Plan ahead for the unknown expenses in retirement
You have plans. Hobbies, travel and more time with family might top the list. Paying for health care and unexpected expenses are probably not the first things on your mind for retirement, but it’s vital that you prepare for them. There are ways to protect your retirement income with flexible, yet stable solutions that help you manage the unexpected.
Cover expenses in retirement
Plan ahead for increased health care costs
Today, fewer people can depend on Social Security or an employer pension to cover their day-to-day living expenses in retirement like health care and a mortgage. Having the retirement income to pay for supplemental insurance along with long-term care insurance is critical. Learn how a life insurance policy can provide income and help cover essential expenses.Learn about life insurance
Prepare for long-term care expenses
While no one can predict what will happen in the future, planning for long-term care costs may help reduce worry and protect what you’ve saved, so that you can pass on money to loved ones. Your Ameriprise financial advisor can show you solutions that can help you feel more confident about these and other future expenses.Learn about long-term care coverage
Protect your income if you become ill or injured
You want to protect and provide for what matters most – especially if you become injured or ill. Disability insurance can provide an income “safety net.” Even if your work provides disability benefits, it may not be enough. A personal disability insurance policy can help cover the gaps. Speak with your advisor about your needs.Learn about disability coverage
Cover your bills and maintain your lifestyle
You want to be able to meet your financial commitments and continue the lifestyle you live now and throughout retirement. Will Social Security be enough? A steady stream of income from a RiverSource annuity solution can help you meet these expenses when you retire. Learn more from your advisor about RiverSource annuities solutions and how they can offer a guaranteed lifetime income.Learn about annuities
Solutions to consider
Recreate a “paycheck” from your investments that will last the rest of your life
A RiverSource® annuity can provide income protection and growth opportunities, along with the security of knowing your income will last a lifetime.
Protect your retirement from unexpected expenses
RiverSource® TrioSource℠ life insurance offers three benefits: a death benefit, a long-term care insurance benefit and a return of premium feature.
Preserve assets from chronic care expenses
A RiverSource® AdvanceSource accelerated benefit rider for long-term care enables you to leverage a life insurance policy to help with long-term care expenses if you become chronically ill.