Basic guidelines to help your client prepare for retirement include starting a savings program, maintaining that program, and investing wisely, says the CFA Institute.

The institute suggests saving 20% for the future, keeping an emergency fund with six months’ worth of expenses, and putting salary raises into a retirement fund instead of spending them.

Clients should also take advantage of employer-matching investment programs, because “the match is essentially an investment with a guaranteed rate of return,” says the CFA Institute.

Read: Do your clients really understand retirement?

To help clients maintain their retirement savings programs, suggest they contribute regularly to the plan, and increase the amount they put aside each year.

To ensure clients invest wisely, the CFA Institute suggests a diversified portfolio with low-expense products. Also, make sure they keep insurance requirements in mind.

To read more, go here.

Read: Growing income during retirement

Originally published on

Add a comment

You must be logged in to comment.

Register on