Insight on topics that impact wealth and retirement
FRM thought leadership
There are significant implications of the impending discontinuation of LIBOR and transition to SOFR for U.S. annuity liability valuations.
The benefits of mitigating portfolio volatility and drawdown are magnified during portfolio decumulation in retirement.
This paper introduces Milliman’s Retirement Income Security Evaluation (RISE) Score, which measures how well a retirement portfolio will be able to cover basic living expenses, health care and other costs after leaving…
This paper details the low rates of financial literacy in the U.S., explores the factors behind it, and offers some timely ideas and resources for raising our level of financial literacy as a society.
This paper discusses risk-free curve selection and setting of the discounting spread (over the risk-free rate) for variable annuity fair valuation.
While it is too soon to quantify all the effects from the COVID-19 pandemic, this paper could help women become more aware of resources and solutions to help them and their loved ones be more financially secure.
During the months following the February 2020 market drawdown, bonds, commodities, and stocks have all had a remarkable run, leading many investors and advisors to contemplate both the prospect of asset bubbles and the…
The market contraction at the onset of the coronavirus pandemic in Q1 2020 was the biggest test of risk-managed investment products since the 2008 financial crisis. This paper puts the downturn into historical context and…
On average, October is the most volatile calendar month of the year for the stock market. This year's contentious election may help to reinforce that trend.
Four charts that provide historical context around the condition of the U.S. labor market.
This paper examines the hedge effectiveness of a wide range of Variable Annuity carriers.
This white paper examines the process of constructing discount curves in accordance with Long Duration Targeted Improvements, including the criteria that should be used, and assesses the quality of the different algorithms…
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