This paper is concerned with the use of currently available technology to provide individuals, financial advisors and pension fund financial planners with detailed prospective financial plans tailored to an individual's financial goals and obligations. By taking account of all prospective cash...

This paper describes the development and initial testing of the Black-corrected version of a workhorse 3-factor Gaussian yield curve (term structure) model, the economic factor model (Dempsteret al., 2010) which we have used for many years with Monte Carlo scenario simulation for structured...