It’s important for advisors to understand how much retirement actually costs, says David Blanchett, CFP, head of Retirement Research at Morningstar Investment Management.
At CFA’s 2015 Annual Wealth Conference, Blanchett explains that the longevity risk is actually a bigger risk for advisors, not clients, since advisors are held accountable when planning. He discusses how he estimates retirement expenses for clients.
For more, check out associate managing editor Suzanne Sharma’s live tweets below.
Live tweets from CFA’s 2015 Annual Wealth Conference
The key is to plan for each client based on wealth accumulation and personal circumstances. “No portfolio is an island,” says Blanchett @advisorca