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科图分类法:
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F241.34/3 版次： |
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中图分类法:
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F241.34 版次： |
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著者:
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Martellini, Lionel. |
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题名:
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Advances in retirement investing / / , |
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出版发行:
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出版地： Cambridge, United Kingdom ; 出版社： Cambridge University Press, 出版日期： 2020. |
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载体形态:
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149 p. : ill. (col.) ; 23 cm. |
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附注:
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Formerly CIP. |
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内容提要:
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To supplement replacement income provided by Social Security and employer-sponsored 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 performance-seeking 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. |
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主题词:
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Retirement Planning. |
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主题词:
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Retirement income. |
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主题词:
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Investments. |
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主要责任者:
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Milhau, Vincent. Milhau, Vincent. |
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索书号:
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F241.34/3 |