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Now that retirement is within reach, how will you utilize your assets? Will what you've accumulated over the years be sufficient to support your needs and lifestyle expenses? How much is enough?
If you are retired, preparing for retirement in the near future, or thinking about how you will use your assets in retirement – here’s some very good news: It is likely that you will enjoy a longer, far more active life in retirement than previous generations did. In fact, 25% of 65-year-olds will live past the age of 90. And as our time spent in retirement appears to stretch on, the need for careful retirement asset planning becomes more clear.
For some of us, Social Security and pensions may cover essential expenses during retirement. Others may supplement those income sources with dividends and interest from investments, while many will need to withdraw principal along with earnings in order to meet their needs. What’s an appropriate strategy to accomplish this?
Use this planner to see how different scenarios, such as moving to a new home, traveling or addressing healthcare costs, may impact your anticipated retirement needs.
Try the Retirement Lifestyle Planner »
PNC Investments can help you to determine an appropriate approach for utilizing your retirement assets, taking into account the following:
Source: InFRE – Strategies for Managing Retirement Income Workshop
All guarantees are subject to the claims-paying ability of the issuing insurance company. Variable annuities with withdrawal guarantees refer to insurance products that guarantee withdrawals for life without giving up control of the assets and also provide certain flexibility to the investor. These products allow investors to withdraw a set percentage of their investment for life that can increase but not decrease based on market performance. Guarantees are a withdrawal of a client’s original investment until it reaches a zero balance, then the sustained payments may continue subject to the claims-paying ability of the underlying insurance company. Before investing, please review the prospectus for contract costs and limitations. These products are available through PNC Investments.
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