Ray's Story

Ray, a marketing professional from New Jersey, wanted to retire early. The financial challenge he and his wife faced was how to best use their accumulated savings to create a reliable source of income to act as a stop gap to cover essential costs from retirement until their Social Security benefits and pensions began.

A major concern Ray had was the unpredictability of the financial markets. He knew that for someone newly retired, a significant downturn could be catastrophic, as he and his wife might not have time for their portfolio to recover. Ray was seeking a strategy that provided a predictable return regardless of how the markets performed.

During his research, Ray, age 61, became interested in annuities and DPL Financial Partners after reading an article in The New York Times on annuities and the company.  While he had initially encountered resistance and skepticism about annuities from other financial firms, he felt confident that DPL was a legitimate and trustworthy player in the modern annuity space.

The experience working with DPL was straightforward and friendly from the beginning. DPL identified several annuity options for Ray that could act as the financial bridge he wanted. Ray chose a 5-year Multi-Year Guaranteed Annuity (MYGA), which locked in a competitive and guaranteed interest rate on a portion of his savings for a set five-year period.  

When a custodian error threatened to derail the process and cost them a locked-in rate, the DPL team didn't flinch. They navigated the issue until everything was resolved, and the annuity was safely established.

This has given Ray and his wife a bedrock of stability in their overall financial plan, with a portion of their retirement savings safe and growing predictably, completely separate from the daily fluctuations of the stock market. Now, Ray has a profound sense of peace of mind.

"I'm so grateful we found this strategy working with DPL. It has given us ‘permission’ to truly enjoy and live out the retirement plans we’ve long dreamed about. We may have given up some potential market upside but not having the constant concern over market volatility is a huge plus."

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