Retirement Planning for Longer Life Expectancy
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Transcript of Retirement Planning for Longer Life Expectancy
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RETIREMENT PLANNING FOR LONGER LIFE EXPECTANCY
RICP® RETIREMENT INCOME CERTIFIED PROFESSIONAL®
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Baby boomers are living longer than previous generations.
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Many investment advisors are ill-equipped to address longevity risks of a retiree’s income plan.
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The RICP® program provides the knowledge to create an effective, long-term retirement income plan.
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Here are 3 strategic tactics the RICP® program covers:
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MONETIZING MATURING ASSETS
1
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Retirees struggle to convert their assets into a sustainable income
stream that will outlive them (or at the very least, keep pace).
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A healthy portfolio should have a variety of investments with different maturity dates.
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The RICP® designation equips you with strategies for monetizing assets
over the retirement period.
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The knowledge you gain will help you ensure their retirement assets last a lifetime or even beyond.
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2
DELAY SOCIAL SECURITY PAYOUTS
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When Social Security was established in 1935, average life expectancy was about 61 years.
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Now living well into their 80s, retirees must try to squeeze even more from these fixed benefits.
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According to the RICP® Retirement Income Literacy Survey, half of
Americans are unclear on the best time to claim Social Security
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As an RICP®, you’ll gain a better understanding of how Social Security fits into the retirement plan.
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You’ll also learn how to determine the optimal claiming age appropriate
for each client's situation
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3
CHOOSE OPTIMAL RETIREMENT AGE
Choose Optimal Retirement Age
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Rather than retire at the traditional ages of 62 to 65,
Boomers are working longer.
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Many Boomers aren’t ready to walk away from lifetime careers.
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Others aren’t sure if they have enough money to support them
through the retirement years.
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With the RICP®, you gain the background to evaluate a client’s current situation.
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An RICP® can recommend steps in achieving their client’s retirement goals and priorities.
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With the RICP® designation, you’ll understand how to best guide and advise your clients in retirement.
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You can help clients make the most of their savings in a retirement that
could extend into decades.
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RICP® RETIREMENT INCOME CERTIFIED PROFESSIONAL®
Are you interested in elevating your retirement income expertise and ability?Over 3,000 advisors have earned and more than 12,000 advisors have registered for the RICP®.
DOWNLOAD TODAY