The following is a sponsored partnership with TIAA. All opinions are my own.

There are five things that I never want to run out of. These include:

• Travel and adventure – I always want to be able to RV, sail, hike, and ride bikes. I love being able to explore, do new things, and see what this amazing planet has.
• Delicious food – Who doesn't love food?
• Dogs to pet – This one is another no-brainer.
• Time with family and friends – This sparks joy, of course!
• Retirement income or income in retirement

And, today, I want to talk more about retirement. This is a personal finance blog after all!

Retirement is so important.

For me, I am all about saving for retirement, and my husband and I save a significant percentage of our income each month due to this.

Retirement to me means that I never have to run out of travel and adventure, or any of the other wonderful areas of my life from my list above!

Saving for retirement now is important for many reasons,

However, according to a survey done by GoBankingRates, 56% of Americans have less than an average of $10,000 in retirement savings and 33% have no retirement savings at all.

But, I think this can change, and I think you can start saving for retirement.

One way to prepare for retirement is with TIAA's guaranteed monthly income for life.

With TIAA’s guaranteed monthly income you will feel more financially confident that your retirement will have consistent monthly payments so that you can continue to pay your bills, live your life and never run out of retirement income.

I know that many of us worry about running out of retirement savings, and the future can be a weird thing to think about (it's so far away, right?!).

I'm sure that we can all relate to the experience of running out of gas, having our cell phones die, running out of toilet paper, and the list goes on, but with TIAA you can be sure that you won’t run out of income in retirement.

According to the TIAA’s 2019 Lifetime Income Survey, 69% of working Americans say that having an income during retirement that is guaranteed to be paid for as long as they live as the most important goal for their retirement plan.

AND, 88% of people who own an annuity with guaranteed lifetime income say it positively impacts their confidence about being financially secure.

With guaranteed lifetime retirement income from TIAA, you can turn your savings into regular monthly income so that you can pay your expenses when you are retired.

Due to this, you may want to think about making guaranteed income part of your retirement plan.

You can calculate what your monthly income could look like in retirement by using TIAA’s Personal Pension Calculator to find out what you need and check whether you are eligible for TIAA’s retirement plan.

 

Who is TIAA?

TIAA is a leading financial services provider for those in the nonprofit, academic, research, medical, and governmental fields, with over 15,000 institutions and 5 million individuals served.

They are a different kind of financial services company, helping people in these fields meet their financial goals through their global and diversified financial services. TIAA continues the legacy built by Andrew Carnegie, who helped create TIAA in 1918 to ensure teachers could actually retire.

What does it mean to you to not run out of money for retirement?

The post Five Things I Never Want To Run Out Of appeared first on Making Sense Of Cents.

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