Financial planner: Maximizing lifetime income extremely important

Financial planner John Pak said that he wants clients to understand how important it is to maximize lifetime income sources such as income annuities, Social Security and pensions. "Another important step is to figure out how much income you'll need in retirement to satisfy expenses and what sources of income, if any, you can rely on to complement Social Security benefits," he said.

InsuranceNewsNet online (8/15)