Discover financial solutions that protect your future and provide peace of mind. Whether you're exploring annuities, life insurance, or understanding employee benefits through your workplace, Pacific Life offers resources and products designed to meet your personal and family goals.
Support your workforce with innovative employee benefits and retirement solutions. Pacific Life partners with business owners, benefits administrators, and pension fund managers to create customized programs that attract and retain top talent while securing their financial future.
Simplify complex retirement and pension risk management with our tailored solutions for large organizations. Pacific Life specializes in working with institutions to address their unique challenges, offering expertise in pension de-risking and strategic retirement planning for a more secure future.
Empower your clients with confidence by leveraging Pacific Life’s comprehensive portfolio of financial products. From annuities to life insurance, we provide the tools, resources, and support to help financial advisors and brokers deliver exceptional value and long-term results.
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Individuals
Discover financial solutions that protect your future and provide peace of mind. Whether you're exploring annuities, life insurance, or understanding employee benefits through your workplace, Pacific Life offers resources and products designed to meet your personal and family goals.
-
Employers
Support your workforce with innovative employee benefits and retirement solutions. Pacific Life partners with business owners, benefits administrators, and pension fund managers to create customized programs that attract and retain top talent while securing their financial future.
-
Institutions
Simplify complex retirement and pension risk management with our tailored solutions for large organizations. Pacific Life specializes in working with institutions to address their unique challenges, offering expertise in pension de-risking and strategic retirement planning for a more secure future.
-
Financial Professionals & Brokers
Empower your clients with confidence by leveraging Pacific Life’s comprehensive portfolio of financial products. From annuities to life insurance, we provide the tools, resources, and support to help financial advisors and brokers deliver exceptional value and long-term results.
With retirement in sight, I’m looking for a little reassurance. I want to make sure we’re retirement-ready. | By Andrew
I’ve been teaching for years, and comparative literature is my passion. Plus, being tenured gives my wife Christina and me a sense of security that’s hard to beat. But lately, when I write up a new syllabus, I wonder how many more of those semester outlines I’ll craft. After all, I’m 63 now.
The past few years, I’ve been asking myself: How will Christina and I know when it’s time to transition from this professional pace? And when I’m ready to retire, will our finances be on the same page?
Christina has always supplemented our income with direct sales businesses—from her food container business years ago to the more recent jewelry business. She averages about $10,000 per year, a nice cap to my $110,000 annual salary. Our children, Michael and Caitlyn, are both in their mid-20s, and have moved to Chicago for work, which leaves us free to focus our financial lives on our own needs—and on our future.
We plan to stay in Bloomington. It’s home. We met here in high school, and after college at Ball State over in Muncie, we came right back. Our house, valued at $260,000, is paid for.
As diligent as Christina is about her business, I’m the one who manages our household finances. I’m the one who worries the most about our future. My biggest concern is that we’ll run out of money. Especially with Christina’s back issue and her fear that Alzheimer’s runs in her family. Could we afford assisted living if necessary? Medicare won’t cover everything.
Since I set up an appointment with Caroline, a financial professional, a few weeks ago, I finally have a few more answers. She was impressed with the phased retirement plan that my university offers tenured professors–a way to reduce workload, take early withdrawals from my retirement savings plan, and still maintain health benefits. Meant to ease professors out the door, it’s a plan I really like. I’ll be eligible at 65, which gives me a firmer timeframe to plan toward.
Caroline and I talked through Christina’s and my assets, including the IRA that Christina started about 15 years ago with some of her earnings. Now 62, she doesn’t have to take the first required minimum distribution until she’s 70 1/2.
We talked about other options for creating income streams in retirement, including an option for an annuity we can consider. Caroline gave me a lot to think about. Put a different way, she gave me a lot less to worry about. Now I feel we can make a legitimate plan, with a realistic timeframe. I’ll know when the time is right.
Explore How You Can Reach More Life Goals
Plan now, so you’re ready later
For you, family is one of the most important things in your life. You take care of them. They take care of you. Making sure that they’ll always be taken care of, no matter what happens.
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Retirement income
Being happily retired looks different for everybody. Maybe you want steady retirement income that lasts or supplemental income to help you meet the unexpected in life.
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Protect and grow my business
You want your business to maintain its competitive edge. Attracting talent and building a succession plan for the future means you can ensure your business stays in stable hands.
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Plan now, so you’re ready later
For you, family is one of the most important things in your life. You take care of them. They take care of you. Making sure that they’ll always be taken care of, no matter what happens.
LEARN MOREkeyboard_arrow_down
Retirement income
Being happily retired looks different for everybody. Maybe you want steady retirement income that lasts or supplemental income to help you meet the unexpected in life.
LEARN MOREkeyboard_arrow_down
Protect and grow my business
You want your business to maintain its competitive edge. Attracting talent and building a succession plan for the future means you can ensure your business stays in stable hands.
LEARN MOREIn order to sell life insurance, a financial professional must be a properly licensed and appointed life insurance producer.
Pacific Life, its affiliates, their distributors and respective representatives do not provide tax, accounting or legal advice. Any taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor or attorney.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company. Product availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues.
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