SunGard has released MyRetirement, an analytic tool that helps advisors answer the often elusive yet crucial question many clients ask – “How much can I safely spend during retirement?” – by helping clients achieve a sustainable withdrawal rate. MyRetirement helps advisors clearly communicate the tradeoffs between clients’ chosen investments, establish confidence levels in meeting […]
Retirement funds are being used increasingly for anything but retirement. Instead, 401(k)’s and individual retirement accounts are becoming money pots used to invest in business start-ups, speculate in gold and buy private equity investments. Such maneuvers come with big tax advantages. But they may also leave their users penniless in retirement, while their ability to […]
Younger Americans in their late 30s are now the group most likely to doubt they will be financially secure after retirement, a major shift from three years ago when baby boomers nearing retirement age expressed the greatest worry. The survey findings by the Pew Research Center, released Monday, reflect the impact of a weak economic […]
Even if the nest egg is so huge it takes multiple lifetimes to spend it down, advisors need to take the IRA and 401(k) accounts seriously. Most American families could probably live well on the income from $3 million and never have to work again, but that barely keeps the lights on for the truly […]
If you missed the Trust Advisor’s mid-summer webinar, “Opportunities for Purchasing Retirement Income Streams for High-Wealth Clients,” you’re in luck. The entire 60-minute program is now available for immediate download.
Baby Boom clients still require active investment advice in the new retirement landscape. The challenges they face today still represent huge opportunities for advisors willing to work longer and harder. Now that Baby Boomers are hitting retirement age at the rate of 10,000 people a day, the moment the industry pundits promised us a decade […]
It turns out that contrary to novelist F. Scott Fitzgerald’s observation that “the rich are different from you and me” the affluent and the middle-class share a few of the same concerns about their future retirement. Not the least of which is the age when they can afford to retire. A new survey published by Wells Fargo […]