Much of the conversation about the later years in life focuses on the “retirement crisis”; in fact, nearly 70 percent of working-age adults do not participate in an employer-sponsored plan, according to a 2015 study by the Schwartz Center for Eco...
With baby boomers and the silent generation making up an average 71 percent of an advisor’s client base, most clients are either in retirement or coming up on it. This means retirement planning support will be even more important to advisors.
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Retirees will need to amass small fortunes to pay for their health care, with lifetime forecasts typically ranging from $150,000 to $400,000. Yet advisors say they’ve had substantive conversations about senior health and elder care with less than...
