Why the Stakes are Higher with Retirement Income Planning than Retirement Savings
As National Retirement Planning Week charges ahead, the difficulties that individuals face at the various stages of retirement planning is a topic ripe for discussion. One aspect of retirement planning often underrepresented in financial planning discussions is the importance of switching from a retirement savings mindset to a retirement income planning mindset. Nearly 8,000 baby boomers retire each day, each of whom requires a unique retirement income plan geared toward replacing his or her paycheck with stable sources of income in order to meet individualized retirement expenses.
Hopkins, Jamie Patrick, "Why the Stakes are Higher with Retirement Income Planning than Retirement Savings" (2014). Faculty Publications. 64.