Sequencing riSk a key challenge to creating SuStainaBle
... research finds that the sequence in which returns are realised by investors plays a critical role in determining the sustainability of retirement incomes. Samuel Taylor Coleridge once described poetry as ‘the best words in their best order’. Many acclaimed poets throughout history have mastered the ...
... research finds that the sequence in which returns are realised by investors plays a critical role in determining the sustainability of retirement incomes. Samuel Taylor Coleridge once described poetry as ‘the best words in their best order’. Many acclaimed poets throughout history have mastered the ...
The Valuation and Risk Management of a DB Underpin
... To mitigate the effect of adverse investment experience on a defined contribution plan, some employers use hybrid pension plans to support employees after retirement. Hybrid pension plans have advantages of both the DB plan and the DC plan. For example, a common hybrid pension plan is the cash balan ...
... To mitigate the effect of adverse investment experience on a defined contribution plan, some employers use hybrid pension plans to support employees after retirement. Hybrid pension plans have advantages of both the DB plan and the DC plan. For example, a common hybrid pension plan is the cash balan ...
Retirement Date Fund
... money is an important factor to consider. Typically, younger workers can handle a more aggressive investment strategy. Since they have time before they’ll need their money, they can often ride out the market’s ups and downs. Older workers, however, are closer to retirement and often need a more cons ...
... money is an important factor to consider. Typically, younger workers can handle a more aggressive investment strategy. Since they have time before they’ll need their money, they can often ride out the market’s ups and downs. Older workers, however, are closer to retirement and often need a more cons ...
Pension Savings: The Real Return
... unfortunately very little to do with the performances of the actual savings products distributed to the EU citizens. And this is particularly true for long term and pension savings. The main reason is indeed that most EU citizens do not invest the majority of their savings into capital market produc ...
... unfortunately very little to do with the performances of the actual savings products distributed to the EU citizens. And this is particularly true for long term and pension savings. The main reason is indeed that most EU citizens do not invest the majority of their savings into capital market produc ...
An Ov erview w of TRS S and O
... “multiplier” set by state law (currently 2.3 percent). However, an ORP participant’s benefit amount is directly dependent on the actual amounts contributed, so it is more sensitive to a fluctuating contribution rate. Contributions and interest earnings under both plans are not subject to federal inc ...
... “multiplier” set by state law (currently 2.3 percent). However, an ORP participant’s benefit amount is directly dependent on the actual amounts contributed, so it is more sensitive to a fluctuating contribution rate. Contributions and interest earnings under both plans are not subject to federal inc ...
Working Paper No. 510 Institutional investor
... money initially increase broad money holdings and push up asset prices, as those who have sold assets to the central bank rebalance their portfolios into riskier assets. This then stimulates expenditure by increasing wealth and lowering borrowing costs for households and companies. Despite the empha ...
... money initially increase broad money holdings and push up asset prices, as those who have sold assets to the central bank rebalance their portfolios into riskier assets. This then stimulates expenditure by increasing wealth and lowering borrowing costs for households and companies. Despite the empha ...
Market Risk, Mortality Risk, and Sustainable Retirement
... Conventional wisdom in financial planning holds that an individual’s exposure to higher-risk assets, like stocks, should decline as his or her retirement date nears. As Jagannathan and Kocherlakota (1996) note, the rationale for this tenet usually rests on three assumptions: (i) stocks are less risk ...
... Conventional wisdom in financial planning holds that an individual’s exposure to higher-risk assets, like stocks, should decline as his or her retirement date nears. As Jagannathan and Kocherlakota (1996) note, the rationale for this tenet usually rests on three assumptions: (i) stocks are less risk ...
Annual Report
... uniform scheme. The sale of our UK activities means that MN is now focusing entirely on its Dutch customers. In 2015, the Executive Board was reduced from eight to four members. This heralded the start of our Next Blu programme, which is geared to changing the internal organisation, culture and cust ...
... uniform scheme. The sale of our UK activities means that MN is now focusing entirely on its Dutch customers. In 2015, the Executive Board was reduced from eight to four members. This heralded the start of our Next Blu programme, which is geared to changing the internal organisation, culture and cust ...
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
... and aftermarket customers. Carlisle® belts are engineered for maximum performance and durability, with products available in wrap molded, raw edge, v-ribbed and synchronous belt designs. Common applications include agriculture, construction, industrial machinery, outdoor power equipment and powerspo ...
... and aftermarket customers. Carlisle® belts are engineered for maximum performance and durability, with products available in wrap molded, raw edge, v-ribbed and synchronous belt designs. Common applications include agriculture, construction, industrial machinery, outdoor power equipment and powerspo ...
C Policy Brief Lessons from Medicare+Choice for Medicare Reform
... urrent discussions of the future of Medicare include proposals to increase the enrollment of beneficiaries in private health insurance plans.1 These proposals would provide incentives for beneficiaries to join private plans, rely on more loosely structured health plans such as preferred provider org ...
... urrent discussions of the future of Medicare include proposals to increase the enrollment of beneficiaries in private health insurance plans.1 These proposals would provide incentives for beneficiaries to join private plans, rely on more loosely structured health plans such as preferred provider org ...
Half Year Results ASX/Media Release
... In terms of financial returns, Aveo has targeted the return on its retirement assets (excluding any future retirement asset revaluations after 30 June 2013) to improve to 6.5% by FY16 and to 8.0% by FY18. The rationalisation of non-retirement assets is continuing at a strong pace. Aveo generated ca ...
... In terms of financial returns, Aveo has targeted the return on its retirement assets (excluding any future retirement asset revaluations after 30 June 2013) to improve to 6.5% by FY16 and to 8.0% by FY18. The rationalisation of non-retirement assets is continuing at a strong pace. Aveo generated ca ...
Stock market performance and pension fund investment policy
... The investment strategy of Dutch pension funds is of key importance to society, as it involves more than € 600 billion in assets, or over € 37,500 per inhabitant. The way in which these assets are invested has a significant influence on the level of required premiums or final benefits. A one percent ...
... The investment strategy of Dutch pension funds is of key importance to society, as it involves more than € 600 billion in assets, or over € 37,500 per inhabitant. The way in which these assets are invested has a significant influence on the level of required premiums or final benefits. A one percent ...
View Marcia Wagner`s PowerPoint presentation here
... ◦ Consider using financial plans to ensure recommendations are in “Best Interest” of client ◦ Quality financial plans by their nature can help demonstrate prudence of advice ...
... ◦ Consider using financial plans to ensure recommendations are in “Best Interest” of client ◦ Quality financial plans by their nature can help demonstrate prudence of advice ...
NATIONAL BANKSHARES INC
... directors at the Annual Meeting, the number of directors set forth in the by-laws is nine. The current term of office of the Class 1 directors expires at this 2015 Annual Meeting of Stockholders. The terms of Class 2 and Class 3 directors will expire in 2016 and 2017, respectively. The Board of Dire ...
... directors at the Annual Meeting, the number of directors set forth in the by-laws is nine. The current term of office of the Class 1 directors expires at this 2015 Annual Meeting of Stockholders. The terms of Class 2 and Class 3 directors will expire in 2016 and 2017, respectively. The Board of Dire ...
Planning for Retirement Terrance K Martin Jr.* and Michael Finke
... However, there is little evidence in the current literature that the use of financial advisors improves household financial outcomes. We review these articles and emphasize the importance of differentiating comprehensive advisors from professionals who are primarily brokers of financial products. We ...
... However, there is little evidence in the current literature that the use of financial advisors improves household financial outcomes. We review these articles and emphasize the importance of differentiating comprehensive advisors from professionals who are primarily brokers of financial products. We ...
Annual Report 2013
... business systems, and distillation assets. I am confident that this investment will ensure Edrington maintains its international momentum next year and beyond. The announcement that Sir Ian Good is to retire after forty four years of service closes a significant chapter in our history. Sir Ian will ...
... business systems, and distillation assets. I am confident that this investment will ensure Edrington maintains its international momentum next year and beyond. The announcement that Sir Ian Good is to retire after forty four years of service closes a significant chapter in our history. Sir Ian will ...
CONNECTICUT WATER SERVICE INC / CT (Form
... The condensed consolidated financial statements included herein have been prepared by Connecticut Water Service, Inc. and Subsidiaries (the “Company”), pursuant to the rules and regulations of the Securities and Exchange Commission and reflect all adjustments that are of a normal recurring nature wh ...
... The condensed consolidated financial statements included herein have been prepared by Connecticut Water Service, Inc. and Subsidiaries (the “Company”), pursuant to the rules and regulations of the Securities and Exchange Commission and reflect all adjustments that are of a normal recurring nature wh ...
Smart Saving for College—Better Buy Degrees: 529 Plans
... accrue). There are two broad categories of student loans—federal student loans, which are administered by the U.S. Department of Education, and private student loans, which are non-government loans issued by non-governmental lenders, including banks, credit unions and companies such as Sallie Mae. W ...
... accrue). There are two broad categories of student loans—federal student loans, which are administered by the U.S. Department of Education, and private student loans, which are non-government loans issued by non-governmental lenders, including banks, credit unions and companies such as Sallie Mae. W ...
Redesigning social security, for the 2020s
... his report is about reforming social security for children and working-age adults, in the 2020s. For six years of the Cameron government ‘austerity’ dominated all discussion of benefit policies. Now it is time to turn a page and start to consider the long-term future of social security, as part of a ...
... his report is about reforming social security for children and working-age adults, in the 2020s. For six years of the Cameron government ‘austerity’ dominated all discussion of benefit policies. Now it is time to turn a page and start to consider the long-term future of social security, as part of a ...
NBER WORKING PAPER SERIES DOES STOCK MARKET PERFORMANCE INFLUENCE RETIREMENT INTENTIONS?
... significant for all measures. We find evidence of a stronger negative relationship between stock market performance and retirement intentions when we restrict attention to those interviewed when the S&P 500 index experienced negative growth in the year prior to the interview, and when we examine tho ...
... significant for all measures. We find evidence of a stronger negative relationship between stock market performance and retirement intentions when we restrict attention to those interviewed when the S&P 500 index experienced negative growth in the year prior to the interview, and when we examine tho ...
2014-15 Audit Report - Pharr-San Juan
... Independent School District ("the District") as of and for the year ended August 31, 2015, and the related notes to the financial statements, which collectively comprise the District's basic financial statements as listed in the table of contents. Management's Responsibility for the Financial Statem ...
... Independent School District ("the District") as of and for the year ended August 31, 2015, and the related notes to the financial statements, which collectively comprise the District's basic financial statements as listed in the table of contents. Management's Responsibility for the Financial Statem ...
Subject CT1: Financial Mathematics
... Continuing care retirement communities - attractive to members, but what about sponsors? Humble, R. A.; Ryan, D. G. BAJ (1998) 4(3): 547-614. The effect of demographic factors and indexation on the long term financing of the state earnings-related pension scheme. Daykin, C. D.; Young, A. G. Journal ...
... Continuing care retirement communities - attractive to members, but what about sponsors? Humble, R. A.; Ryan, D. G. BAJ (1998) 4(3): 547-614. The effect of demographic factors and indexation on the long term financing of the state earnings-related pension scheme. Daykin, C. D.; Young, A. G. Journal ...
Impact Assessment (IA)
... The proposed policy is to change SMI from a benefit into a loan and to maintain the increase in the SMI limit on mortgage capital at £200,000 for working age claimants, a level to which it was increased as a temporary measure in January 2009. This is intended to make the system fairer to the taxpaye ...
... The proposed policy is to change SMI from a benefit into a loan and to maintain the increase in the SMI limit on mortgage capital at £200,000 for working age claimants, a level to which it was increased as a temporary measure in January 2009. This is intended to make the system fairer to the taxpaye ...
Entitlement Reform - Victoria University of Wellington
... This is significant as the best welfare states have strong private pillars (discussed in greater detail in chapter 3) as well as a public one. Mixed model systems provide a number of benefits. By reducing pressure on the public system they can mean programmes are more affordable for governments in t ...
... This is significant as the best welfare states have strong private pillars (discussed in greater detail in chapter 3) as well as a public one. Mixed model systems provide a number of benefits. By reducing pressure on the public system they can mean programmes are more affordable for governments in t ...
Working Paper 135/13 THE PSYCHOLOGY AND ECONOMICS OF
... reverse mortgage. After having had an explanation of the loan, over a quarter is potentially interested in taking, once retired, a reverse mortgage loan. About 36 percent is neutral, which may imply that the potential interest is even higher. The interest in taking a reverse mortgage loan increases ...
... reverse mortgage. After having had an explanation of the loan, over a quarter is potentially interested in taking, once retired, a reverse mortgage loan. About 36 percent is neutral, which may imply that the potential interest is even higher. The interest in taking a reverse mortgage loan increases ...