Firstly, the mortality table “2010CM” is obtained from the official website of the IRS. It shows survival cohorts starting from age 0 to the age of 110 with corresponding death probability of and depicted as numbers from 100.000 to 0 respectively. According to the data, the probability of surviving beyond the age of 110 therefore is zero and we observe a rapidly increasing rate of mortality in the higher age groups, depicting mortality trends of real life data. Moreover, these mortality tables have to be updated regularly to reflect changes of mortality in a society over time, caused by various environmental and societal changes.
Inhaltsverzeichnis (Table of Contents)
- 1. Data
- 2. Model and Methods
- 3. Results
- 4. Conclusion
- 5. References
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This research aims to model an individualized pension plan. The study analyzes the potential of different investment strategies to achieve financial security in retirement. It explores the impact of various factors, including mortality rates, interest rates, and investment returns, on the adequacy of pension plans.
- Individualized pension planning
- Investment strategies for retirement
- Impact of mortality rates and interest rates
- Financial security in retirement
- Adequacy of pension plans
Zusammenfassung der Kapitel (Chapter Summaries)
- 1. Data: This chapter introduces the data used in the research, including the mortality table "2010CM" obtained from the IRS. It discusses the derivation of survival and death probabilities and presents the modified mortality table with cohort survival numbers, survival probabilities, and death probabilities. The chapter also states the interest rate used in the analysis.
- 2. Model and Methods: This chapter outlines the model and methods employed in the research. It describes the approach used to calculate annuity payouts and other relevant financial metrics. The chapter also presents the formula used to calculate survival probabilities and how they are applied to the mortality table.
- 3. Results: This chapter presents the findings of the research. It analyzes the results of the model and discusses the impact of different investment strategies and factors on the adequacy of pension plans. The chapter may include tables and figures showcasing key findings.
Schlüsselwörter (Keywords)
The main keywords and focus topics of this research include individualized pension planning, investment strategies, mortality rates, interest rates, retirement security, financial adequacy, and the "2010CM" mortality table.
- Quote paper
- Philipp Zeyer (Author), 2022, Modeling of an individualized pension plan. Advanced Investment and Pension Finance, Munich, GRIN Verlag, https://www.grin.com/document/1358739
