The document summarizes a retirement product that provides guaranteed lifetime income. It highlights key risks retirees face like market, longevity, and inflation risks. The product offers guaranteed annual income for life, a 5% bonus for deferring withdrawals for 15 years, and automatic resets to lock in investment gains. It is designed to balance income security and investment growth potential.
Many Canadian investors turn to Guaranteed Investment Certificates (GICs) looking for safe, stable income. However, low interest rates, taxes, and inflation have meant the real return on an average one-year GIC has actually been negative every single year over the past decade as shown in the chart. As a result, if you invested in a GIC, after taxes and inflation, you actually lost ground.
This is why having a diversified portfolio with a range of asset classes is essential. Including a portion of equities in your portfolio can protect your purchasing power and help grow your wealth over time. As an example, the ten-year return for Canadian equities as represented by the S&P/TSX is 7.97% for the same timeframe.
Retirement Life is a cash value life insurance policy that can be used to build retirement savings in a tax-advantaged way. It provides downside protection from market losses since the cash value does not participate in downturns. Over the long run, it has outperformed mutual funds after accounting for taxes and fees. Retirement Life locks in annual gains and uses a minimum return guarantee along with upside potential pegged to stock market indexes. Policyholders can take tax-free withdrawals in retirement along with a death benefit for beneficiaries. Diversifying into Retirement Life is recommended for those seeking to retire without stock market risk.
A mutual fund is a professionally managed investment that pools money from many investors and invests it in stocks, bonds, and other securities. SWE+ provides a principal guarantee, income guarantee with returns growing by 5% per year, potential for growth when markets rebound, and estate benefits. It provides guaranteed minimum withdrawal benefits and retirement income by eliminating risks like longevity, inflation, and market risks. SWE+ offers two options that provide predictable sustainable guaranteed income for life through retirement.
This document discusses fixed index annuities as a retirement planning strategy. It notes that fixed index annuities offer guarantees of principal, tax deferral, flexibility, access to funds, and a lifetime income stream. They allow interest to be credited based on the growth of a chosen market index while protecting the principal. Fixed index annuities also guarantee income for life and can help address concerns about outliving one's savings.
The document discusses the benefits of fixed annuities for retirement planning. It notes that Americans are living longer but face financial challenges in retirement. Fixed annuities offer guaranteed returns, tax deferral, and can provide lifetime income streams. Both immediate and deferred fixed annuities are described as options to help investors meet their retirement income needs through guaranteed and predictable payments.
Understanding annuities once and for allKirk Ashburn
Your guide to understanding the fundamentals of annuities, including their pros and cons, in an easy to understand manner so you can make an educated decision. Is guaranteed income for the rest of my life important to me? Is protecting the downside of my investment important to my family? Will I sleep better at night knowing that my investment will not lose value if the market drops tomorrow?
The document provides an overview of financial planning topics including calculating net worth and cash flow, types of insurance, investing basics like diversification and dollar cost averaging, tax planning strategies, sources of retirement income, estate planning documents, and next steps for getting started with financial planning. The advisor, Kamal Wadhwa, offers these services through Ameriprise Financial in New Orleans to help clients chart a path to their financial future.
Many Canadian investors turn to Guaranteed Investment Certificates (GICs) looking for safe, stable income. However, low interest rates, taxes, and inflation have meant the real return on an average one-year GIC has actually been negative every single year over the past decade as shown in the chart. As a result, if you invested in a GIC, after taxes and inflation, you actually lost ground.
This is why having a diversified portfolio with a range of asset classes is essential. Including a portion of equities in your portfolio can protect your purchasing power and help grow your wealth over time. As an example, the ten-year return for Canadian equities as represented by the S&P/TSX is 7.97% for the same timeframe.
Retirement Life is a cash value life insurance policy that can be used to build retirement savings in a tax-advantaged way. It provides downside protection from market losses since the cash value does not participate in downturns. Over the long run, it has outperformed mutual funds after accounting for taxes and fees. Retirement Life locks in annual gains and uses a minimum return guarantee along with upside potential pegged to stock market indexes. Policyholders can take tax-free withdrawals in retirement along with a death benefit for beneficiaries. Diversifying into Retirement Life is recommended for those seeking to retire without stock market risk.
A mutual fund is a professionally managed investment that pools money from many investors and invests it in stocks, bonds, and other securities. SWE+ provides a principal guarantee, income guarantee with returns growing by 5% per year, potential for growth when markets rebound, and estate benefits. It provides guaranteed minimum withdrawal benefits and retirement income by eliminating risks like longevity, inflation, and market risks. SWE+ offers two options that provide predictable sustainable guaranteed income for life through retirement.
This document discusses fixed index annuities as a retirement planning strategy. It notes that fixed index annuities offer guarantees of principal, tax deferral, flexibility, access to funds, and a lifetime income stream. They allow interest to be credited based on the growth of a chosen market index while protecting the principal. Fixed index annuities also guarantee income for life and can help address concerns about outliving one's savings.
The document discusses the benefits of fixed annuities for retirement planning. It notes that Americans are living longer but face financial challenges in retirement. Fixed annuities offer guaranteed returns, tax deferral, and can provide lifetime income streams. Both immediate and deferred fixed annuities are described as options to help investors meet their retirement income needs through guaranteed and predictable payments.
Understanding annuities once and for allKirk Ashburn
Your guide to understanding the fundamentals of annuities, including their pros and cons, in an easy to understand manner so you can make an educated decision. Is guaranteed income for the rest of my life important to me? Is protecting the downside of my investment important to my family? Will I sleep better at night knowing that my investment will not lose value if the market drops tomorrow?
The document provides an overview of financial planning topics including calculating net worth and cash flow, types of insurance, investing basics like diversification and dollar cost averaging, tax planning strategies, sources of retirement income, estate planning documents, and next steps for getting started with financial planning. The advisor, Kamal Wadhwa, offers these services through Ameriprise Financial in New Orleans to help clients chart a path to their financial future.
This document summarizes the benefits of an indexed annuity product called Benefit Gold. It discusses how indexed annuities can provide returns linked to market indexes while protecting the principal amount. The document outlines several crediting methods and indexes available under the product. It also highlights some key benefits including a 5% premium bonus, lifetime income rider, death benefit, and penalty-free withdrawal options.
10 reasons to invest in a retirement annuity (RA)Chantal Reichel
Retirement annuities (RAs) offer several benefits for retirement planning including tax benefits, disciplined savings, and long-term growth. RAs allow tax-free contributions of up to 27.5% of income and tax benefits when withdrawing funds. By consistently contributing over many years, RAs harness the power of compound growth so a small portion of retirement funds come from contributions while most come from investment returns. RAs also provide flexibility to increase contributions over time and offer diversified investment options.
The document discusses the changing financial landscape and opportunities with life insurance. It notes that fees can significantly reduce retirement savings over time. Life insurance is positioned as a better alternative due to lower fees, tax advantages, living benefits and ability to access funds penalty-free. The document argues that with the right strategy, life insurance can provide greater returns and income than other options like 401ks. It also discusses opportunities for referral agents.
The document discusses various risks to consider for retirement planning such as longevity risk, inflation risk, and investment risk. It introduces variable annuities as a potential solution to help mitigate these risks by providing guaranteed lifetime income, protection against market downturns, and upside potential from stock market investments. Variable annuities can help secure retirement income through features such as living benefits and death benefits. Working with a financial advisor can help assess if a variable annuity is a suitable strategy for individual retirement goals and risk tolerance.
The document discusses different options for retirement planning including government programs like Social Security, employer programs, and individual programs like IRAs and life insurance. It notes that government programs alone are not enough to fully fund retirement and that employer programs have shifted more responsibility to employees. It emphasizes that individuals need to take responsibility for their own retirement security through options like IRAs, which offer tax benefits whether contributions are made pre-tax or post-tax, and life insurance, which can protect against both dying too soon and living too long into retirement.
Our tactical asset allocation view is informed by numerous factors and scenarios to help assess potential future environments. Our quarterly stance represents our 12-month preferences across asset classes and geographies based on our analysis, though not our actual portfolio positioning. This output should not be considered advice.
A sensible and sustainable draw-down strategy in retirement by Tracy Jensen10X Investments
Tracy Jensen, Chief Product Actuary, 10X Investments presented at the 10X Retirement Conference 2014 on the topic A sensible and sustainable draw-down strategy in retirement.
This document provides an overview of a large investment team and their views on key investment themes and the South African economic landscape. It summarizes their outlook on topics such as global and local economic growth, inflation, monetary and fiscal policy, the current account balance, and bond and currency markets. It also reviews the interest rate outlook and strategies for the income fund. In addition, it discusses the structure of the investment team and retail funds, as well as trends in the sovereign credit rating and bond ownership.
The document discusses five key challenges to retirement security: longevity, low interest rates, inflation, sub-par investing results, and taxes. It notes that longevity has increased life expectancy dramatically, interest rates are at low levels, inflation continues to rise, many investors achieve returns below market indexes, and taxes on retirement funds can leave little for heirs. The document advocates developing a written retirement plan to address these issues and securing a personalized financial analysis.
How will retirement reform impact your retirement fund by Olano Makhubela10X Investments
Chief Director, Financial Investments and Savings, National Treasury presented at the 10X Retirement Conference 2014 on the topic How will retirement reform impact your retirement fund.
The document discusses preparing for retirement with a variable annuity product called the Northwestern Mutual Select Variable Annuity. It outlines key features like tax-deferred growth, guaranteed death benefits, and options for guaranteed retirement income. Concerns around running out of money, health costs, and inflation in retirement are addressed through the annuity's features and investment options.
Constructing a sensible pre-retirement plan by Fikile Shezi10X Investments
Fikile Shezi, Employee benefit consultant, 10X Investments presented at the 10X Retirement Conference 2014 on the topic Constructing a sensible pre-retirement plan
- Inflation from 1973-2008 increased 500% while the S&P 500 and bonds ran out of money by 1990 and 1994 respectively when using a 5% withdrawal rate.
- Diversifying across different asset classes with varying risk profiles can increase returns while lowering risks compared to being fully invested in stocks or bonds alone.
- Rebalancing a portfolio periodically helps investors buy low and sell high, lowering risks and increasing returns over the long run.
Income reward sales aid 1412 ukv5 income1_v10_final-2Brian Boyd
The Secure Advantage+ plan from AXA Life Europe is a pension plan designed to help investors achieve three financial objectives: 1) A guaranteed lifetime income, 2) Investment choice and income flexibility, and 3) Ability to pass on remaining wealth. The plan offers a lifetime income benefit guaranteeing income for life as well as potential investment growth opportunities and flexibility to take income or lump sums as needed in retirement.
This document is a slide presentation on conservative investing strategies for retirement. It discusses the importance of having predictable income and principal protection in retirement. It introduces a "123 Easy" model for allocating assets into demand accounts (cash), principal insured accounts, and risk accounts. The model aims to balance access to cash, protection of principal, and gains or losses from risk. The presentation shows how this model would have performed better than a purely stock-focused portfolio during the 2000-2009 bear market by experiencing smaller losses and having more money remaining after 10 years. It emphasizes the need to review investments regularly and adjust the asset allocation over time based on goals and market conditions.
Presentation on superannuation and retirement income for people age 50 plusEquipsuper
1) The document provides information about retirement planning and income options from Equipsuper, an Australian superannuation fund and financial services provider.
2) It discusses strategies for increasing retirement savings like salary sacrificing, making extra contributions, and using a transition to retirement pension.
3) The document also covers converting superannuation into retirement income streams like account-based pensions, and managing investments and withdrawals over the course of retirement.
Superannuation is a tax effective means of saving for retirement. Be aware of the types of superannuation accounts, tax rates within superannuation and other benefits
Managed Solutions Lab Support Services Presentationshawnrobertmartin
Managed Solutions, Inc. provides lab support services including professional services, ticket resolutions, and lab relocations. They offer dedicated project management and strategies to minimize downtime for relocations. Their services also include lab build outs with rack and cabinet installations, server and switch installs, and cable management. Managed Solutions has international experience with lab work in Scotland, Beijing, and Singapore.
Eine Java API zum Zugriff auf Soziale Netzwerke, sowohl Öffentlich (Facebook, Twitter, Google+, LinkedIn, Xing, Yammer,...) als auch im Unternehmen bzw. der Institution (Schule, Universität, Krankenhaus,...)
Eine weitere Zielsetzung ist die Unterstützung Sozialer Funktionen für Webanwendungen, die in Java geschrieben wurden bzw. auf einer JVM laufen.
This document summarizes the benefits of an indexed annuity product called Benefit Gold. It discusses how indexed annuities can provide returns linked to market indexes while protecting the principal amount. The document outlines several crediting methods and indexes available under the product. It also highlights some key benefits including a 5% premium bonus, lifetime income rider, death benefit, and penalty-free withdrawal options.
10 reasons to invest in a retirement annuity (RA)Chantal Reichel
Retirement annuities (RAs) offer several benefits for retirement planning including tax benefits, disciplined savings, and long-term growth. RAs allow tax-free contributions of up to 27.5% of income and tax benefits when withdrawing funds. By consistently contributing over many years, RAs harness the power of compound growth so a small portion of retirement funds come from contributions while most come from investment returns. RAs also provide flexibility to increase contributions over time and offer diversified investment options.
The document discusses the changing financial landscape and opportunities with life insurance. It notes that fees can significantly reduce retirement savings over time. Life insurance is positioned as a better alternative due to lower fees, tax advantages, living benefits and ability to access funds penalty-free. The document argues that with the right strategy, life insurance can provide greater returns and income than other options like 401ks. It also discusses opportunities for referral agents.
The document discusses various risks to consider for retirement planning such as longevity risk, inflation risk, and investment risk. It introduces variable annuities as a potential solution to help mitigate these risks by providing guaranteed lifetime income, protection against market downturns, and upside potential from stock market investments. Variable annuities can help secure retirement income through features such as living benefits and death benefits. Working with a financial advisor can help assess if a variable annuity is a suitable strategy for individual retirement goals and risk tolerance.
The document discusses different options for retirement planning including government programs like Social Security, employer programs, and individual programs like IRAs and life insurance. It notes that government programs alone are not enough to fully fund retirement and that employer programs have shifted more responsibility to employees. It emphasizes that individuals need to take responsibility for their own retirement security through options like IRAs, which offer tax benefits whether contributions are made pre-tax or post-tax, and life insurance, which can protect against both dying too soon and living too long into retirement.
Our tactical asset allocation view is informed by numerous factors and scenarios to help assess potential future environments. Our quarterly stance represents our 12-month preferences across asset classes and geographies based on our analysis, though not our actual portfolio positioning. This output should not be considered advice.
A sensible and sustainable draw-down strategy in retirement by Tracy Jensen10X Investments
Tracy Jensen, Chief Product Actuary, 10X Investments presented at the 10X Retirement Conference 2014 on the topic A sensible and sustainable draw-down strategy in retirement.
This document provides an overview of a large investment team and their views on key investment themes and the South African economic landscape. It summarizes their outlook on topics such as global and local economic growth, inflation, monetary and fiscal policy, the current account balance, and bond and currency markets. It also reviews the interest rate outlook and strategies for the income fund. In addition, it discusses the structure of the investment team and retail funds, as well as trends in the sovereign credit rating and bond ownership.
The document discusses five key challenges to retirement security: longevity, low interest rates, inflation, sub-par investing results, and taxes. It notes that longevity has increased life expectancy dramatically, interest rates are at low levels, inflation continues to rise, many investors achieve returns below market indexes, and taxes on retirement funds can leave little for heirs. The document advocates developing a written retirement plan to address these issues and securing a personalized financial analysis.
How will retirement reform impact your retirement fund by Olano Makhubela10X Investments
Chief Director, Financial Investments and Savings, National Treasury presented at the 10X Retirement Conference 2014 on the topic How will retirement reform impact your retirement fund.
The document discusses preparing for retirement with a variable annuity product called the Northwestern Mutual Select Variable Annuity. It outlines key features like tax-deferred growth, guaranteed death benefits, and options for guaranteed retirement income. Concerns around running out of money, health costs, and inflation in retirement are addressed through the annuity's features and investment options.
Constructing a sensible pre-retirement plan by Fikile Shezi10X Investments
Fikile Shezi, Employee benefit consultant, 10X Investments presented at the 10X Retirement Conference 2014 on the topic Constructing a sensible pre-retirement plan
- Inflation from 1973-2008 increased 500% while the S&P 500 and bonds ran out of money by 1990 and 1994 respectively when using a 5% withdrawal rate.
- Diversifying across different asset classes with varying risk profiles can increase returns while lowering risks compared to being fully invested in stocks or bonds alone.
- Rebalancing a portfolio periodically helps investors buy low and sell high, lowering risks and increasing returns over the long run.
Income reward sales aid 1412 ukv5 income1_v10_final-2Brian Boyd
The Secure Advantage+ plan from AXA Life Europe is a pension plan designed to help investors achieve three financial objectives: 1) A guaranteed lifetime income, 2) Investment choice and income flexibility, and 3) Ability to pass on remaining wealth. The plan offers a lifetime income benefit guaranteeing income for life as well as potential investment growth opportunities and flexibility to take income or lump sums as needed in retirement.
This document is a slide presentation on conservative investing strategies for retirement. It discusses the importance of having predictable income and principal protection in retirement. It introduces a "123 Easy" model for allocating assets into demand accounts (cash), principal insured accounts, and risk accounts. The model aims to balance access to cash, protection of principal, and gains or losses from risk. The presentation shows how this model would have performed better than a purely stock-focused portfolio during the 2000-2009 bear market by experiencing smaller losses and having more money remaining after 10 years. It emphasizes the need to review investments regularly and adjust the asset allocation over time based on goals and market conditions.
Presentation on superannuation and retirement income for people age 50 plusEquipsuper
1) The document provides information about retirement planning and income options from Equipsuper, an Australian superannuation fund and financial services provider.
2) It discusses strategies for increasing retirement savings like salary sacrificing, making extra contributions, and using a transition to retirement pension.
3) The document also covers converting superannuation into retirement income streams like account-based pensions, and managing investments and withdrawals over the course of retirement.
Superannuation is a tax effective means of saving for retirement. Be aware of the types of superannuation accounts, tax rates within superannuation and other benefits
Managed Solutions Lab Support Services Presentationshawnrobertmartin
Managed Solutions, Inc. provides lab support services including professional services, ticket resolutions, and lab relocations. They offer dedicated project management and strategies to minimize downtime for relocations. Their services also include lab build outs with rack and cabinet installations, server and switch installs, and cable management. Managed Solutions has international experience with lab work in Scotland, Beijing, and Singapore.
Eine Java API zum Zugriff auf Soziale Netzwerke, sowohl Öffentlich (Facebook, Twitter, Google+, LinkedIn, Xing, Yammer,...) als auch im Unternehmen bzw. der Institution (Schule, Universität, Krankenhaus,...)
Eine weitere Zielsetzung ist die Unterstützung Sozialer Funktionen für Webanwendungen, die in Java geschrieben wurden bzw. auf einer JVM laufen.
Enterprise 2.0 using Social Frameworks like Agorava (SMWCPH 2014)Werner Keil
Agorava, the Social Framework can best be described as a "reference implementation" for Social Media integration on the Java Platform.
It helps developers to integrate their apps with many Social Networks, both Public (Facebook, Twitter, Google+, LinkedIn, Xing, Yammer,...) and Corporate, e.g. within the Enterprise or Institution (University, Hospital, Library, Museum...) or by artists and other creative individuals. It also adds social media features to Java Enterprise and web sites or services developed running Java or other JVM languages. Agorava is intended to be part of JDF 2.x or similar parts of a JBoss "Social" Stack.
In this session, you will learn how to use Agorava and hear about similar frameworks or approaches and where they stand at the moment.
What social media, SEO and web analytics got to do with multichannel publishing?Petri Mertanen
This is my presentation during seminar of Content management and multichannel publishing with eZ Publish. Seminar was arranged by NXC Finland - http://www.nxc.fi at Helsinki, October 13, 2010.
The document announces an essay writing competition organized by DSM CHALLENGE DAY 2011 on the topic of security. It provides guidelines for the competition, including eligibility which is open to DSM students of Saito College, limits submissions to 2500 words in English or Malay, and a deadline of March 21. Entries will be judged based on quality of research, analysis, and style/creativity. The top three essays will be awarded prizes. Terms and conditions include original and non-plagiarized work, and that the judges' decision is final.
Los estudiantes de 2oESO B crean cada viernes un mapa significativo del tiempo atmosférico previsto en Muxía para el fin de semana, como parte de una actividad coordinada por la profesora Carmen R. El estudiante Fabián diseñó los símbolos para el mapa significativo que serán utilizados por los estudiantes para predecir el clima.
The document discusses the economic environment facing entrepreneurs in 2010. It summarizes that the Icelandic volcanic eruption disrupted European air travel costing airlines billions. The Greek debt crisis raised concerns about contagion to other Eurozone nations. Unemployment peaked in the EU and US in 2009 but has since declined slightly. Interest rates remained low helping improve business and consumer sentiment in the EU and US. Online advertising spending has overtaken traditional media as internet access and usage increased globally. While some internet companies failed in the late 1990s/early 2000s, others like online retailers have since thrived. Stock market indices and internet company shares rebounded from early 2009 lows reflecting a recovery.
Xoriant brings a history of developing software applications across changing technology paradigms in various stages of the product life cycle—from initial conception to final go-live, post-live support, enhancements, and integration.
PEDIGREE OF PRODUCTS
Over the last two decades, we have helped evolve software products, systems, and user environments through multiple evolution cycles.
RIGOR OF ENGINEERING
Xoriant's approach to software engineering is driven by the rigor and reliability of standards-based development processes.
FLEXIBILITY IN ENGAGEMENT
We provide a flexible engagement model that scales with familiarity to client requirements.
The document discusses how consumers are gaining power by monetizing their personal data and time spent engaging with companies. It describes how one person, Paul McCrudden, invoiced companies for the time he spent interacting with their brands. This led some companies to playfully engage with McCrudden on Twitter. The document argues that consumers could unlock greater value from their social media data by aggregating it and using it to get rewards and discounts from companies competing for their attention over location-based services and in the future.
The document outlines a cross-media marketing plan for a 100-year-old organization that helps Jews worldwide. The plan involves researching target audiences, modifying the website, launching online marketing campaigns, and utilizing various cross-media tactics like personalized emails, viral videos, blog coverage, search engine optimization, affiliate networks, and mobile campaigns to strengthen the organization's online brand and drive traffic to its website and donation pages.
1) The document discusses acid rain, explaining what it is, how it is formed from sulfuric and nitric acid, and its impacts on ecosystems, infrastructure, and lands.
2) It then outlines possible solutions like reducing pollution, adding alkaline compounds to affected areas, increasing government regulation of factories, and using natural fertilizers.
3) Finally, it discusses the issue of acid rain specifically in Galicia, Spain, where two power plants were fined for their significant contributions to acid rain in the region.
The document outlines a plan for a cross-media marketing campaign for a Jewish organization to better help Jews around the world. It discusses researching target audiences, modifying the organization's website, developing online marketing content and campaigns across multiple channels, creating viral videos, using blogs and social media, search engine optimization strategies, and affiliate network and mobile campaigns. The goal is to maximize online branding and exposure through a personalized, tracked cross-media approach.
The Resource Center is an insurance marketing organization that helps financial advisors grow and protect their clients' wealth through seminar marketing, professional development, product placement coaching, sales skills training, and qualified leads. It aims to help advisors double or triple their annual income and take control of their careers. The organization represents various insurance companies and can recommend products like annuities, life insurance, and long-term care insurance to protect and grow clients' wealth. It offers three levels of professional engagement for advisors seeking marketing support and resources.
The document provides information about the HDFC Retirement Savings Fund, which offers three investment plans to help investors plan for retirement. It discusses the need for retirement planning, benefits of starting early, importance of asset allocation and diversification, and the role different asset classes can play. The fund seeks to generate a pension corpus through long-term investments in equity, debt and money market instruments based on the investor's risk profile and retirement goals. Key details about the three plans, investment strategy, lock-in period and tax benefits are also summarized.
Creating A Retirement Paycheck Client Usechadhendrix
The document discusses creating a retirement paycheck and summarizes various retirement income strategies and products. It outlines challenges facing retirees today compared to past generations, such as declining social security benefits and increased healthcare costs. It then summarizes different income sources like annuities, systematic withdrawals, and different annuity types including immediate, deferred, fixed and variable options. It provides a hypothetical case study of a retiree using a mix of products to generate retirement income.
Certified financial planners | Equity Indexed Annuities | Retirement planningFind Me An Advisor™
This presentation from Find Me An Advisor™ will guide you through, how you can grow your retirement money with help of Certified Financial Planners with investment options like; equity indexed annuities, variable annuities and more to boost your retirement planning.
This presentation is to communicate ideas and information that will help you build financial security. We define financial security as a feeling of confidence that you will achieve your financial goals through the actions you are taking today.
Non-Qualified, Deferred Compensation with AXA EquitableDon McNeill, ChFC
BrightLife Grow is a life insurance product that provides wealth accumulation, retirement income, and downside protection. It offers tax-deferred growth, access to indexed accounts with potential upside but protected from downside losses, and the ability to take tax-free loans or withdrawals. The product is designed to be efficient with lower costs than competitors, reliable with its 0% floor protecting against market losses, and flexible to allow customization and adapt to changing needs over time. It can be a way to supplement retirement savings like 401ks and IRAs by providing another source of tax-advantaged funds.
The document discusses investing for retirement during the "Retirement Red Zone", which refers to the period in retirement when investments are most vulnerable due to challenges like longevity, healthcare costs, pensions, and market volatility. It introduces a variable annuity product that offers lifetime guaranteed income as a solution to address these risks and help preserve savings. Key features highlighted include downside protection, upside potential, and guaranteed lifetime income without giving up control of savings.
This document promotes an "anti-tax money strategy" using equity index life insurance policies. It claims these policies allow tax-free growth and withdrawals during retirement, allowing people to spend 25-46% more income compared to traditional taxed retirement plans. It discusses using the policies to reduce taxes on social security benefits and fund retirement in a way that benefits the individual rather than the government. Key risks mentioned include the small risk of an insurance company bankruptcy and that the tax benefits could potentially be eliminated in the future.
The document discusses the benefits of fixed annuities for retirement planning. It notes that retirees face significant financial challenges, including rising healthcare and living costs. Fixed annuities offer guaranteed returns, provide a stream of income for life, and allow for tax-deferred growth. Immediate annuities provide guaranteed lifetime income, while deferred annuities allow for long-term accumulation of assets on a tax-deferred basis before receiving income.
The document provides an overview and summary of a presentation on successful retirement planning. It discusses the current economic environment and where the economy has been, where it is now, and where it may be going. It also discusses employer-sponsored retirement plans and how they can fit different practices. The presentation was given by Tim Gaigals and covered topics like different types of retirement plans that are commonly used, when each type is best utilized, and how to design an effective retirement plan.
This document outlines key considerations for planning retirement, including defining your retirement goals, assessing sources of retirement income, managing investments, and addressing potential challenges. It discusses common retirement phases and lifestyle types, importance of tracking spending, impact of inflation, strategies for healthcare and debt management, and working with an advisor to help navigate financial roadblocks and make optimal planning decisions. The overall message is for individuals to carefully plan early to help ensure a secure and fulfilling retirement.
Financial planning is a long-term process of managing one's finances to achieve goals. It provides a roadmap to financial well-being and sustainable wealth creation. Many misconceptions exist, such as that it only involves budgeting or is only for the wealthy. Financial planning is needed due to risks like living too long in retirement, changing lifestyles, inflation, and lack of social security. It involves understanding assets, liabilities, priorities, timelines, and appropriate investment vehicles. Starting financial planning early allows greater benefits of compounding returns. Using systematic investment plans smooths out market volatility for better long-term returns. Financial planners can help develop and implement customized plans.
This document summarizes Ameriprise Financial Services, Inc. and its offerings. Ameriprise offers financial advisory services, investments, insurance and annuity products through its RiverSource brand. It welcomes clients and is licensed in California. The document discusses helping clients plan for retirement through addressing key questions about how they want to spend retirement, ensuring they will have enough money, how to invest along the way, accessing funds in retirement, and leaving an inheritance.
Basic finance and retirement dilshad finalGeorge Philip
The document discusses key facts about financial planning and investing, including the effects of inflation and compounding returns. It notes that inflation reduces purchasing power over time and that starting to save early allows greater benefit from compounding returns. The document also discusses different asset class returns, with equities providing the highest average returns, and outlines factors to consider when choosing investment options like interest rates, inflation, fees and returns. Overall, the document provides advice from a certified financial planner on how to plan for retirement and investment goals.
The document discusses key facts about financial planning and investing, including the effects of inflation and compounding returns. It notes that inflation reduces purchasing power over time and that starting to save early allows greater benefit from compounding returns. The document also discusses different asset class returns, with equities providing the highest average returns, and the importance of considering taxes, inflation, and fees when calculating real investment income. Finally, it emphasizes the need for retirement planning and choosing investment options carefully based on factors like interest rates, inflation, fees and guarantees.
The document provides strategies for financial planning including knowing your current financial situation, being prepared for emergencies, ensuring adequate insurance, creating an estate plan, reducing debt, long-term investing, asset allocation, dollar cost averaging, maximizing retirement contributions, choosing financial advisors, clarifying goals, and regularly reevaluating progress. It emphasizes the importance of a financial plan and working with professionals to protect assets and provide for future needs.
The document provides strategies for financial planning including knowing your current financial situation, being prepared for emergencies, ensuring adequate insurance coverage, creating an estate plan, reducing debt, long-term investing, asset allocation, dollar cost averaging, maximizing retirement contributions, choosing financial advisors, clarifying goals, and regularly reevaluating progress. Key advice includes developing a financial plan, remaining disciplined, and working with professionals to protect assets and achieve financial goals over time.
Similar to Sweplus Brainshark Sales With Script (20)
3. Jonathan Clements Personal Finance Columnist for the Wall St. Journal “ Retirement is like a long vacation. The goal is to enjoy it to the fullest, but not so fully that you run out of money. ”
6. Market Risk How do I protect my retirement income from market volatility? How can I draw an income and grow my money at the same time? Longevity Risk How can I be certain I won’t outlive my money? Inflation Risk How do I maintain my standard of living over 30 years? Retirement Risks
7. S&P 500 Index 1998-2009 Before and during retirement Market Risk
8. Different order – Different outcome Assumes $100,000 portfolio subject to $750 monthly withdrawals* Return Sequence (%) +7 +7 +7 +7 -13 +27 -13 +7 +27 +27 +7 -13 Age money is depleted 86.5 83.3 81.1 94.9 +/- months -38 -65 +101 Market Risk * Withdrawals begin at age 65 Source: Milevsky & Salisbury, September 2006
9. Probability that an average 65 year old will live to… Age 80 85 90 Male 55% 33% 15% Female 71% 53% 30% At least one 87% 68% 41% Source: Milevsky & Salisbury, September 2006 Longevity Risk
10. Inflation Risk Purchasing Power in 20 years… 2% inflation $0.67 4% inflation $0.45 1% inflation $0.82
15. Income for Life Guaranteed annual income for life beginning after age 65* 5% Bonus 15+ years without withdrawals Automatic Resets for life Income For Life *Subject to legislative minimums and maximums and certain conditions.
26. Consolidate your book of business Full-service financial planning [Retirement income] Advisor Benefits
27. Guaranteed Minimum Withdrawal Benefit is a $10 billion+ market and growing fast Guaranteed Minimum Withdrawal Benefit is a $1.5 trillion+ market and growing faster! Success in Canada & USA
30. All charts and illustrations in this guide are for illustrative purposes only. They are not intended to predict or project investment results. To the extent of any inconsistencies between this guide and the May 2009 SunWise Elite Information Folder and Individual Variable Annuity Contract and any Supplements, the terms of the Information Folder and Contract and any Supplements prevail. For full product details and disclosure, refer to the Information Folder and Contract and any Supplements . Sun Life Assurance Company of Canada, a member of the Sun Life Financial group of companies, is the sole issuer of the individual variable annuity contract providing for investment in Sun Wise Elite segregated funds. A description of the key features of the applicable individual variable annuity contract is contained in the Information Folder. SUBJECT TO ANY APPLICABLE DEATH AND MATURITY GUARANTEES, ANY AMOUNT THAT IS ALLOCATED TO A SEGREGATED FUND IS INVESTED AT THE RISK OF THE CONTRACT HOLDER AND MAY INCREASE OR DECREASE IN VALUE . ®CI Investments and the CI Investments design are registered trademarks of CI Investments Inc. ™Harbour Advisors is a trademark of CI Investments Inc. ®Sun Wise is a registered trademark of Sun Life Assurance Company of Canada. *Invesco and all associated trademarks are trademarks of Invesco Holding Company Limited, used under licence. Trimark and all associated trademarks are trademarks of Invesco Trimark Ltd. ®Fidelity Investments and the Fidelity design are registered trademarks of FMR Corp. ®RBC Asset Management is a registered trademark of Royal Bank of Canada. ™TD Asset Management is a trademark of The Toronto-Dominion Bank, used under licence. Franklin Templeton Investments, Franklin Templeton Investments Quotential Program and/or Franklin Templeton Investments and design are registered trademarks of Franklin Templeton Investment Corp.
Sun Wise Elite Plus – Rethinking Retirement Planning Hello, and welcome to this presentation on Sun Wise Elite Plus – a new way to think about retirement planning. My name is XXXX, for CI Investments, and on behalf of CI, I want to thank you for taking time to learn about this exciting offering from CI Investments and Sun Life Financial. Sun Wise Elite Plus is not just another investment: It marries the growth potential of mutual funds with the protective features of an insurance contract. And it comes a with distinctive feature – the Guaranteed Minimum Withdrawal Benefit or GMWB , to help provide a predictable, sustainable, guaranteed income for life. Now your clients can have the security of knowing they can have the income they need during retirement.
Agenda Broadly speaking, we are going to cover off these five items. We’ll commence with a review of the state of the Canadian retirement marketplace and see why the “Income for Life” proposition is so timely. Next, we’ll review the three key risks that individuals face as they enter the “Retirement Risk Zone” and then move into how Income for Life from SunWise Elite Plus serves to effectively mitigate and may even eliminate some of those retirement risks. We will then explore the key benefits for both you and your clients and review the educational and marketing support material that CI has created for you. Let’s get started.
Quote Before proceeding, I would like to share this quote from Jonathan Clements, the personal finance columnist at the Wall St. Journal: “ Retirement is like a long vacation. The goal is to enjoy it to the fullest, but not so fully that you run out of money.” Everyone looks forward to an enjoyable retirement, but as Mr. Clements has noted, the single greatest concern shared by anyone either in or about to enter retirement is whether or not the money they have saved will last their lifetime…
Canadian Retirement Market A closer look at the Canadian retirement market reveals a number of interesting facts, which include: Within the next 10 years, Canadians age 55+ will control over 70% of investment assets . We are living longer lives . Close to one-half of Canadians age 50+ remain uncertain of best options for their retirement nest-egg, and Nearly one-third of this same group are concerned about maintaining their current lifestyle in retirement…
Retirement Risk Zone The retirement risk zone exacerbates these concerns… In the real world, you can’t control investment returns. When investors are in their 20’s, 30’s or 40’s, they’re not too concerned about market volatility. This is because if there’s a market drop , it’s usually the best time to invest because you know that over the long term equity markets will generally continue to rise, and your investments will likely perform well. But things change in the years leading up to retirement, as well as those years immediately after you retire. This is the retirement risk zone. As you enter this period a market downturn can significantly reduce your retirement portfolio and you may have little or no time to recover from the losses. Within this zone you are most susceptible to the retirement risks .. .
Retirement Risks As your clients enter the retirement risk zone they will need an investment strategy that lessens the retirement risks – market risk, longevity risk and inflation risk . They will probably have questions like: How can they protect their retirement income from market volatility? How can they draw an income from their investments and still grow their money at the same time? How can they be certain they won’t outlive their money? How can they maintain a standard of living over 30 years? Let’s look at each of these three key risks closer to gain a better appreciation of their effect …
Market Risk Market risk is the most difficult of the three to control and predict. What if you or your clients had planned to retire in this market cycle? They may have had to change their plans and retire later, or live with a reduced retirement income because this is what many pre-retirees and retirees have faced in the U.S. equity market since 1999. With Sun Wise Elite Plus – as long as the client does not make excess withdrawals – the retirement income isn’t at risk, the income never declines , and when investments grow – so may the retirement income.
Market Risk Perhaps a more powerful depiction of the risk posed by market cycles is what can be referred to as either “sequence” or “order of return” risk. Here we show a 65-year-old retiree with a $100,000 portfolio withdrawing an income of $750 per month. The far left column depicts four return sequences – each averages 7%. The actual annual return sequence , as experienced over the first three years (and repeated throughout), has a dramatic effect on how quickly retirement assets are depleted. As you can see, if a constant 7% annual return is experienced, the assets would be depleted at age 86. If there are strong returns at the beginning – plus 27% in the first year – the assets will last until nearly age 95 – more than eight years of additional income. However, if there are poor returns at the beginning – minus 13% – the assets will be depleted by age 81 – meaning five fewer years of income. Sun Wise Elite Plus can eliminate the risk associated with the negative 13% at the beginning – without taking away the potential for the 27% gain…
Longevity Risk Longevity risk simply refers to the risk of outliving your money. For a couple who are age 65 today, there is almost a 70% chance that at least one of them will live to age 85. Since you never know how long you’re going to live, your clients need a retirement income solution that is guaranteed to provide income for life. Shortly, we will talk about how Sun Wise Elite Plus can eliminate longevity risk altogether.
Inflation Risk Lastly, we have inflation risk. What is inflation? It’s rising prices, of course, and if you have a fixed income, it means that your income will buy fewer real goods over time. For example, here is what a dollar will buy you 20 years down the road with different levels of inflation. At 2%, which is the current Bank of Canada target for inflation, you lose one-third of your buying power over 20 years. At 4% you lose more than one-half over the same period. In retirement, your clients will want an income that will grow and stay ahead of inflation , so that they can continue to maintain their standard of living.
Retirement Reality Armed with a greater appreciation of the retirement risks that your clients will face, you need to find out where their retirement income will come from, and how much of it will be guaranteed. In order to maintain their lifestyle during retirement, your clients will need 60% to 70% of their current income – or perhaps more. The government guarantees an income, but it’s not generous – currently, Canada Pension Plan pays a maximum of about $10,600 a year. Old Age Security is another $6,200, or so annually – for a combined total of $17,100. Today, less than 40% of Canadians have a company pension plan and the trend has been toward defined contribution plans – which means that your client, rather than their employer – assumes the risk of the underlying investments and the income that it will provide. Clients require an income solution that will serve to fill the gap between their sources of retirement income and both their essential expenses and discretionary spending …
So, what should you consider? Well, generally, as people transition toward retirement they change their investment mix and become more conservative. Bonds and GICs provide safety and a steady, reliable income – but the interest they pay faces inflation risk and the prospect of depleting assets too quickly because interest rates are so low. Further they offer very little growth potential – and without growth the investments may not last for life. Equity investments, alternatively, can provide higher growth potential – but there’s exposure to market risk and the income may fluctuate year-to-year. For retirement income clients need to balance income security with growth…
Introducing Sun Wise Elite Plus, with Income for Life. It delivers that balance and more…
Income for Life Delivers that balance by providing: Predictable, sustainable, guaranteed income for life. And by: Eliminating market risk and longevity risk and mitigating inflation risk.
SunWise Elite Plus Income for Life A guaranteed annual income for life beginning the year after age 65 – so that clients won’t outlive their money , regardless of market performance. For those who need income before age 65, there’s a guaranteed return of principal over 20 years. A 5% annual guaranteed income bonus that can offset market risk during the critical years just before retirement and provide a larger annual income in retirement. A utomatic income guarantee resets every three years that can act as a hedge against inflation and ensure that clients benefit from equity investing, without the associated downside risks. Let’s look at each of these features closer…
Income for Life Let’s take a look at how it works: This example shows a retired investor, age 65, who intends to withdraw money right away . There is an initial investment of $200,000, so the guaranteed annual income is $10,000 – which is 5% of the initial investment. The chart is a worst-case scenario . It assumes that markets decline sharply during the retirement period. But, even under these circumstances , when the portfolio value is reduced to zero after 14 years, there is still income for life. Illustration assumes a 70% equity/30% fixed income asset mix (Equity portion is one third each S&P/TSX Index, S&P 500 Index, MSCI World Index; income portion is DEX Universe Bond Total Return) and a bear market declining on average 2% per year. Annual withdrawals are assumed to be 5% of the LWA Threshold Amount. Subject to legislative minimums and maximums and certain conditions.
5% bonus The 5% annual guaranteed income bonus offsets market volatility prior to retirement. It is allocated to the GWB every calendar year investors do not make withdrawals (at the end of each year) It is prorated for initial year plus the next 15 full calendar years. 5% bonus feature does not impact contractual maturity/death benefits or market value of the contract. In short, the 5% bonus provides income growth certainty, regardless of market performance .
5% bonus + Income for Life Let’s see how the bonus works in the case of this person saving for retirement. In this example, a $150,000 initial investment is made. The retirement is 15 years away and there are no withdrawals over that time. So, for the next 15 years, plus the initial year, the 5% annual income bonus is awarded for every year without a withdrawal. At the end of 15 years the income has grown by 75% – and that’s contractually guaranteed as long as the client does not make excess withdrawals which may have a negative impact on future payments. . At age 65, the LWA Threshold Amount is established for the first time at $266,875 and the guaranteed LWA income has risen to $13,344, even though the markets have declined significantly. SunWise Elite Plus ensures the growth of the retirement income in the critical years immediately before retirement. As with the previous example, the income is guaranteed for life – regardless how the investment performs. Sun Wise Elite Plus helps your clients reach their retirement goals without risk. The GMWB benefits are subject to legislated minimums and maximums and certain conditions – refer to the May 2009 Sun Wise Elite Information Folder and Individual Variable Annuity Contract and Supplements for details. And, there’s more... Illustration assumes a 70% equity/30% fixed income asset mix (Equity portion is one third each S&P/TSX Index, S&P 500 Index, MSCI World Index; income portion is DEX Universe Bond Total Return) and a bear market declining on average 2% per year. Annual withdrawals are assumed to be 5% of the LWA Threshold Amount. Subject to legislative minimums and maximums and certain conditions.
Automatic Resets Investment gains are automatically locked in at December 31, every third calendar year throughout the life of the contract. An additional reset is also triggered on December 31 in year your client turns 65 and starts new three-year cycle. During the 15-year bonus period, resets serve to increase the value of the bonus since subsequent bonuses are calculated on the higher, reset amount. The reset feature works independently and does not impact contractual deposit maturity and death benefit guarantees, or the market value of the contract.
5% Bonus + resets + Income for Life Resets will also continue after withdrawals have begun. In this example, which is based on actual data from 1997-2008, if $200,000 had been invested in SunWise Elite Plus in 1997, six and a half years before retirement. The first reset occurs at the end of 1999. That growth plus the bonuses increase his RGWB to $279,514 and the guaranteed income to $13,976. All further bonuses are calculated on this higher value. As you can see the investment gains of the late 1990s would have been locked in with the automatic resets. And the guaranteed income would have been protected against the sharp market decline of 2000-2002. Sun Wise Elite Plus provides a way to help stay ahead of inflation, eliminate longevity risk and gain from the growth of the markets – without being affected by the downturns. The guaranteed income and mitigation of retirement risks can be negatively impacted by withdrawals above the annual entitlement. Illustration assumes 70% equity/30% income asset mix (Equity portion is one third each S&P/TSX Index, S&P 500 Index, MSCI World Index; income portion is DEX Universe Bond Total Return) based on historical rates of return, gaining on average 1.0% per year. Annual withdrawals are assumed to be 5% of the LWA Threshold Amount. Subject to legislated minimums and maximums and certain conditions.
GMWB Fees SunWise Elite Plus comes with two different classes of units and a choice of principal protection at maturity and death: Class B – 75% at maturity and 100% at death Class C – 75% at maturity and 75% at death The annual GWB fee is calculated as a percentage of the Remaining GWB on December 31 of the immediately preceding year and is paid on that same date. The annual percentage varies, based on the Class of GWB Units and how we categorize the Fund, as shown in this table As an example, total fees for SunWise Elite Portfolio Series Balanced Growth Fund with Class C guarantees and the GMWB would be approximately 3.51% based on an MER of 2.91% and a separate GWB Fee of 0.60%. It is important to note that the GWB Fee is not part of the MER charged on the fund and is a separate distinct fee that will be shown on the client statement. Any units withdrawn to pay the GWB Fee will not impact the deposit maturity, death benefit or GMWB guarantee values.
Investment Choice With Sun Wise Elite, your clients have the ability to benefit from the growth of equity investments with the protection provided by the deposit maturity and death benefit guarantees available on segregated fund insurance contracts. And when the investments grow, so does their income. That way your clients are better able to stay ahead of inflation. Sun Wise Elite Plus creates the balance between income security and the growth of the investments. With a complete selection of funds, your clients have the flexibility to tailor a portfolio to meet their individual needs. Sun Wise Elite covers Canadian, U.S. and global equities, as well as income and balanced funds. It offers some of the most prestigious managers from Canada’s top mutual fund companies.
The Sales Process Choose Investments – choose the investment strategy that fits the investor’s risk profile. You can select from a multi-asset, multi-manager, multi-style lineup of more than 50 funds, or choose one of seven managed solutions. Choose Protection Type – decide on the type of protection your clients need based on what stage they are at in their life cycle and their investment objective: A – Guaranteed income protection with the GMWB and various choices of principal protection at deposit maturity or death B – Principal protection at deposit maturity or death (three choices) 3. Add Estate Planning Enhancements – choose estate planning enhancements, such as the Earnings Enhancement Benefit and 4% Annual Automatic Death Benefit Reset, to maximize the value of your client’s estate. 4. Structure an Effective Contract – s tructure the contract to ensure the desired effect at the time of the death of the annuitant's).
Sun Wise Elite Plus A rider to all existing Sun Wise Elite funds More than 50 investment mandates , including Portfolio Series Managed Solutions Two maturity and death benefit guarantee options (Class B and C) – to suit any client’s needs Additional estate planning protection riders (Earnings Enhancement Benefit and 4% Auto Death Benefit riders) Competitive pricing , including low cost Private Managed Assets option for accounts greater than $500,000.
Client Benefits With Sun Wise Elite Plus clients can create their own personal pension, which can provide security and peace of mind in retirement. They can start withdrawing at any time, stop when they want and restart at any time. It is well suited RRIFs because it is flexible enough to meet the legal requirements without effecting your client’s guaranteed income. It’s tax efficient for non-registered accounts since withdrawals are treated as partly as return of capital (which is not taxed) and capital gains (which are taxed at a preferred rate). And, they have access to their savings at any time, but excess withdrawals above the annual entitlement may have a negative impact on future payments.
Advisor Benefits Helps consolidate your book of business. You can provide full-service financial planning by offering your client a secure source of retirement income. A way to annuitize your book and provide a ‘trailer for life”.
Success in Canada & U.S. Since launched in late-2006, the GMWB market in Canada has grown to more than $10 billion. In the U.S., where it has been around for a half a dozen years – the market is now $1.5 trillion and growing.
Research by NAVA, a U.S.-based industry association, confirms that the timing is right for a product such as SunWise Elite. According to NAVA: We are now witnessing the Wealth Transfer Effect – as money moves to the boomers from their parents, the boomers are becoming more risk averse and looking at new ways of risk management. In addition, company pension plans are dumping retirees without any information or education on retirement income planning. Since they are left on their own to cope, there is a need for a new breed of retirement specialists, that not only know the products available, but also how to manage retirement income. At the same time, boomers are shifting from building their wealth and worrying about rates of return, to worrying about their income and the risks they face in retirement.
Marketing Support There is a wealth of material to support you. Start with our website at www.sunwiseeliteplus.com to check out the SunWise Elite Plus videos, including two case studies and other material. Also available is a full suite of marketing support material including advisor and client guides, case studies, as well admats and prospecting letters and other client material. You can find three PowerPoint presentations – including a technical presentation and this presentation on how to position the sale at our presentations website at www.ci.com/presentations. We also have a complete Event in a Box, everything you need to give client seminars on SunWise Elite Plus, including a client presentation. And, of course, you can always contact your CI sales representative, or the CI client services team at 1-800-563-5181.