Retirement Income Redesigned: Master Plans for Distribution: An Adviser's Guide for Funding Boomers' Best Years

by Editor: Harold Evensky; Editor: Deena B. Katz; Foreword by: Walter Updegrave

• ISBN13: 9780470885055
• ISBN10: 047088505X
• Format: eBook
• Copyright: 2010-05-01
• Publisher: Bloomberg Press

Summary

Clients nearing retirement have some significant challenges to face. And so do their advisers. They can expect to live far longer after they retire. And the problems they expect their advisers to solve are far more complex. The traditional sources of retirement income may be shriveling, but boomers don't intend to downsize their plans. Instead, they're redefining what it means to be retired-as well as what they require of financial advisers. Planners who aren't prepared will be left behind. Those who are will step up to some lucrative and challenging work. To help get the work done, Harold Evensky and Deena Katz-both veteran problem solvers-have tapped the talents of a range of experts whose breakthrough thinking offers solutions to even the thorniest issues in retirement-income planning: Sustainable withdrawals Longevity risk Eliminating luck as a factor in planning Immediate annuities, reverse mortgages, and viatical and life settlements Strategies for increasing retirement cash flowIn Retirement Income Redesigned, the most-respected names in the industry discuss these issues and a range of others.

Table of Contents

Foreword

Facing the New Realities

Boomers: A Force for Change

Maslow Meets Retirement

Decision Making at Retirement: High Stakes for the Long Haul

Reinventing Retirement

Assessing the Risks

Psychological Impediments to Retirement-Income Planning

Lifelong Retirement Income: How to Quantify and Eliminate Luck

Balancing Mortality and Modeling Risk

Monte Carlo Mania

Understanding Required Minimum Distributions

Shaping the Solutions

Risk Management During Retirement

Withdrawal Strategies: A Cash Flow Solution

Asset Allocation: The Long View

Sustainable Withdrawals

Tools and Pools: Strategies for Increasing Retirement Cash Flow

Creating Portfolios With Lower Volatility

Reverse Mortgages in Distribution Planning

Life Insurance Benefits-No Waiting

Longevity Risk Insurance

Immediate Annuities: Structure, Mechanics, and Value

The Search for Software

Index

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