September 13, 2012
--- A website that helps advisers identify retirement
savings gaps and simplify planning considerations was launched by The
Principal. ---
Business
owners, key employees and high-income individuals may have a retirement savings
gap and a different set of considerations when it comes to meeting retirement income goals. The site, Principal
Retirement+, lets financial advisers access supplemental retirement resources including:
- A
retirement gap calculator to
prepare a customized gap analysis for clients;
- Consultative
expertise including one-on-one case
design, analysis and presentation; and
- Post-sale
support and ongoing administrative
services.
Supplemental
retirement solutions can be overwhelming, leading The Principal to create what
they said is a streamlined process for advisers with educational and planning
tools, according to Patti Bell, director of advanced solutions for The
Principal. “Financial professionals play a critical role in helping individuals
determine their retirement readiness by identifying gaps and offering ways to
save more,” Bell said.
Principal Retirement+ leads advisers through the sales process, first identifying the savings gap and
then creating an action plan. Advisers can access a team of CPAs, attorneys and
experienced plan design consultants. Choosing from a wide range of
possible supplemental retirement solutions, professionals at The Principal will
develop a customized proposal to help meet individual client needs.
The
product portfolio includes products designed specifically for the business
market with flexible funding options, coupled with traditional and innovative
policy riders, Bell said.
The site can be found
here.
Jill Cornfield