The average cost of retirement is 2.5 times the cost of your house, or 9 times the cost of college! How can one rely on more than hope to reach their retirement goals? Plus, Andy gives some insight on the biggest threat to retirement plans.
Radio Show Highlights
A New Hope vs. A New Plan – Trying to reach a goal without any sort of plan is simply “raw hope”, which has no place in your retirement planning. Andy offers a way to get started on a real plan.
Ask Andy: Risk Assessment – Lee calls in from Grand Rapids, and he’s curious about differing returns from multiple advisors, though seemingly using the same approach to risk tolerance.
The Enemy of Retirement Plans – Inflation can have a huge impact retirement plans, so what is needed to outpace inflation and not run out of money in retirement?
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“Investment News 2017 Top RIA” refers to Financial Engines Advisors L.L.C., which, as of May 1, 2017, is #1 out of 1,906 independent investment advisors as measured by assets under management (AUM) according to this methodology: InvestmentNews qualified 1,906 firms headquartered in the United States based on data reported on Form ADV to the Securities and Exchange Commission as of May 1, 2017. To qualify, firms must have met the following criteria: (1) latest ADV filing date is either on or after January 1, 2017, (2) total AUM is at least $100M, (3) does not have employees who are registered representatives of a broker-dealer, (4) provided investment advisory services to clients during its most recently completed fiscal year, (5) no more than 50% of amount of regulatory assets under management is attributable to pooled investment vehicles (other than investment companies), (6) no more than 25% of amount of regulatory assets under management is attributable to pension and profit-sharing plans (but not the plan participants), (7) no more than 25% of amount of regulatory assets under management is attributable to corporations or other businesses, (8) does not receive commissions, (9) provides financial planning services, (10) is not actively engaged in business as a broker-dealer (registered or unregistered), (11) is not actively engaged in business as a registered representative of a broker-dealer, (12) has neither a related person who is a broker-dealer/municipal securities dealer/government securities broker or dealer (registered or unregistered) nor one who is an insurance company or agency.
*This is a partial listing of Financial Engines’ customers as of December 31, 2016. These companies have consented to disclosure of their relationships with Financial Engines. This does not constitute an endorsement or approval of the advisory service provided. Third-party marks appearing on this site are the property of their respective owners.