FINANCIAL PLANNING INSIGHT
Fidelity Research Institute has developed several reports that could provide financial insight beneficial to you and your clients.
-"Retirement Income Planning: America's Lifetime Income Challenge"- The paper addresses changes in financial thinking that retirees must make as they transition from full-time work to retirement. It outlines five challenges that retirees face: longevity risk, inflation risk, poor asset allocation, too-rapid withdrawals, and rising health care costs. It also offers specific trade-offs and possible solutions to help achieve a secure retirement.
-"Improving Retirement Readiness: Laying the Groundwork for a Financially Secure Retirement"-This report may be especially helpful to clients still working and planning out their retirement because it provides guidelines for establishing a savings plan to best prepare for a financially secure retirement and ensure that retirees don't outlive their assets. Among the topics are knowing how to maximize tax-deferred retirement savings vehicles and deciding how to properly allocate retirement investment dollars among stocks, bonds, and cash.
-"The Equity You Live in: The Home as a Retirement Savings and Income Option"- Given the booming housing market of past years, many began to view the equity gains in their home as a way to a secure retirement. In light of recent stalling and falling home prices, such a notion may have to be reconsidered. One conclusion of the study is that Americans shouldn't count on home equity as a significant retirement funding source because cycles in real estate can inflict severe damage on a retirement plan that relies too heavily on home equity.
To access these reports, go to http://www.fidelityresearchinstitute.com/insights.html
On the far right, click on any of the six insight reports that interest you.
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