Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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AimPoint Pension
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Compass
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Regional Vice President of Sales The Retirement Plan Company
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Measures of Retirement Benefit Adequacy: Which, Why, for Whom, and How Much? (PDF)
Society of Actuaries Jan. 15, 2013 "Key findings include: [1] Many of the next generation of retirees are facing a big drop in their standard of living when they retire.... [2] [T]here is a 29% chance median households will have positive wealth at death.... [3] Individuals need to be aware that attempts to over-simplify the retirement planning process can be very dangerous if used for personal decision making. [4] The most appropriate measure of retirement benefit adequacy depends on the stakeholder: plan sponsor/employer; financial planner/individual; public policymaker; or financial institution. [5] While it is much easier to plan for expected events, so-called 'shock events' must be taken into consideration since they are more likely to derail an individual's retirement plan, especially at lower income levels. For the median income individual, shocks are the biggest driver of asset depletion." |
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