Next Steps: Building Your Retirement Income Plan

Key Takeaways

• A retirement income plan should reflect your personal goals, risk tolerance, and timeline.
• Understanding income sources available to you can help you make informed, confident decisions.
• A thoughtful strategy can help address key risks in retirement, including longevity risk and sequence-of-returns risk.

Every retirement plan is personal. Income needs, timelines, and risk tolerance vary from person to person.

Understanding your essential expenses in retirement, the sources of income available to you, when you’ll need income, and your comfort with risk is a good starting point for building a retirement income plan. A well-designed income plan can help ensure you have the money to support your lifestyle and spend with confidence throughout retirement.

A good place to start: use our guaranteed income calculator to see how much income a specific investment amount could generate with a commission-free annuity, or how much a specific monthly income amount could cost to fund. If you’d rather talk through your plan with a person, we can connect you with a financial advisor.

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Disclosures:

This material is provided for educational purposes only and does not constitute investment, legal, tax, or insurance advice. It should not be relied upon as a recommendation to purchase, sell, or exchange any security or insurance product. Investors should consult their financial, tax, and legal professionals before making financial decisions.

Annuities are insurance products issued by insurance companies. Guarantees are subject to the claims paying ability and financial strength of the issuing insurer. Product features, limitations, fees, surrender charges, and availability vary by contract and carrier.