Retirement Income Redesigned: Master Plans for Distribution -- An Adviser's Guide for Funding Boomers' Best Years

About the Contributors xi

Foreword by Walter Updegrave xxiii

PART ONE: FACING THE NEW REALITIES 1

1 Boomers: A Force for Change 5
Deena B. Katz

2 Maslow Meets Retirement 17
Mitch Anthony and Lewis J . Walker

3 Decision Making at Retirement: High Stakes for the Long Haul 33
Donald G. MacGregor

4 Reinventing Retirement 49
Mitch Anthony

PART TWO: ASSESSING THE RISKS 65

5 Psychological Impediments to Retirement-Income Planning 69
Mathew Greenwald

6 Lifelong Retirement Income: How to Quantify and Eliminate Luck 77
Jim C. Otar

7 Balancing Mortality and Modeling Risk 97
Cynthia Saltzman

8 Monte Carlo Mania 117
Robert D. Curtis

9 Understanding Required Minimum Distributions 141
April K. Caudill

PART THREE: SHAPING THE SOLUTIONS 157

10 Risk Management During Retirement 163
Moshe A. Milevsky With Anna Abaimova

11 Withdrawal Strategies: A Cash Flow Solution 185
Harold Evensky

12 Asset Allocation: The Long View 203
Laurence Booth

13 Sustainable Withdrawals 217
William P. Bengen

14 Tools and Pools: Strategies for Increasing Retirement Cash Flow 237
Robert P. Kreitler

15 Creating Portfolios With Lower Volatility 255
Louis P. Stanasolovich

16 Reverse Mortgages in Distribution Planning 281
Roxanne Alexander and Michael J. Anderson

17 Life Insurance Benefits—No Waiting 305
Douglas Head

18 Longevity Risk Insurance 311
Roger G. Ibbotson, Michael C. Henkel, and Peng Chen

19 Immediate Annuities: Structure, Mechanics, and Value 323
R. H. "Rick" Carey and Jeffrey K. Dellinger

20 The Search for Software 343
Joel P. Bruckenstein

Continuing Education Exam 353

Index 361