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Retirement Income

What Does $3 Million Buy

Submitted by tom on

$3 million in savings buys roughly $5,000 per month or $60,000 per year in inflation adjusted income.

This is inflation adjusted fixed income rather than annuity-based income.

Click here for more on TIPS and inflation adjusted retirement income.

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Should I invest in a variable annuity?

Thanks for reaching-out.

It is generally very difficult if not impossible to provide a simple yes/no answer to this type of question without having much more detail regarding your situation and needs.  That said, here are some things to think about:

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Annuity
Asset Accumulation
Asset
Insurance
Liquid
Liquidity
Variable Annuity
Pension
Bequest
Social Security
Income
Financial Advisor
Financial Planning
Companies: 
TIAA-CREF
Key Phrases: 
Retirement
Retirement Income
Expenses
Saving
Employer
Retirement Plan
Healthcare
FAQ Topics: 
Annuities Information
Key Phrases:
Glossary: 
Annuity
Asset Accumulation
Asset
Insurance
Liquid
Liquidity
Variable Annuity
Pension
Bequest
Social Security
Income
Financial Advisor
Financial Planning
Key Phrases: 
Retirement
Retirement Income
Expenses
Saving
Employer
Retirement Plan
Healthcare
FAQ Topics: 
Annuities Information
Companies: 
TIAA-CREF

TIAA-CREF CEO Urges Focus on Retirement Income Rather than Wealth Accumulation

TIAA-CREF CEO Roger W. Ferguson recently wrote a piece encouraging policymakers and consumers to think about reframing retirement planning . Ferguson urges readers to focus on the primary objective of a stable stream of retirement income that lasts throughout retirement rather than wealth accumulation.
Companies: 
TIAA-CREF
Key Phrases: 
Retirement
Retirement Income
Retirement Plan
Glossary: 
Retirement Planning
Income
Key Phrases:
Glossary: 
Retirement Planning
Income
Key Phrases: 
Retirement
Retirement Income
Retirement Plan
Companies: 
TIAA-CREF

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