Looking for direction on retirement income?
There’s plenty of information out there on how to invest before retirement. But what about taking income from those investments once you retire? That’s when things get tough − and directions become more unclear.
That’s why Nationwide created RetireSense®. It’s a retirement income road map that:
- Suggests which types of investments and calculates how much to consider investing in each
- Outlines which investment to take income from and when to do so
- Determines the probability of meeting your income goals every year of retirement
In other words, it’s a comprehensive retirement income strategy − not just a single investment product or a retirement calculator.
See how RetireSense works and decide if it might be right for you
Ask Yourself
- Do I want a detailed, clearly outlined retirement income strategy that helps me determine how much to invest in what type of investment and how to draw from those investments for income?
- Would I feel more secure if I knew that market fluctuations wouldn’t keep me from paying for the essentials throughout retirement — no matter how long that is?
- Am I looking for a strategy that I’ll be able to follow uninterrupted even if my advisor retires?
Ask Your Advisor
If any of these sound good to you, RetireSense may be what you’re looking for. Ask your advisor for more information.
Important Information About Annuities
An annuity is a long-term, tax-deferred investment designed for retirement that will fluctuate in value. It allows you to create a fixed or variable stream of income through a process called annuitization and also provides a variable rate of return based on the performance of the underlying investments.
But, as with most things in life, an annuity does have limitations. If you decide to take your money out early, you may face fees called surrender charges. Plus, if you're not yet 59½, you may also have to pay an additional 10% tax penalty on top of ordinary income taxes. A death benefit is available with most variable annuities and naturally, if you do take an early withdrawal, your death benefit and the cash value of the annuity contract will be reduced.
You should also know that an annuity contains guarantees and protections that are subject to the issuing insurance company’s ability to pay for them. But these guarantees don’t apply to any variable accounts that are subject to investment risk, including possible loss of your principal.
An annuity is a contract between you and an insurance company and it’s sold by prospectus. While it may take some time, you should read these documents. They describe risk factors, fees and charges that may apply to you. Variable annuities have fees and charges that include mortality and expense, administrative fees, contract fees, and the expense of the underlying investment options.
Variable annuities are issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus OH. The general distributor is Nationwide Investment Services Corporation, member FINRA. In MI only: Nationwide Investment Svcs. Corporation.
Nationwide, Nationwide Financial, the Nationwide framemark, RetireSense, R-Income Analyzer and On Your Side are service marks of Nationwide Mutual Insurance Company.
