Bibliograph

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

Type

Label

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

Language

eng

resource.imageBitDepth

Literary Form

non fiction

Main title

How to Build a Modern Tontine

Medium

electronic resource

Nature of contents

dictionaries

Oclc number

1329974491

Responsibility statement

by Moshe Arye Milevsky

Series statement

Future of Business and Finance,, 2662-2475Open Access e-BooksSpringer eBooks.

Sub title

Algorithms, Scripts and Tips

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.--, Provided by publisher

Table Of Contents

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

Creator