Over the past year, $489 billion was eligible for rollover and $245 billion was actually moved into IRAs. Spectrem Group estimates that the amounts eligible for and transferred to IRA rollover accounts will increase at 10-12% annually over the next five years.
The economic crisis experienced globally in the Fall of 2008 will have an impact on the behaviors and attitudes of investors that will forever change the way individuals invest, utilize advisors and rely upon financial services organizations. This economic downturn has been a significant and life altering experience for many Americans, and the impact this crisis may have on households across the country can probably be classified as stunning. Baby Boomers, especially those with between 5-10 years to retirement, are befuddled and will soon begin to panic.
A robust 90% of advisors surveyed said that retirement income planning is part of their practice and 69% say they frequently encounter clients needing assistance with retirement planning. Considering the graying of the baby boomers and the fact that, on average, 38% of clients plan to retire within the next 10 years, retirement income solutions are only going to grow in importance in the coming years.
Lillian is your typical soccer mom. When she is not driving her children to any number of extracurricular activities, she and her husband work side by side at his dental practice.
Affluent individuals who are still in the work force say they are more likely to explore estate planning than a host of other financial products and services as they approach retirement age.
High Net Worth Advisor Insights Newsletter April 2008
Most Popular Report
|
How the Wealthy Invest Now
From the Get Rich at the Millionaire Corner Podcast series.
|
Wealth Facts...Not Guesses
|
Most Popular Report
|
How the Wealthy Invest Now
From the Get Rich at the Millionaire Corner Podcast series.
|
Wealth Facts...Not Guesses
|
