TITLE

3 Ideas for Preserving the Financial Security of New Retirees

AUTHOR(S)
Greenwald, Mathew
PUB. DATE
December 2011
SOURCE
Journal of Financial Planning;Dec2011, Vol. 24 Issue 12, p38
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses three ways on how to preserve the financial security of fresh retirees. It suggests using life annuities to protect them from longevity risk. It states that measuring the tolerance of clients to long-term care and longevity risks is beneficial and it is important for financial advisers to tackle these risks with their clients. It mentions that in terms of risks related to finance, retirees are not only exposed to investment risks, but also to other risks such as withdrawal risk, sequence of return risk, and longevity risks. Thus, it recommends that advisers should create a road map for their clients at the beginning of their retirement.
ACCESSION #
69681919

 

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