Revamping Retirement Solutions: New Annuity Offerings for Advisors

Retirement Planning Enhanced Through Strategic Partnership

RetireOne, a key player in the insurance solutions marketplace, has joined forces with Western & Southern Financial Group to bolster retirement planning initiatives. By integrating Western & Southern's Deferred Income Annuity (DIA) and Single Premium Immediate Annuity (SPIA) into their offering, RetireOne is equipping retirement income advisors with powerful tools. This partnership aims to provide Registered Investment Advisors (RIAs) with solutions specifically designed for crafting customized, guaranteed income strategies that align with clients' unique retirement objectives.

Innovative Solutions for Modern Retirement Needs

The collaboration not only offers SPIA and DIA products but also introduces an option for Qualified Longevity Annuity Contracts (QLAC). This is a significant addition as it allows clients to defer their retirement income until beyond the age where Required Minimum Distributions (RMDs) typically start. This deferral can help clients strategically plan their income in ways that were not previously available.

Benefits for Advisors and Their Clients

By facilitating access to such valuable resources, both RetireOne and Western & Southern reflect their dedication to enhancing the capabilities of fiduciary advisors in retirement income planning. This strategic move empowers advisors to create more secure retirement plans while ensuring they remain tax-efficient.

Leadership Insights on the Partnership

David Stone, the CEO of RetireOne, expressed enthusiasm about this partnership, highlighting how Western & Southern's competitive rates and strong financial ratings enhance RetireOne's offerings. Stone emphasizes that this collaboration opens up a marketplace filled with advisory solutions tailored for financial professionals aiming to support their retirement-focused clients.

Commitment to Customer and Advisor Support

Mark Caner, president of W&S Financial Group Distributors, echoed Stone's sentiments, noting how this alliance strengthens the financial tools available for advisors. With the growing complexities in retirement planning, having access to products designed to bolster client confidence in their retirement strategies is essential.

About Western & Southern Financial Group

Established in 1888, Western & Southern Financial Group has grown into a prominent entity within the financial services landscape, boasting a diversified portfolio. As a Fortune 500 company, it manages significant assets, making it one of the strongest life insurance groups globally. The company holds an impressive array of subsidiaries, each contributing to a robust financial foundation.

The commitment of Western & Southern to sponsor notable events further attests to their dedication to community involvement. Notably, they have a history as the title sponsor for a prestigious tennis tournament, enhancing their visibility and connection to the community they serve.

About RetireOne

RetireOne has been pivotal in providing fee-based insurance solutions since its establishment. Having served over 1,200 RIAs, the platform focuses on delivering accessible, straightforward retirement solutions tailored for advisors and their clients. With a growing number of retirement savings and income investments under management, RetireOne continues to innovate in the retirement planning space, ensuring that advisors are equipped with the tools necessary to excel in their client service.

Frequently Asked Questions

What does the partnership between RetireOne and Western & Southern offer?

The partnership provides advisors with access to Deferred Income Annuities and Single Premium Immediate Annuities, uniquely designed to meet clients’ retirement planning needs.

How does the Qualified Longevity Annuity Contract benefit clients?

QLACs allow clients to defer retirement income beyond traditional required minimum distribution ages, offering greater flexibility in income planning.

What is the significance of this partnership for advisors?

This collaboration enhances the resources available to advisors, enabling them to create more comprehensive and tax-efficient retirement plans for their clients.

What type of company is Western & Southern Financial Group?

Western & Southern is a Fortune 500 company with a diversified portfolio, including life insurance and financial services, noted for its strong financial ratings.

How long has RetireOne been serving advisors?

RetireOne has been providing fee-based insurance solutions since 2011, continuously expanding its offerings for RIAs and advisors.

About The Author

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