Description

Book Synopsis
This book looks at the 78 million members of the "baby boom" generation who are beginning to retire. After many years of accumulating assets to spend in retirement, they now must decide how to convert these assets into a steady stream of income. Because of the trend away from defined benefit (DB) pensions to defined contribution (DC) plans, such as 401(k)plans, future retirees will be less likely to have a guaranteed stream of income from defined benefit pensions. Furthermore, while Social Security will provide a guaranteed income to most retirees, it will replace only a relatively small portion of their pre-retirement income.

Financial Asset Management & Wealth in Retirement

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    A Hardback by Terrance G Waverly

    £999.99

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      Book details

      Publisher Nova Science Publishers Inc
      Published 1 August 2010
      ISBN-13 9781607416968
      978-1607416968
      ISBN-10 1607416964
      Also in:
      Age groups: the elderly / old age

      Description

      Book Synopsis
      This book looks at the 78 million members of the "baby boom" generation who are beginning to retire. After many years of accumulating assets to spend in retirement, they now must decide how to convert these assets into a steady stream of income. Because of the trend away from defined benefit (DB) pensions to defined contribution (DC) plans, such as 401(k)plans, future retirees will be less likely to have a guaranteed stream of income from defined benefit pensions. Furthermore, while Social Security will provide a guaranteed income to most retirees, it will replace only a relatively small portion of their pre-retirement income.

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