Evensky / Katz Retirement Income Redesigned

Master Plans for Distribution -- An Adviser's Guide for Funding Boomers' Best Years
1. Auflage 2010
ISBN: 978-0-470-88505-5
Verlag: John Wiley & Sons
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 400 Seiten, E-Book

Reihe: Bloomberg Professional

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.

Autoren/Hrsg.

Evensky, Harold

Katz, Deena B.

Weitere Mitwirkende

Updegrave, Walter

Inhaltsverzeichnis

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

Über Autor(innen)

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.