A good retirement income strategy needs to generate two to three decades of sustainable income. It should help protect your assets from inflation, market volatility and savings withdrawal rates.
What is an annuity?
An annuity is an insurance product designed for retirement to help protect your financial future and guard against outliving your savings. An annuity pays you periodic income payments for as long as you live in exchange for a premium and it’s designed to be part of an overall retirement strategy. Annuity types offer different features and payment options to help meet your needs and priorities. Compare your options.
Annuities offer many additional benefits to help you prepare for the future, such as:
- No annual contribution limit
- Ability to diversify and potentially grow your investments
- Tax-deferred investment income until it’s withdrawn
- Death benefit protection for beneficiaries
- Optional riders (for an additional cost). Review our rider options.
To decide if a variable annuity is right for you, consider that its value will fluctuate; it’s subject to investment risk and possible loss of principal; and there are costs associated.
If you have questions or for more information on annuities, contact an advisor.
Annuities allow your money to grow tax-deferred until you begin taking payments. While you can’t control state and federal tax rates or policies, you can take steps to help protect savings and income from tax erosion, and improve your spending power in retirement.
- Find out why tax planning for retirement is so important. Read the white paper. (PDF)
Lincoln Financial Group® affiliates, their distributors, and their respective employees, representatives, and/or insurance agents do not provide tax, accounting, or legal advice. Please consult an independent advisor as to any tax, accounting, or legal statements made herein.
Investors are advised to consider the investment objectives, risks, and charges and expenses of the variable annuity and its underlying investment options carefully before investing. The applicable variable annuity prospectus contains this and other important information about the variable annuity and its underlying investment options. Please call 888-868-2583 for a free prospectus. Read it carefully before investing or sending money. Products and features are subject to state availability.