IRA Rollovers Are Huge Opportunity For Advisors As Boomers Retire And Money Is In Motion

Wednesday, February 13, 2013 01:44
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IRA Rollovers Are Huge Opportunity For Advisors As Boomers Retire And Money Is In Motion

Tags: 401(k) | IRA rollovers | retirement planning

IRA rollovers are about to become a major opportunity as Boomers begin retiring. Rollover contributions are projected to exceed $450 billion by 2017.
 
Cerulli reported that, by the end of 2012, rollovers from defined contribution plans were at the $315.7 billion mark.

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Assets in 401(K) plans totaled $3.1 trillion in 2011. Totals for all of these plans represent huge opportunity for asset managers and other providers.
 
Consistent contributions are a positive source of flows for asset managers even in lackluster markets.
 
Orphaned 401(K) plans are excellent opportunities for advisors to increase their assets under management.
 
Retirement looks to become an increasingly highlighted theme as the Boomer generation ages and opportunities will be created even from the movement of money from the mass affluent.
 
Financial planners and advisors have an excellent opportunity to review client goals, review strategies, and possibly reposition assets to accommodate changing needs of the largest and most influential population segment ever born.

 

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