The role and helpfulness of pensions in personal financial investment after retirement

More than 90% of wage earners in the United States can receive pension options benefits after retirement. It is especially important to manage funds reasonably and choose right investment We use capital asset pricing model (CAPM) Fama-French three-factor establish non-pension portfolios measure return risk changes portfolio investments under different investments. The experimental results show that pensions are great help Sharpe ratio With intervention factors, provide good stable income support for Especially expectations markets, performed extremely well establishment reasonable investment, we suggest adding will bring more performance.