The Future of Life-Cycle Saving and Investing by Zvi Bodie, Dennis McLeavey, and Laurence B. Siegel

The Future of Life-Cycle Saving and Investing by Zvi Bodie, Dennis McLeavey, and Laurence B. Siegel
Item# 11010111329
Retail price: US$25.00
Sale price: US$1.99

all items in this store are to be sent to your email within 24 hours after cleared payment. PDF eBooks are sent to you as email attachments. as for mp3 audiobook, a download link from ONEDRIVE will be sent to your email for you to download.

1. This item is an E-Book in PDF format.

2. Shipping & Delivery: Send to you by E-mail within 24 Hours after cleared payment. Immediately Arrival!!!

3. Shipping ( by email) + Handling Fee = US$0.00

4. Time-Limited Offer, Order Fast.

*************************************************************************





The Future of Life-Cycle Saving and Investing

by Zvi Bodie, Dennis McLeavey, and Laurence B. Siegel



Publisher: Research Foundation of CFA Institute (October 26, 2007)



Product Description

In determining asset allocation, individuals must consider more than the risk return trade-off of financial assets. They must take into account human capital and mortality risk in the earlier life-cycle stages and longevity risk in the later life-cycle stages. The authors show how to integrate these factors into individual investors asset allocations through a systematic joint analysis of the life insurance a family needs to protect human capital and how to allocate the family's financial capital. The proposed life-cycle model then addresses the transition from the accumulation to the saving phases in particular, the role, if any, of immediate payout annuities.



About the Author

Zvi Bodi is Norman and Adele Barron Professor of Management at Boston University's School of Management. Professor Bodie has served on the finance faculty of Harvard Business School and the Massachusetts Institute of Technology (MIT) Sloan School of Management. He has published widely on pension finance and investment strategy in leading professional journals. His books include Foundations of Pension Finance, Pensions in the U.S. Economy, Issues in Pension Economics, and Financial Aspects of the U.S. Pension System. He is the author of Investments, a leading textbook used in certification programs of CFA Institute, the Financial Planning Assocation, and the Society of Actuaries, and is co-author with Nobel Prize winning economist Robert C. Merton of the textbook Fiance. His latest book is Worry Free Investing: A Safe Approach to Achieving Your Lifetime Financial Goals. Professor Bodie holds a PhD from MIT.