MetLife, Inc. · NYSE:MET
MetLife — Investor Presentation (August 2023)
16 slides from MetLife's investor presentation, August 2023
Slide 1: Retire Ready
Retire Ready Enrolling in your employer-sponsored retirement savings plan
Slide 2: Why save for Retirement?
Why save for Retirement? • Food, shelter, healthcare • You may need to replace 80–85% of your current income in retirement1 • Future standard of living depends on how well you save and invest right now 1 Source: January 21, 2021 — How Much Income Do You Need in Retirement by Sarah Li Cain. (consumer
Slide 3: What are potential sources of retirement income?
What are potential sources of retirement income? Social Security Personal Savings Individual Retirement Accounts (IRAs) Pensions Annuities These sources may not be enough. Your employer-sponsored retirement plan is a great way to help bridge the gap. 3
Slide 4: What is a 403(b), 457 or 401(k) Plan? How do they work?
What is a 403(b), 457 or 401(k) Plan? How do they work? Employer-established, generally funded with your before-tax contributions You choose how to allocate your money Your employer determines plan features, and in some cases, makes contributions Receive tax benefits while your money grows Once mone
Slide 5: How much should you expect from Social Security?
How much should you expect from Social Security? Social Security payments won’t match Amount provided depends on several pre-retirement earnings in most cases factors, including earnings history Retirement may last for 20–30 years 5
Slide 6: What are the advantages of joining?
What are the advantages of joining? It’s easy It reduces your current taxes It grows tax-deferred It’s never too early It’s never too late3 It’s your choice It may be matched by your employer It’s there in an emergency MetLife makes access to your account convenient Contact your employer to learn th
Slide 7: What are the basics of retirement investing?
What are the basics of retirement investing? • Saving puts money aside for short-term needs • Investing puts money aside for long-term needs 7
Slide 8: When's the best time for me to start saving?
When’s the best time for me to start saving? Pay yourself first Right now Waiting means larger contributions later 8
Slide 9: Not everyone saves the same, but there are things we should all consider
Not everyone saves the same, but there are things we should all consider Starting Early Starting Later Mary Bill Start Age 25 – End Age 35 Start Age 35 – End Age 65 Annual Contribution $2,000 Annual Contribution $2,000 Total Contribution $22,000 Total Contribution $62,000 Account Balance $182,298 Ac
Slide 10: How much should I be saving?
How much should I be saving? As much as you comfortably can Something is better than nothing 10
Slide 11: Understanding your financial situation
Understanding your financial situation How much will I need in retirement? Day-to-day expenses may decrease, but insurance and healthcare may increase. What is dollar cost averaging?* The process of investing a set amount at regular intervals over a long period of time. How does vesting work? Anythi
Slide 12: How should I allocate my contributions?
How should I allocate my contributions? After you've decided how much to contribute, you need to choose where those dollars will be invested. Diversification and asset allocation is key. 5 Stock funds Bond funds Cash equivalents Your risk tolerance depends on your comfort level. 5 While diversificat
Slide 13: Choosing the right investment path
Choosing the right investment path Mutual Funds Target Date Funds pool money from many invest in a set of different individual investors, underlying mutual funds, and then invest in a variety of and then set a “target securities based on the mutual date” for fund withdrawal. fund’s objectives. 13
Slide 14: What happens to my plan account if I leave my job before I retire?
What happens to my plan account if I leave my job before I retire? Keep your account, cash-out or rollover to a plan or IRA6 Additional tax may apply to cash-out before age 59 ½2 Educate yourself - metlife.com/retireready 2 Distributions may be subject to an additional 10 percent early withdrawal ta
Slide 15: What you can do now.
What you can do now. Contact your employer to learn more about your plan — and enroll to start saving today! 15
Slide 16: Thank you
Thank you This presentation should not be construed as tax or legal advice. Please consult your tax advisor or attorney for such guidance on how your employer-sponsored retirement plan can affect your taxes. Distributions prior to retirement age are generally prohibited. Retirement savings program d