The pension plans that previous generations relied upon for monthly retirement income are vanishing and being replaced by self-funding programs such as 401(k)s. Today's retirees are now responsible for creating their own stream of income from their investments-and this income may need to last for moree than three decades.
So, the singular question every retiree needs to ask is:
Am I going to outlive my money, or is my money going to outlive me?
Plan on Living: The Retiree's Guide to Lasting Income and Enduring Wealth addresses this question and many more about the management of retirement assets. the concepts taught within the pages of this book will demostrate how a retirement income plan should be constructed and monitored to enable the retiree to transition a career's worth of accumulations into a lifetime's worth of income. With such a plan for living in place, retirees can truly plan on living the abundant retirement they dream of.
Scott M. Peterson is the founder and principal investment advisor of Peterson Wealth advisors. Scott has broken ground in the retirement planning industry as the architect of the Perennial Income Model, a planning tool that helps retirees manage their investments throughout retirement. Scott has authored two books on managing money during retirement and often speaks regarding this topic. Thanks to his 35 years of research and his collaborative approach with legal and tax professionals in the managing of finances during retirement, he has positioned himself to offer unique insights on the issues facing today's retirees.