Is your plan diversified enough to last a lifetime?
You’ve worked hard to prepare for retirement, but does your portfolio have everything you need to get through it, and not just to it?
Here’s an obvious statistic: Ninety-four percent of Americans think it’s important to have a dependable stream of income outside of their Social Security benefits.1
Retiring with a reliable stream of income
As life expectancies have continued to rise, the previously reliable income options, like Social Security and pensions, have increasingly become less dependable. This has made portfolio diversification far more crucial than it was for past generations. Fortunately, any financial plan can benefit from an additional source of dependable income. This can be gained from incorporating an annuity, which gives you the power of knowing you’ll receive a lifetime stream of reliable income—allowing you to retire with greater confidence.
Prepare for healthcare costs
One benefit of annuities is that they add a level of predictability to your retirement plan. For many, healthcare is one of the largest costs faced in retirement. Recent studies have shown that as many as one in two Americans turning 65 will need some form of long-term care in their lifetime due to a life event or illness.2 A guaranteed income stream can help you offset those costs so you can afford some of life’s unexpected expenses.
In addition to serving as a reliable way to diversify your retirement portfolio, annuities provide a form of tax diversification, by allowing your assets to grow, tax-deferred, and by offering withdrawal strategies designed to reduce the impact of taxes.
The truth is, no one can predict what obstacles they may face in retirement; however, a guaranteed, dependable stream of income can help you overcome some of those challenges and help you maintain your lifestyle through retirement.
Learn more about retirement and tax planning.
Explore annuity options from Lincoln, or speak with your financial advisor about the role a Lincoln Financial annuity can play in your retirement strategy.
Variable annuities are long-term investment products that offer a lifetime income stream, access to leading investment managers, options for guaranteed growth and income (available for an additional charge), and death benefit protection.
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 such as mortality and expense, administrative and advisory fees.
All guarantees, including those for optional features, are subject to the claims-paying ability of the issuer.