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Maximize Your Retirement Income with Income Annuities

Get matched With A Local Advisor And Learn How An Income Annuity Can Protect Your Savings

What Are Income Annuities

Income annuities, also known as immediate annuities or payout annuities, are financial products designed to provide a steady stream of income for a specified period or for the rest of your life. With an income annuity, you make a lump-sum payment to an insurance company in exchange for regular income payments, which can start immediately or at a future date.

Key Features Of Income Annuities

Guaranteed Income

┬áIncome annuities offer guaranteed income payments, providing a stable and reliable source of cash flow during retirement. Whether you’re looking to supplement your Social Security benefits or create a predictable stream of income to cover essential expenses, income annuities can help you achieve your financial goals.

Lifetime Income Options

Many income annuities offer the option to receive payments for the rest of your life, ensuring that you’ll never outlive your income. With a lifetime income annuity, you can enjoy financial security and peace of mind knowing that you’ll receive regular payments for as long as you live.

Flexible Payout Options

┬áIncome annuities offer flexibility in choosing the payout options that best suit your needs. Whether you prefer fixed payments for a specified period or inflation-adjusted payments to keep pace with rising living costs, there’s an income annuity option to meet your requirements.

Tax Advantages

Income annuities offer tax advantages that can help you maximize your retirement income. Because a portion of each payment represents a return of your original investment, only the taxable portion of the income is subject to taxation. Additionally, income annuities provide tax-deferred growth, meaning you won’t pay taxes on earnings until you receive payments.

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