Preface: How Much Risk Are You Really Handling?         xiii

Introduction: Pensions are Dying; Long Live Pensions      xvii

Chapter 1: You, Inc.   1

Chapter 2: Insurance Is a Hedge for Human Capital          21

Chapter 3: Diversification over Space and Time     37

Chapter 4: Debt Can Be Good at All Ages  59

Chapter 5: Personal Inflation and the Retirement Cost of Living  75

Chapter 6: Sequence of Investment Returns           87

Chapter 7: Longevity Is a Blessing and a Risk       107

Chapter 8: Spending Your Retirement in Monte Carlo       117

Chapter 9: Annuities Are Personal Pensions           141

Chapter 10: Product Allocation Is the New Asset Allocation          163

Chapter 11: Conclusion: Plan for Managing Your Retirement Risks      185

Appendix: Additional References and Notes           195

Index   201