Department of Economics, Finance and Global Business

Duncan Williams


Office:   VRB3037
Phone:   (973) 720-3892
Office Hours:   By appintment

Department: Economics, Finance and GlobalBus
Position: Assistant Professor
Area Specialization: Personal Financial Planning, Portfolio Optimization, Retirement Planning, Distribution Planning

Duncan Williams, CFP® is an assistant professor of financial planning.  His research is focused in the areas of household portfolio management and retirement planning, with a particular emphasis on post-retirement distribution planning.  He is passionate about helping academia serve the financial services industry and advancing the financial planning profession.  Duncan is involved in leadership and is a frequent speaker for several industry associations.  He received his Masters of Science in Finance from Texas Tech University in 2011 and is on schedule to receive his PhD in Personal Financial Planning in 2012.  Prior to pursing graduate coursework, Duncan worked as a practitioner for 10 years in Atlanta.

Professional Degrees:

Doctoral candidate in Personal Financial Planning, Texas Tech University
M.S. in Finance, Texas Tech University (2011)
B.S. in Economics, University of Georgia (2003)

Previous Appointments / Service:

  • Graduate Instructor, Texas Tech University, 2009-2012
  • Online Instructor, College for Financial Planning, 2012
  • Academic Advisory Council for The Journal of Financial Planning, 2011-
  • Curriculum Advisory Board for the Retirement Management Analyst designation, 2011-
  • President of the Financial Planning Association of West Texas, 2011-2012
  • Board Member, Financial Planning Association of Georgia, 2008
  • Financial Planner, Atlanta, GA, 1998-2008

Primary Research Interests:

  • My primary research interests are in household portfolio management and retirement planning, particularly in helping retired households maximize their resources in retirement.  


Representative Publications:

Refereed Journals

  • Williams, Duncan and Michael Finke, 2011, “Determining Optimal Withdrawal Rates: An Economic Approach”.  The Retirement Management Journal, 1 (2), 35-47.* (see Awards)
  • Williams, Duncan, Michael Finke and Wade Pfau, 2012, “Spending Flexibility and Safe Withdrawal Rates”.  The Journal of Financial Planning.

Available at


Conference Presentations         

  • “The New Retirement Landscape,” presented at the Retirement Income Industry Association Spring Conference, 2012
  • “Withdrawal Rate Optimization”, presented at the Academy of Financial Services Conference, 2011
  • “Do Sector Factors Drive Portfolio Performance?”, presented at the Academy of Financial Services Conference, 2010
  • “Best Practices in Financial Planning Capstone Courses”, research poster presentation at the CFP® Board’s Program Directors’ Conference, 2010


Current Courses Offered:

  • Financial Well Being (FINP 1600)
    Course Syllabus
    Topical Resources
  • Personal Financial Planning (FINP / FIN 3600)
    Course Syllabus
    Topical Resources

Insurance Analysis & Planning (FINP / FIN 4600)
Course Syllabus
Topical Resources