Rather than focus on the traditional notion of saving for retirement, asset management firms serving affluent investors with a minimum of $100,000 to invest and who are between the ages of 40 and 60 should understand that most of these people never intend to leave the workforce, according to Hearts & Wallets.

Thus, the research firm says, a more appropriate goal is to help these investors achieve the financial freedom to quit a job they do not find fulfilling.

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