Professional Learns Real Value of Protected Lifetime Income
Many people heading into retirement never consider how an untimely downturn in the financial market could mean overhauling their financial plan or even worse, delaying retirement all together.
No one knows this harsh reality better than Joe Overfield, president of Intelliplan Financial in Gahanna, Ohio. He was working at a telecommunications company in 2001 when the infamous telecoms crash occurred, resulting in a $700 billion drop in market capitalization over a 24-month period. Even though Overfield wasn’t planning on retiring at the time, it was quite a wake-up call as he lost a sizable portion of his assets.