Description: The abstract for the paper New Retirement Plan Designs for the 21st Century.

Description: When people retire, purchasing the annuity insurances using their retirement fund is one way against the longevity risk. However, it has some shortcoming- the annual payment may be insufficient for daily life consumption and can’t be adjusted for any urgent need [liquidity risk]. This is the abstract of a paper that investigates the adequate annuitization timing and optimal asset allocation under different investment strategies that can be found according to a time-series of safety level as a utility function for a retiree.

Description: Introduction of a symposium of papers that arose out of the discussions of the Committee on Retirement Systems Practice Education regarding the adequacy of defined benefit pension plan funding.

Description: Abstract for “Requirements to Make the Housing Asset a Viable Retirement Asset.” This paper examines the characteristics of an ideal product and the type of institution that would be well positioned to offer the ideal product which would allow a housing asset to be a viable retirement asset.

Description: The abstract for the paper Globalizing Work and Retirement in the 21st Century.

Description: This paper provides background on the characteristics of the upper-truncated Pareto distribution and suggests some diagnostics, based on order statistics, to assist in selecting the upper truncation point, which affects the tail of the distribution in a risk model.

Description: The abstract for the paper Risk: Applying a New Portfolio Risk/Return Measurement Methodology Based on Recent Advances in Quantifying Stable Paretian Fat Tailed Distributions and Investor Loss Aversion Preferences.

Description: This abstract describes a presentation that reviews the latest AHCA update and its impact on market stability from short-term and long-term points of view.

Description: This abstract describes a paper that focuses on the frequency of drawdowns.

Description: This is the abstract of the paper Risk Classification by Fuzzy Cluster. In this paper an algorithm for risk classification is proposed. This algorithm is based on the concepts of fuzzy cluster. We test our algorithm with two examples, the results are very promising.