Which is the best route for you?
You have worked hard to build up your retirement savings only now to question if you’ve indeed saved enough. Due to advances in medicine, diet and technology, people today are living longer than ever before. This makes it critical to evaluate your current retirement picture and consider incorporating additional retirement income strategies to extend and preserve the longevity of your savings throughout your retirement.
A retirement income strategy may consist of annuities, Social Security benefits and pension plans — or a combination of them all. However, with the uncertain future of Social Security along with company sponsored pension plans becoming scarce, many people may be left to find other methods of funding and supporting themselves during retirement.
An annuity is an investment product that could help you generate retirement income.
Learn more about annuities
Take a look at your big picture.
Consider how expenses have changed or may change during retirement with the Retirement Budget Worksheet. Take a look at your income sources and determine how much income you will have in retirement with the Projected Retirement Income Calculator. Do your results match up with your desired lifestyle in retirement? Do you need to incorporate additional retirement income sources?
Call a SecurePathSM by Transamerica financial advisor at 866-248-9421 or e-mail us to get your retirement income questions answered and develop a personal retirement income strategy.
