One critical theme running through the third annual Financial Behavior in Retirement Summit in Chicago focused on how life planning is critical for advisors that want to help clients plan for retirement.
Keith Weber of Weber Consulting Group in Philadephia cited an AARP study that said 80% of baby boomers wanted to continue working in a more meaningful way instead of retiring, and that was conducted before the financial crisis. And a Merrill Lynch study indicated that 51% of affluent clients wished they would have focused more on life goals rather than financial goals.
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