Whether you’re just starting in your career or retirement is close on the horizon, planning for the future can significantly impact your financial well-being.
Preparing for retirement can already come with uncertainty, especially when you can’t predict how long you will live, what unexpected expenses you will face, or how life may change. Add in economic trends and market volatility, and protecting your hard-earned savings may seem impossible.
Creating a diverse retirement income strategy is vital to help ensure retirees have enough money to last throughout their entire life. One solution that can make this guaranteed lifetime income is a fixed index annuity.
With only one in five women feeling financially healthy versus 29% of men, it’s time the wave of change continues to help more women feel economically empowered. Here are several moves you can make to support your financial health and be better prepared for your future.
To ensure you have enough saved up to enjoy all of these activities, be sure to create a retirement plan that outlines the income you need to cover both planned and unexpected expenses.
Tax deferrals that most IRAs, retirement and profit-sharing plans are afforded don’t last forever. Whether you’re ready for retirement income or not, IRS rules require that you start drawing down your savings from certain types of accounts when you reach a certain age.
