Retirement Repair Shop with Mary Beth Franklin

By 2030, all baby boomers will be over 65 and will make up about 20% of the U.S. population. For the first time in our nation’s history, there will be more people over the age of 65 than under age 18, which poses enormous economic challenges for the country and individuals. Unfortunately, many Americans lack the resources for a comfortable retirement or skipped crucial planning steps along the way. Now, many new and soon-to-be retirees face dual threats of high inflation and market volatility. Grant Kvalheim, president of Athene, talks about how financial professionals can help their clients grow their retirement savings and create guaranteed income in these challenging times.

Please note: This content is intended for financial professionals.

The Covid pandemic turned the world of work upside down with millions of people losing their jobs and countless other working from home. Now, more than two years later, the new world of work continues to evolve and some retirees, concerned about rising inflation and volatile markets, are returning to work. Workplace futurist Kerry Hannon talks about emerging workplace trends and ways financial professionals can help their clients navigate these uncertain times. From working remotely to building new skills through lifelong learning to launching a business, Hannon discussed how financial professionals can help older clients take control of their future, their finances and their retirement.

Please note: This content is intended for financial professionals.

Millions of American retirees and near retirees are particularly vulnerable as withdrawing funds from a shrinking nest egg during their early retirement years can threaten portfolio longevity. Annuities can deliver the stable income that retirees crave, but how exactly do they it? Laurence Black, founder of the Index Standard, helps us look under the hood of some of the latest annuity offering to explain how the strategic use of various financial indices can create reliable streams of retirement income.

Please note: This content is intended for financial professionals.

Millions of baby boomers are retired or preparing to retire. But after a decade of strong market performance, near zero interest rates and low inflation, today’s retirees face new challenges: the highest inflation in 40 years coupled with volatile markets against a backdrop of longer lifespans. Guest Mike Downing, chief operating officer of Athene, shares his insights of how older Americans can stretch their savings and stabilize their income over a retirement that could last 30 years or more.

Please note: This content is intended for financial professionals.

Despite progress made in recent decades, women continue to be at greater risk of not achieving a financially secure retirement than men, in large part due to the gender pay gap and time out of the workforce for parenting and caregiving. Covid has made that situation worse. Tired of juggling work responsibilities and family caregiving duties during the pandemic, many women simply gave up and joined the Great Resignation. With Mary Beth to discuss how Covid has affected the outlook for women’s retirement security is Catherine Collinson, CEO and president of the Transamerica Institute and its Transamerica Center for Retirement Studies.

Today, women control a third of total U.S. household financial assets. That’s more than $10 trillion. But over the next decade, large sums of money are expected to change hands, driven mainly by demographics as women inherit assets from parents and spouses, through divorce settlements, and by investing their own hard-earned savings. These changes represent a critical inflection point for the financial services industry. When affluent women take over financial decision-making for a household, they typically seek out new wealth management relationships to suit their needs. With Mary Beth to discuss how to work with women investors, particularly when the female is the primary decision-maker in a couple, is Allison Schmidt of Higgins & Schmidt Wealth Strategies in Denver.