Last week, the Dow Jones industrial average closed above 13,000 — its highest point since December 2007. This looks like good retirement planning news for those of us who are trying to figure out how best to finance our retirements with income from investments.
In light of last week’s news, Black Rock, the largest asset-management company in the U.S., offered these five suggestions for maximizing retirement income.
Expand your investment horizons. According to a United Nations population survey, a 65-year-old couple in the U.S. has a 50 percent chance that one of them will live to age 92 and a 25 percent chance that one of them will reach age 97.