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Most Gains Come After Retirement.
- Article from:
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Bank Investment Consultant
- Article date:
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July 1, 2008
- Author:
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Investment returns earned during retirement play a critical role in providing retirement income, Russell Investments claims in its 10/30/60 Rule report, issued on May 27. The report challenges conventional wisdom that most retirement income is derived from savings and returns accumulated during a client's working life.
The report's authors, Matt Smith and Bob Collie, directors of retirement services and investment strategy, respectively, built their study on a 19-year-old report by Don Ezra, Russell's director of investment strategy at that time. Ezra concluded then that in any defined benefit pension plan, the largest part of the investment return accrues at the payout ...