 | Outlook on Retirement: New Insights on Planning and Personality
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Outlook on Retirement: New Insights on Planning and Personality is a summary of our recent nationwide survey about people’s attitudes towards retirement. Among the survey’s findings:
- When it comes to retirement, money may not always equal happinessbut planning can.
Financial security will always be an important part of retirement, but in many cases, the very act of planning can create greater satisfaction for investors—both in retirement and overall.
- Personality plays an important part in how we plan: some people are predisposed to plan, others aren’t. This may mean foregoing a formal financial plan in favor of seeking advice from retired friends and peers.
The survey results have important implications for how financial advisors approach investors: People are often reluctant to seek advice, so advisors should make starting a retirement conversation as simple as possible—and avoid overloading clients with details. The planning process should embrace the person, not just the assets.
For a full discussion of this topic, please download the PDF at the top of the page.
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