I recently interviewed an experienced financial planner to discuss how financial planning and the advice people need has changed in The New Normal. George: What was your work like when you first came into the Financial Services industry? Financial Planner: It used to be so much simpler in the Old Normal when the norm for my clients was to predictably…
The data is in, and it isn’t pretty. The vast majority of people over 50 don’t have sufficient retirement savings. On top of that, they don’t have enough time left to save their way out of trouble. Building enduring income streams is clearly a smart answer, as finance reporter Abby Hayes wrote in a recent piece called “4 Ways to…
“Should You Save Enough to Live to 100?” Liz Weston, writing in NerdWallet, recently posed this question. “First,” she wrote, “you were supposed to die at 85. Then 90. Now 95 and even 100 are common defaults when financial planners tell people how much to save for retirement. Except that’s nuts. In the U.S., the typical man at age 65…
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