When we look at the way retirement used to be vs. the way it is today, we see a trend towards the reliance on one’s own personal assets saved for retirement. Fewer Americans today will retire with pensions or other forms of defined benefit retirement plans as they once did. Clients now rely on their 401k or another form of IRA that they have saved on their own for retirement.

People approaching retirement must ask themselves questions that they have trouble answering. Questions like, “How much can I take out of my IRA each year?” or “What interest rate can I realistically expect?” It would certainly help us as advisors if we knew how long our clients were going to live! With a Guaranteed Lifetime Income Annuity, we can provide clients with a guaranteed income stream for as long as they live. This can provide clients peace of mind knowing exactly how much to expect each year, and more importantly – they will not outlive their assets.

At Pinnacle Financial Services we have a huge portfolio of Fixed and Indexed Annuities that will provide a guaranteed income stream. Perhaps a traditional immediate annuity or “SPIA”, as they are commonly referred to, is best. These products generally have no liquidity, but will oftentimes provide the highest income payouts. If your client is like most, however, they may be more interested in an Indexed Annuity with a guaranteed lifetime income rider. These products, unlike the SPIA, will provide clients with control over their remaining annuity account balance and still receive a guaranteed income stream for life.

Finding the right Annuity for your client is our most important objective at Pinnacle Financial. Our team assists our advisors from start to finish with their Annuity business. From contracting, to leads and marketing, to quoting/case design, and application processing. We will help you every step of the way! Give us a call today to learn more about the annuity options we have here at Pinnacle Financial Services.