SEE A FINANCIAL PLANNER TO DISCUSS GUARANTEED INCOME OPTIONS
GUARANTEED FOR LIFE INCOME
- Immediate annuities
- Payouts start immediately upon purchase
- Deferred Income Annuities
- Payouts start at a future date
- Qualified Longevity Annuity Contracts (QLACs)
- Approved in 2014
- Used in IRAs, 401(k)s, approved retirement plans
- Fixed Income Annuities
- Excluded from traditional required minimum distributions
- Can be deferred to age 85
- Can be left to beneficiaries