The Wall Street Journal Names Retiree Income 'Favorite' Income-Planning Tool

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Date: Jan. 21, 2015
From: Marketwired
Publisher: Marketwire L.P., by its general partner Marketwire Canada Limited
Document Type: Article
Length: 439 words
Content Level: (Level 5)
Lexile Measure: 1660L

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The Wall Street Journal, arguably the nation's top consumer finance publication, has named Retiree Income ( as its "favorite income-planning tool" in a featured article on the best online tools for retirement planning and living.

With an estimated 10,000 baby boomers retiring every day, ensuring that savings and assets last as long as possible is an overwhelming need for most Americans in the face of increased longevity. The Wall Street Journal specifically points to Retiree Income's ability to combine income and tax planning as a reason for its "favorite" status, an innovation that sets the offering apart and which the paper notes "not all such tools address."

Retiree Income's technology is fueled by Retirement Benchmark[TM], software designed to combine and analyze all of the individual's assets and then recommend an optimal withdraw strategy. It is the latest in a long line of innovation from William Meyer, founder and CEO of Social Security Solutions, Inc. ( and Dr. William Reichenstein, professor of investments at Baylor University as well as head of research for the company.

"Our research has shown that an optimal Social Security strategy, combined with tax-efficient withdrawals, can extend the life of a portfolio by as much as 10 years or longer," the paper quotes Professor Reichenstein as saying.

Conventional wisdom dictates that retirees maximize income and minimize taxes by withdrawing assets from their taxable accounts first, their tax-deferred accounts (e.g., traditional IRA, 401(k)) second and their tax-exempt accounts (such as a Roth IRA) third. The appropriate manner in which to withdraw assets in many instances is actually tax-deferred income first, taxable income second and tax-exempt income last, something Retirement Benchmark[TM] is specifically designed to identify.

"A tax-efficient withdrawal strategy must include all of the retiree's assets," Meyers separately adds. "Too often and for a variety of reasons, major sources of retirement income such as Social Security are left out, and savings will therefore not last as long as they otherwise could -- period."

Meyer and Reichenstein are frequently published experts on retirement income strategies, as well as the most published experts on optimizing Social Security benefits. They've been featured in leading consumer and industry publications such as The Wall Street Journal, Fortune Magazine, Morningstar, Kiplinger, and more.

Headquartered in Leawood, KS, Retiree Income ( delivers advice and education about tax-efficient retirement income withdrawal strategies to consumers. Retiree Income leverages its expertise, research and technology to help clients determine the best strategy for receiving their retirement income that is in line with their overall retirement goals.

If you would like more information about Retiree Income and its services, please contact Melissa Crum at 847-910-4193 or email at

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Gale Document Number: GALE|A571336705