Running out of money in retirement is a top concern for clients. It's important to have an open discussion with clients about how long they may live in retirement and how many years their plan will need to cover. Spend a few minutes with your clients to review the default life expectancy in MoneyGuidePro®.
To guide your discussion open up the Life Expectancy Calculator by clicking the Discuss button on the Retirement Period page. The client will be prompted to answer three simple questions which can be important indicators of longevity.
Engaging your clients in this conversation can help them realistically think about funding their needs and goals throughout their expected retirement. It can also help them build confidence and address their fear of running out of money,