Financial Asset Management & Wealth in Retirement
Book Details
Format
Hardback or Cased Book
ISBN-10
1607416964
ISBN-13
9781607416968
Publisher
Nova Science Publishers Inc
Imprint
Nova Science Publishers Inc
Country of Manufacture
US
Country of Publication
GB
Publication Date
Aug 1st, 2010
Print length
128 Pages
Weight
428 grams
Dimensions
25.80 x 18.30 x 1.30 cms
Product Classification:
Age groups: the elderlyPensions
Ksh 14,200.00
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This book looks at the 78 million members of the "baby boom" generation who are beginning to retire. After many years of accumulating assets to spend in retirement, they now must decide how to convert these assets into a steady stream of income. Because of the trend away from defined benefit (DB) pensions to defined contribution (DC) plans, such as 401(k)plans, future retirees will be less likely to have a guaranteed stream of income from defined benefit pensions. Furthermore, while Social Security will provide a guaranteed income to most retirees, it will replace only a relatively small portion of their pre-retirement income.
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