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Business & Economics Retirement Planning

Pensionize Your Nest Egg

How to Use Product Allocation to Create a Guaranteed Income for Life

by (author) Moshe A. Milevsky & Alexandra C. Macqueen

Publisher
Wiley
Initial publish date
Apr 2015
Category
Retirement Planning
  • Hardback

    ISBN
    9781119025252
    Publish Date
    Apr 2015
    List Price
    $31.95
  • eBook

    ISBN
    9781119025276
    Publish Date
    Mar 2015
    List Price
    $31.95

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Description

Guarantee your retirement income with a DIY pension

Pensionize Your Nest Egg describes how adding the new approach of "product allocation" to the tried-and-true asset allocation approach can help protect you from the risk of outliving your savings, while maximizing your income in retirement.

This book demonstrates that it isn't the investor with the most money who necessarily has the best retirement income plan. Instead, it's the investor who owns the right type of investment and insurance products, and uses product allocation to allocate the right amounts, at the right time, to each product category.

This revised second edition is expanded to include investors throughout the English-speaking world and updated to reflect current economic realities.

Readers will learn how to distinguish between the various types of retirement income products available today, including life annuities and variable annuities with living income benefits, and how to evaluate the features that are most important to meet their personal retirement goals.

  • Evaluate the impacts of longevity, inflation, and sequence of returns risk on your retirement income portfolio
  • Make sense of the bewildering array of today's retirement income products
  • Measure and maximize your Retirement Sustainability Quotient
  • Learn how your product allocation choices can help maximize current income or financial legacy — and how to select the approach that's right for you
  • Walk through detailed case studies to explore how to pensionize your nest egg using the new product allocation approach

Whether you do it yourself or work with a financial advisor, Pensionize Your Nest Egg gives you a step-by-step plan to create a guaranteed retirement income for life.

About the authors

Contributor Notes

MOSHE A. MILEVSKY is Associate Professor of Finance at the Schulich School of Business and a member of the Graduate Faculty in the Department of Mathematics and Statistics at York University in Toronto.

ALEXANDRA C. MACQUEEN is a Certified Financial Planner professional in Toronto.

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