Independent Broker/Dealer Launches Retirement Preparedness Tool

Independent broker/dealer tools are becoming more sophisticated, as Iowa-based Cambridge brings a new tool to advisors.  Cambridge advisors will now have the ability to assess the retirement preparedness of clients and prospects.

The tool incorporates a 20-question assessment instrument focusing on current retirement planning and the client’s expectations for  retirement income and expected expenses.

The tool assembles responses and delivers a resulting score indicating a level of preparedness for the client.  RetireTRAC also includes videos that advisors can offer to help clients  improve their personal scores.

For a more in-depth look at this and other top stories of this week, visit Fred Barstein’s article 401(k) Real Talk.

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