|
|
Redefining Retirement: Baby boomers are rejecting a pipe-and-slippers retirement and looking for new challenges in later life.
- Article from:
-
On Wall Street
- Article date:
-
July 1, 2008
- Author:
- Leder, Gerri
|
Copyright informationCOPYRIGHT 2008 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Most retirees are initially euphoric about trading in their alarm clocks and daily commutes to work for the freedom to visit their favorite places during daylight hours. However, since much of their identities and everyday activities were previously prescribed by their work, euphoria often gives way to the realization that they miss the sense of purpose and social interactions that employment provided.
As an advisor you should have broadened your relationships with clients beyond investments, because older clients look to you as they contemplate their lifestyle in retirement. In fact, as financial planning shifts to life planning, aging clients will want more emotional ...