If most Americans need to save and invest more aggressively before retirement, they also must be more pro-active in preserving their principal after retirement.

Retirement income comes from three main sources:

1. Social Security


2. Retirement plan distributions


3. Personal savings and investments

For many people, their accumulated pensions will represent their largest personal asset. Ensuring that these and other assets and income sources keep working as productively as possible help assure that their retirement will be a period of active leisure rather than a time of financial worry and struggle.

How can older Americans best protect their savings and investments while maintaining quality of life for themselves and their heirs? The answer is to seek advice on retirement income management, plan to reduce taxes, evaluate health insurance and long-term care risks, and address their estate planning goals. Moreover, by helping retirees take full advantage of their Social Security retirement benefits and other assets, resources and options – including the appropriate use of annuities – planners can help these clients balance short-, medium- and long-term needs and objectives.

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