The Fallacy of Retirement

Vodra, Richard E.; Fyock, Catherine D.
June 1996
Journal of Financial Planning;Jun96, Vol. 9 Issue 3, p56
Academic Journal
This article focuses on precautions that must be taken by financial planners while dealing with retirement planning. Retirement planning is the goal Americans most often give for why they save money, but it is also an area where study after study show Americans are falling short of this goal. The perspective that supposedly distinguishes the Certified Financial Planner professional from "mere" money managers centers on the ability to lead clients toward good long-term decisions about their money, and nowhere could that be more important than in planning for life after the traditional retirement date. One of the most important things financial planners do is to help their clients think about the critical themes in their lives. Planners have to be both realistic and visionary to do their jobs. As a framework, planners may consider dividing the topic of retirement into three time frames, which can be defined as: accumulation planning, transition to retirement, and living in retirement and unretirement. INSET: The Career Development Fund.


Related Articles

  • Using the Personal Residence for Retirement Income. Allen Jr., James R. // Journal of Financial Service Professionals;Jul2015, Vol. 69 Issue 4, p71 

    For many retirees and preretirees, equity in their personal residence is the largest (or at least a substantial) portion of their total wealth. In addition to its being a significant financial asset, deciding what to do with the family home carries extensive emotional impact for the client. This...

  • Struggling With Clients. SEAWRIGHT, BOB // Research;Apr2013, Vol. 36 Issue 4, p19 

    The article offers the author's insights on the struggle of advisors with their clients in terms of working with their retirement income. The author states that good advisors will simply tell the truth the way they understand it and leave the clients, prospects, and those who are taking...

  • Retirement planning: more than a matter of dollars and cents. Greig, Alan // Money Management;11/2/2006, Vol. 20 Issue 41, p17 

    The article discusses the financial packages developed and marketed by various financial planning firms in Australia to provide sufficient income for an extended period. Some planners are establishing a long-term relationship with the client and know how the client wish to spend their...

  • How to Serve the Middle Market: Ideas for Planning Approaches and Compensation. Meredith, Betty // Journal of Financial Planning;Aug2012, p24 

    The article discusses financial and retirement planning for the middle market, examining focus groups sponsored by the Financial Planning Association (FPA) which examined how financial advisers can work with the mid-market. The article examines different methods of compensation for financial...

  • Constructing the Right Retirement Income Stream. Wolosky, Howard W. // Practical Accountant;Jul2008, Vol. 41 Issue 7, p29 

    The article offers tips for financial planners to develop the right retirement income plan for clients in the U.S. Professionals advise that planners need to have detailed conversations regarding the client's personal items such as payout, life expectancies and future spending. According to Bud...

  • Retirement Realities for Women.  // Financial Planning;Aug2010, Vol. 40 Issue 8, pA1 

    The article focuses on the challenges faced by women and their financial advisors in retirement planning. A comparison between the investment attitude of men and women revealed that women lack confidence in investing whereas men are likely to invest the maximum amount toward retirement savings....

  • Getting the Most From Retirement. Yetman, John; Goddard, Adam // Advisor Today;May2003, Vol. 98 Issue 5, p22 

    Advises financial planners on how to help their clients plan for a good retirement life. Estimation of the amount needed for a good retirement life; Amount of money needed to retire; Predictable income sources during retirement; Calculation of the portfolio value.

  • Rob Reid: We need a retirement revolution.  // Money Marketing (Online Edition);6/14/2012, p21 

    The article presents the author's views on retirement planning. The author comments on the need to emphasise advice before product to all. According to the author, revolution is required to change the direction and mindset of people and to make them realise that retirement can, will, and last a...

  • Retirees: Profit Centers or Pitfall? Eckblad, Marshall // Financial Planning;Aug2007, Vol. 37 Issue 8, p19 

    The article reports on the results of a survey conducted by Fidelity Investments entitled, "Adapting a Practice for Retirement Income Planning." It revealed that a percentage of affluent investors at retirement age make use of the time of financial advisors. It also found out that a high...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics