| Dewey Class |
300.727 |
| Title |
How to Build a Modern Tontine ( EBook) : Algorithms, Scripts and Tips / / by Moshe Arye Milevsky. |
| Author |
Milevsky, Moshe Arye |
| Other name(s) |
SpringerLink (Online service) |
| Edition statement |
1st ed. 2022. |
| Publication |
Cham : : Springer International Publishing : : Imprint: Springer, , 2022. |
| Physical Details |
XXI, 156 p. 35 illus., 30 illus. in color. : online resource. |
| Series |
Future of Business and Finance 2662-2475 |
| ISBN |
9783031009280 |
| Summary Note |
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.: |
| Contents note |
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. |
| Mode of acces to digital resource |
Digital reproduction.- |
| Cham : |
| Springer International Publishing, |
| 2022. - |
| Mode of access: World Wide Web. System requirements: Internet Explorer 6.0 (or higher) or Firefox 2.0 (or higher). Available as searchable text in PDF format. |
| System details note |
Online access to this digital book is restricted to subscription institutions through IP address (only for SISSA internal users). |
| Internet Site |
https://doi.org/10.1007/978-3-031-00928-0 |
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