Retirement is naturally a time of transition. Not only are clients saying goodbye to workplace friends and colleagues, they’re learning to manage on a fixed income.
You’ve heard about the best-laid plans of mice and men? Well, when it comes to retirement planning, unforeseen expenses can have a devastating effect on your clients’ long-term security. This month’s global view highlights four things that can derail even the best-laid retirement plans, along with advice on how to plan for the unexpected.
Clients sometimes have a difficult time wrapping their heads around just how much money they’re going to need in retirement and (more to the point) how they’re going to manage to save such a sizeable sum. But when they labour under common misconceptions or refuse to take a clear-eyed look at their individual financial situation, they may struggle to achieve their “dream retirement.”
Accumulating a hefty retirement fund isn’t a piece of cake in today’s world. But as this month’s round-up makes clear, sometimes clients are their own worst enemies. Read on for a look at behavioural tendencies and other factors that can endanger retirement plans.
“Nothing is certain but death and taxes.” That old saying – initially attributed to Benjamin Franklin – is truer than ever. But perhaps even worse than the prospect of death, in some clients’ minds, is the prospect of running out of money before getting there. Read on for a global perspective to help your clients ensure that their retirement stash lasts.
Few of us aim to starve in our 30s only to splurge in our golden years, or vice versa. How much to save and spend is the eternal question successive generations of retirees ask.
Falling oil prices. Political unrest. The debt crisis in Europe. The world looks like a scary place right now for retirees who rely on their investment earnings. Read on for our pick of articles that might help you cope.
A venture gone wrong leaves this Vancouver couple risk-averse about investing. They’re now clinging to GICs.
When clients transition from their “saving years” to having to live off their assets, they face a number of new risks. Primary among them is longevity risk – the possibility that their earnings won’t sustain their spending and they will outlive their assets.
The untimely death of one woman’s husband leaves this widow wondering if a comfortable retirement is out of reach.