One Question Advisors Should Be Asking
September 6, 2016 by Cyril Tuohy
Among the millions of workers in every generation — millennials, Generation X and Baby Boomers — lies a vast, simple opportunity for financial advisors: calculate a retirement savings goal by answering the question “How much?”
The question is simple to ask: How much does a worker need to set aside to retire?
Yet the answer is far more difficult to pin down, which is why so many people simply guess at the number they need to retire: $100,000? $500,000? $1 million?
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