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
   

  • Guaranteed income through retirement
  • Stability during market shifts
  • Protection for health expenses

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.

   

Purchasing power can decrease over time due to inflation

   

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.  

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1 “Retirement & Survivors Benefits: Life Expectancy Calculator.” Social Security Administration. April 11, 2017. https://www.ssa.gov/oact/population/longevity.html

2Understanding the financial challenges: Take Charge of your Future (2014). Lincoln Financial Group. Assuming an annual 3% CPI.

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.

A fixed indexed annuity is intended for retirement or other long-term needs. It is intended for a person who has sufficient cash or other liquid assets for living expenses and other unexpected emergencies, such as medical expenses. A fixed indexed annuity is not a registered security or stock market investment and does not directly participate in any stock or equity investments, or index. The index used is a price index and does not reflect dividends paid on the underlying stocks.

Variable annuities are long-term investment products designed for retirement purposes and are subject to market fluctuation, investment risk, and possible loss of principal. Variable annuities contain both investment and insurance components and have fees and charges, including mortality and expense, administrative, and advisory fees. Optional features are available for an additional charge. The annuity’s value fluctuates with the market value of the underlying investment options, and all assets accumulate tax-deferred. Withdrawals of earnings are taxable as ordinary income and, if taken prior to age 59½, may be subject to an additional 10% federal tax. Withdrawals will reduce the death benefit and cash surrender value.

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 prospectuses for the variable annuity and its underlying investment options contain this and other important information. Please call 888-868-2583 for free prospectuses. Read them carefully before investing or sending money. Products and features are subject to state availability.

Lincoln annuities are issued by The Lincoln National Life Insurance Company, Fort Wayne, IN, and distributed by Lincoln Financial Distributors, Inc., a broker-dealer. The Lincoln National Life Insurance Company does not solicit business in the state of New York, nor is it authorized to do so.

Contracts sold in New York are issued by Lincoln Life & Annuity Company of New York, Syracuse, NY, and distributed by Lincoln Financial Distributors, Inc., a broker-dealer.

All contract and rider guarantees, including those for optional benefits, fixed subaccount crediting rates, or annuity payout rates, are subject to the claims-paying ability of the issuing insurance company. They are not backed by the broker-dealer or insurance agency from which this annuity is purchased, or any affiliates of those entities other than the issuing company affiliates, and none makes any representations or guarantees regarding the claims-paying ability of the issuer.

There is no additional tax-deferral benefit for an annuity contract purchased in an IRA or other tax-qualified plan.