Offer FIAs to take advantage of retirement income opportunities
February 15, 2016 by Peggy Bresnick
According to LIMRA LOMA Secure Retirement Institute research, approximately 66 million Americans are heading into retirement. By 2025, the number of retirees in the U.S. will explode, growing an astronomical 40 percent. This growth presents an unprecedented opportunity for advisors and brokers, as the last of the baby boomers and Gen X designate more than $25 trillion in financial assets for retirement income. This is roughly double the amount today.
Jafor Iqbal, assistant vice president of the Secure Retirement Institute and author of “The Retirement Income Reference Book 2015,” identifies three significant opportunities in the retirement income market for the industry in general and advisors in particular.