Personal or Portfolio?
A recent white paper offers a helpful way to frame the risks of retiring successfully — dividing them into “Personal” risks and “Portfolio” risks.
- Personal Risks: Longevity, healthcare, family obligations, and housing needs.
- Portfolio Risks: Inflation, market volatility, global uncertainty, demographic shifts, and taxes.
While the paper was published by an annuity carrier (and may not be something you’d hand to clients), it provides a useful framework for conversations around retirement risk. It even ties these risks to Maslow’s Hierarchy of Needs, helping align a client’s financial goals with their personal priorities.
Retirement Planning is Full of Risks
Retirement Risk Management
Longevity Protection – lifetime income annuities are the ultimate way to make sure your clients have the income they need. You can choose to have guaranteed lifetime income start now or at some future date.
Decumulation planning is complex, and some will want to have a safety net. Annuities instill peace of mind and provide a guaranteed income stream starting today or tomorrow. Adding lifetime income on top of other guaranteed income streams like pensions and social security, protects the downside leaving other assets to grow.
Key Questions:
- Which clients would benefit from additional guaranteed lifetime income?
- Which retirement risks should they retain – and which ones should they insure?
Launch the links below to learn more.