Planners Instill New Reality for Retirement Planning for Corporate Executives

Opiela, Nancy
February 2003
Journal of Financial Planning;Feb2003, Vol. 16 Issue 2, p42
Academic Journal
The article reports that financial planners are noticing some changes with their corporate executive clients. With 40l(k) accounts worth less, stock options under water and accounting scandals rocking corporations, planners are noticing some changes with their corporate executive clients. While the root of the generally conservative mood among executives could he traced to Enron's bankruptcy, clients are, of course, most profoundly affected by the local economic climate and the financial health of the companies they work for. Whether sparked by national events or local economic woes, planners have noticed a move from what Federal Reserve Chairman Alan Greenspan called an irrational exuberance in the late 1990s to a more realistic market assessment. Concentration in company stock was not an issue many clients felt inclined to deal with in the late 1990s. In general, planners see their role as keeping the client educated about the risk of the company. The down market is causing the planners to rethink their advice to clients on deferred compensation plans. A prepaid variable forward is another derivative instrument that could be useful to investors who may be prohibited from selling their stock due to U.S. Securities and Exchange Commission restricted stock rules.


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