1/19/2016 – A new approach to do-it-yourself retirement planning

With the decline of traditional pensions, many older workers and retirees face a “do it yourself” retirement: You’re on your own to figure out how to make your retirement savings last for the rest of your life. With retirements that can extend 20 to 30 years or more, this is indeed a daunting challenge for those who are fortunate enough to accumulate significant savings by the time they retire.

To address this challenge, different thinking and new language is needed to transition from a mindset concerned with accumulating assets for retirement to a mindset concerned with generating income in retirement.

Read the full article by Center on Longevity Research Scholar Steve Vernon.