Shownotes Transcript
Traditional retirement plans, like 401Ks, are undoubtedly valuable instruments for accumulating savings, typically offering lower-cost fund options. However, their inherent limitations can restrict the full range of options available for retirees to build an optimal income strategy. As a result, it becomes imperative for advisors and their clients to explore alternative avenues to address the income gap more comprehensively.
In this episode, DPL Lead RIA Consultant Leslie Grant talks with John Watson, Internal Sales Consultant at DPL Financial Partners. John brings 25+ years of industry experience and annuity wholesaling to DPL. John believes in holistic financial planning, especially when it comes to managed assets, annuities, income, and protection strategies.
With a strong annuity and insurance background, John talks to Leslie about utilizing deferred income strategies to capture assets for clients heading into retirement and the efficiency these solutions and strategies can provide to advisors and client portfolios.
Key Takeaways
- [01:06] - What deferred income is and why it is an area of opportunity for advisors and their clients.
- [02:08] - How to maximize cash flow allocated to a deferred income strategy.
- [03:26] - Strategies advisors use to evaluate deferred income situations.
- [07:53] - How RISA helps advisors achieve success for their clients.
- [09:28] - Why investors need to source retirement income from qualified accounts.
- [13:16] - John's approach to discussing the early funding process with clients.
- [17:24] - How annuities can help advisors retain and grow their businesses.
- [21:08] - What role can lifetime income play in resolving future challenges?
- [24:51] - How an annuity can benefit a portfolio with 8% annualized returns and fixed income.