The goal of retirement is to live off your assets-not on them

Our fund is ideal for someone four to five years away from retirement and currently in a high-income tax bracket. It gives them cash flow for about four years with very little tax effect. Then, when the depreciation runs out, it comes at a time when they've retired and fallen into a lower tax bracket anyway.

Savings is an important habit. Ideally, I say, we should save 15 percent of income. Ten percent for retirement and 5 percent for other things.

Many of us are on a fixed retirement income, but the city keeps throwing these taxes at the homeowners. I think they have too many things on their plate right now, so I definitely will not support this unless they change the tax structure.

Some financial planners are planning for 95 or 100 percent of your income today is what you'll need during retirement. There are a bunch of calculations online, but they all use different assumptions. You can come up with these figures, but they may not be right.

As the baby boomers age, the issue of retirement income security will be paramount for this growing sector. Our products are specifically designed to meet post-retirement savings needs.