As life expectancy increases, the risk that retirees will outlive
their assets is a growing challenge. The shift from defined benefit
(DB) pension plans to defined contribution (DC) plans also
increases the responsibility for workers and retirees to make
difficult decisions and manage their pension and other financial
assets so that they have income throughout retirement. This book
explores financial experts recommendations and strategies to
navigate the difficult choices retirees will have to make, and
which often depend on an individual's circumstances, such as
anticipated expenses, income level, health and each household's
tolerance for risks, such as investment and longevity risk.
General
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