With the downturn of the economy and markets these past few years coupled with the longer life expectancy, many clients are not going to reach their retirement goals.
According to Hilary Johnson’s article in Investment News, financial advisors are re-allocating funds for their clients to a more aggressive model to help their clients reach their retirement goals. Is this best decision considering how volatile the markets still are?
Or should advisors encourage their clients to set a realistic goal about their financial needs instead of their financial wants until it has been achieved?