Advisors Strive For Retirement Plans With ‘Reasonable Spending,’ Survey Says

A Russell Investments survey found that ensuring “reasonable spending” by clients was a top priority among advisors when serving those who are near or in retirement.

Russell Investments’ latest Financial Professional Outlook survey of 234 financial advisors across the nation found that 52 percent said “setting reasonable spending expectations” was their top challenge in serving clients near or in retirement. This was followed by “maintaining sustainable plans” (44 percent), “determining sustainable spending policy” (33 percent) and “maintaining a scalable service model” (26 percent).

Twenty-five percent of advisors said they based their client’s retirement spending plan on pre-retirement spending patterns. This was followed by 22 percent who use the “4% rule” and 19 percent who use a time-segmented bucket strategy.


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