RETIREMENT PLANNING – A SWOT ANALYSIS

This week we’re going to list the 5 topics that go into the SWOT analysis — join me back here for the next 5 weeks for an explaination of each section —

1. Strengths:
   

   a. How Much is in Retirement Assets

   b. Persistency of Workforce

   c. Tax Environment

   d. Inflation

   e. Cheap Money

   f. Location of Your Clients

2. Weaknesses
   

   a. Debt

1. Household

2. Country

3. States

b. Unemployment

c. Longevity

d. Entitlement Programs

e. Underfunded Retirement Plans

f. The Shift to Self Help Retirement Plans

g. Increasing Volatility of Market

3. Opportunities:

a. Cultural Shift – Information age to Connected Age

b. Change in Work Structure

c. Team/Integrated Approach

d. Product Innovation

4. Threats:

a. Longevity

b. Increased Complexity of Financial Instruments

c. Increased Accounting & Financial Regulation

d. Aging of Financial Professionals

e. Entitlement Culture / Attitudes

5. How do we proceed:

a. Forming Teams of Trusted Partners

b. Communicating with Clients

c. Self Care