The Boomer bonanza has begun! As a result of this demographic shift we advisors are in a position to enjoy a virtually endless supply of prospects for decades to come. If you are not actively working in this market you might consider making a shift to start focusing on the issues these folks will be facing in the coming years.
Unfortunately, many of the Baby Boomers have done a lack luster job preparing for the day when they will no longer be active in the workforce, and will need to rely on their retirement accounts, pensions, and Social Security benefits. In fact, many of the Baby Boomers are “sandwich” babies faced with caring for their aged parents while trying to wrap up college tuition payments for their adult children. This is not a very easy balancing act.
Here are the issues facing Baby Boomers:
Long-term care for parents
Long-term care for Baby Boomers
College tuition payments for adult children
Achieving financial independence and NOT outliving retirement assets (longevity)
Lifestyle choices
As members of the “Premier Association of Financial professionals,” we are armed with the tools and resources our clients need to secure their retirement and enjoy their lives.
What tools and success stories can you share that have enabled and empowered your client to secure a bright future?
