Nestor: Information Needed From You
Single or Joint Life Analysis
Indicates whether the analysis will be for one or two individuals
Age(s)
The current age(s) of the individual(s), which is used to define the length of the period of analysis and the estimated price of annuities
Gender(s)
Used to estimate the price of annuities
Savings
The amount of money available for retirement
Sources of Income
Wages, pension benefits, social security, and other sources of income that you expect to receive during retirement.
Spending Curve
The pattern of discretionary spending you anticipate during retirement. The model accommodates 4 different types of spending curves:
Curve Description (before inflation effects)
- “Steady Eddie“: a constant dollar amount
- “Harvester“: decrease 5% per year to age 85; flat thereafter
- “Squirreler“: increase 3% per year to age 90; flat thereafter
- “Cake Eater“: decrease 7% per year to age 85; flat from age 85 to age 90; increase 7% per year thereafter
Investing Behavior
How, if at all, you would adjust your investment portfolio in a bad market scenario
Spending Behavior
Whether or not you would reduce your spending in a bad market scenario
Basic Spending
The annual spending amount that is most essential for you to meet each year during retirement
Reserve Savings
The minimum amount of savings you want to be sure to have available at any time during your retirement.