Waiting for the Window

May 2002
Journal of Financial Planning;May2002, Vol. 15 Issue 5, p22
Academic Journal
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.


Related Articles

  • Are times changing? Schultz, Stacy // Financial Planning;Sep2008, Vol. 38 Issue 9, p25 

    The article focuses on the results of a survey of financial advisors conducted by Spectrem Group in April 2008. The majority said they provide a written plan for their clients' retirement planning, and most of these plans include a budget for the expense equation. Half of respondents claimed...

  • The Retirement Income Question. Ferreira, Antoio; Sharigian, Sonia // Bank Investment Consultant;Jun2011, Vol. 19 Issue 6, pA3 

    The article focuses on the key findings and related implications for financial professionals and retirement income producer providers about the study related on retirement income in the U.S. It mentions that most investors have believed that their retirement income goals are achieved using a...

  • The Perception Versus The Reality Of Retirement: Are You Ready To Retire? Yates, Dan; Ward, Chris // Journal of Business & Economics Research;Jan2013, Vol. 11 Issue 1, p1 

    This study explored the perceptions and the reality of retirement of two groups in northwest Ohio: those planning to retire within five years and those who are currently retired. A survey was constructed to capture the thoughts on retirement, living arrangements in retirement, travel plans, work...

  • RETOOLING IN A BRAVE NEW WORLD. Lutschaunig, Art // On Wall Street;Oct2006, Vol. 16 Issue 10, p75 

    The article focuses on income planning for retirees in the U.S. A sales proposition is usually required so that advisors could get clients to accumulate their assets. To effectively help retirees convert their investments into income, advisors must rely on classic financial and investment...

  • How to Assess Providers of Lifetime Income. Cornfield, Jill // Plan Advisor News;2015, p1 

    Plan sponsors and advisers should consider the steps that go into a prudent process for selecting a provider if they want to include a lifetime income solution in their plans.

  • Fidelity Assists Advisers With Retirement Income. Barney, Lee // Money Management Executive;6/27/2011, Vol. 19 Issue 26, p1 

    The article reports that Fidelity Investments is giving assistance to financial advisers regarding the retirement income concerns of retirees and pre-retirees. It mentions the website developed by Fidelity Investments designed for the topic, which also offers information on fact sheets and...

  • Embrace Change. Callahan, Jack W. // Financial Planning;Oct2007, Vol. 37 Issue 10, p97 

    The article reports that financial advisors need to change their practices to grasp opportunities presented by retirement income planning. According to the author, the number of retiring individuals in the U.S. is increasing which is a business opportunity for financial advisors. The author also...

  • Tips for Advising Clients on Retirement Planning. Chmelka, Cory // CPA Journal;Nov2010, Vol. 80 Issue 11, p14 

    The article offers tips to financial planners when advising clients on retirement planning. The first step is said to be the calculation of fixed, variable, expected and one-time expenses. Emphasis is given on the need to take their Social Security benefit, to look at Cobra, a product of the...

  • The lowdown on drawdown. Everill, Jon // Money Marketing;3/26/2015 Retirement Strategy Supplement, p15 

    The article discusses the key considerations of financial advisers concerned about drawdown complexities. Topics covered include the need to ensure basic subsistence level of income for potential retirees, the risk for clients to live beyond the ability of their accumulated assets and the...


Read the Article


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

Try another library?
Sign out of this library

Other Topics