{"product_id":"retirement-income-redesigned-isbn-9781576601891","title":"Retirement Income Redesigned","description":"Clients nearing retirement have some significant challenges to face. And so do their advisers. They can expect to live far longer after they retire. And the problems they expect their advisers to solve are far more complex. The traditional sources of retirement income may be shriveling, but boomers don't intend to downsize their plans. Instead, they're redefining what it means to be retired—as well as what they require of financial advisers. Planners who aren't prepared will be left behind. Those who are will step up to some lucrative and challenging work.  \u003cp\u003eTo help get the work done, Harold Evensky and Deena Katz—both veteran problem solvers—have tapped the talents of a range of experts whose breakthrough thinking offers solutions to even the thorniest issues in retirement-income planning:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eSustainable withdrawals\u003c\/li\u003e \u003cli\u003eLongevity risk\u003c\/li\u003e \u003cli\u003eEliminating luck as a factor in planning\u003c\/li\u003e \u003cli\u003eImmediate annuities, reverse mortgages, and viatical and life settlements\u003c\/li\u003e \u003cli\u003eStrategies for increasing retirement cash flow\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eIn \u003ci\u003eRetirement Income Redesigned,\u003c\/i\u003e the most-respected names in the industry discuss these issues and a range of others.\u003c\/p\u003e  Acknowledgments ix  \u003cp\u003eAbout the Contributors xi\u003c\/p\u003e \u003cp\u003eForeword by \u003ci\u003eWalter Updegrave\u003c\/i\u003e xxiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART ONE: FACING THE NEW REALITIES 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1 Boomers: A Force for Change 5\u003cbr\u003e \u003ci\u003eDeena B. Katz\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e2 Maslow Meets Retirement 17\u003cbr\u003e \u003ci\u003eMitch Anthony and Lewis J . Walker\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e3 Decision Making at Retirement: High Stakes for the Long Haul 33\u003cbr\u003e \u003ci\u003eDonald G. MacGregor\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e4 Reinventing Retirement 49\u003cbr\u003e \u003ci\u003eMitch Anthony\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART TWO: ASSESSING THE RISKS 65\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5 Psychological Impediments to Retirement-Income Planning 69\u003cbr\u003e \u003ci\u003eMathew Greenwald\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e6 Lifelong Retirement Income: How to Quantify and Eliminate Luck 77\u003cbr\u003e \u003ci\u003eJim C. Otar\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e7 Balancing Mortality and Modeling Risk 97\u003cbr\u003e \u003ci\u003eCynthia Saltzman\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e8 Monte Carlo Mania 117\u003cbr\u003e \u003ci\u003eRobert D. Curtis\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e9 Understanding Required Minimum Distributions 141\u003cbr\u003e \u003ci\u003eApril K. Caudill\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART THREE: SHAPING THE SOLUTIONS 157\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10 Risk Management During Retirement 163\u003cbr\u003e \u003ci\u003eMoshe A. Milevsky With Anna Abaimova\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e11 Withdrawal Strategies: A Cash Flow Solution 185\u003cbr\u003e \u003ci\u003eHarold Evensky\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e12 Asset Allocation: The Long View 203\u003cbr\u003e \u003ci\u003eLaurence Booth\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e13 Sustainable Withdrawals 217\u003cbr\u003e \u003ci\u003eWilliam P. Bengen\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e14 Tools and Pools: Strategies for Increasing Retirement Cash Flow 237\u003cbr\u003e \u003ci\u003eRobert P. Kreitler\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e15 Creating Portfolios With Lower Volatility 255\u003cbr\u003e \u003ci\u003eLouis P. Stanasolovich\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e16 Reverse Mortgages in Distribution Planning 281\u003cbr\u003e \u003ci\u003eRoxanne Alexander and Michael J. Anderson\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e17 Life Insurance Benefits—No Waiting 305\u003cbr\u003e \u003ci\u003eDouglas Head\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e18 Longevity Risk Insurance 311\u003cbr\u003e \u003ci\u003eRoger G. Ibbotson, Michael C. Henkel, and Peng Chen\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e19 Immediate Annuities: Structure, Mechanics, and Value 323\u003cbr\u003e \u003ci\u003eR. H. \"Rick\" Carey and Jeffrey K. Dellinger\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e20 The Search for Software 343\u003cbr\u003e \u003ci\u003eJoel P. Bruckenstein\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eContinuing Education Exam 353\u003c\/p\u003e \u003cp\u003eIndex 361\u003c\/p\u003e  \u003cb\u003eHarold Evensky\u003c\/b\u003e is chairman of Evensky \u0026amp; Katz, a financial-advisory firm in Coral Gables, Florida.  \u003cp\u003e\u003cb\u003eDeena B. Katz\u003c\/b\u003e is president. Their combined experience totals more than forty-eight years. Their innovation and skill have earned them the loyalty of clients; their daring and dedication have won them the respect of their peers.\u003cbr\u003e Evensky and Katz are the editors of \u003ci\u003eThe Investment Think Tank: Theory, Strategy, and Practice for Advisers\u003c\/i\u003e Evensky is the author of \u003ci\u003eWealth Management: The Financial Advisor's Guide to Investing and Managing Client Assets\u003c\/i\u003e; Katz is the author of \u003ci\u003eDeena Katz on Practice Management\u003c\/i\u003e and \u003ci\u003eDeena Katz's Tools and Templates for Your Practice.\u003c\/i\u003e Both are featured speakers at national and international legal, accounting, investment, and financial-planning conferences, and both are published widely and quoted extensively in financial journals and in newspapers.\u003c\/p\u003e  \"Expert advice for retirement planning is essential but too often flaky. Nothing in this book is flaky. The expert authors are sophisticated and knowledgeable. Their presentations are rock-solid, comprehensive, and clear. They cover every important aspect of the retirement problem. Any adviser or client who reads this book will be deeply grateful to Harold Evensky and Deena Katz for putting it together.\"\u003cbr\u003e \u003cb\u003e—Peter L. Bernstein\u003c\/b\u003e; Author, \u003ci\u003eAgainst the Gods: The Remarkable Story of Risk\u003c\/i\u003e  \u003cp\u003e\"Once again, Harold and Deena have succeeded in putting together an A-team of financial experts. The end goal for this team is to help other financial professionals do the best possible job that they can as they guide their clients in their retirement years. This book is a must-have for anyone advising clients through retirement.\"\u003cbr\u003e \u003cb\u003e—J. Thomas Bradley, Jr.\u003c\/b\u003e, President, TD AMERITRADE Institutional\u003c\/p\u003e \u003cp\u003e\"Advisers have an unprecedented opportunity to work with a generation that has shaped history and will reshape the future of retirement planning. \u003ci\u003eRetirement Income Redesigned\u003c\/i\u003e provides advisers with a valuable tool for understanding and addressing the unique needs of retiring baby boomers.\"\u003cbr\u003e \u003cb\u003e—John Iachello\u003cbr\u003e \u003c\/b\u003eManaging Director, Pershing Advisor Solutions, A service of Pershing LLC, a member of BNY Securities Group and a subsidiary of The Bank of New York Company, Inc.\u003c\/p\u003e \u003cp\u003e\"With 80 million baby boomers entering retirement over the coming decades, \u003ci\u003eRetirement Income Redesigned\u003c\/i\u003e is a must-read for financial advisers who are determined to grow their business and add value for clients. The book provides a valuable mix of conceptual planning principles, product guidance, and tangible planning 'how tos' to help advisers meet the needs of their in-and-near-retirement clients. It's a wonderful tool for gaining insights and ideas to maximize your firm's potential in attracting this valuable segment.\"\u003cbr\u003e \u003cb\u003e—Deborah McWhinney\u003c\/b\u003e, President, Schwab Institutional\u003c\/p\u003e","brand":"Bloomberg Press","offers":[{"title":"Default Title","offer_id":47989957525733,"sku":"NP9781576601891","price":80.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781576601891.jpg?v=1761786027","url":"https:\/\/k12savings.com\/products\/retirement-income-redesigned-isbn-9781576601891","provider":"K12savings","version":"1.0","type":"link"}