Producing the income you need to live the retirement you want
In retirement, you’re not depositing a paycheck; you’re actually creating one.
This section provides strategies for creating a retirement budget so you can identify your expenses and income sources. Find out what you can expect from Social Security and how the timing of applying for benefits affects how much you get every month. We’ll discuss how you can use guaranteed income sources, like Social Security and annuities, to provide both stability and security. Learn how combining these sources with nonguaranteed income sources can offer some growth potential to help limit the effects of inflation on your purchasing power.
It’s important to conservatively estimate your lifespan so you do not run out of money. Outliving savings is a big concern for retirees. A financial professional can help establish a reasonable savings withdrawal rate from both taxable and tax-deferred accounts and make sure you’re managing the Required Minimum Distributions from your retirement plans, which kick in at age 70½.
Plan with us
In retirement, you’re not just depositing a paycheck; you’re actually creating and managing your income. ING can help you balance your competing priorities and IRS requirements by building an income plan that works for you.