Retirement & Future Planning

Eventually, we will no longer be able to produce income the way we used to. Or in many cases, we will plan on a specific time when we will no longer want to produce income the way we used to. Either way, when either one of these occasions occurs, and at least one of them is inevitable, we will have to figure out how to produce income moving forward, when we no longer are capable or willing to produce it the way we did when we were working. We have to find a way to maintain the same standard of living after our working years.

Sound familiar? Most the time we just tell people they need to plan for retirement. However, saying it this way helps to really emphasize the NEED for retirement planning. With this in mind, planning for retirement is of huge importance. Unfortunately, retirement is one of the least understood aspects of financial preparation. Thankfully, however, you as a Financial Foundations user are the most equipped to discuss the matter with your clients.

There is a massive disparity in education regarding retirement planning, and for decades now, the conversations regarding the subject have been misdirected by the mutual fund industry and their stranglehold on the employer sponsored retirement plan. 401(k)s, IRAs, and the like have their place, and it's an important one, but their place is not producing income; such vehicles are built for future liquid savings. It's time to put the facts in your clients' hands, and that's where our presentation "The Real Goal of Saving for Retirement" comes into play. What's more, with our "Retirement Optimization Tool" and our "IUL Income Comparison Tool" you can show your clients how best to plan for future retirement income by using an IUL for income and their 401(k), IRA, ESOP, etc. for liquid retirement savings. Or, if your client doesn't have enough time left to sufficiently fund an IUL for income, use our "Deferred Annuity Income Comparison Tool" to show your clients how to use an annuity with an income rider to plan for retirement income more efficiently, whilst simultaneously leaving more of their hard-earned assets for liquid savings. Step 3: Retirement & Future Planning.