A variety of retirement plans are available today to help you build the wealth you need to live the retirement lifestyle that you desire. These plans are an important part of your investment portfolio, even if you have already retired or reached your desired savings amount. Most people with retirement plan assets should strive to avoid the pitfalls that may accompany any benefits.
Planning the client’s potential for a successful financial retirement requires that the financial advisor is prepared with the appropriate tools to react to a variety of changes in the client’s situation as well as the changing economic environment. The plan’s projections and assumptions are reevaluated on a regular basis and the advisor and the client both understand that without appropriate adjustments, the risk of failure can increase significantly.