TruChoice Introduces Two New Diagnostic Calculators for Retirement Solutions

TruChoice Financial Group, LLC is revolutionizing the way financial professionals approach retirement income strategies with the introduction of two new diagnostic calculators. These calculators provide valuable insights into ongoing income flows and withdrawal rate risks, allowing professionals to better tailor solutions for their clients.

The Internal Rate of Return calculator analyzes income generated over time and calculates the equivalent rate of return needed to achieve the same cash flow, potentially utilizing fixed index annuities. On the other hand, the Withdrawal Rate Calculator offers a comprehensive view of a retirement portfolio, combining guaranteed and non-guaranteed income sources to determine the withdrawal rate necessary to meet clients’ retirement goals.

According to Brian Kunkel, Vice President of Advanced Strategies at TruChoice, these calculators empower financial professionals to evaluate different products and income options more effectively, ultimately helping clients achieve their retirement objectives. The calculators complement TruChoice’s existing tools, which focus on sequence of returns, retirement savings needs, inflation impact, and longevity.

TruChoice Financial Group, LLC is a leading distributor of financial services products in the insurance industry, offering access to top-rated carriers and specialized products. With a commitment to providing innovative tools and solutions, TruChoice continues to support financial professionals in delivering personalized retirement strategies for their clients.

For insurance-licensed financial professionals looking to enhance their retirement planning capabilities, TruChoice’s new diagnostic calculators offer a valuable resource for optimizing income strategies and mitigating withdrawal rate risks.

Source: TruChoice Financial Group, LLC