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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Format PDF ● Pages 136 ● ISBN 9781613246061 ● Éditeur Terrance G Waverly ● Maison d’édition Nova Science Publishers ● Publié 2016 ● Téléchargeable 3 fois ● Devise EUR ● ID 7218750 ● Protection contre la copie Adobe DRM
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