The 4th of July is on a Saturday this year. So, many advisors are taking some of this week off, and some will do so next week. As such, I thought I’d create a newsletter with useful material for those who aren’t necessarily working, but may find time for some reading.
To download all three (NO SIGN-UP FORM REQUIRED), click on the following:
https://advisorshare.com/3-new-retirement-studies
Ed Slott Shows His Ignorance of Roth Conversions in Recent Online Interview
If you missed last week’s newsletter, you missed one that will be an eye-opener for many. Ed’s video comments are so stunningly ignorant that I created a multi-page commentary with my thoughts as to why he is wrong. To download my comments, click on the following link:
https://deconstructingrothiraconversions.com/ed-slott-commentary
Northwestern Mutual’s 2026 Planning & Progress Study
This poll involved 4,375 Adults in January of this year. 816 of them were high-net-worth with investible assets of $1 million (not including money in a pension or property).
This 8-page study asks mostly financial independence questions. Here are a few:
-At what age do you think you will achieve financial independence?
-% who do not believe they will ever become financially independent.
-Do you believe achieving financial independence is easier or harder today than it was for previous generations?
Allianz’s 2026 Annual Retirement Study
This 12-page study asks questions about how their retirement planning is going and why, for most, it’s not progressing as well as it should be. Here are some of the questions:
-What’s shaking your retirement outlook?
-What people expect to spend vs. what retirement actually costs.
-The effects of the “gray” divorce.
-Do people feel like they are ahead or behind the curve when it comes to their savings?
-What’s holding people back from feeling empowered to retire on their own terms?
-Would you rather leave a legacy or spend it all?
-How anxious are you about stock market turbulence and it’s affect on your retirement?
The Growing Influence of Health Risks on Retirement Security by LIMRA
As we all know, health costs are outpacing inflation by a wide margin. This is projected to continue for 10+ years. This study has a lot of interesting data on the likelihood of people developing different types of ailments:
-different forms of cancer
-heart disease
-dementia/cognitive impairment
-It has data on the per-capita annual health care spending, including data on long-term care (LTC) frequency, the projected costs for LTC, and the “out-of-pocket” spending by caregivers.
-The study states emphatically that people are nearly three times more worried about health care costs than stock market crashes.
Dementia can financially ruin a senior client, and the risk of some form of cognitive impairment is much higher than people think. The problem is that not enough people are taking steps to deal with an extended stay in a nursing home.
Are these worth reading? I think so. Learning more about how clients and potential clients think will allow me to spend more time focusing on their needs vs. what I think is important (because I’m not always right when it comes to what I think their priorities are or should be).
New Medically Underwritten LTC SPIA Will Change Lives
WEBINAR on demand
Exclusive Distribution Product!
Given that most people are not financially prepared for an extended stay in a nursing home and that most do not want to get on Medicaid, this New medically underwritten SPIA is a game changer.
Click on the following to sign up for more info and to watch the webinar:
www.advisorshare.com/medically-underwritten-spia
FYI, the max issue age for this new SPIA is age 95!
This SPIA is for Clients CURRENTLY Receiving Nursing Home Care
The above heading is not a typo. This product is designed for clients in nursing homes or those receiving nursing home-type care outside of a facility. It’s mostly for clients who can’t perform 2 or more of their 6 ADLs (Activities of Daily Living).
