Advances in retirement investing

Resource Information

The work Advances in retirement investing represents a distinct intellectual or artistic creation found in European University Institute. This resource is a combination of several types including: Work, Language Material, Books.

Label

Advances in retirement investing

Statement of responsibility

Lionel Martellini, Vincent Milhau

Creator

• Martellini, Lionel

Contributor

• Milhau, Vincent

Author

• Milhau, Vincent

Subject

• Investments
• Retirement income -- Planning

Language

eng

Summary

To supplement replacement income provided by Social Security and employer­sponsored pension plans, individuals need to rely on their own saving and investment choices during accumulation. Once retired, they must also decide at which rate to spend their savings, with the usual dilemma between present and future consumption in mind. This Element explains how financial engineering and risk management techniques can help them in these complex decisions. First, it introduces 'retirement bonds', or retirement bond replicating portfolios, that provide stable and predictable replacement income during the decumulation period. Second, it describes investment strategies that combine the retirement bond with an efficient performance­seeking portfolio so as to reduce uncertainty over the future amount of income while offering upside potential. Finally, strategies using risk insurance techniques are proposed to secure minimum levels of replacement income while giving the possibility of reaching higher levels of income.--

Assigning source

Provided by publisher

Index

index present

Literary form

non fiction

Nature of contents

dictionaries

Series statement

• Cambridge elements. Elements in quantitative finance, 2631-8571
• Cambridge Social Sciences eBooks