Should advisers tell clients to follow the rule of thumb and reduce their expenses by 30% during retirement?

“The idea of having to reduce one’s budget to fit into a pre-determined financial framework may create a sense of sacrifice that makes the prospects for the future look dim,” says Claudia Mott, a CFP and the principal of Epona Financial Solutions in Basking Ridge, N.J.

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access