Considering today's high-interest rate environment, annuities are an important part of a holistic financial plan. By understanding the psychological and financial implications of guaranteed income products and client-centered education and engagement, advisors can help clients achieve their retirement goals with confidence and security. Daniel's success in helping military retirees maximize their retirement income reflects the impact of strategic annuity placement in retirement planning.
In this episode of Advisor Revelations, Jackson Bradley talks with Daniel Kopp, Founder & Lead Financial Planner at Wise Stewardship Financial Planning. Daniel focuses on serving the needs of young, widowed spouses and service members. His many years of experience delivering personal and practical financial planning and advice, combined with his lifestyle approach to financial planning and investment management, help his clients achieve peace of mind and confidence for the future while making the most of their lives today.
Daniel talks with Jackson about how advisors can leverage the current high-interest rate environment to improve client plans through multi-year guaranteed annuities (MYGAs) and other fixed-income alternatives. He also shares insights on how he dispels the stigma associated with annuities, highlighting the use of DPL's tools to solve clients' concerns about guaranteed income.
In this episode:
- [01:18] - How Daniel got into financial services
- [03:42] - What compelled Daniel to partner with DPL
- [06:15] - How DPL transformed Daniel's financial planning services
- [09:35] - How guaranteed income impacts clients
- [12:36] - One of Daniel's favorite annuity strategies
- [14:29] - How DPL solves client annuity problems
- [17:24] - Dispelling the stigma associated with annuities
- [19:59] - How RISA solves clients' dislike of guaranteed income
Links
- Daniel Kopp on LinkedIn
- Wise Stewardship Financial Planning
- Michael Kitces
- David Lau
- Wade Pfau
- RISA | DPL Financial Partners
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