Advisor Opportunity? Early Pre-Retirees, Study Says

A quarter of households aged 50-59 are "advice opportunity" households, a new study by Cerulli Associates shows.

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Comments (2)
I am of the view that it is this pre-retirement generation that really needs financial advice. Those who have just started their careers have a long way to go and ultimately everybody follows the same route of splurging in the beginning, maybe being reckless, overspending etc. These are the typical problems of the unmarried youth. Then you start on the second phase with marriage and kids where savings kick in, but a lot of money is required for everyday needs and for a home. So it is really when you are a bit older but not yet approaching immediate requirement, that you can take corrective action and align your finances with your goals. You do need the service of an expert for this and this is where a financial advisor steps in.
Posted by KIMMY B | Tuesday, December 10 2013 at 12:36PM ET
First post here. No value from my post but I believe the findings of this study. I "FEEL" 'early education' for this demographic does not allow enough time in the marketplace to overcome the risk that would provide higher expected returns and early education should be directed toward humans at a younger age. Decmulation makes topical sense but asset location should be stratified for greater utility. The 2012 tax code changes does not help simplify. Nice article and I'll move on to find a place I can strive to add value.
Posted by Bruce B | Friday, December 13 2013 at 1:50PM ET
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