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Retirement Planning Doesn 't End At Retirement Essay

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Retirement Planning Doesn 't End at Retirement
By Grant Barra | Submitted On July 18, 2012

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Expert Author Grant Barra
As millions of Americans transition from full-time work to retirement, they move from the life stage of asset accumulation to a new stage - distribution planning. Instead of trying to acquire and build up savings for retirement, they are now repositioning their assets to provide an income they can rely on for the rest of their lives.

The impact of this shift, which is beginning right now for the initial waves of millions of baby boomers, cannot be overestimated. Born between 1946 and 1964, these boomers will need to plan for a retirement that could last for more than 30 years. So, it 's not only those close to retirement, but an entire generation that may need professional help to ensure that their portfolios will provide an income throughout their lifetimes.

There are several key risks that can undermine the success of a retirement plan - longevity, inflation, asset allocation, fund withdrawal rate and last, but certainly not least, health care expenses.

Underestimating the Risk

Many people underestimate what their life

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