Book: Avoid Outliving Retirement Assets

Outliving retirement assets is an issue that a vast majority of retirees have to consider. With many individuals ill prepared for retirement combined with people living longer than ever, the future will bring millions of retirees who outlive their assets in retirement. A new book, entitled “Investing for Income: The Retirement Dilemma”, tackles this very issue.

Written by Curtis R. Bryant, a retired financial advisor, the book talks about how to make sure that your retirement money will last a lifetime. It also offers tips and information about maximizing income.

Writes Bryant: “I can’t tell you how many times I have had conversations with retired people worrying themselves about maximizing lifetime income if it meant reducing the size of the inheritance they would leave for their children. The new dynamic needs to be: ‘financial independence first, an estate to leave for the children second.’”

This book is especially helpful for those people earning a middle of the road income. In my opinion, the most interesting portion of the book is when Bryant discusses how to use real estate, stocks and different insurance products to maximize income.

Old Man Reading (Image: Flickr)