Actuarial science principles can contribute to better retirement outcomes. Actuarial science allows personal retirement planning to be treated more like a defined-benefit pension plan. These plans can pool financial market risks between different cohorts and can pool longevity risk between different individuals within the same cohort.
Wade D. Pfau, Ph.D., CFA
Recent posts by Wade D. Pfau, Ph.D., CFA
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Optimizing Retirement Income by Combining Actuarial Science and Investments
By Wade D. Pfau, Ph.D., CFA on 12/11/19 1:00 PM