4,555 research outputs found
Folder 2: Court Documents 1, 1980-1981
No full textPhotocopies of a brief filed June 22, 1980 for the lawyers representing the State of Texas during an appeal in the State of Texas v. Richard Craig Schwiderski case
Nearly optimal asset allocations in retirement
No full textAn important and frequently studied question for retirees is: what is the optimal asset allocation during retirement? This article provides a brief but simple message that conservative asset allocations in retirement are quite acceptable after all. A wide range of asset allocations tend to provide very similar results in terms of sustainable withdrawal rates for given probabilities of failure. For example, with Monte Carlo simulations based on historical data parameters, a 4.4 percent withdrawal rate for a 30-year horizon could be supported with a 10 percent chance of failure using a 50/50 asset allocation of stocks and bonds. But the range of stock allocations supporting a withdrawal rate within 0.1 percentage points of this maximum extend from 27 to 87 percent. Though asset allocation will also impact the amount which can be left as bequests, it is the case that relatively low stock allocations can support retirees just as well for a given failure rate and retirement duration.retirement planning; safe withdrawal rates; asset allocation
Can We Predict the Sustainable Withdrawal Rate for New Retirees?
No full textI investigate how well market valuation and yield measures predict the maximum sustainable withdrawal rate (MWR) that a person can use with their retirement savings to obtain inflation-adjusted income over a 30-year period. The regression framework includes variables to predict long-term stock returns, bond returns, and inflation (the components driving a retiree's remaining portfolio balance). It produces estimates that fit the historical data well. This study suggests that a 4 percent withdrawal rate cannot be considered as safe for U.S. retirees in recent years when the cyclically-adjusted price-earnings ratio has experienced historical highs and the dividend yield has experienced historical lows. Nevertheless, there are important qualifications for these predictions. Most importantly, they depend on out-of-sample estimates as the circumstances of the past 15 years have not been witnessed before. Readers persuaded by this analysis may wish to include TIPS and other assets as a part of their portfolios, and recent retirees should closely monitor their spending and portfolio balance. Maintaining flexibility with retirement spending is important. More generally, this framework can guide new retirees toward a reasonable range for their expected MWR so that the 4 percent rule need not be blindly followed.safe withdrawal rates, retirement planning, market valuation, price-earnings ratio, dividend yield, stock returns, bond returns
Pedagogical Evaluation of a Domain-Driven Design Framework
No full textThis paper presents a pedagogical evaluation of the framework SDDD as a “soft systems” approach to Domain-Driven Design of computer-based information systems development. The framework combined techniques from Soft Systems Methodology (SSM), the Unified Modelling Language (UML), and an implementation pattern. Systems development and teaching evaluations are done to find better framework which can be used for teaching and developing information systems. More Feedback and reflections from the lecturers and Msc students of the module Methods and Modeling are presented. The results are supported our previous work of proposing the framework to enhance the understanding of the business process modeling and implementation into an integrated framework. This is an enhancement of Domain Driven Design approach because new “soft layer” is added and the framework used for teaching further than development as DDD. Comments received from all participants are used to enhance the framework development and for further evaluation in the future
A Scaffolded Approach to Teaching Information Systems Design
No full textThis paper reflects on the experience of delivering a module in Information Systems Design to postgraduate students. The module has been taught for a number of years but has recently been restructured around a novel systems development framework presented as a pattern language. This restructuring represents a move towards a “scaffolded” approach to delivering the module. We present evidence that this approach has
improved both the students’ technical skills and their confidence in applying these skills
A recital
No full textProgram notes and recording of the recital, performed by the Kansas State University Chamber Choir; Jess Wade, piano; the author, conductor.Digitized by Kansas Correctional Industrie
Thomas Wade Herren papers, MSS.4154
No full textAbstract: Papers, correspondence, and photographs documenting the life and military career of Lieutenant General Thomas W. Herren of Dadeville, AlabamaScope and Content Note: The collection contains papers, correspondence, and photographs documenting the life and military career of Lieutenant General Thomas W. Herren of Dadeville, Alabama. There are two copies of the report of the TASK FORCE HERREN, part of the Seventieth Infantry Division during World War II, written by then Brigadier General Thomas W. Herren, the Assistant Division Commander.A significant part of the collection is the compilation of letters congratulating Herren on his retirement from the U. S. Army after almost forty years of service. Also there is a large number of photographs (along with a few photocopied ones) and a few newspaper clippings.Biographical/Historical Note: Thomas Wade Herren, son of Wood S. and Mary Ann Daniel Herren, was born on August 9, 1895, in Dadeville, Alabama. He graduated from the University of Alabama in 1917, and in May of that year enrolled in the first officers training camp at Fort. McPherson, Georgia. He served in the U. S. Army for almost forty years in various regiments and divisions, including the Seventy-eighth Field Artillery Regiment; Third Cavalry Regiment; Eighth Cavalry Regiment; Sixth Cavalry Regiment; Seventh Infantry Division; and the Fourth U. S. Army. He held commands in the 106th Cavalry Regiment (U. S.); U. S. Army Cavalry School; Seventieth Division (U. S.); Northern Area Command - U. S. Army of Occupation, Germany; Lorean Communication Zone; Chief of Special Services, Department of the Army; Military District of Washington; First U. S. Army; and the U. S. Military Representative to the United Nations. He served during both World Wars and the Korean Conflict.While he was serving with the Eighth Cavalry Regiment at Fort Bliss, he met and married Lillian Hague Corcoran, the daughter of a cavalry officer. The couple had two sons: Thomas W., Jr. and John D. Herren. He retired from the Army as a Lieutenant General in July 1957. He worked in the private sector in Washington D.C. until 1967. He died on June 4, 1985
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