Date Added: May 2010
After a lifetime of saving and investing, the goal in retirement is to preserve wealth and invest it in ways that generate lasting retirement income. The responsibility for saving for retirement has generally shifted from corporate pension plans to individuals. Accordingly, the task of making contributions, selecting investments, and preparing for income distributions rests with you and your advisor. As a result, you need to plan for sufficient income to support your retirement lifestyle for many years, while grappling with the risk of your portfolio lasting throughout retirement.