Get Your Ducks in a Row ---
Add Up Your Sources of Retirement Income
The table below will help you identify all of your sources of retirement. It will also help you estimate what benefits will be available for as long as you live, for your spouse as a widow or widower, and whether it will keep up with inflation.
Source of Income Monthly Can you count on
getting the income
amount for life?		 Will the income
keep up with inflation?		 Can some or all of the income
continue to your surviving spouse?
A. Social Security $ Yes Yes Yes, offset by other Social Security Benefits payable to the survivor
B. Employer pension - if paid as monthly income $ Yes Private plans usually do not. Public employee plans often will. What is your plan's track record? Yes, if you use a joint and survivor form
C. Employer savings plan account (401-k) - if paid as guaranteed monthly income $ *
* Enter the estimated annuity income these funds could buy.		 Yes Not usually. Amount is fixed unless you use a variable or indexed annuity. Yes, if you use a joint and survivor form
D. Employer pension or savings plan account - if paid in a lump sum that's rolled over to an IRA and invested $ *
* Enter the estimated annuity income these funds could buy.		 Some risk of running out of money, depending on how well you manage investments and spending Depends on performance of your investments and the economy while you're retired Depends on how well you manage investments and spending during your lifetime
E. Part-time work $ No. In later years you're unlikely to find a suitable job that you can perform. Probably, as long as you keep working No

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