Women & Income™ is a community of like-minded advisors who will strengthen each other through support from seasoned peers. Your current business model may have you working alone, and you may be quite successful already. But there is strength in numbers and real power that comes from having the support of a whole community. When a group of individuals is devoted to a noble mission, facing similar challenges, agreeing upon a common definition of success, motivated by proper incentives, including the potential for financial rewards, then every member of the community enjoys the greatest chance of achieving maximum success.
Exchanging your ideas with colleagues and collaborating with fellow advisors is a key to increasing productivity and professional satisfaction. Making meaningful connections with peers is also a way to hold yourself and others accountable. Gaining the encouragement of your peers offers tremendous rewards and keeps one motivated.
Since 2011, when the first Boomers reached age 65, we’ve experienced an unprecedented, eleven- year bull market in equities. This, combined with near zero interest rates, has shifted the dynamics of retirees’investing decisions to embrace more risk, not less. With stocks seeming to only increase in value, advisors with true income planning skills know that lots (probably millions) of income planning “sins” have been committed by advisors using systematic withdrawal strategies that provide no protection against either Timing Risk™ or longevity risk. This has left many retirees exposed to financial dangers in ways that can devastate their retirement security. What happens to retirees with poorly constructed retirement portfolios when equity prices inevitably decline? What will be the impact on Boomer women’s nest eggs? Their levels of monthly income? And their capacity to have income that lasts?
In part, then, our mission is to educate. We must demonstrate that there is a superior way to generate monthly retirement income, one that better manages risks while also promoting a woman’s capacity to remain appropriately invested through all market conditions. Educating women on the many advantages of Hybrid Time-Segmentation© is a critical first step. This we will do in a variety of ways, but notably using digital tools for delivering education online.