Commentary: Examine retirement income variables individually

03/25/2013 | Financial Advisor online

Financial advisers often use a single rate of increase to calculate a client's retirement-income needs, but a more accurate method would be to consider expense variables separately, writes Waldean Wall of Allianz Life Insurance. In a series of charts, Wall illustrates the potential effects of future health care costs, income taxes, housing costs and general living expenses. A client's circumstances can amplify problems arising from flat-increase assumptions, he writes.

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