Pensionize your Nest Egg

Pensionize your Nest Egg

How to Use Product Allocation to Create A Guaranteed Income for Life

Book - 2015
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Guarantee your retirement income with a DIY pension

Pensionize Your Nest Egg describes how adding the new approach of "product allocation" to the tried-and-true asset allocation approach can help protect you from the risk of outliving your savings, while maximizing your income in retirement.

This book demonstrates that it isn't the investor with the most money who necessarily has the best retirement income plan. Instead, it's the investor who owns the right type of investment and insurance products, and uses product allocation to allocate the right amounts, at the right time, to each product category.

This revised second edition is expanded to include investors throughout the English-speaking world and updated to reflect current economic realities.

Readers will learn how to distinguish between the various types of retirement income products available today, including life annuities and variable annuities with living income benefits, and how to evaluate the features that are most important to meet their personal retirement goals.

Evaluate the impacts of longevity, inflation, and sequence of returns risk on your retirement income portfolio Make sense of the bewildering array of today's retirement income products Measure and maximize your Retirement Sustainability Quotient Learn how your product allocation choices can help maximize current income or financial legacy -- and how to select the approach that's right for you Walk through detailed case studies to explore how to pensionize your nest egg using the new product allocation approach

Whether you do it yourself or work with a financial advisor, Pensionize Your Nest Egg gives you a step-by-step plan to create a guaranteed retirement income for life.

Publisher: Hoboken, New Jersey : Wiley, [2015]
Edition: Second edition.
ISBN: 9781119025252
Characteristics: xx, 234 pages : illustrations ; 24 cm
Additional Contributors: Macqueen, Alexandra Carol 1967-- Author


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Jan 19, 2016

This book belabours the point about converting a portion of one's investments into annuity.

Sep 09, 2015

This book focuses mainly on strategies based around shifting pension risk from your personal balance sheet to institutions through the use of annuities. With interest rates at historic lows, annuities have been passed over as of late for more favorable and lucrative investments. Much could be said about managing pension risk for those of us without a defined benefits pension, however, even after reading the book, I'm not convinced that unless you're well into your 70s, annuities are seemingly that attractive. I personally prefer a diversified, liquid, balance portfolio that will allow you to manage your own funds, and that allow you to change your allocation based on risk, geographic areas, and diversity, rather than relying on diversification through individual product type selection as the book suggests. Although the book is well researched and detailed, the broad advice for those in the UK, US and Canada, spends a large amount of time and ink reviewing formulas to calculate the various scenarios of leaving a legacy, withdrawal rates, and risks associated with outliving your money - pretty dry stuff if you don't consider actuarial tables edge of your seat reading. I would suggest reading books by Gordon Pape for an alternative view point.


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