Historically, traditional retirees leave the workforce with a pension when they turn 65. On the other hand, many of today’s modern retirees are transitioning into retirement while relying primarily on savings and Social Security to fund their futures.
The modern retiree is faced with complex challenges when planning for income to last throughout his or her retirement. While the traditional retiree left the workforce at age 65 with a pension and Social Security, the modern retiree may well transition into a much longer retirement with debt and a family to support.
No one-size-fits-all solution for your pre-retiree clients
Retirement income planning for today’s client has evolved from an uncomplicated process to one that has many nuances. A comparison between the traditional retirement that we’ve seen over the past 50 years and a modern retirement reveals some of the differences:
By identifying your income needs in retirement, R&F can help you take inventory of your resources, plan intelligently, and put your retirement income plan into action without delay.
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