headshot of Michael Kitces Retirement planning is one of the key services advisors provide, but it can be difficult. There is no one-size-fits-all model because the circumstances and needs of individuals and couples differ widely and unlike asset management, retirement plans must take into account both sides of the ledger — assets and liabilities.
Moreover, says Michael Kitces, head of planning strategies at Buckingham Wealth Partners, current industry tools for retirement planning “are not very good.”
For example, they don’t provide an adequate framework to adjust from from two people in a couple to one, based on different longevity rates, said […]
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