A new report from MetLife this week suggests that financial advisors need to do a better job of educating their clients about 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 younger and 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 advisors to gradually shift the conversation and clients' investment strategies from accumulation of assets to the distribution of those assets into income as they near retirement.
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