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    • Total Retirement Income Planning

    Why Total Retirement Income Planning matters

    Clients approaching retirement are faced with a mountain of decisions. They are counting on their financial professional to help them manage the transition to retirement, including retirement income planning.

    The Total Retirement Income Planning program will help you deliver on four primary client expectations:

    • Income-focused planning: How much income will I need to support my unique view of retirement?
    • Personalized income protection: What level of protected lifetime income do I need to keep me from worrying whether I can cover my essential expenses?
    • Social Security optimization: How can I get the most from my retirement benefits, even if there are future cuts? 
    • Identify common spending shocks: Can you help protect me from major income disruptions such as unplanned medical expenses or major home repairs?

    Whereas savers are focused on diversification and growth, many retirees shift their focus to income. Total Retirement Income Planning takes into account a client's unique income needs and wants for a more personalized approach. A guaranteed income stream above and beyond Social Security benefits can help retirees feel confident and resilient against life's unexpected spending shocks.

    Develop a personalized retirement income approach

    Research by Alejandro Murguia and Wade Pfau determined that continuing a pre-retirement, investments-centric strategy when it’s time to generate retirement income resonates with only about a third of the retirement-age population.1

    Read Wade Pfau's white paper about uncovering a client's unique preferences. (PDF)

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    clients may be in search of a different investing strategy when it comes to generating retirement income

    Check out our videos

    Increase client loyalty by developing personalized retirement income plans that can help improve both financial confidence and retirement satisfaction.

    Review the videos

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    Kick-start the client conversation with My Retirement Vision BoardSM

    An example collage of images varying in size to highlight most to least important areas of life during retirement, including pets, travel, volunteering, and being active.

    Our fun and engaging experience is a great way to launch a personalized income planning discussion. In about five minutes, your client can give you a strong starting point for discussing strategies to protect what matters most in their retirement.

    It identifies what each client considers to be the essential expenses they need to cover with their retirement income. When working with couples, ask both clients to take the quiz. The retirement each envisions may be very different, and that’s valuable information for you to know.

    View client experience

    For more information about Total Retirement Income Planning, view our many resources.

    [1] "Evaluating retirement income strategies for defined contribution plans," Treichel, Bonnie and Shawn O'Brien, Broadridge (2025). https://www.broadridge.com/_assets/pdf/evaluating-retirement-income-strategies-for-defined-contribution-plans.pdf

    Guarantees and protections are subject to the claims paying ability of the issuing insurance company.