ARLINGTON, Va.--(BUSINESS WIRE)--Every significant decision people make is based on how it affects their future. But when it comes to figuring that out, most end up improvising along the way. Financial professional Peter Neuwirth, a retirement actuary at global professional services company Towers Watson (NYSE, NASDAQ: TW), can’t help readers predict the future, but he can explain how to use “present value” as a way of simplifying and systematically evaluating all the outcomes that could arise from choosing one path over another.
“Actuaries have been using present value in their work for decades,” said Bill Gulliver, Towers Watson’s North America head of Retirement. “The genius of Peter’s book reveals that anyone outside the actuarial profession can learn and use these concepts to help them make better choices.”
Neuwirth offers an accessible, step-by-step guide to using the powerful concept of present value. The book is filled with relatable examples for making any type of decision, from the basic, such as whether to fix your old car or buy a new one, to the potentially life altering, such as choosing a medical treatment or a new career.
“What’s Your Future Worth? is a well-written meditation on time, chance and value, and a must-read for professionals and the general public alike. If only bankers had had this book in the early 2000s, we might have been spared the financial crisis,” said James Kenney FSA, EA and CEO of Kenney Consulting LLC.
What’s Your Future Worth? was published in February 2015. It is available for $18.95: PB Original, 162 pages, 6" x 9", ISBN 978-1-62656-301-8.
About the Author
Peter Neuwirth has over 30 years of actuarial experience. He is currently a senior consultant and subject matter expert with Towers Watson, a fellow of the Society of Actuaries, a member of the American Academy of Actuaries, and an enrolled actuary. In his personal life, Peter has used present value to decide if he should take a time-share company up on its offer of a cheap vacation rental in Kauai, what kind of running shoes to buy and whether or not to get married, among other quandaries.
About Towers Watson
Towers Watson (NYSE, NASDAQ: TW) is a leading global professional services company that helps organizations improve performance through effective people, risk and financial management. With 15,000 associates around the world, the company offers consulting, technology and solutions in the areas of benefits, talent management, rewards, and risk and capital management. Learn more at towerswatson.com.