October 02, 2012
--- A book was
written to help plan sponsors educate workers about how to generate lifetime
income in retirement. ---
“Money for Life: Turn your IRA and 401(k) Into a Lifetime
Retirement Paycheck” outlines specific action steps, paired with illustrations
and graphs, and features three methods for generating retirement income from
retirement savings, explaining the pros and cons, the varieties and
The book also includes:
Money for LIFE retirement income rating system, a step-by-step process
that guides readers to the retirement income solution that is best for
Retirement Income Scorecard, which helps people compare how much
retirement income they will receive under various income-generating
checklist of considerations for working with financial advisers.
“With the decline of traditional defined benefit pension
plans and the rise of self-directed retirement plans, including 401(k) plans,
addressing these retirement dilemmas is one of the most important challenges
facing employers, individuals and the entire retirement industry today,” said
Steve Vernon, the book’s author and president of retirement education
consulting firm Rest-of-Life Communications.
Plan sponsors who are interested in incorporating Money for
Life as part of their retirement education and planning programs should visit www.restoflife.com.