Lifetime Financial Advice: Human Capital, Asset Allocation, and Insurance .


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.

Authors: fetime Financial Advice: Human Capital, Asset Allocation, and Insurance By Roger G. Ibbotson Moshe

Date: 2019

Upload Date: 9/28/2019 5:32:03 PM

Format: PDF

Pages: 1

OCR:

Quality:

Language: English

ISBN / ASIN: 0943205948

ISBN13:

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