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Where Do you Go for Financial Advice?
One problem keeping many advisers from having this discussion is that 43% say they do not have the proper solutions or tools to estimate health care costs in retirement.“Currently, many advisers will use their clients’ assumptions of their future health care costs to develop a retirement income plan,” said Kevin McGarry, director of Nationwide Financials’ retirement income strategies. “However, four in five clients underestimate their health care costs.”The 2012 Financial Advisors and Health Care Costs Study was conducted online within the U.S. by Harris Interactive on behalf of Nationwide between July 18 and July 25, 2012. The respondents comprised a representative sample of 501 financial advisers with at least 50% of their clients having $250,000 or more in total investable assets.
One problem keeping many advisers from having this discussion is that 43% say they do not have the proper solutions or tools to estimate health care costs in retirement.
“Currently, many advisers will use their clients’ assumptions of their future health care costs to develop a retirement income plan,” said Kevin McGarry, director of Nationwide Financials’ retirement income strategies. “However, four in five clients underestimate their health care costs.”
The 2012 Financial Advisors and Health Care Costs Study was conducted online within the U.S. by Harris Interactive on behalf of Nationwide between July 18 and July 25, 2012. The respondents comprised a representative sample of 501 financial advisers with at least 50% of their clients having $250,000 or more in total investable assets.
Kristen Heinzingereditors@plansponsor.com