A new report from Metropolitan Life Insurance Co. suggests that financial advisers need to educate their clients better on the importance of managing their emotions as well as their spending and investing behavior during and close to retirement just as they did-presumably-when they were saving up for their golden years.

The report, titled "Engaging Clients in a New Way: Putting the Findings of Behavioral Strategies to Work," encourages financial advisers to gradually shift the conversation and clients' investment strategies from accumulation of assets to the distribution of those assets as income as they near retirement.

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