Retirement Income Planning—The Critical Path You Can’t Afford to Miss

Jeff Camarda (), Steven James Lee () and Jerusha Lee ()
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Jeff Camarda: Family Wealth Education Institute
Steven James Lee: California State Polytechnic University
Jerusha Lee: Claremont Graduate University

A chapter in The Financial Storm Warning for Investors, 2021, pp 193-207 from Springer

Abstract: Abstract In this chapter, we walk you through the multitude of risks that threaten a long and prosperous retirementRetirement. Living too long, taxes, inflationInflation, interest rates, losing money or not making enough, spending to much, asset location inefficiency, and opportunity cost loom large when it comes to your spending down your nest egg. Free online retirement calculators cannot adequately take all of the necessary variables of your situation into account. We explain how competent advice can make all the difference in your golden years. Whether you naturally seek risk or avoid it, it is important to accurately calculate your retirement needs amidst the worsening financial conditions in the United States and around the world. Because retirement decisions are critically important to your livelihood, you will need to consistently monitor, evaluate, and adjust throughout your life.

Keywords: Retirement; Longevity risk; Inflation; Taxes; Robo advisors (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-77271-0_19

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DOI: 10.1007/978-3-030-77271-0_19

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