Your Paycheck Stopped. Your Bills and Life Didn't.
Retirement now lasts longer than it ever has. Inflation and healthcare costs are rising faster than ever. And long-term care is a reality most people aren't prepared for. All three mean your savings need to work harder, and longer, than any generation before you. Here's how people turn part of that savings into income they cannot outlive — no matter how long retirement lasts or what it costs.
"How Much Can I Actually Spend?" Is a Harder Question Than It Sounds
A paycheck doesn't run out mid-month based on how the market did. A portfolio can. Market risk — a downturn hitting right as you start withdrawing — can permanently shrink how long your savings last. And today's retirees are stacking that risk on top of longer lifespans, faster-rising costs, and long-term care odds no previous generation had to plan around.
Pull too much too soon — especially into a down market — and you can permanently shrink how long your savings last, even if the market later recovers. Pull too little out of caution, and you may be living smaller than you have to, or leaving Social Security to carry more of the load than it should.
Guaranteed lifetime income sidesteps that guesswork entirely. Instead of asking "how much can I safely withdraw this year," part of your money is simply turned into a paycheck — one that's contractually guaranteed to keep paying no matter how long you live or what the market does.
Turning Savings Into a Paycheck You Can't Outlive
The most common way to do this is by adding an income rider to a Fixed Indexed Annuity (FIA) — an optional feature, added for a cost, that converts part of your contract into lifetime income.
More Than Just a Paycheck
When Should the Paycheck Actually Start?
All three use a lifetime income rider on a Fixed Indexed Annuity. The difference is timing — read all three and you'll know which one you want.
Income Now
Built for retirees who want the paycheck starting right away, not years from now — you elect income soon after funding instead of waiting for a larger deferred number.
- Income starts fast — elect payments soon instead of waiting years
- Still guaranteed for life — paying no matter how long you live
- Replaces the guesswork — a known number instead of a withdrawal-rate gamble
- Still principal protected — the account keeps its 0% floor
Income Later
Built for people who don't need income yet — the income base often grows at a bonus rate every year you wait, so deferring can meaningfully increase your future guaranteed paycheck.
- Income base grows while you wait — often at a bonus rate, separate from the market
- Deferral is rewarded — the longer you wait, the bigger the guaranteed number
- Still fully protected — the 0% floor never stops applying
- You decide when to flip the switch — no forced start date
Bonus Income
Adds an upfront bonus, credited on day one, on top of an income rider — so the income base your future paycheck is calculated from starts bigger, before any growth credits are applied.
- Bonus credited on day one — a bigger starting income base
- Stacks with either structure — works with Income Now or Income Later
- Everything a standard rider offers — lifetime payments, principal protection
- Often comes with tradeoffs — typically a longer surrender period or different rider cost
Curious What Your Guaranteed Number Could Be?
Take our free risk assessment — a couple of minutes to see where you're exposed, then we'll talk about what a guaranteed income number could actually look like for you.
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