An RIA-Friendly Life Insurance Strategy for Retirement Security (Part Two)

David MacchiaAdvisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

In the first installment of this series, I pledged to unveil a retirement strategy with such merit that it warrants widespread adoption by the investment advisor community. Let's delve into the compelling case for this approach.

Figure 1 All sides agree: We have a crisis.

Context: An unaddressed crisis

The retirement-security crisis in the United States has garnered bipartisan attention, with key figures like Bernie Sanders, Ben Carson, Elizabeth Warren, Marco Rubio, Rand Paul, and Patty Murray highlighting its urgency. Even artificial intelligence, represented by ChatGPT, emphasizes the inadequacy of retirement savings, particularly due to the decline of defined-benefit plans: “The decline of defined benefit plans has left a void in our social safety net that 401(k)s and other defined contribution plans simply cannot fill."

sampling companies

Figure 2 A sampling of companies that have frozen or terminated their defined benefit plans.