Other Ways to Supplement Your Retirement Income
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.
SPF and its Registered Representatives do not provide tax advice. Please consult a qualified tax professional for advice on tax related matters.
*Non-deposit investment products and services are offered through Sorrento Pacific Financial, LLC ("SPF"), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through SPF: are not FDIC or otherwise federally insured, are not a deposit or guarantee of the bank, and may involve investment risk including possible loss of principal. Investment Representatives are registered through SPF. The bank has contracted with SPF to make non-deposit investment products and services available to bank clients.