Alliance For Lifetime Income Launches M.U.G. Initiative
March 11, 2020 by FA Staff
The Alliance for Lifetime Income is renewing its sponsorship of the Rolling Stones for 2020. But this year it is also launching a new initiative that zeroes in on spending in retirement.
Called “M.U.G.,” for mortgages, groceries and utilities, it is designed to focus on essential expenses facing retirees. “Retirement income planning is the future for the financial advice industry and yet can be one of the most daunting challenges for advisors and their clients,” says Steve Gresham, senior education advisor to the alliance and chairman of Whealthcare Planning LLC.
Gresham believes financial advisors should begin retirement planning conversations by getting clients to focus on what is their monthly spending nut. In his view, the industry has devoted a surfeit of energy to help Americans accumulate serious sums of wealth while paying little attention to how they will spend it.