In his new book, "King William's Tontine: Why the Retirement Annuity of the Future Should Resemble Its Past," Moshe Milevsky argues convincingly that retirees have a product problem. Today's financial marketplace of investment and insurance products doesn't offer the perfect solution.
To find that solution, he goes on an archeological dig in Renaissance Europe and unearths the tontine.
Cast away years ago, the tontine may hold secrets to solving the income puzzle faced by retirees looking for a private sector solution to replace employer pensions.
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Michael Finke
Michael Finke is a professor and Frank M. Engle Chair of Economic Security at the American College of Financial Services and leads the Wealth Management Certified Professional designation program. [email protected]
