SCHAUMBURG, Ill., March 15, 2012 /PRNewswire-USNewswire/ -- Retirement planning is a complex exercise requiring careful consideration of a variety of issues, including when to retire, where to live and how to obtain trustworthy financial advice. The Society of Actuaries (SOA) recently examined the major decisions encountered in retirement and published the Managing Retirement Decisions series to educate people nearing retirement and provide useful information to professionals who work with clients approaching retirement.
"There are a number of decisions and risks associated with retirement planning and saving, including having adequate resources and timing of Social Security benefits," explains Anna Rappaport, FSA, actuary and chair of the SOA's Committee on Post-Retirement Needs and Risks. "The decision briefs are written in clear, understandable language designed to offer those nearing retirement access to expert insight and practical considerations on a variety of topics."
Drawing upon the expertise of prominent retirement professionals, the briefs address a variety of retirement topics ranging from when to retire to finding trustworthy financial advice and avoiding pitfalls. Additional topics addressed include designing a monthly paycheck, long-term care insurance and estate planning.
"Actuaries are uniquely trained and qualified to take a broad, holistic view of risk and determine its financial impact," comments Joe Tomlinson, FSA, actuary and Certified Financial Planner, who served as the lead volunteer developing the decision briefs series over the past two years. "We hope the insight offered in the briefs is beneficial to the financial planner community which provides important help to individuals planning for a secure retirement."
To read the full series, visit http://www.soa.org/research/research-projects/pension/research-managing-retirement-decisions.aspx.
Actuaries bring a complex future into focus by applying unique insight to risk and opportunity. Known for their comprehensive approach, actuaries enable smart, more confident decisions.
About the Society of Actuaries
The Society of Actuaries is an education, research and professional organization dedicated to serving the public, its members and its candidates. The SOA's mission is to advance actuarial knowledge and to enhance the ability of actuaries to provide expert advice and relevant solutions for financial, business and societal problems. The SOA's vision is for actuaries to be the leading professionals in the measurement and management of risk. For additional information, visit http://www.soa.org.
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SOURCE Society of Actuaries