TITLE

Waiting for the Window

PUB. DATE
May 2002
SOURCE
Journal of Financial Planning;May2002, Vol. 15 Issue 5, p22
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article focuses on the findings of a study by the Spectrem Group, which showed that most pre-retirees do not get serious about planning for retirement until the last 12 to 18 months before they retire and financial advisors need to maintain close ties to pre-retirees. The study stated that up to that critical period, people focus primarily on accumulation. They may informally think about such issues as relocation and living arrangements, but they do not get serious about the details until just before retiring. What precipitates the decision to get serious about retiring is often not planned, either. It may be a situation that arises at work, the desire of a spouse or the realization that they are tired of working. Only at that point do they determine how much income they will need, where it will come from and which asserts they will draw on first or leave to last.
ACCESSION #
6658203

 

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