The Calculus of Retirement Income - Milevsky, Moshe A.
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As the baby boomers approach retirement, they and their financial advisors are struggling with the question of how to manage their financial investments and portfolios to assure themselves with high probability that they will not run out of money before they run out of life. This book develops the underlying mathematical framework to combine investment with the uncertainty of mortality. The results, formulas and examples should also help retirees better manage their financial affairs, in addition the instructors teaching their material to the next generation of financial advisors.

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Produktbeschreibung
As the baby boomers approach retirement, they and their financial advisors are struggling with the question of how to manage their financial investments and portfolios to assure themselves with high probability that they will not run out of money before they run out of life. This book develops the underlying mathematical framework to combine investment with the uncertainty of mortality. The results, formulas and examples should also help retirees better manage their financial affairs, in addition the instructors teaching their material to the next generation of financial advisors.
Autorenporträt
Moshe A. Milevsky is Associate Professor of Finance at the Schulich School of Buisness at York University and the Executive Director of the IFID Centre in Toronto, Canada. He was elected as a Fellow of the Fields Institute in 2002. Professor Milevsky is co-founding editor of the Journal of Pension Economics and Finance, published by Cambridge University Press, and has published more than thirty scholarly articles in addition to three books. His popular media writing received a National Magazine Award in Canada in 2004. He has lectured widely on the topic of retirement income planning, insurance and investments in North America, South America and Europe, and is a frequent guest on North American television and radio.