Wealthmind Financial Planning’s Post

Welcome to the RISA Community! 🎉 Join a community of forward-thinking financial advisors dedicated to mastering retirement income planning. Our mission is to provide you with the tools and knowledge to guide clients from accumulation to distribution effectively. Traditional withdrawal rules are outdated; a nuanced approach is needed due to evolving retirement risks. Both near-retirees and younger consumers seek insights on preparing for a smoother decumulation phase. Led by Wade Pfau and Alex Murguia, this initiative combines strategic best practices with psychological and practical expertise to enrich the retirement planning dialogue.   ** We have something for consumers too, see below.**   Unpacking the Assumptions: Our approach acknowledges that there is no one-size-fits-all strategy for generating retirement income. The key is to start with the client's preferences. Our philosophy is simple: we focus on aligning strategy with individual needs and aspirations rather than merely optimizing numbers on a spreadsheet. 📊 The RISA tool embodies the intersection of retirement planning excellence and psychological insight. It is the first practical guide designed specifically for advisors. With the RISA, you can assess retirement income strategies in a way that's both comprehensive and deeply personalized. What's Next: Our upcoming posts will take you through everything RISA has to offer: 🌟 RISA Profile: Understand unique retirement income styles and how they influence strategy selection. 🧠 🌟 Retirement Risks: Identify and address specific risks associated with different phases of retirement. ⚠️ 🌟 Strategy Selection: Learn the right strategies based on your client's retirement income style. 🧩 🌟 Implementation: Gain insights into effectively putting these strategies into action. 🚀 🌟 In Their Words - Advisors: Hear how advisors using the RISA have transformed their discussions on retirement income strategies with clients. 🎙️ 🌟 In Their Words - Consumers: Discover how consumers view the RISA after taking it and how they wish to engage with advisors. Feedback highlights how RISA has facilitated richer conversations and tailored strategies that genuinely resonate with clients' goals and concerns. 💬 Your Next Step: If you haven’t already, I encourage you to take the RISA assessment. It's the best way to experience the value and depth of the insights it provides. Discover how it can transform the retirement planning process for you and your clients. 🛠️ 🔗 Take the RISA Assessment: https://lnkd.in/eRx6BcpS Welcome again to the RISA community. We're thrilled to have you on board and can't wait to see how you'll leverage these insights to enrich your practice and make retirement planning more empowering for your clients. If you are a consumer (non-financial professional) click here instead: https://lnkd.in/ePR548wJ

In retirement planning, aligning a client’s retirement income strategy with their unique RISA Profile and identifying the most fitting implementation approach is pivotal for achieving financial security. This synergy is crucial; one element without the other only tells half the story. Throughout our series, we've emphasized the importance of implementation. Without it, we’re merely speculating about potential fits for your prospects. By leveraging our implementation matrix—anchored in Retirement Income Self-Efficacy and Perceived Advisor Usefulness—we’ve distilled four distinct personas: Delegator Collaborator Validator Self-Directed Integrating the Implementation Matrix directly into the RISA application empowers you to seamlessly incorporate this analysis into your comprehensive assessment, which is invaluable when evaluating prospects. Why include the Implementation Matrix in prospect assessments? Tailored Nurture Sequences: Craft follow-up communications that resonate deeply with each persona, demonstrating an unparalleled understanding of their individual journeys. ✉️ Pipeline Optimization: Prioritize your efforts efficiently by discerning which prospects hold the most promise for conversion, acknowledging that not every prospect warrants equal attention. 📈 Enhanced Conversion Tactics: Approach discovery meetings armed with insights into their preferred retirement income strategies and concerns. Communicate in a way that aligns with their persona, significantly boosting your conversion success rate. 🔍 Click here:https://lnkd.in/eXdM9JP4 for a quick 30-second overview of how the Implementation Preferences section can transform your practice. The RISA tool is more than a platform; it’s a bridge connecting you with prospects through top-tier retirement planning blended with behavioral finance insights. Adopting the RISA allows you to forge immediate, meaningful connections that can evolve into lifelong client relationships. 🤝 We invite you to experience the difference firsthand with a 14-day risk-free trial: https://lnkd.in/eeRsbNMm. Discover how the RISA can become a cornerstone of your marketing, discovery, and planning processes, offering a bespoke approach that our industry needs. Ready to tailor your approach and deepen client relationships? Let’s explore these personas together! 🚀

Self directed IRAs are a great little talked about subject. There are so many options this opens up. Definitely have to consult the experts on this one to do it correctly. A reminder for me is to use my own Roth IRA. 36 trillion in retirement accounts, this is huge. Thank you. Tim Bratz Watch this video for more information Connect with us clicking the link below to learn more #sdira #selfdirected #retirement #multifamily #investwithscottkidd

Ready to leverage Pacific Life’s Advisory Solutions Desk and our client proposal tool? Watch this quick step‐by‐step guide on how to initiate and formally submit your client’s specific case directly to Pacific Life on our website tailored to RIAs.

Ready to leverage Pacific Life’s Advisory Solutions Desk and our client proposal tool? Watch this quick step‐by‐step guide on how to initiate and formally submit your client’s specific case directly to Pacific Life on our website tailored to RIAs.

Ready to leverage Pacific Life’s Advisory Solutions Desk and our client proposal tool? Watch this quick step‐by‐step guide on how to initiate and formally submit your client’s specific case directly to Pacific Life on our website tailored to RIAs.

Ready to leverage Pacific Life’s Advisory Solutions Desk and our client proposal tool? Watch this quick step‐by‐step guide on how to initiate and formally submit your client’s specific case directly to Pacific Life on our website tailored to RIAs.

Ready to leverage Pacific Life’s Advisory Solutions Desk and our client proposal tool? Watch this quick step‐by‐step guide on how to initiate and formally submit your client’s specific case directly to Pacific Life on our website tailored to RIAs.

Ready to leverage Pacific Life’s Advisory Solutions Desk and our client proposal tool? Watch this quick step‐by‐step guide on how to initiate and formally submit your client’s specific case directly to Pacific Life on our website tailored to RIAs.

Ready to leverage Pacific Life’s Advisory Solutions Desk and our client proposal tool? Watch this quick step‐by‐step guide on how to initiate and formally submit your client’s specific case directly to Pacific Life on our website tailored to RIAs.