Expert Retirement and Financial Advisor Mark Kinney Says the Greatest Risk to Retirement Funds Could be Underestimating Longevity Risk
Seasoned retirement and financial strategist Mark Kinney discusses the importance of importance of planning past your expected lifespan to insure that you are adequately prepared for retirement.
Lee, Massachusetts—April 25, 2016—Founding partner of Toole, Kinney & Company, Inc., Mark Kinney, CFP®, posted a new blog entry entitled, “The Greatest Risk to Your Retirement Might Not Be a Financial One…” In the post, he encourages retirees, and those planning for retirement, to recalibrate their retirement plans to account for longer life expectancies, on average.
Kinney writes, “In your retirement planning, longevity risk is an unknown factor. My experience has shown the only way to prepare for an unknown is to do just that… prepare. That being said, the only way to truly prepare adequately for your retirement is to establish an income that you cannot out live. Doing so will insure that you’re not only ready for whatever life has in store for you, but that your income will be as well…regardless of your eventual lifespan.”
The entire article can be found HERE http://www.kinneywealth.com/the-greatest-risk-to-your-retirement-might-not-be-a-financial-one/
About Mark Kinney:
Mark D. Kinney, CFP®, has been advising clients for close to 30 years on how to maximize their retirement income in a sustainable, repeatable, and verifiable manner, while minimizing risk exposure to the daily turbulent financial markets. His keen insights into conservative and income generating investment options have been invaluable to those approaching or currently in retirement. In addition to his decades of experience and financial know-how, he’s held Series 7 and 63 FINRA Securities registrations for over 25 years, holds several insurance licenses, and has held the Certified Financial Planner ™ (CFP®) designation in good standing for 20 years.
After successful careers with a number of reputable financial institutions, Kinney established Toole, Kinney, & Co., Inc., in 1999. Kinney has been cited on such national news outlets and financial publications as CNN.com, Fox Business, NBC, Wall Street Select, and The Miami Herald. He remains active in several area charities, has participated in several marathons, including the Boston Marathon in 2013 and 2014, enjoys all activities outdoors, and currently lives in Stockbridge, Massachusetts.