The Markets and Your Retirement
After the recession, Americans are resetting their plans for life after work.
The recession has "created an opportunity for individuals to get back in touch with what matters most, and to rethink their personal vision for retirement," says Andy Sieg, Head of Retirement & Philanthropic Services for Bank of America Merrill Lynch. It has also motivated many individuals to review their current retirement-planning strategies.
In this in-depth discussion with Joe Zidle, Global Wealth Management Strategist for BofA Merrill Lynch Global Research, Sieg addresses such key questions as whether there can be risk in being too risk averse, how to implement income distribution strategies in retirement, the power of diversification and the importance of starting early.