Retirement Income

Building your retirement income

Retirement Income

2

Three sources ofretirement income

Personal Savings

Social Security

Pension

Retirement Income

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Social Security is only the foundationCalculating your benefit:The amount of your social security benefit depends a lot on when you retire. Delaying your retirement by even a few years can result in a higher monthly benefit.

For more information, visit www.socialsecurity.gov

Retirement Income

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Your pension may not be enoughHow much is enough?

Experts agree you’ll need at least 80% of your current income to maintain the same standard of living in retirement*.

*Retirement Savings Rule of Thumb, www.debt.org/retirement/how-much-do-i-need-to-save/, accessed Dec. 3, 2012

Retirement Income

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It’s up to you to bridge the income gapPersonal savings options:● Employer-sponsored plans

(401k, 457b, 403b, etc.)

● Traditional or Roth IRAs

● Annuities

● Other investments (stocks, bonds, mutual funds etc.)

Qualified retirement plans, deferred compensation plans and individual retirement accounts are all different, including fees and when you can access funds. Withdrawals may be subject to surrender charges, other fees and/or a 10% tax penalty if withdrawn before age 59½.

Retirement Income

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Working longer isn’t always an option

Source: 2012 RCS Fact Sheet #2, EBRI, March 2012

70%

60%

50%

40%

30%

20%

10%

27%of retirees actually do

70%of retirees

expect to keep working in retirement

Neither Nationwide® nor any of its representatives give legal or tax advice.

Information provided by Retirement Specialists is for educational purposes only and is not intended as investment advice.

Nationwide Retirement Solutions, Inc. and Nationwide Life Insurance Company (collectively "Nationwide") have endorsement relationships with the National Association of Counties and the International Association of Firefighters-Financial Corporation. More information about the endorsement relationships may be found online at www.nrsforu.com.

Nationwide Retirement Solutions, Inc. and its affiliates (Nationwide) offer a variety of investment options to public sector retirement plans through variable annuity contracts, trust or custodial accounts. Nationwide may receive payments from mutual funds or their affiliates in connection with those investment options. For more detail about the payments Nationwide receives, please visit www.nrsforu.com.

Retirement Specialists are registered representatives of Nationwide Investment Services Corporation, member FINRA. In MI only: Nationwide Investment Svcs. Corporation.

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