Manage Retirement Income by Adding Longevity Insurance to the Portfolio
Jan 24, 2007
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By Elaine Floyd, CFP ®
Traditional portfolios may not be the best way to allocate assets when it comes to planning for retirement income. Stocks, bonds, and cash do not take into account longevity risk and the portfolio's random time horizon. Instead, a combination of conventional asset classes and insurance products may be the best way to accommodate clients' income needs and legacy goals.