Imagine knowing that you could count on a specific amount of income to arrive each and every month for the rest of your life. How would that make you feel, knowing that no matter what happens in the stock market or how low interest rates fall, and regardless of whether you ever walk into your employer’s location again, you’ll still get paid!
What would you do? How would you feel? How long would it take for all of your financial stress to melt away, and for you to start seeing the world in a different light, knowing that you won’t run out of income, no matter how long you live?
This is what having a guaranteed income can do… and it isn’t as difficult to set up as you might think.
Can Guaranteed Income Really Make You Happier and Healthier?
Research has shown that people who have a protected lifetime income stream are generally more secure financially than those who do not. In addition, people with protected lifetime income have a higher level of satisfaction in retirement, which is a key factor in enjoying your retirement years.
In a 2018 study, respondents state that the greatest benefits of having a protected lifetime income include:
- Protection against longevity risk
- Peace of mind
- A better ability to budget
- Less stress and a happier overall retirement
How to Secure a Guaranteed Income Stream with an Annuity
Annuities are designed for paying out a regular stream of income, but there are hundreds of different annuities to choose from in the financial marketplace. Therefore, there are several factors that you need to consider before you narrow down one that is right for you – if any.
These criteria can include your age, risk tolerance, and time frame until retirement, as well as other benefits that you may be looking for, such as tax-advantaged growth and a stream of income that will last for the remainder of your lifetime – no matter how long that may be.
With that in mind, it can help if you work with an annuity specialist who can go out into the market and match up the best annuity for your particular needs. That’s what we do at Annuity Gator. In addition, we educate consumers and financial advisors about how annuities work and what you can anticipate by putting an annuity into a retirement portfolio.
If you’d like to set up a time to chat with an annuity specialist, give Annuity Gator a call at (888) 440-2468, or send us an email via our secure online contact form. We look forward to hearing from you and helping to provide you with a secure retirement.