16	,	,	PUNCT
fsr-3478	259	17	and	and	CCONJ
fsr-3478	259	18	gray	gray	ADJ
fsr-3478	259	19	and	and	CCONJ
fsr-3478	259	20	french	french	ADJ
fsr-3478	259	21	(	(	PUNCT
fsr-3478	259	22	1990	1990	NUM
fsr-3478	259	23	)	)	PUNCT
fsr-3478	259	24	confirmed	confirm	VERB
fsr-3478	259	25	that	that	SCONJ
fsr-3478	259	26	the	the	DET
fsr-3478	259	27	distribution	distribution	NOUN
fsr-3478	259	28	of	of	ADP
fsr-3478	259	29	stock	stock	NOUN
fsr-3478	259	30	index	index	NOUN
fsr-3478	259	31	returns	return	NOUN
fsr-3478	259	32	also	also	ADV
fsr-3478	259	33	134	134	NUM
fsr-3478	259	34	m.	m.	NOUN
fsr-3478	259	35	athavale	athavale	NOUN
fsr-3478	259	36	et	et	PROPN
fsr-3478	259	37	al	al	PROPN
fsr-3478	259	38	.	.	PUNCT
fsr-3478	259	39	/	/	SYM
fsr-3478	259	40	financial	financial	ADJ
fsr-3478	259	41	services	service	NOUN
fsr-3478	259	42	review	review	VERB
fsr-3478	259	43	30	30	NUM
fsr-3478	259	44	(	(	PUNCT
fsr-3478	259	45	2022	2022	NUM
fsr-3478	259	46	)	)	PUNCT
fsr-3478	259	47	125–143	125–143	NOUN
fsr-3478	259	48	deviates	deviate	VERB
fsr-3478	259	49	from	from	ADP
fsr-3478	259	50	the	the	DET
fsr-3478	259	51	normal	normal	ADJ
fsr-3478	259	52	distribution	distribution	NOUN
fsr-3478	259	53	.	.	PUNCT
fsr-3478	260	1	the	the	DET
fsr-3478	260	2	preponderance	preponderance	NOUN
fsr-3478	260	3	of	of	ADP
fsr-3478	260	4	empirical	empirical	ADJ
fsr-3478	260	5	evidence	evidence	NOUN
fsr-3478	260	6	finds	find	VERB
fsr-3478	260	7	that	that	SCONJ
fsr-3478	260	8	return	return	NOUN
fsr-3478	260	9	distributions	distribution	NOUN
fsr-3478	260	10	are	be	AUX
fsr-3478	260	11	not	not	PART
fsr-3478	260	12	normally	normally	ADV
fsr-3478	260	13	distributed	distribute	VERB
fsr-3478	260	14	(	(	PUNCT
fsr-3478	260	15	kring	kring	PROPN
fsr-3478	260	16	,	,	PUNCT
fsr-3478	260	17	rachev	rachev	VERB
fsr-3478	260	18	,	,	PUNCT
fsr-3478	260	19	höchstötter	höchstötter	NOUN
fsr-3478	260	20	,	,	PUNCT
fsr-3478	260	21	fabozzi	fabozzi	NOUN
fsr-3478	260	22	,	,	PUNCT
fsr-3478	260	23	&	&	CCONJ
fsr-3478	260	24	bianchi	bianchi	PROPN
fsr-3478	260	25	,	,	PUNCT
fsr-3478	260	26	2009	2009	NUM
fsr-3478	260	27	,	,	PUNCT
fsr-3478	260	28	p.	p.	NOUN
fsr-3478	260	29	272	272	NUM
fsr-3478	260	30	)	)	PUNCT
fsr-3478	260	31	,	,	PUNCT
fsr-3478	260	32	and	and	CCONJ
fsr-3478	260	33	have	have	AUX
fsr-3478	260	34	rejected	reject	VERB
fsr-3478	260	35	the	the	DET
fsr-3478	260	36	normal	normal	ADJ
fsr-3478	260	37	distribution	distribution	NOUN
fsr-3478	260	38	in	in	ADP
fsr-3478	260	39	favor	favor	NOUN
fsr-3478	260	40	of	of	ADP
fsr-3478	260	41	either	either	CCONJ
fsr-3478	260	42	a	a	DET
fsr-3478	260	43	skewed	skewed	ADJ
fsr-3478	260	44	distribution	distribution	NOUN
fsr-3478	260	45	or	or	CCONJ
fsr-3478	260	46	a	a	DET
fsr-3478	260	47	fat	fat	ADJ
fsr-3478	260	48	-	-	PUNCT
fsr-3478	260	49	tailed	tail	VERB
fsr-3478	260	50	distribution	distribution	NOUN
fsr-3478	260	51	(	(	PUNCT
fsr-3478	260	52	levy	levy	NOUN
fsr-3478	260	53	&	&	CCONJ
fsr-3478	260	54	duchin	duchin	PROPN
fsr-3478	260	55	,	,	PUNCT
fsr-3478	260	56	2004	2004	NUM
fsr-3478	260	57	p.	p.	NOUN
fsr-3478	260	58	48	48	NUM
fsr-3478	260	59	)	)	PUNCT
fsr-3478	260	60	.	.	PUNCT
fsr-3478	261	1	we	we	PRON
fsr-3478	261	2	relax	relax	VERB
fsr-3478	261	3	the	the	DET
fsr-3478	261	4	assumption	assumption	NOUN
fsr-3478	261	5	that	that	SCONJ
fsr-3478	261	6	returns	return	NOUN
fsr-3478	261	7	follow	follow	VERB
fsr-3478	261	8	any	any	DET
fsr-3478	261	9	single	single	ADJ
fsr-3478	261	10	distribution	distribution	NOUN
fsr-3478	261	11	and	and	CCONJ
fsr-3478	261	12	use	use	VERB
fsr-3478	261	13	four	four	NUM
fsr-3478	261	14	different	different	ADJ
fsr-3478	261	15	continuous	continuous	ADJ
fsr-3478	261	16	probability	probability	NOUN
fsr-3478	261	17	distributions	distribution	NOUN
fsr-3478	261	18	(	(	PUNCT
fsr-3478	261	19	beta	beta	NOUN
fsr-3478	261	20	,	,	PUNCT
fsr-3478	261	21	kumaraswamy	kumaraswamy	NOUN
fsr-3478	261	22	,	,	PUNCT
fsr-3478	261	23	pert	pert	NOUN
fsr-3478	261	24	,	,	PUNCT
fsr-3478	261	25	and	and	CCONJ
fsr-3478	261	26	triangular	triangular	NOUN
fsr-3478	261	27	)	)	PUNCT
fsr-3478	261	28	from	from	ADP
fsr-3478	261	29	which	which	PRON
fsr-3478	261	30	to	to	PART
fsr-3478	261	31	draw	draw	VERB
fsr-3478	261	32	random	random	ADJ
fsr-3478	261	33	annual	annual	ADJ
fsr-3478	261	34	returns	return	NOUN
fsr-3478	261	35	.	.	PUNCT
fsr-3478	262	1	in	in	ADP
fsr-3478	262	2	the	the	DET
fsr-3478	262	3	absence	absence	NOUN
fsr-3478	262	4	of	of	ADP
fsr-3478	262	5	theoretical	theoretical	ADJ
fsr-3478	262	6	arguments	argument	NOUN
fsr-3478	262	7	or	or	CCONJ
fsr-3478	262	8	empirical	empirical	ADJ
fsr-3478	262	9	evidence	evidence	NOUN
fsr-3478	262	10	to	to	PART
fsr-3478	262	11	guide	guide	VERB
fsr-3478	262	12	our	our	PRON
fsr-3478	262	13	selection	selection	NOUN
fsr-3478	262	14	of	of	ADP
fsr-3478	262	15	the	the	DET
fsr-3478	262	16	appropriate	appropriate	ADJ
fsr-3478	262	17	distribution	distribution	NOUN
fsr-3478	262	18	,	,	PUNCT
fsr-3478	262	19	we	we	PRON
fsr-3478	262	20	selected	select	VERB
fsr-3478	262	21	four	four	NUM
fsr-3478	262	22	continuous	continuous	ADJ
fsr-3478	262	23	distributions	distribution	NOUN
fsr-3478	262	24	which	which	PRON
fsr-3478	262	25	allowed	allow	VERB
fsr-3478	262	26	negative	negative	ADJ
fsr-3478	262	27	returns	return	NOUN
fsr-3478	262	28	,	,	PUNCT
fsr-3478	262	29	allowed	allow	VERB
fsr-3478	262	30	us	we	PRON
fsr-3478	262	31	to	to	PART
fsr-3478	262	32	specify	specify	VERB
fsr-3478	262	33	bounds	bound	NOUN
fsr-3478	262	34	,	,	PUNCT
fsr-3478	262	35	and	and	CCONJ
fsr-3478	262	36	displayed	display	VERB
fsr-3478	262	37	skewness	skewness	NOUN
fsr-3478	262	38	and	and	CCONJ
fsr-3478	262	39	fat	fat	ADJ
fsr-3478	262	40	tails	tail	NOUN
fsr-3478	262	41	.	.	PUNCT
fsr-3478	263	1	the	the	DET
fsr-3478	263	2	parameters	parameter	NOUN
fsr-3478	263	3	of	of	ADP
fsr-3478	263	4	the	the	DET
fsr-3478	263	5	distributions	distribution	NOUN
fsr-3478	263	6	were	be	AUX
fsr-3478	263	7	set	set	VERB
fsr-3478	263	8	to	to	PART
fsr-3478	263	9	ensure	ensure	VERB
fsr-3478	263	10	consistency	consistency	NOUN
fsr-3478	263	11	with	with	ADP
fsr-3478	263	12	the	the	DET
fsr-3478	263	13	desired	desire	VERB
fsr-3478	263	14	mean	mean	NOUN
fsr-3478	263	15	and	and	CCONJ
fsr-3478	263	16	standard	standard	ADJ
fsr-3478	263	17	deviation	deviation	NOUN
fsr-3478	263	18	,	,	PUNCT
fsr-3478	263	19	and	and	CCONJ
fsr-3478	263	20	reasonable	reasonable	ADJ
fsr-3478	263	21	boundaries	boundary	NOUN
fsr-3478	263	22	were	be	AUX
fsr-3478	263	23	established	establish	VERB
fsr-3478	263	24	.	.	PUNCT
fsr-3478	264	1	thus	thus	ADV
fsr-3478	264	2	,	,	PUNCT
fsr-3478	264	3	each	each	PRON
fsr-3478	264	4	of	of	ADP
fsr-3478	264	5	the	the	DET
fsr-3478	264	6	75	75	NUM
fsr-3478	264	7	previously	previously	ADV
fsr-3478	264	8	mentioned	mention	VERB
fsr-3478	264	9	scenarios	scenario	NOUN
fsr-3478	264	10	were	be	AUX
fsr-3478	264	11	tested	test	VERB
fsr-3478	264	12	using	use	VERB
fsr-3478	264	13	four	four	NUM
fsr-3478	264	14	different	different	ADJ
fsr-3478	264	15	returns	return	NOUN
fsr-3478	264	16	distributions	distribution	NOUN
fsr-3478	264	17	.	.	PUNCT
fsr-3478	265	1	continuing	continue	VERB
fsr-3478	265	2	our	our	PRON
fsr-3478	265	3	prior	prior	ADJ
fsr-3478	265	4	example	example	NOUN
fsr-3478	265	5	,	,	PUNCT
fsr-3478	265	6	we	we	PRON
fsr-3478	265	7	define	define	VERB
fsr-3478	265	8	a	a	DET
fsr-3478	265	9	retirement	retirement	NOUN
fsr-3478	265	10	portfolio	portfolio	NOUN
fsr-3478	265	11	to	to	PART
fsr-3478	265	12	be	be	AUX
fsr-3478	265	13	a	a	DET
fsr-3478	265	14	success	success	NOUN
fsr-3478	265	15	if	if	SCONJ
fsr-3478	265	16	2.5	2.5	NUM
fsr-3478	265	17	%	%	NOUN
fsr-3478	265	18	withdrawals	withdrawal	NOUN
fsr-3478	265	19	from	from	ADP
fsr-3478	265	20	a	a	DET
fsr-3478	265	21	conservative	conservative	ADJ
fsr-3478	265	22	portfolio	portfolio	NOUN
fsr-3478	265	23	could	could	AUX
fsr-3478	265	24	be	be	AUX
fsr-3478	265	25	sustained	sustain	VERB
fsr-3478	265	26	over	over	ADP
fsr-3478	265	27	a	a	DET
fsr-3478	265	28	23	23	NUM
fsr-3478	265	29	-	-	PUNCT
fsr-3478	265	30	year	year	NOUN
fsr-3478	265	31	retirement	retirement	NOUN
fsr-3478	265	32	horizon	horizon	NOUN
fsr-3478	265	33	,	,	PUNCT
fsr-3478	265	34	when	when	SCONJ
fsr-3478	265	35	realized	realize	VERB
fsr-3478	265	36	returns	return	NOUN
fsr-3478	265	37	followed	follow	VERB
fsr-3478	265	38	the	the	DET
fsr-3478	265	39	beta	beta	ADJ
fsr-3478	265	40	distribution	distribution	NOUN
fsr-3478	265	41	.	.	PUNCT
fsr-3478	266	1	in	in	ADP
fsr-3478	266	2	such	such	ADJ
fsr-3478	266	3	cases	case	NOUN
fsr-3478	266	4	we	we	PRON
fsr-3478	266	5	assign	assign	VERB
fsr-3478	266	6	outcome	outcome	NOUN
fsr-3478	266	7	=	=	NOUN
fsr-3478	266	8	1	1	NUM
fsr-3478	266	9	,	,	PUNCT
fsr-3478	266	10	and	and	CCONJ
fsr-3478	266	11	in	in	ADP
fsr-3478	266	12	cases	case	NOUN
fsr-3478	266	13	where	where	SCONJ
fsr-3478	266	14	the	the	DET
fsr-3478	266	15	retirement	retirement	NOUN
fsr-3478	266	16	portfolio	portfolio	NOUN
fsr-3478	266	17	is	be	AUX
fsr-3478	266	18	prematurely	prematurely	ADV
fsr-3478	266	19	depleted	deplete	VERB
fsr-3478	266	20	before	before	ADP
fsr-3478	266	21	the	the	DET
fsr-3478	266	22	end	end	NOUN
fsr-3478	266	23	of	of	ADP
fsr-3478	266	24	the	the	DET
fsr-3478	266	25	retirement	retirement	NOUN
fsr-3478	266	26	horizon	horizon	NOUN
fsr-3478	266	27	,	,	PUNCT
fsr-3478	266	28	we	we	PRON
fsr-3478	266	29	assign	assign	VERB
fsr-3478	266	30	outcome=	outcome=	NUM
fsr-3478	266	31	0	0	NUM
fsr-3478	266	32	.	.	PUNCT
fsr-3478	267	1	this	this	PRON
fsr-3478	267	2	gives	give	VERB
fsr-3478	267	3	us	we	PRON
fsr-3478	267	4	a	a	DET
fsr-3478	267	5	total	total	NOUN
fsr-3478	267	6	of	of	ADP
fsr-3478	267	7	75	75	NUM
fsr-3478	267	8	�	�	NOUN
fsr-3478	267	9	4	4	NUM
fsr-3478	267	10	=	=	SYM
fsr-3478	267	11	300	300	NUM
fsr-3478	267	12	retirement	retirement	NOUN
fsr-3478	267	13	experiences	experience	NOUN
fsr-3478	267	14	,	,	PUNCT
fsr-3478	267	15	reflecting	reflect	VERB
fsr-3478	267	16	both	both	DET
fsr-3478	267	17	the	the	DET
fsr-3478	267	18	choices	choice	NOUN
fsr-3478	267	19	the	the	DET
fsr-3478	267	20	retiree	retiree	NOUN
fsr-3478	267	21	has	have	AUX
fsr-3478	267	22	made	make	VERB
fsr-3478	267	23	and	and	CCONJ
fsr-3478	267	24	the	the	DET
fsr-3478	267	25	returns	return	NOUN
fsr-3478	267	26	uncertainty	uncertainty	NOUN
fsr-3478	267	27	that	that	PRON
fsr-3478	267	28	impacts	impact	VERB
fsr-3478	267	29	portfolio	portfolio	NOUN
fsr-3478	267	30	outcomes	outcome	NOUN
fsr-3478	267	31	.	.	PUNCT
fsr-3478	268	1	another	another	PRON
fsr-3478	268	2	returns	return	VERB
fsr-3478	268	3	uncertainty	uncertainty	NOUN
fsr-3478	268	4	that	that	SCONJ
fsr-3478	268	5	we	we	PRON
fsr-3478	268	6	considered	consider	VERB
fsr-3478	268	7	in	in	ADP
fsr-3478	268	8	the	the	DET
fsr-3478	268	9	analysis	analysis	NOUN
fsr-3478	268	10	is	be	AUX
fsr-3478	268	11	that	that	SCONJ
fsr-3478	268	12	portfolio	portfolio	NOUN
fsr-3478	268	13	outcomes	outcome	NOUN
fsr-3478	268	14	may	may	AUX
fsr-3478	268	15	also	also	ADV
fsr-3478	268	16	be	be	AUX
fsr-3478	268	17	impacted	impact	VERB
fsr-3478	268	18	by	by	ADP
fsr-3478	268	19	the	the	DET
fsr-3478	268	20	sequence	sequence	NOUN
fsr-3478	268	21	of	of	ADP
fsr-3478	268	22	returns	return	NOUN
fsr-3478	268	23	obtained	obtain	VERB
fsr-3478	268	24	.	.	PUNCT
fsr-3478	269	1	a	a	DET
fsr-3478	269	2	sequence	sequence	NOUN
fsr-3478	269	3	of	of	ADP
fsr-3478	269	4	large	large	ADJ
fsr-3478	269	5	negative	negative	ADJ
fsr-3478	269	6	returns	return	NOUN
fsr-3478	269	7	early	early	ADV
fsr-3478	269	8	in	in	ADP
fsr-3478	269	9	the	the	DET
fsr-3478	269	10	retirement	retirement	NOUN
fsr-3478	269	11	period	period	NOUN
fsr-3478	269	12	may	may	AUX
fsr-3478	269	13	hasten	hasten	VERB
fsr-3478	269	14	portfolio	portfolio	NOUN
fsr-3478	269	15	depletion	depletion	NOUN
fsr-3478	269	16	.	.	PUNCT
fsr-3478	270	1	sequence	sequence	NOUN
fsr-3478	270	2	risk	risk	NOUN
fsr-3478	270	3	(	(	PUNCT
fsr-3478	270	4	or	or	CCONJ
fsr-3478	270	5	serial	serial	ADJ
fsr-3478	270	6	returns	return	NOUN
fsr-3478	270	7	risk	risk	NOUN
fsr-3478	270	8	)	)	PUNCT
fsr-3478	270	9	refers	refer	VERB
fsr-3478	270	10	to	to	ADP
fsr-3478	270	11	the	the	DET
fsr-3478	270	12	risk	risk	NOUN
fsr-3478	270	13	of	of	ADP
fsr-3478	270	14	premature	premature	ADJ
fsr-3478	270	15	portfolio	portfolio	NOUN
fsr-3478	270	16	depletion	depletion	NOUN
fsr-3478	270	17	caused	cause	VERB
fsr-3478	270	18	by	by	ADP
fsr-3478	270	19	a	a	DET
fsr-3478	270	20	combination	combination	NOUN
fsr-3478	270	21	of	of	ADP
fsr-3478	270	22	withdrawals	withdrawal	NOUN
fsr-3478	270	23	and	and	CCONJ
fsr-3478	270	24	significant	significant	ADJ
fsr-3478	270	25	negative	negative	ADJ
fsr-3478	270	26	returns	return	NOUN
fsr-3478	270	27	early	early	ADV
fsr-3478	270	28	in	in	ADP
fsr-3478	270	29	retirement	retirement	NOUN
fsr-3478	270	30	.	.	PUNCT
fsr-3478	271	1	we	we	PRON
fsr-3478	271	2	proxy	proxy	VERB
fsr-3478	271	3	for	for	ADP
fsr-3478	271	4	sequence	sequence	NOUN
fsr-3478	271	5	risk	risk	NOUN
fsr-3478	271	6	by	by	ADP
fsr-3478	271	7	constructing	construct	VERB
fsr-3478	271	8	an	an	DET
fsr-3478	271	9	early	early	ADJ
fsr-3478	271	10	experience	experience	NOUN
fsr-3478	271	11	variable	variable	NOUN
fsr-3478	271	12	,	,	PUNCT
fsr-3478	271	13	defined	define	VERB
fsr-3478	271	14	as	as	ADP
fsr-3478	271	15	:	:	PUNCT
fsr-3478	271	16	early	early	ADJ
fsr-3478	271	17	experience	experience	NOUN
fsr-3478	271	18	¼	¼	NOUN
fsr-3478	271	19	observed	observe	VERB
fsr-3478	271	20	balance	balance	NOUN
fsr-3478	271	21	5	5	NUM
fsr-3478	271	22	,	,	PUNCT
fsr-3478	271	23	2:5	2:5	NUM
fsr-3478	271	24	%	%	NOUN
fsr-3478	271	25	,	,	PUNCT
fsr-3478	271	26	3:1	3:1	NUM
fsr-3478	271	27	%	%	NOUN
fsr-3478	271	28	,	,	PUNCT
fsr-3478	271	29	12%ð	12%ð	PROPN
fsr-3478	271	30	þ	þ	PROPN
fsr-3478	271	31	expected	expect	VERB
fsr-3478	271	32	balance	balance	NOUN
fsr-3478	271	33	5	5	NUM
fsr-3478	271	34	,	,	PUNCT
fsr-3478	271	35	2:5	2:5	NUM
fsr-3478	271	36	%	%	NOUN
fsr-3478	271	37	,	,	PUNCT
fsr-3478	271	38	3:1	3:1	NUM
fsr-3478	271	39	%	%	NOUN
fsr-3478	271	40	,	,	PUNCT
fsr-3478	271	41	0%ð	0%ð	ADJ
fsr-3478	271	42	þ	þ	NOUN
fsr-3478	271	43	where	where	SCONJ
fsr-3478	271	44	,	,	PUNCT
fsr-3478	271	45	the	the	DET
fsr-3478	271	46	numerator	numerator	NOUN
fsr-3478	271	47	is	be	AUX
fsr-3478	271	48	the	the	DET
fsr-3478	271	49	observed	observed	ADJ
fsr-3478	271	50	portfolio	portfolio	NOUN
fsr-3478	271	51	balance	balance	NOUN
fsr-3478	271	52	at	at	ADP
fsr-3478	271	53	the	the	DET
fsr-3478	271	54	end	end	NOUN
fsr-3478	271	55	of	of	ADP
fsr-3478	271	56	the	the	DET
fsr-3478	271	57	fifth	fifth	ADJ
fsr-3478	271	58	year	year	NOUN
fsr-3478	271	59	after	after	ADP
fsr-3478	271	60	2.5	2.5	NUM
fsr-3478	271	61	%	%	NOUN
fsr-3478	271	62	withdrawals	withdrawal	NOUN
fsr-3478	271	63	each	each	DET
fsr-3478	271	64	year	year	NOUN
fsr-3478	271	65	from	from	ADP
fsr-3478	271	66	a	a	DET
fsr-3478	271	67	conservative	conservative	ADJ
fsr-3478	271	68	portfolio	portfolio	NOUN
fsr-3478	271	69	earning	earn	VERB
fsr-3478	271	70	3.1	3.1	NUM
fsr-3478	271	71	%	%	NOUN
fsr-3478	271	72	average	average	ADJ
fsr-3478	271	73	real	real	ADJ
fsr-3478	271	74	returns	return	NOUN
fsr-3478	271	75	that	that	PRON
fsr-3478	271	76	follow	follow	VERB
fsr-3478	271	77	the	the	DET
fsr-3478	271	78	beta	beta	ADJ
fsr-3478	271	79	distribution	distribution	NOUN
fsr-3478	271	80	with	with	ADP
fsr-3478	271	81	a	a	DET
fsr-3478	271	82	standard	standard	ADJ
fsr-3478	271	83	deviation	deviation	NOUN
fsr-3478	271	84	of	of	ADP
fsr-3478	271	85	12	12	NUM
fsr-3478	271	86	%	%	NOUN
fsr-3478	271	87	,	,	PUNCT
fsr-3478	271	88	while	while	SCONJ
fsr-3478	271	89	the	the	DET
fsr-3478	271	90	denominator	denominator	NOUN
fsr-3478	271	91	is	be	AUX
fsr-3478	271	92	what	what	PRON
fsr-3478	271	93	the	the	DET
fsr-3478	271	94	balance	balance	NOUN
fsr-3478	271	95	would	would	AUX
fsr-3478	271	96	be	be	AUX
fsr-3478	271	97	assuming	assume	VERB
fsr-3478	271	98	certainty	certainty	NOUN
fsr-3478	271	99	in	in	ADP
fsr-3478	271	100	portfolio	portfolio	NOUN
fsr-3478	271	101	returns	return	NOUN
fsr-3478	271	102	.	.	PUNCT
fsr-3478	272	1	a	a	DET
fsr-3478	272	2	better	well	ADJ
fsr-3478	272	3	early	early	ADJ
fsr-3478	272	4	experience	experience	NOUN
fsr-3478	272	5	implies	imply	VERB
fsr-3478	272	6	a	a	DET
fsr-3478	272	7	greater	great	ADJ
fsr-3478	272	8	probability	probability	NOUN
fsr-3478	272	9	of	of	ADP
fsr-3478	272	10	portfolio	portfolio	NOUN
fsr-3478	272	11	success	success	NOUN
fsr-3478	272	12	,	,	PUNCT
fsr-3478	272	13	and	and	CCONJ
fsr-3478	272	14	we	we	PRON
fsr-3478	272	15	would	would	AUX
fsr-3478	272	16	expect	expect	VERB
fsr-3478	272	17	a	a	DET
fsr-3478	272	18	positive	positive	ADJ
fsr-3478	272	19	relation	relation	NOUN
fsr-3478	272	20	between	between	ADP
fsr-3478	272	21	the	the	DET
fsr-3478	272	22	early	early	ADJ
fsr-3478	272	23	experience	experience	NOUN
fsr-3478	272	24	variable	variable	NOUN
fsr-3478	272	25	and	and	CCONJ
fsr-3478	272	26	the	the	DET
fsr-3478	272	27	outcome	outcome	NOUN
fsr-3478	272	28	variable	variable	NOUN
fsr-3478	272	29	.	.	PUNCT
fsr-3478	273	1	the	the	DET
fsr-3478	273	2	observed	observed	ADJ
fsr-3478	273	3	portfolio	portfolio	NOUN
fsr-3478	273	4	balance	balance	NOUN
fsr-3478	273	5	at	at	ADP
fsr-3478	273	6	the	the	DET
fsr-3478	273	7	end	end	NOUN
fsr-3478	273	8	of	of	ADP
fsr-3478	273	9	the	the	DET
fsr-3478	273	10	fifth	fifth	ADJ
fsr-3478	273	11	year	year	NOUN
fsr-3478	273	12	and	and	CCONJ
fsr-3478	273	13	the	the	DET
fsr-3478	273	14	value	value	NOUN
fsr-3478	273	15	of	of	ADP
fsr-3478	273	16	the	the	DET
fsr-3478	273	17	early	early	ADJ
fsr-3478	273	18	experience	experience	NOUN
fsr-3478	273	19	variable	variable	NOUN
fsr-3478	273	20	at	at	ADP
fsr-3478	273	21	the	the	DET
fsr-3478	273	22	end	end	NOUN
fsr-3478	273	23	of	of	ADP
fsr-3478	273	24	the	the	DET
fsr-3478	273	25	fifth	fifth	ADJ
fsr-3478	273	26	year	year	NOUN
fsr-3478	273	27	are	be	AUX
fsr-3478	273	28	presented	present	VERB
fsr-3478	273	29	in	in	ADP
fsr-3478	273	30	table	table	NOUN
fsr-3478	273	31	2	2	NUM
fsr-3478	273	32	.	.	PUNCT
fsr-3478	274	1	the	the	DET
fsr-3478	274	2	process	process	NOUN
fsr-3478	274	3	described	describe	VERB
fsr-3478	274	4	above	above	ADV
fsr-3478	274	5	was	be	AUX
fsr-3478	274	6	repeated	repeat	VERB
fsr-3478	274	7	100	100	NUM
fsr-3478	274	8	times	time	NOUN
fsr-3478	274	9	.	.	PUNCT
fsr-3478	275	1	thus	thus	ADV
fsr-3478	275	2	,	,	PUNCT
fsr-3478	275	3	the	the	DET
fsr-3478	275	4	300	300	NUM
fsr-3478	275	5	retirement	retirement	NOUN
fsr-3478	275	6	experiences	experience	NOUN
fsr-3478	275	7	simulated	simulate	VERB
fsr-3478	275	8	100	100	NUM
fsr-3478	275	9	times	time	NOUN
fsr-3478	275	10	each	each	PRON
fsr-3478	275	11	gives	give	VERB
fsr-3478	275	12	us	we	PRON
fsr-3478	275	13	300	300	NUM
fsr-3478	275	14	�	�	PROPN
fsr-3478	275	15	100	100	NUM
fsr-3478	275	16	=	=	SYM
fsr-3478	275	17	30,000	30,000	NUM
fsr-3478	275	18	portfolio	portfolio	NOUN
fsr-3478	275	19	outcomes	outcome	NOUN
fsr-3478	275	20	.	.	PUNCT
fsr-3478	276	1	another	another	DET
fsr-3478	276	2	way	way	NOUN
fsr-3478	276	3	of	of	ADP
fsr-3478	276	4	thinking	think	VERB
fsr-3478	276	5	about	about	ADP
fsr-3478	276	6	this	this	PRON
fsr-3478	276	7	is	be	AUX
fsr-3478	276	8	that	that	SCONJ
fsr-3478	276	9	the	the	DET
fsr-3478	276	10	simulations	simulation	NOUN
fsr-3478	276	11	are	be	AUX
fsr-3478	276	12	a	a	DET
fsr-3478	276	13	way	way	NOUN
fsr-3478	276	14	of	of	ADP
fsr-3478	276	15	testing	test	VERB
fsr-3478	276	16	the	the	DET
fsr-3478	276	17	retirement	retirement	NOUN
fsr-3478	276	18	scenarios	scenario	NOUN
fsr-3478	276	19	to	to	PART
fsr-3478	276	20	see	see	VERB
fsr-3478	276	21	the	the	DET
fsr-3478	276	22	potential	potential	ADJ
fsr-3478	276	23	outcome	outcome	NOUN
fsr-3478	276	24	of	of	ADP
fsr-3478	276	25	many	many	ADJ
fsr-3478	276	26	possible	possible	ADJ
fsr-3478	276	27	trajectories	trajectory	NOUN
fsr-3478	276	28	and	and	CCONJ
fsr-3478	276	29	to	to	PART
fsr-3478	276	30	gauge	gauge	VERB
fsr-3478	276	31	how	how	SCONJ
fsr-3478	276	32	vulnerable	vulnerable	ADJ
fsr-3478	276	33	the	the	DET
fsr-3478	276	34	scenarios	scenario	NOUN
fsr-3478	276	35	are	be	AUX
fsr-3478	276	36	to	to	ADP
fsr-3478	276	37	portfolio	portfolio	NOUN
fsr-3478	276	38	failure	failure	NOUN
fsr-3478	276	39	.	.	PUNCT
fsr-3478	277	1	our	our	PRON
fsr-3478	277	2	model	model	NOUN
fsr-3478	277	3	is	be	AUX
fsr-3478	277	4	consistent	consistent	ADJ
fsr-3478	277	5	with	with	ADP
fsr-3478	277	6	pfau	pfau	NOUN
fsr-3478	277	7	(	(	PUNCT
fsr-3478	277	8	2012	2012	NUM
fsr-3478	277	9	)	)	PUNCT
fsr-3478	277	10	in	in	ADP
fsr-3478	277	11	that	that	DET
fsr-3478	277	12	portfolio	portfolio	NOUN
fsr-3478	277	13	success	success	NOUN
fsr-3478	277	14	is	be	AUX
fsr-3478	277	15	dependent	dependent	ADJ
fsr-3478	277	16	on	on	ADP
fsr-3478	277	17	the	the	DET
fsr-3478	277	18	interaction	interaction	NOUN
fsr-3478	277	19	of	of	ADP
fsr-3478	277	20	withdrawal	withdrawal	NOUN
fsr-3478	277	21	rates	rate	NOUN
fsr-3478	277	22	,	,	PUNCT
fsr-3478	277	23	capital	capital	NOUN
fsr-3478	277	24	market	market	NOUN
fsr-3478	277	25	conditions	condition	NOUN
fsr-3478	277	26	,	,	PUNCT
fsr-3478	277	27	retirement	retirement	NOUN
fsr-3478	277	28	durations	duration	NOUN
fsr-3478	277	29	,	,	PUNCT
fsr-3478	277	30	and	and	CCONJ
fsr-3478	277	31	asset	asset	NOUN
fsr-3478	277	32	allocation	allocation	NOUN
fsr-3478	277	33	,	,	PUNCT
fsr-3478	277	34	and	and	CCONJ
fsr-3478	277	35	the	the	DET
fsr-3478	277	36	spitzer	spitzer	NOUN
fsr-3478	277	37	,	,	PUNCT
fsr-3478	277	38	strieter	strieter	PROPN
fsr-3478	277	39	,	,	PUNCT
fsr-3478	277	40	and	and	CCONJ
fsr-3478	277	41	singh	singh	PROPN
fsr-3478	277	42	(	(	PUNCT
fsr-3478	277	43	2007	2007	NUM
fsr-3478	277	44	)	)	PUNCT
fsr-3478	277	45	m.	m.	NOUN
fsr-3478	277	46	athavale	athavale	PROPN
fsr-3478	277	47	et	et	PROPN
fsr-3478	277	48	al	al	PROPN
fsr-3478	277	49	.	.	PUNCT
fsr-3478	277	50	/	/	SYM
fsr-3478	277	51	financial	financial	ADJ
fsr-3478	277	52	services	service	NOUN
fsr-3478	277	53	review	review	VERB
fsr-3478	277	54	30	30	NUM
fsr-3478	277	55	(	(	PUNCT
fsr-3478	277	56	2022	2022	NUM
fsr-3478	277	57	)	)	PUNCT
fsr-3478	278	1	125–143	125–143	NUM
fsr-3478	278	2	135	135	NUM
fsr-3478	278	3	assertion	assertion	NOUN
fsr-3478	278	4	that	that	SCONJ
fsr-3478	278	5	a	a	DET
fsr-3478	278	6	blanket	blanket	NOUN
fsr-3478	278	7	four	four	NUM
fsr-3478	278	8	percentage	percentage	NOUN
fsr-3478	278	9	withdrawal	withdrawal	NOUN
fsr-3478	278	10	rule	rule	NOUN
fsr-3478	278	11	may	may	AUX
fsr-3478	278	12	be	be	AUX
fsr-3478	278	13	an	an	DET
fsr-3478	278	14	oversimplification	oversimplification	NOUN
fsr-3478	278	15	of	of	ADP
fsr-3478	278	16	a	a	DET
fsr-3478	278	17	complex	complex	ADJ
fsr-3478	278	18	set	set	NOUN
fsr-3478	278	19	of	of	ADP
fsr-3478	278	20	circumstances	circumstance	NOUN
fsr-3478	278	21	.	.	PUNCT
fsr-3478	279	1	5	5	X
fsr-3478	279	2	.	.	X
fsr-3478	279	3	descriptive	descriptive	ADJ
fsr-3478	279	4	statistics	statistic	NOUN
fsr-3478	279	5	and	and	CCONJ
fsr-3478	279	6	empirical	empirical	ADJ
fsr-3478	279	7	results	result	NOUN
fsr-3478	279	8	the	the	DET
fsr-3478	279	9	frequency	frequency	NOUN
fsr-3478	279	10	of	of	ADP
fsr-3478	279	11	success	success	NOUN
fsr-3478	279	12	(	(	PUNCT
fsr-3478	279	13	outcome=	outcome=	NUM
fsr-3478	279	14	1	1	NUM
fsr-3478	279	15	)	)	PUNCT
fsr-3478	279	16	or	or	CCONJ
fsr-3478	279	17	failure	failure	NOUN
fsr-3478	279	18	(	(	PUNCT
fsr-3478	279	19	outcome=	outcome=	NUM
fsr-3478	279	20	0	0	NUM
fsr-3478	279	21	)	)	PUNCT
fsr-3478	279	22	among	among	ADP
fsr-3478	279	23	the	the	DET
fsr-3478	279	24	30,000	30,000	NUM
fsr-3478	279	25	portfolio	portfolio	NOUN
fsr-3478	279	26	outcomes	outcome	NOUN
fsr-3478	279	27	described	describe	VERB
fsr-3478	279	28	in	in	ADP
fsr-3478	279	29	the	the	DET
fsr-3478	279	30	previous	previous	ADJ
fsr-3478	279	31	section	section	NOUN
fsr-3478	279	32	is	be	AUX
fsr-3478	279	33	presented	present	VERB
fsr-3478	279	34	in	in	ADP
fsr-3478	279	35	table	table	NOUN
fsr-3478	279	36	3	3	NUM
fsr-3478	279	37	.	.	PUNCT
fsr-3478	280	1	portfolio	portfolio	NOUN
fsr-3478	280	2	success	success	NOUN
fsr-3478	280	3	occurred	occur	VERB
fsr-3478	280	4	83.3	83.3	NUM
fsr-3478	280	5	%	%	NOUN
fsr-3478	280	6	(	(	PUNCT
fsr-3478	280	7	24,989	24,989	NUM
fsr-3478	280	8	of	of	ADP
fsr-3478	280	9	30,000	30,000	NUM
fsr-3478	280	10	)	)	PUNCT
fsr-3478	280	11	of	of	ADP
fsr-3478	280	12	the	the	DET
fsr-3478	280	13	time	time	NOUN
fsr-3478	280	14	among	among	ADP
fsr-3478	280	15	the	the	DET
fsr-3478	280	16	observed	observed	ADJ
fsr-3478	280	17	portfolio	portfolio	NOUN
fsr-3478	280	18	outcomes	outcome	NOUN
fsr-3478	280	19	.	.	PUNCT
fsr-3478	281	1	the	the	DET
fsr-3478	281	2	aggressive	aggressive	ADJ
fsr-3478	281	3	portfolio	portfolio	NOUN
fsr-3478	281	4	had	have	VERB
fsr-3478	281	5	an	an	DET
fsr-3478	281	6	average	average	ADJ
fsr-3478	281	7	success	success	NOUN
fsr-3478	281	8	rate	rate	NOUN
fsr-3478	281	9	of	of	ADP
fsr-3478	281	10	87.83	87.83	NUM
fsr-3478	281	11	%	%	NOUN
fsr-3478	281	12	(	(	PUNCT
fsr-3478	281	13	8,783	8,783	NUM
fsr-3478	281	14	of	of	ADP
fsr-3478	281	15	10,000	10,000	NUM
fsr-3478	281	16	)	)	PUNCT
fsr-3478	281	17	while	while	SCONJ
fsr-3478	281	18	the	the	DET
fsr-3478	281	19	conservative	conservative	ADJ
fsr-3478	281	20	portfolio	portfolio	NOUN
fsr-3478	281	21	has	have	VERB
fsr-3478	281	22	a	a	DET
fsr-3478	281	23	success	success	NOUN
fsr-3478	281	24	rate	rate	NOUN
fsr-3478	281	25	of	of	ADP
fsr-3478	281	26	76.34	76.34	NUM
fsr-3478	281	27	%	%	NOUN
fsr-3478	281	28	.	.	PUNCT
fsr-3478	282	1	as	as	SCONJ
fsr-3478	282	2	expected	expect	VERB
fsr-3478	282	3	,	,	PUNCT
fsr-3478	282	4	the	the	DET
fsr-3478	282	5	portfolio	portfolio	NOUN
fsr-3478	282	6	with	with	ADP
fsr-3478	282	7	a	a	DET
fsr-3478	282	8	2.50	2.50	NUM
fsr-3478	282	9	%	%	NOUN
fsr-3478	282	10	withdrawal	withdrawal	NOUN
fsr-3478	282	11	rate	rate	NOUN
fsr-3478	282	12	had	have	VERB
fsr-3478	282	13	an	an	DET
fsr-3478	282	14	average	average	ADJ
fsr-3478	282	15	success	success	NOUN
fsr-3478	282	16	rate	rate	NOUN
fsr-3478	282	17	of	of	ADP
fsr-3478	282	18	99.13	99.13	NUM
fsr-3478	282	19	%	%	NOUN
fsr-3478	282	20	(	(	PUNCT
fsr-3478	282	21	5,948	5,948	NUM
fsr-3478	282	22	of	of	ADP
fsr-3478	282	23	6,000	6,000	NUM
fsr-3478	282	24	)	)	PUNCT
fsr-3478	282	25	while	while	SCONJ
fsr-3478	282	26	the	the	DET
fsr-3478	282	27	portfolio	portfolio	NOUN
fsr-3478	282	28	with	with	ADP
fsr-3478	282	29	a	a	DET
fsr-3478	282	30	5.50	5.50	NUM
fsr-3478	282	31	%	%	NOUN
fsr-3478	282	32	withdrawal	withdrawal	NOUN
fsr-3478	282	33	rate	rate	NOUN
fsr-3478	282	34	had	have	VERB
fsr-3478	282	35	a	a	DET
fsr-3478	282	36	success	success	NOUN
fsr-3478	282	37	rate	rate	NOUN
fsr-3478	282	38	of	of	ADP
fsr-3478	282	39	59.08	59.08	NUM
fsr-3478	282	40	%	%	NOUN
fsr-3478	282	41	.	.	PUNCT
fsr-3478	283	1	and	and	CCONJ
fsr-3478	283	2	finally	finally	ADV
fsr-3478	283	3	,	,	PUNCT
fsr-3478	283	4	as	as	SCONJ
fsr-3478	283	5	expected	expect	VERB
fsr-3478	283	6	,	,	PUNCT
fsr-3478	283	7	the	the	DET
fsr-3478	283	8	portfolio	portfolio	NOUN
fsr-3478	283	9	with	with	ADP
fsr-3478	283	10	a	a	DET
fsr-3478	283	11	23	23	NUM
fsr-3478	283	12	-	-	PUNCT
fsr-3478	283	13	year	year	NOUN
fsr-3478	283	14	planning	planning	NOUN
fsr-3478	283	15	horizon	horizon	NOUN
fsr-3478	283	16	had	have	VERB
fsr-3478	283	17	an	an	DET
fsr-3478	283	18	average	average	ADJ
fsr-3478	283	19	success	success	NOUN
fsr-3478	283	20	rate	rate	NOUN
fsr-3478	283	21	of	of	ADP
fsr-3478	283	22	91.3	91.3	NUM
fsr-3478	283	23	%	%	NOUN
fsr-3478	283	24	(	(	PUNCT
fsr-3478	283	25	5,478	5,478	NUM
fsr-3478	283	26	of	of	ADP
fsr-3478	283	27	6,000	6,000	NUM
fsr-3478	283	28	)	)	PUNCT
fsr-3478	283	29	while	while	SCONJ
fsr-3478	283	30	the	the	DET
fsr-3478	283	31	portfolio	portfolio	NOUN
fsr-3478	283	32	with	with	ADP
fsr-3478	283	33	a	a	DET
fsr-3478	283	34	35	35	NUM
fsr-3478	283	35	-	-	PUNCT
fsr-3478	283	36	year	year	NOUN
fsr-3478	283	37	horizon	horizon	NOUN
fsr-3478	283	38	had	have	VERB
fsr-3478	283	39	a	a	DET
fsr-3478	283	40	success	success	NOUN
fsr-3478	283	41	rate	rate	NOUN
fsr-3478	283	42	of	of	ADP
fsr-3478	283	43	75.73	75.73	NUM
fsr-3478	283	44	%	%	NOUN
fsr-3478	283	45	.	.	PUNCT
fsr-3478	284	1	we	we	PRON
fsr-3478	284	2	had	have	AUX
fsr-3478	284	3	previously	previously	ADV
fsr-3478	284	4	indicated	indicate	VERB
fsr-3478	284	5	that	that	SCONJ
fsr-3478	284	6	the	the	DET
fsr-3478	284	7	retiree	retiree	NOUN
fsr-3478	284	8	decides	decide	VERB
fsr-3478	284	9	about	about	ADP
fsr-3478	284	10	portfolio	portfolio	NOUN
fsr-3478	284	11	allocation	allocation	NOUN
fsr-3478	284	12	(	(	PUNCT
fsr-3478	284	13	based	base	VERB
fsr-3478	284	14	on	on	ADP
fsr-3478	284	15	risk	risk	NOUN
fsr-3478	284	16	tolerance	tolerance	NOUN
fsr-3478	284	17	)	)	PUNCT
fsr-3478	284	18	,	,	PUNCT
fsr-3478	284	19	withdrawal	withdrawal	NOUN
fsr-3478	284	20	rate	rate	NOUN
fsr-3478	284	21	(	(	PUNCT
fsr-3478	284	22	based	base	VERB
fsr-3478	284	23	on	on	ADP
fsr-3478	284	24	consumption	consumption	NOUN
fsr-3478	284	25	needs	need	NOUN
fsr-3478	284	26	)	)	PUNCT
fsr-3478	284	27	,	,	PUNCT
fsr-3478	284	28	and	and	CCONJ
fsr-3478	284	29	retirement	retirement	NOUN
fsr-3478	284	30	horizon	horizon	NOUN
fsr-3478	284	31	(	(	PUNCT
fsr-3478	284	32	based	base	VERB
fsr-3478	284	33	on	on	ADP
fsr-3478	284	34	expected	expect	VERB
fsr-3478	284	35	life	life	NOUN
fsr-3478	284	36	expectancy	expectancy	NOUN
fsr-3478	284	37	and	and	CCONJ
fsr-3478	284	38	lifestyle	lifestyle	NOUN
fsr-3478	284	39	choice	choice	NOUN
fsr-3478	284	40	)	)	PUNCT
fsr-3478	284	41	,	,	PUNCT
fsr-3478	284	42	and	and	CCONJ
fsr-3478	284	43	we	we	PRON
fsr-3478	284	44	can	can	AUX
fsr-3478	284	45	disaggregate	disaggregate	VERB
fsr-3478	284	46	the	the	DET
fsr-3478	284	47	observed	observed	ADJ
fsr-3478	284	48	portfolio	portfolio	NOUN
fsr-3478	284	49	success	success	NOUN
fsr-3478	284	50	rates	rate	NOUN
fsr-3478	284	51	using	use	VERB
fsr-3478	284	52	these	these	DET
fsr-3478	284	53	variables	variable	NOUN
fsr-3478	284	54	.	.	PUNCT
fsr-3478	285	1	these	these	PRON
fsr-3478	285	2	disaggregated	disaggregate	VERB
fsr-3478	285	3	observed	observed	ADJ
fsr-3478	285	4	portfolio	portfolio	NOUN
fsr-3478	285	5	success	success	NOUN
fsr-3478	285	6	rates	rate	NOUN
fsr-3478	285	7	are	be	AUX
fsr-3478	285	8	presented	present	VERB
fsr-3478	285	9	in	in	ADP
fsr-3478	285	10	table	table	NOUN
fsr-3478	285	11	4	4	NUM
fsr-3478	285	12	.	.	PUNCT
fsr-3478	285	13	table	table	NOUN
fsr-3478	285	14	2	2	NUM
fsr-3478	285	15	the	the	DET
fsr-3478	285	16	early	early	ADJ
fsr-3478	285	17	(	(	PUNCT
fsr-3478	285	18	returns	return	NOUN
fsr-3478	285	19	)	)	PUNCT
fsr-3478	285	20	experience	experience	NOUN
fsr-3478	285	21	portfolio	portfolio	NOUN
fsr-3478	285	22	allocation	allocation	NOUN
fsr-3478	285	23	withdrawal	withdrawal	PROPN
fsr-3478	285	24	rate	rate	PROPN
fsr-3478	285	25	average	average	PROPN
fsr-3478	285	26	portfolio	portfolio	NOUN
fsr-3478	285	27	balance	balance	NOUN
fsr-3478	285	28	early	early	ADJ
fsr-3478	285	29	experience	experience	NOUN
fsr-3478	285	30	mean	mean	VERB
fsr-3478	285	31	minimum	minimum	ADJ
fsr-3478	285	32	maximum	maximum	ADJ
fsr-3478	285	33	conservative	conservative	ADJ
fsr-3478	285	34	2.50	2.50	NUM
fsr-3478	285	35	%	%	NOUN
fsr-3478	285	36	1,033,998	1,033,998	NUM
fsr-3478	285	37	100.20	100.20	NUM
fsr-3478	285	38	47.78	47.78	NUM
fsr-3478	285	39	170.27	170.27	NUM
fsr-3478	285	40	3.25	3.25	NUM
fsr-3478	285	41	%	%	NOUN
fsr-3478	285	42	994,054	994,054	NUM
fsr-3478	285	43	100.20	100.20	NUM
fsr-3478	285	44	46.39	46.39	NUM
fsr-3478	285	45	172.39	172.39	NUM
fsr-3478	285	46	4.00	4.00	NUM
fsr-3478	285	47	%	%	NOUN
fsr-3478	285	48	954,110	954,110	NUM
fsr-3478	285	49	100.21	100.21	NUM
fsr-3478	285	50	44.89	44.89	NUM
fsr-3478	285	51	174.71	174.71	NUM
fsr-3478	285	52	4.75	4.75	NUM
fsr-3478	285	53	%	%	NOUN
fsr-3478	285	54	914,166	914,166	NUM
fsr-3478	285	55	100.21	100.21	NUM
fsr-3478	285	56	43.26	43.26	NUM
fsr-3478	285	57	177.23	177.23	NUM
fsr-3478	285	58	5.50	5.50	NUM
fsr-3478	285	59	%	%	NOUN
fsr-3478	285	60	874,222	874,222	NUM
fsr-3478	285	61	100.22	100.22	NUM
fsr-3478	285	62	41.47	41.47	NUM
fsr-3478	285	63	179.97	179.97	NUM
fsr-3478	285	64	balanced	balanced	ADJ
fsr-3478	285	65	2.50	2.50	NUM
fsr-3478	285	66	%	%	NOUN
fsr-3478	285	67	1,145,076	1,145,076	NUM
fsr-3478	285	68	100.10	100.10	NUM
fsr-3478	285	69	38.63	38.63	NUM
fsr-3478	285	70	206.12	206.12	NUM
fsr-3478	285	71	3.25	3.25	NUM
fsr-3478	285	72	%	%	NOUN
fsr-3478	285	73	1,103,597	1,103,597	NUM
fsr-3478	285	74	100.10	100.10	NUM
fsr-3478	285	75	37.27	37.27	NUM
fsr-3478	285	76	208.77	208.77	NUM
fsr-3478	285	77	4.00	4.00	NUM
fsr-3478	285	78	%	%	NOUN
fsr-3478	285	79	1,062,118	1,062,118	NUM
fsr-3478	285	80	100.11	100.11	NUM
fsr-3478	285	81	35.80	35.80	NUM
fsr-3478	285	82	211.64	211.64	NUM
fsr-3478	285	83	4.75	4.75	NUM
fsr-3478	285	84	%	%	NOUN
fsr-3478	285	85	1,020,638	1,020,638	NUM
fsr-3478	285	86	100.12	100.12	NUM
fsr-3478	285	87	34.21	34.21	NUM
fsr-3478	285	88	214.73	214.73	NUM
fsr-3478	285	89	5.50	5.50	NUM
fsr-3478	285	90	%	%	NOUN
fsr-3478	285	91	979,159	979,159	NUM
fsr-3478	285	92	100.13	100.13	NUM
fsr-3478	285	93	32.48	32.48	NUM
fsr-3478	285	94	218.10	218.10	NUM
fsr-3478	285	95	aggressive	aggressive	ADJ
fsr-3478	285	96	2.50	2.50	NUM
fsr-3478	285	97	%	%	NOUN
fsr-3478	285	98	1,284,861	1,284,861	NUM
fsr-3478	285	99	101.56	101.56	NUM
fsr-3478	285	100	22.52	22.52	NUM
fsr-3478	285	101	274.61	274.61	NUM
fsr-3478	285	102	3.25	3.25	NUM
fsr-3478	285	103	%	%	NOUN
fsr-3478	285	104	1,241,476	1,241,476	NUM
fsr-3478	285	105	101.61	101.61	NUM
fsr-3478	285	106	21.20	21.20	NUM
fsr-3478	285	107	278.86	278.86	NUM
fsr-3478	285	108	4.00	4.00	NUM
fsr-3478	285	109	%	%	NOUN
fsr-3478	285	110	1,198,091	1,198,091	NUM
fsr-3478	285	111	101.65	101.65	NUM
fsr-3478	285	112	19.77	19.77	NUM
fsr-3478	285	113	283.43	283.43	NUM
fsr-3478	285	114	4.75	4.75	NUM
fsr-3478	285	115	%	%	NOUN
fsr-3478	285	116	1,154,706	1,154,706	NUM
fsr-3478	285	117	101.70	101.70	NUM
fsr-3478	285	118	18.25	18.25	NUM
fsr-3478	285	119	288.35	288.35	NUM
fsr-3478	285	120	5.50	5.50	NUM
fsr-3478	285	121	%	%	NOUN
fsr-3478	285	122	1,111,322	1,111,322	NUM
fsr-3478	285	123	101.75	101.75	NUM
fsr-3478	285	124	16.59	16.59	NUM
fsr-3478	285	125	293.65	293.65	NUM
fsr-3478	285	126	note	note	NOUN
fsr-3478	285	127	.	.	PUNCT
fsr-3478	286	1	this	this	DET
fsr-3478	286	2	table	table	NOUN
fsr-3478	286	3	presents	present	VERB
fsr-3478	286	4	information	information	NOUN
fsr-3478	286	5	about	about	ADP
fsr-3478	286	6	the	the	DET
fsr-3478	286	7	observed	observe	VERB
fsr-3478	286	8	portfolio	portfolio	NOUN
fsr-3478	286	9	balance	balance	NOUN
fsr-3478	286	10	at	at	ADP
fsr-3478	286	11	the	the	DET
fsr-3478	286	12	end	end	NOUN
fsr-3478	286	13	of	of	ADP
fsr-3478	286	14	the	the	DET
fsr-3478	286	15	fifth	fifth	ADJ
fsr-3478	286	16	year	year	NOUN
fsr-3478	286	17	and	and	CCONJ
fsr-3478	286	18	the	the	DET
fsr-3478	286	19	value	value	NOUN
fsr-3478	286	20	of	of	ADP
fsr-3478	286	21	the	the	DET
fsr-3478	286	22	early	early	ADJ
fsr-3478	286	23	experience	experience	NOUN
fsr-3478	286	24	variable	variable	NOUN
fsr-3478	286	25	.	.	PUNCT
fsr-3478	287	1	the	the	DET
fsr-3478	287	2	early	early	ADJ
fsr-3478	287	3	experience	experience	NOUN
fsr-3478	287	4	variable	variable	NOUN
fsr-3478	287	5	is	be	AUX
fsr-3478	287	6	a	a	DET
fsr-3478	287	7	proxy	proxy	NOUN
fsr-3478	287	8	for	for	ADP
fsr-3478	287	9	sequence	sequence	NOUN
fsr-3478	287	10	risk	risk	NOUN
fsr-3478	287	11	which	which	PRON
fsr-3478	287	12	refers	refer	VERB
fsr-3478	287	13	to	to	ADP
fsr-3478	287	14	the	the	DET
fsr-3478	287	15	risk	risk	NOUN
fsr-3478	287	16	of	of	ADP
fsr-3478	287	17	premature	premature	ADJ
fsr-3478	287	18	portfolio	portfolio	NOUN
fsr-3478	287	19	depletion	depletion	NOUN
fsr-3478	287	20	caused	cause	VERB
fsr-3478	287	21	by	by	ADP
fsr-3478	287	22	a	a	DET
fsr-3478	287	23	combination	combination	NOUN
fsr-3478	287	24	of	of	ADP
fsr-3478	287	25	fixed	fix	VERB
fsr-3478	287	26	withdrawals	withdrawal	NOUN
fsr-3478	287	27	and	and	CCONJ
fsr-3478	287	28	significant	significant	ADJ
fsr-3478	287	29	negative	negative	ADJ
fsr-3478	287	30	returns	return	NOUN
fsr-3478	287	31	in	in	ADP
fsr-3478	287	32	the	the	DET
fsr-3478	287	33	early	early	ADJ
fsr-3478	287	34	years	year	NOUN
fsr-3478	287	35	of	of	ADP
fsr-3478	287	36	retirement	retirement	NOUN
fsr-3478	287	37	.	.	PUNCT
fsr-3478	288	1	there	there	PRON
fsr-3478	288	2	are	be	VERB
fsr-3478	288	3	2,000	2,000	NUM
fsr-3478	288	4	observations	observation	NOUN
fsr-3478	288	5	in	in	ADP
fsr-3478	288	6	each	each	PRON
fsr-3478	288	7	of	of	ADP
fsr-3478	288	8	the	the	DET
fsr-3478	288	9	15	15	NUM
fsr-3478	288	10	combinations	combination	NOUN
fsr-3478	288	11	of	of	ADP
fsr-3478	288	12	portfolio	portfolio	NOUN
fsr-3478	288	13	allocation	allocation	NOUN
fsr-3478	288	14	and	and	CCONJ
fsr-3478	288	15	withdrawal	withdrawal	NOUN
fsr-3478	288	16	rate	rate	NOUN
fsr-3478	288	17	for	for	ADP
fsr-3478	288	18	a	a	DET
fsr-3478	288	19	total	total	NOUN
fsr-3478	288	20	of	of	ADP
fsr-3478	288	21	30,000	30,000	NUM
fsr-3478	288	22	observations	observation	NOUN
fsr-3478	288	23	.	.	PUNCT
fsr-3478	289	1	136	136	NUM
fsr-3478	289	2	m.	m.	NOUN
fsr-3478	289	3	athavale	athavale	PROPN
fsr-3478	289	4	et	et	PROPN
fsr-3478	289	5	al	al	PROPN
fsr-3478	289	6	.	.	PUNCT
fsr-3478	289	7	/	/	SYM
fsr-3478	289	8	financial	financial	ADJ
fsr-3478	289	9	services	service	NOUN
fsr-3478	289	10	review	review	VERB
fsr-3478	289	11	30	30	NUM
fsr-3478	289	12	(	(	PUNCT
fsr-3478	289	13	2022	2022	NUM
fsr-3478	289	14	)	)	PUNCT
fsr-3478	290	1	125–143	125–143	NOUN
fsr-3478	290	2	a	a	DET
fsr-3478	290	3	few	few	ADJ
fsr-3478	290	4	observations	observation	NOUN
fsr-3478	290	5	are	be	AUX
fsr-3478	290	6	notable	notable	ADJ
fsr-3478	290	7	.	.	PUNCT
fsr-3478	291	1	a	a	DET
fsr-3478	291	2	withdrawal	withdrawal	NOUN
fsr-3478	291	3	rate	rate	NOUN
fsr-3478	291	4	of	of	ADP
fsr-3478	291	5	2.5	2.5	NUM
fsr-3478	291	6	%	%	NOUN
fsr-3478	291	7	can	can	AUX
fsr-3478	291	8	largely	largely	ADV
fsr-3478	291	9	be	be	AUX
fsr-3478	291	10	sustained	sustain	VERB
fsr-3478	291	11	irrespective	irrespective	ADV
fsr-3478	291	12	of	of	ADP
fsr-3478	291	13	portfolio	portfolio	NOUN
fsr-3478	291	14	allocation	allocation	NOUN
fsr-3478	291	15	and	and	CCONJ
fsr-3478	291	16	retirement	retirement	NOUN
fsr-3478	291	17	horizon	horizon	NOUN
fsr-3478	291	18	.	.	PUNCT
fsr-3478	292	1	however	however	ADV
fsr-3478	292	2	,	,	PUNCT
fsr-3478	292	3	higher	high	ADJ
fsr-3478	292	4	withdrawal	withdrawal	NOUN
fsr-3478	292	5	rates	rate	NOUN
fsr-3478	292	6	(	(	PUNCT
fsr-3478	292	7	5.5	5.5	NUM
fsr-3478	292	8	%	%	NOUN
fsr-3478	292	9	)	)	PUNCT
fsr-3478	292	10	over	over	ADP
fsr-3478	292	11	longer	long	ADJ
fsr-3478	292	12	retirement	retirement	NOUN
fsr-3478	292	13	horizons	horizon	NOUN
fsr-3478	292	14	(	(	PUNCT
fsr-3478	292	15	35	35	NUM
fsr-3478	292	16	years	year	NOUN
fsr-3478	292	17	)	)	PUNCT
fsr-3478	292	18	have	have	VERB
fsr-3478	292	19	a	a	DET
fsr-3478	292	20	success	success	NOUN
fsr-3478	292	21	rate	rate	NOUN
fsr-3478	292	22	of	of	ADP
fsr-3478	292	23	65.5	65.5	NUM
fsr-3478	292	24	%	%	NOUN
fsr-3478	292	25	with	with	ADP
fsr-3478	292	26	an	an	DET
fsr-3478	292	27	table	table	NOUN
fsr-3478	292	28	3	3	NUM
fsr-3478	292	29	frequency	frequency	NOUN
fsr-3478	292	30	table	table	NOUN
fsr-3478	292	31	of	of	ADP
fsr-3478	292	32	observed	observed	ADJ
fsr-3478	292	33	portfolio	portfolio	NOUN
fsr-3478	292	34	outcomes	outcome	NOUN
fsr-3478	292	35	failure	failure	NOUN
fsr-3478	292	36	success	success	NOUN
fsr-3478	292	37	by	by	ADP
fsr-3478	292	38	portfolio	portfolio	NOUN
fsr-3478	292	39	allocation	allocation	NOUN
fsr-3478	292	40	conservative	conservative	ADJ
fsr-3478	292	41	2,366	2,366	NUM
fsr-3478	292	42	7,634	7,634	NUM
fsr-3478	292	43	balanced	balanced	ADJ
fsr-3478	292	44	1,428	1,428	NUM
fsr-3478	292	45	8,572	8,572	NUM
fsr-3478	292	46	aggressive	aggressive	ADJ
fsr-3478	292	47	1,217	1,217	NUM
fsr-3478	292	48	8,783	8,783	NUM
fsr-3478	292	49	5,011	5,011	NUM
fsr-3478	292	50	24,989	24,989	NUM
fsr-3478	292	51	by	by	ADP
fsr-3478	292	52	withdrawal	withdrawal	NOUN
fsr-3478	292	53	rate	rate	NOUN
fsr-3478	292	54	2.50	2.50	NUM
fsr-3478	292	55	%	%	NOUN
fsr-3478	292	56	52	52	NUM
fsr-3478	292	57	5,948	5,948	NUM
fsr-3478	292	58	3.25	3.25	NUM
fsr-3478	292	59	%	%	NOUN
fsr-3478	292	60	253	253	NUM
fsr-3478	292	61	5,747	5,747	NUM
fsr-3478	292	62	4.00	4.00	NUM
fsr-3478	292	63	%	%	NOUN
fsr-3478	292	64	731	731	NUM
fsr-3478	292	65	5,269	5,269	NUM
fsr-3478	292	66	4.75	4.75	NUM
fsr-3478	292	67	%	%	NOUN
fsr-3478	292	68	1,520	1,520	NUM
fsr-3478	292	69	4,480	4,480	NUM
fsr-3478	292	70	5.50	5.50	NUM
fsr-3478	292	71	%	%	NOUN
fsr-3478	292	72	2,455	2,455	NUM
fsr-3478	292	73	3,545	3,545	NUM
fsr-3478	292	74	5,011	5,011	NUM
fsr-3478	292	75	24,989	24,989	NUM
fsr-3478	292	76	by	by	ADP
fsr-3478	292	77	retirement	retirement	NOUN
fsr-3478	292	78	horizon	horizon	PROPN
fsr-3478	292	79	23	23	NUM
fsr-3478	292	80	years	year	NOUN
fsr-3478	292	81	522	522	NUM
fsr-3478	292	82	5,478	5,478	NUM
fsr-3478	292	83	26	26	NUM
fsr-3478	292	84	years	year	NOUN
fsr-3478	292	85	750	750	NUM
fsr-3478	292	86	5,250	5,250	NUM
fsr-3478	292	87	29	29	NUM
fsr-3478	292	88	years	year	NOUN
fsr-3478	292	89	1,004	1,004	NUM
fsr-3478	292	90	4,996	4,996	NUM
fsr-3478	292	91	32	32	NUM
fsr-3478	292	92	years	year	NOUN
fsr-3478	292	93	1,279	1,279	NUM
fsr-3478	292	94	4,721	4,721	NUM
fsr-3478	292	95	35	35	NUM
fsr-3478	292	96	years	year	NOUN
fsr-3478	292	97	1,456	1,456	NUM
fsr-3478	292	98	4,544	4,544	NUM
fsr-3478	292	99	5,011	5,011	NUM
fsr-3478	292	100	24,989	24,989	NUM
fsr-3478	292	101	note	note	NOUN
fsr-3478	292	102	.	.	PUNCT
fsr-3478	293	1	n=	n=	ADJ
fsr-3478	293	2	30,000	30,000	NUM
fsr-3478	293	3	portfolio	portfolio	NOUN
fsr-3478	293	4	outcomes	outcome	NOUN
fsr-3478	293	5	.	.	PUNCT
fsr-3478	294	1	this	this	DET
fsr-3478	294	2	table	table	NOUN
fsr-3478	294	3	presents	present	VERB
fsr-3478	294	4	the	the	DET
fsr-3478	294	5	number	number	NOUN
fsr-3478	294	6	of	of	ADP
fsr-3478	294	7	successes	success	NOUN
fsr-3478	294	8	(	(	PUNCT
fsr-3478	294	9	or	or	CCONJ
fsr-3478	294	10	failures	failure	NOUN
fsr-3478	294	11	)	)	PUNCT
fsr-3478	294	12	among	among	ADP
fsr-3478	294	13	the	the	DET
fsr-3478	294	14	30,000	30,000	NUM
fsr-3478	294	15	portfolio	portfolio	NOUN
fsr-3478	294	16	outcomes	outcome	NOUN
fsr-3478	294	17	in	in	ADP
fsr-3478	294	18	our	our	PRON
fsr-3478	294	19	sample	sample	NOUN
fsr-3478	294	20	,	,	PUNCT
fsr-3478	294	21	aggregated	aggregate	VERB
fsr-3478	294	22	by	by	ADP
fsr-3478	294	23	portfolio	portfolio	NOUN
fsr-3478	294	24	allocation	allocation	NOUN
fsr-3478	294	25	,	,	PUNCT
fsr-3478	294	26	or	or	CCONJ
fsr-3478	294	27	withdrawal	withdrawal	NOUN
fsr-3478	294	28	rate	rate	NOUN
fsr-3478	294	29	,	,	PUNCT
fsr-3478	294	30	or	or	CCONJ
fsr-3478	294	31	retirement	retirement	NOUN
fsr-3478	294	32	horizon	horizon	NOUN
fsr-3478	294	33	.	.	PUNCT
fsr-3478	295	1	these	these	DET
fsr-3478	295	2	numbers	number	NOUN
fsr-3478	295	3	suggest	suggest	VERB
fsr-3478	295	4	that	that	SCONJ
fsr-3478	295	5	conservative	conservative	ADJ
fsr-3478	295	6	portfolios	portfolio	NOUN
fsr-3478	295	7	,	,	PUNCT
fsr-3478	295	8	higher	high	ADJ
fsr-3478	295	9	withdrawal	withdrawal	NOUN
fsr-3478	295	10	rates	rate	NOUN
fsr-3478	295	11	,	,	PUNCT
fsr-3478	295	12	and	and	CCONJ
fsr-3478	295	13	longer	long	ADJ
fsr-3478	295	14	retirement	retirement	NOUN
fsr-3478	295	15	planning	planning	NOUN
fsr-3478	295	16	horizons	horizon	NOUN
fsr-3478	295	17	increase	increase	VERB
fsr-3478	295	18	the	the	DET
fsr-3478	295	19	chance	chance	NOUN
fsr-3478	295	20	of	of	ADP
fsr-3478	295	21	portfolio	portfolio	NOUN
fsr-3478	295	22	failure	failure	NOUN
fsr-3478	295	23	.	.	PUNCT
fsr-3478	296	1	table	table	NOUN
fsr-3478	296	2	4	4	NUM
fsr-3478	296	3	observed	observed	ADJ
fsr-3478	296	4	portfolio	portfolio	NOUN
fsr-3478	296	5	success	success	NOUN
fsr-3478	296	6	rates	rate	NOUN
fsr-3478	296	7	portfolio	portfolio	NOUN
fsr-3478	296	8	allocation	allocation	NOUN
fsr-3478	296	9	withdrawal	withdrawal	PROPN
fsr-3478	296	10	rate	rate	PROPN
fsr-3478	296	11	retirement	retirement	PROPN
fsr-3478	296	12	horizon	horizon	PROPN
fsr-3478	296	13	23	23	NUM
fsr-3478	296	14	years	year	NOUN
fsr-3478	296	15	26	26	NUM
fsr-3478	296	16	years	year	NOUN
fsr-3478	296	17	29	29	NUM
fsr-3478	296	18	years	year	NOUN
fsr-3478	296	19	32	32	NUM
fsr-3478	296	20	years	year	NOUN
fsr-3478	296	21	35	35	NUM
fsr-3478	296	22	years	year	NOUN
fsr-3478	296	23	conservative	conservative	ADJ
fsr-3478	296	24	2.50	2.50	NUM
fsr-3478	296	25	%	%	NOUN
fsr-3478	296	26	100.00	100.00	NUM
fsr-3478	296	27	%	%	NOUN
fsr-3478	296	28	100.00	100.00	NUM
fsr-3478	296	29	%	%	NOUN
fsr-3478	296	30	99.50	99.50	NUM
fsr-3478	296	31	%	%	NOUN
fsr-3478	296	32	99.75	99.75	NUM
fsr-3478	296	33	%	%	NOUN
fsr-3478	296	34	99.00	99.00	NUM
fsr-3478	296	35	%	%	NOUN
fsr-3478	296	36	3.25	3.25	NUM
fsr-3478	296	37	%	%	NOUN
fsr-3478	296	38	99.75	99.75	NUM
fsr-3478	296	39	%	%	NOUN
fsr-3478	296	40	98.75	98.75	NUM
fsr-3478	296	41	%	%	NOUN
fsr-3478	296	42	96.00	96.00	NUM
fsr-3478	296	43	%	%	NOUN
fsr-3478	296	44	95.75	95.75	NUM
fsr-3478	296	45	%	%	NOUN
fsr-3478	296	46	91.25	91.25	NUM
fsr-3478	296	47	%	%	NOUN
fsr-3478	296	48	4.00	4.00	NUM
fsr-3478	296	49	%	%	NOUN
fsr-3478	296	50	96.00	96.00	NUM
fsr-3478	296	51	%	%	NOUN
fsr-3478	296	52	93.00	93.00	NUM
fsr-3478	296	53	%	%	NOUN
fsr-3478	296	54	83.25	83.25	NUM
fsr-3478	296	55	%	%	NOUN
fsr-3478	296	56	79.50	79.50	NUM
fsr-3478	296	57	%	%	NOUN
fsr-3478	296	58	71.00	71.00	NUM
fsr-3478	296	59	%	%	NOUN
fsr-3478	296	60	4.75	4.75	NUM
fsr-3478	296	61	%	%	NOUN
fsr-3478	296	62	88.25	88.25	NUM
fsr-3478	296	63	%	%	NOUN
fsr-3478	296	64	76.75	76.75	NUM
fsr-3478	296	65	%	%	NOUN
fsr-3478	296	66	59.75	59.75	NUM
fsr-3478	296	67	%	%	NOUN
fsr-3478	296	68	50.25	50.25	NUM
fsr-3478	296	69	%	%	NOUN
fsr-3478	296	70	37.25	37.25	NUM
fsr-3478	296	71	%	%	NOUN
fsr-3478	296	72	5.50	5.50	NUM
fsr-3478	296	73	%	%	NOUN
fsr-3478	296	74	66.50	66.50	NUM
fsr-3478	296	75	%	%	NOUN
fsr-3478	296	76	47.75	47.75	NUM
fsr-3478	296	77	%	%	NOUN
fsr-3478	296	78	38.75	38.75	NUM
fsr-3478	296	79	%	%	NOUN
fsr-3478	296	80	23.50	23.50	NUM
fsr-3478	296	81	%	%	NOUN
fsr-3478	296	82	17.25	17.25	NUM
fsr-3478	296	83	%	%	NOUN
fsr-3478	296	84	balanced	balanced	ADJ
fsr-3478	296	85	2.50	2.50	NUM
fsr-3478	296	86	%	%	NOUN
fsr-3478	296	87	99.75	99.75	NUM
fsr-3478	296	88	%	%	NOUN
fsr-3478	296	89	99.50	99.50	NUM
fsr-3478	296	90	%	%	NOUN
fsr-3478	296	91	99.75	99.75	NUM
fsr-3478	296	92	%	%	NOUN
fsr-3478	296	93	98.50	98.50	NUM
fsr-3478	296	94	%	%	NOUN
fsr-3478	296	95	99.00	99.00	NUM
fsr-3478	296	96	%	%	NOUN
fsr-3478	296	97	3.25	3.25	NUM
fsr-3478	296	98	%	%	NOUN
fsr-3478	296	99	99.25	99.25	NUM
fsr-3478	296	100	%	%	NOUN
fsr-3478	296	101	97.50	97.50	NUM
fsr-3478	296	102	%	%	NOUN
fsr-3478	296	103	96.00	96.00	NUM
fsr-3478	296	104	%	%	NOUN
fsr-3478	296	105	94.50	94.50	NUM
fsr-3478	296	106	%	%	NOUN
fsr-3478	296	107	93.25	93.25	NUM
fsr-3478	296	108	%	%	NOUN
fsr-3478	296	109	4.00	4.00	NUM
fsr-3478	296	110	%	%	NOUN
fsr-3478	296	111	95.50	95.50	NUM
fsr-3478	296	112	%	%	NOUN
fsr-3478	296	113	92.75	92.75	NUM
fsr-3478	296	114	%	%	NOUN
fsr-3478	296	115	90.50	90.50	NUM
fsr-3478	296	116	%	%	NOUN
fsr-3478	296	117	84.50	84.50	NUM
fsr-3478	296	118	%	%	NOUN
fsr-3478	296	119	84.00	84.00	NUM
fsr-3478	296	120	%	%	NOUN
fsr-3478	296	121	4.75	4.75	NUM
fsr-3478	296	122	%	%	NOUN
fsr-3478	296	123	86.50	86.50	NUM
fsr-3478	296	124	%	%	NOUN
fsr-3478	296	125	83.50	83.50	NUM
fsr-3478	296	126	%	%	NOUN
fsr-3478	296	127	83.00	83.00	NUM
fsr-3478	296	128	%	%	NOUN
fsr-3478	296	129	73.50	73.50	NUM
fsr-3478	296	130	%	%	NOUN
fsr-3478	296	131	68.25	68.25	NUM
fsr-3478	296	132	%	%	NOUN
fsr-3478	296	133	5.50	5.50	NUM
fsr-3478	296	134	%	%	NOUN
fsr-3478	296	135	77.25	77.25	NUM
fsr-3478	296	136	%	%	NOUN
fsr-3478	296	137	70.75	70.75	NUM
fsr-3478	296	138	%	%	NOUN
fsr-3478	296	139	65.50	65.50	NUM
fsr-3478	296	140	%	%	NOUN
fsr-3478	296	141	56.75	56.75	NUM
fsr-3478	296	142	%	%	NOUN
fsr-3478	296	143	53.75	53.75	NUM
fsr-3478	296	144	%	%	NOUN
fsr-3478	296	145	aggressive	aggressive	ADJ
fsr-3478	296	146	2.50	2.50	NUM
fsr-3478	296	147	%	%	NOUN
fsr-3478	296	148	98.75	98.75	NUM
fsr-3478	296	149	%	%	NOUN
fsr-3478	296	150	99.00	99.00	NUM
fsr-3478	296	151	%	%	NOUN
fsr-3478	296	152	98.00	98.00	NUM
fsr-3478	296	153	%	%	NOUN
fsr-3478	296	154	98.50	98.50	NUM
fsr-3478	296	155	%	%	NOUN
fsr-3478	296	156	98.00	98.00	NUM
fsr-3478	296	157	%	%	NOUN
fsr-3478	296	158	3.25	3.25	NUM
fsr-3478	296	159	%	%	NOUN
fsr-3478	296	160	96.50	96.50	NUM
fsr-3478	296	161	%	%	NOUN
fsr-3478	296	162	96.00	96.00	NUM
fsr-3478	296	163	%	%	NOUN
fsr-3478	296	164	94.75	94.75	NUM
fsr-3478	296	165	%	%	NOUN
fsr-3478	296	166	94.00	94.00	NUM
fsr-3478	296	167	%	%	NOUN
fsr-3478	296	168	93.50	93.50	NUM
fsr-3478	296	169	%	%	NOUN
fsr-3478	296	170	4.00	4.00	NUM
fsr-3478	296	171	%	%	NOUN
fsr-3478	296	172	94.50	94.50	NUM
fsr-3478	296	173	%	%	NOUN
fsr-3478	296	174	92.50	92.50	NUM
fsr-3478	296	175	%	%	NOUN
fsr-3478	296	176	88.50	88.50	NUM
fsr-3478	296	177	%	%	NOUN
fsr-3478	296	178	84.50	84.50	NUM
fsr-3478	296	179	%	%	NOUN
fsr-3478	296	180	87.25	87.25	NUM
fsr-3478	296	181	%	%	NOUN
fsr-3478	296	182	4.75	4.75	NUM
fsr-3478	296	183	%	%	NOUN
fsr-3478	296	184	89.25	89.25	NUM
fsr-3478	296	185	%	%	NOUN
fsr-3478	296	186	86.00	86.00	NUM
fsr-3478	296	187	%	%	NOUN
fsr-3478	296	188	82.25	82.25	NUM
fsr-3478	296	189	%	%	NOUN
fsr-3478	296	190	77.75	77.75	NUM
fsr-3478	296	191	%	%	NOUN
fsr-3478	296	192	77.75	77.75	NUM
fsr-3478	296	193	%	%	NOUN
fsr-3478	296	194	5.50	5.50	NUM
fsr-3478	296	195	%	%	NOUN
fsr-3478	296	196	81.75	81.75	NUM
fsr-3478	296	197	%	%	NOUN
fsr-3478	296	198	78.75	78.75	NUM
fsr-3478	296	199	%	%	NOUN
fsr-3478	296	200	73.50	73.50	NUM
fsr-3478	296	201	%	%	NOUN
fsr-3478	296	202	69.00	69.00	NUM
fsr-3478	296	203	%	%	NOUN
fsr-3478	296	204	65.50	65.50	NUM
fsr-3478	296	205	%	%	NOUN
fsr-3478	296	206	note	note	NOUN
fsr-3478	296	207	.	.	PUNCT
fsr-3478	297	1	this	this	DET
fsr-3478	297	2	table	table	NOUN
fsr-3478	297	3	allows	allow	VERB
fsr-3478	297	4	us	we	PRON
fsr-3478	297	5	to	to	PART
fsr-3478	297	6	evaluate	evaluate	VERB
fsr-3478	297	7	the	the	DET
fsr-3478	297	8	simultaneous	simultaneous	ADJ
fsr-3478	297	9	impact	impact	NOUN
fsr-3478	297	10	of	of	ADP
fsr-3478	297	11	portfolio	portfolio	NOUN
fsr-3478	297	12	allocation	allocation	NOUN
fsr-3478	297	13	,	,	PUNCT
fsr-3478	297	14	withdrawal	withdrawal	NOUN
fsr-3478	297	15	rate	rate	NOUN
fsr-3478	297	16	,	,	PUNCT
fsr-3478	297	17	and	and	CCONJ
fsr-3478	297	18	retirement	retirement	NOUN
fsr-3478	297	19	horizon	horizon	NOUN
fsr-3478	297	20	on	on	ADP
fsr-3478	297	21	portfolio	portfolio	NOUN
fsr-3478	297	22	success	success	NOUN
fsr-3478	297	23	rates	rate	NOUN
fsr-3478	297	24	.	.	PUNCT
fsr-3478	298	1	portfolio	portfolio	NOUN
fsr-3478	298	2	success	success	NOUN
fsr-3478	298	3	occurs	occur	VERB
fsr-3478	298	4	in	in	ADP
fsr-3478	298	5	24,989	24,989	NUM
fsr-3478	298	6	of	of	ADP
fsr-3478	298	7	the	the	DET
fsr-3478	298	8	30,000	30,000	NUM
fsr-3478	298	9	portfolio	portfolio	NOUN
fsr-3478	298	10	outcomes	outcome	NOUN
fsr-3478	298	11	.	.	PUNCT
fsr-3478	299	1	m.	m.	NOUN
fsr-3478	299	2	athavale	athavale	PROPN
fsr-3478	299	3	et	et	PROPN
fsr-3478	299	4	al	al	PROPN
fsr-3478	299	5	.	.	PUNCT
fsr-3478	299	6	/	/	SYM
fsr-3478	299	7	financial	financial	ADJ
fsr-3478	299	8	services	service	NOUN
fsr-3478	299	9	review	review	VERB
fsr-3478	299	10	30	30	NUM
fsr-3478	299	11	(	(	PUNCT
fsr-3478	299	12	2022	2022	NUM
fsr-3478	299	13	)	)	PUNCT
fsr-3478	300	1	125–143	125–143	NUM
fsr-3478	300	2	137	137	NUM
fsr-3478	300	3	aggressive	aggressive	ADJ
fsr-3478	300	4	portfolio	portfolio	NOUN
fsr-3478	300	5	allocation	allocation	NOUN
fsr-3478	300	6	,	,	PUNCT
fsr-3478	300	7	but	but	CCONJ
fsr-3478	300	8	only	only	ADV
fsr-3478	300	9	53.75	53.75	NUM
fsr-3478	300	10	%	%	NOUN
fsr-3478	300	11	with	with	ADP
fsr-3478	300	12	a	a	DET
fsr-3478	300	13	balanced	balanced	ADJ
fsr-3478	300	14	portfolio	portfolio	NOUN
fsr-3478	300	15	allocation	allocation	NOUN
fsr-3478	300	16	and	and	CCONJ
fsr-3478	300	17	17.25	17.25	NUM
fsr-3478	300	18	%	%	NOUN
fsr-3478	300	19	with	with	ADP
fsr-3478	300	20	a	a	DET
fsr-3478	300	21	conservative	conservative	ADJ
fsr-3478	300	22	portfolio	portfolio	NOUN
fsr-3478	300	23	allocation	allocation	NOUN
fsr-3478	300	24	.	.	PUNCT
fsr-3478	301	1	a	a	DET
fsr-3478	301	2	withdrawal	withdrawal	NOUN
fsr-3478	301	3	rate	rate	NOUN
fsr-3478	301	4	of	of	ADP
fsr-3478	301	5	4	4	NUM
fsr-3478	301	6	%	%	NOUN
fsr-3478	301	7	over	over	ADP
fsr-3478	301	8	a	a	DET
fsr-3478	301	9	29	29	NUM
fsr-3478	301	10	-	-	PUNCT
fsr-3478	301	11	year	year	NOUN
fsr-3478	301	12	horizon	horizon	NOUN
fsr-3478	301	13	has	have	VERB
fsr-3478	301	14	a	a	DET
fsr-3478	301	15	success	success	NOUN
fsr-3478	301	16	rate	rate	NOUN
fsr-3478	301	17	of	of	ADP
fsr-3478	301	18	90.50	90.50	NUM
fsr-3478	301	19	%	%	NOUN
fsr-3478	301	20	with	with	ADP
fsr-3478	301	21	a	a	DET
fsr-3478	301	22	balanced	balanced	ADJ
fsr-3478	301	23	portfolio	portfolio	NOUN
fsr-3478	301	24	allocation	allocation	NOUN
fsr-3478	301	25	,	,	PUNCT
fsr-3478	301	26	88.50	88.50	NUM
fsr-3478	301	27	%	%	NOUN
fsr-3478	301	28	with	with	ADP
fsr-3478	301	29	an	an	DET
fsr-3478	301	30	aggressive	aggressive	ADJ
fsr-3478	301	31	portfolio	portfolio	NOUN
fsr-3478	301	32	allocation	allocation	NOUN
fsr-3478	301	33	and	and	CCONJ
fsr-3478	301	34	83.25	83.25	NUM
fsr-3478	301	35	%	%	NOUN
fsr-3478	301	36	with	with	ADP
fsr-3478	301	37	a	a	DET
fsr-3478	301	38	conservative	conservative	ADJ
fsr-3478	301	39	portfolio	portfolio	NOUN
fsr-3478	301	40	allocation	allocation	NOUN
fsr-3478	301	41	.	.	PUNCT
fsr-3478	302	1	and	and	CCONJ
fsr-3478	302	2	finally	finally	ADV
fsr-3478	302	3	,	,	PUNCT
fsr-3478	302	4	a	a	DET
fsr-3478	302	5	conservative	conservative	ADJ
fsr-3478	302	6	portfolio	portfolio	NOUN
fsr-3478	302	7	exhibits	exhibit	VERB
fsr-3478	302	8	wide	wide	ADJ
fsr-3478	302	9	variations	variation	NOUN
fsr-3478	302	10	in	in	ADP
fsr-3478	302	11	outcomes	outcome	NOUN
fsr-3478	302	12	ranging	range	VERB
fsr-3478	302	13	from	from	ADP
fsr-3478	302	14	100	100	NUM
fsr-3478	302	15	%	%	NOUN
fsr-3478	302	16	to	to	ADP
fsr-3478	302	17	17.25	17.25	NUM
fsr-3478	302	18	%	%	NOUN
fsr-3478	302	19	,	,	PUNCT
fsr-3478	302	20	while	while	SCONJ
fsr-3478	302	21	an	an	DET
fsr-3478	302	22	aggressive	aggressive	ADJ
fsr-3478	302	23	portfolio	portfolio	NOUN
fsr-3478	302	24	allocation	allocation	NOUN
fsr-3478	302	25	exhibits	exhibit	VERB
fsr-3478	302	26	variations	variation	NOUN
fsr-3478	302	27	ranging	range	VERB
fsr-3478	302	28	from	from	ADP
fsr-3478	302	29	99.00	99.00	NUM
fsr-3478	302	30	%	%	NOUN
fsr-3478	302	31	to	to	ADP
fsr-3478	302	32	65.50	65.50	NUM
fsr-3478	302	33	%	%	NOUN
fsr-3478	302	34	.	.	PUNCT
fsr-3478	303	1	these	these	DET
fsr-3478	303	2	results	result	NOUN
fsr-3478	303	3	confirm	confirm	VERB
fsr-3478	303	4	that	that	SCONJ
fsr-3478	303	5	aggressive	aggressive	ADJ
fsr-3478	303	6	portfolios	portfolio	NOUN
fsr-3478	303	7	improve	improve	VERB
fsr-3478	303	8	the	the	DET
fsr-3478	303	9	probability	probability	NOUN
fsr-3478	303	10	of	of	ADP
fsr-3478	303	11	portfolio	portfolio	NOUN
fsr-3478	303	12	success	success	NOUN
fsr-3478	303	13	for	for	ADP
fsr-3478	303	14	higher	high	ADJ
fsr-3478	303	15	withdrawal	withdrawal	NOUN
fsr-3478	303	16	rates	rate	NOUN
fsr-3478	303	17	.	.	PUNCT
fsr-3478	304	1	we	we	PRON
fsr-3478	304	2	next	next	ADV
fsr-3478	304	3	use	use	VERB
fsr-3478	304	4	regression	regression	NOUN
fsr-3478	304	5	analysis	analysis	NOUN
fsr-3478	304	6	to	to	PART
fsr-3478	304	7	analyze	analyze	VERB
fsr-3478	304	8	the	the	DET
fsr-3478	304	9	impact	impact	NOUN
fsr-3478	304	10	of	of	ADP
fsr-3478	304	11	factors	factor	NOUN
fsr-3478	304	12	which	which	PRON
fsr-3478	304	13	influence	influence	NOUN
fsr-3478	304	14	portfolio	portfolio	NOUN
fsr-3478	304	15	success	success	NOUN
fsr-3478	304	16	in	in	ADP
fsr-3478	304	17	a	a	DET
fsr-3478	304	18	multivariate	multivariate	NOUN
fsr-3478	304	19	setting	setting	NOUN
fsr-3478	304	20	.	.	PUNCT
fsr-3478	305	1	our	our	PRON
fsr-3478	305	2	variable	variable	NOUN
fsr-3478	305	3	of	of	ADP
fsr-3478	305	4	interest	interest	NOUN
fsr-3478	305	5	is	be	AUX
fsr-3478	305	6	portfolio	portfolio	NOUN
fsr-3478	305	7	success	success	NOUN
fsr-3478	305	8	that	that	PRON
fsr-3478	305	9	is	be	AUX
fsr-3478	305	10	a	a	DET
fsr-3478	305	11	binary	binary	ADJ
fsr-3478	305	12	dependent	dependent	ADJ
fsr-3478	305	13	variable	variable	NOUN
fsr-3478	305	14	.	.	PUNCT
fsr-3478	306	1	in	in	ADP
fsr-3478	306	2	such	such	ADJ
fsr-3478	306	3	cases	case	NOUN
fsr-3478	306	4	,	,	PUNCT
fsr-3478	306	5	the	the	DET
fsr-3478	306	6	ordinary	ordinary	ADJ
fsr-3478	306	7	least	least	ADJ
fsr-3478	306	8	squares	square	NOUN
fsr-3478	306	9	technique	technique	NOUN
fsr-3478	306	10	can	can	AUX
fsr-3478	306	11	be	be	AUX
fsr-3478	306	12	nonconforming	nonconforme	VERB
fsr-3478	306	13	and	and	CCONJ
fsr-3478	306	14	the	the	DET
fsr-3478	306	15	estimates	estimate	NOUN
fsr-3478	306	16	of	of	ADP
fsr-3478	306	17	the	the	DET
fsr-3478	306	18	dependent	dependent	ADJ
fsr-3478	306	19	variable	variable	NOUN
fsr-3478	306	20	can	can	AUX
fsr-3478	306	21	go	go	VERB
fsr-3478	306	22	out	out	ADP
fsr-3478	306	23	of	of	ADP
fsr-3478	306	24	bounds	bound	NOUN
fsr-3478	306	25	(	(	PUNCT
fsr-3478	306	26	0	0	NUM
fsr-3478	306	27	,	,	PUNCT
fsr-3478	306	28	1	1	NUM
fsr-3478	306	29	)	)	PUNCT
fsr-3478	306	30	.	.	PUNCT
fsr-3478	307	1	the	the	DET
fsr-3478	307	2	logistic	logistic	ADJ
fsr-3478	307	3	regression	regression	NOUN
fsr-3478	307	4	technique	technique	NOUN
fsr-3478	307	5	is	be	AUX
fsr-3478	307	6	well	well	ADV
fsr-3478	307	7	suited	suited	ADJ
fsr-3478	307	8	to	to	ADP
fsr-3478	307	9	examining	examine	VERB
fsr-3478	307	10	the	the	DET
fsr-3478	307	11	relation	relation	NOUN
fsr-3478	307	12	between	between	ADP
fsr-3478	307	13	portfolio	portfolio	NOUN
fsr-3478	307	14	success	success	NOUN
fsr-3478	307	15	and	and	CCONJ
fsr-3478	307	16	the	the	DET
fsr-3478	307	17	predictor	predictor	NOUN
fsr-3478	307	18	variables	variable	NOUN
fsr-3478	307	19	as	as	SCONJ
fsr-3478	307	20	it	it	PRON
fsr-3478	307	21	keeps	keep	VERB
fsr-3478	307	22	the	the	DET
fsr-3478	307	23	predicted	predict	VERB
fsr-3478	307	24	values	value	NOUN
fsr-3478	307	25	of	of	ADP
fsr-3478	307	26	the	the	DET
fsr-3478	307	27	dependent	dependent	ADJ
fsr-3478	307	28	variable	variable	NOUN
fsr-3478	307	29	within	within	ADP
fsr-3478	307	30	expected	expect	VERB
fsr-3478	307	31	bounds	bound	NOUN
fsr-3478	307	32	.	.	PUNCT
fsr-3478	308	1	at	at	ADP
fsr-3478	308	2	the	the	DET
fsr-3478	308	3	start	start	NOUN
fsr-3478	308	4	of	of	ADP
fsr-3478	308	5	the	the	DET
fsr-3478	308	6	retirement	retirement	NOUN
fsr-3478	308	7	period	period	NOUN
fsr-3478	308	8	,	,	PUNCT
fsr-3478	308	9	the	the	DET
fsr-3478	308	10	retiree	retiree	NOUN
fsr-3478	308	11	makes	make	VERB
fsr-3478	308	12	decisions	decision	NOUN
fsr-3478	308	13	about	about	ADP
fsr-3478	308	14	the	the	DET
fsr-3478	308	15	withdrawal	withdrawal	NOUN
fsr-3478	308	16	rate	rate	NOUN
fsr-3478	308	17	,	,	PUNCT
fsr-3478	308	18	the	the	DET
fsr-3478	308	19	planning	planning	NOUN
fsr-3478	308	20	horizon	horizon	NOUN
fsr-3478	308	21	,	,	PUNCT
fsr-3478	308	22	and	and	CCONJ
fsr-3478	308	23	the	the	DET
fsr-3478	308	24	asset	asset	NOUN
fsr-3478	308	25	allocation	allocation	NOUN
fsr-3478	308	26	for	for	ADP
fsr-3478	308	27	the	the	DET
fsr-3478	308	28	retirement	retirement	NOUN
fsr-3478	308	29	portfolio	portfolio	NOUN
fsr-3478	308	30	.	.	PUNCT
fsr-3478	309	1	the	the	DET
fsr-3478	309	2	retirement	retirement	NOUN
fsr-3478	309	3	portfolio	portfolio	NOUN
fsr-3478	309	4	will	will	AUX
fsr-3478	309	5	also	also	ADV
fsr-3478	309	6	be	be	AUX
fsr-3478	309	7	affected	affect	VERB
fsr-3478	309	8	by	by	ADP
fsr-3478	309	9	actual	actual	ADJ
fsr-3478	309	10	returns	return	NOUN
fsr-3478	309	11	,	,	PUNCT
fsr-3478	309	12	standard	standard	ADJ
fsr-3478	309	13	deviation	deviation	NOUN
fsr-3478	309	14	,	,	PUNCT
fsr-3478	309	15	and	and	CCONJ
fsr-3478	309	16	sequence	sequence	NOUN
fsr-3478	309	17	of	of	ADP
fsr-3478	309	18	returns	return	NOUN
fsr-3478	309	19	that	that	PRON
fsr-3478	309	20	the	the	DET
fsr-3478	309	21	retirement	retirement	NOUN
fsr-3478	309	22	portfolio	portfolio	NOUN
fsr-3478	309	23	may	may	AUX
fsr-3478	309	24	experience	experience	VERB
fsr-3478	309	25	.	.	PUNCT
fsr-3478	310	1	while	while	SCONJ
fsr-3478	310	2	these	these	DET
fsr-3478	310	3	factors	factor	NOUN
fsr-3478	310	4	are	be	AUX
fsr-3478	310	5	outside	outside	ADP
fsr-3478	310	6	the	the	DET
fsr-3478	310	7	retiree	retiree	NOUN
fsr-3478	310	8	’s	’s	PART
fsr-3478	310	9	control	control	NOUN
fsr-3478	310	10	and	and	CCONJ
fsr-3478	310	11	will	will	AUX
fsr-3478	310	12	nevertheless	nevertheless	ADV
fsr-3478	310	13	impact	impact	VERB
fsr-3478	310	14	portfolio	portfolio	NOUN
fsr-3478	310	15	outcome	outcome	NOUN
fsr-3478	310	16	,	,	PUNCT
fsr-3478	310	17	the	the	DET
fsr-3478	310	18	retiree	retiree	NOUN
fsr-3478	310	19	may	may	AUX
fsr-3478	310	20	be	be	AUX
fsr-3478	310	21	able	able	ADJ
fsr-3478	310	22	to	to	PART
fsr-3478	310	23	observe	observe	VERB
fsr-3478	310	24	and	and	CCONJ
fsr-3478	310	25	act	act	VERB
fsr-3478	310	26	on	on	ADP
fsr-3478	310	27	any	any	DET
fsr-3478	310	28	early	early	ADJ
fsr-3478	310	29	unfavorable	unfavorable	ADJ
fsr-3478	310	30	sequence	sequence	NOUN
fsr-3478	310	31	of	of	ADP
fsr-3478	310	32	returns	return	NOUN
fsr-3478	310	33	that	that	PRON
fsr-3478	310	34	the	the	DET
fsr-3478	310	35	portfolio	portfolio	NOUN
fsr-3478	310	36	may	may	AUX
fsr-3478	310	37	experience	experience	VERB
fsr-3478	310	38	.	.	PUNCT
fsr-3478	311	1	these	these	PRON
fsr-3478	311	2	then	then	ADV
fsr-3478	311	3	,	,	PUNCT
fsr-3478	311	4	are	be	AUX
fsr-3478	311	5	the	the	DET
fsr-3478	311	6	explanatory	explanatory	ADJ
fsr-3478	311	7	variables	variable	NOUN
fsr-3478	311	8	used	use	VERB
fsr-3478	311	9	in	in	ADP
fsr-3478	311	10	the	the	DET
fsr-3478	311	11	analysis	analysis	NOUN
fsr-3478	311	12	.	.	PUNCT
fsr-3478	312	1	the	the	DET
fsr-3478	312	2	logistic	logistic	ADJ
fsr-3478	312	3	function	function	NOUN
fsr-3478	312	4	is	be	AUX
fsr-3478	312	5	used	use	VERB
fsr-3478	312	6	to	to	PART
fsr-3478	312	7	estimate	estimate	VERB
fsr-3478	312	8	,	,	PUNCT
fsr-3478	312	9	as	as	ADP
fsr-3478	312	10	a	a	DET
fsr-3478	312	11	function	function	NOUN
fsr-3478	312	12	of	of	ADP
fsr-3478	312	13	unit	unit	NOUN
fsr-3478	312	14	changes	change	NOUN
fsr-3478	312	15	in	in	ADP
fsr-3478	312	16	the	the	DET
fsr-3478	312	17	independent	independent	ADJ
fsr-3478	312	18	variables	variable	NOUN
fsr-3478	312	19	,	,	PUNCT
fsr-3478	312	20	the	the	DET
fsr-3478	312	21	probability	probability	NOUN
fsr-3478	312	22	that	that	SCONJ
fsr-3478	312	23	the	the	DET
fsr-3478	312	24	event	event	NOUN
fsr-3478	312	25	of	of	ADP
fsr-3478	312	26	interest	interest	NOUN
fsr-3478	312	27	will	will	AUX
fsr-3478	312	28	occur	occur	VERB
fsr-3478	312	29	.	.	PUNCT
fsr-3478	313	1	our	our	PRON
fsr-3478	313	2	logistic	logistic	ADJ
fsr-3478	313	3	model	model	NOUN
fsr-3478	313	4	provides	provide	VERB
fsr-3478	313	5	a	a	DET
fsr-3478	313	6	good	good	ADJ
fsr-3478	313	7	fit	fit	NOUN
fsr-3478	313	8	for	for	ADP
fsr-3478	313	9	the	the	DET
fsr-3478	313	10	data	datum	NOUN
fsr-3478	313	11	if	if	SCONJ
fsr-3478	313	12	we	we	PRON
fsr-3478	313	13	can	can	AUX
fsr-3478	313	14	demonstrate	demonstrate	VERB
fsr-3478	313	15	an	an	DET
fsr-3478	313	16	improvement	improvement	NOUN
fsr-3478	313	17	over	over	ADP
fsr-3478	313	18	the	the	DET
fsr-3478	313	19	intercept	intercept	NOUN
fsr-3478	313	20	-	-	PUNCT
fsr-3478	313	21	only	only	ADV
fsr-3478	313	22	model	model	NOUN
fsr-3478	313	23	,	,	PUNCT
fsr-3478	313	24	and	and	CCONJ
fsr-3478	313	25	we	we	PRON
fsr-3478	313	26	check	check	VERB
fsr-3478	313	27	this	this	PRON
fsr-3478	313	28	using	use	VERB
fsr-3478	313	29	the	the	DET
fsr-3478	313	30	akaike	akaike	ADJ
fsr-3478	313	31	information	information	NOUN
fsr-3478	313	32	criterion	criterion	NOUN
fsr-3478	313	33	and	and	CCONJ
fsr-3478	313	34	the	the	DET
fsr-3478	313	35	schwarz	schwarz	PROPN
fsr-3478	313	36	criterion	criterion	NOUN
fsr-3478	313	37	.	.	PUNCT
fsr-3478	314	1	we	we	PRON
fsr-3478	314	2	also	also	ADV
fsr-3478	314	3	note	note	VERB
fsr-3478	314	4	that	that	SCONJ
fsr-3478	314	5	the	the	DET
fsr-3478	314	6	cox	cox	PROPN
fsr-3478	314	7	and	and	CCONJ
fsr-3478	314	8	snell	snell	PROPN
fsr-3478	314	9	r2	r2	PROPN
fsr-3478	314	10	is	be	AUX
fsr-3478	314	11	46	46	NUM
fsr-3478	314	12	%	%	NOUN
fsr-3478	314	13	,	,	PUNCT
fsr-3478	314	14	nagelkerke	nagelkerke	PROPN
fsr-3478	314	15	’s	’s	PART
fsr-3478	314	16	rescaled	rescaled	ADJ
fsr-3478	314	17	r2	r2	PROPN
fsr-3478	314	18	is	be	AUX
fsr-3478	314	19	78	78	NUM
fsr-3478	314	20	%	%	NOUN
fsr-3478	314	21	,	,	PUNCT
fsr-3478	314	22	and	and	CCONJ
fsr-3478	314	23	mcfadden	mcfadden	PROPN
fsr-3478	314	24	’s	’s	PART
fsr-3478	314	25	pseudo	pseudo	NOUN
fsr-3478	314	26	r2	r2	PROPN
fsr-3478	314	27	is	be	AUX
fsr-3478	314	28	69	69	NUM
fsr-3478	314	29	%	%	NOUN
fsr-3478	314	30	.	.	PUNCT
fsr-3478	315	1	in	in	ADP
fsr-3478	315	2	addition	addition	NOUN
fsr-3478	315	3	,	,	PUNCT
fsr-3478	315	4	the	the	DET
fsr-3478	315	5	maximum	maximum	ADJ
fsr-3478	315	6	likelihood	likelihood	NOUN
fsr-3478	315	7	coefficient	coefficient	NOUN
fsr-3478	315	8	estimates	estimate	NOUN
fsr-3478	315	9	are	be	AUX
fsr-3478	315	10	all	all	PRON
fsr-3478	315	11	individually	individually	ADV
fsr-3478	315	12	significant	significant	ADJ
fsr-3478	315	13	at	at	ADP
fsr-3478	315	14	1	1	NUM
fsr-3478	315	15	%	%	NOUN
fsr-3478	315	16	using	use	VERB
fsr-3478	315	17	the	the	DET
fsr-3478	315	18	wald	wald	NOUN
fsr-3478	315	19	x2	x2	PROPN
fsr-3478	315	20	test	test	NOUN
fsr-3478	315	21	.	.	PUNCT
fsr-3478	316	1	direct	direct	ADJ
fsr-3478	316	2	interpretation	interpretation	NOUN
fsr-3478	316	3	of	of	ADP
fsr-3478	316	4	the	the	DET
fsr-3478	316	5	logistic	logistic	ADJ
fsr-3478	316	6	regression	regression	NOUN
fsr-3478	316	7	coefficients	coefficient	NOUN
fsr-3478	316	8	is	be	AUX
fsr-3478	316	9	difficult	difficult	ADJ
fsr-3478	316	10	since	since	SCONJ
fsr-3478	316	11	coefficient	coefficient	NOUN
fsr-3478	316	12	estimates	estimate	NOUN
fsr-3478	316	13	are	be	AUX
fsr-3478	316	14	in	in	ADP
fsr-3478	316	15	terms	term	NOUN
fsr-3478	316	16	of	of	ADP
fsr-3478	316	17	log	log	NOUN
fsr-3478	316	18	-	-	PUNCT
fsr-3478	316	19	odds	odd	NOUN
fsr-3478	316	20	.	.	PUNCT
fsr-3478	317	1	the	the	DET
fsr-3478	317	2	estimated	estimate	VERB
fsr-3478	317	3	coefficients	coefficient	NOUN
fsr-3478	317	4	do	do	AUX
fsr-3478	317	5	not	not	PART
fsr-3478	317	6	represent	represent	VERB
fsr-3478	317	7	the	the	DET
fsr-3478	317	8	marginal	marginal	ADJ
fsr-3478	317	9	effects	effect	NOUN
fsr-3478	317	10	of	of	ADP
fsr-3478	317	11	the	the	DET
fsr-3478	317	12	independent	independent	ADJ
fsr-3478	317	13	variables	variable	NOUN
fsr-3478	317	14	on	on	ADP
fsr-3478	317	15	the	the	DET
fsr-3478	317	16	probability	probability	NOUN
fsr-3478	317	17	of	of	ADP
fsr-3478	317	18	portfolio	portfolio	NOUN
fsr-3478	317	19	success	success	NOUN
fsr-3478	317	20	.	.	PUNCT
fsr-3478	318	1	instead	instead	ADV
fsr-3478	318	2	of	of	ADP
fsr-3478	318	3	the	the	DET
fsr-3478	318	4	coefficients	coefficient	NOUN
fsr-3478	318	5	being	be	AUX
fsr-3478	318	6	the	the	DET
fsr-3478	318	7	rate	rate	NOUN
fsr-3478	318	8	of	of	ADP
fsr-3478	318	9	change	change	NOUN
fsr-3478	318	10	in	in	ADP
fsr-3478	318	11	the	the	DET
fsr-3478	318	12	dependent	dependent	ADJ
fsr-3478	318	13	variable	variable	NOUN
fsr-3478	318	14	as	as	ADP
fsr-3478	318	15	the	the	DET
fsr-3478	318	16	independent	independent	ADJ
fsr-3478	318	17	variable	variable	ADJ
fsr-3478	318	18	changes	change	NOUN
fsr-3478	318	19	,	,	PUNCT
fsr-3478	318	20	a	a	DET
fsr-3478	318	21	coefficient	coefficient	NOUN
fsr-3478	318	22	derived	derive	VERB
fsr-3478	318	23	from	from	ADP
fsr-3478	318	24	a	a	DET
fsr-3478	318	25	logistic	logistic	ADJ
fsr-3478	318	26	regression	regression	NOUN
fsr-3478	318	27	is	be	AUX
fsr-3478	318	28	interpreted	interpret	VERB
fsr-3478	318	29	as	as	ADP
fsr-3478	318	30	the	the	DET
fsr-3478	318	31	rate	rate	NOUN
fsr-3478	318	32	of	of	ADP
fsr-3478	318	33	change	change	NOUN
fsr-3478	318	34	in	in	ADP
fsr-3478	318	35	the	the	DET
fsr-3478	318	36	log	log	NOUN
fsr-3478	318	37	-	-	PUNCT
fsr-3478	318	38	odds	odd	NOUN
fsr-3478	318	39	as	as	ADP
fsr-3478	318	40	the	the	DET
fsr-3478	318	41	independent	independent	ADJ
fsr-3478	318	42	variable	variable	ADJ
fsr-3478	318	43	changes	change	NOUN
fsr-3478	318	44	.	.	PUNCT
fsr-3478	319	1	exponentiating	exponentiate	VERB
fsr-3478	319	2	the	the	DET
fsr-3478	319	3	coefficient	coefficient	NOUN
fsr-3478	319	4	gives	give	VERB
fsr-3478	319	5	us	we	PRON
fsr-3478	319	6	the	the	DET
fsr-3478	319	7	odds	odd	NOUN
fsr-3478	319	8	ratio	ratio	NOUN
fsr-3478	319	9	,	,	PUNCT
fsr-3478	319	10	which	which	PRON
fsr-3478	319	11	can	can	AUX
fsr-3478	319	12	range	range	VERB
fsr-3478	319	13	from	from	ADP
fsr-3478	319	14	0	0	NUM
fsr-3478	319	15	to	to	ADP
fsr-3478	319	16	infinity	infinity	NOUN
fsr-3478	319	17	,	,	PUNCT
fsr-3478	319	18	and	and	CCONJ
fsr-3478	319	19	which	which	PRON
fsr-3478	319	20	allows	allow	VERB
fsr-3478	319	21	for	for	ADP
fsr-3478	319	22	somewhat	somewhat	ADV
fsr-3478	319	23	easier	easy	ADJ
fsr-3478	319	24	interpretation	interpretation	NOUN
fsr-3478	319	25	.	.	PUNCT
fsr-3478	320	1	the	the	DET
fsr-3478	320	2	model	model	NOUN
fsr-3478	320	3	coefficients	coefficient	NOUN
fsr-3478	320	4	and	and	CCONJ
fsr-3478	320	5	the	the	DET
fsr-3478	320	6	odds	odd	NOUN
fsr-3478	320	7	ratio	ratio	NOUN
fsr-3478	320	8	are	be	AUX
fsr-3478	320	9	presented	present	VERB
fsr-3478	320	10	in	in	ADP
fsr-3478	320	11	table	table	NOUN
fsr-3478	320	12	5	5	NUM
fsr-3478	320	13	.	.	PUNCT
fsr-3478	321	1	while	while	SCONJ
fsr-3478	321	2	the	the	DET
fsr-3478	321	3	odds	odd	NOUN
fsr-3478	321	4	ratio	ratio	NOUN
fsr-3478	321	5	is	be	AUX
fsr-3478	321	6	somewhat	somewhat	ADV
fsr-3478	321	7	easier	easy	ADJ
fsr-3478	321	8	to	to	PART
fsr-3478	321	9	interpret	interpret	VERB
fsr-3478	321	10	than	than	ADP
fsr-3478	321	11	the	the	DET
fsr-3478	321	12	coefficients	coefficient	NOUN
fsr-3478	321	13	of	of	ADP
fsr-3478	321	14	the	the	DET
fsr-3478	321	15	logistic	logistic	ADJ
fsr-3478	321	16	regression	regression	NOUN
fsr-3478	321	17	,	,	PUNCT
fsr-3478	321	18	neither	neither	PRON
fsr-3478	321	19	is	be	AUX
fsr-3478	321	20	as	as	ADV
fsr-3478	321	21	useful	useful	ADJ
fsr-3478	321	22	as	as	ADP
fsr-3478	321	23	the	the	DET
fsr-3478	321	24	traditional	traditional	ADJ
fsr-3478	321	25	marginal	marginal	ADJ
fsr-3478	321	26	effect	effect	NOUN
fsr-3478	321	27	.	.	PUNCT
fsr-3478	322	1	unlike	unlike	ADP
fsr-3478	322	2	a	a	DET
fsr-3478	322	3	linear	linear	ADJ
fsr-3478	322	4	regression	regression	NOUN
fsr-3478	322	5	,	,	PUNCT
fsr-3478	322	6	the	the	DET
fsr-3478	322	7	marginal	marginal	ADJ
fsr-3478	322	8	effect	effect	NOUN
fsr-3478	322	9	is	be	AUX
fsr-3478	322	10	not	not	PART
fsr-3478	322	11	constant	constant	ADJ
fsr-3478	322	12	across	across	ADP
fsr-3478	322	13	the	the	DET
fsr-3478	322	14	entire	entire	ADJ
fsr-3478	322	15	range	range	NOUN
fsr-3478	322	16	of	of	ADP
fsr-3478	322	17	values	value	NOUN
fsr-3478	322	18	of	of	ADP
fsr-3478	322	19	the	the	DET
fsr-3478	322	20	explanatory	explanatory	ADJ
fsr-3478	322	21	variable	variable	NOUN
fsr-3478	322	22	,	,	PUNCT
fsr-3478	322	23	and	and	CCONJ
fsr-3478	322	24	hence	hence	ADV
fsr-3478	322	25	the	the	DET
fsr-3478	322	26	marginal	marginal	ADJ
fsr-3478	322	27	effect	effect	NOUN
fsr-3478	322	28	is	be	AUX
fsr-3478	322	29	calculated	calculate	VERB
fsr-3478	322	30	at	at	ADP
fsr-3478	322	31	each	each	DET
fsr-3478	322	32	observation	observation	NOUN
fsr-3478	322	33	in	in	ADP
fsr-3478	322	34	the	the	DET
fsr-3478	322	35	dataset	dataset	NOUN
fsr-3478	322	36	,	,	PUNCT
fsr-3478	322	37	and	and	CCONJ
fsr-3478	322	38	then	then	ADV
fsr-3478	322	39	averaged	average	VERB
fsr-3478	322	40	.	.	PUNCT
fsr-3478	323	1	this	this	DET
fsr-3478	323	2	average	average	ADJ
fsr-3478	323	3	marginal	marginal	ADJ
fsr-3478	323	4	effect	effect	NOUN
fsr-3478	323	5	indicates	indicate	VERB
fsr-3478	323	6	expected	expect	VERB
fsr-3478	323	7	changes	change	NOUN
fsr-3478	323	8	in	in	ADP
fsr-3478	323	9	the	the	DET
fsr-3478	323	10	predicted	predict	VERB
fsr-3478	323	11	probability	probability	NOUN
fsr-3478	323	12	of	of	ADP
fsr-3478	323	13	portfolio	portfolio	NOUN
fsr-3478	323	14	success	success	NOUN
fsr-3478	323	15	as	as	ADP
fsr-3478	323	16	a	a	DET
fsr-3478	323	17	function	function	NOUN
fsr-3478	323	18	of	of	ADP
fsr-3478	323	19	a	a	DET
fsr-3478	323	20	change	change	NOUN
fsr-3478	323	21	in	in	ADP
fsr-3478	323	22	an	an	DET
fsr-3478	323	23	explanatory	explanatory	ADJ
fsr-3478	323	24	variable	variable	NOUN
fsr-3478	323	25	while	while	SCONJ
fsr-3478	323	26	keeping	keep	VERB
fsr-3478	323	27	138	138	NUM
fsr-3478	323	28	m.	m.	NOUN
fsr-3478	323	29	athavale	athavale	NOUN
fsr-3478	323	30	et	et	PROPN
fsr-3478	323	31	al	al	PROPN
fsr-3478	323	32	.	.	PUNCT
fsr-3478	323	33	/	/	SYM
fsr-3478	323	34	financial	financial	ADJ
fsr-3478	323	35	services	service	NOUN
fsr-3478	323	36	review	review	VERB
fsr-3478	323	37	30	30	NUM
fsr-3478	323	38	(	(	PUNCT
fsr-3478	323	39	2022	2022	NUM
fsr-3478	323	40	)	)	PUNCT
fsr-3478	323	41	125–143	125–143	PROPN
fsr-3478	323	42	other	other	ADJ
fsr-3478	323	43	covariates	covariate	NOUN
fsr-3478	323	44	constant	constant	ADJ
fsr-3478	323	45	.	.	PUNCT
fsr-3478	324	1	the	the	DET
fsr-3478	324	2	average	average	ADJ
fsr-3478	324	3	marginal	marginal	ADJ
fsr-3478	324	4	effect	effect	NOUN
fsr-3478	324	5	for	for	ADP
fsr-3478	324	6	each	each	DET
fsr-3478	324	7	explanatory	explanatory	ADJ
fsr-3478	324	8	variable	variable	NOUN
fsr-3478	324	9	is	be	AUX
fsr-3478	324	10	also	also	ADV
fsr-3478	324	11	presented	present	VERB
fsr-3478	324	12	in	in	ADP
fsr-3478	324	13	table	table	NOUN
fsr-3478	324	14	5	5	NUM
fsr-3478	324	15	.	.	PUNCT
fsr-3478	325	1	the	the	DET
fsr-3478	325	2	marginal	marginal	ADJ
fsr-3478	325	3	effect	effect	NOUN
fsr-3478	325	4	of	of	ADP
fsr-3478	325	5	the	the	DET
fsr-3478	325	6	withdrawal	withdrawal	NOUN
fsr-3478	325	7	rate	rate	NOUN
fsr-3478	325	8	variable	variable	NOUN
fsr-3478	325	9	indicates	indicate	VERB
fsr-3478	325	10	that	that	SCONJ
fsr-3478	325	11	the	the	DET
fsr-3478	325	12	probability	probability	NOUN
fsr-3478	325	13	of	of	ADP
fsr-3478	325	14	portfolio	portfolio	NOUN
fsr-3478	325	15	success	success	NOUN
fsr-3478	325	16	changes	change	NOUN
fsr-3478	325	17	by	by	ADP
fsr-3478	325	18	�	�	NOUN
fsr-3478	325	19	0.1311	0.1311	NUM
fsr-3478	325	20	for	for	ADP
fsr-3478	325	21	a	a	DET
fsr-3478	325	22	1	1	NUM
fsr-3478	325	23	-	-	PUNCT
fsr-3478	325	24	level	level	NOUN
fsr-3478	325	25	change	change	NOUN
fsr-3478	325	26	in	in	ADP
fsr-3478	325	27	the	the	DET
fsr-3478	325	28	withdrawal	withdrawal	NOUN
fsr-3478	325	29	rate	rate	NOUN
fsr-3478	325	30	.	.	PUNCT
fsr-3478	326	1	similarly	similarly	ADV
fsr-3478	326	2	,	,	PUNCT
fsr-3478	326	3	the	the	DET
fsr-3478	326	4	marginal	marginal	ADJ
fsr-3478	326	5	effect	effect	NOUN
fsr-3478	326	6	of	of	ADP
fsr-3478	326	7	the	the	DET
fsr-3478	326	8	retirement	retirement	NOUN
fsr-3478	326	9	horizon	horizon	PROPN
fsr-3478	326	10	variable	variable	NOUN
fsr-3478	326	11	indicates	indicate	VERB
fsr-3478	326	12	that	that	SCONJ
fsr-3478	326	13	the	the	DET
fsr-3478	326	14	probability	probability	NOUN
fsr-3478	326	15	of	of	ADP
fsr-3478	326	16	portfolio	portfolio	NOUN
fsr-3478	326	17	success	success	NOUN
fsr-3478	326	18	changes	change	NOUN
fsr-3478	326	19	by	by	ADP
fsr-3478	326	20	�	�	PROPN
fsr-3478	326	21	0.0154	0.0154	NUM
fsr-3478	326	22	for	for	ADP
fsr-3478	326	23	a	a	DET
fsr-3478	326	24	1	1	NUM
fsr-3478	326	25	-	-	PUNCT
fsr-3478	326	26	level	level	NOUN
fsr-3478	326	27	change	change	NOUN
fsr-3478	326	28	in	in	ADP
fsr-3478	326	29	the	the	DET
fsr-3478	326	30	retirement	retirement	NOUN
fsr-3478	326	31	horizon	horizon	NOUN
fsr-3478	326	32	.	.	PUNCT
fsr-3478	327	1	early	early	ADJ
fsr-3478	327	2	experience	experience	NOUN
fsr-3478	327	3	is	be	AUX
fsr-3478	327	4	a	a	DET
fsr-3478	327	5	continuous	continuous	ADJ
fsr-3478	327	6	variable	variable	NOUN
fsr-3478	327	7	and	and	CCONJ
fsr-3478	327	8	hence	hence	ADV
fsr-3478	327	9	the	the	DET
fsr-3478	327	10	marginal	marginal	ADJ
fsr-3478	327	11	effect	effect	NOUN
fsr-3478	327	12	is	be	AUX
fsr-3478	327	13	defined	define	VERB
fsr-3478	327	14	as	as	ADP
fsr-3478	327	15	the	the	DET
fsr-3478	327	16	partial	partial	ADJ
fsr-3478	327	17	derivative	derivative	NOUN
fsr-3478	327	18	of	of	ADP
fsr-3478	327	19	the	the	DET
fsr-3478	327	20	probability	probability	NOUN
fsr-3478	327	21	of	of	ADP
fsr-3478	327	22	portfolio	portfolio	NOUN
fsr-3478	327	23	success	success	NOUN
fsr-3478	327	24	with	with	ADP
fsr-3478	327	25	respect	respect	NOUN
fsr-3478	327	26	to	to	ADP
fsr-3478	327	27	early	early	ADJ
fsr-3478	327	28	experience	experience	NOUN
fsr-3478	327	29	.	.	PUNCT
fsr-3478	328	1	similarly	similarly	ADV
fsr-3478	328	2	,	,	PUNCT
fsr-3478	328	3	higher	high	ADJ
fsr-3478	328	4	levels	level	NOUN
fsr-3478	328	5	of	of	ADP
fsr-3478	328	6	return	return	NOUN
fsr-3478	328	7	increase	increase	VERB
fsr-3478	328	8	the	the	DET
fsr-3478	328	9	probability	probability	NOUN
fsr-3478	328	10	of	of	ADP
fsr-3478	328	11	portfolio	portfolio	NOUN
fsr-3478	328	12	success	success	NOUN
fsr-3478	328	13	while	while	SCONJ
fsr-3478	328	14	higher	high	ADJ
fsr-3478	328	15	levels	level	NOUN
fsr-3478	328	16	of	of	ADP
fsr-3478	328	17	risk	risk	NOUN
fsr-3478	328	18	decrease	decrease	VERB
fsr-3478	328	19	the	the	DET
fsr-3478	328	20	probability	probability	NOUN
fsr-3478	328	21	of	of	ADP
fsr-3478	328	22	portfolio	portfolio	NOUN
fsr-3478	328	23	success	success	NOUN
fsr-3478	328	24	,	,	PUNCT
fsr-3478	328	25	and	and	CCONJ
fsr-3478	328	26	this	this	PRON
fsr-3478	328	27	is	be	AUX
fsr-3478	328	28	consistent	consistent	ADJ
fsr-3478	328	29	across	across	ADP
fsr-3478	328	30	all	all	DET
fsr-3478	328	31	allocations	allocation	NOUN
fsr-3478	328	32	.	.	PUNCT
fsr-3478	329	1	finally	finally	ADV
fsr-3478	329	2	,	,	PUNCT
fsr-3478	329	3	an	an	DET
fsr-3478	329	4	aggressive	aggressive	ADJ
fsr-3478	329	5	allocation	allocation	NOUN
fsr-3478	329	6	changes	change	VERB
fsr-3478	329	7	the	the	DET
fsr-3478	329	8	probability	probability	NOUN
fsr-3478	329	9	of	of	ADP
fsr-3478	329	10	portfolio	portfolio	NOUN
fsr-3478	329	11	success	success	NOUN
fsr-3478	329	12	by	by	ADP
fsr-3478	329	13	0.1142	0.1142	NUM
fsr-3478	329	14	compared	compare	VERB
fsr-3478	329	15	with	with	ADP
fsr-3478	329	16	a	a	DET
fsr-3478	329	17	balanced	balanced	ADJ
fsr-3478	329	18	allocation	allocation	NOUN
fsr-3478	329	19	,	,	PUNCT
fsr-3478	329	20	and	and	CCONJ
fsr-3478	329	21	a	a	DET
fsr-3478	329	22	conservative	conservative	ADJ
fsr-3478	329	23	allocation	allocation	NOUN
fsr-3478	329	24	changes	change	VERB
fsr-3478	329	25	the	the	DET
fsr-3478	329	26	probability	probability	NOUN
fsr-3478	329	27	of	of	ADP
fsr-3478	329	28	portfolio	portfolio	NOUN
fsr-3478	329	29	success	success	NOUN
fsr-3478	329	30	by	by	ADP
fsr-3478	329	31	�	�	PROPN
fsr-3478	329	32	0.0993	0.0993	NUM
fsr-3478	329	33	compared	compare	VERB
fsr-3478	329	34	with	with	ADP
fsr-3478	329	35	a	a	DET
fsr-3478	329	36	balanced	balanced	ADJ
fsr-3478	329	37	allocation	allocation	NOUN
fsr-3478	329	38	.	.	PUNCT
fsr-3478	330	1	table	table	NOUN
fsr-3478	330	2	5	5	NUM
fsr-3478	330	3	determinants	determinant	NOUN
fsr-3478	330	4	of	of	ADP
fsr-3478	330	5	portfolio	portfolio	NOUN
fsr-3478	330	6	success	success	NOUN
fsr-3478	330	7	coefficient	coefficient	NOUN
fsr-3478	330	8	wald	wald	NOUN
fsr-3478	330	9	v2	v2	PROPN
fsr-3478	330	10	odds	odd	NOUN
fsr-3478	330	11	ratio	ratio	NOUN
fsr-3478	330	12	marginal	marginal	ADJ
fsr-3478	330	13	effect	effect	NOUN
fsr-3478	330	14	intercept	intercept	VERB
fsr-3478	330	15	18.4342	18.4342	NUM
fsr-3478	330	16	(	(	PUNCT
fsr-3478	330	17	0.6080	0.6080	NUM
fsr-3478	330	18	)	)	PUNCT
fsr-3478	330	19	919.2899	919.2899	NUM
fsr-3478	330	20	withdrawal	withdrawal	NOUN
fsr-3478	330	21	rate	rate	NOUN
fsr-3478	330	22	�	�	PROPN
fsr-3478	330	23	3.1056	3.1056	NUM
fsr-3478	330	24	(	(	PUNCT
fsr-3478	330	25	0.0552	0.0552	NUM
fsr-3478	330	26	)	)	PUNCT
fsr-3478	330	27	3161.9001	3161.9001	NUM
fsr-3478	330	28	0.045	0.045	NUM
fsr-3478	330	29	�	�	NOUN
fsr-3478	330	30	0.1311	0.1311	NUM
fsr-3478	330	31	allocation	allocation	NOUN
fsr-3478	330	32	aggressive	aggressive	ADJ
fsr-3478	330	33	2.7052	2.7052	NUM
fsr-3478	330	34	(	(	PUNCT
fsr-3478	330	35	0.7069	0.7069	NUM
fsr-3478	330	36	)	)	PUNCT
fsr-3478	330	37	14.6443	14.6443	NUM
fsr-3478	330	38	14.957	14.957	NUM
fsr-3478	330	39	0.1142	0.1142	NUM
fsr-3478	330	40	allocation	allocation	NOUN
fsr-3478	330	41	conservative	conservative	ADJ
fsr-3478	330	42	�	�	PROPN
fsr-3478	330	43	2.3530	2.3530	NUM
fsr-3478	330	44	(	(	PUNCT
fsr-3478	330	45	0.5821	0.5821	NUM
fsr-3478	330	46	)	)	PUNCT
fsr-3478	330	47	16.3402	16.3402	NUM
fsr-3478	330	48	0.095	0.095	NUM
fsr-3478	330	49	�	�	PROPN
fsr-3478	330	50	0.0993	0.0993	NUM
fsr-3478	330	51	horizon	horizon	NOUN
fsr-3478	330	52	�	�	PROPN
fsr-3478	330	53	0.3638	0.3638	NUM
fsr-3478	330	54	(	(	PUNCT
fsr-3478	330	55	0.00870	0.00870	NUM
fsr-3478	330	56	)	)	PUNCT
fsr-3478	330	57	1746.6138	1746.6138	PROPN
fsr-3478	330	58	0.695	0.695	NUM
fsr-3478	330	59	�	�	NUM
fsr-3478	330	60	0.0154	0.0154	NUM
fsr-3478	330	61	return	return	NOUN
fsr-3478	330	62	�	�	PROPN
fsr-3478	330	63	allocation	allocation	NOUN
fsr-3478	330	64	conservative	conservative	ADJ
fsr-3478	330	65	1.5348	1.5348	NUM
fsr-3478	330	66	(	(	PUNCT
fsr-3478	330	67	0.0412	0.0412	NUM
fsr-3478	330	68	)	)	PUNCT
fsr-3478	330	69	1384.7595	1384.7595	NUM
fsr-3478	330	70	4.641	4.641	NUM
fsr-3478	330	71	0.0648	0.0648	NUM
fsr-3478	330	72	return	return	NOUN
fsr-3478	330	73	�	�	PROPN
fsr-3478	330	74	allocation	allocation	NOUN
fsr-3478	330	75	balanced	balance	VERB
fsr-3478	330	76	1.3722	1.3722	NUM
fsr-3478	330	77	(	(	PUNCT
fsr-3478	330	78	0.0358	0.0358	NUM
fsr-3478	330	79	)	)	PUNCT
fsr-3478	330	80	1466.0887	1466.0887	NUM
fsr-3478	330	81	3.944	3.944	NUM
fsr-3478	330	82	0.0579	0.0579	NUM
fsr-3478	330	83	return	return	NOUN
fsr-3478	330	84	�	�	PROPN
fsr-3478	330	85	allocation	allocation	NOUN
fsr-3478	330	86	aggressive	aggressive	ADJ
fsr-3478	330	87	1.2288	1.2288	NUM
fsr-3478	330	88	(	(	PUNCT
fsr-3478	330	89	0.0320	0.0320	NUM
fsr-3478	330	90	)	)	PUNCT
fsr-3478	330	91	1477.4365	1477.4365	NUM
fsr-3478	330	92	3.417	3.417	NUM
fsr-3478	330	93	0.0519	0.0519	NUM
fsr-3478	330	94	risk	risk	NOUN
fsr-3478	330	95	�	�	PROPN
fsr-3478	330	96	allocation	allocation	NOUN
fsr-3478	330	97	conservative	conservative	ADJ
fsr-3478	330	98	�	�	PROPN
fsr-3478	330	99	2.648	2.648	NUM
fsr-3478	330	100	(	(	PUNCT
fsr-3478	330	101	0.0424	0.0424	NUM
fsr-3478	330	102	)	)	PUNCT
fsr-3478	330	103	38.9240	38.9240	NUM
fsr-3478	330	104	0.767	0.767	NUM
fsr-3478	330	105	�	�	NOUN
fsr-3478	330	106	0.0112	0.0112	NUM
fsr-3478	330	107	risk	risk	NOUN
fsr-3478	330	108	�	�	PROPN
fsr-3478	330	109	allocation	allocation	NOUN
fsr-3478	330	110	balanced	balanced	ADJ
fsr-3478	330	111	�	�	PROPN
fsr-3478	330	112	0.3202	0.3202	NUM
fsr-3478	330	113	(	(	PUNCT
fsr-3478	330	114	0.0377	0.0377	NUM
fsr-3478	330	115	)	)	PUNCT
fsr-3478	330	116	72.1836	72.1836	NUM
fsr-3478	330	117	0.726	0.726	NUM
fsr-3478	330	118	�	�	NUM
fsr-3478	330	119	0.0135	0.0135	NUM
fsr-3478	330	120	risk	risk	NOUN
fsr-3478	330	121	�	�	PROPN
fsr-3478	330	122	allocation	allocation	NOUN
fsr-3478	330	123	aggressive	aggressive	ADJ
fsr-3478	330	124	�	�	PROPN
fsr-3478	330	125	0.4087	0.4087	NUM
fsr-3478	330	126	(	(	PUNCT
fsr-3478	330	127	0.0317	0.0317	NUM
fsr-3478	330	128	)	)	PUNCT
fsr-3478	330	129	166.5041	166.5041	NUM
fsr-3478	330	130	0.664	0.664	NUM
fsr-3478	330	131	�	�	PROPN
fsr-3478	330	132	0.0173	0.0173	NUM
fsr-3478	330	133	early	early	ADJ
fsr-3478	330	134	experience	experience	NOUN
fsr-3478	330	135	0.0781	0.0781	NUM
fsr-3478	330	136	(	(	PUNCT
fsr-3478	330	137	0.00178	0.00178	NUM
fsr-3478	330	138	)	)	PUNCT
fsr-3478	330	139	1916.2730	1916.2730	NUM
fsr-3478	330	140	1.081	1.081	NUM
fsr-3478	330	141	0.0033	0.0033	NUM
fsr-3478	330	142	r2	r2	NOUN
fsr-3478	330	143	69	69	NUM
fsr-3478	330	144	%	%	NOUN
fsr-3478	330	145	note	note	NOUN
fsr-3478	330	146	.	.	PUNCT
fsr-3478	331	1	n=	n=	ADJ
fsr-3478	331	2	30,000	30,000	NUM
fsr-3478	331	3	.	.	PUNCT
fsr-3478	332	1	standard	standard	ADJ
fsr-3478	332	2	errors	error	NOUN
fsr-3478	332	3	are	be	AUX
fsr-3478	332	4	placed	place	VERB
fsr-3478	332	5	below	below	ADP
fsr-3478	332	6	the	the	DET
fsr-3478	332	7	coefficient	coefficient	NOUN
fsr-3478	332	8	.	.	PUNCT
fsr-3478	333	1	all	all	DET
fsr-3478	333	2	coefficients	coefficient	NOUN
fsr-3478	333	3	are	be	AUX
fsr-3478	333	4	significant	significant	ADJ
fsr-3478	333	5	at	at	ADP
fsr-3478	333	6	the	the	DET
fsr-3478	333	7	1	1	NUM
fsr-3478	333	8	%	%	NOUN
fsr-3478	333	9	level	level	NOUN
fsr-3478	333	10	.	.	PUNCT
fsr-3478	334	1	this	this	DET
fsr-3478	334	2	table	table	NOUN
fsr-3478	334	3	presents	present	VERB
fsr-3478	334	4	the	the	DET
fsr-3478	334	5	results	result	NOUN
fsr-3478	334	6	of	of	ADP
fsr-3478	334	7	the	the	DET
fsr-3478	334	8	logistic	logistic	ADJ
fsr-3478	334	9	regression	regression	NOUN
fsr-3478	334	10	analysis	analysis	NOUN
fsr-3478	334	11	used	use	VERB
fsr-3478	334	12	to	to	PART
fsr-3478	334	13	model	model	VERB
fsr-3478	334	14	the	the	DET
fsr-3478	334	15	probability	probability	NOUN
fsr-3478	334	16	of	of	ADP
fsr-3478	334	17	portfolio	portfolio	NOUN
fsr-3478	334	18	success	success	NOUN
fsr-3478	334	19	,	,	PUNCT
fsr-3478	334	20	where	where	SCONJ
fsr-3478	334	21	portfolio	portfolio	NOUN
fsr-3478	334	22	success	success	NOUN
fsr-3478	334	23	is	be	AUX
fsr-3478	334	24	defined	define	VERB
fsr-3478	334	25	as	as	ADP
fsr-3478	334	26	the	the	DET
fsr-3478	334	27	ability	ability	NOUN
fsr-3478	334	28	of	of	ADP
fsr-3478	334	29	a	a	DET
fsr-3478	334	30	retirement	retirement	NOUN
fsr-3478	334	31	portfolio	portfolio	NOUN
fsr-3478	334	32	to	to	PART
fsr-3478	334	33	sustain	sustain	VERB
fsr-3478	334	34	a	a	DET
fsr-3478	334	35	desired	desire	VERB
fsr-3478	334	36	lifestyle	lifestyle	NOUN
fsr-3478	334	37	over	over	ADP
fsr-3478	334	38	a	a	DET
fsr-3478	334	39	desired	desire	VERB
fsr-3478	334	40	retirement	retirement	NOUN
fsr-3478	334	41	horizon	horizon	NOUN
fsr-3478	334	42	.	.	PUNCT
fsr-3478	335	1	m.	m.	NOUN
fsr-3478	335	2	athavale	athavale	PROPN
fsr-3478	335	3	et	et	PROPN
fsr-3478	335	4	al	al	PROPN
fsr-3478	335	5	.	.	PUNCT
fsr-3478	335	6	/	/	SYM
fsr-3478	335	7	financial	financial	ADJ
fsr-3478	335	8	services	service	NOUN
fsr-3478	335	9	review	review	VERB
fsr-3478	335	10	30	30	NUM
fsr-3478	335	11	(	(	PUNCT
fsr-3478	335	12	2022	2022	NUM
fsr-3478	335	13	)	)	PUNCT
fsr-3478	336	1	125–143	125–143	NUM
fsr-3478	336	2	139	139	NUM
fsr-3478	336	3	we	we	PRON
fsr-3478	336	4	also	also	ADV
fsr-3478	336	5	analyzed	analyze	VERB
fsr-3478	336	6	the	the	DET
fsr-3478	336	7	determinants	determinant	NOUN
fsr-3478	336	8	of	of	ADP
fsr-3478	336	9	portfolio	portfolio	NOUN
fsr-3478	336	10	success	success	NOUN
fsr-3478	336	11	by	by	ADP
fsr-3478	336	12	partitioning	partition	VERB
fsr-3478	336	13	the	the	DET
fsr-3478	336	14	data	datum	NOUN
fsr-3478	336	15	based	base	VERB
fsr-3478	336	16	on	on	ADP
fsr-3478	336	17	allocation	allocation	NOUN
fsr-3478	336	18	.	.	PUNCT
fsr-3478	337	1	this	this	PRON
fsr-3478	337	2	facilitates	facilitate	VERB
fsr-3478	337	3	validation	validation	NOUN
fsr-3478	337	4	of	of	ADP
fsr-3478	337	5	the	the	DET
fsr-3478	337	6	full	full	ADJ
fsr-3478	337	7	-	-	PUNCT
fsr-3478	337	8	sample	sample	NOUN
fsr-3478	337	9	results	result	NOUN
fsr-3478	337	10	and	and	CCONJ
fsr-3478	337	11	also	also	ADV
fsr-3478	337	12	allows	allow	VERB
fsr-3478	337	13	for	for	ADP
fsr-3478	337	14	easier	easy	ADJ
fsr-3478	337	15	interpretation	interpretation	NOUN
fsr-3478	337	16	of	of	ADP
fsr-3478	337	17	the	the	DET
fsr-3478	337	18	results	result	NOUN
fsr-3478	337	19	.	.	PUNCT
fsr-3478	338	1	the	the	DET
fsr-3478	338	2	results	result	NOUN
fsr-3478	338	3	of	of	ADP
fsr-3478	338	4	this	this	DET
fsr-3478	338	5	analysis	analysis	NOUN
fsr-3478	338	6	are	be	AUX
fsr-3478	338	7	presented	present	VERB
fsr-3478	338	8	in	in	ADP
fsr-3478	338	9	table	table	NOUN
fsr-3478	338	10	6	6	NUM
fsr-3478	338	11	.	.	PUNCT
fsr-3478	339	1	as	as	ADP
fsr-3478	339	2	before	before	ADV
fsr-3478	339	3	,	,	PUNCT
fsr-3478	339	4	retiree	retiree	NOUN
fsr-3478	339	5	-	-	PUNCT
fsr-3478	339	6	determined	determine	VERB
fsr-3478	339	7	variables	variable	NOUN
fsr-3478	339	8	(	(	PUNCT
fsr-3478	339	9	withdrawal	withdrawal	NOUN
fsr-3478	339	10	rate	rate	NOUN
fsr-3478	339	11	and	and	CCONJ
fsr-3478	339	12	retirement	retirement	NOUN
fsr-3478	339	13	horizon	horizon	PROPN
fsr-3478	339	14	)	)	PUNCT
fsr-3478	339	15	are	be	AUX
fsr-3478	339	16	significant	significant	ADJ
fsr-3478	339	17	across	across	ADP
fsr-3478	339	18	all	all	DET
fsr-3478	339	19	three	three	NUM
fsr-3478	339	20	values	value	NOUN
fsr-3478	339	21	of	of	ADP
fsr-3478	339	22	allocation	allocation	NOUN
fsr-3478	339	23	,	,	PUNCT
fsr-3478	339	24	as	as	SCONJ
fsr-3478	339	25	are	be	AUX
fsr-3478	339	26	the	the	DET
fsr-3478	339	27	chance	chance	NOUN
fsr-3478	339	28	variables	variable	NOUN
fsr-3478	339	29	(	(	PUNCT
fsr-3478	339	30	early	early	ADJ
fsr-3478	339	31	experience	experience	NOUN
fsr-3478	339	32	,	,	PUNCT
fsr-3478	339	33	return	return	NOUN
fsr-3478	339	34	,	,	PUNCT
fsr-3478	339	35	and	and	CCONJ
fsr-3478	339	36	risk	risk	NOUN
fsr-3478	339	37	)	)	PUNCT
fsr-3478	339	38	.	.	PUNCT
fsr-3478	340	1	the	the	DET
fsr-3478	340	2	negative	negative	ADJ
fsr-3478	340	3	sign	sign	NOUN
fsr-3478	340	4	on	on	ADP
fsr-3478	340	5	withdrawal	withdrawal	NOUN
fsr-3478	340	6	rate	rate	NOUN
fsr-3478	340	7	indicates	indicate	VERB
fsr-3478	340	8	a	a	DET
fsr-3478	340	9	lower	low	ADJ
fsr-3478	340	10	probability	probability	NOUN
fsr-3478	340	11	of	of	ADP
fsr-3478	340	12	portfolio	portfolio	NOUN
fsr-3478	340	13	success	success	NOUN
fsr-3478	340	14	at	at	ADP
fsr-3478	340	15	higher	high	ADJ
fsr-3478	340	16	withdrawal	withdrawal	NOUN
fsr-3478	340	17	rates	rate	NOUN
fsr-3478	340	18	.	.	PUNCT
fsr-3478	341	1	this	this	DET
fsr-3478	341	2	effect	effect	NOUN
fsr-3478	341	3	is	be	AUX
fsr-3478	341	4	most	most	ADV
fsr-3478	341	5	pronounced	pronounce	VERB
fsr-3478	341	6	for	for	ADP
fsr-3478	341	7	the	the	DET
fsr-3478	341	8	conservative	conservative	ADJ
fsr-3478	341	9	portfolio	portfolio	NOUN
fsr-3478	341	10	allocation	allocation	NOUN
fsr-3478	341	11	—	—	PUNCT
fsr-3478	341	12	the	the	DET
fsr-3478	341	13	probability	probability	NOUN
fsr-3478	341	14	of	of	ADP
fsr-3478	341	15	portfolio	portfolio	NOUN
fsr-3478	341	16	success	success	NOUN
fsr-3478	341	17	changes	change	NOUN
fsr-3478	341	18	by	by	ADP
fsr-3478	341	19	�	�	NOUN
fsr-3478	341	20	0.1962	0.1962	NUM
fsr-3478	341	21	for	for	ADP
fsr-3478	341	22	a	a	DET
fsr-3478	341	23	1	1	NUM
fsr-3478	341	24	-	-	PUNCT
fsr-3478	341	25	level	level	NOUN
fsr-3478	341	26	change	change	NOUN
fsr-3478	341	27	in	in	ADP
fsr-3478	341	28	withdrawal	withdrawal	NOUN
fsr-3478	341	29	rate	rate	NOUN
fsr-3478	341	30	.	.	PUNCT
fsr-3478	342	1	retirees	retiree	NOUN
fsr-3478	342	2	who	who	PRON
fsr-3478	342	3	select	select	VERB
fsr-3478	342	4	a	a	DET
fsr-3478	342	5	conservative	conservative	ADJ
fsr-3478	342	6	portfolio	portfolio	NOUN
fsr-3478	342	7	allocation	allocation	NOUN
fsr-3478	342	8	will	will	AUX
fsr-3478	342	9	find	find	VERB
fsr-3478	342	10	that	that	SCONJ
fsr-3478	342	11	the	the	DET
fsr-3478	342	12	probability	probability	NOUN
fsr-3478	342	13	of	of	ADP
fsr-3478	342	14	portfolio	portfolio	NOUN
fsr-3478	342	15	success	success	NOUN
fsr-3478	342	16	is	be	AUX
fsr-3478	342	17	more	more	ADV
fsr-3478	342	18	sensitive	sensitive	ADJ
fsr-3478	342	19	to	to	ADP
fsr-3478	342	20	the	the	DET
fsr-3478	342	21	determinants	determinant	NOUN
fsr-3478	342	22	of	of	ADP
fsr-3478	342	23	portfolio	portfolio	NOUN
fsr-3478	342	24	success	success	NOUN
fsr-3478	342	25	,	,	PUNCT
fsr-3478	342	26	as	as	SCONJ
fsr-3478	342	27	compared	compare	VERB
fsr-3478	342	28	with	with	ADP
fsr-3478	342	29	selecting	select	VERB
fsr-3478	342	30	a	a	DET
fsr-3478	342	31	conservative	conservative	ADJ
fsr-3478	342	32	or	or	CCONJ
fsr-3478	342	33	aggressive	aggressive	ADJ
fsr-3478	342	34	allocation	allocation	NOUN
fsr-3478	342	35	.	.	PUNCT
fsr-3478	343	1	6	6	X
fsr-3478	343	2	.	.	X
fsr-3478	343	3	concluding	conclude	VERB
fsr-3478	343	4	comments	comment	NOUN
fsr-3478	343	5	this	this	DET
fsr-3478	343	6	analysis	analysis	NOUN
fsr-3478	343	7	has	have	AUX
fsr-3478	343	8	examined	examine	VERB
fsr-3478	343	9	the	the	DET
fsr-3478	343	10	impact	impact	NOUN
fsr-3478	343	11	of	of	ADP
fsr-3478	343	12	various	various	ADJ
fsr-3478	343	13	retiree	retiree	NOUN
fsr-3478	343	14	-	-	PUNCT
fsr-3478	343	15	determined	determine	VERB
fsr-3478	343	16	and	and	CCONJ
fsr-3478	343	17	chance	chance	NOUN
fsr-3478	343	18	variables	variable	NOUN
fsr-3478	343	19	on	on	ADP
fsr-3478	343	20	the	the	DET
fsr-3478	343	21	probability	probability	NOUN
fsr-3478	343	22	of	of	ADP
fsr-3478	343	23	portfolio	portfolio	NOUN
fsr-3478	343	24	success	success	NOUN
fsr-3478	343	25	.	.	PUNCT
fsr-3478	344	1	the	the	DET
fsr-3478	344	2	results	result	NOUN
fsr-3478	344	3	of	of	ADP
fsr-3478	344	4	this	this	DET
fsr-3478	344	5	analysis	analysis	NOUN
fsr-3478	344	6	provide	provide	VERB
fsr-3478	344	7	retirees	retiree	NOUN
fsr-3478	344	8	with	with	ADP
fsr-3478	344	9	specific	specific	ADJ
fsr-3478	344	10	information	information	NOUN
fsr-3478	344	11	about	about	ADP
fsr-3478	344	12	the	the	DET
fsr-3478	344	13	impact	impact	NOUN
fsr-3478	344	14	their	their	PRON
fsr-3478	344	15	actions	action	NOUN
fsr-3478	344	16	may	may	AUX
fsr-3478	344	17	have	have	VERB
fsr-3478	344	18	on	on	ADP
fsr-3478	344	19	the	the	DET
fsr-3478	344	20	probability	probability	NOUN
fsr-3478	344	21	of	of	ADP
fsr-3478	344	22	portfolio	portfolio	NOUN
fsr-3478	344	23	success	success	NOUN
fsr-3478	344	24	.	.	PUNCT
fsr-3478	345	1	while	while	SCONJ
fsr-3478	345	2	the	the	DET
fsr-3478	345	3	chance	chance	NOUN
fsr-3478	345	4	variables	variable	VERB
fsr-3478	345	5	,	,	PUNCT
fsr-3478	345	6	by	by	ADP
fsr-3478	345	7	definition	definition	NOUN
fsr-3478	345	8	can	can	AUX
fsr-3478	345	9	not	not	PART
fsr-3478	345	10	be	be	AUX
fsr-3478	345	11	controlled	control	VERB
fsr-3478	345	12	,	,	PUNCT
fsr-3478	345	13	retirees	retiree	NOUN
fsr-3478	345	14	may	may	AUX
fsr-3478	345	15	be	be	AUX
fsr-3478	345	16	able	able	ADJ
fsr-3478	345	17	to	to	PART
fsr-3478	345	18	mitigate	mitigate	VERB
fsr-3478	345	19	the	the	DET
fsr-3478	345	20	risk	risk	NOUN
fsr-3478	345	21	of	of	ADP
fsr-3478	345	22	portfolio	portfolio	NOUN
fsr-3478	345	23	failure	failure	NOUN
fsr-3478	345	24	by	by	ADP
fsr-3478	345	25	using	use	VERB
fsr-3478	345	26	intermediate	intermediate	ADJ
fsr-3478	345	27	targets	target	NOUN
fsr-3478	345	28	like	like	ADP
fsr-3478	345	29	early	early	ADJ
fsr-3478	345	30	experience	experience	NOUN
fsr-3478	345	31	to	to	PART
fsr-3478	345	32	determine	determine	VERB
fsr-3478	345	33	the	the	DET
fsr-3478	345	34	need	need	NOUN
fsr-3478	345	35	for	for	ADP
fsr-3478	345	36	midterm	midterm	NOUN
fsr-3478	345	37	corrections	correction	NOUN
fsr-3478	345	38	to	to	ADP
fsr-3478	345	39	the	the	DET
fsr-3478	345	40	retirement	retirement	NOUN
fsr-3478	345	41	plan	plan	NOUN
fsr-3478	345	42	.	.	PUNCT
fsr-3478	346	1	the	the	DET
fsr-3478	346	2	results	result	NOUN
fsr-3478	346	3	of	of	ADP
fsr-3478	346	4	the	the	DET
fsr-3478	346	5	analysis	analysis	NOUN
fsr-3478	346	6	confirm	confirm	VERB
fsr-3478	346	7	that	that	SCONJ
fsr-3478	346	8	portfolio	portfolio	NOUN
fsr-3478	346	9	success	success	NOUN
fsr-3478	346	10	is	be	AUX
fsr-3478	346	11	impacted	impact	VERB
fsr-3478	346	12	by	by	ADP
fsr-3478	346	13	both	both	DET
fsr-3478	346	14	retiree	retiree	NOUN
fsr-3478	346	15	-	-	PUNCT
fsr-3478	346	16	determined	determine	VERB
fsr-3478	346	17	variables	variable	NOUN
fsr-3478	346	18	(	(	PUNCT
fsr-3478	346	19	allocation	allocation	NOUN
fsr-3478	346	20	,	,	PUNCT
fsr-3478	346	21	withdrawal	withdrawal	NOUN
fsr-3478	346	22	rate	rate	NOUN
fsr-3478	346	23	,	,	PUNCT
fsr-3478	346	24	and	and	CCONJ
fsr-3478	346	25	planning	plan	VERB
fsr-3478	346	26	horizon	horizon	NOUN
fsr-3478	346	27	)	)	PUNCT
fsr-3478	346	28	and	and	CCONJ
fsr-3478	346	29	chance	chance	NOUN
fsr-3478	346	30	variables	variable	NOUN
fsr-3478	346	31	(	(	PUNCT
fsr-3478	346	32	the	the	DET
fsr-3478	346	33	profile	profile	NOUN
fsr-3478	346	34	of	of	ADP
fsr-3478	346	35	portfolio	portfolio	NOUN
fsr-3478	346	36	returns	return	NOUN
fsr-3478	346	37	includes	include	VERB
fsr-3478	346	38	return	return	NOUN
fsr-3478	346	39	,	,	PUNCT
fsr-3478	346	40	risk	risk	NOUN
fsr-3478	346	41	,	,	PUNCT
fsr-3478	346	42	and	and	CCONJ
fsr-3478	346	43	early	early	ADJ
fsr-3478	346	44	experience	experience	NOUN
fsr-3478	346	45	)	)	PUNCT
fsr-3478	346	46	.	.	PUNCT
fsr-3478	347	1	however	however	ADV
fsr-3478	347	2	,	,	PUNCT
fsr-3478	347	3	the	the	DET
fsr-3478	347	4	relative	relative	ADJ
fsr-3478	347	5	impact	impact	NOUN
fsr-3478	347	6	of	of	ADP
fsr-3478	347	7	each	each	PRON
fsr-3478	347	8	of	of	ADP
fsr-3478	347	9	these	these	DET
fsr-3478	347	10	variables	variable	NOUN
fsr-3478	347	11	differs	differ	NOUN
fsr-3478	347	12	.	.	PUNCT
fsr-3478	348	1	withdrawal	withdrawal	NOUN
fsr-3478	348	2	rate	rate	NOUN
fsr-3478	348	3	is	be	AUX
fsr-3478	348	4	the	the	DET
fsr-3478	348	5	most	most	ADV
fsr-3478	348	6	significant	significant	ADJ
fsr-3478	348	7	driver	driver	NOUN
fsr-3478	348	8	of	of	ADP
fsr-3478	348	9	portfolio	portfolio	NOUN
fsr-3478	348	10	success	success	NOUN
fsr-3478	348	11	,	,	PUNCT
fsr-3478	348	12	and	and	CCONJ
fsr-3478	348	13	though	though	SCONJ
fsr-3478	348	14	relevant	relevant	ADJ
fsr-3478	348	15	,	,	PUNCT
fsr-3478	348	16	early	early	ADJ
fsr-3478	348	17	experience	experience	NOUN
fsr-3478	348	18	is	be	AUX
fsr-3478	348	19	not	not	PART
fsr-3478	348	20	as	as	ADV
fsr-3478	348	21	significant	significant	ADJ
fsr-3478	348	22	.	.	PUNCT
fsr-3478	349	1	retirees	retiree	NOUN
fsr-3478	349	2	who	who	PRON
fsr-3478	349	3	select	select	VERB
fsr-3478	349	4	a	a	DET
fsr-3478	349	5	conservative	conservative	ADJ
fsr-3478	349	6	portfolio	portfolio	NOUN
fsr-3478	349	7	allocation	allocation	NOUN
fsr-3478	349	8	will	will	AUX
fsr-3478	349	9	find	find	VERB
fsr-3478	349	10	that	that	SCONJ
fsr-3478	349	11	their	their	PRON
fsr-3478	349	12	portfolio	portfolio	NOUN
fsr-3478	349	13	success	success	NOUN
fsr-3478	349	14	is	be	AUX
fsr-3478	349	15	much	much	ADV
fsr-3478	349	16	more	more	ADV
fsr-3478	349	17	sensitive	sensitive	ADJ
fsr-3478	349	18	to	to	ADP
fsr-3478	349	19	the	the	DET
fsr-3478	349	20	explanatory	explanatory	ADJ
fsr-3478	349	21	variables	variable	NOUN
fsr-3478	349	22	,	,	PUNCT
fsr-3478	349	23	when	when	SCONJ
fsr-3478	349	24	compared	compare	VERB
fsr-3478	349	25	with	with	ADP
fsr-3478	349	26	retirees	retiree	NOUN
fsr-3478	349	27	who	who	PRON
fsr-3478	349	28	select	select	VERB
fsr-3478	349	29	other	other	ADJ
fsr-3478	349	30	allocations	allocation	NOUN
fsr-3478	349	31	.	.	PUNCT
fsr-3478	350	1	conservative	conservative	ADJ
fsr-3478	350	2	portfolio	portfolio	NOUN
fsr-3478	350	3	allocations	allocation	NOUN
fsr-3478	350	4	also	also	ADV
fsr-3478	350	5	result	result	VERB
fsr-3478	350	6	in	in	ADP
fsr-3478	350	7	wide	wide	ADJ
fsr-3478	350	8	variations	variation	NOUN
fsr-3478	350	9	in	in	ADP
fsr-3478	350	10	portfolio	portfolio	NOUN
fsr-3478	350	11	success	success	NOUN
fsr-3478	350	12	outcomes	outcome	NOUN
fsr-3478	350	13	,	,	PUNCT
fsr-3478	350	14	while	while	SCONJ
fsr-3478	350	15	aggressive	aggressive	ADJ
fsr-3478	350	16	portfolio	portfolio	NOUN
fsr-3478	350	17	allocations	allocation	NOUN
fsr-3478	350	18	result	result	VERB
fsr-3478	350	19	in	in	ADP
fsr-3478	350	20	relatively	relatively	ADV
fsr-3478	350	21	narrow	narrow	ADJ
fsr-3478	350	22	variations	variation	NOUN
fsr-3478	350	23	table	table	NOUN
fsr-3478	350	24	6	6	NUM
fsr-3478	350	25	determinants	determinant	NOUN
fsr-3478	350	26	of	of	ADP
fsr-3478	350	27	portfolio	portfolio	NOUN
fsr-3478	350	28	success	success	NOUN
fsr-3478	350	29	(	(	PUNCT
fsr-3478	350	30	partitioned	partition	VERB
fsr-3478	350	31	by	by	ADP
fsr-3478	350	32	portfolio	portfolio	NOUN
fsr-3478	350	33	allocation	allocation	NOUN
fsr-3478	350	34	)	)	PUNCT
fsr-3478	350	35	aggressive	aggressive	ADJ
fsr-3478	350	36	balanced	balanced	ADJ
fsr-3478	350	37	conservative	conservative	ADJ
fsr-3478	350	38	coefficient	coefficient	NOUN
fsr-3478	350	39	marginal	marginal	ADJ
fsr-3478	350	40	effect	effect	NOUN
fsr-3478	350	41	coefficient	coefficient	NOUN
fsr-3478	350	42	marginal	marginal	ADJ
fsr-3478	350	43	effect	effect	NOUN
fsr-3478	350	44	coefficient	coefficient	NOUN
fsr-3478	350	45	marginal	marginal	ADJ
fsr-3478	350	46	effect	effect	NOUN
fsr-3478	350	47	intercept	intercept	VERB
fsr-3478	350	48	14.62	14.62	NUM
fsr-3478	350	49	16.12	16.12	NUM
fsr-3478	350	50	24.98	24.98	NUM
fsr-3478	350	51	withdrawal	withdrawal	NOUN
fsr-3478	350	52	rate	rate	NOUN
fsr-3478	350	53	�	�	PROPN
fsr-3478	350	54	2.11	2.11	NUM
fsr-3478	350	55	�	�	PROPN
fsr-3478	350	56	0.0814	0.0814	NUM
fsr-3478	350	57	�	�	PROPN
fsr-3478	350	58	2.84	2.84	NUM
fsr-3478	350	59	�	�	NUM
fsr-3478	350	60	0.1137	0.1137	NUM
fsr-3478	350	61	�	�	PROPN
fsr-3478	350	62	4.62	4.62	NUM
fsr-3478	350	63	�	�	PROPN
fsr-3478	350	64	0.1962	0.1962	NUM
fsr-3478	350	65	horizon	horizon	NOUN
fsr-3478	350	66	�	�	PROPN
fsr-3478	350	67	0.26	0.26	NUM
fsr-3478	350	68	�	�	PROPN
fsr-3478	350	69	0.0101	0.0101	NUM
fsr-3478	350	70	�	�	PROPN
fsr-3478	350	71	0.32	0.32	NUM
fsr-3478	350	72	�	�	PROPN
fsr-3478	350	73	0.0126	0.0126	NUM
fsr-3478	350	74	�	�	PROPN
fsr-3478	350	75	0.55	0.55	NUM
fsr-3478	350	76	�	�	NOUN
fsr-3478	350	77	0.0232	0.0232	NUM
fsr-3478	350	78	early	early	ADJ
fsr-3478	350	79	experience	experience	NOUN
fsr-3478	350	80	0.06	0.06	NUM
fsr-3478	350	81	0.0023	0.0023	NUM
fsr-3478	350	82	0.07	0.07	NUM
fsr-3478	350	83	0.0030	0.0030	NUM
fsr-3478	350	84	0.11	0.11	NUM
fsr-3478	350	85	0.0045	0.0045	NUM
fsr-3478	350	86	return	return	NOUN
fsr-3478	350	87	0.93	0.93	NUM
fsr-3478	350	88	0.0360	0.0360	NUM
fsr-3478	350	89	1.26	1.26	NUM
fsr-3478	350	90	0.0506	0.0506	NUM
fsr-3478	350	91	2.18	2.18	NUM
fsr-3478	350	92	0.0926	0.0926	NUM
fsr-3478	350	93	risk	risk	NOUN
fsr-3478	350	94	�	�	PROPN
fsr-3478	350	95	0.31	0.31	NUM
fsr-3478	350	96	�	�	PROPN
fsr-3478	350	97	0.0120	0.0120	NUM
fsr-3478	350	98	�	�	PROPN
fsr-3478	350	99	0.29	0.29	NUM
fsr-3478	350	100	�	�	PROPN
fsr-3478	350	101	0.0117	0.0117	NUM
fsr-3478	350	102	�	�	PROPN
fsr-3478	350	103	0.38	0.38	NUM
fsr-3478	350	104	�	�	PROPN
fsr-3478	350	105	0.0163	0.0163	NUM
fsr-3478	350	106	r2	r2	NOUN
fsr-3478	350	107	66	66	NUM
fsr-3478	350	108	%	%	NOUN
fsr-3478	350	109	68	68	NUM
fsr-3478	350	110	%	%	NOUN
fsr-3478	350	111	75	75	NUM
fsr-3478	350	112	%	%	NOUN
fsr-3478	350	113	note	note	NOUN
fsr-3478	350	114	.	.	PUNCT
fsr-3478	351	1	n=	n=	ADJ
fsr-3478	351	2	10,000	10,000	NUM
fsr-3478	351	3	for	for	ADP
fsr-3478	351	4	each	each	PRON
fsr-3478	351	5	of	of	ADP
fsr-3478	351	6	the	the	DET
fsr-3478	351	7	three	three	NUM
fsr-3478	351	8	partitions	partition	NOUN
fsr-3478	351	9	.	.	PUNCT
fsr-3478	352	1	all	all	DET
fsr-3478	352	2	coefficients	coefficient	NOUN
fsr-3478	352	3	are	be	AUX
fsr-3478	352	4	significant	significant	ADJ
fsr-3478	352	5	at	at	ADP
fsr-3478	352	6	the	the	DET
fsr-3478	352	7	1	1	NUM
fsr-3478	352	8	%	%	NOUN
fsr-3478	352	9	level	level	NOUN
fsr-3478	352	10	.	.	PUNCT
fsr-3478	353	1	this	this	DET
fsr-3478	353	2	table	table	NOUN
fsr-3478	353	3	presents	present	VERB
fsr-3478	353	4	the	the	DET
fsr-3478	353	5	results	result	NOUN
fsr-3478	353	6	of	of	ADP
fsr-3478	353	7	the	the	DET
fsr-3478	353	8	logistic	logistic	ADJ
fsr-3478	353	9	regressions	regression	NOUN
fsr-3478	353	10	(	(	PUNCT
fsr-3478	353	11	sample	sample	NOUN
fsr-3478	353	12	partitioned	partition	VERB
fsr-3478	353	13	by	by	ADP
fsr-3478	353	14	portfolio	portfolio	NOUN
fsr-3478	353	15	allocation	allocation	NOUN
fsr-3478	353	16	)	)	PUNCT
fsr-3478	353	17	analyzing	analyze	VERB
fsr-3478	353	18	the	the	DET
fsr-3478	353	19	impact	impact	NOUN
fsr-3478	353	20	of	of	ADP
fsr-3478	353	21	the	the	DET
fsr-3478	353	22	explanatory	explanatory	ADJ
fsr-3478	353	23	variables	variable	NOUN
fsr-3478	353	24	on	on	ADP
fsr-3478	353	25	the	the	DET
fsr-3478	353	26	probability	probability	NOUN
fsr-3478	353	27	of	of	ADP
fsr-3478	353	28	portfolio	portfolio	NOUN
fsr-3478	353	29	success	success	NOUN
fsr-3478	353	30	.	.	PUNCT
fsr-3478	354	1	140	140	NUM
fsr-3478	354	2	m.	m.	NOUN
fsr-3478	354	3	athavale	athavale	PROPN
fsr-3478	354	4	et	et	PROPN
fsr-3478	354	5	al	al	PROPN
fsr-3478	354	6	.	.	PUNCT
fsr-3478	354	7	/	/	SYM
fsr-3478	354	8	financial	financial	ADJ
fsr-3478	354	9	services	service	NOUN
fsr-3478	354	10	review	review	VERB
fsr-3478	354	11	30	30	NUM
fsr-3478	354	12	(	(	PUNCT
fsr-3478	354	13	2022	2022	NUM
fsr-3478	354	14	)	)	PUNCT
fsr-3478	354	15	125–143	125–143	NOUN
fsr-3478	354	16	across	across	ADP
fsr-3478	354	17	different	different	ADJ
fsr-3478	354	18	withdrawal	withdrawal	NOUN
fsr-3478	354	19	rates	rate	NOUN
fsr-3478	354	20	.	.	PUNCT
fsr-3478	355	1	these	these	DET
fsr-3478	355	2	results	result	NOUN
fsr-3478	355	3	are	be	AUX
fsr-3478	355	4	consistent	consistent	ADJ
fsr-3478	355	5	with	with	ADP
fsr-3478	355	6	the	the	DET
fsr-3478	355	7	ho	ho	ADJ
fsr-3478	355	8	,	,	PUNCT
fsr-3478	355	9	milevsky	milevsky	NOUN
fsr-3478	355	10	,	,	PUNCT
fsr-3478	355	11	and	and	CCONJ
fsr-3478	355	12	robinson	robinson	PROPN
fsr-3478	355	13	(	(	PUNCT
fsr-3478	355	14	1994	1994	NUM
fsr-3478	355	15	)	)	PUNCT
fsr-3478	355	16	assertion	assertion	NOUN
fsr-3478	355	17	that	that	SCONJ
fsr-3478	355	18	equity	equity	NOUN
fsr-3478	355	19	should	should	AUX
fsr-3478	355	20	have	have	AUX
fsr-3478	355	21	a	a	DET
fsr-3478	355	22	bigger	big	ADJ
fsr-3478	355	23	role	role	NOUN
fsr-3478	355	24	in	in	ADP
fsr-3478	355	25	retirement	retirement	NOUN
fsr-3478	355	26	portfolios	portfolio	NOUN
fsr-3478	355	27	than	than	SCONJ
fsr-3478	355	28	is	be	AUX
fsr-3478	355	29	recommended	recommend	VERB
fsr-3478	355	30	by	by	ADP
fsr-3478	355	31	most	most	ADJ
fsr-3478	355	32	financial	financial	ADJ
fsr-3478	355	33	planners	planner	NOUN
fsr-3478	355	34	.	.	PUNCT
fsr-3478	356	1	the	the	DET
fsr-3478	356	2	actual	actual	ADJ
fsr-3478	356	3	return	return	NOUN
fsr-3478	356	4	to	to	ADP
fsr-3478	356	5	a	a	DET
fsr-3478	356	6	particular	particular	ADJ
fsr-3478	356	7	retiree	retiree	NOUN
fsr-3478	356	8	may	may	AUX
fsr-3478	356	9	differ	differ	VERB
fsr-3478	356	10	from	from	ADP
fsr-3478	356	11	that	that	PRON
fsr-3478	356	12	suggested	suggest	VERB
fsr-3478	356	13	by	by	ADP
fsr-3478	356	14	the	the	DET
fsr-3478	356	15	portfolio	portfolio	NOUN
fsr-3478	356	16	allocation	allocation	NOUN
fsr-3478	356	17	.	.	PUNCT
fsr-3478	357	1	both	both	PRON
fsr-3478	357	2	return	return	VERB
fsr-3478	357	3	and	and	CCONJ
fsr-3478	357	4	risk	risk	NOUN
fsr-3478	357	5	are	be	AUX
fsr-3478	357	6	significant	significant	ADJ
fsr-3478	357	7	in	in	ADP
fsr-3478	357	8	the	the	DET
fsr-3478	357	9	analysis	analysis	NOUN
fsr-3478	357	10	suggesting	suggest	VERB
fsr-3478	357	11	that	that	SCONJ
fsr-3478	357	12	asset	asset	NOUN
fsr-3478	357	13	selection	selection	NOUN
fsr-3478	357	14	within	within	ADP
fsr-3478	357	15	a	a	DET
fsr-3478	357	16	portfolio	portfolio	NOUN
fsr-3478	357	17	is	be	AUX
fsr-3478	357	18	important	important	ADJ
fsr-3478	357	19	to	to	ADP
fsr-3478	357	20	mitigating	mitigate	VERB
fsr-3478	357	21	any	any	DET
fsr-3478	357	22	adverse	adverse	ADJ
fsr-3478	357	23	effect	effect	NOUN
fsr-3478	357	24	that	that	SCONJ
fsr-3478	357	25	these	these	DET
fsr-3478	357	26	variables	variable	NOUN
fsr-3478	357	27	would	would	AUX
fsr-3478	357	28	have	have	VERB
fsr-3478	357	29	on	on	ADP
fsr-3478	357	30	portfolio	portfolio	NOUN
fsr-3478	357	31	success	success	NOUN
fsr-3478	357	32	.	.	PUNCT
fsr-3478	358	1	the	the	DET
fsr-3478	358	2	early	early	ADJ
fsr-3478	358	3	experience	experience	NOUN
fsr-3478	358	4	variable	variable	NOUN
fsr-3478	358	5	could	could	AUX
fsr-3478	358	6	serve	serve	VERB
fsr-3478	358	7	as	as	ADP
fsr-3478	358	8	an	an	DET
fsr-3478	358	9	early	early	ADJ
fsr-3478	358	10	indicator	indicator	NOUN
fsr-3478	358	11	of	of	ADP
fsr-3478	358	12	the	the	DET
fsr-3478	358	13	need	need	NOUN
fsr-3478	358	14	for	for	ADP
fsr-3478	358	15	midterm	midterm	NOUN
fsr-3478	358	16	course	course	NOUN
fsr-3478	358	17	corrections	correction	NOUN
fsr-3478	358	18	to	to	ADP
fsr-3478	358	19	the	the	DET
fsr-3478	358	20	retirement	retirement	NOUN
fsr-3478	358	21	plan	plan	NOUN
fsr-3478	358	22	with	with	ADP
fsr-3478	358	23	the	the	DET
fsr-3478	358	24	withdrawal	withdrawal	NOUN
fsr-3478	358	25	rate	rate	NOUN
fsr-3478	358	26	serving	serve	VERB
fsr-3478	358	27	as	as	ADP
fsr-3478	358	28	the	the	DET
fsr-3478	358	29	transmission	transmission	NOUN
fsr-3478	358	30	mechanism	mechanism	NOUN
fsr-3478	358	31	for	for	ADP
fsr-3478	358	32	portfolio	portfolio	NOUN
fsr-3478	358	33	success	success	NOUN
fsr-3478	358	34	.	.	PUNCT
fsr-3478	359	1	planning	plan	VERB
fsr-3478	359	2	for	for	ADP
fsr-3478	359	3	success	success	NOUN
fsr-3478	359	4	in	in	ADP
fsr-3478	359	5	sustaining	sustain	VERB
fsr-3478	359	6	a	a	DET
fsr-3478	359	7	retirement	retirement	NOUN
fsr-3478	359	8	portfolio	portfolio	NOUN
fsr-3478	359	9	would	would	AUX
fsr-3478	359	10	be	be	AUX
fsr-3478	359	11	incomplete	incomplete	ADJ
fsr-3478	359	12	without	without	ADP
fsr-3478	359	13	also	also	ADV
fsr-3478	359	14	discussing	discuss	VERB
fsr-3478	359	15	other	other	ADJ
fsr-3478	359	16	issues	issue	NOUN
fsr-3478	359	17	which	which	PRON
fsr-3478	359	18	arise	arise	VERB
fsr-3478	359	19	even	even	ADV
fsr-3478	359	20	in	in	ADP
fsr-3478	359	21	the	the	DET
fsr-3478	359	22	event	event	NOUN
fsr-3478	359	23	of	of	ADP
fsr-3478	359	24	portfolio	portfolio	NOUN
fsr-3478	359	25	success	success	NOUN
fsr-3478	359	26	.	.	PUNCT
fsr-3478	360	1	in	in	ADP
fsr-3478	360	2	the	the	DET
fsr-3478	360	3	event	event	NOUN
fsr-3478	360	4	of	of	ADP
fsr-3478	360	5	portfolio	portfolio	NOUN
fsr-3478	360	6	success	success	NOUN
fsr-3478	360	7	,	,	PUNCT
fsr-3478	360	8	by	by	ADP
fsr-3478	360	9	definition	definition	NOUN
fsr-3478	360	10	,	,	PUNCT
fsr-3478	360	11	there	there	PRON
fsr-3478	360	12	is	be	VERB
fsr-3478	360	13	a	a	DET
fsr-3478	360	14	residual	residual	ADJ
fsr-3478	360	15	(	(	PUNCT
fsr-3478	360	16	unconsumed	unconsumed	ADJ
fsr-3478	360	17	)	)	PUNCT
fsr-3478	360	18	portfolio	portfolio	NOUN
fsr-3478	360	19	balance	balance	NOUN
fsr-3478	360	20	.	.	PUNCT
fsr-3478	361	1	this	this	DET
fsr-3478	361	2	reduced	reduce	VERB
fsr-3478	361	3	consumption	consumption	NOUN
fsr-3478	361	4	over	over	ADP
fsr-3478	361	5	the	the	DET
fsr-3478	361	6	retirement	retirement	NOUN
fsr-3478	361	7	horizon	horizon	NOUN
fsr-3478	361	8	is	be	AUX
fsr-3478	361	9	the	the	DET
fsr-3478	361	10	prudent	prudent	ADJ
fsr-3478	361	11	reality	reality	NOUN
fsr-3478	361	12	of	of	ADP
fsr-3478	361	13	dealing	deal	VERB
fsr-3478	361	14	with	with	ADP
fsr-3478	361	15	an	an	DET
fsr-3478	361	16	uncertain	uncertain	ADJ
fsr-3478	361	17	future	future	NOUN
fsr-3478	361	18	in	in	ADP
fsr-3478	361	19	the	the	DET
fsr-3478	361	20	absence	absence	NOUN
fsr-3478	361	21	of	of	ADP
fsr-3478	361	22	well	well	ADV
fsr-3478	361	23	-	-	PUNCT
fsr-3478	361	24	accepted	accept	VERB
fsr-3478	361	25	instruments	instrument	NOUN
fsr-3478	361	26	that	that	PRON
fsr-3478	361	27	can	can	AUX
fsr-3478	361	28	capture	capture	VERB
fsr-3478	361	29	the	the	DET
fsr-3478	361	30	value	value	NOUN
fsr-3478	361	31	of	of	ADP
fsr-3478	361	32	a	a	DET
fsr-3478	361	33	potential	potential	ADJ
fsr-3478	361	34	future	future	ADJ
fsr-3478	361	35	surplus	surplus	NOUN
fsr-3478	361	36	.	.	PUNCT
fsr-3478	362	1	another	another	DET
fsr-3478	362	2	issue	issue	NOUN
fsr-3478	362	3	is	be	AUX
fsr-3478	362	4	the	the	DET
fsr-3478	362	5	possibility	possibility	NOUN
fsr-3478	362	6	of	of	ADP
fsr-3478	362	7	the	the	DET
fsr-3478	362	8	retiree	retiree	NOUN
fsr-3478	362	9	living	live	VERB
fsr-3478	362	10	beyond	beyond	ADP
fsr-3478	362	11	the	the	DET
fsr-3478	362	12	planned	plan	VERB
fsr-3478	362	13	retirement	retirement	NOUN
fsr-3478	362	14	horizon	horizon	NOUN
fsr-3478	362	15	.	.	PUNCT
fsr-3478	363	1	while	while	SCONJ
fsr-3478	363	2	any	any	DET
fsr-3478	363	3	unconsumed	unconsumed	ADJ
fsr-3478	363	4	portfolio	portfolio	NOUN
fsr-3478	363	5	balance	balance	NOUN
fsr-3478	363	6	may	may	AUX
fsr-3478	363	7	serve	serve	VERB
fsr-3478	363	8	to	to	PART
fsr-3478	363	9	mitigate	mitigate	VERB
fsr-3478	363	10	longevity	longevity	NOUN
fsr-3478	363	11	risk	risk	NOUN
fsr-3478	363	12	,	,	PUNCT
fsr-3478	363	13	longevity	longevity	NOUN
fsr-3478	363	14	insurance	insurance	NOUN
fsr-3478	363	15	is	be	AUX
fsr-3478	363	16	also	also	ADV
fsr-3478	363	17	available	available	ADJ
fsr-3478	363	18	in	in	ADP
fsr-3478	363	19	the	the	DET
fsr-3478	363	20	form	form	NOUN
fsr-3478	363	21	of	of	ADP
fsr-3478	363	22	a	a	DET
fsr-3478	363	23	single	single	ADJ
fsr-3478	363	24	-	-	PUNCT
fsr-3478	363	25	premium	premium	NOUN
fsr-3478	363	26	deferred	defer	VERB
fsr-3478	363	27	inflation	inflation	NOUN
fsr-3478	363	28	-	-	PUNCT
fsr-3478	363	29	indexed	index	VERB
fsr-3478	363	30	fixed	fix	VERB
fsr-3478	363	31	life	life	NOUN
fsr-3478	363	32	annuity	annuity	NOUN
fsr-3478	363	33	,	,	PUNCT
fsr-3478	363	34	and	and	CCONJ
fsr-3478	363	35	this	this	PRON
fsr-3478	363	36	could	could	AUX
fsr-3478	363	37	allow	allow	VERB
fsr-3478	363	38	real	real	ADJ
fsr-3478	363	39	consumption	consumption	NOUN
fsr-3478	363	40	at	at	ADP
fsr-3478	363	41	the	the	DET
fsr-3478	363	42	same	same	ADJ
fsr-3478	363	43	level	level	NOUN
fsr-3478	363	44	as	as	ADP
fsr-3478	363	45	that	that	PRON
fsr-3478	363	46	experienced	experience	VERB
fsr-3478	363	47	during	during	ADP
fsr-3478	363	48	the	the	DET
fsr-3478	363	49	expected	expect	VERB
fsr-3478	363	50	retirement	retirement	NOUN
fsr-3478	363	51	years	year	NOUN
fsr-3478	363	52	.	.	PUNCT
fsr-3478	364	1	and	and	CCONJ
fsr-3478	364	2	finally	finally	ADV
fsr-3478	364	3	,	,	PUNCT
fsr-3478	364	4	many	many	ADJ
fsr-3478	364	5	financial	financial	ADJ
fsr-3478	364	6	planners	planner	NOUN
fsr-3478	364	7	recommend	recommend	VERB
fsr-3478	364	8	that	that	SCONJ
fsr-3478	364	9	retirees	retiree	NOUN
fsr-3478	364	10	maintain	maintain	VERB
fsr-3478	364	11	a	a	DET
fsr-3478	364	12	cash	cash	NOUN
fsr-3478	364	13	bucket	bucket	NOUN
fsr-3478	364	14	outside	outside	ADP
fsr-3478	364	15	their	their	PRON
fsr-3478	364	16	invested	invest	VERB
fsr-3478	364	17	portfolio	portfolio	NOUN
fsr-3478	364	18	as	as	ADP
fsr-3478	364	19	part	part	NOUN
fsr-3478	364	20	of	of	ADP
fsr-3478	364	21	their	their	PRON
fsr-3478	364	22	overall	overall	ADJ
fsr-3478	364	23	strategy	strategy	NOUN
fsr-3478	364	24	.	.	PUNCT
fsr-3478	365	1	this	this	DET
fsr-3478	365	2	cash	cash	NOUN
fsr-3478	365	3	bucket	bucket	NOUN
fsr-3478	365	4	is	be	AUX
fsr-3478	365	5	intended	intend	VERB
fsr-3478	365	6	to	to	PART
fsr-3478	365	7	meet	meet	VERB
fsr-3478	365	8	unexpected	unexpected	ADJ
fsr-3478	365	9	consumption	consumption	NOUN
fsr-3478	365	10	needs	need	NOUN
fsr-3478	365	11	,	,	PUNCT
fsr-3478	365	12	reduce	reduce	VERB
fsr-3478	365	13	the	the	DET
fsr-3478	365	14	need	need	NOUN
fsr-3478	365	15	to	to	PART
fsr-3478	365	16	liquidate	liquidate	VERB
fsr-3478	365	17	portions	portion	NOUN
fsr-3478	365	18	of	of	ADP
fsr-3478	365	19	the	the	DET
fsr-3478	365	20	invested	invest	VERB
fsr-3478	365	21	portfolio	portfolio	NOUN
fsr-3478	365	22	during	during	ADP
fsr-3478	365	23	market	market	NOUN
fsr-3478	365	24	downturns	downturn	NOUN
fsr-3478	365	25	,	,	PUNCT
fsr-3478	365	26	and	and	CCONJ
fsr-3478	365	27	finance	finance	VERB
fsr-3478	365	28	any	any	DET
fsr-3478	365	29	mismatch	mismatch	NOUN
fsr-3478	365	30	in	in	ADP
fsr-3478	365	31	the	the	DET
fsr-3478	365	32	timing	timing	NOUN
fsr-3478	365	33	of	of	ADP
fsr-3478	365	34	cash	cash	NOUN
fsr-3478	365	35	flows	flow	NOUN
fsr-3478	365	36	.	.	PUNCT
fsr-3478	366	1	when	when	SCONJ
fsr-3478	366	2	it	it	PRON
fsr-3478	366	3	comes	come	VERB
fsr-3478	366	4	to	to	ADP
fsr-3478	366	5	retirement	retirement	NOUN
fsr-3478	366	6	planning	planning	NOUN
fsr-3478	366	7	,	,	PUNCT
fsr-3478	366	8	the	the	DET
fsr-3478	366	9	cost	cost	NOUN
fsr-3478	366	10	of	of	ADP
fsr-3478	366	11	failure	failure	NOUN
fsr-3478	366	12	is	be	AUX
fsr-3478	366	13	high	high	ADJ
fsr-3478	366	14	.	.	PUNCT
fsr-3478	367	1	nevertheless	nevertheless	ADV
fsr-3478	367	2	,	,	PUNCT
fsr-3478	367	3	most	most	ADJ
fsr-3478	367	4	retirees	retiree	NOUN
fsr-3478	367	5	lacking	lack	VERB
fsr-3478	367	6	the	the	DET
fsr-3478	367	7	knowledge	knowledge	NOUN
fsr-3478	367	8	and	and	CCONJ
fsr-3478	367	9	tools	tool	NOUN
fsr-3478	367	10	,	,	PUNCT
fsr-3478	367	11	engage	engage	VERB
fsr-3478	367	12	in	in	ADP
fsr-3478	367	13	wishful	wishful	ADJ
fsr-3478	367	14	thinking	thinking	NOUN
fsr-3478	367	15	rather	rather	ADV
fsr-3478	367	16	than	than	ADP
fsr-3478	367	17	structured	structured	ADJ
fsr-3478	367	18	planning	planning	NOUN
fsr-3478	367	19	.	.	PUNCT
fsr-3478	368	1	retirement	retirement	NOUN
fsr-3478	368	2	planning	planning	NOUN
fsr-3478	368	3	is	be	AUX
fsr-3478	368	4	complex	complex	ADJ
fsr-3478	368	5	and	and	CCONJ
fsr-3478	368	6	has	have	VERB
fsr-3478	368	7	inherently	inherently	ADV
fsr-3478	368	8	uncertain	uncertain	ADJ
fsr-3478	368	9	outcomes	outcome	NOUN
fsr-3478	368	10	.	.	PUNCT
fsr-3478	369	1	this	this	DET
fsr-3478	369	2	analysis	analysis	NOUN
fsr-3478	369	3	is	be	AUX
fsr-3478	369	4	a	a	DET
fsr-3478	369	5	simple	simple	ADJ
fsr-3478	369	6	and	and	CCONJ
fsr-3478	369	7	imperfect	imperfect	ADJ
fsr-3478	369	8	representation	representation	NOUN
fsr-3478	369	9	of	of	ADP
fsr-3478	369	10	the	the	DET
fsr-3478	369	11	complex	complex	ADJ
fsr-3478	369	12	realities	reality	NOUN
fsr-3478	369	13	of	of	ADP
fsr-3478	369	14	retirement	retirement	NOUN
fsr-3478	369	15	planning	planning	NOUN
fsr-3478	369	16	.	.	PUNCT
fsr-3478	370	1	although	although	SCONJ
fsr-3478	370	2	the	the	DET
fsr-3478	370	3	analyses	analysis	NOUN
fsr-3478	370	4	are	be	AUX
fsr-3478	370	5	simplistic	simplistic	ADJ
fsr-3478	370	6	,	,	PUNCT
fsr-3478	370	7	the	the	DET
fsr-3478	370	8	results	result	NOUN
fsr-3478	370	9	provide	provide	VERB
fsr-3478	370	10	guidance	guidance	NOUN
fsr-3478	370	11	to	to	ADP
fsr-3478	370	12	the	the	DET
fsr-3478	370	13	manner	manner	NOUN
fsr-3478	370	14	in	in	ADP
fsr-3478	370	15	which	which	PRON
fsr-3478	370	16	various	various	ADJ
fsr-3478	370	17	retiree	retiree	NOUN
fsr-3478	370	18	-	-	PUNCT
fsr-3478	370	19	determined	determine	VERB
fsr-3478	370	20	and	and	CCONJ
fsr-3478	370	21	chance	chance	NOUN
fsr-3478	370	22	variables	variable	NOUN
fsr-3478	370	23	impact	impact	NOUN
fsr-3478	370	24	portfolio	portfolio	NOUN
fsr-3478	370	25	success	success	NOUN
fsr-3478	370	26	.	.	PUNCT
fsr-3478	371	1	the	the	DET
fsr-3478	371	2	research	research	NOUN
fsr-3478	371	3	proposed	propose	VERB
fsr-3478	371	4	in	in	ADP
fsr-3478	371	5	this	this	DET
fsr-3478	371	6	study	study	NOUN
fsr-3478	371	7	is	be	AUX
fsr-3478	371	8	a	a	DET
fsr-3478	371	9	topic	topic	NOUN
fsr-3478	371	10	of	of	ADP
fsr-3478	371	11	active	active	ADJ
fsr-3478	371	12	policy	policy	NOUN
fsr-3478	371	13	debate	debate	NOUN
fsr-3478	371	14	,	,	PUNCT
fsr-3478	371	15	and	and	CCONJ
fsr-3478	371	16	may	may	AUX
fsr-3478	371	17	serve	serve	VERB
fsr-3478	371	18	as	as	ADP
fsr-3478	371	19	a	a	DET
fsr-3478	371	20	baseline	baseline	NOUN
fsr-3478	371	21	for	for	ADP
fsr-3478	371	22	additional	additional	ADJ
fsr-3478	371	23	research	research	NOUN
fsr-3478	371	24	and	and	CCONJ
fsr-3478	371	25	sophisticated	sophisticated	ADJ
fsr-3478	371	26	and	and	CCONJ
fsr-3478	371	27	dynamic	dynamic	ADJ
fsr-3478	371	28	models	model	NOUN
fsr-3478	371	29	for	for	ADP
fsr-3478	371	30	generating	generate	VERB
fsr-3478	371	31	lifetime	lifetime	NOUN
fsr-3478	371	32	income	income	NOUN
fsr-3478	371	33	for	for	ADP
fsr-3478	371	34	retirees	retiree	NOUN
fsr-3478	371	35	,	,	PUNCT
fsr-3478	371	36	pension	pension	NOUN
fsr-3478	371	37	funds	fund	NOUN
fsr-3478	371	38	,	,	PUNCT
fsr-3478	371	39	endowments	endowment	NOUN
fsr-3478	371	40	,	,	PUNCT
fsr-3478	371	41	and	and	CCONJ
fsr-3478	371	42	managed	manage	VERB
fsr-3478	371	43	payout	payout	ADJ
fsr-3478	371	44	mutual	mutual	ADJ
fsr-3478	371	45	funds	fund	NOUN
fsr-3478	371	46	.	.	PUNCT
fsr-3478	372	1	this	this	DET
fsr-3478	372	2	research	research	NOUN
fsr-3478	372	3	also	also	ADV
fsr-3478	372	4	has	have	VERB
fsr-3478	372	5	various	various	ADJ
fsr-3478	372	6	limitations	limitation	NOUN
fsr-3478	372	7	.	.	PUNCT
fsr-3478	373	1	the	the	DET
fsr-3478	373	2	simulation	simulation	NOUN
fsr-3478	373	3	methodology	methodology	NOUN
fsr-3478	373	4	requires	require	VERB
fsr-3478	373	5	us	we	PRON
fsr-3478	373	6	to	to	PART
fsr-3478	373	7	specify	specify	VERB
fsr-3478	373	8	the	the	DET
fsr-3478	373	9	unknown	unknown	ADJ
fsr-3478	373	10	future	future	ADJ
fsr-3478	373	11	distribution	distribution	NOUN
fsr-3478	373	12	from	from	ADP
fsr-3478	373	13	which	which	PRON
fsr-3478	373	14	returns	return	NOUN
fsr-3478	373	15	might	might	AUX
fsr-3478	373	16	obtain	obtain	VERB
fsr-3478	373	17	,	,	PUNCT
fsr-3478	373	18	and	and	CCONJ
fsr-3478	373	19	the	the	DET
fsr-3478	373	20	expected	expect	VERB
fsr-3478	373	21	parameters	parameter	NOUN
fsr-3478	373	22	of	of	ADP
fsr-3478	373	23	that	that	DET
fsr-3478	373	24	distribution	distribution	NOUN
fsr-3478	373	25	.	.	PUNCT
fsr-3478	374	1	we	we	PRON
fsr-3478	374	2	have	have	AUX
fsr-3478	374	3	assumed	assume	VERB
fsr-3478	374	4	that	that	SCONJ
fsr-3478	374	5	the	the	DET
fsr-3478	374	6	retiree	retiree	NOUN
fsr-3478	374	7	makes	make	VERB
fsr-3478	374	8	withdrawals	withdrawal	NOUN
fsr-3478	374	9	at	at	ADP
fsr-3478	374	10	the	the	DET
fsr-3478	374	11	end	end	NOUN
fsr-3478	374	12	of	of	ADP
fsr-3478	374	13	every	every	DET
fsr-3478	374	14	year	year	NOUN
fsr-3478	374	15	,	,	PUNCT
fsr-3478	374	16	and	and	CCONJ
fsr-3478	374	17	have	have	AUX
fsr-3478	374	18	not	not	PART
fsr-3478	374	19	considered	consider	VERB
fsr-3478	374	20	monthly	monthly	ADJ
fsr-3478	374	21	or	or	CCONJ
fsr-3478	374	22	quarterly	quarterly	ADJ
fsr-3478	374	23	withdrawals	withdrawal	NOUN
fsr-3478	374	24	.	.	PUNCT
fsr-3478	375	1	we	we	PRON
fsr-3478	375	2	have	have	AUX
fsr-3478	375	3	also	also	ADV
fsr-3478	375	4	implicitly	implicitly	ADV
fsr-3478	375	5	assumed	assume	VERB
fsr-3478	375	6	that	that	SCONJ
fsr-3478	375	7	the	the	DET
fsr-3478	375	8	retire	retire	NOUN
fsr-3478	375	9	may	may	AUX
fsr-3478	375	10	engage	engage	VERB
fsr-3478	375	11	in	in	ADP
fsr-3478	375	12	additional	additional	ADJ
fsr-3478	375	13	retirement	retirement	NOUN
fsr-3478	375	14	planning	planning	NOUN
fsr-3478	375	15	outside	outside	ADP
fsr-3478	375	16	the	the	DET
fsr-3478	375	17	invested	invest	VERB
fsr-3478	375	18	portfolio	portfolio	NOUN
fsr-3478	375	19	(	(	PUNCT
fsr-3478	375	20	e.g.	e.g.	ADV
fsr-3478	375	21	,	,	PUNCT
fsr-3478	375	22	bequests	bequest	NOUN
fsr-3478	375	23	,	,	PUNCT
fsr-3478	375	24	longevity	longevity	NOUN
fsr-3478	375	25	insurance	insurance	NOUN
fsr-3478	375	26	,	,	PUNCT
fsr-3478	375	27	and	and	CCONJ
fsr-3478	375	28	a	a	DET
fsr-3478	375	29	cash	cash	NOUN
fsr-3478	375	30	bucket	bucket	NOUN
fsr-3478	375	31	for	for	ADP
fsr-3478	375	32	liquidity	liquidity	NOUN
fsr-3478	375	33	)	)	PUNCT
fsr-3478	375	34	and	and	CCONJ
fsr-3478	375	35	that	that	SCONJ
fsr-3478	375	36	retirees	retiree	NOUN
fsr-3478	375	37	desire	desire	VERB
fsr-3478	375	38	a	a	DET
fsr-3478	375	39	constant	constant	ADJ
fsr-3478	375	40	level	level	NOUN
fsr-3478	375	41	of	of	ADP
fsr-3478	375	42	real	real	ADJ
fsr-3478	375	43	consumption	consumption	NOUN
fsr-3478	375	44	over	over	ADP
fsr-3478	375	45	the	the	DET
fsr-3478	375	46	retirement	retirement	NOUN
fsr-3478	375	47	horizon	horizon	NOUN
fsr-3478	375	48	.	.	PUNCT
fsr-3478	376	1	and	and	CCONJ
fsr-3478	376	2	finally	finally	ADV
fsr-3478	376	3	,	,	PUNCT
fsr-3478	376	4	our	our	PRON
fsr-3478	376	5	analysis	analysis	NOUN
fsr-3478	376	6	examines	examine	VERB
fsr-3478	376	7	portfolio	portfolio	NOUN
fsr-3478	376	8	success	success	NOUN
fsr-3478	376	9	as	as	ADP
fsr-3478	376	10	a	a	DET
fsr-3478	376	11	binary	binary	ADJ
fsr-3478	376	12	(	(	PUNCT
fsr-3478	376	13	success	success	NOUN
fsr-3478	376	14	/	/	SYM
fsr-3478	376	15	failure	failure	NOUN
fsr-3478	376	16	)	)	PUNCT
fsr-3478	376	17	variable	variable	NOUN
fsr-3478	376	18	but	but	CCONJ
fsr-3478	376	19	does	do	AUX
fsr-3478	376	20	not	not	PART
fsr-3478	376	21	consider	consider	VERB
fsr-3478	376	22	the	the	DET
fsr-3478	376	23	size	size	NOUN
fsr-3478	376	24	of	of	ADP
fsr-3478	376	25	the	the	DET
fsr-3478	376	26	bequest	bequest	NOUN
fsr-3478	376	27	or	or	CCONJ
fsr-3478	376	28	the	the	DET
fsr-3478	376	29	timing	timing	NOUN
fsr-3478	376	30	of	of	ADP
fsr-3478	376	31	the	the	DET
fsr-3478	376	32	portfolio	portfolio	NOUN
fsr-3478	376	33	failure	failure	NOUN
fsr-3478	376	34	as	as	ADP
fsr-3478	376	35	measures	measure	NOUN
fsr-3478	376	36	of	of	ADP
fsr-3478	376	37	the	the	DET
fsr-3478	376	38	extent	extent	NOUN
fsr-3478	376	39	of	of	ADP
fsr-3478	376	40	success	success	NOUN
fsr-3478	376	41	or	or	CCONJ
fsr-3478	376	42	failure	failure	NOUN
fsr-3478	376	43	(	(	PUNCT
fsr-3478	376	44	estrada	estrada	PROPN
fsr-3478	376	45	and	and	CCONJ
fsr-3478	376	46	kritzman	kritzman	NOUN
fsr-3478	376	47	,	,	PUNCT
fsr-3478	376	48	2019	2019	NUM
fsr-3478	376	49	)	)	PUNCT
fsr-3478	376	50	.	.	PUNCT
fsr-3478	377	1	there	there	PRON
fsr-3478	377	2	is	be	VERB
fsr-3478	377	3	no	no	DET
fsr-3478	377	4	“	"	PUNCT
fsr-3478	377	5	one	one	NUM
fsr-3478	377	6	size	size	NOUN
fsr-3478	377	7	fits	fit	VERB
fsr-3478	377	8	all	all	DET
fsr-3478	377	9	”	"	PUNCT
fsr-3478	377	10	single	single	ADJ
fsr-3478	377	11	right	right	ADJ
fsr-3478	377	12	answer	answer	NOUN
fsr-3478	377	13	when	when	SCONJ
fsr-3478	377	14	it	it	PRON
fsr-3478	377	15	comes	come	VERB
fsr-3478	377	16	to	to	ADP
fsr-3478	377	17	addressing	address	VERB
fsr-3478	377	18	the	the	DET
fsr-3478	377	19	various	various	ADJ
fsr-3478	377	20	tradeoffs	tradeoff	NOUN
fsr-3478	377	21	and	and	CCONJ
fsr-3478	377	22	interactions	interaction	NOUN
fsr-3478	377	23	associated	associate	VERB
fsr-3478	377	24	with	with	ADP
fsr-3478	377	25	retirement	retirement	NOUN
fsr-3478	377	26	planning	planning	NOUN
fsr-3478	377	27	,	,	PUNCT
fsr-3478	377	28	and	and	CCONJ
fsr-3478	377	29	outcomes	outcome	NOUN
fsr-3478	377	30	will	will	AUX
fsr-3478	377	31	vary	vary	VERB
fsr-3478	377	32	based	base	VERB
fsr-3478	377	33	m.	m.	NOUN
fsr-3478	377	34	athavale	athavale	PROPN
fsr-3478	377	35	et	et	PROPN
fsr-3478	377	36	al	al	PROPN
fsr-3478	377	37	.	.	PUNCT
fsr-3478	377	38	/	/	SYM
fsr-3478	377	39	financial	financial	ADJ
fsr-3478	377	40	services	service	NOUN
fsr-3478	377	41	review	review	VERB
fsr-3478	377	42	30	30	NUM
fsr-3478	377	43	(	(	PUNCT
fsr-3478	377	44	2022	2022	NUM
fsr-3478	377	45	)	)	PUNCT
fsr-3478	378	1	125–143	125–143	NUM
fsr-3478	378	2	141	141	NUM
fsr-3478	378	3	on	on	ADP
fsr-3478	378	4	retiree	retiree	NOUN
fsr-3478	378	5	choices	choice	NOUN
fsr-3478	378	6	,	,	PUNCT
fsr-3478	378	7	economic	economic	ADJ
fsr-3478	378	8	circumstances	circumstance	NOUN
fsr-3478	378	9	,	,	PUNCT
fsr-3478	378	10	and	and	CCONJ
fsr-3478	378	11	chance	chance	NOUN
fsr-3478	378	12	.	.	PUNCT
fsr-3478	379	1	it	it	PRON
fsr-3478	379	2	is	be	AUX
fsr-3478	379	3	nevertheless	nevertheless	ADV
fsr-3478	379	4	important	important	ADJ
fsr-3478	379	5	to	to	PART
fsr-3478	379	6	understand	understand	VERB
fsr-3478	379	7	them	they	PRON
fsr-3478	379	8	so	so	SCONJ
fsr-3478	379	9	that	that	SCONJ
fsr-3478	379	10	a	a	DET
fsr-3478	379	11	realistic	realistic	ADJ
fsr-3478	379	12	initial	initial	ADJ
fsr-3478	379	13	plan	plan	NOUN
fsr-3478	379	14	and	and	CCONJ
fsr-3478	379	15	consumption	consumption	NOUN
fsr-3478	379	16	target	target	NOUN
fsr-3478	379	17	can	can	AUX
fsr-3478	379	18	be	be	AUX
fsr-3478	379	19	established	establish	VERB
fsr-3478	379	20	,	,	PUNCT
fsr-3478	379	21	and	and	CCONJ
fsr-3478	379	22	midterm	midterm	NOUN
fsr-3478	379	23	adjustments	adjustment	NOUN
fsr-3478	379	24	can	can	AUX
fsr-3478	379	25	be	be	AUX
fsr-3478	379	26	initiated	initiate	VERB
fsr-3478	379	27	if	if	SCONJ
fsr-3478	379	28	necessary	necessary	ADJ
fsr-3478	379	29	.	.	PUNCT
fsr-3478	380	1	just	just	ADV
fsr-3478	380	2	be	be	AUX
fsr-3478	380	3	aware	aware	ADJ
fsr-3478	380	4	that	that	SCONJ
fsr-3478	380	5	your	your	PRON
fsr-3478	380	6	mileage	mileage	NOUN
fsr-3478	380	7	may	may	AUX
fsr-3478	380	8	vary	vary	VERB
fsr-3478	380	9	.	.	PUNCT
fsr-3478	381	1	references	reference	NOUN
fsr-3478	381	2	athavale	athavale	NOUN
fsr-3478	381	3	,	,	PUNCT
fsr-3478	381	4	m.	m.	NOUN
fsr-3478	381	5	,	,	PUNCT
fsr-3478	381	6	&	&	CCONJ
fsr-3478	381	7	goebel	goebel	PROPN
fsr-3478	381	8	,	,	PUNCT
fsr-3478	381	9	j.	j.	PROPN
fsr-3478	381	10	(	(	PUNCT
fsr-3478	381	11	2011	2011	NUM
fsr-3478	381	12	)	)	PUNCT
fsr-3478	381	13	.	.	PUNCT
fsr-3478	382	1	a	a	DET
fsr-3478	382	2	safer	safe	ADJ
fsr-3478	382	3	safe	safe	ADJ
fsr-3478	382	4	withdrawal	withdrawal	NOUN
fsr-3478	382	5	rate	rate	NOUN
fsr-3478	382	6	assuming	assume	VERB
fsr-3478	382	7	various	various	ADJ
fsr-3478	382	8	return	return	NOUN
fsr-3478	382	9	distributions	distribution	NOUN
fsr-3478	382	10	.	.	PUNCT
fsr-3478	383	1	journal	journal	NOUN
fsr-3478	383	2	of	of	ADP
fsr-3478	383	3	financial	financial	ADJ
fsr-3478	383	4	planning	planning	NOUN
fsr-3478	383	5	,	,	PUNCT
fsr-3478	383	6	24	24	NUM
fsr-3478	383	7	,	,	PUNCT
fsr-3478	383	8	36–43	36–43	NUM
fsr-3478	383	9	.	.	PUNCT
fsr-3478	384	1	benartzi	benartzi	PROPN
fsr-3478	384	2	,	,	PUNCT
fsr-3478	384	3	s.	s.	PROPN
fsr-3478	384	4	,	,	PUNCT
fsr-3478	384	5	&	&	CCONJ
fsr-3478	384	6	thaler	thaler	PROPN
fsr-3478	384	7	,	,	PUNCT
fsr-3478	384	8	r.	r.	PROPN
fsr-3478	384	9	(	(	PUNCT
fsr-3478	384	10	2007	2007	NUM
fsr-3478	384	11	)	)	PUNCT
fsr-3478	384	12	.	.	PUNCT
fsr-3478	385	1	heuristics	heuristic	NOUN
fsr-3478	385	2	and	and	CCONJ
fsr-3478	385	3	biases	bias	NOUN
fsr-3478	385	4	in	in	ADP
fsr-3478	385	5	retirement	retirement	NOUN
fsr-3478	385	6	savings	saving	NOUN
fsr-3478	385	7	behavior	behavior	NOUN
fsr-3478	385	8	.	.	PUNCT
fsr-3478	386	1	journal	journal	NOUN
fsr-3478	386	2	of	of	ADP
fsr-3478	386	3	economic	economic	ADJ
fsr-3478	386	4	perspectives	perspective	NOUN
fsr-3478	386	5	,	,	PUNCT
fsr-3478	386	6	21	21	NUM
fsr-3478	386	7	,	,	PUNCT
fsr-3478	386	8	81–104	81–104	PROPN
fsr-3478	386	9	.	.	PUNCT
fsr-3478	387	1	https://doi.org/10.1257/jep.21.3.81	https://doi.org/10.1257/jep.21.3.81	NOUN
fsr-3478	387	2	bengen	bengen	NOUN
fsr-3478	387	3	,	,	PUNCT
fsr-3478	387	4	w.	w.	PROPN
fsr-3478	387	5	(	(	PUNCT
fsr-3478	387	6	1994	1994	NUM
fsr-3478	387	7	)	)	PUNCT
fsr-3478	387	8	.	.	PUNCT
fsr-3478	388	1	determining	determine	VERB
fsr-3478	388	2	withdrawal	withdrawal	NOUN
fsr-3478	388	3	rates	rate	NOUN
fsr-3478	388	4	using	use	VERB
fsr-3478	388	5	historical	historical	ADJ
fsr-3478	388	6	data	datum	NOUN
fsr-3478	388	7	.	.	PUNCT
fsr-3478	389	1	journal	journal	PROPN
fsr-3478	389	2	of	of	ADP
fsr-3478	389	3	financial	financial	ADJ
fsr-3478	389	4	planning	planning	NOUN
fsr-3478	389	5	,	,	PUNCT
fsr-3478	389	6	7	7	NUM
fsr-3478	389	7	,	,	PUNCT
fsr-3478	389	8	171	171	NUM
fsr-3478	389	9	–	–	PUNCT
fsr-3478	389	10	180	180	NUM
fsr-3478	389	11	.	.	PUNCT
fsr-3478	389	12	bierwirth	bierwirth	NOUN
fsr-3478	389	13	,	,	PUNCT
fsr-3478	389	14	l.	l.	PROPN
fsr-3478	389	15	(	(	PUNCT
fsr-3478	389	16	1994	1994	NUM
fsr-3478	389	17	)	)	PUNCT
fsr-3478	389	18	.	.	PUNCT
fsr-3478	390	1	investing	invest	VERB
fsr-3478	390	2	for	for	ADP
fsr-3478	390	3	retirement	retirement	NOUN
fsr-3478	390	4	:	:	PUNCT
fsr-3478	390	5	using	use	VERB
fsr-3478	390	6	the	the	DET
fsr-3478	390	7	past	past	NOUN
fsr-3478	390	8	to	to	PART
fsr-3478	390	9	model	model	VERB
fsr-3478	390	10	the	the	DET
fsr-3478	390	11	future	future	NOUN
fsr-3478	390	12	.	.	PUNCT
fsr-3478	391	1	journal	journal	NOUN
fsr-3478	391	2	of	of	ADP
fsr-3478	391	3	financial	financial	ADJ
fsr-3478	391	4	planning	planning	NOUN
fsr-3478	391	5	,	,	PUNCT
fsr-3478	391	6	7	7	NUM
fsr-3478	391	7	,	,	PUNCT
fsr-3478	391	8	14–24	14–24	NUM
fsr-3478	391	9	.	.	PUNCT
fsr-3478	392	1	biggs	biggs	PROPN
fsr-3478	392	2	,	,	PUNCT
fsr-3478	392	3	a.	a.	PROPN
fsr-3478	392	4	,	,	PUNCT
fsr-3478	392	5	&	&	CCONJ
fsr-3478	392	6	springstead	springstead	PROPN
fsr-3478	392	7	,	,	PUNCT
fsr-3478	392	8	g.	g.	PROPN
fsr-3478	392	9	(	(	PUNCT
fsr-3478	392	10	2008	2008	NUM
fsr-3478	392	11	)	)	PUNCT
fsr-3478	392	12	.	.	PUNCT
fsr-3478	393	1	alternate	alternate	ADJ
fsr-3478	393	2	measures	measure	NOUN
fsr-3478	393	3	of	of	ADP
fsr-3478	393	4	replacement	replacement	NOUN
fsr-3478	393	5	rates	rate	NOUN
fsr-3478	393	6	for	for	ADP
fsr-3478	393	7	social	social	ADJ
fsr-3478	393	8	security	security	NOUN
fsr-3478	393	9	benefits	benefit	NOUN
fsr-3478	393	10	and	and	CCONJ
fsr-3478	393	11	retirement	retirement	NOUN
fsr-3478	393	12	income	income	NOUN
fsr-3478	393	13	.	.	PUNCT
fsr-3478	394	1	social	social	ADJ
fsr-3478	394	2	security	security	NOUN
fsr-3478	394	3	bulletin	bulletin	NOUN
fsr-3478	394	4	,	,	PUNCT
fsr-3478	394	5	68	68	NUM
fsr-3478	394	6	,	,	PUNCT
fsr-3478	394	7	blanchett	blanchett	PROPN
fsr-3478	394	8	,	,	PUNCT
fsr-3478	394	9	d.	d.	PROPN
fsr-3478	394	10	,	,	PUNCT
fsr-3478	394	11	&	&	CCONJ
fsr-3478	394	12	blanchett	blanchett	PROPN
fsr-3478	394	13	,	,	PUNCT
fsr-3478	394	14	b.	b.	PROPN
fsr-3478	394	15	(	(	PUNCT
fsr-3478	394	16	2008	2008	NUM
fsr-3478	394	17	)	)	PUNCT
fsr-3478	394	18	.	.	PUNCT
fsr-3478	395	1	data	datum	NOUN
fsr-3478	395	2	dependence	dependence	NOUN
fsr-3478	395	3	and	and	CCONJ
fsr-3478	395	4	sustainable	sustainable	ADJ
fsr-3478	395	5	real	real	ADJ
fsr-3478	395	6	withdrawal	withdrawal	NOUN
fsr-3478	395	7	rates	rate	NOUN
fsr-3478	395	8	.	.	PUNCT
fsr-3478	396	1	journal	journal	NOUN
fsr-3478	396	2	of	of	ADP
fsr-3478	396	3	financial	financial	ADJ
fsr-3478	396	4	planning	planning	NOUN
fsr-3478	396	5	,	,	PUNCT
fsr-3478	396	6	21	21	NUM
fsr-3478	396	7	,	,	PUNCT
fsr-3478	396	8	70–85	70–85	NUM
fsr-3478	396	9	.	.	PUNCT
fsr-3478	397	1	blanchett	blanchett	PROPN
fsr-3478	397	2	,	,	PUNCT
fsr-3478	397	3	d.	d.	PROPN
fsr-3478	397	4	,	,	PUNCT
fsr-3478	397	5	finke	finke	PROPN
fsr-3478	397	6	,	,	PUNCT
fsr-3478	397	7	m.	m.	NOUN
fsr-3478	397	8	,	,	PUNCT
fsr-3478	397	9	&	&	CCONJ
fsr-3478	397	10	pfau	pfau	NOUN
fsr-3478	397	11	,	,	PUNCT
fsr-3478	397	12	w.	w.	PROPN
fsr-3478	397	13	(	(	PUNCT
fsr-3478	397	14	2014	2014	NUM
fsr-3478	397	15	)	)	PUNCT
fsr-3478	397	16	.	.	PUNCT
fsr-3478	398	1	low	low	ADJ
fsr-3478	398	2	bond	bond	NOUN
fsr-3478	398	3	yields	yield	NOUN
fsr-3478	398	4	and	and	CCONJ
fsr-3478	398	5	safe	safe	ADJ
fsr-3478	398	6	portfolio	portfolio	NOUN
fsr-3478	398	7	withdrawal	withdrawal	NOUN
fsr-3478	398	8	rates	rate	NOUN
fsr-3478	398	9	.	.	PUNCT
fsr-3478	399	1	the	the	DET
fsr-3478	399	2	journal	journal	NOUN
fsr-3478	399	3	of	of	ADP
fsr-3478	399	4	wealth	wealth	NOUN
fsr-3478	399	5	management	management	NOUN
fsr-3478	399	6	,	,	PUNCT
fsr-3478	399	7	16	16	NUM
fsr-3478	399	8	,	,	PUNCT
fsr-3478	399	9	55–62	55–62	NUM
fsr-3478	399	10	.	.	PUNCT
fsr-3478	400	1	https://doi.org/10.3905/jwm.2013.16.2.055	https://doi.org/10.3905/jwm.2013.16.2.055	PROPN
fsr-3478	400	2	blanchett	blanchett	PROPN
fsr-3478	400	3	,	,	PUNCT
fsr-3478	400	4	d.	d.	PROPN
fsr-3478	400	5	,	,	PUNCT
fsr-3478	400	6	&	&	CCONJ
fsr-3478	400	7	frank	frank	PROPN
fsr-3478	400	8	,	,	PUNCT
fsr-3478	400	9	l.	l.	PROPN
fsr-3478	400	10	(	(	PUNCT
fsr-3478	400	11	2009	2009	NUM
fsr-3478	400	12	)	)	PUNCT
fsr-3478	400	13	.	.	PUNCT
fsr-3478	401	1	a	a	DET
fsr-3478	401	2	dynamic	dynamic	ADJ
fsr-3478	401	3	and	and	CCONJ
fsr-3478	401	4	adaptive	adaptive	ADJ
fsr-3478	401	5	approach	approach	NOUN
fsr-3478	401	6	to	to	ADP
fsr-3478	401	7	distribution	distribution	NOUN
fsr-3478	401	8	planning	planning	NOUN
fsr-3478	401	9	and	and	CCONJ
fsr-3478	401	10	monitoring	monitoring	NOUN
fsr-3478	401	11	.	.	PUNCT
fsr-3478	402	1	journal	journal	NOUN
fsr-3478	402	2	of	of	ADP
fsr-3478	402	3	financial	financial	ADJ
fsr-3478	402	4	planning	planning	NOUN
fsr-3478	402	5	,	,	PUNCT
fsr-3478	402	6	22	22	NUM
fsr-3478	402	7	,	,	PUNCT
fsr-3478	402	8	52–66	52–66	NUM
fsr-3478	402	9	.	.	PUNCT
fsr-3478	403	1	bonsang	bonsang	PROPN
fsr-3478	403	2	,	,	PUNCT
fsr-3478	403	3	e.	e.	PROPN
fsr-3478	403	4	,	,	PUNCT
fsr-3478	403	5	adam	adam	PROPN
fsr-3478	403	6	,	,	PUNCT
fsr-3478	403	7	s.	s.	PROPN
fsr-3478	403	8	,	,	PUNCT
fsr-3478	403	9	&	&	CCONJ
fsr-3478	403	10	perelman	perelman	PROPN
fsr-3478	403	11	,	,	PUNCT
fsr-3478	403	12	s.	s.	PROPN
fsr-3478	403	13	(	(	PUNCT
fsr-3478	403	14	2012	2012	NUM
fsr-3478	403	15	)	)	PUNCT
fsr-3478	403	16	.	.	PUNCT
fsr-3478	404	1	does	do	AUX
fsr-3478	404	2	retirement	retirement	NOUN
fsr-3478	404	3	affect	affect	VERB
fsr-3478	404	4	cognitive	cognitive	ADJ
fsr-3478	404	5	functioning	functioning	NOUN
fsr-3478	404	6	?	?	PUNCT
fsr-3478	405	1	journal	journal	NOUN
fsr-3478	405	2	of	of	ADP
fsr-3478	405	3	health	health	NOUN
fsr-3478	405	4	economics	economic	NOUN
fsr-3478	405	5	,	,	PUNCT
fsr-3478	405	6	31	31	NUM
fsr-3478	405	7	,	,	PUNCT
fsr-3478	405	8	490–501	490–501	NUM
fsr-3478	405	9	.	.	PUNCT
fsr-3478	406	1	browning	browning	NOUN
fsr-3478	406	2	,	,	PUNCT
fsr-3478	406	3	c.	c.	PROPN
fsr-3478	406	4	,	,	PUNCT
fsr-3478	406	5	guo	guo	PROPN
fsr-3478	406	6	,	,	PUNCT
fsr-3478	406	7	t.	t.	PROPN
fsr-3478	406	8	,	,	PUNCT
fsr-3478	406	9	cheng	cheng	PROPN
fsr-3478	406	10	,	,	PUNCT
fsr-3478	406	11	y.	y.	PROPN
fsr-3478	406	12	,	,	PUNCT
fsr-3478	406	13	&	&	CCONJ
fsr-3478	406	14	finke	finke	PROPN
fsr-3478	406	15	,	,	PUNCT
fsr-3478	406	16	m.	m.	NOUN
fsr-3478	406	17	(	(	PUNCT
fsr-3478	406	18	2016	2016	NUM
fsr-3478	406	19	)	)	PUNCT
fsr-3478	406	20	.	.	PUNCT
fsr-3478	407	1	spending	spend	VERB
fsr-3478	407	2	in	in	ADP
fsr-3478	407	3	retirement	retirement	NOUN
fsr-3478	407	4	:	:	PUNCT
fsr-3478	407	5	determining	determine	VERB
fsr-3478	407	6	the	the	DET
fsr-3478	407	7	consumption	consumption	NOUN
fsr-3478	407	8	gap	gap	NOUN
fsr-3478	407	9	.	.	PUNCT
fsr-3478	408	1	journal	journal	PROPN
fsr-3478	408	2	of	of	ADP
fsr-3478	408	3	financial	financial	ADJ
fsr-3478	408	4	planning	planning	NOUN
fsr-3478	408	5	,	,	PUNCT
fsr-3478	408	6	29	29	NUM
fsr-3478	408	7	,	,	PUNCT
fsr-3478	408	8	42–53	42–53	NUM
fsr-3478	408	9	.	.	PUNCT
fsr-3478	408	10	clare	clare	PROPN
fsr-3478	408	11	,	,	PUNCT
fsr-3478	408	12	a.	a.	PROPN
fsr-3478	408	13	,	,	PUNCT
fsr-3478	408	14	seaton	seaton	PROPN
fsr-3478	408	15	,	,	PUNCT
fsr-3478	408	16	j.	j.	PROPN
fsr-3478	408	17	,	,	PUNCT
fsr-3478	408	18	smith	smith	PROPN
fsr-3478	408	19	,	,	PUNCT
fsr-3478	408	20	p.	p.	PROPN
fsr-3478	408	21	,	,	PUNCT
fsr-3478	408	22	&	&	CCONJ
fsr-3478	408	23	thomas	thomas	PROPN
fsr-3478	408	24	,	,	PUNCT
fsr-3478	408	25	s.	s.	PROPN
fsr-3478	408	26	(	(	PUNCT
fsr-3478	408	27	2017	2017	NUM
fsr-3478	408	28	)	)	PUNCT
fsr-3478	408	29	.	.	PUNCT
fsr-3478	409	1	reducing	reduce	VERB
fsr-3478	409	2	sequence	sequence	NOUN
fsr-3478	409	3	risk	risk	NOUN
fsr-3478	409	4	using	use	VERB
fsr-3478	409	5	trend	trend	NOUN
fsr-3478	409	6	following	follow	VERB
fsr-3478	409	7	and	and	CCONJ
fsr-3478	409	8	the	the	DET
fsr-3478	409	9	cape	cape	NOUN
fsr-3478	409	10	ratio	ratio	NOUN
fsr-3478	409	11	.	.	PUNCT
fsr-3478	410	1	financial	financial	ADJ
fsr-3478	410	2	analysts	analyst	NOUN
fsr-3478	410	3	journal	journal	NOUN
fsr-3478	410	4	,	,	PUNCT
fsr-3478	410	5	73	73	NUM
fsr-3478	410	6	,	,	PUNCT
fsr-3478	410	7	91–103	91–103	NUM
fsr-3478	410	8	.	.	PUNCT
fsr-3478	411	1	https://doi.org/10.2469/faj.v73.n4.5	https://doi.org/10.2469/faj.v73.n4.5	PROPN
fsr-3478	411	2	clare	clare	PROPN
fsr-3478	411	3	,	,	PUNCT
fsr-3478	411	4	a.	a.	PROPN
fsr-3478	411	5	,	,	PUNCT
fsr-3478	411	6	seaton	seaton	PROPN
fsr-3478	411	7	,	,	PUNCT
fsr-3478	411	8	j.	j.	PROPN
fsr-3478	411	9	,	,	PUNCT
fsr-3478	411	10	smith	smith	PROPN
fsr-3478	411	11	,	,	PUNCT
fsr-3478	411	12	p.	p.	PROPN
fsr-3478	411	13	,	,	PUNCT
fsr-3478	411	14	&	&	CCONJ
fsr-3478	411	15	thomas	thomas	PROPN
fsr-3478	411	16	,	,	PUNCT
fsr-3478	411	17	s.	s.	PROPN
fsr-3478	411	18	(	(	PUNCT
fsr-3478	411	19	2021	2021	NUM
fsr-3478	411	20	)	)	PUNCT
fsr-3478	411	21	.	.	PUNCT
fsr-3478	412	1	can	can	AUX
fsr-3478	412	2	sustainable	sustainable	VERB
fsr-3478	412	3	withdrawal	withdrawal	NOUN
fsr-3478	412	4	rates	rate	NOUN
fsr-3478	412	5	be	be	AUX
fsr-3478	412	6	enhanced	enhance	VERB
fsr-3478	412	7	with	with	ADP
fsr-3478	412	8	trend	trend	NOUN
fsr-3478	412	9	following	follow	VERB
fsr-3478	412	10	?	?	PUNCT
fsr-3478	413	1	international	international	ADJ
fsr-3478	413	2	journal	journal	NOUN
fsr-3478	413	3	of	of	ADP
fsr-3478	413	4	finance	finance	PROPN
fsr-3478	413	5	&	&	CCONJ
fsr-3478	413	6	economics	economic	NOUN
fsr-3478	413	7	,	,	PUNCT
fsr-3478	413	8	26	26	NUM
fsr-3478	413	9	,	,	PUNCT
fsr-3478	413	10	27–41	27–41	NUM
fsr-3478	413	11	.	.	PUNCT
fsr-3478	414	1	https://doi.org/10.1002/ijfe.1774	https://doi.org/10.1002/ijfe.1774	NOUN
fsr-3478	414	2	collins	collin	VERB
fsr-3478	414	3	,	,	PUNCT
fsr-3478	414	4	p.	p.	PROPN
fsr-3478	414	5	,	,	PUNCT
fsr-3478	414	6	lam	lam	PROPN
fsr-3478	414	7	,	,	PUNCT
fsr-3478	414	8	h.	h.	PROPN
fsr-3478	414	9	,	,	PUNCT
fsr-3478	414	10	&	&	CCONJ
fsr-3478	414	11	stampfli	stampfli	PROPN
fsr-3478	414	12	,	,	PUNCT
fsr-3478	414	13	j.	j.	PROPN
fsr-3478	414	14	(	(	PUNCT
fsr-3478	414	15	2015	2015	NUM
fsr-3478	414	16	)	)	PUNCT
fsr-3478	414	17	.	.	PUNCT
fsr-3478	415	1	how	how	SCONJ
fsr-3478	415	2	risky	risky	ADJ
fsr-3478	415	3	is	be	AUX
fsr-3478	415	4	your	your	PRON
fsr-3478	415	5	retirement	retirement	NOUN
fsr-3478	415	6	income	income	NOUN
fsr-3478	415	7	risk	risk	NOUN
fsr-3478	415	8	model	model	NOUN
fsr-3478	415	9	?	?	PUNCT
fsr-3478	416	1	financial	financial	ADJ
fsr-3478	416	2	services	service	NOUN
fsr-3478	416	3	review	review	NOUN
fsr-3478	416	4	,	,	PUNCT
fsr-3478	416	5	24	24	NUM
fsr-3478	416	6	,	,	PUNCT
fsr-3478	416	7	193–216	193–216	NUM
fsr-3478	416	8	.	.	PUNCT
fsr-3478	417	1	cooley	cooley	PROPN
fsr-3478	417	2	,	,	PUNCT
fsr-3478	417	3	p.	p.	PROPN
fsr-3478	417	4	,	,	PUNCT
fsr-3478	417	5	hubbard	hubbard	PROPN
fsr-3478	417	6	,	,	PUNCT
fsr-3478	417	7	c.	c.	PROPN
fsr-3478	417	8	,	,	PUNCT
fsr-3478	417	9	&	&	CCONJ
fsr-3478	417	10	walz	walz	PROPN
fsr-3478	417	11	,	,	PUNCT
fsr-3478	417	12	d.	d.	PROPN
fsr-3478	417	13	(	(	PUNCT
fsr-3478	417	14	1998	1998	NUM
fsr-3478	417	15	)	)	PUNCT
fsr-3478	417	16	.	.	PUNCT
fsr-3478	418	1	retirement	retirement	NOUN
fsr-3478	418	2	savings	saving	NOUN
fsr-3478	418	3	:	:	PUNCT
fsr-3478	418	4	choosing	choose	VERB
fsr-3478	418	5	a	a	DET
fsr-3478	418	6	withdrawal	withdrawal	NOUN
fsr-3478	418	7	rate	rate	NOUN
fsr-3478	418	8	that	that	PRON
fsr-3478	418	9	is	be	AUX
fsr-3478	418	10	sustainable	sustainable	ADJ
fsr-3478	418	11	.	.	PUNCT
fsr-3478	419	1	american	american	ADJ
fsr-3478	419	2	association	association	PROPN
fsr-3478	419	3	of	of	ADP
fsr-3478	419	4	individual	individual	ADJ
fsr-3478	419	5	investors	investor	NOUN
fsr-3478	419	6	journal	journal	NOUN
fsr-3478	419	7	,	,	PUNCT
fsr-3478	419	8	20	20	NUM
fsr-3478	419	9	,	,	PUNCT
fsr-3478	419	10	16–21	16–21	NUM
fsr-3478	419	11	.	.	PUNCT
fsr-3478	420	1	cooley	cooley	PROPN
fsr-3478	420	2	,	,	PUNCT
fsr-3478	420	3	p.	p.	PROPN
fsr-3478	420	4	,	,	PUNCT
fsr-3478	420	5	hubbard	hubbard	PROPN
fsr-3478	420	6	,	,	PUNCT
fsr-3478	420	7	c.	c.	PROPN
fsr-3478	420	8	,	,	PUNCT
fsr-3478	420	9	&	&	CCONJ
fsr-3478	420	10	walz	walz	PROPN
fsr-3478	420	11	,	,	PUNCT
fsr-3478	420	12	d.	d.	PROPN
fsr-3478	420	13	(	(	PUNCT
fsr-3478	420	14	2003	2003	NUM
fsr-3478	420	15	)	)	PUNCT
fsr-3478	420	16	.	.	PUNCT
fsr-3478	421	1	a	a	DET
fsr-3478	421	2	comparative	comparative	ADJ
fsr-3478	421	3	analysis	analysis	NOUN
fsr-3478	421	4	of	of	ADP
fsr-3478	421	5	retirement	retirement	NOUN
fsr-3478	421	6	portfolio	portfolio	NOUN
fsr-3478	421	7	success	success	NOUN
fsr-3478	421	8	rates	rate	NOUN
fsr-3478	421	9	:	:	PUNCT
fsr-3478	421	10	simulation	simulation	NOUN
fsr-3478	421	11	versus	versus	ADP
fsr-3478	421	12	overlapping	overlap	VERB
fsr-3478	421	13	periods	period	NOUN
fsr-3478	421	14	.	.	PUNCT
fsr-3478	422	1	financial	financial	ADJ
fsr-3478	422	2	services	service	NOUN
fsr-3478	422	3	review	review	PROPN
fsr-3478	422	4	,	,	PUNCT
fsr-3478	422	5	12	12	NUM
fsr-3478	422	6	,	,	PUNCT
fsr-3478	422	7	115–128	115–128	NUM
fsr-3478	422	8	.	.	PUNCT
fsr-3478	423	1	cooley	cooley	PROPN
fsr-3478	423	2	,	,	PUNCT
fsr-3478	423	3	p.	p.	PROPN
fsr-3478	423	4	,	,	PUNCT
fsr-3478	423	5	hubbard	hubbard	PROPN
fsr-3478	423	6	,	,	PUNCT
fsr-3478	423	7	c.	c.	PROPN
fsr-3478	423	8	,	,	PUNCT
fsr-3478	423	9	&	&	CCONJ
fsr-3478	423	10	walz	walz	PROPN
fsr-3478	423	11	,	,	PUNCT
fsr-3478	423	12	d.	d.	PROPN
fsr-3478	423	13	(	(	PUNCT
fsr-3478	423	14	2011	2011	NUM
fsr-3478	423	15	)	)	PUNCT
fsr-3478	423	16	.	.	PUNCT
fsr-3478	424	1	portfolio	portfolio	NOUN
fsr-3478	424	2	success	success	NOUN
fsr-3478	424	3	rates	rate	NOUN
fsr-3478	424	4	:	:	PUNCT
fsr-3478	424	5	where	where	SCONJ
fsr-3478	424	6	to	to	PART
fsr-3478	424	7	draw	draw	VERB
fsr-3478	424	8	the	the	DET
fsr-3478	424	9	line	line	NOUN
fsr-3478	424	10	.	.	PUNCT
fsr-3478	425	1	journal	journal	NOUN
fsr-3478	425	2	of	of	ADP
fsr-3478	425	3	financial	financial	ADJ
fsr-3478	425	4	planning	planning	NOUN
fsr-3478	425	5	,	,	PUNCT
fsr-3478	425	6	24	24	NUM
fsr-3478	425	7	,	,	PUNCT
fsr-3478	425	8	48–60	48–60	PROPN
fsr-3478	425	9	.	.	PUNCT
fsr-3478	426	1	dejong	dejong	PROPN
fsr-3478	426	2	,	,	PUNCT
fsr-3478	426	3	j.	j.	PROPN
fsr-3478	426	4	,	,	PUNCT
fsr-3478	426	5	&	&	CCONJ
fsr-3478	426	6	robinson	robinson	PROPN
fsr-3478	426	7	,	,	PUNCT
fsr-3478	426	8	j.	j.	PROPN
fsr-3478	426	9	(	(	PUNCT
fsr-3478	426	10	2017	2017	NUM
fsr-3478	426	11	)	)	PUNCT
fsr-3478	426	12	.	.	PUNCT
fsr-3478	427	1	determinants	determinant	NOUN
fsr-3478	427	2	of	of	ADP
fsr-3478	427	3	retirement	retirement	NOUN
fsr-3478	427	4	portfolio	portfolio	NOUN
fsr-3478	427	5	sustainability	sustainability	NOUN
fsr-3478	427	6	and	and	CCONJ
fsr-3478	427	7	their	their	PRON
fsr-3478	427	8	relative	relative	ADJ
fsr-3478	427	9	impacts	impact	NOUN
fsr-3478	427	10	.	.	PUNCT
fsr-3478	428	1	journal	journal	NOUN
fsr-3478	428	2	of	of	ADP
fsr-3478	428	3	financial	financial	ADJ
fsr-3478	428	4	planning	planning	NOUN
fsr-3478	428	5	,	,	PUNCT
fsr-3478	428	6	30	30	NUM
fsr-3478	428	7	,	,	PUNCT
fsr-3478	428	8	54–62	54–62	NUM
fsr-3478	428	9	.	.	PUNCT
fsr-3478	428	10	dimson	dimson	NOUN
fsr-3478	428	11	,	,	PUNCT
fsr-3478	428	12	e.	e.	PROPN
fsr-3478	428	13	,	,	PUNCT
fsr-3478	428	14	marsh	marsh	PROPN
fsr-3478	428	15	,	,	PUNCT
fsr-3478	428	16	p.	p.	PROPN
fsr-3478	428	17	,	,	PUNCT
fsr-3478	428	18	&	&	CCONJ
fsr-3478	428	19	staunton	staunton	PROPN
fsr-3478	428	20	,	,	PUNCT
fsr-3478	428	21	m.	m.	NOUN
fsr-3478	428	22	(	(	PUNCT
fsr-3478	428	23	2004	2004	NUM
fsr-3478	428	24	)	)	PUNCT
fsr-3478	428	25	.	.	PUNCT
fsr-3478	429	1	irrational	irrational	ADJ
fsr-3478	429	2	optimism	optimism	NOUN
fsr-3478	429	3	.	.	PUNCT
fsr-3478	430	1	financial	financial	ADJ
fsr-3478	430	2	analysts	analyst	NOUN
fsr-3478	430	3	journal	journal	NOUN
fsr-3478	430	4	,	,	PUNCT
fsr-3478	430	5	60	60	NUM
fsr-3478	430	6	,	,	PUNCT
fsr-3478	430	7	15–25	15–25	NUM
fsr-3478	430	8	.	.	PUNCT
fsr-3478	431	1	https://doi.org/10.2469/faj.v60.n1.2589	https://doi.org/10.2469/faj.v60.n1.2589	X
fsr-3478	431	2	estrada	estrada	PROPN
fsr-3478	431	3	,	,	PUNCT
fsr-3478	431	4	j.	j.	PROPN
fsr-3478	431	5	(	(	PUNCT
fsr-3478	431	6	2018	2018	NUM
fsr-3478	431	7	)	)	PUNCT
fsr-3478	431	8	.	.	PUNCT
fsr-3478	432	1	maximum	maximum	ADJ
fsr-3478	432	2	withdrawal	withdrawal	NOUN
fsr-3478	432	3	rates	rate	NOUN
fsr-3478	432	4	:	:	PUNCT
fsr-3478	432	5	an	an	DET
fsr-3478	432	6	empirical	empirical	ADJ
fsr-3478	432	7	and	and	CCONJ
fsr-3478	432	8	global	global	ADJ
fsr-3478	432	9	perspective	perspective	NOUN
fsr-3478	432	10	.	.	PUNCT
fsr-3478	433	1	the	the	DET
fsr-3478	433	2	journal	journal	PROPN
fsr-3478	433	3	of	of	ADP
fsr-3478	433	4	retirement	retirement	NOUN
fsr-3478	433	5	,	,	PUNCT
fsr-3478	433	6	5	5	NUM
fsr-3478	433	7	,	,	PUNCT
fsr-3478	433	8	57–71	57–71	NUM
fsr-3478	433	9	.	.	PUNCT
fsr-3478	434	1	https://doi.org/10.3905/jor.2018.5.3.057	https://doi.org/10.3905/jor.2018.5.3.057	PROPN
fsr-3478	434	2	estrada	estrada	PROPN
fsr-3478	434	3	,	,	PUNCT
fsr-3478	434	4	j.	j.	PROPN
fsr-3478	434	5	(	(	PUNCT
fsr-3478	434	6	2019	2019	NUM
fsr-3478	434	7	)	)	PUNCT
fsr-3478	434	8	.	.	PUNCT
fsr-3478	435	1	managing	manage	VERB
fsr-3478	435	2	to	to	PART
fsr-3478	435	3	target	target	VERB
fsr-3478	435	4	:	:	PUNCT
fsr-3478	435	5	dynamic	dynamic	ADJ
fsr-3478	435	6	adjustments	adjustment	NOUN
fsr-3478	435	7	for	for	ADP
fsr-3478	435	8	accumulation	accumulation	NOUN
fsr-3478	435	9	strategies	strategy	NOUN
fsr-3478	435	10	.	.	PUNCT
fsr-3478	436	1	journal	journal	NOUN
fsr-3478	436	2	of	of	ADP
fsr-3478	436	3	financial	financial	ADJ
fsr-3478	436	4	planning	planning	NOUN
fsr-3478	436	5	,	,	PUNCT
fsr-3478	436	6	32	32	NUM
fsr-3478	436	7	,	,	PUNCT
fsr-3478	436	8	46–53	46–53	NUM
fsr-3478	436	9	.	.	PUNCT
fsr-3478	437	1	estrada	estrada	PROPN
fsr-3478	437	2	,	,	PUNCT
fsr-3478	437	3	j.	j.	PROPN
fsr-3478	437	4	(	(	PUNCT
fsr-3478	437	5	2020	2020	NUM
fsr-3478	437	6	)	)	PUNCT
fsr-3478	437	7	.	.	PUNCT
fsr-3478	438	1	managing	manage	VERB
fsr-3478	438	2	to	to	PART
fsr-3478	438	3	target	target	VERB
fsr-3478	438	4	(	(	PUNCT
fsr-3478	438	5	ii	ii	NOUN
fsr-3478	438	6	):	):	PUNCT
fsr-3478	438	7	dynamic	dynamic	ADJ
fsr-3478	438	8	adjustments	adjustment	NOUN
fsr-3478	438	9	for	for	ADP
fsr-3478	438	10	retirement	retirement	NOUN
fsr-3478	438	11	strategies	strategy	NOUN
fsr-3478	438	12	.	.	PUNCT
fsr-3478	439	1	the	the	DET
fsr-3478	439	2	journal	journal	NOUN
fsr-3478	439	3	of	of	ADP
fsr-3478	439	4	retirement	retirement	NOUN
fsr-3478	439	5	,	,	PUNCT
fsr-3478	439	6	7	7	NUM
fsr-3478	439	7	,	,	PUNCT
fsr-3478	439	8	28–38	28–38	NUM
fsr-3478	439	9	.	.	PUNCT
fsr-3478	440	1	https://doi.org/10.3905/jor.2020.1.063	https://doi.org/10.3905/jor.2020.1.063	NOUN
fsr-3478	440	2	142	142	NUM
fsr-3478	440	3	m.	m.	NOUN
fsr-3478	440	4	athavale	athavale	PROPN
fsr-3478	440	5	et	et	PROPN
fsr-3478	440	6	al	al	PROPN
fsr-3478	440	7	.	.	PUNCT
fsr-3478	440	8	/	/	SYM
fsr-3478	440	9	financial	financial	ADJ
fsr-3478	440	10	services	service	NOUN
fsr-3478	440	11	review	review	VERB
fsr-3478	440	12	30	30	NUM
fsr-3478	440	13	(	(	PUNCT
fsr-3478	440	14	2022	2022	NUM
fsr-3478	440	15	)	)	PUNCT
fsr-3478	441	1	125–143	125–143	NUM
fsr-3478	441	2	estrada	estrada	PROPN
fsr-3478	441	3	,	,	PUNCT
fsr-3478	441	4	j.	j.	PROPN
fsr-3478	441	5	,	,	PUNCT
fsr-3478	441	6	&	&	CCONJ
fsr-3478	441	7	kritzman	kritzman	PROPN
fsr-3478	441	8	,	,	PUNCT
fsr-3478	441	9	m.	m.	NOUN
fsr-3478	441	10	(	(	PUNCT
fsr-3478	441	11	2019	2019	NUM
fsr-3478	441	12	)	)	PUNCT
fsr-3478	441	13	.	.	PUNCT
fsr-3478	442	1	toward	toward	ADP
fsr-3478	442	2	determining	determine	VERB
fsr-3478	442	3	the	the	DET
fsr-3478	442	4	optimal	optimal	ADJ
fsr-3478	442	5	investment	investment	NOUN
fsr-3478	442	6	strategy	strategy	NOUN
fsr-3478	442	7	for	for	ADP
fsr-3478	442	8	retirement	retirement	NOUN
fsr-3478	442	9	.	.	PUNCT
fsr-3478	443	1	the	the	DET
fsr-3478	443	2	journal	journal	PROPN
fsr-3478	443	3	of	of	ADP
fsr-3478	443	4	retirement	retirement	NOUN
fsr-3478	443	5	,	,	PUNCT
fsr-3478	443	6	7	7	NUM
fsr-3478	443	7	,	,	PUNCT
fsr-3478	443	8	35–42	35–42	NUM
fsr-3478	443	9	.	.	PUNCT
fsr-3478	444	1	https://doi.org/10.3905/jor.2019.1.052	https://doi.org/10.3905/jor.2019.1.052	PROPN
fsr-3478	444	2	fama	fama	PROPN
fsr-3478	444	3	,	,	PUNCT
fsr-3478	444	4	e.	e.	PROPN
fsr-3478	444	5	(	(	PUNCT
fsr-3478	444	6	1965	1965	NUM
fsr-3478	444	7	)	)	PUNCT
fsr-3478	444	8	.	.	PUNCT
fsr-3478	445	1	the	the	DET
fsr-3478	445	2	behavior	behavior	NOUN
fsr-3478	445	3	of	of	ADP
fsr-3478	445	4	stock	stock	NOUN
fsr-3478	445	5	market	market	NOUN
fsr-3478	445	6	prices	price	NOUN
fsr-3478	445	7	.	.	PUNCT
fsr-3478	446	1	the	the	DET
fsr-3478	446	2	journal	journal	NOUN
fsr-3478	446	3	of	of	ADP
fsr-3478	446	4	business	business	NOUN
fsr-3478	446	5	,	,	PUNCT
fsr-3478	446	6	38	38	NUM
fsr-3478	446	7	,	,	PUNCT
fsr-3478	446	8	34–105	34–105	NUM
fsr-3478	446	9	.	.	PUNCT
fsr-3478	446	10	https://doi.org/	https://doi.org/	PROPN
fsr-3478	446	11	10.1086/294743	10.1086/294743	NUM
fsr-3478	446	12	finke	finke	PROPN
fsr-3478	446	13	,	,	PUNCT
fsr-3478	446	14	m.	m.	NOUN
fsr-3478	446	15	,	,	PUNCT
fsr-3478	446	16	pfau	pfau	NOUN
fsr-3478	446	17	,	,	PUNCT
fsr-3478	446	18	w.	w.	PROPN
fsr-3478	446	19	,	,	PUNCT
fsr-3478	446	20	&	&	CCONJ
fsr-3478	446	21	blanchett	blanchett	PROPN
fsr-3478	446	22	,	,	PUNCT
fsr-3478	446	23	d.	d.	PROPN
fsr-3478	446	24	(	(	PUNCT
fsr-3478	446	25	2013	2013	NUM
fsr-3478	446	26	)	)	PUNCT
fsr-3478	446	27	.	.	PUNCT
fsr-3478	447	1	the	the	DET
fsr-3478	447	2	4	4	NUM
fsr-3478	447	3	percent	percent	NOUN
fsr-3478	447	4	rule	rule	NOUN
fsr-3478	447	5	is	be	AUX
fsr-3478	447	6	not	not	PART
fsr-3478	447	7	safe	safe	ADJ
fsr-3478	447	8	in	in	ADP
fsr-3478	447	9	a	a	DET
fsr-3478	447	10	low	low	ADJ
fsr-3478	447	11	-	-	PUNCT
fsr-3478	447	12	yield	yield	NOUN
fsr-3478	447	13	world	world	NOUN
fsr-3478	447	14	.	.	PUNCT
fsr-3478	448	1	journal	journal	NOUN
fsr-3478	448	2	of	of	ADP
fsr-3478	448	3	financial	financial	ADJ
fsr-3478	448	4	planning	planning	NOUN
fsr-3478	448	5	,	,	PUNCT
fsr-3478	448	6	26	26	NUM
fsr-3478	448	7	,	,	PUNCT
fsr-3478	448	8	46–55	46–55	NUM
fsr-3478	448	9	.	.	PUNCT
fsr-3478	449	1	gray	gray	PROPN
fsr-3478	449	2	,	,	PUNCT
fsr-3478	449	3	j.	j.	PROPN
fsr-3478	449	4	,	,	PUNCT
fsr-3478	449	5	&	&	CCONJ
fsr-3478	449	6	french	french	PROPN
fsr-3478	449	7	,	,	PUNCT
fsr-3478	449	8	d.	d.	PROPN
fsr-3478	449	9	(	(	PUNCT
fsr-3478	449	10	1990	1990	NUM
fsr-3478	449	11	)	)	PUNCT
fsr-3478	449	12	.	.	PUNCT
fsr-3478	450	1	empirical	empirical	ADJ
fsr-3478	450	2	comparisons	comparison	NOUN
fsr-3478	450	3	of	of	ADP
fsr-3478	450	4	distributional	distributional	ADJ
fsr-3478	450	5	models	model	NOUN
fsr-3478	450	6	for	for	ADP
fsr-3478	450	7	stock	stock	NOUN
fsr-3478	450	8	index	index	NOUN
fsr-3478	450	9	returns	return	NOUN
fsr-3478	450	10	.	.	PUNCT
fsr-3478	451	1	journal	journal	NOUN
fsr-3478	451	2	of	of	ADP
fsr-3478	451	3	business	business	NOUN
fsr-3478	451	4	finance	finance	PROPN
fsr-3478	451	5	&	&	CCONJ
fsr-3478	451	6	accounting	accounting	PROPN
fsr-3478	451	7	,	,	PUNCT
fsr-3478	451	8	17	17	NUM
fsr-3478	451	9	,	,	PUNCT
fsr-3478	451	10	451–459	451–459	NUM
fsr-3478	451	11	.	.	PUNCT
fsr-3478	452	1	https://doi.org/10.1111/j.1468-5957.1990.tb01197.x	https://doi.org/10.1111/j.1468-5957.1990.tb01197.x	PROPN
fsr-3478	452	2	guyton	guyton	PROPN
fsr-3478	452	3	,	,	PUNCT
fsr-3478	452	4	j.	j.	PROPN
fsr-3478	452	5	(	(	PUNCT
fsr-3478	452	6	2004	2004	NUM
fsr-3478	452	7	)	)	PUNCT
fsr-3478	452	8	.	.	PUNCT
fsr-3478	453	1	decision	decision	NOUN
fsr-3478	453	2	rules	rule	NOUN
fsr-3478	453	3	and	and	CCONJ
fsr-3478	453	4	portfolio	portfolio	NOUN
fsr-3478	453	5	management	management	NOUN
fsr-3478	453	6	for	for	ADP
fsr-3478	453	7	retirees	retiree	NOUN
fsr-3478	453	8	:	:	PUNCT
fsr-3478	453	9	is	be	AUX
fsr-3478	453	10	the	the	DET
fsr-3478	453	11	“	"	PUNCT
fsr-3478	453	12	safe	safe	ADJ
fsr-3478	453	13	”	"	PUNCT
fsr-3478	453	14	initial	initial	ADJ
fsr-3478	453	15	withdrawal	withdrawal	NOUN
fsr-3478	453	16	rate	rate	NOUN
fsr-3478	453	17	too	too	ADV
fsr-3478	453	18	safe	safe	ADJ
fsr-3478	453	19	?	?	PUNCT
fsr-3478	454	1	journal	journal	NOUN
fsr-3478	454	2	of	of	ADP
fsr-3478	454	3	financial	financial	ADJ
fsr-3478	454	4	planning	planning	NOUN
fsr-3478	454	5	,	,	PUNCT
fsr-3478	454	6	17	17	NUM
fsr-3478	454	7	,	,	PUNCT
fsr-3478	454	8	54–62	54–62	NUM
fsr-3478	454	9	.	.	PUNCT
fsr-3478	455	1	ho	ho	PROPN
fsr-3478	455	2	,	,	PUNCT
fsr-3478	455	3	k.	k.	PROPN
fsr-3478	455	4	,	,	PUNCT
fsr-3478	455	5	milevsky	milevsky	NOUN
fsr-3478	455	6	,	,	PUNCT
fsr-3478	455	7	m.	m.	NOUN
fsr-3478	455	8	,	,	PUNCT
fsr-3478	455	9	&	&	CCONJ
fsr-3478	455	10	robinson	robinson	PROPN
fsr-3478	455	11	,	,	PUNCT
fsr-3478	455	12	c.	c.	PROPN
fsr-3478	455	13	(	(	PUNCT
fsr-3478	455	14	1994	1994	NUM
fsr-3478	455	15	)	)	PUNCT
fsr-3478	455	16	.	.	PUNCT
fsr-3478	456	1	asset	asset	NOUN
fsr-3478	456	2	allocation	allocation	NOUN
fsr-3478	456	3	,	,	PUNCT
fsr-3478	456	4	life	life	NOUN
fsr-3478	456	5	expectancy	expectancy	NOUN
fsr-3478	456	6	and	and	CCONJ
fsr-3478	456	7	shortfall	shortfall	NOUN
fsr-3478	456	8	.	.	PUNCT
fsr-3478	457	1	financial	financial	ADJ
fsr-3478	457	2	services	service	NOUN
fsr-3478	457	3	review	review	PROPN
fsr-3478	457	4	,	,	PUNCT
fsr-3478	457	5	3	3	NUM
fsr-3478	457	6	,	,	PUNCT
fsr-3478	457	7	109–126	109–126	NUM
fsr-3478	457	8	.	.	PUNCT
fsr-3478	458	1	https://doi.org/10.1016/1057-0810(94)90017-5	https://doi.org/10.1016/1057-0810(94)90017-5	NUM
fsr-3478	458	2	korniotis	korniotis	PROPN
fsr-3478	458	3	,	,	PUNCT
fsr-3478	458	4	g.	g.	PROPN
fsr-3478	458	5	,	,	PUNCT
fsr-3478	458	6	&	&	CCONJ
fsr-3478	458	7	kumar	kumar	PROPN
fsr-3478	458	8	,	,	PUNCT
fsr-3478	458	9	a.	a.	NOUN
fsr-3478	458	10	(	(	PUNCT
fsr-3478	458	11	2011	2011	NUM
fsr-3478	458	12	)	)	PUNCT
fsr-3478	458	13	.	.	PUNCT
fsr-3478	459	1	do	do	AUX
fsr-3478	459	2	older	old	ADJ
fsr-3478	459	3	investors	investor	NOUN
fsr-3478	459	4	make	make	VERB
fsr-3478	459	5	better	well	ADJ
fsr-3478	459	6	investment	investment	NOUN
fsr-3478	459	7	decisions	decision	NOUN
fsr-3478	459	8	?	?	PUNCT
fsr-3478	460	1	review	review	NOUN
fsr-3478	460	2	of	of	ADP
fsr-3478	460	3	economics	economic	NOUN
fsr-3478	460	4	and	and	CCONJ
fsr-3478	460	5	statistics	statistic	NOUN
fsr-3478	460	6	,	,	PUNCT
fsr-3478	460	7	93	93	NUM
fsr-3478	460	8	,	,	PUNCT
fsr-3478	460	9	244–265	244–265	NUM
fsr-3478	460	10	.	.	PUNCT
fsr-3478	461	1	https://doi.org/20.1162/rest_a_00053	https://doi.org/20.1162/rest_a_00053	VERB
fsr-3478	461	2	kring	kring	PROPN
fsr-3478	461	3	,	,	PUNCT
fsr-3478	461	4	s.	s.	PROPN
fsr-3478	461	5	,	,	PUNCT
fsr-3478	461	6	rachev	rachev	VERB
fsr-3478	461	7	,	,	PUNCT
fsr-3478	461	8	s.	s.	PROPN
fsr-3478	461	9	,	,	PUNCT
fsr-3478	461	10	höchstötter	höchstötter	NOUN
fsr-3478	461	11	,	,	PUNCT
fsr-3478	461	12	m.	m.	NOUN
fsr-3478	461	13	,	,	PUNCT
fsr-3478	461	14	fabozzi	fabozzi	PROPN
fsr-3478	461	15	,	,	PUNCT
fsr-3478	461	16	f.	f.	PROPN
fsr-3478	461	17	,	,	PUNCT
fsr-3478	461	18	&	&	CCONJ
fsr-3478	461	19	bianchi	bianchi	PROPN
fsr-3478	461	20	,	,	PUNCT
fsr-3478	461	21	m.	m.	NOUN
fsr-3478	461	22	(	(	PUNCT
fsr-3478	461	23	2009	2009	NUM
fsr-3478	461	24	)	)	PUNCT
fsr-3478	461	25	.	.	PUNCT
fsr-3478	462	1	multi	multi	ADJ
fsr-3478	462	2	-	-	ADJ
fsr-3478	462	3	tail	tail	ADJ
fsr-3478	462	4	generalized	generalize	VERB
fsr-3478	462	5	elliptical	elliptical	ADJ
fsr-3478	462	6	distributions	distribution	NOUN
fsr-3478	462	7	for	for	ADP
fsr-3478	462	8	asset	asset	NOUN
fsr-3478	462	9	returns	return	NOUN
fsr-3478	462	10	.	.	PUNCT
fsr-3478	463	1	econometrics	econometric	NOUN
fsr-3478	463	2	journal	journal	NOUN
fsr-3478	463	3	,	,	PUNCT
fsr-3478	463	4	12	12	NUM
fsr-3478	463	5	,	,	PUNCT
fsr-3478	463	6	272–291	272–291	NUM
fsr-3478	463	7	.	.	PUNCT
fsr-3478	464	1	https://doi.org/0.1111/j.1368-423x.2009.00290.x	https://doi.org/0.1111/j.1368-423x.2009.00290.x	NOUN
fsr-3478	464	2	levy	levy	NOUN
fsr-3478	464	3	,	,	PUNCT
fsr-3478	464	4	h.	h.	PROPN
fsr-3478	464	5	,	,	PUNCT
fsr-3478	464	6	&	&	CCONJ
fsr-3478	464	7	duchin	duchin	PROPN
fsr-3478	464	8	,	,	PUNCT
fsr-3478	464	9	r.	r.	PROPN
fsr-3478	464	10	(	(	PUNCT
fsr-3478	464	11	2004	2004	NUM
fsr-3478	464	12	)	)	PUNCT
fsr-3478	464	13	.	.	PUNCT
fsr-3478	465	1	asset	asset	NOUN
fsr-3478	465	2	return	return	NOUN
fsr-3478	465	3	distributions	distribution	NOUN
fsr-3478	465	4	and	and	CCONJ
fsr-3478	465	5	the	the	DET
fsr-3478	465	6	investment	investment	NOUN
fsr-3478	465	7	horizon	horizon	NOUN
fsr-3478	465	8	.	.	PUNCT
fsr-3478	466	1	the	the	DET
fsr-3478	466	2	journal	journal	PROPN
fsr-3478	466	3	of	of	ADP
fsr-3478	466	4	portfolio	portfolio	NOUN
fsr-3478	466	5	management	management	NOUN
fsr-3478	466	6	,	,	PUNCT
fsr-3478	466	7	30	30	NUM
fsr-3478	466	8	,	,	PUNCT
fsr-3478	466	9	47–62	47–62	NUM
fsr-3478	466	10	.	.	PUNCT
fsr-3478	467	1	https://doi.org/10.3905/jpm.2004.412319	https://doi.org/10.3905/jpm.2004.412319	PROPN
fsr-3478	467	2	liu	liu	PROPN
fsr-3478	467	3	,	,	PUNCT
fsr-3478	467	4	q.	q.	PROPN
fsr-3478	467	5	,	,	PUNCT
fsr-3478	467	6	chang	chang	PROPN
fsr-3478	467	7	,	,	PUNCT
fsr-3478	467	8	r.	r.	PROPN
fsr-3478	467	9	,	,	PUNCT
fsr-3478	467	10	de	de	PROPN
fsr-3478	467	11	jong	jong	PROPN
fsr-3478	467	12	,	,	PUNCT
fsr-3478	467	13	j.	j.	PROPN
fsr-3478	467	14	,	,	PUNCT
fsr-3478	467	15	&	&	CCONJ
fsr-3478	467	16	robinson	robinson	PROPN
fsr-3478	467	17	,	,	PUNCT
fsr-3478	467	18	j.	j.	PROPN
fsr-3478	467	19	(	(	PUNCT
fsr-3478	467	20	2009	2009	NUM
fsr-3478	467	21	)	)	PUNCT
fsr-3478	467	22	.	.	PUNCT
fsr-3478	468	1	reality	reality	NOUN
fsr-3478	468	2	check	check	NOUN
fsr-3478	468	3	:	:	PUNCT
fsr-3478	468	4	the	the	DET
fsr-3478	468	5	implications	implication	NOUN
fsr-3478	468	6	of	of	ADP
fsr-3478	468	7	applying	apply	VERB
fsr-3478	468	8	sustainable	sustainable	ADJ
fsr-3478	468	9	withdrawal	withdrawal	NOUN
fsr-3478	468	10	rate	rate	NOUN
fsr-3478	468	11	analysis	analysis	NOUN
fsr-3478	468	12	to	to	ADP
fsr-3478	468	13	real	real	ADJ
fsr-3478	468	14	world	world	NOUN
fsr-3478	468	15	portfolios	portfolio	NOUN
fsr-3478	468	16	.	.	PUNCT
fsr-3478	469	1	financial	financial	ADJ
fsr-3478	469	2	services	service	NOUN
fsr-3478	469	3	review	review	PROPN
fsr-3478	469	4	,	,	PUNCT
fsr-3478	469	5	18	18	NUM
fsr-3478	469	6	,	,	PUNCT
fsr-3478	469	7	123–139	123–139	NUM
fsr-3478	469	8	.	.	PUNCT
fsr-3478	469	9	merton	merton	PROPN
fsr-3478	469	10	,	,	PUNCT
fsr-3478	469	11	r.	r.	PROPN
fsr-3478	469	12	(	(	PUNCT
fsr-3478	469	13	2014	2014	NUM
fsr-3478	469	14	)	)	PUNCT
fsr-3478	469	15	.	.	PUNCT
fsr-3478	470	1	the	the	DET
fsr-3478	470	2	crisis	crisis	NOUN
fsr-3478	470	3	in	in	ADP
fsr-3478	470	4	retirement	retirement	NOUN
fsr-3478	470	5	planning	planning	NOUN
fsr-3478	470	6	.	.	PUNCT
fsr-3478	471	1	harvard	harvard	PROPN
fsr-3478	471	2	business	business	PROPN
fsr-3478	471	3	review	review	PROPN
fsr-3478	471	4	,	,	PUNCT
fsr-3478	471	5	92	92	NUM
fsr-3478	471	6	,	,	PUNCT
fsr-3478	471	7	42–50	42–50	NUM
fsr-3478	471	8	.	.	PUNCT
fsr-3478	472	1	milevsky	milevsky	NOUN
fsr-3478	472	2	,	,	PUNCT
fsr-3478	472	3	m.	m.	NOUN
fsr-3478	472	4	,	,	PUNCT
fsr-3478	472	5	&	&	CCONJ
fsr-3478	472	6	robinson	robinson	PROPN
fsr-3478	472	7	,	,	PUNCT
fsr-3478	472	8	c.	c.	PROPN
fsr-3478	472	9	(	(	PUNCT
fsr-3478	472	10	2005	2005	NUM
fsr-3478	472	11	)	)	PUNCT
fsr-3478	472	12	.	.	PUNCT
fsr-3478	473	1	a	a	DET
fsr-3478	473	2	sustainable	sustainable	ADJ
fsr-3478	473	3	spending	spending	NOUN
fsr-3478	473	4	rate	rate	NOUN
fsr-3478	473	5	without	without	ADP
fsr-3478	473	6	simulation	simulation	NOUN
fsr-3478	473	7	.	.	PUNCT
fsr-3478	474	1	financial	financial	ADJ
fsr-3478	474	2	analysts	analyst	NOUN
fsr-3478	474	3	journal	journal	NOUN
fsr-3478	474	4	,	,	PUNCT
fsr-3478	474	5	61	61	NUM
fsr-3478	474	6	,	,	PUNCT
fsr-3478	474	7	89–100	89–100	NUM
fsr-3478	474	8	.	.	PUNCT
fsr-3478	475	1	https://doi.org/10.2469/faj.v61.n6.2776	https://doi.org/10.2469/faj.v61.n6.2776	PROPN
fsr-3478	475	2	officer	officer	NOUN
fsr-3478	475	3	,	,	PUNCT
fsr-3478	475	4	r.	r.	PROPN
fsr-3478	475	5	(	(	PUNCT
fsr-3478	475	6	1972	1972	NUM
fsr-3478	475	7	)	)	PUNCT
fsr-3478	475	8	.	.	PUNCT
fsr-3478	476	1	the	the	DET
fsr-3478	476	2	distribution	distribution	NOUN
fsr-3478	476	3	of	of	ADP
fsr-3478	476	4	stock	stock	NOUN
fsr-3478	476	5	returns	return	NOUN
fsr-3478	476	6	.	.	PUNCT
fsr-3478	477	1	journal	journal	NOUN
fsr-3478	477	2	of	of	ADP
fsr-3478	477	3	the	the	DET
fsr-3478	477	4	american	american	PROPN
fsr-3478	477	5	statistical	statistical	PROPN
fsr-3478	477	6	association	association	NOUN
fsr-3478	477	7	,	,	PUNCT
fsr-3478	477	8	67	67	NUM
fsr-3478	477	9	,	,	PUNCT
fsr-3478	477	10	807	807	NUM
fsr-3478	477	11	–	–	PUNCT
fsr-3478	477	12	812	812	NUM
fsr-3478	477	13	.	.	PUNCT
fsr-3478	478	1	https://doi.org/10.1080/01621459.1972.10481297	https://doi.org/10.1080/01621459.1972.10481297	NOUN
fsr-3478	478	2	pfau	pfau	NOUN
fsr-3478	478	3	,	,	PUNCT
fsr-3478	478	4	w.	w.	PROPN
fsr-3478	478	5	(	(	PUNCT
fsr-3478	478	6	2010	2010	NUM
fsr-3478	478	7	)	)	PUNCT
fsr-3478	478	8	.	.	PUNCT
fsr-3478	479	1	an	an	DET
fsr-3478	479	2	international	international	ADJ
fsr-3478	479	3	perspective	perspective	NOUN
fsr-3478	479	4	on	on	ADP
fsr-3478	479	5	safe	safe	ADJ
fsr-3478	479	6	withdrawal	withdrawal	NOUN
fsr-3478	479	7	rates	rate	NOUN
fsr-3478	479	8	from	from	ADP
fsr-3478	479	9	retirement	retirement	NOUN
fsr-3478	479	10	savings	saving	NOUN
fsr-3478	479	11	:	:	PUNCT
fsr-3478	479	12	the	the	DET
fsr-3478	479	13	demise	demise	NOUN
fsr-3478	479	14	of	of	ADP
fsr-3478	479	15	the	the	DET
fsr-3478	479	16	4	4	NUM
fsr-3478	479	17	%	%	NOUN
fsr-3478	479	18	rule	rule	NOUN
fsr-3478	479	19	?	?	PUNCT
fsr-3478	480	1	journal	journal	NOUN
fsr-3478	480	2	of	of	ADP
fsr-3478	480	3	financial	financial	ADJ
fsr-3478	480	4	planning	planning	NOUN
fsr-3478	480	5	,	,	PUNCT
fsr-3478	480	6	23	23	NUM
fsr-3478	480	7	,	,	PUNCT
fsr-3478	480	8	51–61	51–61	NUM
fsr-3478	480	9	.	.	PUNCT
fsr-3478	481	1	pfau	pfau	NOUN
fsr-3478	481	2	,	,	PUNCT
fsr-3478	481	3	w.	w.	NOUN
fsr-3478	481	4	(	(	PUNCT
fsr-3478	481	5	2012	2012	NUM
fsr-3478	481	6	)	)	PUNCT
fsr-3478	481	7	.	.	PUNCT
fsr-3478	482	1	capital	capital	NOUN
fsr-3478	482	2	market	market	NOUN
fsr-3478	482	3	expectations	expectation	NOUN
fsr-3478	482	4	,	,	PUNCT
fsr-3478	482	5	asset	asset	NOUN
fsr-3478	482	6	allocation	allocation	NOUN
fsr-3478	482	7	,	,	PUNCT
fsr-3478	482	8	and	and	CCONJ
fsr-3478	482	9	safe	safe	ADJ
fsr-3478	482	10	withdrawal	withdrawal	NOUN
fsr-3478	482	11	rates	rate	NOUN
fsr-3478	482	12	.	.	PUNCT
fsr-3478	483	1	journal	journal	NOUN
fsr-3478	483	2	of	of	ADP
fsr-3478	483	3	financial	financial	ADJ
fsr-3478	483	4	planning	planning	NOUN
fsr-3478	483	5	,	,	PUNCT
fsr-3478	483	6	25	25	NUM
fsr-3478	483	7	,	,	PUNCT
fsr-3478	483	8	36–43	36–43	NUM
fsr-3478	483	9	.	.	PUNCT
fsr-3478	483	10	pye	pye	PROPN
fsr-3478	483	11	,	,	PUNCT
fsr-3478	483	12	g.	g.	PROPN
fsr-3478	483	13	(	(	PUNCT
fsr-3478	483	14	2000	2000	NUM
fsr-3478	483	15	)	)	PUNCT
fsr-3478	483	16	.	.	PUNCT
fsr-3478	484	1	sustainable	sustainable	ADJ
fsr-3478	484	2	investment	investment	NOUN
fsr-3478	484	3	withdrawals	withdrawal	NOUN
fsr-3478	484	4	.	.	PUNCT
fsr-3478	485	1	the	the	DET
fsr-3478	485	2	journal	journal	PROPN
fsr-3478	485	3	of	of	ADP
fsr-3478	485	4	portfolio	portfolio	NOUN
fsr-3478	485	5	management	management	NOUN
fsr-3478	485	6	,	,	PUNCT
fsr-3478	485	7	26	26	NUM
fsr-3478	485	8	,	,	PUNCT
fsr-3478	485	9	73–83	73–83	NUM
fsr-3478	485	10	.	.	PUNCT
fsr-3478	486	1	https://	https://	PROPN
fsr-3478	486	2	doi.org/10.3905/jpm.2000.319765	doi.org/10.3905/jpm.2000.319765	PROPN
fsr-3478	486	3	robinson	robinson	PROPN
fsr-3478	486	4	,	,	PUNCT
fsr-3478	486	5	c.	c.	PROPN
fsr-3478	486	6	,	,	PUNCT
fsr-3478	486	7	&	&	CCONJ
fsr-3478	486	8	tahani	tahani	PROPN
fsr-3478	486	9	,	,	PUNCT
fsr-3478	486	10	n.	n.	PROPN
fsr-3478	486	11	(	(	PUNCT
fsr-3478	486	12	2010	2010	NUM
fsr-3478	486	13	)	)	PUNCT
fsr-3478	486	14	.	.	PUNCT
fsr-3478	487	1	sustainable	sustainable	ADJ
fsr-3478	487	2	retirement	retirement	NOUN
fsr-3478	487	3	income	income	NOUN
fsr-3478	487	4	for	for	ADP
fsr-3478	487	5	the	the	DET
fsr-3478	487	6	socialite	socialite	NOUN
fsr-3478	487	7	,	,	PUNCT
fsr-3478	487	8	the	the	DET
fsr-3478	487	9	gardener	gardener	NOUN
fsr-3478	487	10	,	,	PUNCT
fsr-3478	487	11	and	and	CCONJ
fsr-3478	487	12	the	the	DET
fsr-3478	487	13	uninsured	uninsured	ADJ
fsr-3478	487	14	.	.	PUNCT
fsr-3478	488	1	financial	financial	ADJ
fsr-3478	488	2	services	services	PROPN
fsr-3478	488	3	review	review	PROPN
fsr-3478	488	4	,	,	PUNCT
fsr-3478	488	5	19	19	NUM
fsr-3478	488	6	,	,	PUNCT
fsr-3478	488	7	187–202	187–202	NUM
fsr-3478	488	8	.	.	PUNCT
fsr-3478	488	9	sandidge	sandidge	PROPN
fsr-3478	488	10	,	,	PUNCT
fsr-3478	488	11	j.	j.	PROPN
fsr-3478	488	12	(	(	PUNCT
fsr-3478	488	13	2020	2020	NUM
fsr-3478	488	14	)	)	PUNCT
fsr-3478	488	15	.	.	PUNCT
fsr-3478	489	1	odds	odd	NOUN
fsr-3478	489	2	are	be	AUX
fsr-3478	489	3	retirees	retiree	NOUN
fsr-3478	489	4	do	do	AUX
fsr-3478	489	5	n’t	not	PART
fsr-3478	489	6	care	care	VERB
fsr-3478	489	7	about	about	ADP
fsr-3478	489	8	the	the	DET
fsr-3478	489	9	odds	odd	NOUN
fsr-3478	489	10	.	.	PUNCT
fsr-3478	490	1	retirement	retirement	NOUN
fsr-3478	490	2	management	management	PROPN
fsr-3478	490	3	journal	journal	NOUN
fsr-3478	490	4	,	,	PUNCT
fsr-3478	490	5	9	9	NUM
fsr-3478	490	6	,	,	PUNCT
fsr-3478	490	7	37–49	37–49	NUM
fsr-3478	490	8	.	.	PUNCT
fsr-3478	491	1	scott	scott	PROPN
fsr-3478	491	2	,	,	PUNCT
fsr-3478	491	3	j.	j.	PROPN
fsr-3478	491	4	,	,	PUNCT
fsr-3478	491	5	sharpe	sharpe	PROPN
fsr-3478	491	6	,	,	PUNCT
fsr-3478	491	7	w.	w.	PROPN
fsr-3478	491	8	,	,	PUNCT
fsr-3478	491	9	&	&	CCONJ
fsr-3478	491	10	watson	watson	PROPN
fsr-3478	491	11	,	,	PUNCT
fsr-3478	491	12	j.	j.	PROPN
fsr-3478	491	13	(	(	PUNCT
fsr-3478	491	14	2009	2009	NUM
fsr-3478	491	15	)	)	PUNCT
fsr-3478	491	16	.	.	PUNCT
fsr-3478	492	1	the	the	DET
fsr-3478	492	2	4	4	NUM
fsr-3478	492	3	%	%	NOUN
fsr-3478	492	4	rule	rule	NOUN
fsr-3478	492	5	at	at	ADP
fsr-3478	492	6	what	what	DET
fsr-3478	492	7	price	price	NOUN
fsr-3478	492	8	?	?	PUNCT
fsr-3478	493	1	journal	journal	NOUN
fsr-3478	493	2	of	of	ADP
fsr-3478	493	3	investment	investment	NOUN
fsr-3478	493	4	management	management	NOUN
fsr-3478	493	5	,	,	PUNCT
fsr-3478	493	6	7	7	NUM
fsr-3478	493	7	,	,	PUNCT
fsr-3478	493	8	31–48	31–48	NUM
fsr-3478	493	9	.	.	PUNCT
fsr-3478	494	1	spitzer	spitzer	PROPN
fsr-3478	494	2	,	,	PUNCT
fsr-3478	494	3	j.	j.	PROPN
fsr-3478	494	4	,	,	PUNCT
fsr-3478	494	5	strieter	strieter	PROPN
fsr-3478	494	6	,	,	PUNCT
fsr-3478	494	7	j.	j.	PROPN
fsr-3478	494	8	,	,	PUNCT
fsr-3478	494	9	&	&	CCONJ
fsr-3478	494	10	singh	singh	PROPN
fsr-3478	494	11	,	,	PUNCT
fsr-3478	494	12	s.	s.	PROPN
fsr-3478	494	13	(	(	PUNCT
fsr-3478	494	14	2007	2007	NUM
fsr-3478	494	15	)	)	PUNCT
fsr-3478	494	16	.	.	PUNCT
fsr-3478	495	1	guidelines	guideline	NOUN
fsr-3478	495	2	for	for	ADP
fsr-3478	495	3	withdrawal	withdrawal	NOUN
fsr-3478	495	4	rates	rate	NOUN
fsr-3478	495	5	and	and	CCONJ
fsr-3478	495	6	portfolio	portfolio	NOUN
fsr-3478	495	7	safety	safety	NOUN
fsr-3478	495	8	during	during	ADP
fsr-3478	495	9	retirement	retirement	NOUN
fsr-3478	495	10	.	.	PUNCT
fsr-3478	496	1	journal	journal	PROPN
fsr-3478	496	2	of	of	ADP
fsr-3478	496	3	financial	financial	ADJ
fsr-3478	496	4	planning	planning	NOUN
fsr-3478	496	5	,	,	PUNCT
fsr-3478	496	6	20	20	NUM
fsr-3478	496	7	,	,	PUNCT
fsr-3478	496	8	52–59	52–59	NUM
fsr-3478	496	9	.	.	PUNCT
fsr-3478	497	1	stout	stout	PROPN
fsr-3478	497	2	,	,	PUNCT
fsr-3478	497	3	r.	r.	PROPN
fsr-3478	497	4	,	,	PUNCT
fsr-3478	497	5	&	&	CCONJ
fsr-3478	497	6	mitchell	mitchell	PROPN
fsr-3478	497	7	,	,	PUNCT
fsr-3478	497	8	j.	j.	PROPN
fsr-3478	497	9	(	(	PUNCT
fsr-3478	497	10	2006	2006	NUM
fsr-3478	497	11	)	)	PUNCT
fsr-3478	497	12	.	.	PUNCT
fsr-3478	498	1	dynamic	dynamic	ADJ
fsr-3478	498	2	retirement	retirement	NOUN
fsr-3478	498	3	withdrawal	withdrawal	NOUN
fsr-3478	498	4	planning	planning	NOUN
fsr-3478	498	5	.	.	PUNCT
fsr-3478	499	1	financial	financial	ADJ
fsr-3478	499	2	services	service	NOUN
fsr-3478	499	3	review	review	PROPN
fsr-3478	499	4	,	,	PUNCT
fsr-3478	499	5	15	15	NUM
fsr-3478	499	6	,	,	PUNCT
fsr-3478	499	7	117	117	NUM
fsr-3478	499	8	–	–	SYM
fsr-3478	499	9	131	131	NUM
fsr-3478	499	10	.	.	PUNCT
fsr-3478	500	1	m.	m.	NOUN
fsr-3478	500	2	athavale	athavale	PROPN
fsr-3478	500	3	et	et	PROPN
fsr-3478	500	4	al	al	PROPN
fsr-3478	500	5	.	.	PUNCT
fsr-3478	500	6	/	/	SYM
fsr-3478	500	7	financial	financial	ADJ
fsr-3478	500	8	services	service	NOUN
fsr-3478	500	9	review	review	VERB
fsr-3478	500	10	30	30	NUM
fsr-3478	500	11	(	(	PUNCT
fsr-3478	500	12	2022	2022	NUM
fsr-3478	500	13	)	)	PUNCT
fsr-3478	500	14	125–143	125–143	NOUN
fsr-3478	500	15	143	143	NUM