As the Baby Boomers move into retirement, their $50 trillion in assets will move with them -- and they’ll need professional help with the transition, according to Roger Ochs, president and CEO of broker-dealer HD Vest Financial Services.
In his opening address at the company’s annual meeting for its financial advisors, Connect2016, being held this week in the Washington, D.C., area, Ochs explained that the 120 million households in the United States hold around $100 trillion in assets, in everything from homes and other real estate to retirement and investment accounts, to small businesses, and more. Boomers own roughly half of that, he noted, and as they transition to their post-work lives, they will need to figure out how to structure it so that it meets their income and spending goals.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access