Managing Retirement Assets for Longevity with the Bucket Strategy

Posted by Brian Glazer

December 12, 2018 at 1:30 PM

As more and more of your baby-boomer clients enter retirement and start drawing down the assets you’ve helped them accumulate, how can you effectively service their distributions? Arguably, one of the best methods for managing retirement assets for longevity is the bucket strategy. In addition to strategically investing your clients’ assets for different time frames and needs, this approach can help reduce your clients’ fears about outliving their savings.

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Topics: Retirement Income Planning

4 Steps to Guide Your Clients into Retirement

Posted by Mike Baum

December 11, 2018 at 10:00 AM

According to CNBC, 10,000 baby boomers reach retirement age each day. As such, you are likely seeing large portions of your client base transitioning into the retirement distribution phase. Their assets in defined contribution plans will need to be rolled over and managed by a competent professional. Considering the tremendous wealth held in retirement plans (and the fact that boomers number more than 70 million), this represents a significant opportunity for you.

To help you seize this opportunity, here we’ll discuss four steps to guide your clients into retirement. By developing a solid retirement income planning process, you’ll help your clients make their money last and establish yourself as a go-to retirement resource.

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Topics: Retirement Income Planning

Conducting a POA Checkup: The Advisor’s Role

Posted by Anna Hays

December 5, 2018 at 1:30 PM

What do cars, doctors’ offices, and hair salons have in common? Each one reminds you when it’s time for a checkup. Powers of attorney (POAs), on the other hand, do not have dashboard lights, nor do they send texts. Conducting a POA checkup is generally up to the advisor, as clients don’t usually think to do so on their own.

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Topics: Estate Planning

Pushing 100: Tips for Addressing Longevity Risk with Clients

Posted by Justin C. Duft, JD, CFP, CLU, ChFC, CLTC

December 4, 2018 at 10:00 AM

Even today, living to age 100 is considered an impressive accomplishment. But it isn’t as rare as it used to be, thanks to the efforts of those in the medical research field. In fact, according to an article published on last year, Dutch scientists believe that life expectancy will increase to an astonishing 125 years by 2070! While this may be welcome news to many, it has created new pressures for the financial planning community to help clients prepare for retirement income needs that go past the long-accepted mark of age 90.

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Topics: Retirement Income Planning, Estate Planning

Measure Your Business Success with 3 Crucial KPIs

Posted by John Reid

November 28, 2018 at 1:30 PM

Advisors who develop a business plan are more likely to realize success—that is, if they revisit their plans and hold themselves accountable. As your firm grows, your vision for your business may change significantly, meaning your business plan will need to change, too. But a plan shouldn’t be reactive; it should help you lead the change you want to see as your firm develops—and that means it will require regular review.

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Topics: Practice Management

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