Top tips for a retirement tailgate
Top Tips for a Retirement Tailgate
[Background graphic with hills, trees, and buildings in the distance on the left, and a sports field on the right.]
[Graphic of a car viewed from the back with an open trunk. Inside the truck are a cooler, cups, a picnic basket, a football, and rectangular objects in the back.]
- [Graphic of older man in sports jersey holding a picnic basket.] Honor your number. The majority of U.S. workers retire at age 62.1 Do you want to leave the game earlier? Or play longer? A financial professional can help you pick your number.
- [Graphics of a man holding a burger and a woman holding a red drink cup, both sitting in lawn chairs. They appear to be conversing.] Talk things over with a financial professional. They can help you put together a game plan to reach your retirement goals.
- Balance your appetite for risk and reward with a diverse spread of retirement assets that can provide income to fuel your lifestyle, even into overtime. [Graphic of a picnic table. On the picnic table are bottles, cans, cups, a plate of burgers, snack bags, and other food items.]
- [Graphic of a boy and a girl throwing a football toward a beanbag toss setup with several bean bags lying nearby.] Stay focused. Confident retirement planners identify clear financial targets and keep their eyes on the prize.
- [Background graphic depicting hills, trees, and buildings in the distance.] Help protect the gang and yourself with whole life insurance. In addition to providing financial confidence for your loved ones, whole life can be a source for rainy day funds in retirement.2
- [Graphic of a picnic table under a tent. On the picnic table are snack bags, a picnic basket, stacks of red cups, and an open cooler containing bottles, cans, and ice.] Don’t run out of retirement income. A lifetime income annuity can be a strategy to consider. It can provide a fixed stream of guaranteed payouts—so you can relax, knowing you have funding in reserve.3 [Graphic of a lawn chair with a baseball cap lying on it.]
- [Graphic of man at barbecue. Man is holding a spatula, and two burger patties rest on barbecue.] Keep the fire burning. If you own a business and want to see it continue after you retire, take time to identify and stoke the next generation of leaders through succession planning.
- Have fun with family and friends. An active social life is a proven way to maintain emotional, mental, and physical health as you age. [Graphic of two men and two women standing in a semicircle. One man is raising a football above his head, and one man is holding up a foam finger. Women have arms raised, as if cheering.]
- Don’t get burned by a paycheck gap if you become too ill or injured to work. Disability insurance can help protect a portion of your income so you don’t have to dip into retirement savings. [Graphic of lawn chair with two bottles of suntan lotion resting on seat and towel slung over back.]
- Eliminate the waste. Once you put protections like savings and insurance in place, pay down your credit cards and live within your means to free up money for retirement. [Graphic of open garbage can with two garbage bags visible inside and four garbage bags on the ground around it.]
[Graphic of pickup truck with differently colored rectangular objects in the cargo bed.]
- U.S. Retirees’ Experience Differs From Nonretirees’ Outlook, Gallup, May 18, 2021.
- Policy benefits are reduced by any outstanding loan or loan interest and/or withdrawals. Dividends, if any, are affected by policy loans and loan interest. Withdrawals above the cost basis may result in taxable ordinary income. If the policy lapses, or is surrendered, any outstanding loans considered gain in the policy may be subject to ordinary income taxes. If the policy is a Modified Endowment Contract (MEC), loans are treated like withdrawals, but as gain first, subject to ordinary income taxes. If the policy owner is under 59 ½, any taxable withdrawal may also be subject to a 10% federal tax penalty.
- All guarantees are backed exclusively by the strength and claims paying ability of the issuing insurance company.
Brought to you by The Guardian Network © 2022.
The Guardian Life Insurance Company of America®, New York, NY
2022-136538 Exp. 05/24