+ Understanding Retirement The need for context in investor education IFIE -IOSCO 2013 Global Investor Education Conference Barry LaValley The Retirement Lifestyle Center Barry LaValley Retirement Lifestyle Center
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Understanding Retirement The need for context in investor education
IFIE -IOSCO 2013 Global Investor Education Conference Barry LaValley The Retirement Lifestyle Center
Barry LaValley Retirement Lifestyle Center
+Key thoughts…
n The challenge of "boomer retirement”
n Retirement literacy: the myths and misconceptions of boomers about retirement and aging
n The limitations on advice from retirement advisors
n The need for context: Relevant retirement education
Barry LaValley Retirement Lifestyle Center
Barry LaValley Retirement Lifestyle Center
+Boomers are changing the face of retirement
n The aging population in North America, Australia and New Zealand
n Retirement redefined
n Traditional planning models challenged
n Search for context
Barry LaValley Retirement Lifestyle Center
+ Not your parent’s retirement!
Barry LaValley Retirement Lifestyle Center
+Some myths and misconceptions…
n Retirement could be the longest life phase
n Retirement is a thirty-year long weekend
n Retirement is a happy couple sitting on a beach
n Planning is the same as a bucket list
n Retirement success is guaranteed by reaching a number
Barry LaValley Retirement Lifestyle Center
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Barry LaValley Retirement Lifestyle Center
+The retirement challenge for women
n Financial literacy
n Life on their own
n Financial security
n Planning issues different from Men’s
Barry LaValley Retirement Lifestyle Center
+The challenge for financial advisors
n Provide much of the retirement advice today
n Focus on money and accumulation
n Ageism and stereotyping
n Lack of empathy
Barry LaValley Retirement Lifestyle Center
+ Planning Issues in Retirement!
Helping and protecting Family
Protecting and enjoying lifestyle
Achieving Financial Comfort
Plan for Expected and unexpected
Building a Legacy
Helping Children
Assisting Parents
Enjoying Lifestyle Education
Replace Income
Family Security
Personal Health
Long-Term Care
Protecting Business
Manage Nest Egg
Generate Income Pay Less Tax Saving for
Future Lifestyle Income
Clarifying Vision
Health Challenges
Manage Change
Housing Options
Lifestyle Enjoyment
Wills and Instructions
Preserve Estate
Directing Estate
Giving to Charity Living Legacy
Barry LaValley Retirement Lifestyle Center
+Providing relevant education
n Understanding aging issues
n Life planning approach
n Programs for women
n Realistic planning process
n Leveraging community expertise
Barry LaValley Retirement Lifestyle Center
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