Successful, high income earners, well educated, analytical, concerned
about their future, a desire to make smart, well informed
decisions about their financial future describes out typical
baby boomer client. Time is a precious commodity. The pressures
of a successful career, raising a family, ageing parents
all add up to more complexity and fewer hours available to
review alternatives for managing wealth and achieving financial
goals.
Statistics point
to increased longevity and lifestyle choices may increase the
cost of retirement or "independent living".
One in twenty baby boomers will reach age 100. Social security
may or may not be available for their entire lifetime. If there
is not a defined benefit plan in their work history, the funds
to support their lifestyle at retirement will have to come
from savings. Rapidly rising health care costs and availability
of cutting edge but expensive treatments will continue to add
to the costs of retirement.
Factor in depression era parents who are also living longer
and their health can add physical, financial and emotional
tolls to a baby boomer's life. These issues can arise at the
same type children are attending college and the boomer is
focused on winding down their career.
Creating a plan, assessing risk, implementing strategy, evaluating
options, having realistic expectations and regular reviews
are all part of what we provide for the baby boomer client.
Access to information electronically, at any hour of the day,
communication via e-mail as well as the traditional methods
can help with time management. High touch, personal service
keeps them informed and up to date.
Securities
offered through LPL Financial - Member FINRA,
SIPC
