Guaranteed Lifetime Income
Are you concerned about having enough money in retirement? A guaranteed lifetime income stream can provide peace of mind, financial stability, and freedom to enjoy your retirement—no matter how long you live.
As you transition from saving to spending, annuities are one of the most powerful tools for preserving your nest egg while ensuring a steady, predictable income stream. However, not every retirement strategy offers the same protection or guarantees, and it’s critical to understand the details before making your choice.
| Feature | Fixed Index Annuity with Income Rider | Traditional Investment Accounts |
|---|---|---|
| Guaranteed Income for Life | ✅ Yes | No |
| Principal Protection | ✅ Yes | At Risk |
| Market Upside Potential | ✅ Yes (up to a cap) | ✅ Yes (with more risk) |
| Income Continues Even if Account is Depleted | ✅ Yes | No |
| Flexible Payout Options | ✅ Yes | Variable |
| Legacy Benefits | ✅ Yes (to beneficiaries) | ✅ Yes |
Why Choose Annuities for Retirement Income?
- Lifetime income—never worry about outliving your money.
- Backed by strong, reputable insurance companies.
- Growth potential with fixed index annuities—interest credits based on market index performance, with zero downside risk.
- Flexible legacy options for loved ones.
- Tax-deferred growth to help your savings compound faster.
Some fixed index annuities allow you to control how and when income is paid—thanks to lifetime income riders that can be added for an additional cost.
How Do Income Riders Guarantee Lifetime Income?
Income riders ensure you never run out of income—even if your account value reaches zero. They provide a guaranteed minimum income for life, unaffected by market downturns. With an income rider, you enjoy predictable, worry-free retirement cash flow. Learn more about how income riders work here.
- The guaranteed growth rate applies to the income account, not the cash value.
- Your income payments continue for life—even if the account is depleted.
- Income riders enable tax deferral and flexibility in income start date.
Is an Annuity with an Income Rider Right for You?
Annuities with lifetime income riders may be an excellent fit if you want to “pensionize” a significant portion of your IRA, 401(k), or other retirement accounts for secure, guaranteed income. These strategies can help spread out required minimum distributions and keep you from outliving your assets.
Foxcove Financial can help you evaluate your options, explain income riders in plain English, and build a plan that aligns with your goals.
Looking for Guidance?
If you’re ready to take the next step in planning your retirement with confidence, Foxcove Financial is here to help. We’ll walk you through your options, answer your questions, and help you evaluate solutions that align with your long-term goals. We specialize in insured strategies designed to protect and grow your retirement income. Call us at 609.807.8502 or schedule an appointment.