How Do Your Clients Know They’re Ready For Retirement?

Jun 07, 2017

Retirement is a huge goal for people, especially those working with financial advisors. You’ve most likely spoken with countless clients about this topic. One day, they will face the question: Is now the right time to retire? Here’s how you can help them determine if they are truly ready. 


Have they budgeted for the lifestyle they’ve envisioned? If your clients imagined their retirement involving moving away from the suburbs and buying a property on the beach, make sure they have the budget for that lifestyle. Perhaps they want to travel, take art classes, or join a club/organization of some sorts. Have they budgeted for the costs that come along with these lifestyle changes?

Have they invested wisely? When saving for retirement, your clients may have invested in riskier stocks. Now that they are at retirement age, they may want to look at more conservative options to avoid losing out on a chunk of retirement funds due to a market crash. Some experts say to review their investments every year leading up to their retirement years. Try to get them in a sweet spot where they are still making enough return to retain their purchasing power.

Have they prepared for the unexpected? They can plan and plan and plan, but sometimes things happen that were not expected. An unexpected job loss, a medical emergency, an untimely death. All of these scenarios can throw any and all retirement plans for a loop. So, it’s wise to make sure your clients have protected themselves. Life insurance policies with living benefits can help cover the costs of these unexpected scenarios so your clients aren’t forced to dip into their retirement savings early.


Category: Retirement

Category List

Tag List

Interest Rates (1)
Baby Boomers (1)
selling (1)
Annuity Concepts (13)
FIA (1)
training (8)
underwriting (1)
Financial (4)
Life Insurance Trends (21)
hiring (6)
estate planning (2)
Retirement ACE (1)
premium deposit account (1)
Content Building (2)
savings (1)
Income (1)
Additional Earning (1)
Immediate Fixed Annuities (1)
business planning (6)
Facebook (2)
Life Insurance (91)
networking (1)
consumer marketing (6)
Index Universal Life (1)
illness (1)
Marketing (12)
Life Insurance Update Show (9)
Training Event (1)
business owners (4)
Market Exposure (1)
Life Insurance Check Up (6)
E-App (1)
Alternatives (5)
presentations (2)
living benefits (7)
social security (1)
Life Insurance Evaluation (8)
Tax Benefits (2)
Star Wars (1)
Retirement Investment (3)
life concepts (1)
PIA (2)
sales kit (2)
Sales Concepts (15)
tools (2)
Life Insurance Brokers (6)
march madness (1)
Gender Gap (1)
PBR (1)
Financial Planning (20)
Donation (1)
Variable Annuities (1)
IUL (13)
Brand Values (1)
sales presentations (2)
Retirement Strategy (4)
2019 (1)
Sales (25)
Pitch (1)
injury (1)
life insurance quotes (1)
Roth (1)
non-med (3)
funeral (1)
Asset-Based LTC (1)
Waste Management Open (1)
gul (2)
term (5)
Cash Value (1)
Charity (2)
Legacy Planning (1)
PPC (2)
Protection (1)
life insurance awareness (1)
Retirement (12)
Benefits (1)
Life Insurance Awareness Month (6)
Generation Y (1)
Best Rates (1)
business solutions (4)
industry trends (1)
Brokers (2)
Clients (2)
Tips (4)
private pension funding (1)
Advice (1)
quoting (1)
end of year (1)
Leaderboard (1)
Social Media (8)
Annuities (34)
Legacy (1)
Death Benefit (2)
Brokers Alliance Open (1)
Hybrid Products (1)
advanced planning (2)
rates (1)
Income Planning Academy (1)
leads (6)
review (2)
term life (9)
Quoting Tools (1)
IRA (1)
Fixed Annuities (9)
agent resources (1)
Millennials (6)
Alternative Investments (2)
final expense (1)
Executive Bonus Arrangement (1)
MYGA (10)
Investments (2)
Beneficiary (1)
Long Term Care (4)
Financial Legacy (6)
trends (1)
Life Insurance Broker (15)
Video On-Demand (2)
case studies (3)
Webinar (3)
Looking Forward, Giving Back (1)
Fixed Indexed Annuities (2)
Brokers Alliance (8)
Long-Term Care Awareness Month (1)
Insurance (21)
Indexed Annuity (3)
Premium Finance (5)
permanent life insurance (4)
life happens (1)
RMD (1)
Social Optimization (3)
Healthy Living (1)
Retirement Planning (24)
earning opportunities (1)
resources (2)
Health Care (2)
Required Minimum Distribution (1)
Breast Cancer Awareness Month (5)
virtual sales (2)
Charitable Giving (3)
Production (1)
Breast Cancer Research (1)
Life Quotes (4)
Media (2)
Prospecting (4)
Mobile App (1)
Universal Life Insurance (2)
buy sell agreement (1)
key person (1)
Deferred Fixed Annuities (1)
advanced markets (1)
products (5)
CSO (1)
analysis (1)
Annuity (2)
Gift (1)
Product Updates (1)
life 101 (2)
Compliance (1)
Annuity Update Show (11)
business (1)
DOL (2)

Tag Cloud

Video On-Demandlife happensadvanced planningLife Insurance EvaluationLife Insurance BrokerInsuranceAdviceleadsUniversal Life InsuranceDOLLife QuotesbusinessAnnuity ConceptsLong Term Careprivate pension fundingindustry trendsend of yearBrokers AlliancePremium FinanceClientsRMDRetirement ACEWebinarCharitable GivingAdditional EarningratesMediaFixed AnnuitiesTipsFacebooktoolsBenefitsCash Valuesocial securityLife Insurance Update ShowAlternative Investmentsfinal expenseIncome Planning AcademyProduct UpdatesRequired Minimum DistributionsavingsQuoting ToolsProductionbusiness planningGeneration YTax Benefitslife conceptsBeneficiaryCSOAlternativesMillennialsagent resourcesAnnuitiesSocial MediaIndex Universal Lifeearning opportunitiespremium deposit accountunderwritingDeath Benefitlife insurance awarenessVariable AnnuitiesMYGAinjuryRothInvestmentsMobile AppFinancial PlanningLegacySalesGender GaptrendsLeaderboardLife Insurance Awareness MonthBrand ValuesfuneralWaste Management OpenLife InsuranceSocial OptimizationMarketingInterest RatesE-AppRetirementPitchRetirement StrategyHealth CareCharityresourcesTraining Eventconsumer marketingRetirement Investmentpermanent life insuranceanalysisLife Insurance Brokersproductsreviewbusiness solutionsAsset-Based LTCImmediate Fixed AnnuitiesStar WarsPPCComplianceHealthy Livingtraininglife insurance quotes2019march madnessbusiness ownersnetworkingLooking Forward, Giving BackBest RatesHybrid ProductsPBRliving benefitsIndexed AnnuityBrokerssellingIncomeBreast Cancer Awareness MonthMarket ExposureBreast Cancer ResearchDeferred Fixed Annuitiesterm lifeBrokers Alliance Openadvanced marketsIRALife Insurance Trendslife 101Executive Bonus ArrangementContent BuildingGiftFixed Indexed AnnuitiestermFinancial Legacybuy sell agreementsales kitSales ConceptsPIAestate planningAnnuitykey personillnessquotingBaby BoomersLife Insurance Check UpRetirement PlanningProspectingpresentationssales presentationsIULcase studiesAnnuity Update Showvirtual salesnon-medLegacy PlanningFinancialProtectionDonationFIAgulhiringLong-Term Care Awareness Month