You want to reach retirement without surprises. Adding protected growth from an annuity may help you get there.
I was surprised when I calculated how much income I would need to retire comfortably. I’m investing as much as I can to keep my money growing, but what will happen when the market dips?
To maintain my lifestyle in retirement, I need my savings to grow, but I have also seen how quickly my account is reduced by a downturn. How do I add security without giving up potential growth?
Discuss three questions with your advisor when considering your retirement income plan:
- Which of my retirement income sources are guaranteed, and which may run out?
- How long do I need my income to last?
- How much of my savings can I afford to lose in a market downturn?
Patricia’s annuity solution
I worked with my financial advisor, and together we decided to put some of my savings into an annuity. It provides protected monthly income and a safeguard in case the market stumbles. Now I feel more confident in my path to retirement.