Why Retirees Should at Least Consider a Financial Adviser

Even those who think they have their retirement planning in hand can use someone to keep them from making a costly mistake in this Wall Street Journal article by Glenn Ruffenach

Read the full article on Wall Street Journal

How to Avoid Overspending in Retirement

by Securities America

With the recent challenges in the U.S. economy, particularly in the housing and financial sectors, many pre-retirees are concerned their nest eggs won’t be enough to maintain a comfortable retirement.
Despite that concern, many Americans within sight of retirement have expectations that don’t match their actions or reality.

  • 43 percent of Americans have less than $10,000 saved for retirement.
  • 59 percent expect to receive a pension but only 41 percent can actually
    identify a pension to which they are entitled.
  • Pre-retirees (age 50-59) expect to live about 21 years after retirement and
    plan to spend almost 10 percent of their savings in each of those years.
  • 80 percent expect their standard of living to rise in retirement.
  • 47 percent of retirees have a written withdrawal plan and only 28 percent have a written budget for spending during retirement.
  • 49 percent of Americans are somewhat or very confident they have enough money to live comfortably throughout their retirement years.

Read the full PDF article by Securities America.

Seven Resolutions to Get Your Nest Egg in Shape

Getting your retirement plan in order is a common New Year’s resolution.  Find out why it’s almost never too late to start in this Wall Street Journal article by Anne Tergesen.

Read the full article on Wall Street Journal

CFPs Add Value, Are More Productive: Study

A recent study from Aite Group says that financial advisors with the CFP designation add value to their firms, are more productive, and provide a higher level of client satisfaction.  Click the link below to read more results from research.

Read the full article on AdvisorOne.com.

Savings Fitness: A Guide to Your Financial Future

Succeed in setting financial and retirement goals. Check out “Savings Fitness: A Guide to Your Money and Your Financial Future” from the Certified Financial Planner Board of Standards Inc.  This article could help put your retirement high on the list of personal priorities.

Read the full article on CFP Board.

How to Choose a Financial Planner

This Wall Street Journal article offers insights into how financial planners can advise clients on how best to save, invest, and grow their money.

Read the full article on Wall Street Journal.