The past year has been one of troubling financial news for all, especially as many Baby Boomers approach traditional retirement age with fewer saving than before. The downturn in the markets has had a debilitating effect on the funding of defined benefit pension plans and retirement plans, causing large decreases in many of our savings.
In my March “That’s Life” column for Senior Market Advisor, I discuss that it is our job as trusted advisors to counsel our clients through both the profitable and not so profitable times. It is important that we work closely with our senior clients to help them understand – and prepare for – the short- and long-term impact the new administration’s policies may have on their financial future. We must also monitor trends in regard to these policies so we can anticipate the impact on our clients, and proactively help them navigate through changing economic conditions.
Please read the online column to read more.
