TY - JOUR T1 - Practical Applications of “Flexicure” Retirement Solutions: A Part of the Answer to the Pension Crisis? JF - Practical Applications SP - 1 LP - 5 DO - 10.3905/pa.7.3.359 VL - 7 IS - 3 AU - Lionel Martellini AU - Vincent Milhau AU - John Mulvey Y1 - 2020/01/31 UR - https://pm-research.com/content/7/3/1.10.abstract N2 - 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 ER -