It is both my duty and distinct pleasure to thank my colleague Robyn Conti for the time, thought and effort she put into sustaining these daily digests as I observed Passover last week. If you find yourself missing her always engaging articles, no worries: just click "follow" on her feed, here.
Now, where were we? Oh, yes: the critical topic of retirement readiness. This is perhaps the most pressing concern on the minds of your clients. It came up within just minutes of a conversation I had yesterday with a neighbor who asked me what my profession was.
And the good news, nay great news, is that a true expert in the field is developing a series here on Seeking Alpha that quite clearly lays out all the issues financial advisors need to know to understand retirement income planning.
In this, his second installment, Michael Lonier provides a quite simple and intuitive method for evaluating retirement readiness that can help advisors guide clients based on their own unique household budget.
"Think of it as a blood test for retirement, a way to check your vital signs, to highlight the areas that need further analysis, and to set the direction of your plan," he writes.
With no further ado, here are other links of interest to advisors today:
- When to file for Social Security benefits - in a few tables.
- How human advisors can join and beat robo-advisors.
- Advisors need to get serious about conducting themselves as fiduciaries.
- On the importance of long-term financial planning for bankruptcy-prone pro athletes.
- Blockchain/Bitcoin winners and losers.
- A Fed watcher, who suggests skipping the rhetoric and looking at market actions, sees stagflation threat.
- Monte Carlo simulation shows downside risk in the S&P 500 rising for May.
Your thoughts? Comment below.