Thursday, April 18, 2013

Society of Actuaries Committee on Post Retirement Needs and Risk

While mostly focused on providing pre-retirement planning information for "actuaries and other professionals with an interest in modeling and conducting research regarding individual financial risks and needs after retirement", this site does contain some useful information for individuals who are trying to develop a budget in retirement.

While some retirees may find recent articles regarding "middle market retirement strategies" somewhat unfocused and confusing, some of the earlier material, particularly several of the issue briefs contained in the "Managing Retirement Decisions" are understandable and potentially helpful.

The committee makes excellent points in their material regarding the importance of planning for "shocks", such as unexpected health problems or entering a nursing home.  In addition, some of their material discusses the use of home equity to supplement income in retirement.

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