Incorporating long-term planning to account for higher spending after age 80 can help clients retire with the quality of life they deserve while ensuring they don’t run out of money.
Learning from the lessons of 2020 and taking action to improve their retirement planning should be a key focus for advisers in 2021.
Encouraging clients to stay invested through the worst and best days is the most likely to result in a successful retirement outcome
It's critical that advisers educate clients about the benefits and trade-offs related to claiming Social Security at various ages.
Working with clients to clearly define their priorities is a fundamental first step toward structuring a portfolio strategy.
