Fidelity Investments announced Thursday that it is expanding its retirement income planning program for financial advisers.
Fidelity Advisor Retirement Income Services, which was started in June, is now to offer a workbook to give advisers a blueprint and seminars for developing retirement income plans.
The workbook outlines steps toward assessing a client's current situation by calculating an annual income gap and expected withdrawal rate, calculating a client's essential expenses, detailing two strategic options for closing the income gap, and developing strategies for funding other expenses. It also tells advisers how to lay this out to a client.
Advisers also have been given access to investor seminars that they can conduct to educate both clients and prospects about the risks that endanger their retirement income streams and about how they can build a plan.
The workbook and seminar join a suite of resources the Boston mutual fund company has made available to advisers. These materials include an expense "fact finder" worksheet and income planning white paper that advisers can offer their clients and a variety of product choices.
