retirement security, enhancing welfare by up to 20% of retiree plan accruals. …

Retirement outcomes would be improved if retirees had access to insurance products that linked guaranteed, inflation …-adjusted income to life cycle investment portfolio strategies. Suitable retirement planning for individual, defined contribution plans … must concurrently account for trade-offs during the pre-retirement wealth accumulation phase of life as well as income …

, particularly for advanced retirement ages. Using real-world mortality data and stochastic multi-population mortality model, we find …This paper proposes an innovative retirement product with a focus on longevity risk sharing, a contract we refer to as … tail index-linked annuity (TILA). Specifically, the proposed TILA pays out variable annual payments, which will be equal to …