Advisors can — and will — play an increasingly important role in overcoming the challenges of retirement income faced by a new generation of pre-retirees.
The first-ever Forerunner Roundtable, hosted earlier this month in New York City by Jefferson National, helped point out some of the issues advisors must blend into the planning they do with those poised on the edge of retirement.
Americans are living longer, and 49 percent of all 60-year-olds are caring for at least one aging parent (the figure was just 7 percent in 1900).
Extra years in retirement mean accumulation is an issue, especially with the decline in defined benefits plans (there were more than 112,000 in 1985 but less than 29,000 in 2005) and the fact that one quarter of American workers over the age of 55 have saved less than $10,000 for their retirement.
