We Need to Make it Easier for Retirees to Figure Out How to Invest—and Spend—Their Savings

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The decumulation phase of retirement planning is in need of some innovation, says one financial adviser

Jonathan I. Shenkman is president of Shenkman Wealth Management in New York

Major strides have been made for the accumulation phase of retirement planning. Mechanisms like automatic enrollment into company 401 plans, automated escalation of contributions, and default investment options have made it more seamless for investors to develop a sizable nest egg going into retirement.

 

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