A recent study from Vanguard’s Center for Retirement Research compared old-world versus new world approaches to retirement planning. The study found that half of the participants followed an old-world approach, using traditional sources for retirement funds such as Social Security and pensions. The new-world retirement planners were split between risk takers and the risk-averse. The take away from the study is that there is no one-size-fits-all approach that is being followed and financial advice should be geared towards situation specific planning.
See Robert Powell, There’s No One-Size-Fits-All Retirement Solution, Market Watch, June 8, 2014.
Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.
