Federal Insurance Office, U.S. Department of the Treasury, “Annual Report on the Insurance Industry,” 2013-09-01

cfgroupThe article reminds that it is now more than 30 years since the 401(k)/Individual Retirement Account model appeared on the scene. This do-it-yourself pension system has failed. It has failed because it expects individuals without investment expertise to reap the same results as professional investors and money managers. This is where financial planners can help. There are many aging Americans who will need suggestions on how they can plan to live the life they want.