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.
