Retirement Planning
Planning For A Secure Retirement
Today, a majority of your retirement income will likely depend on your own resources. More retirees than ever before receive benefits from Social Security and employer-sponsored retirement plans, but the role of these two sources of income is expected to decline in the future. Many employers are cutting back on retirement benefits or are no longer offering pension plans.
But, with some advance planning you can make your retirement more comfortable and a first step toward this objective is to begin planning in earnest – today.
The professional life insurance representatives of Security Mutual Life can assist in the planning process. Together, you will determine how much income is needed to maintain your current lifestyle in retirement, typically between 67% and 90% of your pre-retirement income, and review and analyze the four primary sources of retirement income: Social Security, employer-sponsored pension plans, Individual Retirement Accounts and personal investments. If a gap exists between what is needed and what is available, then a plan can be formulated to help put your financial house in order.
Retirement planning is the only way to estimate the amount of money you will require in retirement in order to maintain your desired lifestyle. Starting early to plan for your retirement will make a big difference later on.
To get an idea of just how much money you would have to save, starting today, to retire at your desired comfort level, try out our retirement planner.
How the SECURE Act Affects Employer-Sponsored Plans
Episode 54 – If you are a business owner, you need to be aware that the SECURE Act makes several changes to employer sponsored retirement plans. Most of the changes simplify administration, but not all. Here are the main provisions impacting employer-sponsored retirement plans. Continue Reading How the SECURE Act Affects Employer-Sponsored Plans
What You Need to Know About the SECURE Act and Your Retirement Savings
Episode 53 – The SECURE Act is now law. It significantly impacts how we save in our IRAs and retirement accounts, and how we spend those savings. Here’s a brief summary of some of the more important provisions. Contact your local Security Mutual life insurance advisor today to review how the SECURE Act impacts your financial and retirement goals and objectives. Continue Reading What You Need to Know About the SECURE Act and Your Retirement Savings
Add Some Certainty to Your Financial Plan!
With Security Mutual Life’s Security Designer WL4U® whole life insurance products, you can leave a legacy in the form of a death benefit to your heirs, plus participating whole life guarantees can add an element of certainty to your financial plan.
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Social Security—A Single Life Only Benefit
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When Term Insurance Is Your Choice
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When Tea for Two Becomes Tea for One…
We recognize that the cost of living is not going down. Yet, retirement plan distribution options often provide a smaller benefit to the surviving spouse. Even our Social Security benefits are reduced to the surviving spouse. So how can you help protect against loss...