The Retirement Income Industry Association this week announced that Duncan Williams, a graduate instructor in the personal financial planning division at Texas Tech University, and his advisor, Michael Finke, an associate professor and coordinator at the university, will receive the first Academic Thought Leadership Award at the association's Fall Conference & Awards Gala in Boston in October.

Bruce Wolfe, the managing director at Allianz Global Investors, will present the duo with the award and a $5,000 prize for their award-winning paper titled "Determining Optimal Withdrawal Rates: An Economic Approach."

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