TITLE

Raging Retirement

AUTHOR(S)
Stein, Michael K.
PUB. DATE
July 2002
SOURCE
Journal of Financial Planning;Jul2002, Vol. 15 Issue 7, p34
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article focuses on the role of financial planners in helping their clients understand the structure of retirement and see the potential in the different phases of retirement. The good health, energy, personal and financial resources often present in the first phase of retirement have the potential for creating a second childhood without parental supervision. One of the important non-financial functions that a retirement planner can accomplish is to heighten clients' understanding of this opportunity and help them focus on squeezing everything out of this juicy time of life. Seen in this perspective, it is obvious that retirees and their planners ought to do everything possible to make this period of active retirement extend for as many years as possible. The first task for the planner is to get clients focused on the possibilities. It is vital that clients form the intention to have a long, active phase of retirement. Within the notion of intention there is the idea of envisioning a long and happy active phase, but in spite of that vision, the years inevitably begin to throw obstacles in the way. It is essential that retirees understand that it will not always be easy to have a great retirement, but they should make up their mind that they will struggle with the restraints that might otherwise force them from the active phase of retirement to the passive phase.
ACCESSION #
6990041

 

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