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SECURING A RETIREMENT INCOME FOR LIFE Strategies for Managing, Protecting and Preserving Your Wealth Retirement is a time that we all look forward to but there are many things that must be taken into consideration. For example, the shift away from defined benefit plans to defined contribution plans means that more people are responsible for financing their own retirement. People are faced with having to make serious decisions about how to manage their company retirement plan, how much to contribute, how to invest their money and what to do with their vested balance after they retire. Whether they are still working or retired, many people have questions about: • When to retire
• How long they can expect to live in retirement
• How much they need to accumulate
• How to manage their retirement investments throughout their retirement years
• How to protect their retirement savings before and after they retire Certified Financial Planner™ practitioner and author, Bill Griffith, Jr., CFP®, provides answers to these questions and more in the Second Edition of Securing a Retirement Income for Life: Strategies for Managing, Protecting and Preserving Your Wealth (Griffith, 2009, ISBN 978-0-9785506-0-8) which is now available and up to date for the new tax laws and includes tips about what to do now and in 2010. According to Griffith, the investment needed to finance retirement depends on an accurate forecast of expenditures and rate of return assumptions well into the future. The uncertainty of traditional return assumptions and rising health care costs are both significant risks in retirement and can have a tremendous impact on retirement savings and security. Throughout this book, the author emphasizes a process-driven approach for facing these and other critical issues in retirement. For example, because of market volatility and the recession, many people saw their retirement savings plunge. Readers will learn about the proper methods for managing their retirement savings and how to protect their retirement investments both before and after they retire. The best approach, as described in Chapter 6, is to balance risks and rewards and capture returns with reduced volatility. Meeting financial obligations through an investment-based approach is only one part of the process. Securing a Retirement Income for Life shows how to use a combination of methods for managing retirement funds to ensure that an individual’s retirement income will last for the rest of his or her life. Material in this second edition is up to date for: • The new provisions that go into effect under the Pension Protection Act
• The Roth IRA conversion opportunity that originated with the enactment of the Tax Increase Prevention and Reconciliation Act For more information or to purchase a quantity of books for employees, customers or clients, please call 724.228.3440 or write to W.E. Griffith Publications, 1150 Washington Road, Suite 200, Washington, PA 15301. For future updates about this book, please visit:
Securing a Retirement Income for Life.
ABOUT THE AUTHOR
Bill Griffith, Jr., CFP® is principal of W.E. Griffith & Associates, LLC, a fee-based wealth management firm near Pittsburgh, Pennsylvania. His firm’s strategy is to use a team approach in planning and/or supervising all aspects of a client’s financial planning needs with the goal of protecting and enhancing retirement assets and estates. Known for having expertise in Retirement Income and Distribution Planning, Griffith has been providing specialized strategies and services for ensuring long-term financial security and independence for many years. He specializes in designing income strategies that seek to provide a predictable and sustainable retirement income. Griffith has written numerous articles about various topics relevant to personal finance, retirement and investment planning and is also the author of More Money for Retirement Right Now. For more information on Griffith, please visit W.E. Griffith & Associates, LLC.
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