Rethinking Retirement Planning: Annuities and Insights from Dr. Moshe Milevsky

As we approach Annuity Awareness Month in June, I am excited to share a remarkable interview with Dr. Moshe Milevsky, a name that has significantly influenced my understanding of retirement planning.

I first encountered Dr. Milevsky at a seminar in the United States several years ago and his insights have since become a cornerstone of my approach to retirement planning strategies for my clients.

Dr. Milevsky stands out not as a sales trainer or a financial planner, but as a distinguished university professor renowned for his expertise in financial products and retirement planning.

Through his books and papers, I have come to understand the critical risks associated with longevity and the essential role that annuities play in a secure retirement.

In a recent interview, Dr. Milevsky shared valuable perspectives that I believe are important to highlight:

FELDMAN: What do you think is the most dangerous thing for retirees right now? Is it the tax increase we will need to cover our government’s expenses, or will it be inflation or will it be the stock market?

MILEVSKY: One of the things I find is this misperception that retirement is all about being scared.

 “Oh, I’m retired now! What should I be scared about?”

Or you read about retirement guidance and it’s all about the things to worry about.

There are some great things about being retired. You have more time on your hands to do things that you enjoy. You get to spend time with family and loved ones. You no longer have the work stress.

These all are great things, but you have to rely on your nest egg and your accumulated savings to finance those years. When you are relying on a nest egg of accumulated savings, a 401(k), an individual retirement account, a 403(b) to supplement or even replace the salary that you no longer have, there are a number of things you should concern yourself with. It’s not so much the nest egg you have to take into account as it is navigating 20 or 30 years in retirement.

But we don’t want to give people a message like, “You’re retired now, so it’s time to worry.”

In the same interview, Dr. Milevsky also discussed the innovative concept of planning according to biological age rather than chronological age, a forward-thinking idea that I believe will become increasingly important in retirement planning.

This approach emphasizes tailoring financial strategies to an individual’s health and life expectancy rather than their calendar age, offering a more personalized and effective way to prepare for the future.

When it comes to financial planning in retirement, one of the challenges is asset allocation. Many clients tend to keep a large portion of their assets in cash, seeking a sense of security. However, this approach can paradoxically lead to greater dissatisfaction. Cash assets demand constant management and vigilance. If retirees are too conservative with their investments, they risk losing purchasing power due to inflation. Conversely, if they adopt an overly aggressive stance, they might face the peril of losing their capital to market fluctuations.

Dr. Moshe Milevsky has been instrumental in helping me shift my perspective on this issue. He emphasizes the significance of prioritizing income over assets in retirement planning. This shift in perspective has enabled me to better educate my clients as I frequently emphasize the critical nature of establishing a reliable income stream. This is where annuities become integral components in their retirement income planning.

Annuities can provide a steady income, enabling retirees to spend confidently and avoid the pitfall of underspending.

To further explore this essential aspect of retirement planning, I will be conducting a series of webinars on annuity planning. These sessions will explore into three phases of retirement and the different types of annuities.

I invite you to join me in these webinars to gain insights into Financial Peace of Mind: The Role of Annuities in Retirement. Click Here to sign up for the webinars.

Upcoming Webinar:
Financial Peace of Mind: The Role of Annuities in Retirement

Click here to register for the webinar


If you want to know more about Retirement Planning or any other enquiries, you may contact me through whatsapp, schedule an appointment with me or fill up the form below and I will get back to you as soon as possible.


Lee Meng 李萌
Executive Financial Services Consultant

RNF No. LMX200165625
B. Business (Banking & Finance), FChFP, AFC


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