Retirement

Retirement Income 101: Where Will Your Retirement Income Come From?

2 min read
Jun 20, 2024

Even the most prepared pre-retirees worry they’ll outlive their savings — and as employers pivot from pensions to defined contribution plans, employees face even more responsibility for their future.

Understanding how much you'll need in retirement, and where that money will come from, can help you prepare. Here's what you need to know.

 

Financial Wellness

1.    Top 10 Ways to Prepare for Retirement, U.S. Department of Labor, September 2021.

2.    Why Do People Spend the Way They Do in Retirement? Findings From EBRI’s Spending in Retirement Survey, EBRI, January 2021.

3.    Understanding the Benefits, Social Security Administration, January 2023.

4.    Over Half of Americans Plan To Work in Retirement: Here Are the Best Options, Nasdaq, March 2023.

5.    MetLife's Employee Benefit Trends Study, 2023.

6.    Retirement Confidence Survey, Employee Benefit Research Institute, 2023.

7.    MetLife's Paycheck or Pot of Gold Study, 2022.

Group annuity contracts are issued through Metropolitan Tower Life Insurance Company (MTL) or Metropolitan Life Insurance Company (MLIC). Like most group annuity contracts, MTL and MLIC group annuities contain certain limitations, exclusions and terms for keeping them in force. MTL and MLIC annuity products may not be available in all states. Contact your MetLife representative for more information.