46 • RU BY, WILD ING & SWANSBURG In this reverse return scenario, not only would you not run out of money, but also your account would have nearly $ 1 .5 million left at the end of those twenty one years. m th a e k w N e. a o Y y w o s u a y v o c e a u r n s s a e t l h e s o o w u u h g n h a d t t e a a r b s d o t i a u ff n t e d t r h e w e n i h c r y e I R t s h e A e q s u e a e a n n r d l c y e 4 2 0 o 0 1 f 0 ( r k 0 e ) s t s u c . rhnasn gceadn Long-Game Income Tg uhaer aenx tpeeersi eonfc ea s p oe fn st ihoen . 2400010(sk )l se f at nad l IoRt Aosf huasd mt rias ns isnf eg r rt eh de tshaeverriss.k and responsibility of a long game retirement to us And, that meant, to play the long game with income, savers now had to address three risks: • Longevity risk, or needing income to last a long time in retirement • Sequence-of-returns risk , or needing to grow funds steadily when market returns are unsteady • Point-in-time risk , or the ability to retire when yisouupwoarndto, wwinthout concern for whether the market Many of us have seen the shortcomings of our 401(k)s ai nncdo mI ReA s .t Wo e bsee e ot huer d irseasdpvoannstiabgi lei st yo, f hnaovt i n go ut hr a telmo npgl ogyaemr ’ es responsibility. This has led many savers to incorporate annuities into tyhoeui r craent ’i tr eomu et lni vt es —t r ar teeggai re ds ,l ews hs i cohf cwa hn adt e li isv ehra lpi fpeet ni mi neg i ni nc o tmh ee world around you.
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