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Retirement Strategies

Coming up with a retirement savings plan of your own can be stressful. No matter how you plan to spend your years in retirement, you don’t want to worry about a lack of income. Retirement planning shouldn’t be an afterthought but rather a focus from as early as your 20s. Our licensed agents are here to help you create a personalized retirement strategy tailored to your goals, ensuring you stay on track for a financially secure future. Find out how to take the first steps toward the retirement you deserve.

Questions You May Have

  • How do I start saving for retirement?
  • Am I saving enough for retirement? How long will my retirement savings last?
  • What is the retirement age?
  • What role does Social Security play in my retirement planning?
  • How much do I need in my retirement savings?
  • What should I do if I haven't started saving for retirement yet?
  • How do I withdraw from my retirement accounts?

Proper planning for retirement demands that everyone knows the answer to these questions and so much more. WFG licensed agents can show you how to create a tailored retirement strategy designed to help you live well in your golden years. 

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What We Offer

Our licensed agents can guide you through various retirement savings options, including employer based savings, , annuities, and other strategies designed to help grow and protect your wealth over time. Find out how to save for retirement based on your place of residence!

WFG Agents offer options tailored to your needs
  • In the United States, our product offerings include annuities, which you purchase from an insurance company in either a single payment or through a series of payments. Your payout can come in either in a lump sum or be paid out over time. Our life licensed agents can offer fixed and fixed indexed annuities from a variety of providers.
  • In Canada, our properly licensed agents can offer Registered Retirement Savings Plans (RRSPs) or Tax-Free Savings Accounts (TFSA), with agreements with leading product providers, to help you save for retirement. While an RRSP is specifically designed for retirement savings, a TFSA can be used for this purpose or any savings goal. Please ask your WFG agent which one would be right for you.

Many people underestimate how much they’ll need in retirement or delay saving until it feels more affordable. The truth is, that the earlier you start, the more you benefit from compounding growth, making it easier to reach your goals. Don’t wait until retirement is around the corner. Start saving for retirement today! Connect with one of our agents to build a strategy that gives you confidence in your financial future.

Frequently Asked Questions

When should I start saving for my retirement?
The best time to start saving for retirement is as early as possible. Doing so can allow you to contribute smaller amounts each year towards your retirement goal.

Should I work with an agent to create a strategy for retirement? 
We think so! WFG’s independent agents are trained financial service professionals. Your agent can work with you to create a personalized retirement strategy tailored to your unique financial situation and that aligns with your retirement goals. Your agent can also provide ongoing support, including regularly reviewing your retirement trajectory.

How much should I contribute to my retirement accounts?
The amount you need to save for retirement depends on when you plan to retire and your preferred living standard during those years. Do you plan to travel extensively or downsize your home? You may want to create a list of your expected retirement expenses. Include essential costs such as housing, healthcare, food and utilities, as well as estimated expenses for things you will want to enjoy, like entertainment and travel. A licensed WFG agent can help you create a comprehensive retirement strategy and adjust it as needed over time.

Can I access my retirement savings whenever I want?
Withdrawing from retirement accounts before a certain age may trigger tax penalties. Consider alternative sources of funds before tapping into retirement accounts. Even if you’re changing jobs, rolling over your account into your new employer's plan or leaving the funds where they are is often recommended.
Before deciding whether to retain assets in an employer-sponsored plan or roll over to an IRA, consider factors such as investment options, fees and expenses, services, withdrawal penalties, death benefits, protection from creditors and legal judgments, required minimum distributions, and possession of employer stock.

What are the main types of retirement accounts?
There are several types of retirement accounts, each with their own rules and tax advantages. Companies offer employer-sponsored retirement plans that will usually include contributions from both the employee and the employer after each paycheck. People may open individual retirement accounts or other types of retirement accounts independently of an employer. Saving for retirement is usually easier if you have multiple accounts at your disposal, so talk to your WFG agent about the best strategy for you and your family.

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We Are Here to Help

Need help choosing products and services to pursue your financial goals? Our financial professionals are standing by with the insight and tools you need to put them within reach.

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Cedar Rapids, IA 52499

Canada Home Office 
5000 Yonge Street, Suite 800 
Toronto, ON M2N 7E9

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©2018-2025 Transamerica Corporation

Disclosure:
In the United States, World Financial Group Insurance Agency, LLC (In California, doing business as World Financial Insurance Agency, LLC), World Financial Group Insurance Agency of Hawaii, Inc., World Financial Group Insurance Agency of Massachusetts, Inc., and /or WFG Insurance Agency of Puerto Rico, Inc. (collectively WFGIA), offer insurance products.   

California License #0679300   

WFG U.S. Headquarters: 6400 C Street SW, Cedar Rapids, IA 52499.  
Phone: 770-453-9300   

In Canada, World Financial Group Insurance Agency of Canada Inc. (WFGIAC), which offers life insurance and segregated funds  

WFG Securities Inc. (WFGS), which offers mutual funds.   

WFGIAC and WFGS are affiliated companies.   

Headquarters: 5000 Yonge Street, Suite 800, Toronto, ON M2N 7E9.   
Phone: 416-225-2121   
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3851603 12.24