In recent years, the financial news has focused so much on how investors can save money for retirement that they have often forgotten to talk about what investors should do once they are retired.
But when the first wave of baby boomers turns 60 next year, it will become a much bigger problem for retirees to be able to handle their assets.
As financial planning gets more complicated and workers are expected to pay for more of their own retirements, investors would be smart to get advice on how to navigate the waters of retirement.
"Manage Your Investments During Retirement," a 21-page booklet by American Century Investments, has won an award and helps investors with a number of things as they approach and enter retirement, such as:
- Figuring out the rate of withdrawal.
- Managing sources of income, from savings for retirement to Social Security benefits;
- Figuring out how much health care and long-term care will cost;
- Figuring out annuity payments and withdrawal plans for all accounts, including those that pay taxes and those that don't.
- Putting money away for retirement;
American Century is also releasing new tools to help investors in all stages of retirement plan and invest for retirement.
These new services will help investors make plans for their retirement, manage their retirement incomes, and invest their retirement portfolios. Investors can use these new services by working with an experienced investment consultant or by doing their own work online.
These retirement services are part of American Century's On Plan Investing approach, which helps investors reach their most important financial goals by giving them advice that is tailored to their needs. These services are offered at no extra cost.
