ZIRP Has Eliminated Income; Sorry Old People

An excerpt spotted:

This week’s Consuelo Mack WealthTrack guides you through “The New Retirement Conversation”…With traditional pension funds rapidly disappearing, what are the new building blocks for a secure retirement? Personal finance experts Mary Beth Franklin, Contributing Editor, InvestmentNews, and Kim Lankford, Contributing Editor, Kiplinger’s Personal Finance, discuss the essentials. As Franklin puts it, the old three-legged model of social security, a pension plan and savings is now a “pogo stick!” They will explain why and what needs to replace it. Lankford says, “One of the biggest challenges that people are having, is to take all that money they’ve been accumulating for years and years…and translate that into income that will last for their lifetime.”

Income is gone people. The central planners took it away. Zero interest rate policy is standard operating procedure. Worse yet? What will you do when the next black swan hits?

Michael Covel has a solution.

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