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Decumulation Phase

The period during which accumulated assets are drawn upon to fund retirement or other income requirements.

Veritat Offers Comprehensive, Fee-Only Financial Planning Services that are Affordable and Scalable

Veritat is a start-up seeking to leverage process and technology innovation to scale a business model that is typically saddled with persistent and burdensome variable costs.  If successful, Veritat will be able to deliver premium services to a mass audience.

As a registered investment advisor (RIA) that adheres to the fiduciary standard, Veritat provides comprehensive financial planning services through financial advisors who are employed by the company and share a common sense of mission.

Why Buy an Annuity

A handful of very large, powerful trends are currently shaping the retirement income landscape:

Dramatic Changes in Retirement Landscape

The picture for near and current retirees has changed 180 degrees in the past couple of years.

Questions such as where to retire and what do do during retirement are replaced with whether to retire and how to make sure one does not run out of money during retirement.

Working longer, waiting to draw on Social Security, and understanding longevity risk are front and center for the vast majority of retirees.

Decumulation or drawing sustainable income from accumulated financial assets is one of the major challenges and opportunities in personal finance:

Financial Crisis Will be Seen Fundamentally as a Crisis for Retirees and Near Retirees

Professor James Galbraith provided a keynote address at a recent industry conference sponsored by NAVA—the Association for Insured Retirement Solutions. 

Professor Galbraith comes from the Economics department at the LBJ School of Public Affairs at the University of Texas at Austin.  A Keynesian and an author most recently of The Predator State, Professor Galbraith has been a consistently strong and vocal advocate of government stimulus and intervention in response to the financial crisis.

Retirement Sustainability
Retirement Income Industry Association Spring Conference 2012

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