If you’re approaching retirement, and want the certainty of guaranteed income rather than a market bet, an income annuity may be right for you.
You want a guarantee for at least a portion of your retirement savings
You value stability and are in good health
You have money saved and are within 5 years of retirement
You have a fully-funded pension provided by your employer
You are more than 5 years away from retirement
You’re looking for a high return rather than a guarantee
The objective of an annuity is to provide a guaranteed source of income once you’ve retired. Whether you work with us or not, be sure to familiarise yourself what's guaranteed and what's not.
| Name | Purpose |
|---|---|
|
Immediate Annuity
a.k.a.
|
Guaranteed income, starting immediately |
|
Longevity Annuity
a.k.a.
|
Guaranteed income, starting 2+ years from now |
|
Qualified Longevity Annuity Contract
a.k.a.
|
Guaranteed income in your IRA or 401(k) starting after age 73 (also deferring your RMDs) |
|
Fixed Annuity
a.k.a.
|
Guaranteed interest accumulation (like a CD) |
| Name | Purpose |
|---|---|
|
Indexed Annuity
a.k.a.
|
Investment-style products with the potential of market-based growth with limited or no losses. Also offers the opportunity to turn accumulated wealth into income later on. These types of annuities are not on our platform because the outcome is not guaranteed, they're complex and hard to compare, and the fees involved are high. |
|
Variable Annuity
a.k.a.
|
Still trying to understand if an annuity is right for you?
Request a free analysis of your retirement finances by giving us a call at (888) 867-7620.
Retirement income is the “salary” you receive once retired – when living and enjoying life is your only job! Retirement income is generated by converting a portion of your savings into an income annuity. Once you’re ready to start receiving payments – be it now or in the future – your retirement income is guaranteed and won’t stop until you do.
Income annuities are offered by insurance companies that guarantee that you will receive a set amount of money every month. That amount can start now or later and continues for life. Essentially, you pay them to take on your market and longevity risks so you don’t have to.
Unlike variable or indexed annuities, fixed and income annuities don’t have any upfront or annual fees charged directly to the customer. The insurers pay us a commission for any annuities of theirs we sell. That commission and any other expenses incurred are reflected in the income they’re able to offer you.
If your financial advisor is a fiduciary, we won’t say no. But know that we adhere to fiduciary principles when recommending annuities. You can ask us about your greater financial picture and we will give it to you straight when it comes to evaluating whether an annuity makes sense for you. Also, know that annuities traditionally get bad press, so your advisor could jump to conclusions. The types of annuities with a bad reputation are those that are market-based and focused on building wealth instead of income. Their complexity and high fees make them harder to evaluate than fully-guaranteed, simple annuities. At Blueprint Income, we only offer those fully-guaranteed, simple ones that provide retirement income for life that's shielded from the market.