{"product_id":"optimizing-the-aging-retirement-and-pensions-dilemma-9780470377345","title":"Optimizing the Aging, Retirement, and Pensions Dilemma","description":"\u003cp\u003e • Author(s): Marida Bertocchi\u003cbr\u003e • Publisher: Wiley\u003cbr\u003e • Publisher Imprint: Wiley\u003cbr\u003e • BISAC: Personal Finance - Retirement Planning\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eFrom the Inside Flap\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003ePlanning for retirement is one of those issues that can be summarized in the observation that there is both good news and bad news: the good news is that we are living longer, the bad news is that we have to pay for it. As we recover from the worst economic crisis since the 1930s--with large losses in pensions, incomes, and savings--we find that old adages like \"stocks for the long run\" and the safety of index and exchange traded funds have not worked to protect asset values.\u003c\/p\u003e \u003cp\u003eEnsuring sufficient resources for retirement encompasses a complex set of decisions involving tax issues, assumptions on future salaries and potential loss with change of jobs, asset allocation for defined contribution pension plans, longevity, interest rates, inflation, and, on retirement, whether to buy an annuity--all in the face of changing demographics and social factors. Each of these issues requires careful individual decision making in the face of increasing risk.\u003c\/p\u003e \u003cp\u003eWritten in a straightforward and accessible style, this book offers valuable advice on today's toughest retirement issues, and shows how government and corporate entities can help while assessing the risks to their own balance sheets. It also addresses some of the macroeconomic issues, asking whether an economy can effectively save without investing in productive assets.\u003c\/p\u003e \u003cp\u003eThe authors begin by exploring the key issues in retirement, including changing demographics and the shift from defined benefit to defined contribution plans. They discuss various asset classes and how they might be used for saving for retirement. The authors analyze the 2007-2009 economic crisis and its impact on retirement assets and future retirement practice. In Part II, they offer more in-depth analyses of key issues, such as asset allocation in government-owned pensions, individual asset-liability management and the role of annuities, insurance, and managed withdrawal plans, and more. Finally, in Part III, they bring the various issues together to present an all-encompassing modeling framework. While complex to implement, such models provide a good way to plan and take various future scenarios into account in these uncertain, ever-changing times.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Hardcover","offer_id":45116034449559,"sku":"9780470377345","price":5543.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9780470377345.webp?v=1767271298","url":"https:\/\/atlanticbooks.com\/products\/optimizing-the-aging-retirement-and-pensions-dilemma-9780470377345","provider":"Atlantic Books","version":"1.0","type":"link"}