Retirement today is a lot like an iceberg, where 90 percent of what’s really taking place is below the surface, absent from ordinary investment conversations and mainstream retirement planning. Almost 100 percent of retirement planning is focused on financial issues and concerns, yet about 99 percent of life in retirement has very little to do with money. The retirement issues and opportunities that were never part of advisor/client discussions are now being thrust into mainstream planning; not necessarily by choice but because the new Age of Retirement requires a new and different planning path.
Gone are the days of retiring at 65, living on Social Security, a company pension and personal savings only to die at age 68. The advisor is now responsible for helping retirees prepare for the things that no one tells them about.
1) Health Is Wealth