Planners can prove their worth if they find ways to lessen the chance that their clients will not outlive their retirement funds. David Blanchett, director of consulting and investment research for the Retirement Plan consulting Group of Unified Trust in Lexington, Ken., on Friday detailed how planners can implement sustainable withdrawal strategies so that retirement income works for their clients.
When modeling probable success rates of a client's portfolio, planners must also include any potential impacts of risk so the client has a fuller picture of how their decisions will impact their retirement income years down the road, said Blanchett, speaking at FPA's annual conference in San Diego.
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