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How to Avoid Outliving Assets During Retirement
LOS ANGELES, Sept. 3, 2009 -- Many Americans are at or near retirement, but how certain are they that they won't outlive their assets? In the new Editor's Choice award-winning book, "Investing for Income: The Retirement Dilemma" (published by iUniverse), author and retired financial advisor Curtis R. Bryant offers this sourcebook of ideas for financial advisors and those nearing retirement. He provides information and ideas that may help maximize income and assure that it's adequate for a lifetime.
"Investing for Income" is geared toward the middle-income earner who wishes to have a secure retirement. In this new financial world, retirees need to be concerned about outliving their money rather than leaving all they have to the next generation. Until recently, a high percentage of middle-income people reaching retirement could look forward to maintaining their lifestyles with a combination of Social Security, company pensions and small amounts of savings.
Now, middle-income people reaching retirement will be dependent upon receiving lifetime income from their savings and/or a lump sum distribution from a company pension plan. Bryant shows that proper use of stocks, real estate and insurance products can enhance readers' income, provide growth to offset inflation and increase readers' ability to survive and prosper in any market, while reducing overall risk. Bryant writes:
"Most middle-income retirees in this new world need be more concerned about outliving their money than leaving all they can to the next generation. Those thinking about maximizing what they leave at death are missing the point that the most important gift they can give their heirs is financial independence from them during life. I can't tell you how many times I have had conversations with retired people worrying themselves about maximizing lifetime income if it meant reducing the size of the inheritance they would leave for their children. The new dynamic needs to be: 'financial independence first, an estate to leave for the children second.'"
About the Author
Bryant spent his life working in the financial services industry as a Chartered Financial Consultant and Certified Senior Advisor. He and his wife, Pat, founded a pension consulting firm in Southern California. They are coauthors of "The Pension Primer: Retirement Plan Handbook." Bryant is now retired and lives in Big Bear Lake, California.
"Investing for Income"
Available from: http://www.iUniverse.com, http://www.bn.com and http://www.amazon.com.
ISBN: 9781440151149 - 6 x 9 - Paperback - 123 pages - $13.95
iUniverse offers a variety of publishing services to help individuals publish, market and sell fiction, poetry and nonfiction books. The company utilizes print-on-demand technology, and is one of the largest self-publishing companies in the U.S. iUniverse is based in Bloomington, Indiana.