This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.
Retirement is a lot more complicated than it used to be.
The popularity of 401(k) savings plans has turned millions of Americans into their own pension plan managers. Retirees must find suitable investments in an era of record-low rates and frothy markets. They must spend down their assets in a tax-efficient manner. And of this while making sure that they don’t run out of money in a retirement that can last 30 years or more.