
"Diversification will provide safety to ensure retirement funds will continue long after all the uncertainty we’re currently facing."
I’ve been in the business of retirement planning, and specifically annuities, for many years during which time I’ve been able to provide diverse and well-rounded retirement plans in partnership with our agents. In that respect, I’ve had several agents calling recently for out-of-the-box solutions because of the unique client situations and the worldwide environment. But it still comes down to one simple point, most clients are
looking for the same result, a secure and trustworthy retirement plan. On the other hand, they fear running out of funds during retirement. Diversification will provide safety to ensure retirement funds will continue long after all the uncertainty we’re currently facing.
One specific option I’ve utilized to ensure clients won’t risk exhausting their funds is by diversifying their portfolio with a Single Premium Immediate Annuity (SPIA). By keeping a portion of their retirement funds in a Fixed Indexed Annuity with an Income for Life rider and having an SPIA capable of turning into an income for some time, we could ensure a secure, long-lasting income. There are many options available to those planning for retirement. For example, we’re able to place a portion of their funds into a short-term Fixed Indexed Annuity just for the little fun things they’ll need, like vacations or an extra purchase, that they’ll be able to afford with their growth. Plus, they’ll still be able to fund other investments all the while.
At any point, ProducersXL and I can offer the right solutions for any client’s situation. We can assist in the process to guarantee your clients walk away from the table feeling secure in their decisions, even in this uncertain time.
Just because the rates fluctuate doesn’t mean we can’t provide solutions that ensure safe money that will be available for years to come.