Steady retirement income
The most common reason you may choose to purchase an annuity is for the stable income you can receive during retirement. You can choose to purchase an annuity that provides payments throughout retirement, giving you a steady source of income. Some people may choose to rely on Social Security and their savings alone, but as we are all living longer, there's a good chance some may run short of funds in retirement. With an annuity that provides a steady stream of income, there is no risk of outliving that retirement income.
Retirement funding options
All consumers and certainly retirees want to have the option to keep their retirement funds protected from stock market risk, while some would like to have the option to also allow their funds to grow in the stock market. With an Index Income Annuity, there is a guaranteed rate of return without exposure to stock market risk.
Accounting for inflation
With regular financial planning for your current lifestyle and future retirement, some may forget to take into account future costs of living. With rising health care costs, long-term care costs and economic inflation, the likelihood of higher expenses isn't always fully considered. With an Index Income Annuity, you have the potential to better plan for retirement with increasing income while accounting for inflation over the years.
Greater financial confidence
At retirement, consumers and investors can sometimes be concerned that they will run short of money or need to spend too much unexpectedly. The purchase of an Index Income Annuity can
provide greater financial confidence by
guaranteeing that you have a regular income for the rest of your life. A nest egg is an integral part of retirement income planning, and an Index Income Annuity can provide additional financial stability. You can enjoy your future lifestyle and retirement more comfortably, knowing that you don't have to take a reduction in income later in life.