FIA WEBINAR SERIES RESOURCES

Today’s FIAs are fueled by the latest technologies and some of the world’s biggest brains and banks backing them up with intelligent design. But what does all this mean to you? It means finding the business opportunity by talking to your clients. It means becoming the FIA expert. It means working with a company like DMI that can elevate your business.

Preparing for retirement in today’s volatile markets presents challenges that past generations have never encountered. Today’s retirees need to anticipate and prepare for longer lifespans, increasing health care costs, an uncertain future for Social Security and the ever-present risk of taxes. In addition, unlike our parents and grandparents, many retirees today are not fortunate enough to have the benefit of a company pension with the assurance of lifetime income.

Today’s FIAs are fueled by the latest technologies and some of the world’s biggest brains and banks backing them up with intelligent design. But what does all this mean to you? It means finding the business opportunity by talking to your clients. It means becoming the FIA expert. It means working with a company like DMI that can elevate your business.

Preparing for retirement in today’s volatile markets presents challenges that past generations have never encountered. Today’s retirees need to anticipate and prepare for longer lifespans, increasing health care costs, an uncertain future for Social Security and the ever-present risk of taxes. In addition, unlike our parents and grandparents, many retirees today are not fortunate enough to have the benefit of a company pension with the assurance of lifetime income.

For most, Social Security will not be enough to fund retirement. More and more, retirees need to rely on their personal savings to help meet everyday living expenses. Most financial experts recommend that consumers ensure basic needs are covered with a guaranteed source of income (rather than relying on funds that are subject to the ups and downs of a volatile market).

FIAs are long term retirement income products issued by insurance companies. Consumers want the security of guaranteed lifetime income they can’t outlive, backed by the financial strength of insurance companies. Annuities provide that assurance, so money is there when it is needed, no matter what the markets do.

Most annuities permit you to withdraw up to 10% of your annuity value every year without penalty, so clients don’t lose control of their money. Subject to any return of premium riders and surrender penalties, clients can further make withdrawals when/if necessary.

Interest in an annuity is accrued on a tax-deferred basis. Any growth in the annuity from year-to-year will not be taxed, allowing your money to accumulate faster. Taxes will be paid at the time funds are withdrawn. For many, this can mean paying fewer taxes, since they may retire in a lower tax bracket due to decreased income in retirement.

Additionally, annuity income is not counted as income for the sake of determining the portion of your Social Security benefits that may be taxable, so they can be an integral part of a tax-efficient distribution plan in retirement.

Because money is never tied to directly to the stock market, there is no direct market risk. Most FIAs have “floors” and the ability to lock in gains.  

We all know the greatest transfer of wealth in history is here. This is a HUGE opportunity for your business since nearly 45 million U.S. households will transfer more than $68 trillion over the next 25 years¹.

Take this opportunity to:

• Retain more assets
• Provide a solution for younger clients receiving an inheritance
• Discuss opportunities with Attorneys & CPAs