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Planning your retirement doesn’t have to be difficult. Using the knowledge gained from these free resources from The Actuarial Foundation will enable you to better prepare yourself to weather life's ups and downs on the way to retirement.

Lifetime Income Initiative

Written by members of the American Academy of Actuaries' Lifetime Income Risk Joint Task Force, the two Issue Briefs below provide insight into some of the retirement issues faced by today's workforce. These papers fulfill the Academy's mission to serve the public and the Foundation's mission to provide free educational resources to consumers to help them make more informed decisions.

Retiree Lifetime Income: Choices and Considerations

"Key to retiring with sufficient lifetime income is making good financial choices. Saving for retirement at meaningful levels throughout your working lifetime is crucial."

Read more: Download (PDF)

Living Longer Without Income for Life

"Workers retiring today generally face more individual responsibility and risk for their lifetime incomes than previous generations did."

Read more: Download (PDF)

 

Financial Smarts Newsletter

Providing consumers with the insights they need to make informed decisions, Financial Smarts covers today's most pressing topics.

A 401(k) Primer

No one could have predicted that the 401(k) Plan would become the primary form

of employer sponsored retirement programs. Read the summer 2013 Financial

Smarts and learn about employer matching contributions, investing in a 401(k) Plan

and some common mistakes employees make with their 401(k) Plans.

Download (PDF)

More info.

*For more retiree information, see the Tip Sheets in the left-hand column.

 

An Annuity Primer

An annuity is best defined as an agreement between two parties; usually an

insurance company and an annuitant (the owner of the annuity). The fall 2013

issue of Financial Smarts gives insights into how to best appreciate annuities

and how they work.

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More info.

 

 

 

Life-Defining Decisions

Based on the book Seven Life-Defining Decisions, the spring 2011 Financial Smarts newsletter gives key tips on successful long-term planning for life’s most important choices.

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More info.

 

 

 

Lump Sum Option

As an alternative to a guaranteed lifetime pension, some pension plans offer a

lump-sum option. This means that instead of the monthly pension payment, the retiree takes a one-time lump sum based on a number of calculations. With the lump-sum option, the retiree assumes the longevity and investment risk that the employer would usually assume with a traditional pension plan.

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More info.

 

 

Retirement Planning

There are many choices and options available to those on the road to retirement.  The fall2011 Financial Smarts newsletter provides the necessary questions to ask when looking at all of the different retirement options available.

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More info.

 

 

 

Retirement Income

Many things have changed over the last several decades in terms of how

companies provide retirement benefits to their employees. The challenge for many retirees is figuring out how to convert their 401(k) Plans, IRAs and other savings into an income that in combination with Social Security will adequately replace a paycheck for the remainder of their lifetimes.

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More info.

 

 


Seven Life-Defining Financial DecisionsSeven Life-Defining Financial Decisions
Learn your seven life-defining financial decisions and how they can impact you as you prepare for retirement.

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More info.
(En Español)

 

 

 

Don'r Run With Your Retirement MoneyDon't Run With Your Retirement Money*
You're about to get possibly the largest payment of your lifetime. Be prepared. This guide is filled with practical insights on annuities, self-managed investing, lump sum distributions, Social Security* and accounting for taxes.

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More info.

 

 

Taking the Mystery Out of Retirement PlanningTaking the Mystery Out of Retirement Planning Updated 2012

Now available in English and Spanish versions!
This isn't your parents' retirement anymore.
If you are close to retirement or planning on
retiring in the next decade, this guide is a must read for you.

Download (PDF)

More info.

(En Español)

 

 

Making Your Money Last a LifetimeMaking Your Money Last for a Lifetime:
Why You Need to Know About Annuities

This guide explains the important role that
immediate annuities can play by stretching out your money to make sure it will last no matter how long you will live.

Download (PDF)
More info.

 

 

What Weomen Need to Know About RetirementWhat Women Need to Know About Retirement
Women age 65 today are expected to live to 85.
A longer life means a longer retirement. Learn the issues specific to women in this insightful document.

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These materials are intended to provide general information and should not be used as a substitute for legal or other professional advice. Every effort has been made to ensure that the information contained in these materials were true and accurate at the time of publication. Some information may have changed since publication and therefore may be outdated.

*This booklet refers to annual statements from the Social Security Administration (SSA). The SSA no longer mails statements but may resume this practice beginning in fall 2012 and only to Americans age 60 and older who are not currently receiving benefits. For more information, visit the SSA website.