Create income for life
Live the life you imagined
“I think I have enough money for retirement, but I want it to last.”
As much as you save and plan, certain factors may impact your retirement plans that are difficult to anticipate: the ups and downs of the market, your health, and even how long you will live in retirement. Having a comprehensive retirement plan can help you be more prepared for volatility in the markets and help create an income strategy so you can enjoy the retirement you imagined.
What is an Annuity?
Annuities are long-term, tax-deferred vehicles designed for retirement. Variable annuities involve investment risks and may lose value. Earnings are taxable as ordinary income when distributed. Individuals may be subject to a 10% additional tax for withdrawals before age 59½ unless an exception to the tax is met.
Add-on living benefits are available for an extra charge in addition to the ongoing fees and expenses of the variable annuity. There is no guarantee that a variable annuity with an add-on living benefit will provide sufficient supplemental retirement income.