Improvements to healthcare and living standards has lead to an increase in the average life expectancy. People all over the world are living longer, healthier lives. They are also having fewer children. Increased life expectancy and falling fertility rates has lead to an imbalance in the number of retirees dependent upon social security programs and a decrease in the number of working age people funding them. Unless governments reform and individuals take more responsibility for their retirement income, realizing the true benefits of the ‘golden years’ could be more difficult to achieve 1 .
Government reform aside, individuals need access to retirement income solutions from the institutions they trust most, Credit Unions.
1 AARP, Financing Retirement: Preparing Today for the Challenges of Tomorrow
The need for Credit Unions to offer comprehensive retirement income planning has never been greater. According to AARP 1 , 97% of their members list developing a retirement income plan as one of their most important goals. However, 68% don't believe their existing advisors are experts in this area, and they will need to search for one who is .
What are you doing to meet the retirement income needs of your members?
As experts in financial and retirement income planning, we’ve developed an innovative and comprehensive retirement solutions program to address the financial needs of today’s retirees. UNFCU | Financial Advisors is proud to introduce Retirement Solutions ™ . A turn-key program that allows Credit Unions to provide these services directly to your members.
Retirement Solutions ™is an innovative program that features products and services specifically designed to help current and future retirees maximize their assets. We’re committed to providing valuable and relevant solutions that address today’s retirement income challenges.
Whether it's helping members with their employer rollovers, creating sustainable income or assisting with real estate transactions, Retirement Solutions helps retirees make the most of their hard earned savings.
All programs are overseen and supported by our licensed investment, insurance and real estate advisors or your qualified staff.
Give your members access to these same opportunities today!
The Retirement Solutions ™ Program features a select group of products and services chosen to deliver the greatest consumer value and meet our high standards. The following services are available to clients and partners of UNFCU | Financial Advisors:
Income Solutions ®
Coming Soon! – more valuable solutions for your members
Creates a foundation for retirement income planning
Retirees are faced with many important financial decisions. One of the most critical involves deciding what to do with their retirement accounts at work. This process can seem daunting and downright confusing. Additionally, members can accumulate accounts at various financial institutions, or leave money behind with a previous employer. These issues represent a significant opportunity for your Credit Union. Become the trusted resource for employer rollover distribution and consolidation and you’ll increase IRA deposit balances while putting members in a great position to start their retirement income planning.
The perfect solution for retirees who are concerned about outliving their assets or want to ensure they’ll have sufficient income for the duration of their retirement. Income Solutions is a lifetime income program that allows members to convert (annuitize) a portion of their 401k, IRA or other Qualified Plan account into a monthly paycheck for life. This simple process involves an immediate annuity, which provides guaranteed income for life. Traditional retail annuities have higher commissions and fees than Income Solutions annuities. Discounted group pricing and reduced internal costs and savings are passed on to your members in the form of higher monthly income.
WelcomeHomeProgram™ is a multi-faceted, national service that offers assistance with buying, selling and financing real estate as well as relocation and rental services and resources. For the retiree, this program will save time and money and insure a smooth transition. WelcomeHomeProgram™ is a FREE service that offers many benefits. Personal Real Estate consultants evaluate “needs and wants” while guiding members through the process of buying or selling. Members receive recommendations on trusted real estate agents from national brokers as well as information about communities and quality of life in the areas that their considering. Once a member closes on a home, they'll receive cash-back (up to $2,400!) based on the sale or purchase price the home simply for using a recommended agent.
Steve Ryerson, President of UNFCU | Financial Advisors, has presented on Retirement Income Planning & Solutions at the following conferences:
March 2, 2009
2009 Annual BISA Convention
May 2, 2009
Las Vegas, NV
Contact Us Stephen Ryerson President T + 1-212-324-3901 F + 1-212-324-3991 C + 1-917-254-9337 [email_address] Please visit www.ezretirementsolutions.com to learn about our innovative Retirement Solutions! UNFCU Financial Advisors, LLC 24-01 44 th Road Long Island City, NY 11101 www.unfcuadvisors.com