This week has seen plenty of new articles all having to do with the best ways to generate the income you need in retirement. Here are just a few that caught my eye.
3 Ways to Boost the Odds Your Savings Will Last a Lifetime
In reading Walter Updegrave’s suggestions about improving your odds for sustaining lifetime income, I got the feeling that some readers and advisors would consider them as very conservative.
The reality, however, is that the better, more efficient job you do in securing income, the smarter (and even more aggressive) the investor can be in generating wealth and a legacy for the next generation.
IRA Balances: How Your Retirement Fund Compares To Everyone Else’s
It’s great to see how important IRAs are in the scheme of retirement savings. Despite that, there are some basic fundamental flaws, only partially being addressed by the QLAC ruling.
An IRA, just like a deferred or variable annuity, personally held and invested as retirement savings, should be encouraged to be used for its intended purpose – to provide lifetime income.
7 risks for retirement income planning
While I like lists to figure out my daily, or possibly weekly, activities, I’m not sure they work for planning the rest of one’s life.
I believe there are a few obvious retirement income solutions that are out there. The problem is, they often aren’t developed because one or more of the major constituents (distributor, manufacturer or administrator) can’t or won’t provide support.
The most obvious retirement income solution is the true integration of investments and income/longevity annuities.