CALL US: (888) 440-2468

CALL US: (888) 440-2468

have an annuity question?
have an annuity question?

Do you have a retirement income plan?

Or do you just have a potpourri of random investments?

If you’ve been saving and investing “for the future,” it is likely that you’ve considered (and moved forward with) various financial opportunities that could increase the overall value of your portfolio.

But in doing so, are your savings and investments actually working towards a common goal? Or are they, instead, a mixed bag of unrelated financial vehicles? If the answer is the latter, it may be time to get a second opinion from a retirement income planning specialist who can help you with turning your ideal retirement lifestyle into reality.

Does Your Retirement Plan Include Income Generation?

It is possible that you’ve seen and heard a multitude of ads from financial services companies that boast about how they can help you to reach “your number” (i.e. a desired dollar figure in your portfolio).

But, while it’s nice to be able to grow your overall assets, the truth is that a successful and happy retirement has much more to do with income than assets. For example, you could hold a warehouse full of collectibles that are valued at millions of dollars – but if they aren’t producing any income, then they aren’t really providing you with financial security.

On the other hand, you could have a portfolio that is valued at far less – but that produces a set amount of regular income for you that will last for the remainder of your lifetime (no matter how long that may be) – that allows you to spend your days any way you want to.

This, in turn, can allow you to worry a lot less about the ability to keep paying your living expenses – and to, instead, focus on the more important things in life, like traveling, relaxing, and spending time with people you care about.

In fact, studies have consistently shown that people who can count on a guaranteed lifetime income are not only happier, but they may also even live longer because they aren’t as prone to stress-related issues like high blood pressure and corresponding heart disease.

Where to Find Reliable Income in Retirement

Although there are a number of investment vehicles that can produce income – such as bonds, stock dividends, and real estate – the only tool that can guarantee a set amount of income for a stated time period (including the rest of your lifetime) is an annuity.

Many annuities can also offer additional benefits before they are converted to an income stream, including:

  • Tax-deferred growth
  • Penalty-free access to funds in certain situations (such as a terminal or chronic illness diagnosis, or the need to reside in a nursing home)
  • Death benefit/legacy planning

With that in mind, these flexible financial vehicles can be used in a wide variety of ways when planning ahead for your retirement savings and income needs.

How to Coordinate Income and Fill in the “Gaps”

While an annuity can provide a long list of benefits, not all annuities are the same. So, it is important to separate out which annuity – if any – is right for you, based on your short and long-term objectives. That’s where Annuity Gator can help.

At Annuity Gator, our goal is to make sure that consumers and financial professionals are well-versed in how annuities work, and where they might fit into the overall retirement planning and income strategy.

If you would like to set up a time to chat with an annuity specialist – either via phone or virtually – feel free to contact us at (888) 440-2468, or by going to our secure online contact form. We look forward to assisting you.

Do you have a retirement income plan?

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