Here’s How ToTake the Uncertainty out of Your Retirement Income

Posted on January 1, 2013

Annuities are the only product that guarantee income for life regardless of how long you live.

There are 2 ways to get a lifetime income using annuities.  You either need income immediately or at a later date.

Income Now

If you are looking for income now, you should be looking at a Single Premium Immediate Annuity.  The lifetime income stream starts 30 days after the contract is issued and continues for the rest of your life.  Here are some points to keep in mind when considering Single Premium Immediate Annuities:

• Lifetime income stream can be set up single or joint life
• You can add annual cost of living increases to the policy contractually
• No Annual Fees
• No liquidity
• Contract can be set so that 100% of the money goes to you/your listed beneficiaries.

Income Later

Income that starts down the road a bit can be achieved through two different annuity strategies:

1) Income Riders attached to a deferred annuity – These are benefits attached to a policy that have guaranteed growth rates during the deferral years. 

Key points to remember:
• Totals cannot be accessed by lump sum and can only be used for lifetime income.
• Lifetime income is taxed at your regular income tax level.
• Guaranteed % is guaranteed during deferral years, not when the lifetime income starts.

2) Longevity Annuity – These are deferred immediate annuities with enhanced payouts on the lifetime income stream.

Key points to remember:
• No Annual Fees
• Part of the lifetime income stream is not taxable when used in a non-IRA account.
• You can add cost of living annual increases contractually to the policy.


These strategies allow you to know exactly what your lifetime income stream will be.  Because they are guaranteed contractually, you can prepare for specific monthly or annual income needs.

If this is of interest to you and you would like to learn more please contact us today!  We want to help you have peace of mind and a secure future that you deserve.  You have worked hard, let us work hard for you to ensure your financial security down the road.

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John Bulbrook, Bulbrook Drislane – IN-FORCE ™ Secondary Market, Finance and Investments, Secondary Market, Annuities, Fixed Term Annuities, Life Insurance, Structured Settlements, Previously Owned Annuities, Pre Owned Annuities, Immediate Annuities, Factored Structured, Settlement Secondary Market Annuity, Aftermarket annuity, Inforce fixed term annuities, Inforce fixed term annuity, Inforce annuity, Deferred Variable Annuity, Inherited Annuity, Equity Annuities, Straight Life Annuity, Non Qualified Annuity, Mutual Fund Settlement, 20 Year Annuity, 10 Year Annuity, 5 Year Annuity – Click here for his Facebook,TwitterLinkedInGoogle Plus




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