Unexpected things can happen. And those things can have an impact on your plans for the future. Once you’ve started saving for retirement, make sure you do everything you can to protect your plan. This means protecting your number with life insurance as well as managing the risks related to your investments.
Life insurance can be a valuable financial tool in retirement planning. It can help you protect your number from uncertainties in life, such as a death of a spouse. It can help ensure your financial security by helping with immediate, ongoing and future expenses such as paying your mortgage and other debts, maintaining your current lifestyle and creating a future education fund for your children. And because of its tax advantages, it can also be an effective tool in estate planning.
While some employers offer life insurance to help pay bills and take care of funeral expenses, it may not be enough to help ensure your family lives the life you planned for them. That’s where ING for LifeSM can help. Use this tool to easily evaluate your life insurance needs and explore how various ING life products might be right for your situation.
Developing an investment management strategy can also help you protect your savings from market ups and downs. When you’re younger, you can afford to take bigger risks in your diversified portfolio. But as you grow older, you may want to trade potentially higher rewards for less risk. Just make sure you understand the appropriate level of risk for your life stage. And when the market fluctuates, don’t panic. Work with your financial professional to plan the right course of action to retire the way you want.
Once you’ve figured out what you want to do when you retire, take the steps you need to make sure it is protected so it happens the way you want.