Retirement Income

There is a good article in the Motley Fool that discusses using a reverse mortgage to generate retirement income . A home or principal residence is often one of the larger assets on a retirees' balance sheet. A reverse mortgage enables one to create a stream of income from what is otherwise an illiquid asset . "a reverse mortgage is one option to consider if you need to generate more income in retirement. Combined with managing your investments to maximize income, a reverse mortgage may give...

The financial crisis may have one unintended consequence that would prove beneficial for millions of retirees. There is a renewed focus among providers of retirement income products in the wake of the financial crisis. The crisis has provided an opportunity for the remaining life and annuity insurers and asset managers to rethink their product offerings. The result could be a wave of innovation that is focused on retirement income and asset decumulation rather than asset accumulation and...

Annuities are all about producing income that will last according to P. Brett Hammond. Hammond is the chief investment strategist for TIAA-CREF asset management. In Hammond's view wealth creation and asset accumulation are fine, but producing income should be front and center when thinking about retirement: There's nothing wrong with wealth creation. In fact, it's fabulous. But the problem is if you're only thinking about wealth creation for retirement income, you may forget about all the other...