Do I have enough saved for retirement?

You may not be meeting your retirement goals.

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Retirement Insureance

What is Retirement Insurance?

Retirement insurance, also known as annuities, is a financial product that provides a guaranteed stream of income during retirement. It can be purchased from an insurance company or financial institution and is designed to help individuals plan for their financial needs in retirement. Annuities can be purchased from insurance companies and are typically structured as long-term investments. They can be used to supplement other retirement income sources, such as Social Security and 401(k) plans.

Overall, retirement insurance can be a useful tool for helping individuals plan for their financial needs in retirement. By providing a guaranteed stream of income, it can help individuals feel more financially secure in their golden years. That's why it's important to consult with a financial advisor or professional to determine if you are on track to meet your retirement goals. Contact us today to see if you're saving enough.

Start planning today

At our MHill & Associates, we want to help you plan for a secure retirement. We recommend that you aim to accumulate 10-12 times your annual income at retirement age to maintain your standard of living. For example, if you plan to retire at 67 and your current income is $72,000 per year, you should have between $720 and $864 thousand in savings.

There are several types of retirement insurance

- Employer-Sponsored Pension Plans
- Individual Retirement Accounts (IRAs)
- Annuities

Why Buy Annuities?

- It can help protect against inflation:

Annuities can help protect against this by providing a guaranteed income that increases over time.

- Annuities can provide a reliable source of income:

Annuities provide a steady stream of income that you can count on during retirement, which can help you budget and plan for the future.

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Find out more about annuities