| It's Crunch Time for Advisors Helping Boomers Prepare for Retirement
With all the recent attention on baby boomers and their retirement readiness, it's no wonder that one of the biggest concerns for investment advisors and financial planners today is retirement planning. If the goal is to ensure a livable income for retirees, then a shrinking social security net, soaring healthcare costs and the virtual disappearance of fixed-rate pensions are not making any soon-to-be retirees breathe easier. In our most recent survey, AdvisorBenchmarking investigates this challenge and sheds more light on how advisors can turn this market challenge into real business opportunities. As wealthy clients transition into retirement and begin to transfer their wealth to heirs, retaining boomer assets has become a key objective for most advisors. Right now, nearly half of advisors (43%) say that 20% to 40% of their clients are retirees and that number will only multiply in the coming years.
City may establish seniors council
The city of Rowlett has limited activities for senior citizens. There is not an exclusive senior citizen's center, something common in neighboring towns and in cities the size of Rowlett or smaller.Senior citizens have access to a room in the Rowlett Community Centre, but Ken Middaugh contends the limited space restricts involvement of those citizens it is aimed to serve."Texas is the No. 6 retirement destination for seniors," said Middaugh, a leader in Rowlett's senior community. "Did you know the Metroplex is the No. 1 retirement area for seniors in Texas?"Middaugh estimates that 10 to 12 percent of Rowlett's population is comprised of senior citizens which would benefit from more offerings through a facility intended exclusively for senior citizen activities."Primarily, let's give them (seniors) a reason to come here," Middaugh said.
Health Care and Workplace Companies, take note: Older workers want ...
A recent job fair teemed with the AARP crowd; nearly 3,000 of them filtered through in a four-hour period. The number surprised even folks at the local chapter of the AARP, formerly the American Association of Retired Persons. The organization changed its name to the capital letters in 1999 because it realized that most of its members still work. In Nevada, many still want to continue working. At the same time the AARP chapter co-sponsored the job fair on March 28, it also was talking about the results of its first-ever study on members' attitudes toward work. "AARP Nevada Survey of Members: Work and Retirement" is based on surveys of 2,000 random AARP members across the state. Fifty-six percent were in Clark County, 15 percent were in Washoe County and the rest were split among rural areas.
Retirement village residents sent eviction notices
EMMA ALBERICI: Five hundred elderly residents may soon find themselves homeless, after being told that their retirement villages must be vacated by the end of May.
The 10 retirement villages around Australia are managed by Village Life and owned by the Gold Coast property group MFS Diversified Trust.
Residents in these homes, some aged in their nineties, have received letters telling them that they must move out by May the 28th.
One aged care group says it's a crisis for these people who are mainly low-income pensioners with nowhere else to go.
Alison Caldwell reports.
ALISON CALDWELL: The World Today understands Village Life wrote to the residents telling them that the owner MFS would be taking vacant possession of the 10 villages at the end of May.
Desjardins: Sun Life's New Retirement Income Product To Have ...
FP Trading Desk submits: Sun Life Financial Inc.'s (SLF) move to launch a guaranteed minimum withdrawal benefit [GMWB] product in Canada – a retirement income product that is similar to Manulife Financial Corp.'s IncomePlus product launched last fall, is a positive development for Sun Life, according to Michael Goldberg. Manulife had $1-billion in sales for its product in the first 19 weeks, the Desjardins Securities analyst said in a note to clients, adding that both companies are using their experience in the U.S. “in pricing and hedging a GMWB product as a foundation in Canada." “While there are some differences between the Sun and Manulife products, we believe that they expand the market for this product overall, much more than competing with one another," Mr.
|
