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Informationen zum Autor Harold Evensky is chairman of Evensky & Katz, a financial-advisory firm in Coral Gables, Florida. Deena B. Katz 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. Evensky and Katz are the editors of The Investment Think Tank: Theory, Strategy, and Practice for Advisers Evensky is the author of Wealth Management: The Financial Advisor's Guide to Investing and Managing Client Assets ; Katz is the author of Deena Katz on Practice Management and Deena Katz's Tools and Templates for Your Practice. 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. Klappentext 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. To 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: Sustainable withdrawals Longevity risk Eliminating luck as a factor in planning Immediate annuities, reverse mortgages, and viatical and life settlements Strategies for increasing retirement cash flow In Retirement Income Redesigned, the most-respected names in the industry discuss these issues and a range of others. Inhaltsverzeichnis Acknowledgments ix About the Contributors xi Foreword by Walter Updegrave xxiii PART ONE: FACING THE NEW REALITIES 1 1 Boomers: A Force for Change 5 Deena B. Katz 2 Maslow Meets Retirement 17 Mitch Anthony and Lewis J . Walker 3 Decision Making at Retirement: High Stakes for the Long Haul 33 Donald G. MacGregor 4 Reinventing Retirement 49 Mitch Anthony PART TWO: ASSESSING THE RISKS 65 5 Psychological Impediments to Retirement-Income Planning 69 Mathew Greenwald 6 Lifelong Retirement Income: How to Quantify and Eliminate Luck 77 Jim C. Otar 7 Balancing Mortality and Modeling Risk 97 Cynthia Saltzman 8 Monte Carlo Mania 117 Robert D. Curtis 9 Understanding Required Minimum Distributions 141 April K. Caudill PART THREE: SHAPING THE SOLUTIONS 157 10 Risk Management During Retirement 163 Moshe A. Milevsky With Anna Abaimova 11 Withdrawal Strategies: A Cash Flow Solution 185 Harold Evensky 12 Asset Allocation: The Long View 203 Laurence Booth 13 Sustainable Withdrawals 217 William P. Bengen 14 Tools and Pools: Strategies for Increasing Retirement Cash Flow 237 Robert P. Kreitler 15 Creating Portfolios With Lower Volatility 255 Louis P. Stanasolovich 16 Reverse Mortgages in Distribution Planning 281 Roxanne Alexander and Michael J. Anderson 17 Life Insurance Benefits-No Waiting 305 Douglas Head 18 Longevity Risk Insurance 311 Roger G. Ibbotson, Michael C. Henkel, and Peng Chen 19 Immediate Annuities: Structure,...
