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.

• Lesson 11: Feast or Famine First?

  By Moshe A. Milevsky  |  December 1, 2007

  The ancient biblical story of Joseph and King Pharaoh tells of a famous dream of the king in which the land of Egypt was prophesized...

• Lesson 10: Questions to Ask Annuity Wholesalers

  By Moshe A. Milevsky  |  November 1, 2007

  Guaranteed living benefits (GLiBs) within variable annuities have evolved from being an ancillary benefit offered on a rather boring investment product, and have now grown...

• Lesson 9: Moral Hazard

  By Moshe A. Milevsky  |  October 1, 2007

  One of the theoretical foundations of modern insurance pricing is a principle called "moral hazard." It lies at the heart of many actuarial models, is...

• Lesson 8: Defined Benefit Pensions: Winners & Losers

  By Moshe A. Milevsky  |  September 1, 2007

  Most professionals in the financial services industry are now aware of the continuing decline of traditional private-sector defined benefit (DB) pensions. Each new company press...

• Lesson 7: Annuitization

  By Moshe A. Milevsky  |  August 1, 2007

  The "A" word strikes fear into the hearts and wallets of advisors throughout the financial services industry. Irreversibly handing over a lump sum of money...

• Lesson 6: Longevity Risk

  By Moshe A. Milevsky  |  July 1, 2007

  One often reads that at the end of the 20th century, life expectancy in the U.S. hit a record high of approximately 73.6 years for...

• Lesson 5: Spending Buckets and Financial Placebos

  By Moshe A. Milevsky  |  June 1, 2007

  In an earlier lesson I argued that a bear market early in retirement -- i.e., when you start withdrawing money from a portfolio -- can...

• Lesson 4: Inflation Rates and Retirement

  By Moshe A. Milevsky  |  May 1, 2007

  Growing up in Latin America during the 1980s, I quickly learned how to adapt to the impact of inflation in daily life. With annual inflation...

• Lesson 3: Sustainability and Ruin

  By Moshe A. Milevsky  |  April 1, 2007

  As you are reading this in early April 2007, I am facing the daunting prospect of celebrating my 40th birthday. Besides the trauma of this...

• Lesson 2, The Uncertainty of Death and Taxes

  By Moshe A. Milevsky  |  March 1, 2007

  By now everyone has heard the widely abused clich?, first coined by Benjamin Franklin in 1789: "In this world nothing can be said to be...