Will Your Money Last in Retirement?

After a lifetime of work, the biggest question is simple: will your money last? Answer these seven questions to see where you stand — and whether dependable lifetime income could help.

1. 1

   How much monthly income will you actually need?

   Add up your real monthly expenses in retirement — housing, food, healthcare, fun. That’s your target number.

2. 2

   What income is already guaranteed?

   Total your Social Security and any pension. This is income that arrives no matter what the market does.

3. 3

   Is there a gap?

   Subtract your guaranteed income from what you need. If there’s a gap, the rest has to come from your savings — and that’s where planning matters.

4. 4

   How long must your money last?

   Plan for a long retirement — 25 to 30 years. Running out is the #1 fear for a reason.

5. 5

   What if the market drops early?

   A big loss in your first retirement years can do lasting damage. Ask how protected you are from that risk.

6. 6

   Do you want income you can’t outlive?

   Certain annuities are designed to pay you for life — turning part of your savings into a steady “paycheck.” It’s one way to cover the gap.

7. 7

   Have you had an honest, free review?

   A no-pressure review shows whether your plan holds up — and whether an annuity fits or not. If it doesn’t, a good agent tells you so.

This guide is general educational information only and is not financial advice. Guarantees are subject to the claims-paying ability of the issuing insurer. Edlando is not affiliated with or endorsed by any government agency.