For most Americans, retirement income will come from three sources:

•  Employer-sponsored retirement programs: 401(k)s, 403(b)s, pensions, etc.

•  Savings and investments: Personal savings, stocks, bonds, IRAs and mutual funds.

•  Social Security: Benefits can begin at age 62.

A combination of these will likely go a long way toward funding your retirement. But will you have all three? Not necessarily. Pensions, for instance, are no longer an option for many retirees.

You may want to look at some additional options for retirement income.

Create income that’s steady, reliable and guaranteed

Annuities can help turn a portion of your retirement savings into guaranteed income payments that can last a certain period of time or the rest of your life. Learn how annuities work.


 

You may want to look at some additional options for retirement income.

 


Make sure your cash is used effectively

Holding excess cash in your portfolio may seem like a good idea, but what about inflation? The price of most goods and services will rise over time, which means you’ll have to spend more. That could erode your savings. Fixed annuities may help protect and grow your money to help with inflation.

Get the facts

An annuity could complement your other sources of retirement income. Ask your financial professional or insurance producer whether an annuity is right for you.