According to a survey conducted by Russell Investment, although six out of ten financial advisors in the U.S. have baby boomers who are about to retire as the majority of their clients, they differ in how to develop retirement plan for the clients.

The survey shows that while 25 percent of the responding financial advisors said they adjusted the retirement planning for their clients based on the clients’ pre-retirement spending, 22 percent of the respondents used the simple ‘4 percent rule.’ In a different question, 38 percent of the advisors preferred risk profile questionnaire when approaching portfolio asset allocation, while 26 percent chose analysis of current assets and future liabilities.

For more survey results see Industry Divided on How to Manage Retirement Plans, Ryan Neal, WealthManagement.com.

Posted by Jin Keol Park, Associate Editor, Wealth Strategies Journal