As people live longer and healthier lives, the need for retirement income that lasts throughout one’s lifetime has never been greater, but the traditional sources are no longer as secure as they once were. This has led many people to seek alternative sources, such as annuities. Annuities have become an increasingly popular means of generating retirement income as they provide many advantages over other solutions.
DPL Consultant John Watson joins Tim Rembowski for another segment of Advisor Revelations. John brings over 25 years of industry experience and annuity wholesaling to DPL. For the last 18 years, John has used a holistic approach to planning with managed assets, annuities, income, and protection strategies at Fidelity Investments.
Demonstrating a deep understanding of DPL's insurance and annuity products, John talks with Tim about interest rate movements, how that affects fixed annuities, and the solutions and strategies needed to address current challenges.
Key Takeaways
[01:45] - How advisors adapt to today's market environment.
[04:29] - How multi-year guaranteed annuities (MYGAs) are creating positive results this year.
[05:42] - The positive effects of annuities.
[07:03] - John's outlook on interest rates.
[09:03] - The yield curve for MYGA.
[11:44] - What makes MYGAs so beneficial in today's market.
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