In a time before bonds, treasury notes, or central banks, there were tontines. These were schemes in which a group of investors lent money to a government, corp

The book reviews the finance, economics, and history of tontines, and argues that they should be resurrected in the twenty-first century.

From the last decades of the seventeenth century until the beginning of the twentieth, the tontine, in one form or another, was a ubiquitous financial instrumen

This book provides computational tools that readers can use to flourish in the retirement income industry. Each chapter describes recipe-like algorithms and exp