Annuities - Why Ever Use Them - Part 5
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Guaranteed income options can be limited in retirement, but an annuity income rider can help.
Your Social Security benefit and pension are both types of guaranteed income and, from a retirement planning perspective, they should cover your essential income needs. But what if they don\\u2019t?
Some annuities offer an income rider feature designed to provide you with guaranteed income for the rest of your life. If you\\u2019re considering getting an annuity or already have one, listen to this episode to find out if an income rider could benefit you.
Press \\u201cplay\\u201d to hear Radon and Murs continue their \\u201cAnnuities \\u2013 Why Ever Use Them\\u201d series by explaining how an income rider works, what the fees are, and what the long-term benefits can be.
In this episode find out:
- Why we recommend a fixed index annuity for retirees
- What guaranteed income is and why it\\u2019s important in retirement
- How an annuity income rider provides guaranteed income
- The cost of an annuity income rider
- How an annuity income rider could suit your future
Tweetable Quotes:
\\u201cWhen you add an income feature to an annuity, it gives you lifetime income\\u201d \\u2013 Radon Stancil
\\u201cThe longer you wait to take income from an annuity, the higher the income will be\\u201d \\u2013 Radon Stancil
Important Links & Mentions
- Part 1 \\u2013 Annuities \\u2013 Why Ever Use Them
- Part 2 \\u2013 Annuities \\u2013 Why Ever Use Them
- Part 3 \\xad\\u2013 Annuities \\u2013 Why Ever Use Them
- Part 4 \\u2013 Annuities \\xad\\u2013 Why Ever Use Them
- Our website
Resources:
If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
To access the course, simply visit POMWealth.net/podcast.
To receive our free book, Get Off the Retirement Rollercoaster, leave a 5-star rating review on Apple Podcasts and send a screenshot to mailto:morgan@pomwealth.net.
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