Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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AimPoint Pension
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Loan & Distribution Specialist AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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Budgeting to Meet Your Spending Goals in Retirement vs. Cobbling Together Sources of 'Lifetime Income'
Ken Steiner, FSA Retired 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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