Does your portfolio have guaranteed income?
While even the most careful retirement planning can’t account for everything, an annuity may help protect your retirement income.
Article highlights
|
With people living longer than ever, many retirees are now looking at a 30-year retirement. A lot can happen in those years; factors like inflation, stock market performance and your health can throw a big wrench into a plan that may have looked solid at the outset. The right annuity may give you and your loved ones guaranteed income for the long haul. |
Longevity protection
With about one out of every four 65-year-olds living into their 90s1, planning far into the future has never been more important. A long retirement may put a strain on your finances, so you’ll want to be sure your money will outlast it—not the other way around.
As you evaluate your retirement plan, it’s important to consider the longevity potential of your financial portfolio. What sets annuities with guaranteed income riders apart from other financial products is their ability to generate income for as long as you live without running out–making them a notable option when putting together a well-diversified portfolio that’s built to last. But an annuity can also focus on growth: Variable annuities can help people tap into the potential of market growth with professionally managed investment subaccount options.
Market volatility protection
The market can be volatile. The inclusion of assets with guaranteed income in your portfolio can be a trusted source of income during market volatility, for several reasons. Regardless of their performance, the payout from certain annuities will remain constant, providing a stream of income you can count on. An annuity with guarantees may also help alleviate the financial strain of a dip in the market while you wait for your other assets to recover. In fact, some annuities are designed specifically to let you grow your savings while choosing a level of protection against market risk that feels right for you.
Help protect your retirement income from the risks you and the people you are responsible for may face. Talk to your financial advisor and learn more about how an annuity may make it easier to address these challenges while also providing income for you throughout retirement.
Guarantees are subject to the claims-paying ability of the issuer.



