With longer life expectancy, inflation, and fluctuating markets, generating a continuous income stream in retirement can be difficult.
This 60-minute workshop – available in-person, via live webinar, or on-demand – provides a highly-relevant and practical educational experience for employees and retirement plan participants.
Attendees will learn to determine when and how to take and manage income from their pensions, defined contribution plans, IRAs, and other personal retirement savings.
What we’ll consider
| Four Key Risks | Four Key Questions |
| Longevity Risk | What’s different about retirement? |
| Inflation Risk | How much will I need in retirement? |
| Healthcare Costs Risks | What are my options for closing a retirement income gap? |
| Market Risks | How do I convert retirement resources into income? |
I. What’s Different About Retirement
The main reason retirement income planning differs from retirement accumulation planning is the additional risks faced during retirement. Part one of this webinar focuses on four post-retirement risks we need to manage when creating a retirement income plan.
II. How Much Will I Need in Retirement?
Now that we’ve reviewed the four primary retirement risks in Part 1, let’s look at one of the biggest questions pre-retirees have: How much will I need in retirement?
III. What Are My Options for Closing Retirement Income Gaps?
In this third part of the workshop, we’ll look at options for closing any gaps between your essential needs and lifetime income sources. We’ll also consider any gaps between your discretionary needs and managed income sources. There are eight options to consider for closing retirement income gaps. This workshop section explores each.
IV. How do I Convert Retirement Resources Into Income?
When creating a retirement income plan, the rubber meets the road in figuring out how to convert retirement resources into income. In this Part 4 of the Managing Your Retirement Income workshop, we’ll review the concepts discussed in the previous sections, then explain how you can apply them to creating a lifetime retirement income plan.
V. How do Pensions Work?
If your employer offers you a pension, you’re one of the fortunate. They’re common among public employees, but rare among private sector workers. This lesson will help you discover how pension plans are different from retirement savings plans and Social Security. And, you’ll learn of the potential pitfalls that can result in lost benefits.
Handouts are available only to workshop attendees.