Our daily roundup of retirement news your clients may be thinking about.
Financial terms retirees often misunderstand Retirement planning can be confusing as people find a lot of financial terms hard to understand, according to this article in The Wall Street Journal. Several experts identify some of these concepts whose meanings get complicated as people approach retirement. Many retirees struggle to fully understand the term sustainable withdrawal rate," says William Reichenstein, a professor at Baylor University and chief of research at www.socialsecuritysolutions.com. "Average tax rates" and "marginal tax rates"other terms explored in this articleare also examples of terms your clients need to understand. --The Wall Street Journal
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