Introduction

THE PATH TO a healthy retirement nest egg has changed. Traditional buy-and-hold strategies that emphasize the return on your investments don’t cut it anymore. Picking winners among blue-chip stocks or relying on high-interest bonds to generate enough money to last through retirement no longer carry the income guarantee they did in past generations.

Factor in today’s global interdependent marketplace, our longer life spans, low interest rates, and extreme volatility in the markets, and without a shift in your approach to investing and saving, you very likely could run out of money in your lifetime.

Reliability of income—the “New ROI”—is what matters today. Retirement portfolios need to be managed using an investment strategy that’s ...

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