"Clients nearing retirement have some significant challenges to face. And so do their advisers. They can expect to live far longer after they retire. And the problems they expect their advisers to solve are far more complex. The traditional sources of retirement income may be shriveling, but boomers don't intend to downsize their plans. Instead, they're redefining what it means to be retiredâas well as what they require of financial ad ..."
"You're going to have to rely on income from your savings and investments to
bridge that gap. This is just another reminder that the lifestyle you will be able to
afford in retirement depends on how much you manage to save during your
career. ... Now the challenge is to figure out how much money you will need to
accumulate prior to retirement in accounts such as 401(k)s, IRAs, and other tax-
advantaged ..."