As the Baby Boom generation ages, advisors increasingly will be working with clients in the distribution stage of their portfolios. Advising on IRA distributions can be more challenging than advising on accumulation.

If clients save substantial amounts, invest in a well-diversified portfolio, and focus on tax-advantaged accounts, accumulation success may be obtained.

It’s important to identify the myths of income planning, which are roadblocks to your financial success.

Social Security
Myth: “Social Security starts at age 62!”
The Truth: That’s true – now. But that doesn't mean the federal government won’t one day raise the minimum age – or reduce benefits for people at specific income levels.