The Case for Guaranteed Retirement Income • The Insurance Pro Blog

None of this implies everybody ought to rush out and annuitize half
their retirement financial savings. Particular person circumstances fluctuate. Your
well being, your different revenue sources, your legacy targets, and your
consolation degree all issue into whether or not a single premium fast
annuity is sensible — and if that’s the case, how a lot to allocate.

However the default assumption is price questioning. For many years,
the retirement planning dialog has handled SPIAs as
uncommon or area of interest merchandise. The analysis suggests the other:
that for many retirees with out pensions, some degree of
annuitization produces higher outcomes throughout revenue, threat,
and legacy than relying totally on portfolio withdrawals.

The query is not “why would I purchase a SPIA?” It is
“how a lot of my retirement revenue hole may a SPIA
shut — and what would that do for my peace of thoughts?”

That is a query price answering with actual numbers primarily based on
your particular scenario, not with generalizations. And it is
one we’re blissful to assist with.