When it comes to retirement planning, many clients tend to underestimate retirement risks because they rely on Social Security benefits and pension plans to cover retirement expenses. But retirement risks, such as retiring in a down market, can cause even the most carefully laid plans to fall apart.
For example, in 2008, a $500,000 portfolio was reduced to $259,971.1 Waiting for recovery can be tough, especially for the 53% of people who retire earlier than expected – and most often not by choice. 2 This is just one example of why it is important to consider guaranteed income as a way to protect a retirement plan.
Help get clients confident about retirement
You can help clients feel more confident in their future plans by starting a conversation about guaranteed income. Find out how our free resources can help you identify opportunities, grow referrals and instill retirement planning confidence amid life’s uncertainties.
Let’s deliver on our promises. Together.