Retirement Income Plan Designer
CurrentMany factors make it challenging to plan for retirement income.Historically low interest rates have slashed savers' interest income.Individuals have been provided more control over how they save for retirement and create retirement income. But according to actuarial consulting firm, Milliman, they may "...not have the knowledge, expertise, or guidance to make those decisions."People are living longer. This creates the need to plan for a long retirement.The outlook for inflation is uncertain. Higher inflation make prices increase, so retirees need more income to stay even.Ever-increasing health care costs make planning for retirement security a must.Emotions impact investors' decision-making. People can easily lose their long-term focus at a time when maintaining a long planning horizon is critical.
