How to plan for retirement

Where are you in your retirement planning?

When you think about your retirement, do you feel prepared - or do thoughts of uncertainty keep you up at night?

A strong retirement plan should address any concerns you have. Everyone is different, and worrying that you haven’t saved enough money is just the tip of the iceberg.

Here at Jackson, we have found four common pain points that investors are concerned about as they plan for retirement. Take a look at the scenarios below to see if any of them resonate with you. Click through to see potential solutions that can help you plan for a retirement as individual as you:

"I feel optimistic about my retirement plan but want to make sure I’m getting the most benefit from my investments."

You've saved diligently and planned for retirement your whole career. Now, how do you make your money work for you? Growing your assets and deferring taxes is an important part of enjoying your ideal retirement plan, and we have options to help you achieve it.

"I’m retiring soon and all this volatility makes me nervous."

In the crucial years before or starting in retirement, the way you plan becomes more important than ever. Between the ups and downs of the market and the rising cost of health care, predicting how much income you'll need is difficult. Working with a financial professional to develop a personalized plan for your needs can help you secure a path to financial stability. 

"I am retired but worry that a down market will ruin everything I’ve worked for."

When it comes to planning for retirement, you want peace of mind. That can be difficult to find when you’re watching the market go up and down. While you’re in retirement, diversifying your portfolio spreads your wealth around and helps you prepare for risks that are often outside of your control.

"I want to leave something for my family, but I’m worried my money won’t even last as long as I do."

Having a steady stream of income in retirement is critical to help you live the life you worked hard for. After all, you shouldn’t be penalized for saving diligently and living a long, healthy life. Many types of annuities offer lifetime income—while also giving you the option to provide for your family when you’re gone. 

How annuities can help you plan for retirement

Annuities are long-term, tax-deferred vehicles designed for retirement. They can provide growth potential and guaranteed* lifetime income so you'll never run out of what you need most.

An annuity may be a helpful addition to your overall retirement plan if you are:

  • Still in the workforce and want to maximize your retirement investments
  • Approaching retirement and want peace of mind against market volatility
  • Already retired and need to protect your nest egg
  • Seeking steady, guaranteed income that lasts as long as you do
  • Planning to leave a guaranteed benefit for your family once you are gone

Talk to a professional about how to plan for retirement

When you’re wondering how to plan for retirement, it’s important to look at the whole picture: considering what you already have and what you think you will need once you retire. Don’t wait to talk to a financial professional about what an annuity can do for your unique goals and overall retirement plan.

Annuities are long-term, tax-deferred vehicles designed for retirement and are insurance contracts. Variable annuities and registered index-linked annuities involve investment risks and may lose value. Earnings are taxable as ordinary income when distributed. Individuals may be subject to a 10% additional tax for withdrawals before age 59½ unless an exception to the tax is met. Add-on living benefits are available for an extra charge in addition to the ongoing fees and expenses of the variable annuity and may be subject to conditions and limitations. There is no guarantee that a variable annuity with an add-on living benefit will provide sufficient supplemental retirement income.

Resources for your retirement planning needs

Educational resources

When you're wondering how to plan for retirement, it may be difficult to know where to begin. We have a library making complex topics simple for your individual retirement planning and strategy needs.

Planning calculators & tools

We have financial calculators and tools that offer a quick look into your retirement concerns—including income protection and the impact of taxes—to get you started making a more comprehensive retirement plan.

Before investing, investors should carefully consider the investment objectives, risks, charges, and expenses of the variable annuity and its underlying investment options. The current contract prospectus and underlying fund prospectuses provide this and other important information. Please contact your financial professional or the Company to obtain the prospectuses. Please read the prospectuses carefully before investing or sending money.

Jackson, its distributors, and their respective representatives do not provide tax, accounting, or legal advice. Any tax statements contained herein were not intended or written to be used and cannot be used for the purpose of avoiding U.S. federal, state, or local tax penalties. Tax laws are complicated and subject to change. Tax results may depend on each taxpayer’s individual set of facts and circumstances. You should rely on your own independent advisors as to any tax, accounting, or legal statements made herein.

Annuities are issued by Jackson National Life Insurance Company (Home Office: Lansing, Michigan) and in New York, by Jackson National Life Insurance Company of New York (Home Office: Purchase, New York). Variable annuities are distributed by Jackson National Life Distributors LLC, member FINRA. These products have limitations and restrictions. Contact Jackson for more information.

Jackson® is the marketing name for Jackson Financial Inc., Jackson National Life Insurance Company®, and Jackson National Life Insurance Company of New York®.