Two totally unrelated shares this week, but each worth checking out… The first is a great resource, the second a thought piece primarily for advisors, but of interest too to the adult children of investors. How does one optimize the transfer of wealth from an inheritance? It takes careful planning!
5 Excellent Retirement Calculators (And All Are Free)
We think that it’s great that these and other firms are improving their retirement calculators. Unfortunately, while they may do a good job on the “liability” side (what retirees need to spend), they all do about the same on the “asset” side (what your investments will earn).
Monte Carlo scenarios are useful (and the faster the better), but when they fail to include a key asset class like an Income Annuity, they’re of little real value.
Don’t simply keep your savings from running out, insure your retirement.
The great wealth transfer is coming, putting advisers at risk
While most financial forms don’t include a place for “my inheritance,” many investors are counting on that money for their own financial and retirement plans.
The best thing the advisor to the older generation can do is make sure the retirement income plan is self-sustaining and the wealth transfer is optimized. Doing the best job with the older generation gives the advisor the best shot at maintaining the relationship with the younger generation.