Flipping The Switch On An Annuity Income Stream
March 23, 2016 by Rich Lane
When it comes time to discuss retirement planning with your clients, focus on the core thinking behind their goals: building financial security for the latter part of life. Given recent market uncertainty, your clients may be more inclined to take a conservative approach to their investing. Recommending financial vehicles that maintain a balanced portfolio can offset market concerns and set your clients up for a comfortable retirement.
One of the best ways to help a client build confidence in his or her financial plan is by recommending the client lock in a portion of his or her savings into a guaranteed lifetime income using a fixed annuity. A fixed annuity complements an existing investment portfolio while helping ensure your client generates income for his or her post-retirement years — regardless of how the market performs.
In addition, a fixed annuity can easily be positioned for your client, no matter what the retirement income situation may be, as it can be turned from an accumulation vehicle to an income stream if your clients determine they need supplemental income. As such, it’s important to talk with your clients about when they may plan to take income from the annuity so that you can best position the right type of fixed annuity. Click HERE to view article
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