TY - JOUR T1 - Life Cycle Investing: <em>From Target-Date</em> <br/> <em>to Goal-Based Investing</em> JF - The Journal of Wealth Management SP - 23 LP - 32 DO - 10.3905/jwm.2013.16.1.023 VL - 16 IS - 1 AU - Ronald Janssen AU - Bert Kramer AU - Guus Boender Y1 - 2013/04/30 UR - https://pm-research.com/content/16/1/23.abstract N2 - The authors propose the use of goal based investing—or private ALM, as they prefer to call it—to tailor a dynamic investment strategy to the needs of individual clients. They argue that this approach is superior to the “one-size-fits-all,” target-date-oriented static allocation path used in most current life cycle funds. They present the two pillars of their approach: the methodology for obtaining financial and economic scenarios, and the methodology of the goal-oriented dynamic allocation strategy. This approach reduces the risks and improves the feasibility of meeting the clients’ goals.TOPICS: Retirement, portfolio construction, simulations ER -