PT  - JOURNAL ARTICLE
AU  - Lionel Martellini
AU  - Vincent Milhau
AU  - John Mulvey
TI  - Practical Applications of “Flexicure” Retirement Solutions: A Part of the Answer to the Pension Crisis?
AID  - 10.3905/pa.7.3.359
DP  - 2020 Jan 31
TA  - Practical Applications
PG  - 1--5
VI  - 7
IP  - 3
4099  - https://pm-research.com/content/7/3/1.10.short
4100  - https://pm-research.com/content/7/3/1.10.full
AB  - In “Flexicure” Retirement Solutions: A Part of the Answer to the Pension Crisis?, from the July 2019 issue of The Journal of Portfolio Management, authors Lionel Martellini (of EDHEC-Risk Institute), Vincent Milhau (of EDHEC-Risk Institute), and John Mulvey (of Princeton University) introduce a range of goal-based retirement investing strategies that allow for both security and flexibility. They describe such strategies as “flexicure,” a portmanteau of “flexible” and “secure.” The authors also describe how combining bonds, annuities, and equities can lead to improvements in the use of existing multi-asset products for retirement investing. They explain how to apply principles of goal-based investing in the retirement context and highlight the benefits of their strategies.TOPICS: Retirement, portfolio construction, quantitative methods