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Budgeting to Meet Your Spending Goals in Retirement vs. Cobbling Together Sources of 'Lifetime Income'
Ken Steiner, FSA Retired Link to more items from this source
Aug. 9, 2017
"[T]he major actuarial organizations in the U.S. appear to be more focused on advocating the cobbling together of various lifetime income 'solutions' (including lifetime income insurance products and SWPs) than advocating the use of basic actuarial principles to help individuals achieve their spending goals.... [T]he actuarial calculations required to develop a reasonable spending budget, that reflects your specific situation and that is consistent with your goals, can be somewhat complicated.... By using the Actuarial Approach, [a sample couple] increased their initial spending budget by almost 53% and, on an expected basis, satisfied all of their spending goals."

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