We’ve all seen the studies – one seems to land on my desk once or twice a week. “Americans are living longer.” “Fewer have defined benefit pensions.” “The value of Social Security is shrinking.” “Boomers don’t have enough money to retire comfortably.” “A retirement crisis is looming.” Just a couple recent data points: –Working American [...] [...more]
You’ve done a good job building your 401(k), and retirement is not far off. The question now: how to make sure that nest egg generates sufficient income to sustain you through a retirement that might last two or three decades. For years, retirement income has been something of a holy grail for retirement experts who [...] [...more]
How to generate reliable income in retirement? It’s becoming the new holy grail for the financial services industry in the wake of the 2008 crash. But if your workplace retirement plan is handled through a mutual fund, brokerage firm or bank, the retirement income solutions offered most often are simply strategies for decumulation of your [...] [...more]
I’m not a big fan of variable annuities – they tend to be expensive and to under-perform. But the plain vanilla single premium income annuity (SPIA) can be a useful way to insure against longevity risk—the risk of outliving your money. A retiree makes a single payment to an insurance company, which in turn promises [...] [...more]
Guaranteed retirement income has become a hot topic in the wake of the 2008 market crash, with financial planners and government policymakers alike looking for ways to reduce retiree exposure to equities and boost sources of guaranteed income. Much of the buzz has focused on the humble single premium income annuity (SPIA), which offers regular [...] [...more]
