Where will your income come from?

Evaluate your own income sources (taxable)

• Annual pension from current and past employers
• Annual Social Security benefit, depending on when you can retire
• Annual payments from any annuities you own

Inventory your own potential income sources
I. Taxable Income Sources and Their Current Value

• Stocks
• Bonds
• Savings/CDs
• Real estate
• Part-time income

II. Tax-Deferred Income Sources and Their Current Value

• 401(k), 403(b), 457
• Traditional IRA
• Annuity

III. Tax-Free Income Sources Current Value

• Roth IRA
• Life insurance (cash value)
• Municipal bonds

THINGS TO CONSIDER

• To get an estimate of your personal income benefit from Social Security when you retire, go to: www.ssa.gov
• If you have a pension, call your benefits manager for a pension estimate.
• Some sources suggest it may be preferable to spend principal from after-tax savings first, and then draw down proceeds from an IRA or company-sponsored plan.