The 7 Most Important Equations for Your Retirement by Milevsky, Moshe A. -- Read -- Imperial Library of Trantor

Index

Cover Other books by Moshe A. Milevsky Title Page Copyright Dedication Introduction: An Equation Can't Predict Your Future … But It Can Help You Plan for It

Reality Check

Chapter 1: How Long Will My Number Last?

Equation #1: Leonardo Fibonacci (1170–1250) The Spending Rate: A Burning Question Fibonacci's Fabulous Flash of Finance Manipulating the First Equation Is It Really His? Can We Really Know Interest Rates? Back to Fibonacci's Life Story Okay, Here Come the Rabbits He Retired Wealthy

Chapter 2: How Long Will I Spend in Retirement?

Equation #2: Benjamin Gompertz (1779–1865) Simplistic Retirement Planning Gompertz's Big Discovery So How Long Should I Plan for in Retirement? Back to Benjamin Gompertz

Chapter 3: Is a Pension Annuity Worth It?

Equation #3: Edmond Halley (1656–1742) Take the Pension or a Lump Sum? Halley's History, Part I Pension Value: Age and Interest Back to Halley's History, Part II The Great Comet

Chapter 4: What is a Proper Spending Rate?

Equation #4: Irving Fisher (1867–1947) Retirement Inflation: It's Getting Personal Sustainable Spending Rates: Maybe The Fourth Equation, Explained Fisher's Optimal Retirement Plan, Applied In Fisher's Words Confirming the Numbers Irving Fisher's Rise, Fall and Rise Again The 1929 Crash

Chapter 5: How Much in Risky Stocks versus Safe Cash?

Equation #5: Paul Samuelson (1915–2009) Time Is on Your Side? Human Capital: You Are Wealthier than You Think The Equation, Explained The Equation, Applied: Case Studies and Examples Retirees Should Protect Their Equities Paul Samuelson's Life and Impact

Chapter 6: What Is Your Financial Legacy Today?

Equation #6: Solomon S. Huebner (1882–1964) Human Life Value: Raison d'être of Life Insurance What's the Most Effective Way to Create a Legacy? Life Insurance: The Formula More Examples: Different Ages If You Try This at Home He Wasn't a Quant Secondary Markets and Life Settlements Term versus Whole Life But Sunny Sol Was a Fan of Annuities Too The Historical Huebner versus Fisher

Chapter 7: Is My Current Plan Sustainable?

Equation #7: Andrei N. Kolmogorov (1903–1987) Will Your Retirement Plan Work Out? A Purely Imaginary Case to Help From Monte Carlo to Netherlands, Sweden and then Russia The Equation Itself Is Only Partial Detailed Example Verification that Kolmogorov's Equation Is Satisfied Physics, Not Finance Back to Andrei Nikolaevich Kolmogorov

Conclusion: Controversies, Omissions and Concluding Thoughts

What Equations Are Missing?

Appendix: Crash Course on Natural and Unnatural Logarithms References and Sources Acknowledgments About the Author Short Poem by Maya Milevsky (age 11) Index