New Book Focuses on the Need for Retirement Income Planning

Aug. 23, 2008 - PRLog -- Washington, PA – One of the most prevailing issues today, especially for those who are heading into retirement, is that of creating and properly allocating assets for the needs of retirement income.  As people approach their late 50’s and early 60’s, they generally start to think about their future retirement income needs.  With uncertainty over Social Security and the dwindling of benefits from employer provided pension plans, it is becoming increasingly evident that each individual will have more responsibility for their own financial future.

Retirement today is nothing like it was many years ago.  Times have changed.  People are living much longer.  They are healthier, which allows them to lead more active lives.  They are seeking a dramatically different retirement than that of their parents. Unfortunately, many people are reaching retirement age with insufficient savings.  They are finding that the savings in their 401(k) or other retirement account is not enough to provide for the kind of retirement they are dreaming of.  

Due to the current environment of our aging population, focus has centered on the need for retirement income planning.  Most people expect to receive retirement income from Social Security, a defined benefit pension plan and personal savings, which includes other investment accounts such as a 401(k) plan or other similar defined contribution plan.  However, fewer and fewer retirees can count on income from defined benefit pension plans.  Most employees are now responsible for their own financial security.  
 
In order to fully enjoy a quality retirement, people may find that they are in search of ways to provide more money for their retirement. More Money for Retirement Right Now: Unlock the Equity in Your Assets, Create Immediate Income and Live a Richer Life  (Griffith, 2008, ISBN 0978550641) is a new book for those who want to take control of their financial situation- to maximize their financial resources - to provide for their own financial security and independence.

According to author and Certified Financial Planner practitioner Bill Griffith, Jr., CFP, "Many people believe they have to reduce their standard of living based on the income they receive from Social Security and from their retirement accounts. By unlocking the equity you have in your hidden assets, you can free up cash to build more wealth, create immediate income or take advantage of other opportunities.”  “Using your existing assets and investment portfolio, you can supplement your income from Social Security, a pension plan or investments.  “Most importantly, you can provide financial stability in the event of a long-term illness or nursing home stay and ensure that you will not outlive your savings,” Griffith says.  

Mr. Griffith is principal of W.E. Griffith & Associates, LLC, a wealth management firm in Washington, Pennsylvania where he has been providing specialized strategies and services for ensuring long-term financial security and independence for many years.  He specializes in designing income strategies that seek to provide predictable and sustainable retirement income.

Mr. Griffith has written numerous articles about various topics relevant to retirement planning and investment planning.  He is the author of Securing a Retirement Income for Life: Strategies for Managing, Protecting and Preserving Your Wealth (Griffith, 2006, ISBN 0978550609), which is frequently on the bestseller list.  

For information: http://www.wegriffith.com or
Contact: bill@wegriffith.com
Phone:     724-228-3440

# # #

W.E. Griffith & Associates, LLC provides comprehensive fee-based wealth management and financial planning services to individuals, families, professionals, business owners and retirees. Specializing in Retirement Income and Distribution Planning.