Moshe A. Milevsky

About the Author

Moshe A. Milevsky

Moshe Milevsky, Ph.D., is the executive director of the Individual Finance and Insurance Decision (IFID) Centre and an associate professor of finance at York University in Toronto. The popular speaker and author most recently published Are You a Stock or a Bond? Create Your Own Pension Plan for a Secure Financial Future.

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  Milevsky’s VA Shocker: Turn on Your Living Benefit, Now

  By Moshe A. Milevsky  |  February 22, 2013

  Advisors ask me whether clients should “hurry up”—in light of the declining richness of GLB riders—and add money to VAs they already own, before it is too late. My answer will not be what you expected.

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  Annuities 2020: Will the Future of VAs Look Like Their Past?

  By Moshe A. Milevsky  |  December 20, 2012

  Perhaps the next step in the evolution of retirement annuities is to go back to the past. Maybe the annuity of the year 2020 pays out no cash at all, but instead offers an actual retirement service. Allow me to explain.

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  Milevsky: What Is Your Financial Legacy – Today?

  By Moshe A. Milevsky  |  May 24, 2012

  In the beginning, life insurance was perceived as just another gamble, or a game of chance, involving three parties.

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  Milevsky: How Much in Risky Stocks vs. Safe Cash?

  By Moshe A. Milevsky  |  April 25, 2012

  From a purely mathematical point of view, the “stocks are safer over long periods of time” argument ­— before Paul Samuelson took an axe to it — went as follows.

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  Milevsky: What Is a Proper Spending Rate in Retirement?

  By Moshe A. Milevsky  |  March 26, 2012

  Professor Irving Fisher, whose reputation as a great economic scholar was shattered by the Great Depression, developed a unique equation to predict one's spending rate in retirement.

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  Is a Pension Annuity Worth It?

  By Moshe A. Milevsky  |  February 24, 2012

  Towards the end of the 17th century, politicians and bureaucrats in the City of London were facing a problem not unlike the one faced by many aging cities in the early 21st century.

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  Gompertz’ Law of Mortality: How Long Must Your Money Last?

  By Moshe A. Milevsky  |  February 1, 2012

  Benjamin Gompertz has joined a very small distinctive group of scholars with an actual equation named after him. The equation has been used by researchers in demographic studies, the world over, for almost two centuries now.

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  The Debt Retirees Owe to Fibonacci

  By Moshe A. Milevsky  |  December 26, 2011

  You might have heard of Leonardo Pisano filius (“family,” in Latin) Bonacci, a.k.a. Fibonacci (1170-1250), probably the most famous mathematician of the Middle Ages.

• My Lunch with Professor Menahem Yaari

  By Moshe A. Milevsky  |  October 26, 2011

  Menahem Yaari is an emeritus professor of economics at Hebrew University of Jerusalem and past president of the Israeli Academy of Sciences. He retired from active teaching over a decade ago, but continues to lecture widely and address scholarly conferences around the world. Amongst his many accomplishments and honors, he...

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  What Does Retirement Really Cost?

  By Moshe A. Milevsky  |  September 1, 2011

  Most answers to questions about the cost of retirement are dangerously misleading and mask a critical market signal.