Abstract
Shortcomings of conventional retirement advice planning models are discussed. The impact of an expectations gap between the investor, the adviser and the product manufacturer is examined, and how baby boomers will drive financial advice from being supply driven to demand driven. Whether a more holistic, objectives-based approach to portfolio construction would better address baby boomer clients’ needs is considered and its benefits for advisers are explained. The important role of product providers in providing the vehicles to facilitate the execution of a variety of post-retirement strategies is stressed.
This White Paper, although set in Australian context, is also relevant for New Zealand advisers providing retirement advice to clients.
Access fee
- Non-subscribers - $40 for three-month access
- Full Radar subscribers – free
Abstract
Advisers can spend years working with clients to craft an appropriate retirement plan that falls apart once the client enters retirement. While advisers don’t control the markets or their clients’ lives, they can help make clients aware of the pitfalls they face post-work. The most common reasons for failure in retirement are outlined, and examples from advisers' clients are used to illustrate and provide context.
Access fee
- Non-subscribers - $40 for three-month access
- Full Radar subscribers – free
How to have a happy retirement life is a problem everyone faces. The meaning of retirement has also changed due to longevity. More people now prefer a ‘flexible retirement’ rather than the traditional ‘full-stop’ at 65. From various studies and surveys, nine key factors for a happy retirement are identified. A few books are suggested for additional reading for those interested in gaining more insights into retirement. Although the article is set in American context, the principles apply equally to anyone planning for a happy retirement.Abstract
Access fee
Abstract
Traditionally advisers helping clients plan for their retirement years, make the assumption that clients need to accumulate sufficient funds to maintain a stable standard of living through their retirement. However, new research suggests that retirees spending actually tends to decline in real terms across their retirement. Some of this research is considered and what it means for advisers when developing retirement plans for clients is explained.
Access fee
- Non-subscribers - $40 for three-month access
- Full Radar subscribers – free
To investigate two types of dynamic asset allocation strategies, predetermined equity glide paths and valuation-based asset allocation, for retirees using U.S. historical data. (0.7 hours)