ING Financial Partners

The Retirement Income Challenge  

During the past decade, the dramatic cycle of ups and downs in the financial world have left many of us wondering about the future. Most common question has been “What are the best options for growing my assets and generating enough income to last a life time?”

Your Retirement Income needs may be entirely different than those of your friends and family members. Your financial risk tolerance is probably different, too. There is no “one-size-fits-all strategy” to meet everyone’s financial objective- especially when it comes to Retirement Income.
 
Your challenge is clear:
  • Accumulate enough assets to last 20-30 years in retirement
  • Combat inflation, health care cost and market volatility
  • Compensate for the uncertainty of Social Security and corporate pensions
  • Turn your assets into a stream of income that will last for life
Supporting a 20-30 year retirement in the face of inflation, rising health care costs and fewer source of income requires a substantial investment. But, accumulating assets for retirement is more than just saving money from each paycheck. It also means investing that money so that it has the chance to grow and to find a way to turn those assets into a steady stream of income that won’t run out.
 
While investing for the long-term provides the greatest potential, fear of losing money may tempt you to make buy and sell decisions at the wrong time. This is a costly trap that too many fail into.
  
The Retirement Income Strategy
Picking a retirement date gives a whole new meaning to the term “market timing.” If you are nearing retirement, you no longer have the time to make up any lost ground due to market volatility. Also, you may withdraw assets, which will compound the effects of market losses early in retirement.
 
For a successful retirement income strategy, you must look to investment products that offer protection against loss of assets or income. You should carefully consider how to allocate investments within your portfolio. Most importantly, you should create a holistic approach to help you manage your portfolio to create stream of income by focusing on facts not assumptions, hypothetical, projections or averages. Most of the plans in the past and even today are based on assumptions of interest rate or growth averages.
  
To receive a complimentary personal Retirement Income Strategy plan, please call 800-464-7511 or email to JDermenjian@INGcenter.com .

 
Calculators

Cost of Retirement

Use this calculator to estimate how much income and savings you may need in retirement.

IRA Eligibility

Use this calculator to determine whether you qualify for the different types of IRAs.

Tax-Deferred Savings

Compare the potential future value of tax-deferred investments to that of taxable investments.

Federal Income Tax

This calculator can help you estimate your annual federal income tax liability.

More Calculators →

Newsletters

HOT TOPIC: New Year, Higher Taxes?

After the Waterford Crystal ball descends in Times Square on New Year’s Eve, most people will see their taxes ascending for 2011 — at least that’s the current situation. Find out how high they could go.

Measuring the Jobs Situation

Many people understand that a rising jobless rate is one of the hallmarks of a shrinking economy. But the national unemployment rate does not always reveal a complete picture of the jobs outlook.

Working for Social Security

There's nothing wrong with wanting to work in retirement, but if you decide to earn some extra income, make sure you understand how it will affect your Social Security benefits.

Are Target-Date Funds Off Target?

Target-date funds are not for everyone, so it's important to gather all the facts.

More Newsletters →