In addition to employee retirement plans, you may want to consider other ways of supplementing your retirement income. For example, you may be able to tap into the equity you've built up in your house. As an employee, you may arrange for income deferrals—delaying the receipt of a portion of your income until you retire. And of course there are many other ways to invest money that could increase the assets available to you at retirement. Work with your financial professional to build a strategy that works best for you.
Your House Is More Than a Home
Many people have paid off their home mortgages before retirement. There are two ways your home can help you generate income in retirement:
Both of these techniques are typically used when you can't make ends meet with your other retirement funds.
First Ipswich Investment Services is a trade name of the bank. Infinex and the bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of the principal amount invested.