Annuitization for Lifetime Income

Using retirement savings to purchase an annuity no longer is an “all or nothing” decision. As a result, income annuities quickly are becoming an important component of a retiree’s overall investment strategy. By purchasing a lifetime income annuity to cover basic living expense, retirees can use their discretionary funds as a source for enjoyment activities or additional investment opportunities.

• Cover monthly fixed expenses
• Pay for unexpected emergencies
• Purchase vacation property
• Purchase life or long-term-care insurance

When an income annuity is purchased with funds from a qualified retirement plan, clients can continue to enjoy the benefits of tax deferral on their retirement savings – only paying taxes on the payments received. Additionally, an optional cost-of-living adjustment is available to ensure your clients’ retirement income keeps up with inflation.