Retirement Income Planning and Your Financial Advisor

Many baby boomers plan for retirement by consulting a financial planner or advisor. A key topic in consultations with an advisor is whether your retirement income will last for as long as you need it to. The answer to this question requires a careful analysis of your assets so as to predict with some degree of accuracy if you will outlive your money. This must involve more than a back of the envelope calculation. Unfortunately, some financial advisors oversimplify their analysis of your retirement income. This produces an unrealistic outcome. Read more