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MILWAUKEE, Sept. 13, 2013 /PRNewswire/ -- Whether you're still planning for retirement or knocking on its door, there's one certainty: unlike previous generations, you are responsible for creating your own paychecks in retirement.  In that vein, Northwestern Mutual is hosting "Receive a Lifelong Paycheck: Guaranteed Income in Retirement," a webcast designed to help navigate the new reality of funding retirement with the responsibility for creating a personal paycheck.

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As part of the webcast, Northwestern Mutual's Don Armstrong, CLU®, ChFC®, CFP®, MSFS, CASL, AEP, and Michael Soyka, CLU®, CFP®, Regional Director - Planning & Sales, will discuss how a retirement income strategy that includes a steady stream of guaranteed income can help individuals achieve their retirement goals. It is taking place at 12 PM CT on Tuesday, September 17, and is open to the public and free of change.  Individuals may register at: http://u.nm.com/Webcast4

"Saving for retirement is only half the challenge," said Armstrong. "Just as you needed a strategy to accumulate the funds for retirement, you need a strategy to make your money last through retirement."

"You need to determine all the possible sources of income you can draw from," added Soyka.  "You have your pre-retirement savings, such as your 401(k), but equally important are guaranteed income streams, such as social security and annuities,* which can help sustain the retirement lifestyle you envisioned."

Following the event, the recorded webcast and other resources will be available on:  www.northwesternmutual.com/webcasts. The webcast is the fourth in Northwestern Mutual's "Planning for Success" series. Past webcasts --focusing on retirement myths, estate planning, and financial security in uncertain times – are available on-demand at northwesternmutual.com/webcasts.

For individuals unable to join, Northwestern Mutual will be tweeting during this webcast using #PlanningForSuccess. Follow @NM_News for more information and news of future webcasts.

*All guarantees in annuities are backed solely by the claims – paying ability of the issuer.

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.

About Northwestern Mutual
Northwestern Mutual is among the "World's Most Admired" life insurance companies in 2013 according to FORTUNE® magazine and has helped clients achieve financial security for more than 156 years. As a mutual company with $1.4 trillion of life insurance protection in force, Northwestern Mutual has no shareholders. The company focuses solely and directly on its clients and seeks to deliver consistent and dependable value to them over time.

Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company, Milwaukee, WI, and its subsidiaries. Northwestern Mutual and its subsidiaries offer a holistic approach to financial security solutions including: life insurance, long-term care insurance, disability income insurance, annuities, investment products, and advisory products and services. Subsidiaries include Northwestern Mutual Investment Services, LLC, broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company, limited purpose federal savings bank; Northwestern Long Term Care Insurance Company; and Russell Investments.

SOURCE Northwestern Mutual