Strategic Financial Planning over the Lifecycle A Conceptual Approach to Personal Risk Management

• Main Authors: Charupat, Narat (Author), Huang, Huaxiong (Author), Milevsky, Moshe Arye 1967- (Author)
• Format: Book
• Language: English
• Published: New York CAMBRIDGE UNIVERSITY PRESS 2012
• Subjects: Finance, Personal; Risk management > Management; Wealth > Management
• Online Access: Click Here to View Status and Holdings.
• Item Description: Includes bibliographical references (p. 353-356) and index.
• Physical Description: xiii. 367 pages illustrations 24 cm
• ISBN: 9780521764568; 9780521148030

This book on personal financial planning and wealth management employs the lifecycle model of financial economics. The central idea of "consumption smoothing" is used to connect chapters and topics such as saving and investment, debt management, risk management, and retirement planning. The first part of the book is nontechnical and aimed at a wide audience with no special technical background. The second part of the book provides a rigorous presentation of the lifecycle model from first principles using the calculus of variations.