How to Stop Retirees and Other Clients From Overspending
Apr 2, 2012
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By Helen Modly, CFP, CWPA, and Sandra Atkins, CPA/PFS
Sometimes clients spend money like kids in a candy store, especially when they are transitioning into retirement or out of a divorce. However, when withdrawals threaten long-term assets, it pays to have a "withdrawal policy statement" on file to remind clients of their original intentions.