When your work-life changes, your regular income doesn’t have to change or even stop. There are many ways to maintain your lifestyle later in life. A guaranteed annuity is a great and sustainable way to do it. Most people think of an annuity as a pension-like stream of income. Where you get a consistent paycheck for the rest of your life. With this in place, you can focus more on living your life and worry less about managing your money.
Everyone has varying ideas and opinions about what they want when it comes to retirement. Talking to a financial professional is an excellent way to figure out the best options and plans for you.
It’s entirely up to you if you’d rather have more income now or later. You can choose an income solution that starts paying out immediately or one that delays till later before paying you. If you have money from an investment account or the sale of a home, transferring that income into an immediate annuity will turn it into money you can start receiving right away.
It pays many of our clients to plan how to pay. Buying a guaranteed income annuity before you need one is a smart move. Suppose you can afford to wait. Deferring your payments will give you higher and better payouts later. How much do you think you’d need in retirement? You should find out how much money and steady income you’ll need to maintain the lifestyle you desire.
Contact A1A Insurance today to get more information on our service offerings. We are here to help you.