Perhaps one of the greatest financial challenges you will face in your lifetime is preparing adequately for your retirement. Can you afford to retire? How will you fund your retirement? What unexpected events may occur before and during your retirement that can derail your plans for the future?
You will need about 60 to 80% of your pre-retirement net income to ensure the type of retirement you want. Social Security, 401(k) and pension plans will definitely play a big role, but you may need more income than they provide. Take heart in the fact that there are several solutions you may want to consider as you plan for your retirement.
Retirement Solutions includes information on the retirement planning process, an IRA overview, life insurance, variable annuities and how they may fit in your retirement plan. Visit our Network Services, Investment Services section and our Investment Products section for investment strategies and products that you may choose to include in your retirement plan.
Read our retirement topics, try our calculators and read the related articles. Once you've reviewed the material, contact a Northwestern Mutual Financial Network Representative* who will work with you, and for you, to help accomplish your goals and meet your needs. Your Representative can use the power of The Network to help you establish a retirement plan and continue to provide service and support, as you need it.
On August 17, President Bush signed the Pension Protection Act of 2006 into law. The Pension Protection Act Modifies More Than Just Pensions explains the new law, including the impact on 401(k)s, IRAs, 529s and charitable giving.
Download Pension Protection Act Modifies More Than Just Pensions (283k)
You should carefully consider the investment objectives, risks, expenses and charges of the investment company before you invest. Your Northwestern Mutual Investment Services Registered Representative can provide you with a variable annuity contract and fund prospectus that will contain the information noted above, and other important information that you should read carefully before you invest or send money.