The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:OppFunds Rolls Out Retirement Income Planning Program Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, August 09, 2006

OppFunds Rolls Out Retirement Income Planning Program

by: Armie Margaret Lee

OppenheimerFunds is lending financial advisors a hand in crafting retirement income plans for boomer clients. The New York-based firm has rolled out a bevy of tools aimed at helping advisors create retirement income plans during what it calls the "Transition 10" years.

For the five years preceding retirement or "plan years," Oppenheimer is offering tools to help advisors review their clients' complete portfolios and determine whether changes are necessary. During the first five years in retirement or "can years," advisors can avail of tools that will help evaluate and tweak plans based on the experience of living in retirement.

"Advisors need to help clients envision what their retirement will look like, and secure the income they need to meet their retirement goals," said Kathleen Beichert, senior vice president and director of strategic retirement plans at OppenheimerFunds.

"While often clients say they are comfortable developing and sticking to a budget, one of advisors' biggest challenges is helping them understand that the budget process is complicated and challenging," she added.

Beichert cited a recent study by McKinsey & Co. which found that 75 percent of investors in the 45 to 55 age range will seek the services of an advisor for the first time or change financial advisors to address retirement issues.

OppenheimerFunds is offering materials that support a four-step process it has developed for advisors to help clients. The process includes understanding, analyzing, implementing and monitoring.

"While we've identified the 'Transition 10' years as the most critical in terms of retirement income planning, we understand the process does not begin or end there," Beichert said.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use