People are living longer than ever before.

Over the last 40 years, the average life expectancy has increased by more than 10 years. In fact, statistics show that for a 65-year old couple, there’s an almost 20%¹ chance that one of them will live to age 95. This is all good news, however, the implication for today’s retirees is that they need to plan carefully with the future in mind.

^{1 Source: http://www.oecd.org/newsroom/healthier-lifestyles-and-better-health-policies-drive-life-expectancy-gains.htm (October 2017) 2 Source: RP-2000 Mortality Table, Society of Actuaries}

The traditional pension is going away.

Today’s investors are facing retirement income planning challenges that simply didn’t exist 20 or 30 years ago. Unlike previous generations who had the luxury of having their retirement funded by guarantees made by employers and/or the government, the assets you’ve accumulated in your 401(k) or Individual Retirement Account (IRA) could be your most important source of retirement income.