Most wealthy investors have not yet set up a system for receiving a regular income from their investments following retirement, a study finds.[@@]
Yet 68% agree that it’s important to set up a reliable income stream for their senior years, according to the study by the Sprectrem Group Inc., Chicago, a consulting firm.
Spectrem found 52% of affluent investors have not established the means for producing a regular flow of cash to support their retirement.
Of those who said they have such an income stream, 43% could not identify the type of investment.