Living In Retirement
Are you ready to retire? Converting a lifetime of savings into a potential income stream in retirement can be challenging. You'll need to generate sufficient income to address longevity, inflation and volatility risks.
Top Sources Expected for Retirement Income1
Anticipating Your Expenses
It's helpful to think of retirement in terms of expenses. There are those that are less impacted by inflation–such as a fixed mortgage–and those that are sensitive to inflation–for example, health care expenses. Consider matching different expenses with different sources of income.
Assess Your Retirement Situation
To make the most of the time you spend with your advisor, it may be a good idea to get organized ahead of time by:
- Prioritizing your goals
- Calculating your expenses
- Determining your potential sources of income