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Showing results 1 to 18 of 18
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Search: Posts Made By: cmmh1990
Forum: Life Finance and Valuation Exam 03-23-2020, 12:45 PM
Replies: 23
Views: 2,670
Posted By cmmh1990
I'll send them an email. As I understand it, they...

I'll send them an email. As I understand it, they typically apply the ASA requirements to people who are already ASAs and working towards Fellowship. So, it was kind of a break for those of us who...
Forum: Exam 5 - Ratemaking/Reserving 07-02-2019, 10:20 AM
Replies: 39
Views: 9,195
Posted By cmmh1990
Yes, wish I would have read this before deciding...

Yes, wish I would have read this before deciding to use erasable pens for the exam.

Left notes in the car; they were in Pilot Frixion; the ink disappeared. (Random haiku. Felt cute.)

I'm sure...
Forum: Life Risk Management Exam 06-19-2019, 05:20 PM
Replies: 46
Views: 6,292
Posted By cmmh1990
I can't remember exactly what I did for this one,...

I can't remember exactly what I did for this one, but I don't think you had to back into the RC since they (1) give you the stand-alone RC and (2) tell you that they recognize a 10% diversification...
Forum: ERM module 05-18-2019, 04:08 PM
Replies: 25
Views: 3,563
Posted By cmmh1990
Count me in. Please DM me the info.

Count me in. Please DM me the info.
Forum: Financial Economics 04-28-2018, 04:10 PM
Replies: 538
Views: 601,054
Posted By cmmh1990
Thanks for pointing this out! Just to add to...

Thanks for pointing this out! Just to add to this, make sure you're not applying a maintenance expense where it doesn't belong. I was applying the maint expense to the last month, but the last...
Forum: Regulation and Taxation 03-27-2018, 06:18 PM
Replies: 259
Views: 142,343
Posted By cmmh1990
I am starting on this module now, too. Can...

I am starting on this module now, too. Can someone please add me to the group?
Forum: Modules 6-8 12-06-2015, 03:00 PM
Replies: 41
Views: 65,521
Posted By cmmh1990
Cool.

Cool.
Forum: Pension - Social Security 10-30-2015, 11:55 AM
Replies: 5
Views: 3,351
Posted By cmmh1990
Ok thank you, that helps me understand. And as...

Ok thank you, that helps me understand. And as you (Zeus) stated earlier, the SEC guidelines clearly say that AA bonds should be used as the basis for determining the discount rate; so I probably...
Forum: Pension - Social Security 10-29-2015, 05:41 PM
Replies: 5
Views: 3,351
Posted By cmmh1990
Thank you for the input. I think I'm starting to...

Thank you for the input. I think I'm starting to understand the argument for using a discount rate based on the sponsor's credit rating. When you break it down into who is borrowing money (sponsor)...
Forum: Pension - Social Security 10-28-2015, 02:43 PM
Replies: 5
Views: 3,351
Posted By cmmh1990
Discount Rate in ASC-715

For determining the discount rate under ASC-715, a common approach is to match liability cash flows with high-quality corporate bonds, then determine the effective discount rate based on the yield of...
Forum: Modules 1-5 08-28-2015, 05:28 PM
Replies: 35
Views: 79,472
Posted By cmmh1990
Page 1 of the assignment is saying that covered...

Page 1 of the assignment is saying that covered earnings is based off of the year prior to retirement. So the 2006 covered earnings is based off of the 2005 average earnings ($50,000). Page 4 is...
Forum: Short-Term Actuarial Math 11-25-2014, 01:18 PM
Replies: 1
Views: 2,242
Posted By cmmh1990
Six and a half years later, yes I agree. They...

Six and a half years later, yes I agree. They are re-applying #179 logic where Z = X(1)+X(2). So instead of the sample mean of a sample size of 2, you just find the maximum likelihood of a total...
Forum: Pension - Social Security 08-22-2014, 11:03 AM
Replies: 2
Views: 2,574
Posted By cmmh1990
Actually, we used an older language called...

Actually, we used an older language called Clipper or xBase, now under the brand name xHarbour. It works within each client's database. So each client essentially has their own program with Plan...
Forum: Long-Term Actuarial Math 07-11-2014, 06:05 PM
Replies: 1,426
Views: 221,273
Posted By cmmh1990
I used Broverman, which had no UL material, and...

I used Broverman, which had no UL material, and was not very good as a primary text (although, it might be great if you have a text book already). I eventually started reading the articles...
Forum: Software & Technology 06-03-2014, 02:33 PM
Replies: 2
Views: 667
Posted By cmmh1990
Yes I have. ProVal is very pricey. I haven't...

Yes I have. ProVal is very pricey. I haven't been able to find an exact license price, so let me know if you have any info (I've heard about $15,000 per year). But it looks like XBase++ costs...
Forum: Software & Technology 06-03-2014, 10:33 AM
Replies: 2
Views: 667
Posted By cmmh1990
Compiling Clipper

Hi all,

Welp, the apocalypse may be upon us, hell might freeze over, pigs could be flying, etc. My firm, a local retirement consulting shop, has decided to look into compiling our Clipper based...
Forum: Pension - Social Security 05-02-2014, 06:09 PM
Replies: 10
Views: 2,894
Posted By cmmh1990
Question Municipal Bonds a good investment?

I'm new to the field, so forgive me if my question is, you know, stupid. While working on a client's assets for tax filing, I noticed that they had a bunch of municipal bonds in their portfolio. ...
Forum: Pension - Social Security 04-17-2014, 08:39 AM
Replies: 2
Views: 2,574
Posted By cmmh1990
Question Valuation Programs Pricing

I've seen a few posts about the pros and cons of some popular valuation programs. ProVal seems to the industry standard, but I'm wondering how much they charge, and how do other programs compare? ...
Showing results 1 to 18 of 18

 

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