Bill Sharpe on Finding a Better Retirement Income Solution

{1:30 minutes to read}  Today, I want to continue the conversation we’ve been having about retirement income. I learned some time ago that the only reason people save is to be able to accumulate a pool of money that they can spend at some time in the future.

I want to introduce an article and a video from economist Bill Sharpe, who is a Nobel Prize-winning economist and a Stanford University professor of economics. His article, Finding a Better Retirement Income Solution, really supports the conversations that we’ve been having on this blog for some time.

We really are the first generation where the onus is on us to generate the best retirement income solution. Years back, people would have incomes from their defined benefit pension plans, but those have really gone the way of the past.

People today have a lot of money invested in the market and face a lot of risk from volatility, inflation, taxes, and longevity. I think this article and video can give you some good perspective on other strategies that might be helpful to your clients and their retirement plans.

As always, if we can ever be of help to you whether it’s help with planning your social security, generating retirement income, or planning your estate, please call us with your questions and your feedback.

Finding a Better Retirement Income Solution

Video: How to Communicate Risk to Your Clients

 

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