Retirement planning is much like climbing up and down a mountain. Climbing up is your client’s working and saving period, while climbing down is creating income from accumulated savings.
For the baby-boom generation now in or near retirement, many have the luxury of two retirement-income sources. Social Security payments combined with pension income give this group a strong income base.
These days, the responsibility to build retirement security falls more heavily on the individual. Employers are discontinuing pension plans – and instead, encouraging employees to participate in employer-sponsored savings plans, like 401(k).
The elimination of pension plans means larger sums of retirement assets are needed to generate the needed income in retirement.
Combined Challenge: Accumulation and Income
EquiTrust helps you serve BOTH phases of climbing up and down the retirement mountain…with strong, client-friendly accumulation products as well as competitive income solutions.