New Products Turn Savings Into Income.
Kiplinger's Retirement Report, January, 2008
TARGET-DATE retirement funds are a great all-in-one solution to saving for retirement. Now the pressure is on to find a similar one-stop answer for the next phase of retirement investing--turning a lifetime of savings into retirement income you can't outlive. With more than $16 trillion in retirement savings nationwide and the first wave of baby-boomers turning 62 this year, the stakes are high.
"Retirement-income products are the next big thing," says Jim Peterson, vice-president of the Center for Financial Research at Charles Schwab. "We're going to see lots of new products with new twists." Although there's no single investment solution to manage all of your retirement income just yet, there are several new options to help you construct a plan that works...
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