How to Build a Modern Tontine : Algorithms, Scripts and Tips / by Moshe Arye Milevsky

By:

Milevsky, Moshe Arye, 1967- [VerfasserIn]

Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: Future of Business and FinancePublisher: Cham : Springer International Publishing, 2022Publisher: Cham : Imprint: Springer, 2022Edition: 1st ed. 2022Description: 1 Online-Ressource(XXI, 156 p. 35 illus., 30 illus. in color.)ISBN:

9783031009280

Subject(s):

Additional physical formats: 9783031009273 | 9783031009297 | 9783031009303 | 9783031031861 | 9783031031854 | 9783031031847 | 9783031031830 | Erscheint auch als: 9783031009273 Druck-Ausgabe | Erscheint auch als: 9783031009297 Druck-Ausgabe | Erscheint auch als: 9783031009303 Druck-Ausgabe | Erscheint auch als: 9783031031861 Druck-Ausgabe | Erscheint auch als: 9783031031854 Druck-Ausgabe | Erscheint auch als: 9783031031847 Druck-Ausgabe | Erscheint auch als: 9783031031830 Druck-AusgabeDDC classification:

300.727 23

DOI: DOI: 10.1007/978-3-031-00928-0Online resources:

Summary: 1. Why Tontines? Why Now? -- 2. Financial & Actuarial Background -- 3. Building a Tontine Simulation in R -- 4. Statistical Risk Management -- 5. Death Benefits, Refunds & Covenants -- 6. Goodbye LogNormal Distribution -- 7. Squeezing the Most from Mortality -- 8. Managing a Competitive Tontine Business -- 9. Solutions & Advanced Hints -- 10. Concluding Remarks: Tontine Thinking.Summary: 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.PPN: PPN: 1806927322Package identifier: Produktsigel: ZDB-2-SEB | ZDB-2-SMA | ZDB-2-SOB | ZDB-2-SXMS

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