• Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint

Power Checklist

  • Time is the commodity that will drive many of our decisions in pre- and postretirement planning, and we have less and less time available to us as we grow older.

  • The ultimate goal of income planning is to provide a stream of income at retirement that continues for the balance of our life.

  • Financial failure is rarely the result of market conditions and almost always stems from a lack of adequate preparation.

  • The practical reality is that our elected officials will not let the Social Security system collapse entirely, but neither are they likely to solve the problem altogether.

  • It is likely that the Social Security system will see some form of privatization between now and 2010, just before 8 million Baby Boomers begin to retire.

  • You must be familiar with the rules governing required minimum distributions and their impact on your retirement income plan.

  • Your retirement income plan should include consideration of insured income through an immediate annuity.

  • In your retirement planning, you must be aware of the wide assortment of risks that you will face and have a strategy for handling them.


PREVIEW

                                                                          

Not a subscriber?

Start A Free Trial


  
  • Creative Edge
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint