A 3-Factor Formula for Projecting Retirement Income

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Advisors are used to promoting investment strategies that build wealth for the future. However, with 80 million retirees on the horizon, distribution is poised to become a much more in-demand service. Here's what you need to know to add a specialized income-planning component to your business.

Retirement Withdrawal: Picking the Right Rate

Many clients fear outliving their money. Here's a formula that is getting serious attention from planners by helping to safeguard nest eggs over a 30- to 50-year period.

Ballpark Clients' Retirement Income With Replacement Ratios

Will replacing 80% of pre-retirement income be enough, or should clients aim to save substantially more? Recent research on retirement income replacement ratios can help you estimate what clients will actually need to enjoy their golden years.

Understanding Immediate Annuities

Immediate annuities can be a viable option for retirees who don't want to manage their money but want a guaranteed income for the rest of their lives. In some cases, an immediate annuity may even provide more income than an investment account.