Tontines: A Practitioner’s Guide to Mortality-Pooled Investments

Tontines: A Practitioner’s Guide to Mortality-Pooled Investments PDF Author: Richard K. Fullmer
Publisher: CFA Institute Research Foundation
ISBN: 1944960767
Category : Business & Economics
Languages : en
Pages : 54

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Book Description
Tontines and similar mortality-pooled investment arrangements offer a useful and unique value proposition to the global retirement challenge.

Tontines: A Practitioner’s Guide to Mortality-Pooled Investments

Tontines: A Practitioner’s Guide to Mortality-Pooled Investments PDF Author: Richard K. Fullmer
Publisher: CFA Institute Research Foundation
ISBN: 1944960767
Category : Business & Economics
Languages : en
Pages : 54

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Book Description
Tontines and similar mortality-pooled investment arrangements offer a useful and unique value proposition to the global retirement challenge.

Tontines

Tontines PDF Author: Richard K. Fullmer
Publisher:
ISBN: 9781944960759
Category :
Languages : en
Pages :

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Book Description


How to Build a Modern Tontine

How to Build a Modern Tontine PDF Author: Moshe Arye Milevsky
Publisher: Springer Nature
ISBN: 3031009282
Category : Business & Economics
Languages : en
Pages : 169

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Book Description
This open access book introduces the modern tontine and its applications in retirement and decumulation. Personal financial management in the later stages of life presents unique challenges, and renowned retirement planning expert Dr. Milevsky proposes the modern tontine as a solution. With the goal of guiding professionals and retirees in more efficient decumulation, the book demonstrates how to build a modern tontine. It is technically oriented, employing a cookbook format, featuring R code, and examining retirement planning through a statistical lens. This how-to guide, which is a sequel to his 2020 book “Retirement Income Recipes in R”, will be invaluable for retirement planning professionals and advisors, as well as for PhD scholars in retirement planning, quantitative finance, and related fields. This book is open access.

Research Foundation Review 2019

Research Foundation Review 2019 PDF Author: CFA Institute Research Foundation
Publisher: CFA Institute Research Foundation
ISBN: 1944960945
Category : Business & Economics
Languages : en
Pages : 120

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Book Description
Research Foundation Review 2019 presents the offerings from CFA Institute Research Foundation during 2019. We start with an overview, summarize the year's output, and end with other relevant material, such as awards and recognition.

Wealth After Work

Wealth After Work PDF Author: William G. Gale
Publisher: Brookings Institution Press
ISBN: 0815739354
Category : Business & Economics
Languages : en
Pages : 406

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Book Description
Pensions and retirement saving plans have helped millions of households build financial security. But tens of millions of people have been left behind, without access to these wealth accumulation vehicles. For many others, the plans they have do not ensure financial security in retirement. The problems that underlie these failures can be addressed. This book proposes concrete, practical ways to make dependable retirement income accessible for all Americans—not just those with means. Individual accounts have eclipsed traditional pensions as the primary vehicle for retirement saving in the United States—a shift that underlies many sources of retirement insecurity. The 401(k) plan and similar accounts have increased financial security for many people but have done nothing for millions more. Many of those who do have such plans are burdened with the need to make numerous saving, investment, and withdrawal decisions that stress their financial acumen. Financial advice that is unbiased, unconflicted, and affordable is often difficult to find. Managing wealth in retirement—especially the need to convert retirement savings into steady income—poses significant challenges that current financial instruments and practices do not adequately address. Economic downturns like the Great Recession and the COVID-19 pandemic increase financial insecurity and make addressing these issues more urgent. Written by noted experts in the field, Wealth After Work offers practical solutions that address these concerns. The proposals show how policymakers can help all Americans gain access to retirement savings accounts, obtain better information about their savings choices, and better manage their wealth in retirement. By proposing solutions that build on, rather than replace the existing system, the book provides a nuanced, practical guide to reform that would benefit all Americans.

New Models for Managing Longevity Risk

New Models for Managing Longevity Risk PDF Author: Olivia S. Mitchell
Publisher: Oxford University Press
ISBN: 0192859803
Category : Law
Languages : en
Pages : 353

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Book Description
This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Notwithstanding the terrible price the world has paid in the coronavirus pandemic, the fact remains that longevity at older ages is likely to continue to rise in the medium and longer term. This volume explores how the private and public sectors can collaborate via public-private partnerships (PPPs) to develop new mechanisms to reduce older people's risk of outliving their assets in later life. As this volume shows, PPPs typically involve shared government financing alongside private sector partner expertise, management responsibility, and accountability. In addition to offering empirical evidence on examples where this is working well, contributors provide case studies, discuss survey results, and examine a variety of different financial and insurance products to better meet the needs of the aging population. This volume will be informative to researchers, plan sponsors, students, and policymakers seeking to enhance retirement plan offerings.

OECD Pensions Outlook 2022

OECD Pensions Outlook 2022 PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264902864
Category :
Languages : en
Pages : 201

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Book Description
The 2022 edition focuses on describing best practices for developing mortality tables and providing policy guidance on how to design, implement and continue the operation of non-guaranteed lifetime retirement income arrangements.

Investing against evidence

Investing against evidence PDF Author: Marope, P.T.M.
Publisher: UNESCO Publishing
ISBN: 9231001132
Category : Education
Languages : en
Pages : 289

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Book Description


A History of the Theory of Investments

A History of the Theory of Investments PDF Author: Mark Rubinstein
Publisher: John Wiley & Sons
ISBN: 1118161092
Category : Business & Economics
Languages : en
Pages : 393

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Book Description
"This exceptional book provides valuable insights into the evolution of financial economics from the perspective of a major player." -- Robert Litzenberger, Hopkinson Professor Emeritus of Investment Banking, Univ. of Pennsylvania; and retired partner, Goldman Sachs A History of the Theory of Investments is about ideas -- where they come from, how they evolve, and why they are instrumental in preparing the future for new ideas. Author Mark Rubinstein writes history by rewriting history. In unearthing long-forgotten books and journals, he corrects past oversights to assign credit where credit is due and assembles a remarkable history that is unquestionable in its accuracy and unprecedented in its power. Exploring key turning points in the development of investment theory, through the critical prism of award-winning investment theory and asset pricing expert Mark Rubinstein, this groundbreaking resource follows the chronological development of investment theory over centuries, exploring the inner workings of great theoretical breakthroughs while pointing out contributions made by often unsung contributors to some of investment's most influential ideas and models.

World Development Report 1978

World Development Report 1978 PDF Author:
Publisher: World Bank Publications
ISBN: 0821372823
Category : Adaptation (Biology)
Languages : en
Pages : 135

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Book Description
This first report deals with some of the major development issues confronting the developing countries and explores the relationship of the major trends in the international economy to them. It is designed to help clarify some of the linkages between the international economy and domestic strategies in the developing countries against the background of growing interdependence and increasing complexity in the world economy. It assesses the prospects for progress in accelerating growth and alleviating poverty, and identifies some of the major policy issues which will affect these prospects.