Description: Invest Fallacies: Active management overall performs different than passive management

Description: Investment Fallacies: The Fallacy of Independence

Description: Investment Fallacies: A real-world approach to Value at Risk

Description: The Society of Actuaries Research Institute’s Aging and Retirement Strategic Research Program is pleased to release a collection of essays addressing the impact of inflation on retirement and retirement-related issues.

Description: Entry in the Speculative Fiction Contest 2019

Description: Entry in the Speculative Fiction Contest 2019

Description: This article provides an overview of approaches to phased retirement and offers information for employers to think about in designing and managing strategies.

Description: The primary motivation of this year’s call for essays was to identify potential solutions and new innovations being developed to assist workers and retirees better prepare for retirement. The current call drew 13 authors who submitted 18 excellent essays. The full essay collection is found in this publication and sets forth ideas that can be further developed or that will spur thinking for new products, planning tools and employee benefit plan strategies.

Description: Three papers use sophisticated actuarial methods to develop a straightforward retirement income strategy that can be implemented in virtually any IRA or 401(k).

Description: With the possible exception of full faith and credit debts of the United States, every loan carries some risk with it regardless of the borrower, and this risk varies depending on the creditworthiness of the person or institution that is supposed to repay the debt. Bearing that risk requires some sort of capital, both as a legal requirement and as evidence of good sense in lending, but recently we seem to have forgotten the basic relationship between a loan and the capital associated with it. The lesson of the current debacle is, or certainly ought to be, that the risk inherent in a financial transaction cannot be made to go away by the mere act of repackaging that transaction and renaming it.