As Americans are living longer, and fewer workers are projected to support tremendous growth in the retiree population, American savers may be responsible for funding a greater portion of their retirements than previous generations. Annuities offer a variety of ways to secure guaranteed lifetime income streams for your clients when they need to replace a paycheck in retirement, and ensure that they don’t outlive their savings as healthcare costs rise.
Poor market performance early in retirement can lead to losses that are impossible to make up—especially as retirees begin taking distributions. The last five working years, and first five years in retirement constitute a ‘fragile decade’ that retirees must navigate carefully for a successful retirement. With increased longevity, Americans cite ‘outliving my savings’ as their greatest fear in retirement (source: Transamerica). Read how James planned to meet rising medical expenses, and increase his odds of meeting financial needs in retirement by protecting his assets in the “fragile decade.”
10,000 baby boomers retire every day in the US. Of those, only 31% retire with a pension, and that number is shrinking. When your clients retire, they’ll need to replace a paycheck with reliable, predictable income streams. Low-cost, guaranteed income solutions on the RetireOne platform can be tailored to reach myriad client goals, without forcing annuitization, sacrificing control, or limiting choices. Read how Rebecca and her husband Dale created a personal pension that’s guaranteed for life.