Retirement Income Planning - Jim Hegland

It’s never too early, or too late, to start saving for retirement. No matter where you are in your retirement strategy — or how much you need to save for other life goals — we can provide guidance on saving and investing that will help you retire the way you want. Whether you’re a long-time employee or just out of college and starting your first job, we’ll share tips that fit your unique circumstances.

Will you be able to cover 20 to 30 years of living expenses in retirement based on what you’ve saved and your budget?

How much do I need to save for retirement?

When you’re preparing for retirement, take a look at your budget, determine what your monthly expenses are compared to your income, and see what additional money you will have for leisure, healthcare costs, and more. People are living longer. Having guaranteed lifetime income, from assets such as annuities, can help provide a steady stream of income in retirement.

For an updated Social Security statement, go to www.ssa.gov

Disclosure: All guarantees including the death benefit payments are dependent upon the claims paying ability of the issuing insurance company