In the News

Title

As nest eggs grow, so does need for expertise

Document Type

Article

Publication Date

12-21-2014

Abstract

Like the Ancient Mariner surrounded by “water, water everywhere, nor any drop to drink,” Americans have managed to amass nearly $14 trillion in retirement savings — but most don't have a clue how to spend it. That's my literary interpretation of some year-end reports and surveys that show too many Americans haven't saved enough for retirement, and most of those who have accumulated a nest egg are desperate for advice on how to convert it into income that can last a lifetime.