Begin with the life you want to lead
A retirement income strategy begins with anticipated spending. Separate essential expenses, such as housing and healthcare, from discretionary goals. Consider how inflation, changing household needs and a longer-than-expected retirement could affect those expenses.
Bring your resources together
Review savings, pensions, retirement accounts and Social Security as parts of one picture. The timing and reliability of income sources matter, as do liquidity and the risks associated with the resources used to generate income.
Evaluate the trade-offs
Insurance-based income options may have a role for some households, but contract costs and withdrawal restrictions require careful consideration. A strategy should be reviewed as circumstances change. No single product can address every retirement need.
For educational purposes only. Products and strategies vary by individual circumstances. Consult qualified legal and tax professionals where appropriate.
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