Milevsky The 7 Most Important Equations for Your Retirement

The Fascinating People and Ideas Behind Planning Your Retirement Income
1. Auflage 2012
ISBN: 978-1-118-29451-2
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 192 Seiten, E-Book

The 800 years of scientific breakthroughs that will help salvageyour retirement plans
Physics, Chemistry, Astronomy, Biology; every field has itsintellectual giants who made breakthrough discoveries that changedthe course of history. What about the topic of retirement planning?Is it a science? Or is retirement income planning just a collectionof rules-of-thumb, financial products and sales pitches? In The7 Most Important Equations for Your Retirement...And the StoriesBehind Them Moshe Milevsky argues that twenty first centuryretirement income planning is indeed a science and has itsfoundations in the work of great sages who made conceptual andcontroversial breakthroughs over the last eight centuries.
In the book Milevsky highlights the work of sevenscholars--summarized by seven equations--who shaped allmodern retirement calculations. He tells the stories of LeonardoFibonnaci the Italian businessman; Benjamin Gompertz the gentlemanactuary; Edmund Halley the astronomer; Irving Fisher the stockjock; Paul Samuelson the economic guru; Solomon Heubner theinsurance and marketing visionary, and Andrey Kolmogorov theRussian mathematical genius--all giants in their respectivefields who collectively laid the foundations for modern retirementincome planning.
* With baby boomers starting to hit retirement age, planning forretirement income has become a hot topic across the country
* Author Moshe Milevsky is an internationally-respected financialexpert with the knowledge you need to assess whether you are readyto retire or not
* Presents an entertaining, informative narrative approach tofinancial planning
Understanding the ideas behind these seven foundationequations--which Moshe Milevsky explains in a manner thateveryone can appreciate--will help baby boomers better preparefor retirement. This is a book unlike anything you have ever readon retirement planning. Think Suze Orman meets Stephen Hawking. Ifyou ever wondered what the point of all that high schoolmathematics was, Moshe Milevsky's answer is: So that you canfigure out how to retire...while you can still enjoy yourmoney.

Autoren/Hrsg.

Milevsky, Moshe A.

Inhaltsverzeichnis

Introduction: An Equation Can't Predict Your Future . . .But ItCan Help You Plan for It 1
Chapter 1: How Long Will My Number Last?
Equation #1: Leonardo Fibonacci (1170-1250) 7
Chapter 2: How Long Will I Spend in Retirement?
Equation #2: Benjamin Gompertz (1779-1865) 31
Chapter 3: Is a Pension Annuity Worth It?
Equation #3: Edmond Halley (1656-1742) 53
Chapter 4: What Is a Proper Spending Rate?
Equation #4: Irving Fisher (1867-1947) 77
Chapter 5: How Much in Risky Stocks versus Safe Cash?
Equation #5: Paul Samuelson (1915-2009) 101
Chapter 6: What Is Your Financial Legacy Today?
Equation #6: Solomon S. Huebner (1882-1964) 125
Chapter 7: Is My Current Plan Sustainable?
Equation #7: Andrei N. Kolmogorov (1903-1987) 151
Conclusion: Controversies, Omissions and Concluding Thoughts175
Appendix: Crash Course on Natural and Unnatural Logarithms179
References and Sources 185
Acknowledgments 195
About the Author 197
Short Poem by Maya Milevsky (age 11) 199
Index 201

Über Autor(innen)

Moshe A. Milevsky, Ph.D., is a professor at York University(Toronto). He has graduate degrees in finance and mathematics, andis a fellow of the Fields Institute for Research in MathematicalSciences, where he is the executive director of the IFID Centre. Hehas written nine books, published over 60 peer-reviewed researchstudies and over 200 magazine articles--including a featuredstory in the Wall Street Journal and a profile in MoneyMagazine--on the topic of retirement income planning. Hehas delivered over 1,000 seminars, keynote presentations andtraining sessions to audiences all over the world. His popularwriting earned him two National Magazine Awards (Canada). In 2009he was given a lifetime achievement award from the U.S.-basedRetirement Income Industry Association (RIIA). Moshe grew up inLatin America and the U.S., but currently lives in Toronto with hiswife and four daughters.