Retirement Income Redesigned (eBook, PDF)

Master Plans for Distribution -- An Adviser's Guide for Funding Boomers' Best Years
Redaktion: Evensky, Harold; Katz, Deena B.

• Format: PDF

Produktbeschreibung

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 flow In Retirement Income Redesigned, the most-respected names in the industry discuss these issues and a range of others.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 400
• Erscheinungstermin: 1. Juni 2010
• Englisch
• ISBN-13: 9780470883020
• Artikelnr.: 38202472

Autorenporträt

Harold Evensky is chairman of Evensky & Katz, a financial-advisory firm in Coral Gables, Florida. Deena B. Katz is president. Their combined experience totals more than forty-eight years. Their innovation and skill have earned them the loyalty of clients; their daring and dedication have won them the respect of their peers. Evensky and Katz are the editors of The Investment Think Tank: Theory, Strategy, and Practice for Advisers Evensky is the author of Wealth Management: The Financial Advisor's Guide to Investing and Managing Client Assets; Katz is the author of Deena Katz on Practice Management and Deena Katz's Tools and Templates for Your Practice. Both are featured speakers at national and international legal, accounting, investment, and financial-planning conferences, and both are published widely and quoted extensively in financial journals and in newspapers.

Inhaltsangabe

Acknowledgments ix
About the Contributors xi
Foreword by Walter Updegrave xxiii
PART ONE: FACING THE NEW REALITIES 1
1 Boomers: A Force for Change 5
Deena B. Katz
2 Maslow Meets Retirement 17
Mitch Anthony and Lewis J . Walker
3 Decision Making at Retirement: High Stakes for the Long Haul 33
Donald G. MacGregor
4 Reinventing Retirement 49
Mitch Anthony
PART TWO: ASSESSING THE RISKS 65
5 Psychological Impediments to Retirement-Income Planning 69
Mathew Greenwald
6 Lifelong Retirement Income: How to Quantify and Eliminate Luck 77
Jim C. Otar
7 Balancing Mortality and Modeling Risk 97
Cynthia Saltzman
8 Monte Carlo Mania 117
Robert D. Curtis
9 Understanding Required Minimum Distributions 141
April K. Caudill
PART THREE: SHAPING THE SOLUTIONS 157
10 Risk Management During Retirement 163
Moshe A. Milevsky With Anna Abaimova
11 Withdrawal Strategies: A Cash Flow Solution 185
Harold Evensky
12 Asset Allocation: The Long View 203
Laurence Booth
13 Sustainable Withdrawals 217
William P. Bengen
14 Tools and Pools: Strategies for Increasing Retirement Cash Flow 237
Robert P. Kreitler
15 Creating Portfolios With Lower Volatility 255
Louis P. Stanasolovich
16 Reverse Mortgages in Distribution Planning 281
Roxanne Alexander and Michael J. Anderson
17 Life Insurance Benefits-No Waiting 305
Douglas Head
18 Longevity Risk Insurance 311
Roger G. Ibbotson, Michael C. Henkel, and Peng Chen
19 Immediate Annuities: Structure, Mechanics, and Value 323
R. H. "Rick" Carey and Jeffrey K. Dellinger
20 The Search for Software 343
Joel P. Bruckenstein
Continuing Education Exam 353
Index 361

Rezensionen

"Expert advice for retirement planning is essential but too oftenflaky. Nothing in this book is flaky. The expert authors aresophisticated and knowledgeable. Their presentations arerock-solid, comprehensive, and clear. They cover every importantaspect of the retirement problem. Any adviser or client who readsthis book will be deeply grateful to Harold Evensky and Deena Katzfor putting it together."
--Peter L. Bernstein; Author, Against the Gods: TheRemarkable Story of Risk

"Once again, Harold and Deena have succeeded in putting togetheran A-team of financial experts. The end goal for this team isto help other financial professionals do the best possible job thatthey can as they guide their clients in their retirement years.This book is a must-have for anyone advising clients throughretirement."
--J. Thomas Bradley, Jr., President, TD AMERITRADEInstitutional

"Advisers have an unprecedented opportunity to work with ageneration that has shaped history and will reshape the future ofretirement planning. Retirement Income Redesigned providesadvisers with a valuable tool for understanding and addressing theunique needs of retiring baby boomers."
--John Iachello
Managing Director, Pershing Advisor Solutions, A service ofPershing LLC, a member of BNY Securities Group and a subsidiary ofThe Bank of New York Company, Inc.

"With 80 million baby boomers entering retirement over thecoming decades, Retirement Income Redesigned is a must-readfor financial advisers who are determined to grow their businessand add value for clients. The book provides a valuable mix ofconceptual planning principles, product guidance, and tangibleplanning 'how tos' to help advisers meet the needs of theirin-and-near-retirement clients. It's a wonderful tool for gaininginsights and ideas to maximize your firm's potential in attractingthis valuable segment."
--Deborah McWhinney, President, SchwabInstitutional