The Calculus of Retirement Income: Financial Models for Pension Annuities and Life Insurance
Product Description
Condition - Very Good
The item shows wear from consistent use but remains in good condition. It may arrive with damaged packaging or be repackaged.
The Calculus of Retirement Income: Financial Models for Pension Annuities and Life Insurance
- Used Book in Good Condition
This 2006 book introduces and develops the basic actuarial models and underlying pricing of life-contingent pension annuities and life insurance from a unique financial perspective. The ideas and techniques are then applied to the real-world problem of generating sustainable retirement income towards the end of the human life-cycle. The role of lifetime income, longevity insurance, and systematic withdrawal plans are investigated in a parsimonious framework. The underlying technology and terminology of the book are based on continuous-time financial economics by merging analytic laws of mortality with the dynamics of equity markets and interest rates. Nonetheless, the book requires a minimal background in mathematics and emphasizes applications and examples more than proofs and theorems. It can serve as an ideal textbook for an applied course on wealth management and retirement planning in addition to being a reference for quantitatively-inclined financial planners.
Technical Specifications
You might also like
Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement (The Retirement Researcher Guide Series)
Life Annuities: An Optimal Product for Retirement Income
The 7 Most Important Equations for Your Retirement: The Fascinating People and Ideas Behind Planning Your Retirement Income
Strategic Financial Planning over the Lifecycle: A Conceptual Approach to Personal Risk Management
Pensionize Your Nest Egg: How to Use Product Allocation to Create a Guaranteed Income for Life
How Much Can I Spend in Retirement?: A Guide to Investment-Based Retirement Income Strategies (The Retirement Researcher's Guide Series)
King William's Tontine: Why the Retirement Annuity of the Future Should Resemble its Past
Retirement Income Redesigned: Master Plans for Distribution -- An Adviser's Guide for Funding Boomers' Best Years
Living Off Your Money: The Modern Mechanics of Investing During Retirement with Stock and Bonds
How to Make Your Money Last: The Indispensable Retirement Guide