Social Security: Benefits are based on your earnings history and the age when you claimbenefits. If you retire at your “full retirement” age —which ranges from 66 to 67 —you will receive your “full” Social Security benefit. If you choose to claim benefits at age 62 (the earliest claiming age), you will receive a permanently reduced benefit (25% to 30% less than the full benefit, depending on your year of birth). If you delay claiming benefits after reaching full retirement age, you will receive a larger benefit — about 8%more for each year you delay, up to age 70. Married couples may have additional filing strategies to maximize lifetime benefits. Personal savings and investments: Unless you receive a traditional pension, the money you save and invest will make up the bulk of your retirement income. Youmight invest in IRAs and employer-sponsored retirement plans. And youmight supplement these plans with taxable financial vehicles such as stocks, bonds, cash alternatives, and mutual funds. Mutual funds are sold by prospectus. Please consider the investment objectives, risks, charges, and expenses carefully before investing. The prospectus, which contains this and other information about the investment company, can be obtained from your financial professional. Be sure to read the prospectus carefully before deciding whether to invest. Even though you might receive annual cost-of-living adjustments (COLAs), Social Security shouldn’t be counted on to cover all your living expenses in retirement. The average monthly benefit for all retired workers in December 2022 was only $1,825. Source: Social Security Administration, 2023 What Income Sources Will You Have?