William Bengen: Financial Planning Transplant Opens New Doors for Retirement Research

Opiela, Nancy
August 1998
Journal of Financial Planning;Aug1998, Vol. 11 Issue 4, p91
Academic Journal
This article profiles William P. Bengen, a certified financial planner. Bengen comes to the world of financial planning via a circuitous route. He was trained as an aerospace engineer, he has also worked in the soft-drink industry. Bengen slowly built his clientele in El Cajon, California, starting with friends and growing via referrals. His low-key approach has been so effective that his practice now is temporarily closed to new clients. It is particularly difficult for Bengen to tear himself away from his work because he works out of his home. He started off in a small office attached to his house. Then a few years ago, when his practice looked like it was going to do well, he remodeled his house and expanded the office to 1,100 square feet in a separate wing. His wife, Joyce, handles the administrative work such as the downloading and processing of client transactions. With a hold on bring in new clients, Bengen is contemplating time available for other pursuits--among them writing. Bengen has written three articles for the Journal of Financial Planning on his research into how much money people should spend in retirement and how they should set up their investments. He finds his research useful in guiding his clients.


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