Peter Tsui

Director, Global Research & Design
S&P Dow Jones Indices
Biography

Peter K. Tsui is Director, Global Research and Design, at S&P Dow Jones Indices. Peter is responsible for quantitative index research and design covering commodity and multi-asset indices.

Peter joined S&P Dow Jones Indices in 2001, where he was responsible for providing asset allocation advisory services in the portfolio services group. From 1982 to 2000, Peter worked at J.P. Morgan & Co. in a variety of positions, including as a proprietary position trader in the Global Markets, and as credit research officer in the Private Banking business.

Peter holds a bachelor’s degree from Dartmouth College, a master’s degree in applied mathematics from RPI, and a MBA in finance from New York University.

Author Archives: Peter Tsui

Why Does Sequence of Returns Risk Matter for Retirement?

Sequence of returns (SoR) risk refers to the situation when the market experiences random movements in such a way that returns are not uniformly distributed. For example, in the 32-year period from 1966 to 1997, the DJIA had an annualized return of 8%. However, the returns were not evenly distributed over time. For the first Read more […]

Optimal Timing and Strategy for Claiming One’s Social Security Retired-Worker Benefits

The decision to claim social security benefits is not as straightforward as it seems and involves a number of key considerations.  Given that it is a one-time decision and locks in one’s benefits permanently, aside from periodic cost of living adjustments, it is important for retirees to rethink whether there is an optimal timing and Read more […]

Potential Risks When Constructing a Sustainable Lifetime Income

In retirement, financial ruin is taken to mean when one’s savings have been depleted before one passes away.  If one’s savings are invested in a diversified portfolio, financial ruin is taken to mean the combined effects of withdrawals and adverse market conditions that can potentially deplete the portfolio before one’s passing. Financial ruin to one’s Read more […]

The Lifetime Income Disclosure Act of 2017

Earlier this month, both the Senate and the House introduced bipartisan legislation to amend the Employee Retirement Income Security Act that would mandate annual income disclosures on 401(k) and other defined contribution account documents.  The language in the legislation is identical to a bill introduced in 2009, early in the Obama administration.  This new effort Read more […]

The Little Cousin to TIPS

We explored the topic of building a 30-year TIPS portfolio in a previous blog.  If the numbers we threw around seemed too big (USD 5,000 or USD 10,000 per year over a long period of time) for a Millennial, don’t lose heart.  The U.S. Series I Savings Bonds (or I Bonds) provide an easy way Read more […]

How to Build a TIPS Ladder Portfolio for Millennials

In his January blog post entitled “Try a TIPS Mixer in Your Equities Cocktail,” Phillip Murphy described the potential benefits of including Treasury Inflation-Protected Securities (TIPS) in one’s portfolio.  In this blog aimed at Millennials, I would like to propose an easy way to build up a 30-year TIPS portfolio for retirement. Let us assume Read more […]

How Much Is Your Social Security Benefit Worth?

Social Security benefits are the gold standard of retirement income.  As Nobel Laureate Robert Merton commented in his article “The Crisis in Retirement Planning,” published in the Harvard Business Review (July/August 2014): “Ask someone what her pension is worth and she will reply with an income figure: ‘two-thirds of my final salary,’ for example.  Similarly, Read more […]