Illustrate the Power of Protected Income Within Your Client’s Retirement Plan
Your client's retirement plan is unique, but many retirees share the same goals.
· Living Expenses
· Reserves to cover emergencies
· The fun stuff that brings joy, and provides purpose
· Leaving a legacy for your family, a charity, or something else
Remaining financially independent and understanding ways to ensure there is enough money to last a lifetime is of great importance to your clients.
When learning about retirement options and planning, clients can encounter lots of different perspectives—and it can sometimes be difficult to determine which ones are rumors versus which ones reflect reality. As a financial advisor, you’re in a good position to help clients make sense of it all.
See the Whole Picture features case studies using eMoney and Riskalyze to showcase the value of protected income, provided by an annuity with an add-on living benefit, as a key component in a holistic wealth plan.
What is an annuity:
An annuity is a long-term, tax-deferred vehicle designed for retirement. The principal value of variable annuities will fluctuate based on the performance of the underlying investment options and may lose value. Earnings are taxable as ordinary income when distributed and may be subject to a 10% additional tax if withdrawn before age 59½.
Add-on benefits are available for an extra charge in addition to the ongoing fees and expenses of the annuity and may be subject to limitations and conditions.There is no assurance an annuity with an add-on benefit will provide sufficient supplemental retirement income.
Guarantees are backed by the claims paying ability of the issuing insurance company.