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Did You Know?

Eye-opening facts for your retirement journey.
DID YOU KNOW?
DID YOU KNOW?

Over half of women who reach 65 live to 85, and for couples, one in two see 92.1

Healthcare costs for a healthy 65 year old couple can top $361,0002 over their remaining lifetime. That’s why many people are choosing to turn a portion of their retirement annuity savings into a regular, lifelong “paycheck”—like a personal pension you can count on every month, to cover essentials— so you can focus on enjoying life, not worrying about bills.

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For longterm care

Will you have enough income in retirement?

You might need this percentage of your pre-retirement income to maintain your standard of living when you stop working.7 Most people underestimate—don’t be one of them.

70-90%

Key Retirement Risks to Prepare For

There are several risks you should account for as you plan for the 20 or more years you may spend in retirement, including:

Longevity risk: If you can’t predict how long you’ll live, how can you make sure you won’t outlive your savings?
Market risk: Financial markets fluctuate, so how can you ensure your savings will stay the course?
Cognitive risk: Will you be able to make complex decisions about your savings as you grow older?
Overspending risk: Do you have the discipline to manage your finances and not overspend?

Retirement Questions You Need To Ask Yourself At Every Life Stage

It’s never too late — or too early — to start putting money away to help secure your financial future.

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Five Myths About Annuities

Reality: Think of annuities as retirement insurance—providing predictable monthly income. By converting a portion of your retirement annuity savings into a “retirement paycheck,” you’ll receive a payment every month that can supplement other sources of retirement income such as Social Security and pensions.

Reality: You decide how much of your retirement savings to convert—keep some invested.

Reality: While the money you convert is no longer accessible, you can feel confident knowing a portion of your income is secure, no matter how long retirement lasts. Turning just a part of your annuity savings for this steady income and keeping the rest flexible helps allow you to control your retirement plan.

Reality: You can choose to turn only a portion of your retirement annuity savings into a steady monthly “retirement paycheck”, so you can confidently help cover essentials like housing, groceries, and healthcare.

Reality: There are certain flexible options to provide for those who matter most.

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Planning now can help turn your dreams into reality. Whether you’re approaching retirement or just starting to think about it, small steps today can make a big difference tomorrow. Your future self will thank you!

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Plan Your Retirement Budget

Use our worksheet to estimate your income and expenses.

Estimate Your Retirement Income

Estimate the amount of monthly income you can expect to receive in retirement and if it will be enough.

 

Explore More Tools & Resources

Learn retirement planning tips and income strategies to help your savings last through retirement.