Solutions for
retirement realities Planning for income in retirement. It’s no longer enough to simply save as much as you can for retirement. To help sustain the retirement lifestyle you want, you also need an income strategy, one designed to help with the income risks you’ll face in retirement:
A longer life expectancy We’re living longer, healthier lives than past generations. Today, men have a life expectancy of 74 years, while the life expectancy of women has reached 80 years. 1 That means retirements could potentially last 25 or 30 years – or even longer.
The effects of market volatility When you’re saving for retirement – and you’re still several years from retirement – volatility may not be a big factor, because you still have time to recover from losses. But when you start taking income in retirement, volatility can have a big impact on how long your retirement savings last.
93% of consumers said having a financial product that offers guaranteed income would be helpful to ensure they can support all they want to do in life. 3
That’s why it’s important to protect a portion of your income from market losses.
That’s why it’s important to make sure that you’ll have at least some income you can’t outlive.
Years of inflation During your working years, inflation may be less of an issue, since you may be getting periodic cost-of-living increases in your salary. But if you have a fixed income during your retirement, you won’t be keeping pace with rising prices, which historically have risen at around 3% per year. 2
That’s why you may need a strategy that gives you an opportunity for increasing income.
→ CORE INCOME 7® AND THE CORE INCOME BENEFIT RIDER can help address these retirement risks – and more – by providing income certainty with the potential for increases.
1 The 2022 annual report of the board of trustees of the federal old-age and survivors insurance and federal disability insurance trust funds, p. 100. 2 U.S. Bureau of Labor Statistics, Consumer Price Index for All Urban Consumers (CPI-U), Average price data 1922-2022. 3 Allianz 2023 Annual Retirement Study, an online survey conducted in February/March 2023 with a nationally representative sample of 1,000 individuals age 25+ with an annual household income of $50k+/$75k+ (single/married) OR investable assets of $150k+. Guarantees are backed by the financial strength and claims-paying ability of Allianz Life Insurance Company of North America. This content is general information for educational purposes, and is not intended to constitute fiduciary advice. Please consult your financial professional for a specific recommendation about purchasing this product.
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