Retirement Reboot: Embracing Goal Based Investing

Traditional retirement planning is under siege.  After two bear markets in the last decade, industry insiders are challenging some long-held assumptions.  One such assumption is defining “success” without context, as in positive return against a benchmark.  Retirement plans used to be considered “on track” as long as they met or beat a benchmark, regardless of potential risks.  Now, however, many retirement planners see investing as more than arbitrary numbers on a chart. “ Behavioral finance ” is now a key component of long-term planning.  In years past, advisors typically would build retirement plans to concentrate on return cravings rather than life needs. …