Forbes: Stoic Wisdom for Retirement
Executive Summary:
Retirement is as much a psychological transition as a financial transition.
1. Focus on what you can control.
2. Premeditate unexpected events and risks, but don't fear them.
3. Build a retirement life with meaning; find fulfilling ways to use your nest egg.
Read the full article HERE.
Forbes' recent article is packed with great content that advisors can share with clients. Retirement is supposed to be a time of financial independence that allows retirees to spend more time pursuing hobbies, take the trip they've always talked about, and do more with the people that matter most. Having the right mindset in retirement, as Forbes outlines, is crucial for ensuring retirees can live their dream in retirement!
Spotlight Client Solution*
One Product, Two Guarantees!
MassMutual Ascend just launched an income rider on their popular Legend 7 product, and it's topping the charts in many 3-5 year deferral scenarios!
Income: On a $100k deposit, a 65 year old is guaranteed $12k/year starting at age 70 and a 70 year old is guaranteed $11k/year at RMD age.
Growth: 7.25% S&P cap guaranteed at 7.25% for all 7 years of the surrender schedule
Notable Client Solutions*
5.70% Guaranteed for 5 years
Axonic's Waypoint MYGA tops the charts for A rated fixed rates.
5.70% compound 5 year rate
10% liquidity years 2-5
0.50% higher rate than any other A rated carrier offering 10% liquidity
Additionally, corrections on applications only require agent initials and dates which is an excellent service perk!
8.28% Immediate Income at Age 65
A 65 year old can deposit $100k with Talcott and start receiving $8,280/yr of income for life.
To put that into perspective, the same client would have to earn an average net return of 7.57% in investments to generate $8,280 of income from $100k and have the money last until they're 90 years old. If they live to age 95, that number jumps to 8.17%.
*Rates may be subject to premium banding. Products may not be available in all states. Replacement must be suitable and meet all requirements.
At Foundational Income, we strive to bring relevant topics and solutions to your fingertips in a straightforward way. We don’t see the need to keep products nor carriers a mystery. If you’d like to discuss any of this in more detail, give us a call!