Employees face challenges when they retire, including worries about market volatility, inflationary concerns, and retirement income sustainability. FP Wealth Management can service your employees’ retirement plan (401k, 403b, profit sharing, money purchase, or safe harbor) in order to provide them with innovative ways to plan for retirement. In a poll of retirees, 85% reported being “extremely or very concerned” about having sufficient income for retirement, 45% reported that they were concerned with market performance risks, and 38% said outliving assets is their top concern.* There may be benefits or options available to employees in their employer’s plan that can address the challenges your employees may face.
As the baby boomer generation enters the age range for retirement, developing trends indicate behavior may be different than expected from past generations. Baby Boomers are “transitioning” into retirement by continuing to work and continuing retirement plan accumulation. This change in behavior patterns gives the employer the opportunity to provide products and services to meet the retirement planning needs of this generation and beyond.
Win-win opportunities are often sought but not always found. So when they do arise, it’s important to take full advantage. Based on some statistics that are central to the retirement planning process, FP Wealth Management may be able to show you the solution that you and your participants have been looking for. While 46% of workers indicate that they are either very likely or somewhat likely to buy or choose a guaranteed income product, only 33% of workers report that either they or their spouse have a defined benefit plan with a current or former employer. Furthermore, only 6% of workers are very confident that the Social Security system will continue to provide benefits of at least equal value to the benefit’s received by retirees today.**
And just as the statistics show a true need to address real participant retirement concerns, FP Wealth Management can show you how your participants can have an option to help address those needs.
Contact Jason Peplinski at FP Wealth Management for an examination of your employees’ retirement plan to see if a change to help them retire more comfortably will benefit your business.
Jason is securities licensed through Investacorp, Inc., a registered broker dealer, member FINRA, SIPC. Jason is also advisory licensed through Investacorp Advisory Services, Inc. a SEC registered investment advisory firm.
By Jason J. Peplinski, MBA, FSS, LUTCF
Office: 402.465.5678 | Toll-Free: 800.745.6029 | Fax: 402.465.8317
770 N Cotner Blvd Suite 411 | Lincoln, NE 68505
* Source: “Winning the Retirement Race,” McKinsey (2007) ** 3 Employee Benefit Research Institute, 2012 Retirement Confidence Survey