Retirees are more concerned about wealth protection and spending with a focus on ensuring a steady income stream throughout retirement rather than growing wealth. Decisions need to be made on how to invest in the most tax effective manner, but always considering a client’s appetite for risk. Changes in government legislation and the economic environment and changes in client circumstances make it necessary to regularly review the retirement plan, and where appropriate, update the plan so it continues to be effective and relevant to the client’s needs and objectives.
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