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MBAs may recognize him as the creator of the Sharpe ratio, but Professor Sharpe has now turned his attention to helping middle-class workers with their retirement income.

Nobel Prize-Winning Economist on How to Solve the ‘Nastiest, Hardest Problem’ in Retirement

So, there are lots and lots of possible future scenarios. You can cut down the investment uncertainty by just basically having Social Security…and an inflation-indexed-based annuity. But, even then, you’ve got to make choices about whether it will be a joint annuity, for how much, and when you’ll buy it. It’s a tough, tough, tough problem.

Is this something people can do on their own?

I don’t think so. Maybe if you were a physicist, but most people have a really hard time internalizing uncertainty.


Sharpe has a free e-book you can download with all the details.

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