SeLFIES: A-New(-ity) Look for Retirement
9 Pages Posted: 1 Apr 2020
Date Written: March 4, 2020
Individual investors, policy-makers, and members of the financial services industry are struggling to figure out how best to help individuals prepare for a financially secure retirement; namely, allowing individuals to continue their pre-retirement standard-of-living post retirement. We propose that an incorrect specification of the problem to be solved is leading, not surprisingly, to sub-optimal proposed solutions.1 When the retirement planning challenge is posed correctly, finance science suggests an elegantly simple solution - the creation of a simple new financial instrument that is a win-win-win for individuals, governments and the financial services industry.
Keywords: SeLFIES; Retirement Security, Retirement Income, Retirement Wealth; Financial Innovation
JEL Classification: G50, G51, G52, G53
Suggested Citation: Suggested Citation