TITLE

The Fallacy of Retirement

AUTHOR(S)
Vodra, Richard E.; Fyock, Catherine D.
PUB. DATE
June 1996
SOURCE
Journal of Financial Planning;Jun96, Vol. 9 Issue 3, p56
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
5560750

 

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