As the baby boomers reach retirement, advisers must solve new problems for clients. Retirement income is different as clients shift their focus from maximizing wealth to creating sustainable income. When this happens, clients face a greater range of risks and must solve a complex lifetime financial problem. Key retirement risks include longevity risk, market and the newly emergent sequence of returns risk, and personal-spending shock risks. Each risk requires different tools. This presentation explains how different retirement-income tools can be combined to build more efficient retirement strategies that best integrate aspects from different schools of thought.
October 03, 2018
Financial Planning Association
CFP CE: 1.00
This course is no longer available for purchase.