A rare bird to be on the lookout for.
Retirement Income Specialists are a very rare breed of financial planner.
So rare, in fact, that to date, the clear majority of Canadians are unaware of their existence and consequently very few have benefited from the very valuable and much needed services they provide.
This new specialized category of financial advisor is at the leading edge of strategically assisting Canadians to convert their accumulated retirement nest egg into a reliable and sustainable income stream.
Boomers face new challenges and new opportunities
These challenges are not for the faint of heart. With Baby Boomers living longer, the years to be funded have increased significantly.
There is no clear path to follow, as Baby Boomers are redefining retirement in terms of both planned activity level and their desire to slowly transition out of active employment. Most importantly, Baby Boomers represent the first generation where the vast majority of retirees will be left to their own devices to cobble together a process to fund their lifestyle after work ends.
Boomers’ parents and grandparents enjoyed the luxury of a company-sponsored pension plan, where talented, disciplined pension plan managers assumed the daunting responsibilities.
Never before in history have there been so many people left to their own devices to fund their life after work.