Tag : Financial Planning Guide

In my post “The Big Flaw in Retirement Calculators”, I discuss the risk of using an assumed, fixed rate of return in the typical retirement calculator. However, many financial advisors use this flawed calculation every day to plan their clients’ future. This begs the question, “If this practice puts their clients at risk, why is it commonplace for advisors to do it?” The answer to this is part of a larger, overlying issue: financial advisors are focusing on the wrong things when it comes to creating financial plans for their…