America stands on the cusp of the greatest wealth transfer in its history, principally from employers' defined contribution plans to myriad self-directed retirement plans
In the '80s we started self-directed retirement plans
Let me also add three investment-related trends: the increase in online investing/trading (especially via mobile apps); the decline of defined benefit (DB) plans; and the increase of self-directed retirement plans
We uniquely cater to a broad range of discerning investors seeking self-directed retirement plans
, as well as alternative investment opportunities," said Gleich.
Those who don't have self-directed retirement plans
can't hold them in a tax-exempt account, something even the tax efficiency of ETFs can't overcome.
The average investor got much more involved in stocks through self-funded and self-directed retirement plans
," Taylor said.
INSURANCE AGENTS serving as investment advisors, as well as sponsors and beneficiaries of such self-directed retirement plans
as 401(k)s and individual retirement accounts will benefit from new roles dealing with the issue that have been proposed by the Department of Labor, say officials at the National Association of Insurance and Financial Advisors.
We're seeing clients turn to CPAs for help designing and implementing their financial and investment plans," he added, noting that the rapidly growing number of self-directed retirement plans
, coupled with the transfer of wealth to baby boomers from their parents, have transformed financial planning from a privilege into a necessity.