The earlier you start preparing, the easier it may be to retire in your chosen lifestyle. The process begins with developing a customized retirement plan that suits your needs.
Step 1:Determine Your Retirement Goals
What Lifestyle Do You Want for Retirement?
How Much Income Will You Need to Support That Lifestyle?
How Can Basic Living Expenses Affect Your Retirement Income?
Expenses That Decrease
Expenses That Increase
Step 2:Identify Your Retirement Income Sources
The Four Pieces of the Pie.
Step 3:Determine the Amount You Must Save
Make Sure to Factor Inflation.
Retirement Scenario: Bruce’s Retirement Projection.
How Much Should Frank Save?
What Can Frank Do?
Step 4:Complete Your Personal Retirement Plan
The Western National series of annuities is issued and underwritten in New York by The United States Life Insurance Company in the City of New York and in all other states by Western National Life Insurance Company.