How to Build a Modern Tontine Algorithms, Scripts and Tips
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...
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| Format: | eBook |
| Language: | English |
| Published: |
Cham
Springer International Publishing
2022, 2022
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| Edition: | 1st ed. 2022 |
| Series: | Future of Business and Finance
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| Subjects: | |
| Online Access: | |
| Collection: | Springer eBooks 2005- - Collection details see MPG.ReNa |
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