The Coming 'Plutirement'

A few years ago, a trio of Citibank analysts created quite a stir when they published two memos suggesting that the American economy had become a “plutonomy” – one that is highly and disproportionately controlled by the extremely wealthy.  According to these analysts, the market is made up of only two segments – the very wealthy and everyone else.   When looking ahead to the millions of baby boomers who will be retiring in the next 15 years, it’s not hard to envision the idea of retirement turning into a “plutirement,” with two very different retirement realities facing your clients.

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Comments (2)
They consistently underestimate the true value of not just financial planning, but life planning. While the wealthy will indeed need money managers, "everyone else" will need a planner. If your client base is more in the "everyone else" category, you need to ask yourself: Am I trained, competent and prepared to help my clients work through the life decisions that will need to be made before the financial planning can even begin?
ładowarka do e-papierosa
elektroniczne papierosy
Posted by misiek m | Wednesday, April 03 2013 at 9:34AM ET
Plutirement is a new concept. Along with financial advisors and managers, you will find many retirement planning tools to do the guess work out of calculating the money you need for your retirement.
Fortunately, there are plenty of how-to guides, retirement advice blogs and calculators available at your finger tips that you can use to help you get an accurate assessment of how much money you need for your retirement.

Posted by STEVE B | Sunday, January 19 2014 at 10:27PM ET
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