Moshe Milevsky

Biography

Moshe A. Milevsky, Ph.D. is a tenured Professor at York University in Toronto (Canada) and the Executive Director of The IFID Centre. He is also a Fellow of the Fields Institute for Research in Mathematical Sciences and has lectured at Universities in the U.S., Europe, South America and Asia. He has consulted for global pension funds and insurance companies and is currently a member of a number of corporate advisory councils. Dr. Milevsky is one of the most sought-after speakers in North America on issues related to investment management, retirement planning and longevity annuities.

Dr. Milevsky has published eight books and over 50 peer-reviewed papers, and 200 popular magazine and newspaper articles on the topics of insurance, investments, pensions, retirement and annuities.

He received two National Magazine (Canada) awards in 2003 and received a Graham and Dodd scroll award for a 2006 article in the Financial Analysts Journal.

His book entitled: "Are You a Stock or a Bond?: Create Your Own Pension Plan for a Secure Financial Future" was published by the Financial Times/Pearson Education press in 2008. His book "Your Money Milestones: A Guide Making the 9 Most Important Financial Decisions in Your Life" was published by Financial Times (FT) Press in Winter 2010.

Moshe currently lives in Toronto, and is married with 4 daughters. He grew up grew-up in Baltimore, New York and Mexico City.

Publications

Your Money Milestones:
Analyzing the Nine Most Important Financial Decisions in Your Life

Moshe A. Milevsky Introduces the Principle of Arithmetic Financial Planning

These are difficult economic times, many people have lost their financial savings, their jobs or businesses. Money is more important than ever before, and yet ...

Financial planning for individuals often comes across as an unrelated collection of confusing decisions, each with their own risks, costs and potential rewards. For example: Should I buy a house now? Should I buy this particular insurance policy? Should I invest my 401(k) in a stock fund? What career and job will give me the greatest financial security? Can I afford to have a large family? Can I afford to retire, ever? Etc. The dilemmas are never-ending, regret is frequent and we continue to be bombarded with contradictory suggestions. In other words, most individuals play the game of life without a strategic financial plan.

It is no surprise then that so many people regret the decisions they have made in the last few years.

In contrast to this chaotic and volatile view of personal financial planning, Professor Milevsky argues that there are basically 9 unique financial decisions that everyone faces in their life, AND they should all be managed and connected to each other using the four basic principles of arithmetic. If you can add, subtract, multiply and divide -- and recognize these 9 money milestones in your life -- you can be assured financial success over the entire lifecycle.

In Your Money Milestones: A Guide To Making The 9 Most Important Financial Decisions of Your Life, Milevsky helps you identify the true value all of your resources; budget for hidden liabilities in your future; plan to spend your total resources smoothly over time; and prepare for unexpected events that could upend even the most careful planning.

You'll discover why children are short-term investment liabilities but may be long-term pension assets, why winning the lottery may increase your chances of going bankrupt, and why giving up control of your retirement nest egg might actually make you happier.

Titles

Are You a Stock or a Bond?
Create Your Own Pension Plan for a Secure Financial Future:
With volatile financial markets, individual investors are faced with even greater responsibility for their own retirement as corporations transfer the pension burden off their balance sheet. The presentation will address the implications of this retirement risk shift and why it is more important than ever for human capital and financial capital - are you a stock or a bond? -- to be analyzed jointly. I will also discuss FinSurance product design; spending retirement in Monte Carlo; sequence-of-returns in the risk zone; personal inflation rates for retirees; modern product allocation vs. traditional asset allocation as well as the role of pension annuities in the optimal lifecycle portfolio.

-Lifecycle Wealth and Risk Management: Strategic Financial Planning From Grave to Cradle

-Pensionize Your Nest Egg: How to Use Product Allocation to Create a Guaranteed Income for Life

-Your Money Milestones: A Guide to Making the Nine Most Important Financial Decisions of Your Life

-The Calculus of Retirement Income: Financial Models for Pension Annuities and Life Insurance

-Lifetime Financial Advice: Human Capital, Asset Allocation and Insurance

-Wealth Logic: Wisdom for Improving Your Personal Finances

-Insurance Logic: Risk Management Strategies for Canadian

-Money Logic: Financial Strategies for the Smart Investor