A straightforward guide focused on life cycle investing-namelyaging, retirement, and pensions
Life cycle investing and the implications of aging, retirement, and pensions continues to grow in importance. With people livinglonger, the relative and absolute number of retirees is growingwhile the number of workers contributing to pension funds isdeclining.
This reliable resource develops a detailed economic analysis-atthe micro (individual) and macro (economy wide) levels-whichaddresses issues regarding the economics of an aging population.Topics touched upon include retirement and the associated healthcare funding of the aged as well as social security and the assetclasses that are considered asset-liability choices over time.
- The probability of achieving adequate return patterns fromvarious investment strategies and asset classes is reviewed
- Shares rich insights on the aging, retirement, and pensionsdilemma
- An assessment of the resources the real economy will be able tocommit to non-workers is provided
The three pillars of retirement are social security, companypensions, and private savings. Each of these pillars is confrontedwith a variety of asset-liability problems, and this book willaddresses them.