Retirement planners focus on boomers' savings shortfall

01/21/2013 | AdvisorOne

Asset managers are fighting to help aging baby boomers who have under-saved for retirement as low yields and government efforts to cut entitlement spending threaten safety-net programs for the elderly, Joyce Hanson writes. "Advisors are preparing for a sea change in their practices," Sandy Cavanaugh of Russell Investments said in a statement. "Clients need more from them -- more time, more advice, more reassurance they are on track with their savings, and more personalized portfolios."

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