Successful retirement takes planning and vision, which unfortunately less than 3 percent of Americans have pursued.
Greensboro, NC (PRWEB) October 24, 2013
Stearns Financial Group, a wealth management firm with offices in Chapel Hill and Greensboro, NC, recently released the results of a study of the business and personal trends that more than 150 Triad c-level executives of private companies are most concerned about for their future.
Ranking top of the list for business trends was the impact of “super trends” on health care innovation versus Obamacare and business health insurance costs. Second was interest in how threats and opportunities of the next generation of “technology accelerators” will impact even low-tech businesses.
“We are facing a time of unprecedented change with the convergence of three super trends approaching at full speed,” notes Dennis Stearns, president of Stearns Financial Group and nationally recognized super trends authority. “Many of these trends are changing the normal path of the business recovery. Understanding how these trends will impact business is paramount to continued success.”
The super trends include Technology Accelerators, the Global Age Wave, and Globalization. Technology Accelerators refer to the influx of new technology that will change how we conduct business and life in the future. The Global Age Wave accounts for the increase in longevity and our aging population while Globalization is the trend of our world becoming smaller from a perspective of doing business with industries across the globe.
The personal trends CFOs honed in on included how the super trends will impact their investment strategy, including stocks, bonds and real estate and—most importantly—how super trends will impact their future retirement and aging decisions.
According to Stearns, the Global Age Wave trend is directly impacting these personal concerns due to our increased life expectancy. “Our clients are taking care of their health and plan to live very long lives,” Stearns says. “To be an effective wealth manager, we have to plan for considerably more spending than the last generation while also realizing that every day is a gift - squirreling every dollar away may create an unhappy result. Successful retirement takes planning and vision, which unfortunately less than 3 percent of Americans have pursued.”
The study was conducted at a regional CFO conference in Greensboro, N.C. where Stearns was a speaker on super trend research and the potential headwinds and tailwinds of these trends.
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Stearns Financial Group is a fee-based wealth management firm and investment advisor with offices in Chapel Hill and Greensboro, North Carolina. For more information on SFG visit http://www.StearnsFinancial.com.