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

By Moshe Arye Milevsky

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.

• Format: Paperback
• Language: English
• ISBN: 3030514331
• ISBN13: 9783030514334
• Release Date: September 2020
• Publisher: Springer
• Length: 302 Pages
• Weight: 1.03 lbs.
• Dimensions: 0.7" x 6.1" x 9.2"