By Paula Aven Gladych
The Society of Actuaries published a series on "Managing Retirement Decisions" to take a hard look at the decisions people face when they are planning for retirement
. The series targets those looking to retire and the financial professionals working with them.
"There are a number of decisions and risks associated with retirement planning and saving, including having adequate resources and timing of Social Security benefits," said Anna Rappaport, actuary and chair of the SOA's Committee on Post-Retirement Needs and Risks. "The decision briefs are written in clear, understandable language designed to offer those nearing retirement access to expert insight and practical considerations on a variety of topics."
The briefs range in topic from when to retire to finding trustworthy financial advice
and avoiding retirement pitfalls. Other topics address designing a monthly paycheck, long-term care insurance
and estate planning.
"Actuaries are uniquely trained and qualified to take a broad, holistic view of risk and determine its financial impact," said Joe Tomlinson, actuary and Certified Financial Planner, who served as the lead volunteer developing the decision briefs series over the past two years. "We hope the insight offered in the briefs is beneficial to the financial planner community which provides important help to individuals planning for a secure retirement."
The Society of Actuaries is an education, research and professional organization dedicated to serving the public, its members and its candidates. Its mission is to advance actuarial knowledge and to enhance the ability of actuaries to provide expert advice and relevant solutions for financial, business and societal problems.
Originally published on BenefitsPro.com