Conversion Analyzer
Help your clients determine if converting from a Traditional IRA to a Roth IRA is right for them.
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Retirement Income Planning
Put our insights into practice to help your clients meet their retirement goals
Your clients need to prepare for a retirement that may last longer than they ever expected.
Understand the factors that impact retirement income plans, including Social Security and Medicare.
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Retirement Planning
Consider the Five Key Risks of Retirement
Before your clients can embark upon building a practical road map to financial security, they need to understand five key risks that can potentially derail a lifetime income plan.
- Source: * Social Security Administration, Income of the Aged Chartbook, 2014 (released April 2016), based on highest quintile of $72,129. For illustrative purposes only.
Learn about the five key risks and access resources you can use to help clients effectively plan for retirement.
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Health Care Costs
Understand the Cost of Health Care in Retirement
Health care expenses represent a large threat to retirement savings and are one of the most important parts of a retirement income plan.
- The 2023 Retiree Health Care Cost estimate is based on a single person retiring in 2023, 65-years-old, with life expectancies that align with Society of Actuaries' RP-2014 Healthy Annuitant rates projected with Mortality Improvements Scale MP-2020 as of 2022. Actual assets needed may be more or less depending on actual health status, area of residence, and longevity. Estimate is net of taxes. The Fidelity Retiree Health Care Cost Estimate assumes individuals do not have employer-provided retiree health care coverage, but do qualify for the federal government's insurance program, original Medicare. The calculation takes into account Medicare Part B base premiums and cost-sharing provisions (such as deductibles and coinsurance) associated with Medicare Part A and Part B (inpatient and outpatient medical insurance). It also considers Medicare Part D (prescription drug coverage) premiums and out-of-pocket costs, as well as certain services excluded by original Medicare. The estimate does not include other health-related expenses, such as over-the-counter medications, most dental services and long-term care.
Despite Americans' high concern about health care in retirement, many underestimate their medical costs.
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Social Security
Help Clients Maximize Their Benefits
Waiting to claim Social Security is often the better option. But those without adequate savings could risk running out of money too soon and might have fewer options.
Waiting to collect Social Security benefits until age 70 can add up.
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Retirement Savings
Review Fidelity’s Retirement Savings Assessment
This Fidelity study finds many families are at risk of not meeting retirement savings goals. Consider six steps to get your clients on track.
Find ways to help clients accelerate progress toward their retirement goals by understanding the Retirement Preparedness Measure (RPM).
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