September 20, 2005

Learning How to Retire

By AB Staff

Are Boomers taking retirement seriously? Greg Olsen, CFP, CLTC, has his doubts. A partner at Lenox Advisors (www.lenoxadvisors.com), working extensively with high-net-worth individuals, Olsen finds a lot of misconceptions that advisors have to clear up. Boomers seem to have only vague ideas about issues ranging from how much money they'll need, to what they'll have to do about healthcare coverage. So we spoke with Olsen about some of the drawbacks to early retirement, some great options in the long-term-care insurance market, and what happens if clients live too long, or not long enough.
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