US: Tool Creates Retirement Income Strategy for Booming Market

Symetra Financial has launched Customized Retirement Income(SM), a tool that enables financial advisors to build a customized income plan that meets the varying income needs of retirees. Statistics show more than 60 million people will reach age 65 this year; and baby boomers-America’s largest population segment-are shifting their focus from « accumulating » retirement assets to « distributing » retirement income. Symetra Financial’s Customized Retirement Income tool provides solutions to many income challenges including generating income for life, supplementing insufficient Social Security income and generating paychecks needed to meet a client’s individual needs. « Symetra knows the strategy for accumulating assets is much different from the one needed when distributing savings; we have dedicated nearly 50 years to becoming experts at creating income options for clients at every stage of life, » says Pat McCormick, senior vice president of sales & distribution. « With Customized Retirement Income we provide financial advisors the necessary resources to help their clients fund their retirement, prepare for higher healthcare expenses and generate income to last their lifetime. » Customized Retirement Income offers practical tools and resources that enable financial advisors to meet the needs of retirees. The tools include an easy-to-use online calculator and suitability analysis to simplify the retirement income planning