As retirement approaches, you may have asked yourself – how can I turn my savings into secure retirement income? Income not just for your essential living expenses but also for the lifestyle you envision.
A payout annuity can be part of your solution. By providing a guaranteed income, it can help reduce the worry of covering key expenses. Although we do not recommend turning your entire retirement income into a fixed income, it is ideal to have part of your income guaranteed and another part invested & liquid. This will create a balance in your daily spending so any emergency expenses can be funded while ensuring your fixed predictable expenses are always covered as well.
Our Certified Financial Planners can help you find the right balance between your retirement pensions to maximize your retirement income!