The Proof Is Not in the Pudding

Stein, Michael K.
September 2000
Journal of Financial Planning;Sep2000, Vol. 13 Issue 9, p40
Academic Journal
This article discusses several issues related to the retirement planning in the financial planning practice. Many clients are interested in the twin issues of retirement and retirement planning. If retirement planning is a big part of the average financial planning practice, and if the average financial planning practice is thriving, it does not necessarily mean that planners are doing a great job of providing retirement services. It may mean that clients do not know good from had, or that there is not a better service available, or it may mean that neither the planner nor the client really understands what good planning for retirement is all about. People of the 20th century generally earned their living by hard, physical labor. If some clients are taking a commonsense approach to thinking about retirement, they probably believe that accumulating enough wealth and hoarding it to ensure they do not run out of money before they run out of time is the key to a successful retirement. Modern retirement is long, complex and constantly changing.


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