A financial expert that specialises in retirement income planning is referred to as a Retirement Income Certified Professional (RICP).
*A Retirement Income Certified Professional (RICP) is a financial specialist who assist people nearing retirement age or who are retired build a plan to ensure that their income needs are satisfied for the duration of their retirement, which can be anywhere from 20 to 30 years.
*When regular withdrawals are made during the first few years of retirement, negative returns might hurt a portfolio.
*Now, a RICPs practice may appeal to a bigger and rising population segment. Not only are there millions of people on the verge of retirement, but many of them are woefully underfunded and unprepared.