Lifetime Financial Advice: Human Capital, Asset Allocation, and Insurance
Ibbotson, Roger G.
ISBN 10: 0943205948 ISBN 13: 9780943205946
Published by Research Foundation of CFA Institute, 2008
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Gulf Coast Books, Cypress, TX, U.S.A.
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Seller Inventory # 0943205948-3-29810945
Synopsis:
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.
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Bibliographic Details
Title: Lifetime Financial Advice: Human Capital, ...
Publisher: Research Foundation of CFA Institute
Publication Date: 2008
Binding: paperback
Condition: Good