Retirement Income Redesigned: Master Plans for Distribution -- An Adviser's Guide for Funding Boomers' Best Years

Overview

Clients nearing retirement have some significant challenges toface. And so do their advisers. They can expect to live far longerafter they retire. And the problems they expect their advisers tosolve are far more complex. The traditional sources of retirementincome may be shriveling, but boomers don't intend to downsizetheir plans. Instead, they're redefining what it means to beretired—as well as what they require of financial advisers.Planners who aren't prepared will be left behind. Those who arewill step up to ...

See more details below
Other sellers (Hardcover)
  • All (19) from $17.98   
  • New (7) from $33.99   
  • Used (12) from $17.98   

Overview

Clients nearing retirement have some significant challenges toface. And so do their advisers. They can expect to live far longerafter they retire. And the problems they expect their advisers tosolve are far more complex. The traditional sources of retirementincome may be shriveling, but boomers don't intend to downsizetheir plans. Instead, they're redefining what it means to beretired—as well as what they require of financial advisers.Planners who aren't prepared will be left behind. Those who arewill step up to some lucrative and challenging work.

To help get the work done, Harold Evensky and DeenaKatz—both veteran problem solvers—have tapped thetalents of a range of experts whose breakthrough thinking offerssolutions to even the thorniest issues in retirement-incomeplanning:

  • Sustainable withdrawals
  • Longevity risk
  • Eliminating luck as a factor in planning
  • Immediate annuities, reverse mortgages, and viatical and lifesettlements
  • Strategies for increasing retirement cash flow

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

Read More Show Less

What People Are Saying

From the Publisher
"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

Read More Show Less

Product Details

  • ISBN-13: 9781576601891
  • Publisher: Wiley
  • Publication date: 4/1/2006
  • Series: Bloomberg Financial Series , #52
  • Edition number: 1
  • Pages: 370
  • Sales rank: 677,491
  • Product dimensions: 6.14 (w) x 9.21 (h) x 0.88 (d)

Meet the Author

Harold Evensky is chairman of Evensky & Katz, afinancial-advisory firm in Coral Gables, Florida.

Deena B. Katz is president. Their combined experiencetotals more than forty-eight years. Their innovation and skill haveearned them the loyalty of clients; their daring and dedicationhave 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 theauthor of Wealth Management: The Financial Advisor's Guide toInvesting and Managing Client Assets; Katz is the author ofDeena Katz on Practice Management and Deena Katz's Toolsand Templates for Your Practice. Both are featured speakers atnational and international legal, accounting, investment, andfinancial-planning conferences, and both are published widely andquoted extensively in financial journals and in newspapers.

Read More Show Less

Table of Contents

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 Haul33
Donald G. MacGregor

4 Reinventing Retirement 49
Mitch Anthony

PART TWO: ASSESSING THE RISKS 65

5 Psychological Impediments to Retirement-Income Planning69
Mathew Greenwald

6 Lifelong Retirement Income: How to Quantify and Eliminate Luck77
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 CashFlow 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 Value323
R. H. "Rick" Carey and Jeffrey K. Dellinger

20 The Search for Software 343
Joel P. Bruckenstein

Continuing Education Exam 353

Index 361

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)