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Life is a journey

The road is a little different for everyone. In the same way, you get regular tune-ups to keep your engine running smoothly, financial checkups can help as you pursue retirement.

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You may have a good strategy to save for retirement — but do you have a solid plan to take retirement income? In your life’s journey, retirement is not the ultimate finish line, but an important milestone. To get there securely, take the time to stop, assess, check for obstacles and make sure the path ahead is clear.

Unexpected roadblocks in retirement

Are these obstacles keeping you from your goals?

  • Social Security

    What will your monthly benefits amount to?

     

     
    Learn More

  • Retirement income

    What factors can impact my retirement income?

     

     

    What factors can impact my retirement income?

    In retirement, your assets generate your income. And to have the kind of retirement you’ve always wanted — spending time with your family, traveling and more — you have to ensure that your retirement income is protected. As you prepare for retirement, you should also consider and prepare for what could potentially impact your income.

    Sequence-of-returns
    “Sequence-of-returns” or “sequence risk” is a concern primarily for people relying on their investments for retirement income. The risk happens when stocks or investments perform poorly at the same time as retirees are withdrawing retirement income from those investments. When the investment value declines early in the retirement process, it can create a hurdle that is hard to overcome — even if the market offers higher returns later in retirement.

    Investment volatility
    People who rely only on investments for their retirement income rely on the market doing well to provide favorable results. Withdrawing income during times when stock prices fall can deplete a portfolio more quickly than expected, potentially leaving too little time and money for recovery.

    Longevity
    A long life is wonderful, but it also means our income must last longer and go further.

    Inflation
    According to Dr. Pfau, even an average yearly inflation rate of 3% means in 25 years, one dollar will only be able to purchase 50% of what it is able to purchase today. This is why it is vital to include allowances for unforeseen expenses.

    Cognitive decline
    As we live longer, healthier lives, there is a higher chance of experiencing cognitive decline, such as Alzheimer's or another form of dementia, which poses challenges when preparing a strategy for retirement income.

     

    Source: Pfau, Wade D., PhD, CFA. “Optimizing Retirement Income By Combining Actuarial Science and Investments.” Based on median distribution of Monte Carlo simulations to reflect typical outcomes. All values are provided on a pre-tax basis (assuming a 25% tax rate).

  • Healthcare

    How can I protect myself and my family from the unknown costs of health care?

     

    How can I protect myself and my family from the unknown costs of health care?

    The unknown cost of health care is among the most significant risks to any retirement strategy. Unlike most spending in retirement, health care spending increases with age on average and is far more volatile.

     

    While there are a number of ways to protect yourself and your family from unknown heath care costs, each person and circumstance is different. Contact us to be connected with a financial professional you can talk with to help you prepare for these expenses.

  • Longevity

    How can I not outlive my money?

     

     

    How can I not outlive my money?

    While there are a number of challenges to consider with retirement, an integrated retirement income strategy could potentially provide 30-50% more retirement income, all without more money than a traditional retirement approach.

    Consider whether your retirement income strategy will:

    • Allow you to maintain the lifestyle you're accustomed to
    • Provide guaranteed income that cannot be outlived
    • Ensure you can leave a lasting legacy

     

  • Your retirement account

    Do you need help understanding and managing your options?

For every step of the journey

OneAmerica Financial® is here to help you, no matter where you are in your journey! Learn how OneAmerica Financial solutions can help you with your retirement and your goals.

Any investment involves risk, and there is no assurance that the investment objective of any investment option will be achieved. Before investing, understand that variable annuities and mutual funds are subject to market risk, including possible loss of principal.

 

OneAmerica Financial® is the marketing name for the companies of OneAmerica. Products issued and underwritten by American United Life Insurance Company® (AUL), Indianapolis, IN, a OneAmerica company. Not available in all states or may vary by state.

 

Group annuity products are issued by AUL and registered variable annuity products are distributed by OneAmerica Securities, Inc., a Registered Investment Advisor. Member FINRA, SIPC, a Registered Investment Advisor.

 

Before rolling over any plan assets to an IRA, an individual should carefully consider various factors such as, investment options, fees and expenses, services, penalty-free withdrawals, protection from creditors and legal judgments, required minimum distributions, and employer stocks depending on individual needs and circumstances.

 

Neither AUL or OneAmerica Securities nor their representatives provide tax, legal or investment advice.

 

This material is provided for overview or general informational purposes only. This is not to be considered or intended to be legal or tax advice. Changes in the tax law may affect the information provided. Provided content is for overview and informational purposes only and is not intended as tax, legal, fiduciary, or investment advice.

 

Variable products are sold by prospectus. Both the product prospectus and underlying fund prospectuses can be obtained from your investment professional or by writing to One American Square, Indianapolis, IN 46282, 1-800-249-6269.

 

Before investing, carefully consider the fund’s investment objectives, risks, charges, and expenses. The product prospectus and underlying fund prospectus contain this and other important information. Read the prospectuses carefully before investing.

 

Not affiliated with or endorsed by the Social Security Administration or any governmental agency.

 

NOT A DEPOSIT • NOT FDIC OR NCUA INSURED • NOT BANK OR CREDIT UNION GUARANTEED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY • MAY LOSE VALUE