This release provides functions for calculating probability of retirement ruin and functions for calibrating the underlying Gompertz model with the use of the mortality rates.
calc_retirement_ruin() and plot_retirement_ruin() to calculate and visualize the probability of retirement ruin.retirement-ruin option to run_app() function for
running package new interactive app.calc_gompertz_survival_probability() to calculate the probability of survival using the Gompertz model.calc_gompertz_parameters() to calculate the parameters of the Gompertz model based on mortality rates and calc_gompertz_joint_parameters() to calculate the parameters of the joint Gompertz model.plot_gompertz_calibration() for visually checking the calibration of the Gompertz model and plot_joint_survival() for plotting the survival probabilities for two individuals and their joint survival probability.read_hmd_life_tables() for reading the 'Human Mortality Database' (HMD) life tables files.Initial release of the package includes functions designed to support the optimal allocation of your investment portfolio with the use of the 'Merton Share' formula.
calc_purchasing_power() and plot_purchasing_power() to calculate and visualize the effect of real interest rates—whether positive (compounding) or negative (inflation)—on the purchasing power of savings.calc_optimal_risky_asset_allocation() for calculating optimal allocation using the 'Merton Share' formula.calc_risk_adjusted_return() and plot_risk_adjusted_returns() to calculate and visualize the effect of allocation to risky assets on the risk-adjusted return.run_app() function that runs package interactive apps:
risk-adjusted-returns and purchasing-power.