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Title Pensionize your nest egg : how to use product allocation to create a guaranteed income for life / Moshe A. Milevsky, Alexandra C. Macqueen.
Imprint Hoboken, New Jersey : John Wiley & Sons, [2015]


 Internet  Electronic Book    AVAILABLE
Edition Second edition.
Description 1 online resource (1 volume) : illustrations
Bibliog. Includes bibliographical references and index.
Note Available only to authorized UTEP users.
Online resource; title from title page (Safari, viewed May 13, 2015).
Subject Retirement income -- Planning.
Asset allocation.
Finance, Personal.
Contents Titlepage; Copyright; Preface; Preface to the Second Edition; Preface to the First Edition; How to Use This Book; Introduction; Note; Part One: Why You Need to Build Your Own Pension Plan; Chapter 1: The Real Pension Crisis; Up a Creek without a Pension Paddle; Mixing Defined Benefit Apples and Defined Contribution Oranges; It Takes Two to Tango: A Basic Lesson about the Nature of True Pensions; Guarantee versus Ruin; When Is a Pension Not a Pension?; There Ain't No Such Thing ... as a Free Pension; The First True Pensions; Notes; Chapter 2: Planning for Longevity; The Grim Reaper's Coin Toss.
Introducing Longevity RiskPredicting Future Longevity; How Should You Insure against Longevity Risk?; Will You Get Heads ... or Tails?; Note; Chapter 3: How the Sequence of Returns Can Ruin Your Retirement; How Long Will the Money Last?; Clockwise Investment Returns; Counterclockwise Returns; Triangles, Bulls, and Bears: The Retirement Income Circus; Can Buckets Bail Out a Poor Sequence of Returns?; Chapter 4: Inflation; What Does This Mean for Retirees?; The CPI-ME and the CPI-YOU; Does the CPI Measure Your Spending?; A Reality Check for Your Retirement Spending.
What Have We Learned So Far?Notes; Part Two: Developing a Sustainable Retirement Solution; Chapter 5: Beyond Asset Allocation; Product Allocation: New Baskets for Your Nest Egg; Three Product Silos; The Spectrum of Retirement Income Silos; How Do the Silos Stack Up?; Chapter 6: An Introduction to Life Annuities; Pension Contributions as Insurance Premiums; Buying a Personal Pension; When Should You Buy an Annuity?; Annuities versus Term Deposits; Is the Annuity Gamble Worth It?; Great-Grandma's Gamble; The Power of Mortality Credits; What about 50-Year-Olds-Should They Buy Personal Pensions?
What about Interest Rates?How Can I Use Annuities to Protect against In ation?; Unique and Personal Insurance; Note; Chapter 7: A Review of Traditional Investment Accounts; Asset Allocation in Your SWP; What Should You Put in the SWP?; Chapter 8: Introducing the Third Silo-Annuities with Guaranteed Living Benefits; Guarantees and Growth: How Variable Annuities with Guaranteed Living Income Benefits Work; Evaluating an Annuity with Guaranteed Living Benefits: How Should You Choose?; Chapter 9: Your Retirement Sustainability; Which Glasses Will You Wear?
How Many Eggs Can You Withdraw from Your Nest?What Should You Protect Against: Floods or Meteorites?; Do You Feel Lucky? Pensions, Survival Probabilities, and Spending in Retirement; Pensions Change the Game; How Does Pensionization Impact Your Retirement Sustainability Quotient?; Pension Annuities: Step-by-Step Math; The True Gift of Pensionization; Notes; Chapter 10: The Most Difficult Question You Will Ever Have to Answer (About Your Retirement); Retirement Sustainability or Financial Legacy?; Pricing Your Inheritance; Finding Your Spot on the Frontier.
Other Author Macqueen, Alexandra Carol, 1967- author.
Other Title How to use product allocation to create a guaranteed income for life