The topics are covered over 6 lectures.
TOPIC 1: INTRODUCTION TO LIFE CYCLE INVESTING
1.1. Introduction to Life Cycle analysis
1.2. Life Cycle of liabilities
1.3. Industry background
1.4. What is the safe withdrawal rate?
TOPIC 2 : THE PROBLEM TO SOLVE
2.1. State as an asset-liability problem
2.2. Life Cycle cash flows
2.3. Developing a Life Cycle cash flow model
2.4. How do you solve this problem
2.5. Analyse investment volatility
TOPIC 3: TECHNIQUES TO SOLVE THE INVESTMENT STRATEGY PROBLEM
3.1. Solving the LCI problem
3.2. Case studies: Some known solutions
3.3. Apply Monte Carlo technique
3.4. Using the Monte Carlo technique
TOPIC 4: APPLY TO VARIOUS CASES
4.2. Estimated retirement outcomes for a young person
4.3. Is there time for an empty nester to improve their retirement outcome?
4.4. Now that I’m at my retirement date, what can I spend?
4.5. Case study: Safe withdrawal rates
TOPIC 5: ROUND OUT THE SOLUTION
5.1. Longevity risk
5.2. Impact of social security
5.3. Inflation risk
5.4. Sequencing risk
5.5. Concepts to add additional features
TOPIC 6: MANAGING THE END GAME: TECHNIQUES TO MANAGE THE UNCERTAINTIES IN RETIREMENT
6.2. Monitor, assess and adjust
6.3. Strategies to manage some risks
6.4. In class exercise - monitoring