Why We Need a New Approach to Retirement Income Planning

Why We Need a New Approach to Retirement Income Planning

By Philip Lubinski, CFP®

If you are feeling nervous about funding your retirement, you’re not alone. A survey of more than 3,200 baby boomers by financial firm Allianz found that more than 6 in 10 baby boomers feared running out of money before they died more than death itself. The reason for this anxiety is that retirement has changed significantly over the past decades.

Due to these changes, today’s retirees are facing challenges never experienced by their parents or grandparents. Let’s review some of the challenges that have the most impact on your retirement income plan: A lack of pensions […]

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