NEWS: Daily AI use among financial advisors doubles, yet confidence gaps persist: Horsesmouth survey
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Helping baby boomers live out their golden years is going to be a challenge. Funding 30-year retirements will take financial planning prowess as you juggle the effects of inflation, distributions, taxes, asset allocation, and expenditures. Are you up to the task?
Today’s retirement planning strategies run the gamut between insurance-based “safety-first” and portfolio-oriented “probability-based.” Yet insurance companies can fail, and retirees can spend so conservatively it puts safety first. Ultimately, the real decision in retirement planning is whether to transfer risk to a third party or manage it yourself.
One way to approach retirement income planning is to build a portfolio with various "buckets" that represent clients' specific spending goals. Your job is to keep each bucket filled so it spills over into the other buckets and keeps the whole portfolio buoyant.
Horsesmouth Essential: Clients’ subjective life expectancy factors into many retirement decisions, and often presents a conflict between “living for today” and “saving for tomorrow.” But a retirement plan that uses different life expectancies for different goals can help your clients get the best of both worlds.
How clients withdraw cash plays a major role in determining their tax bill in retirement. Do you start with RMDs and move on to taxable accounts or something else? Recent Vanguard research shows that efficient spending from a portfolio today can directly impact how much a retiree has to spend tomorrow.
Traditional guidelines for how much money you need to have saved for retirement are now obsolete, argues Wharton finance professor Richard Marston in his new book.
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Social Security and Medicare Workshop
With Elaine Floyd, CFP®
September 15–18, 2025
The AI-Powered Financial Advisor
Begins September 18, 2025