What Boomers Need, and Aren’t Getting, From Advisors
May 15, 2019 by Jane Wollman Rusoff
It’s no secret: A curious thing happened to the self-involved “Me Generation” on the way to retirement: Baby boomers — big-time spenders in their Beatlemania youth and prime time — aren’t saving enough to see them through their golden years.
What’s not well known is that, oddly, the financial services industry is failing to make this whopping cohort of men and women, who control vast amounts of money, a focus of attention. Indeed, boomers are excluded from many financial services corporate efforts, argues Marcia Mantell, founder of Mantell Retirement Consulting (www.mantellretirementconsulting.com) in an interview with ThinkAdvisor.
“The boomers have been forgotten,” says the industry veteran, a former vice president of retirement at Fidelity Investments who has trained FAs for more than 25 years.
Click HERE to read the full story via ThinkAdvisor.
