Advisers’ retirement planning role grows more crucial

Research from the International Longevity Centre-UK shows Americans must now save between 11% and 18% of their annual income to secure a comfortable retirement, making sound financial advice increasingly crucial. "With increasing emphasis on personal responsibility for retirement planning, people will need to be able to understand the benefits of deferring consumption for a later date, the value of investing in assets other than cash, the importance of asset diversification, and the virtues of buying some form of longevity insurance at the point of retirement," the study authors note.

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