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A Foolproof Way to Create Retirement Income for the Rest of Your Life

A Foolproof Way to Create Retirement Income for the Rest of Your Life

The American College of Financial Services
CNBC
June 26, 2020

For those at or nearing retirement age, the major focus of their financial planning is likely how to ensure they make it through their retirement years without having to worry about making ends meet. For advisors, this means crafting a plan that leverages factors including required minimum distributions (RMDs) from retirement plans, along with Social Security and other assets, to a point that doesn’t risk clients outliving their means of support.

RICP® program director Wade Pfau says one factor more advisors need to consider is the possibility of long-term medical care, which can be a major drain on finances. Learn more in this piece from CNBC.

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