How to Get Investors to Save More for Retirement? Perhaps by Saying Hello to Their Future Self

Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

The number of Americans prepared to meet their basic expenses in retirement has drastically declined in the last 20 years, according to research published by Boston College.

This study confirms, at least to some degree, that it’s not only the millennial generation that has difficulty knowing when to cut out the avocado toast or whatever luxury de jour may be standing in the way of retirement. Retirement planning is a source of anxiety for all demographics.

The question for financial advisors now becomes “How can you get investors to turn the tide?”

Perhaps the answer is getting those people to meet their future self.

Full article on CNBC

Share:
facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.
Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

RECENT POSTS

Understanding the 199A Deduction After The New IRS Final Regulations

Despite being in the midst of a government shutdown, the Internal Revenue Service (IRS) was just able to release a 247 page document describing and cementing final rules around section 199A. For those of you who are unfamiliar with 199A, the section provides for a new deduction

Test Your Annuity Acuity: An Advanced True/False Quiz

Despite wanting and needing more guaranteed income in retirement, many Americans are hesitant to purchase an annuity to provide that income. Some of this hesitancy is due to misconceptions around the products and how they can best be used to support a secure retirement.

Why The Average Retiree’s Net Worth Is A Deceiving Statistic

Not enough Americans are saving for retirement. What’s new, right? According to the 2018 Retirement Confidence Survey conducted by the Employee Benefit Research Institute (EBRI), only about two-thirds of Americans say they or their spouse have saved anything for retirement, leaving millions …

Pros and Cons of Investing in an IRA during Retirement

As more and more people are working in retirement, retirees often need to determine the best strategy for saving or investing their incomes. One option is to save and invest in an IRA during retirement. For one thing, many retirees already have an IRA set up by the time they get to retireme …
1 2 3 8 9 10 11 12 26 27 28

Get in Touch

In just 15 minutes we can get to know your situation, then connect you with an advisor committed to helping you pursue true wealth.

Schedule a Consultation