As reported recently by Investment News, the head of one of the nation’s premier public opinion and market research companies says the strategies advisors are using to manage their clients’ retirement income aren’t equipped to handle significant downturns in the market.
“Advisors need to consider new strategies that will be more effective for their clients in retirement,” said Matthew Greenwald, president of Matthew Greenwald & Associates, who was speaking at the RIIA Managing Retirement Income Conference.
According to the article, Greenwald suggested that advisors consider more retirement income products coupled with less conservative investments for their clients’ equity assets. “Many times, advisers reject income products and put their clients in too-conservative portfolios,” he said. Another important factor for advisors to consider, according to the article, is that Baby Boomers aren’t frugal like their parents and intend to spend money in retirement.
So, what exactly are the right strategies for generating retirement income for Baby Boomers? Several cutting-edge solutions were presented at MDRT’s Boomertirement Industry Summit. Learn more by visiting the “Life Income” section of the Boomertirement Web site.
