Lifetime Income
Some annuities offer income features designed to provide a stream of retirement income that can continue for life, subject to contract terms.
RETIREMENT INCOME STRATEGIES
Annuities: Creating More Certainty in Retirement
Annuities can help address important retirement concerns such as dependable income, principal protection, market uncertainty, and long-term planning. The right fit depends on your goals, timeline, liquidity needs, and overall retirement strategy.
Schedule a Complimentary Annuity ReviewUNDERSTANDING THE ROLE
Where an Annuity May Fit
An annuity is an insurance contract designed for long-term financial goals. Depending on the type and contract features, it may offer options for guaranteed income, protection from direct market losses, tax-deferred growth, or a predictable interest rate.
We help clients look beyond a single rate or headline feature and consider how an annuity works with Social Security, pensions, retirement accounts, required distributions, taxes, healthcare costs, and legacy goals.
COMMON RETIREMENT GOALS
What Annuities Can Be Designed to Address
Market-Loss Protection
Fixed and fixed indexed annuities are insurance products and do not directly participate in stock-market losses, though contract values and benefits depend on product terms.
Known Interest Periods
Multi-year guaranteed annuities can provide a declared interest rate for a stated contract period, similar in concept to locking in a multi-year rate.
TWO COMMON APPROACHES
Fixed Indexed Annuities and MYGAs
Different annuity types solve different problems. Understanding the tradeoffs is more important than simply choosing the highest advertised rate or bonus.
Fixed Indexed Annuities
- Interest potential may be linked to the performance of a market index, subject to contract caps, participation rates, spreads, or other terms.
- Principal is not directly invested in the index.
- May offer optional income features for retirement planning.
- Often designed for longer-term planning and may include surrender periods.
Multi-Year Guaranteed Annuities
- Offer a fixed interest rate for a specified period.
- Designed for clients who value rate certainty and principal protection.
- Contract terms vary by carrier, including surrender schedules and withdrawal provisions.
- May be useful for a portion of conservative retirement assets when liquidity needs are considered.
Guarantees are backed by the claims-paying ability of the issuing insurance company. Annuities may include surrender charges, market value adjustments, withdrawal limitations, and tax considerations. Product availability and features vary by state and carrier.
ALREADY OWN AN ANNUITY?
Review Your Existing Contract
If you already own an annuity, we can help you review its current value, income features, surrender period, beneficiaries, withdrawal provisions, and how the contract fits your retirement goals today.
OUR PROCESS
A Better Annuity Conversation Starts With Your Plan
STEP 1
Clarify the Goal
We identify what you want the money to accomplish and when you may need access to it.
STEP 2
Compare the Tradeoffs
We review product type, carrier strength, guarantees, income features, liquidity, surrender schedules, and other contract terms.
STEP 3
Coordinate the Strategy
We consider how the annuity fits with your other retirement income, accounts, taxes, RMDs, healthcare, and legacy priorities.
LET'S START THE CONVERSATION
See Whether an Annuity Fits Your Retirement Strategy
Your first conversation is complimentary and focused on understanding your goals, current assets, income needs, and questions.