PLANADVISER - May/June 2021 - 15
and more assets. The conclusion is that we
may not be accurately projecting people's
retirement arc. We might expect a given
client to live to 83, but they could live 10
or 15 years longer, which will have a big
impact on the plan. "
Blanchett pointed to an approximately
14-year difference in life expectancy for
a smoker who is in poor health versus a
nonsmoker in excellent health. " Incorporating
this information is central to
defining an appropriate expected retirement
period, " he said.
" There is a huge educational opportunity
here for advisers. If you don't do this
work, your clients won't understand how
much they need to save, how much they
can spend and how long they can expect
to enjoy their retirement. "
One other key factor is the start date
of a person's retirement. " The data show
that people tend to retire about four years
before they planned to, " Blanchett said.
" Obviously, that gap can significantly derail
any plan and can really damage people's
standard of living in retirement. One basic
rule of thumb is that people who expect
to retire over the age 61 will retire earlier
than planned, and the further out their
expected retirement date is, the bigger
the gap between the actual and expected
retirement dates. " -John Manganaro
➜ Carillon Tower
Advisers has named
Robert D. Kendall as
president, effective May
7. Kendall, who formerly
served as CEO of DWS
Americas, will lead
Carillon's strategic growth
efforts and business
development, globally.
COVID-19-Related Withdrawal Regret?
Of those who
took loans or
withdrawals
from their retirement
plan ...
Source: Voya Financial
68% 47%
said they're in a better
place financially due
to the withdrawal
said they took more
money than they
needed
Medical Costs When Retiring Today
What a couple could expect
$300k
$143k
$210k
(single men)
$157k
(single women)
$36k
2002
2011
Source: Fidelity's 20th Annual Health Care Cost Estimate
2021
➜ Custodia Financial
has appointed property
and casualty insurance
industry veteran Mark
Herman as president,
reporting to CEO Tod
A. Ruble. Herman had
previously supported the
company as an investor
and strategic adviser.
➜ John Hollyer, principal
and global head of
Vanguard Fixed Income
Group, will retire at
the end of June. Sara
Devereux, global head of
rates, will succeed Hollyer
at the helm of the fixedincome
team.
➜ Kaitlin M. May
will assume the role
of head of Putnam
Global Institutional
Management (PGIM)
upon the retirement of
Jeffrey L. Gould.
➜ Investment consulting
firm LCG Associates Inc.
has promoted Claire
P. Chotiner to chief
operating officer and
member of LCG's board
of directors.
planadviser.com May-June 2021 | 15
➜
http://www.planadviser.com
PLANADVISER - May/June 2021
Table of Contents for the Digital Edition of PLANADVISER - May/June 2021
Publisher’s Note
Compliance News
Data Points
Trends
Eyes On The Investment Menu
2021 PLANADVISER DCIO Survey: The State Of DCIO
The Promise Of Sustainable Investing
Wealth Transfers On The Horizon
Rollovers And Fiduciaries
Caution Needed Regarding Rollovers
Advisers Giving Back
PLANADVISER - May/June 2021 - Cover1
PLANADVISER - May/June 2021 - Cover2
PLANADVISER - May/June 2021 - 1
PLANADVISER - May/June 2021 - Publisher’s Note
PLANADVISER - May/June 2021 - 3
PLANADVISER - May/June 2021 - Compliance News
PLANADVISER - May/June 2021 - 5
PLANADVISER - May/June 2021 - 6
PLANADVISER - May/June 2021 - 7
PLANADVISER - May/June 2021 - Data Points
PLANADVISER - May/June 2021 - 9
PLANADVISER - May/June 2021 - Trends
PLANADVISER - May/June 2021 - 11
PLANADVISER - May/June 2021 - 12
PLANADVISER - May/June 2021 - 13
PLANADVISER - May/June 2021 - 14
PLANADVISER - May/June 2021 - 15
PLANADVISER - May/June 2021 - 16
PLANADVISER - May/June 2021 - 17
PLANADVISER - May/June 2021 - Eyes On The Investment Menu
PLANADVISER - May/June 2021 - 19
PLANADVISER - May/June 2021 - 20
PLANADVISER - May/June 2021 - 21
PLANADVISER - May/June 2021 - 22
PLANADVISER - May/June 2021 - 23
PLANADVISER - May/June 2021 - 24
PLANADVISER - May/June 2021 - 25
PLANADVISER - May/June 2021 - 2021 PLANADVISER DCIO Survey: The State Of DCIO
PLANADVISER - May/June 2021 - 27
PLANADVISER - May/June 2021 - 28
PLANADVISER - May/June 2021 - 29
PLANADVISER - May/June 2021 - 30
PLANADVISER - May/June 2021 - 31
PLANADVISER - May/June 2021 - 32
PLANADVISER - May/June 2021 - 33
PLANADVISER - May/June 2021 - The Promise Of Sustainable Investing
PLANADVISER - May/June 2021 - 35
PLANADVISER - May/June 2021 - Wealth Transfers On The Horizon
PLANADVISER - May/June 2021 - 37
PLANADVISER - May/June 2021 - Rollovers And Fiduciaries
PLANADVISER - May/June 2021 - Caution Needed Regarding Rollovers
PLANADVISER - May/June 2021 - Advisers Giving Back
PLANADVISER - May/June 2021 - Cover3
PLANADVISER - May/June 2021 - Cover4
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https://www.planadviserdigital.com/planadviser/november_december_2018
https://www.planadviserdigital.com/planadviser/september_october_2018
https://www.planadviserdigital.com/planadviser/july_august_2018
https://www.planadviserdigital.com/planadviser/may_june_2018
https://www.planadviserdigital.com/planadviser/march_april_2018
https://www.planadviserdigital.com/planadviser/january_february_2018
https://www.planadviserdigital.com/planadviser/november_december_2017
https://www.planadviserdigital.com/planadviser/september_october_2017
https://www.planadviserdigital.com/planadviser/july_august_2017
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