Planning for Retirement

Everyone has different goals for retirement, but the most common one is reliable income so you can live the life you want.

Ensuring you have a consistent source of income will allow you to maintain your lifestyle in the future if you change how much you work. In retirement, it’s important to go beyond accumulating assets and to understand how a stream of income provides you with freedom and stability. Building a portfolio of tools now that will generate the income you need later is an important part of retirement planning.

In retirement, it’s important to go beyond accumulating assets and to understand how a stream of income provides you with freedom and stability.

In addition to generating income, you may want to consider things that might disrupt your plan, such as health-related expenses. There are solutions you can put in place that can help you be prepared to cover these events and protect you and your loved one's lifestyle.

It's never too early to put a plan in place that will help provide income for the rest of your life, even if you have a few years until retirement. Remember, in retirement if you've got income, you've got it all.

Grandfather and grandchild in kitchen cooking

Tips for becoming financially prepared for retirement


Your lifestyle in retirement is driven by the income you'll have

Not by how much money you have in the bank.


The more bills you have, the less income is left

If you start paying down what you owe now, you’ll have more spending money in retirement.


Taxes can disrupt your finances in retirement

Everyone should consider speaking with a tax expert as they prepare for retirement. 


Health events can disrupt your lifestyle

Consider long term care insurance to help protect your assets and your loved ones.


Consider what you want to leave behind

Having life insurance even at older ages can allow you to give back to your community and family.

Customize solutions for your retirement needs

Many people planning for retirement combine a few products to best address their financial needs.

Retirement income

If you have money you’ve already saved for retirement, you can transition it to income for the rest of your life. Guaranteed income annuities are a reliable way to create recurring and consistent paychecks after you stop working.

About Annuities

Protecting your finances from health events

Planning for long term care will help protect your income from being disrupted by unexpected health expenses, giving you the peace of mind to enjoy your retirement.

About Long-Term Care

Supplemental income in retirement

If you already have permanent life insurance, you may have access to cash value that you can use for income in retirement. Additionally, maintaining life insurance in retirement can help you pass on benefits to your family and community.

About Life Insurance

Connect with a financial professional

We'll help you with your retirement income planning, to make sure you're set up to maintain your lifestyle and income for as long as you need.

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Learn more

It's always useful to learn a little more. Take a look at these helpful insights.

Planning for Retirement FAQs

Not only can insurance protect you, you can also use its cash value to provide a supplemental income stream in retirement if your life insurance needs decrease in retirement.

Many life insurance policies offer a cash value which you can access in retirement . Income Annuities can help maintain your income so you can use your other savings on things like travel and spending time with your family.

Yes, they can both help protect your assets. Life Insurance can allow you to tap into your cash if you need it. Long term care insurance can help fund expenses related to an extended care event. 

Retirement savings calculator

Learn how much you'll need to maintain your lifestyle in retirement.