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Wealth Professional | 05 Jun 2015, 09:15 AM Agree 0
It may be feast or famine for advisors over the next 20 years with new research pointing to a growing income gap between their richest and poorest clients.
  • Al Jacks | 05 Jun 2015, 12:35 PM Agree 0
    I hear that there is a new definition of Freedom 55: "it's when you last child turns 55!"
  • Victor | 08 Jun 2015, 04:02 PM Agree 0
    Thank you for shedding light on this interesting study. This has far reaching consequences that will be felt over the next 30 years. Here's a link to the full report:
  • Niki | 08 Jun 2015, 05:18 PM Agree 0
    I guy came in to see me on his 65th birthday. he was a professional, and had worked all of his life. His house was paid for--as were his cars. In the last 25 years he had averaged $250,000 to $350,000 per year before taxes and after business expences. He had zero savings and wanted to retire now. I asked him why he had never met with an advisor before, and he said he was too busy. Too late for tough love. Whenever he had enough money to go for a three week vacation, he did, and blew all his cash on expensive resorts. He had worked all his life--so his plan became to work for the rest of his life--because he had not set anything aside before, and he was not about to start now--or so he said. Every FA with a few years under their belt knows someone who made less than a third of that amount, and who has a couple million in liquid assets now. OK--maybe not every FA, just the good ones.
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