Investment Executive Print and InvestmentExecutive.com - Withdrawing Retirement Assets
Toronto (September 1, 2016) With almost 1,200 Canadians set to retire each day for the next 15 to 20 years, wealth decumulation - rather than wealth accumulation - will become a crucial issue for many clients.
These unknowns have a direct impact on implementing appropriate investment strategies to ensure that your clients do not outlive their retirement savings and have what Matthew Williams, senior vice president and head of defined contribution and retirement at Toronto-based Franklin Templeton Investments Corp., defines as a "sustainable withdrawal rate to ensure a safe passage" through retirement.
"Many [financial] advisors are looking to sharpen their edge in this space; [decumulation] should not be an entirely new concept to them," says Sam Febbraro, executive vice president, advisor services, with Investment Planning Counsel Inc., and president & CEO of Counsel Portfolio Services Inc. in Mississauga, Ont.
Source: Investment Executive Print and InvestmentExecutive.com