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

Overview

Clients nearing retirement have some significant challenges to face. And so do their advisers. They can expect to live far longer after they retire. And the problems they expect their advisers to solve are far more complex. The traditional sources of retirement income may be shriveling, but boomers don't intend to downsize their plans. Instead, they're redefining what it means to be retired—as well as what they require of financial advisers. Planners who aren't prepared will be left behind. Those who are will ...
See more details below
Hardcover
$59.35
BN.com price
(Save 19%)$73.95 List Price
Other sellers (Hardcover)
  • All (11) from $29.98   
  • New (5) from $40.72   
  • Used (6) from $29.98   

Overview

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

To help get the work done, Harold Evensky and Deena Katz—both veteran problem solvers—have tapped the talents of a range of experts whose breakthrough thinking offers solutions to even the thorniest issues in retirement-income planning:

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

In Retirement Income Redesigned, the most-respected names in 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 often flaky. Nothing in this book is flaky. The expert authors are sophisticated and knowledgeable. Their presentations are rock-solid, comprehensive, and clear. They cover every important aspect of the retirement problem. Any adviser or client who reads this book will be deeply grateful to Harold Evensky and Deena Katz for putting it together."
—Peter L. Bernstein; Author, Against the Gods: The Remarkable Story of Risk

"Once again, Harold and Deena have succeeded in putting together an A-team of financial experts. The end goal for this team is to help other financial professionals do the best possible job that they can as they guide their clients in their retirement years. This book is a must-have for anyone advising clients through retirement."
—J. Thomas Bradley, Jr., President, TD AMERITRADE Institutional

"Advisers have an unprecedented opportunity to work with a generation that has shaped history and will reshape the future of retirement planning. Retirement Income Redesigned provides advisers with a valuable tool for understanding and addressing the unique needs of retiring baby boomers."
—John Iachello
Managing Director, Pershing Advisor Solutions, A service of Pershing LLC, a member of BNY Securities Group and a subsidiary of The Bank of New York Company, Inc.

"With 80 million baby boomers entering retirement over the coming decades, Retirement Income Redesigned is a must-read for financial advisers who are determined to grow their business and add value for clients. The book provides a valuable mix of conceptual planning principles, product guidance, and tangible planning 'how tos' to help advisers meet the needs of their in-and-near-retirement clients. It's a wonderful tool for gaining insights and ideas to maximize your firm's potential in attracting this valuable segment."
—Deborah McWhinney, President, Schwab Institutional

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: 807,577
  • Product dimensions: 6.14 (w) x 9.21 (h) x 0.88 (d)

Meet the Author

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

Deena B. Katz is president. Their combined experience totals more than forty-eight years. Their innovation and skill have earned them the loyalty of clients; their daring and dedication have 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 the author of Wealth Management: The Financial Advisor's Guide to Investing and Managing Client Assets; Katz is the author of Deena Katz on Practice Management and Deena Katz's Tools and Templates for Your Practice. Both are featured speakers at national and international legal, accounting, investment, and financial-planning conferences, and both are published widely and quoted 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 Haul 33
Donald G. MacGregor

4 Reinventing Retirement 49
Mitch Anthony

PART TWO: ASSESSING THE RISKS 65

5 Psychological Impediments to Retirement-Income Planning 69
Mathew Greenwald

6 Lifelong Retirement Income: How to Quantify and Eliminate Luck 77
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 Cash Flow 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 Value 323
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)