“More dangerous yet is the shift in focus away from retirement income to return on investment. The primary concern of the saver remains what it always has been:
Will I have sufficient income in retirement to live comfortably?
Redefining Retirement: Shift the focus of retirement planning from amassing the biggest pot of money possible to guaranteeing more retirement income for life.
Retirement plans are primarily restricted to stocks, bonds, and mutual funds. The problem is that these kinds of investments cannot deliver security concerning income. New regulations implemented by the Department of Labor, Treasury Department and the Council of Economic Advisers allow consumers to add financial products to IRA’s, 401k’s
and other retirement accounts that guarantee lifetime income and guard against longevity risk.”