Consuelo Mack recently interviewed financial professionals on the topic of " Maximizing Retirement Income."  The discussion revolved around annuities and the new "income replacement" funds offered through several mutual fund companies.   Here's the WealthTrack transcript:

CONSUELO MACK: This week on WealthTrack, the challenge of investing during retirement to make sure your money doesn't run out, with award-winning financial planner Lou Stanasolovich, Kiplinger's nest egg expander Mary Beth Franklin, and MassMutual's lifetime income guarantor Steve Deschenes. Next on Consuelo Mack WealthTrack.
 Hello, and welcome to this edition of WealthTrack. I'm Consuelo Mack. The vanguard of the record 78 million strong baby boom generation turned 62 this year, and are eligible for social security benefits. When the first boomer drew a benefit check in February, the Social Security Administration described it as the start of America's silver tsunami. This surge and the financial challenges it presents are on the minds of an increasing number of Americans, as well as the financial services industry, which is trying the come up with new and flexible ways to meet retirees income needs.