Frequently Asked Questions

A single retirement account, like a 401(k), doesn’t make up a retirement strategy. Unless you hit the lottery, there’s probably not one single element that will help you reach your retirement goals. A holistic retirement approach should include sources for income (preferably at least some sources that are tax-advantaged and guaranteed for life), tax considerations, protection, and legacy planning. Guidance from a financial professional can help pull it all together.

Read more here: Your 401(k) Is Not a Complete Retirement Strategy

There are typically three ways to receive guaranteed lifetime income—Social Security, a defined benefit pension from a private employer or the government, and an annuity. Everyone planning for retirement can create a retirement plan including one, two, or all three of these sources of guaranteed income. A financial professional can help you find out what retirement strategies fit your needs and your goals for retirement. 

Read more here: Is Guaranteed Retirement Income Possible?

Articles and Insights

Retirement Accounts, Explained

You probably know the different types of retirement accounts, but do you really know how they work, what their tax implications are, and how they differ from each other?

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Your Health Care Options in Retirement

Get a better understanding of what Medicare covers, how to enroll, what your other health care options are, and ways to fill potential gaps in coverage.

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Paying Off Debt in Retirement

Odds are that you may still have some debt left to pay off as you approach retirement. And that’s okay. Some kinds of debt are better than others, and can be manageable. Here’s how.

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Glossary

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Surrender Period

sur·​ren·​der pe·​ri·​od

The amount of time an annuity or life insurance policy owner must wait until he or she can withdraw the full value of  the policy without paying a penalty, called a surrender period. Surrender periods are typically between five and ten years, although some may be longer.

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