Rethinking The Retirement Gameplan
We at KCS have been contemplating new approaches to the management of retirement assets since our founding in August 2011. We’ve shared many of these thoughts with you through a variety of means, including our monthly Fireside Chat series, which we hope you’ve found educational.
In this month’s addition, we begin to introduce annuities into the conversation. With the demise of DB plans comes the need to create a monthly cash flow for retirees. Annuities are certainly an effective way to accomplish this objective. However, they come in a confusing array of choices and in some cases, steep costs. We believe that sponsors, both DB and DC, as well as anyone hoping to retire at some point will benefit from this article.
As usual, please don’t hesitate to reach out to us if we can clarify any point raised in this piece or if we can be of any service to you.
