Description: The Society of Actuaries’ Pension Section has completed a research effort exploring the value of longevity pooling and its implications.

Description: The Society of Actuaries’ Pension Section has completed a research effort exploring the value of longevity pooling and its implications.

Description: This article argues that wealth managers should advocate dynamic spending in proportion to survival probabilities, adjusted up for exogenous pension income and down for longevity risk aversion. The authors criticize the rule of thumb of spending a fixed 'x' percent of assets for retirement planning purposes.

Description: This research report investigates the mechanics and practicalities of introducing retirement investment income tontines (RITs) in today’s market place.

Description: This article argues for the re-introduction of Tontine Annuities.

Description: At this session 114 PD of the Toronto Spring Meeting, participants learn how to create efficient simulation models in Excel for various problems arising in finance and insurance. From the Record of the Society of Actuaries, Volume 27, No. 2, Session

Description: The Society of Actuaries’ Pension Section has completed a research effort exploring the value of longevity pooling and its implications.

Description: This program allows the user to explore in great detail a technical problem that has occupied a number of investors, financial writers and especially retirees, during the last few years, as the baby boomers start to approach retirement. Namely, what is the probability that one will run out of money before running out of life, if his or her current standard of living is maintained? This is a zip file which includes the Retirement Probability Analyzer software, an instruction manual and a PowerPoint presentation explaining the program.

Description: In this paper we compute the conditional and unconditional probability of ruin for an individual who wishes to consume a fixed periodic amount from an initial endowment invested in a portfolio earning a stochastic rate of return. From Retirement Needs Framework, M-RS00-1.

Description: This paper reviews the need for longevity insurance during retirement, and then establishes a framework to study the total asset allocation decision in retirement, which includes both conventional asset classes and immediate payout annuity products.