Sentences with phrase «age of a financial advisor»

There are 10,000 baby boomers retiring every day for the next 20 years, so obviously many advisors will be retiring as well, considering the average age of all financial advisors in somewhere in the 50s.

The average age of a financial advisor is 55 and there are more financial advisors over 70 than under 30!

Not exact matches

Households that spend $ 50,000 at age 65 tend to see a decline by about 15 percent over the next 15 years and 20 percent by age 85, according to Jonathan Guyton, a certified financial planner and principal at Cornerstone Wealth Advisors, in an article in the Journal of Financial financial planner and principal at Cornerstone Wealth Advisors, in an article in the Journal of Financial Financial Planning.

The majority of US respondents (60 %) across all age groups considered a financial advisor important both to the planning process and in generating income during retirement.

In an age where there are more financial advisors over the age of 70 than under the age of 30, we at Hylland Capital think it's time to bring some fresh air into the profession...

An investor's best defense against fraud, regardless of age, is to ask questions, research the suggested investment, do a background check on the advisor (see Chuck Jaffe's article on page 27) and talk to family members about any big financial decisions.

He worked as a service advisor in the automotive industry (which you'll note is not the finance industry), earned a very modest middle class salary, and has the goal of achieving financial freedom by the age of 40.

Most financial advisors recommend saving at least 15 percent of your income and no age group is hitting that average.

Matthew Ardrey, wealth advisor with Toronto - based Tridelta Financial says that once the spouse with the larger RRIF is 65 or older, the income - splitting aspect of the spousal RRSP is really no longer necessary: «Income from a RRIF may be split up to 50 per cent once the annuitant is age 65.

Survey data also showed that while 41 percent of 35 - to 44 - year - old respondents are invested in a workplace retirement plan, a third (34 percent) of respondents in that age group said they haven't thought about their approach to employing different sources of retirement income and less than a quarter (23 percent) currently work with a financial advisor.

Our financial advisor [feels] that we should deplete our savings completely and then turn to our RRSP fund at RRIF age [of 71].

Investment Options Most 401 (k) plans have several options for investing your retirement savings and some may even offer the services of a financial advisor to help you choose the right mix for your age and investment goals.

In a new survey of financial advisors released by Allianz Tuition Insurance, nothing prompts greater stress for clients with children under the age of 18 than saving enough for college tuition.

In order to make the insurance application process easier for advisors and clients, iA Financial Group is announcing the easing of medical requirements for clients aged 50 and under who apply for life insurance coverage of less than $ 500,000.

In this age of automation, it's tempting to pick a financial advisor by simply Googling «financial advisors in my area.»

Many financial advisors will recommend people of this age range to purchase term life insurance because the older people get, the less insurance they typically need.

Growth in field is mainly attributed to the aging population; as «large numbers of baby boomers approach retirement, they will seek planning advice from personal financial advisors» (San Diego Union Tribune).

Hiring the services of an experienced financial advisor may be all that you need to be financially secure in your old age.

Anyone planning for retirement, no matter what their age, needs to take those changes into account, says financial advisor Philip Rousseaux, a member of the esteemed Million Dollar Round Table association's exclusive Top of the Table forum for the world's most successful financial services professionals.

Anyone planning for retirement, no matter what their age, needs to take those changes into account, says financial advisor Philip Rousseaux, a member of the esteemed Million Dollar Round Table association's exclusive Top of the Table forum.

«As we age, usually our medical or long - term care expenses increase, sometimes depleting our assets to a level of crisis,» says financial advisor Jake Lowrey, president of Lowrey Financifinancial advisor Jake Lowrey, president of Lowrey FinancialFinancial Group.