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Field name	Details
Dewey Class	330.015195
Title	Retirement Income Recipes in R ([EBook]) : From Ruin Probabilities to Intelligent Drawdowns / / by Moshe Arye Milevsky.
Author	Milevsky, Moshe Arye
Other name(s)	SpringerLink (Online service)
Edition statement	1st ed. 2020.
Publication	Cham : : Springer International Publishing : : Imprint: Springer, , 2020.
Physical Details	XXIX, 302 p. 16 illus., 5 illus. in color. : online resource.
Series	Use R 2197-5736
ISBN	9783030514341
Summary Note	This book provides computational tools that readers can use to flourish in the retirement income industry. Each chapter describes recipe-like algorithms and explains how to implement them via simple scripts in the freely available R coding language. Students can use those skills to generate quantitative answers to the most common questions in retirement income planning, as well as to develop a deeper understanding of the finance and economics underlying the field itself. The book will be an excellent asset for experienced students who are interested in advanced wealth management, and specifically within courses that focus on holistic modeling of the retirement income process. The material will also be useful to current and future wealth management professionals within the financial services industry. Readers should have a solid understanding of financial principles, as well as a rudimentary background in economics and accounting.:
Contents note	1 Setting Expectations and Deviations -- 2 Loading and Getting to Know R -- 3 Coding the (Simple) Financial Life-cycle Model -- 4 Data in R: The Family Balance Sheet -- 5 Portfolio Longevity: Deterministic & Stochastic -- 6 Modeling the Risk of Sequence-of-Returns -- 7 Modeling Human Longevity and Life Tables -- 8 Life & Death in Continuous Time: Gompertz 101 -- 9 The Lifetime Ruin Probability (LRP) -- 10 Life Annuities: From Immediate to Deferred -- 11 Intelligent Drawdown Rates -- 12 Pensionization: From Benefits to Utility -- 13 Biological (and other) Ages -- 14 Exotic Annuities for Longevity Risk -- 15 Very Last Thoughts -- Glossary of User Defined R-Functions. .
Mode of acces to digital resource	Digital book. Cham Springer Nature 2020. - 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/10.1007/978-3-030-51434-1
Links to Related Works	Subject References: Accounting . Accounting/Auditing . Bookkeeping . Pension plans . Personal finance . Personal Finance/Wealth Management/Pension Planning . Statistics . Statistics for Business, Management, Economics, Finance, Insurance . Authors: author . Milevsky, Moshe Arye . Corporate Authors: SpringerLink (Online service) . Series: Use R . Classification: 330.015195 .

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Retirement Income Recipes in R: From Ruin Probabilities to Intelligent Drawdowns /

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