“Today’s savers face longer lifespans and less access to pensions, and safety nets like social security cannot be relied on as a sole source of income in retirement. Considering this longevity opportunity, savers should look to solutions that offer guaranteed lifetime income to further diversify their portfolio and help them reach retirement income goals,” says
Research shows that savers have a strong desire to live a financially comfortable retirement, yet almost two in five express concerns over having enough money to maintain the lifestyle they want. Many savers are also uncomfortable with the risk of losing the money they’ve worked to save, and do not feel knowledgeable about how to protect their portfolios against investment risk1.
“In today’s low interest rate environment and with equities at an all-time high, advisors have a unique opportunity to educate savers on solutions that provide a known source of income and financial protection. This also includes helping them to lock in potential gains available in the current market to generate the income they need in retirement,” added
Throughout the week
The webinars will also be available after National Retirement Planning Week through the IRI site: http://www.irionline.org/conferences/webinars.
“Annuities can provide savers with income they can’t outlive, and that can never go down. But education on the role of income in retirement is important, and talking with an advisor to learn more can help savers feel more confident in adding guaranteed lifetime income to a well-rounded retirement income plan,” concluded Kennedy. “Financial professionals play an important role in helping savers understand the spectrum of solutions available and how they can be in their best interest as they plan for retirement income.”
Each year National Retirement Planning Week encourages and promotes positive savings behaviors among Americans, through tools and resources to help them plan for their financial needs in retirement.
For more information about National Retirement Planning Week, visit: https://www.retireonyourterms.org/NRPW
Lincoln Financial Group® affiliates, their distributors, and their respective employees, representatives, and/or insurance do not provide tax, accounting, or legal advice. Please consult an independent advisor as to any tax, accounting, or legal statements made herein.
Variable annuities are long-term investment products designed for retirement purposes and are subject to market fluctuation, investment risk, and possible loss of principal. Variable annuities contain both investment and insurance components and have fees and charges, including mortality and expense, administrative, and advisory fees. Optional features are available for an additional charge. The annuity’s value fluctuates with the market value of the underlying investment options, and all assets accumulate tax-deferred. Withdrawals of earnings are taxable as ordinary income and, if taken prior to age 59½, may be subject to an additional 10% federal tax. Withdrawals will reduce the death benefit and cash surrender value.
Investors are advised to consider the investment objectives, risks, and charges and expenses of the variable annuity and its underlying investment options carefully before investing. The applicable prospectuses for the variable annuity and its underlying investment options contain this and other important information. Please call 888-868-2583 for free prospectuses. Read them carefully before investing or sending money. Products and features are subject to state availability.
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