|Annuity Type||Annuity Calculator|
|Taxable vs. Tax Deferred Calculator||Global Atlantic|
|Solving Your Retirement Income Calculator||Midland National|
|Roth IRA vs Traditional IRA Calculator||Global Atlantic|
|RMD Calculator||Global Atlantic|
|Long Term Care Annuity Calculator||Global Atlantic|
|Lifetime Annuity Calculator||Midland National|
|Retirement Calculator||JourneyGuide Retirement Calculator|
|Income Annuity Calculator||AIG|
|Income Annuity Calculator||The Standard|
|Income Annuity Calculator||Charles Schwab|
|Income Annuity Calculator||Sun Life|
|Income Annuity Calculator||Brighthouse Financial|
|Income Annuity Calculator||USAA Income Annuity|
|Fixed Index Annuity Calculator||The Standard|
|Fixed Index Annuity Calculator||Great American|
|Fixed Annuity Calculator||Oceanview|
|Fixed Annuity Calculator||The Standard|
|Compound Interest Calculator||Compound Interest Calculator|
|Fixed Annuity Calculator||BankRate.com|
Retirement income planning can seem overwhelming, but it doesn’t have to.
Writing down all of your monthly expenses and separating them into the required costs of living and discretionary expenses is a great place to begin. The next step is to determine how much guaranteed monthly income you will receive from social security.
If you have an income gap between your required monthly expenses and the monthly income you will receive from social security; you may consider a 401k rollover into an annuity. Income annuities or an index annuity with an income rider can turn a portion of your retirement savings into a lifetime guaranteed monthly income stream.
Once you’ve got an idea of guaranteed income and expenses, you may find you have some “catching-up” to do. This 2020 tax reference guide contains a lot of helpful information such as IRA, Roth IRA, and 401k annual contribution limits.