Across the country, people are saving for that “someday” called retirement. Someday, their careers will end. Someday, they may live off their investments, plus Social Security. They know this, but many of them do not know when, or how, it will happen. What’s missing is a strategy – and a good strategy might make a great difference.

A retirement strategy directly addresses the “when, why, and how” of retiring.

It breaks the whole process of getting ready for retirement into actionable steps.

Too many people retire with doubts, unsure if they have enough money and uncertain of what their tomorrows will look like. Year after year, many workers also retire sooner than they had planned, whether it be by choice or being “forced out”. According to a 2019 study by the Employee Benefit Research Institute, about 43% of workers enter retirement earlier than they planned.[i]

Why not prepare for your vision of retirement now to chart a path toward your goals and the future you want to create for yourself?

Some people dismiss long-range retirement strategies because they’re uncertain what their future hold. Don’t be fooled: you have partial or full control over the way you save and invest, your spending and your borrowing, the length and arc of your career, and your health. You also have the chance to be proactive and to prepare for the future.

A great retirement strategy has many elements. It should set financial objectives and address your retirement income: how much you may need, the sequence of account withdrawals, and the age at which you claim Social Security. It establishes (or refines) a unique investment approach. It examines tax implications and potential tax advantages. It considers possible healthcare costs into consideration and even the transfer of assets to heirs.

A prudent retirement strategy also entertains different consequences. Financial professionals often use multiple-probability simulations to assess the plan’s risk in case of an unexpected outcome. This can help the advisor and the retiree/pre-retiree plan for “what ifs” that may affect a strategy.


If you have a plan in place consider seeking a second opinion, especially if it was created before the pandemic. If you’re still constructing your plan, collaborate with a financial professional to design a personalized retirement-income plan for your goals and dreams. At RGA, we offer FREE second opinion and financial planning strategy sessions to help people like you create a common-sense approach to retirement without compromising your needs. Let’s chat—click the link below, call 1-800-467-8152, or email to let us know what time works best for you!