What are your peers doing to prepare?

Advisors are well aware of the coming retirement boom, and indicate that they feel pretty confident in their abilities to handle the investment issues that come with retirement. They’re a little less sanguine about their ability to handle non-investment issues like retiree healthcare and living arrangements.

According to Rydex AdvisorBenchmarking’s fall supplemental survey, conducted last November among 333 RIAs, 64% of respondents consider themselves well equipped in the area of wealth retention, but only 48% feel they have adequate knowledge of the healthcare issues facing retirees, while 50% say they’re knowledgeable on retiree living arrangements.