The importance of guaranteed income in retirement

Guaranteed income: A key to retirement security

Clients can feel more confident in the future they've worked hard for when a portion of retirement income is derived from guaranteed sources. Start a guaranteed income conversation with your clients and help them achieve the protection and security that's right for them.

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An extra layer of protection to recognize plan gaps

Even those clients who are secure in their retirement strategy may not recognize all potential gaps in their plan. As their trusted financial professional, you can help ensure they have considered all the possibilities and are prepared for whatever the future may hold.

Graphic depicting 81% of people who believe their retirement is secure.

Retirement income confidence is high

81% of retirees are confident they have enough money to take care of basic expenses,¹ but things may not go as expected.

Graph illustrating that 53% retire early, leaving gaps in their retirement income plan.

An unexpected event can derail the plan

Though clients may feel confident today, a forced retirement in a down market can put an income plan at serious risk.²

Graphic depicting risks to retirement income discussed in this video.

Retirement income: A look at the risks

You can help instill more confidence in your clients' retirement goals when they understand potential risks to their retirement income, like the effects of market volatility and increased longevity. Use this video to start the conversation. Need more help? Request additional resources below.

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Help clients understand the risks

It's easy for clients to underestimate the impact that unexpected circumstances can have on retirement savings and the long-term viability of a retirement plan. Here's why:

Illustration showing that retiring early can leave a substantial gap in income.

A longer-than-expected lifespan

Living a few years longer than expected, at an average of nearly $50,000³ per year, can quickly deplete retirement savings.

Graphic depicting high cost of long-term health care for retirees

Additional health care expenses

A retiring couple can expect to spend $295,000⁴ out of pocket on health care in retirement, excluding any long-term care.

Graphic depicting how a market drop can affect retirement savings.

Retiring in a down market

The 2008 market downturn is estimated to have reduced account value from $500k to just under $260k, a 48% drop.⁵

Professional and client discussing guaranteed income in a retirement plan

Build more confidence with a guaranteed income solution.

Help ensure your clients’ retirement plan is better protected from potential risks by adding a guaranteed income solution. Our retirement solutions solve for a variety of investment goals and preferences.