CNN, USA Today, Forbes, Reuters – The news is flooded with recent reports about Federal Reserve Chairman Ben Bernake’s plea to Congress concerning the looming retirement of 78 million Baby Boomers beginning in 2008.
MDRT is not sitting idle and waiting for a congressional response to the nation’s financial crisis. Our upcoming Boomertirement™ Industry Summit will focus on providing leadership that will help the media and financial services industry assist Baby Boomers with taking appropriate actions to navigate the unique financial challenges they face.
Following the Summit, MDRT members will have access to a variety of educational tools and information, including a special issue of Round the Table, a comprehensive Web site with event video, free Web seminars and additional discussions on the MDRT Member Blog. These tools will help you better educate clients and pave a path to their financial security.
As more Boomers take control of their own financial security, our economy will become less “threatened” by the aging population and Boomers will become more empowered to enjoy the lifestyle they have rightfully earned.
Whether Bernake’s plea encourages Congress to revamp policy or not, it reinforces the message that relying on government programs will not be enough for independent retirees to live on. As financial advisors, it is our responsibility to help our clients navigate a path of decisions on lifestyle, life income and lifeboats.
I challenge you to encourage your Boomer-aged clients to take action and better prepare for retirement. With your help, they will have the power to take back their financial freedom.
