This book on personal financial planning and wealth management employs the lifecycle model of financial economics. The central idea of 'consumption smoothing' is used to connect chapters and topics such as saving and investment, debt management, risk management and retirement planning. The first part of the book is nontechnical and aimed at a wide audience with no special technical background. The second part of the book provides a rigorous presentation of the lifecycle model from first principles using the calculus of variations. The accompanying website is found at http://www.yorku.ca/milevsky/?page_id=185.
- ISBN13 9780521148030
- Publish Date 28 May 2012
- Publish Status Active
- Out of Print 20 July 2022
- Publish Country GB
- Imprint Cambridge University Press
- Format Paperback (US Trade)
- Pages 382
- Language English