The New World of Retirement
Help your clients understand the new world of retirement.
Every stage on the retirement journey is crucial, but some are more crucial than others. Today, helping your clients prepare for retirement is about keeping what they've saved, maximizing their benefits and making plans.
As your clients move from their 50s and into their 60s, they will likely need to make a choice about when to collect Social Security retirement benefits. Many will want to fall back on the old adage “collect as soon as you can for as long as you can,” but in an age of increasing longevity and disappearing pensions this may not be the most optimal choice. BlackRock's Retirement Center offers tailored content, relevant action items and tools to guide your clients on their path to retirement.
What Are the Key Conversations?
- Use longevity: As your clients near retirement, talk about the importance of building smart, dynamic, diverse and global portfolios. Investing for a retirement of 20+ years is complicated in the current environment of low bond yields and slow economic growth. Let BlackRock help you explore retirement investment solutions that make sense in this new world of investing and the opportunities that longevity brings.
- Think about the cost of retirement. Helping clients start now to think about how much they will need in retirement requires a close look at anticipated expenses and sources of monthly income. Take the time to help your clients bucket anticipated expenses and determine the required retirement income needed. Let BlackRock help you start these conversations with our Retirement Expense Worksheet.
- Maximize Social Security. Understanding all the rules behind Social Security retirement benefits can be a difficult, and daunting, task. Talk with your clients about the importance of timing in making the right Social Security decision. Determining when to collect Social Security benefits is one of the most significant retirement planning decisions your clients will make. Not only will it define the size of their monthly benefit, but also the amount of Social Security income they will collect over their lifetime.
Use this opportunity to review BlackRock's Social Security Benefits Estimator to run various Social Security collection strategies help maximize benefits for your clients.
How to Use Resources
As your clients move closer to retirement or are already there, help them identify real retirement expenses and risks that could impact goals. Direct your clients to BlackRock's Define Your Retirement tool to help them visualize what their retirement might look like. It's an easy way to get the retirement conversation started—through an innovative web-based tool that allows clients to envision how they might want to live in retirement.
Take Advantage of BlackRock's Market Strategies & Products
* This is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The information and opinions contained in this presentation are derived from proprietary and nonproprietary sources deemed by BlackRock to be reliable, are not necessarily all inclusive and are not guaranteed as to accuracy. Past performance does not guarantee future results. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the viewer.
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