Katherine Roy, Anne Lester
Misconceptions about life expectancy can be hazardous to individuals' retirement planning—even for those with the discipline and foresight to save and invest for the long term. Retirees need sustainable, yet flexible income streams that will last as long as they do.
Creating a retirement income stream can be challenging, especially when traditional income investments aren't yielding enough to cover longer retirements, rising expenses or outpace inflation. You will discover:
• How to help clients keep pace with rising inflation and longer life expectancies
• Why retirees may not be able to rely on certain income sources, including pensions and job earnings
• How an informed assessment of life expectancy can help in maximizing Social Security benefits
• Why clients need to be flexible in their approach to investing and withdrawing assets throughout retirement
• How a broader, more global approach to income investing may produce higher yields for current needs as well as long-term total return potential for future goals