Finding Our Personal Path to Retirement

After my wife and I turned 65, we decided it was time to get serious about planning for retirement. I have been able to accumulate $300,000 in my 401(k), and my wife has been saving as well. Although we've done a good job budgeting and setting money aside for retirement, I knew that we would still need supplemental income once our paychecks stopped.

I decided to visit Income Solutions^® to learn how we could create a paycheck for life. We chose to purchase a Joint Annuity for $200,000 that would start providing $886 per month as soon as I retire, and last for both of our lifetimes.