Nice retirement recommendation includes serving to purchasers acknowledge, reply to, stay with and finally thrive within the face of the massive planning unknowns.
As famous by Jamie Hopkins, the monetary planning professional and CEO of Bryn Mawr Capital Administration, the problem of serving to purchasers enter and navigate retirement is an order of magnitude extra complicated than serving to them save and make investments for it, and it calls for one of the best that advisors can deliver to the desk.
Getting the retirement recipe proper will deepen shopper relationships in a manner that advantages each the shopper and the advisor, Hopkins mentioned. Then again, fumbling the transition from work to retirement can undo a lifetime of fine monetary selections and diligent financial savings.
Hopkins supplied this attitude throughout a latest webcast placed on by Mutual of Omaha Mortgage, throughout which he reviewed a few of the newest analysis on retirement earnings and supplied added insights from his personal follow and expertise. One key precept Hopkins put ahead is that retirement by its very nature at all times includes a big diploma of uncertainty — and that that’s OK.
See the gallery for a abstract of the important thing insights shared by Hopkins in the course of the presentation.