It's time to consider lifetime income
You may have thought about an annuity before. You may want to think again.
Imagine never running out of money. Ever. An annuity can be designed to provide guaranteed lifetime income, offering you and your loved ones a level of income certainty that almost no other financial product can.
Your criteria: determining what matters
An annuity is a financial product designed for retirement that offers a lifetime income stream, access to leading investment
It is paid out regularly, starting when you and your financial advisor decide is right, on a schedule that meets your needs, and with the option to continue for as long as you live. You can choose between variable and fixed, depending on whether you’d prefer to take a more active role in how your money is invested or whether you’d rather go a more conservative route with a dependable return year after year. In terms of day-to-day involvement, annuities are no more complicated to manage than a mutual fund—but they have unique features and benefits.
The fundamental features of an annuity can be supplemented with the purchase of riders, for an additional cost. These can help customize your annuity to better suit your and your family’s needs, by addressing things like:
- Payments: Whether you receive guaranteed income, when it starts and how much money you receive.
- Taxes: How withdrawals are structured and taxed.
- Inflation: Whether a cost-of-living increase is accounted for in payouts, and by how much.
- Costs: What you may pay, and in what circumstances.
Your investment: getting more than you imagined
Annuities aren’t too good to be true. However, they are too good to be free. When you buy an annuity, you’re buying the confidence that you can have a continuous stream of income for the rest of your life—the metaphorical safety net.
While the cost of an annuity may be more than the cost of some traditional investments, annuities are unique. With living benefit options, they offer guaranteed lifetime income that will never go down or run out, even if your principal goes down to zero.
Annuities can give you significant advantages when it comes to making the most of your money, as there are tax benefits. They’re offered in both commission- and fee-based arrangements. Recent innovations in the financial services industry provide more options today than ever before, including solutions with more transparent pricing and lower fees.
Your future: capitalize on today’s market
Today’s prospective retirees need to plan for a retirement that could last 30 years or more.1 The need for reliable lifetime income as part of a well-diversified portfolio has never been greater.
As witnessed by periods of loss over the past 20 years, nothing is certain, and account values aren’t immune to external market forces. Annuities can provide a wide variety of benefit options that can lock in and protect investment gains, or even protect against the financial strain of an untimely death.
Annuities can be a powerful piece of your portfolio that can offer a stream of lifetime income that can help you maintain your lifestyle in retirement.
Explore Lincoln Financial annuity products to see what may be in your retirement plan’s best interest, or talk to your financial advisor about Lincoln Financial.