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Finance and Financial Management Commons™
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- MORTGAGE loans (2)
- PLANNING (2)
- RETIREMENT (2)
- 401(K) plans (1)
- ADJUSTABLE rate mortgages (1)
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- ASSET allocation (1)
- BANK holding companies (1)
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Articles 1 - 5 of 5
Full-Text Articles in Finance and Financial Management
Asset Allocation For Retirement: Simple Heuristics And Target-Date Funds, Steven D. Dolvin, William K. Templeton, William Rieber
Asset Allocation For Retirement: Simple Heuristics And Target-Date Funds, Steven D. Dolvin, William K. Templeton, William Rieber
William K. Templeton
We examine common asset allocation strategies for retirement investing, considering both static and dynamic approaches, as well as those allocation policies used by leading target-date fund providers. We studied the average performance of each strategy over historical rolling periods (that is, bootstrapping), using actual annual returns starting in 1926. Then we applied the simulation method to review potential future results, as well as to provide additional insight into the structure and characteristics of each approach. We find that, over time, certain static approaches are essentially equivalent to dynamic strategies that reduce equity exposure through time. Further, we find that most …
The Effect Of Nonbank Diversification On Bank Holding Company Risk, William K. Templeton, Jacobus T. Severiens
The Effect Of Nonbank Diversification On Bank Holding Company Risk, William K. Templeton, Jacobus T. Severiens
William K. Templeton
Examines the effect of activity diversification on bank holding company (BHC) risk. Historical background of the BHC; Presentation of the research design and test results; Predictions of the modern portfolio theory; Implications of the study regarding the effect of nonbank diversification on BHC risk.
A Simulation Approach To The Choice Between Fixed And Adjustable Rate Mortgages, William K. Templeton, Robert S. Main, J. B. Orris
A Simulation Approach To The Choice Between Fixed And Adjustable Rate Mortgages, William K. Templeton, Robert S. Main, J. B. Orris
William K. Templeton
Presents a study which offers simulation approach model by which borrowers may more effectively evaluate fixed rate mortgage (FRM) and adjustable rate mortgage (ARM) choice. Identification of pricing variables as an important determinant of choice; Construction of model parameters comparing present value costs of ARM and FRM; Presentation of simulation outputs.
An Investigation Of Adjustable-Rate Mortgage Pricing Features, William K. Templeton, Robert S. Main, J. B. Orris
An Investigation Of Adjustable-Rate Mortgage Pricing Features, William K. Templeton, Robert S. Main, J. B. Orris
William K. Templeton
Investigates costs and risks associated with the choice of terms for adjustable rate mortgages. Impact of mortgage-rate changes on the size of payments for adjustable-rate mortgages; Examination of the choice of length of the fixed period before the occurrence of the first interest rate; Assessment of the choice of annual and lifetime caps for a standard one year adjustable rate mortgages.
Financial Education And Asset Allocation, Steven D. Dolvin, William K. Templeton
Financial Education And Asset Allocation, Steven D. Dolvin, William K. Templeton
William K. Templeton
We conduct a clinical study on a firm that restructures its 401(k) plan and simultaneously offers financial education seminars to its employees. The restructuring requires each employee to restate allocation percentages, thus we are able to analyze the specific benefits of retirement planning seminars on the asset allocation decision. We find that seminar attendance is associated with increased portfolio diversification and improved risk management. When combined with changes in return, the overall result is that seminar attendees create more efficient portfolios, which implies a better understanding of the retirement planning process.