Baby boomers have a different set of expectations for retirement, and that requires advisors to shift their approach to planning, says Dan Veto of research firm AgeWave. Soon-to-be retirees have higher goals for what they're capable of, but they need greater certainty of financial stability in retirement, Veto says. "Clients need the right tools and a guide to help them navigate the waters. They've never been retired before," he said.

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